Entrepreneur Preston Rutherford reflects on his 9-figure exit, missed 10-digit IPO, and personal growth journey. Topics include regret, communication, compounding experiences, self-worth, burnout recovery, redefining success, and balancing work and personal life.
Regretting early exit led to intense personal growth journey.
Importance of self-worth apart from financial success.
Deep dives
Preston Rutherford's Regrets and Growth After Business Exit
Preston Rutherford reflects on his regret of exiting his business too soon, missing out on a subsequent successful IPO. Despite this, he acknowledges the personal growth the exit brought him, emphasizing the importance of appreciating one's blessings and lessons learned from burnout and mismanagement, both personally and professionally.
The Lessons Learned About Greener Grass and Self-Worth
Rutherford admits his mistaken belief that the grass is greener elsewhere and discusses his self-worth being tied to financial success, impacting his decisions. He emphasizes the lessons of realizing true self-worth independent of financial status, appreciating compounding relationships and expertise, and returning to his passion despite past doubts.
Journey Back to Identity: Overcoming Burnout and Finding Purpose
Rutherford details overcoming burnout by gaining perspective and gratitude, realigning his values to prioritize long-term goals, and learning to communicate openly and honestly. He reflects on rediscovering his purpose through inner growth and external feedback, emphasizing the importance of vulnerability, self-awareness, and managing personal and professional priorities.
Defining Success and Freedom Amidst Personal Reflection
Rutherford redefines success as personal devotion to meaningful work, collaboration with loved ones, and creating value for the world. He shares his evolving perception of freedom from financial constraints to embracing each moment of meaningful pursuit, despite uncertainties in his current business venture. Reflecting on marriage strain and financial challenges post-exit, he highlights the importance of family, work, and pursuit of dreams.
Preston Rutherford. His company was sold in a 9-figure exit 5 years ago. A couple of years later, the combined company had a 10 -digit IPO. But Preston wasn't there to experience it. While he regrets exiting too early, he acknowledges that the exit propelled him into an intense personal growth journey. In this episode, Preston shares how he learned to appreciate what he had, communicate more vulnerably and understand the compounding effect of experience, skills, and relationships.
LinkedIn Preston:
https://www.linkedin.com/in/prestonr/
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TIME STAMPS:
(00:00:00) Intro
(00:01:11) Welcome
(00:01:50) Reason behind starting chabis
(00:02:13) Reasons for leaving chabis
(00:03:52) Consequences of leaving the business
(00:04:42) Contemplations on the decision to leave
(00:05:24) Regret on leaving the business
(00:06:16) The pursuit of greener pastures
(00:07:14) Learning from the decision to leave
(00:08:33) Journey back to the zone of genius
(00:09:20) Overcoming burnout and healing
(00:12:20) Facing personal and professional challenges
(00:13:47) Realizations and personal growth
(00:14:21) Finding out personal identity
(00:17:41) Coming to terms with self worth
(00:18:34) Working on personal development
(00:21:13) Understanding the definition of success
(00:23:14) New definition of success
(00:25:09) Search for self-worth
(00:26:09) Current definition of success
(00:27:25) Professional journey and success
(00:28:10) Reflections on personal life
(00:29:14) Personal life and family
(00:30:06) Juggling work and family life
(00:30:21) Joy and personal life reflections
(00:33:02) Work and self-identity
(00:35:25) Progress since leaving previous company - Chubby's
(00:40:01) Relationship with wife amid business challenges
(00:44:16) Balancing dreams and practicality in business
(00:47:32) Transition period after Chubby's and preparations for new business
(00:48:45) How he wants to be remembered
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