Ep. #1165: Adam Schafer on the Keys to Building a Successful Business

Sep 4, 2024

Join Adam Schafer, co-founder of the acclaimed Mind Pump podcast, as he shares insights from his 15 years in the fitness industry. He reveals how to transform business setbacks into growth opportunities and the crucial role of networking for success. Adam emphasizes the importance of extreme ownership in leadership and offers key lessons on hiring and team management. Plus, learn how personal relationships evolve with business success and the impact of surrounding yourself with driven individuals on your personal and professional growth.

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Intro

00:00 • 4min

Navigating Success and Relationships

04:24 • 18min

Balancing Ambition and Parenthood in Pursuing Fat Loss

22:23 • 4min

Fitness Meets Entrepreneurship

26:25 • 16min

Lessons from Hiring Mistakes

42:17 • 12min

Building Emotional Resilience and Professional Networks

53:52 • 23min

The Power of the Right Circle

01:16:40 • 20min

Empowering Coaches with Free Resources for Business Growth

01:36:13 • 2min

Tailoring Your Strength Training: A Personalized Approach

01:38:00 • 2min

What’s the secret to building a successful business that lasts? How do you overcome the common challenges that entrepreneurs face? And what steps can you take to ensure your business continues to grow and thrive?

In this episode, I sit down with Adam Schafer, a prominent figure in the fitness industry with more than 15 years of experience. Starting as a personal trainer, Adam co-founded Mind Pump, the #1 rated fitness podcast on Apple with over 2 million downloads per month. Adam delves into the challenges entrepreneurs face and how to turn setbacks into opportunities for growth, offering practical advice on building a thriving business in the competitive world of health and fitness.

In this interview, you’ll learn . . .

How to reframe business setbacks as opportunities for growth and innovation The critical role of networking and relationship-building in accelerating business success Why embracing extreme ownership is essential for effective leadership and scaling your business Key lessons in hiring and managing teams for sustainable business growth

And more . . .

So, if you want to understand how to navigate the challenges of entrepreneurship and build a successful business, click play and join the conversation.

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Timestamps:

(04:41) Is inconsistency in friendships a personal trait or a byproduct of success?

(09:48) Will you ever consider slowing down in your business pursuits?

(12:42) In the future, how will you balance financial achievements with non-financial achievements?

(24:34) How do you evaluate the significance and magnitude of your goals?

(26:24) Can you share more about the new service you launched for fitness professionals?

(40:24) What lessons have you learned from hiring the wrong people in business?

(50:12) How can you transform past mistakes into valuable lessons for future growth?

(59:34) How can you build friendships with successful people even if you don’t feel successful yourself?

(01:13:25) How can surrounding yourself with uplifting individuals lead to greater success and personal growth?

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Mentioned on the Show:

The Little Black Book of Workout Motivation