Brad Johnson, host of the Do Business Do Life podcast and co-founder of Triad Partners, shares his transformative journey from financial advisor to entrepreneur. He emphasizes balancing professional success with personal fulfillment and advocates for embracing challenges as growth signals. Brad highlights the importance of culture and vision in business, exploring how humility and therapy can enhance leadership. He also shares his insights on recognizing time as a valuable asset and the need for adaptive strategies in both work and life.
Investing in a strong culture and clear vision is essential for sustained business growth and employee satisfaction.
Achieving success in business without sacrificing personal fulfillment requires balancing career ambitions with personal values and family time.
Embracing failure as a crucial aspect of growth helps entrepreneurs enhance their skills and confidence while building their businesses.
Deep dives
The Overemphasis on Marketing at the Expense of Culture
Many businesses tend to prioritize marketing, sales, and operations, often neglecting the foundational aspects of culture and vision. This observation underscores a common pitfall where companies are so focused on external growth that they overlook internal dynamics. The conversation suggests that a strong, supportive culture is equally vital for sustained success and employee satisfaction. The balance between external performance and internal culture ultimately determines a company's long-term viability.
Building Successful Businesses with Personal Fulfillment
The discussion emphasizes the possibility of creating successful businesses without sacrificing personal fulfillment. Brad Johnson shares his journey as a financial advisor and entrepreneur, illustrating that the relentless pursuit of financial success often leads to burnout and regret. He stresses the importance of finding harmony between career ambitions and personal life, advocating for a balanced approach to business that prioritizes personal values and family time. Such a philosophy can actively combat the hustle culture prevalent in many industries.
Lessons Learnt through Failure and Growth
Brad reflects on his initial struggles with podcasting and business-building, emphasizing the necessity of failure in the learning process. He recounts how early setbacks developed his confidence and improved his interviewing skills, allowing him to emerge as a distinguished figure in the financial podcasting realm. This journey reveals that embracing failure as a vital part of growth is crucial for entrepreneurs. The insights gained from these experiences shaped his approach to mentoring others in the financial industry.
The Importance of Vision and Culture in Business
A key takeaway is the significance of having a clear vision and strong culture within an organization. As Brad and his team set up Triad, they aimed to build a business that was not solely about profits, but about community and shared values. The emphasis on culture became a guiding principle, impacting hiring practices and business operations. By fostering a culture of collaboration and support, they aimed to create an environment conducive to long-term success.
Continuous Personal Development through Therapy
Brad advocates for therapy as a crucial resource for entrepreneurs, debunking the stigma surrounding mental health conversations. He shares how seeking help helped him and can benefit others in managing the immense pressure of running a business. By promoting the idea that therapy can serve as a form of professional coaching, Brad invites business leaders to prioritize their mental well-being. This focus on self-awareness and emotional health ultimately contributes to better leadership and healthier workplaces.
In this episode of The Double Win Show, Michael Hyatt and Megan Hyatt Miller are joined by Brad Johnson, host of the Do Business Do Life podcast, to discuss how to achieve sustainable success in both work and life even when it means defying industry norms. Brad Johnson discusses his journey from financial advisor to co-founder of Triad Partners, showing how he balances professional success with personal fulfillment. Brad highlights how challenges signal growth, advocating for therapy, humility, and embracing the "infinite game" to thrive in work and life.
Memorable Quotes
“When all you do is deal with money all day, every day, sometimes people can get consumed by it. The pursuit of it… They accidentally build the prison around themselves that they’re trying to break out of.”
“I can’t buy time back. There’s a more valuable asset on the line and it’s time.”
“A weekly paycheck is the most addictive drug in the world.”
“It’s completely different to be a great business owner than to be a great financial advisor.”
“Your differences are your strengths.”
“People will not follow volatile leaders.”
“Every entrepreneur should be in therapy and that’s whether or not they think they need it.”
“The challenge is the reward for going to the next level.”
“The biggest thing is if you want to build a business bigger than you, you better focus a ton on vision, a ton on culture.”
Key Takeaways
Culture Matters: Businesses often underinvest in culture and vision, which are essential for lasting growth.
Redefining Success: Brad shows how to ensure your business serves your life, not dominates it.
Integration Over Balance: Treat work and life as partners rather than competitors.
Lead by Growing: Personal growth, including therapy, is vital for effective leadership.
Relationships First: Strong connections drive fulfillment and business success.