The GaryVee Audio Experience 20 Minutes of Honest Conversation around Entrepreneurship
Apr 24, 2021
Dustin Wiggins, a seasoned entrepreneur with a wide-ranging background in dry cleaning, publishing, e-commerce, and travel, joins Gary Vaynerchuk for a candid conversation. They delve into the real challenges of entrepreneurship, including the need for honest feedback and how to navigate financial hurdles. Dustin shares insights on documenting one’s journey and staying adaptable, stressing that passion should drive business rather than mere profit. The duo also emphasizes the importance of embracing diverse interests to create authentic content.
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Positivity Skews Feedback
- Gary Vaynerchuk's overemphasis on positivity hindered his ability to give critical feedback.
- This kindness became a weakness, causing employees to be shocked when fired.
Dustin's Entrepreneurial Journey
- Dustin Wiggins, a National Guard veteran, struggled with diverse entrepreneurial ventures.
- Despite owning businesses from dry cleaning to e-commerce, he lacked significant financial success.
Dry Cleaning Business Failure
- Dustin bought a dry cleaning business in 2014, unaware of hidden labor costs due to the owner's family working for free.
- He grew revenue but accumulated debt, ultimately selling the business and house to cover expenses.
