Pat Flynn and Eric Siu share key insights for entrepreneurial success, emphasizing storytelling, overcoming comparison, and building community. They highlight the evolution of income reports and the importance of delegation in scaling businesses. Their wisdom extends to parenting as entrepreneurs, emphasizing patience and continuous learning.
Watch the full interview here: https://youtu.be/Fcq5V2D-euI
TIME-STAMPED SHOW NOTES:
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(00:00) Introduction and deep pocket monster
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(02:22) Card party events
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(03:49) The fallacy of view chasing
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(06:28) Creating a community experience
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(09:31) Growing the event and world records
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(13:04) The cost and value of events
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(21:35) The power of long-form content
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(25:56) Gamifying the content experience
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(33:59) Building a story bank
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(38:38) The dangers of comparison and self-reflection
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(41:24) Overcoming scarcity mindset and taking risks
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(45:16) The success of the SwitchPod
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(51:56) The power of mastermind groups
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(56:02) Balancing time and priorities
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(58:25) Transitioning to community-powered courses
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(1:04:00) The benefits of community and recurring revenue
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(1:13:46) Driving webinar attendance through YouTube
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(1:17:57) The evolution of sharing income reports
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(1:19:21) Transitioning from income reports to case studies
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(1:20:12) The shift to a case study-based approach
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(1:21:38) Generating revenue from books and courses
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(1:24:58) The acquisition of Winning Edits
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(1:26:53) Creating partnerships and building a community
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(1:27:21) Equity and partnerships in business
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(1:29:12) The concept of Commander's Intent
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(1:30:09) Finding the balance between micromanaging and trust
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(1:31:06) Considering a rebrand for Smart Passive Income
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(1:34:53) The power of affiliate marketing
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(1:35:42) The importance of aligning affiliate products with audience goals
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(1:37:37) The value of advisors and partnerships
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(1:38:36) The importance of selectivity in speaking engagements
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(1:39:37) Parenting as an entrepreneur
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(1:51:52) Staying patient and focusing on the long game
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