Beyond 8 Figures Overcoming the Fear of Failure with Chris Shipferling, Global Wired Advisors
The journey of an entrepreneur is full of very high highs and very low lows. It requires a lot of sacrifices but it is also very rewarding. As Chris Shipferling shares with us in this episode, it is vital to find ways to overcome your fear of failure and push through the hard times to reach your full potential!
About Chris Shipferling:
Chris’s career began in customer product sales, and he has held sales and digital marketing executive roles at a wide range of companies. Today he is the Managing Partner at Global Wired Advisors, a digital investment bank that focuses on optimizing the business sale process.
Episode highlights:
- When you are building something with other people, or have a responsibility to others, they will help you mitigate “shiny object syndrome” which will keep you on track with your goals. (23:26)
- It’s important to know what you are good at (and what you are less good at) so that you can plan from day one to replace yourself in certain areas of your business. (24:02)
- Keep pushing! You will go through very high highs and very low lows on your journey as an entrepreneur. There’s a big difference between the low 7-figure stage and the low 8-figure stage, and it’s worth it to push through the hard times. (26:16)
- If your business model isn’t working, don’t be afraid to pivot. Change isn’t failure. (32:07)
- Successful entrepreneurship involves risk. If you are risk-averse, find a mentor who can help you overcome this so that you can reach your full potential. (32:32)
Chris’s best advice for entrepreneurs:
“Push through. Push, push, push. Don’t give up. If you’ve got the lows, fight through the lows. Know that where you’ve made it today, at that mid 6 figure to low 7 figure, is dramatically different from a financial perspective than having that mid 7 figures to low 8 figures. ” (31:00) From where you are now, it may be difficult to imagine how you are going to get to where you want to be, but don’t give up!
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