Crafting Your Business War Plan to Achieve 7-Figure Business Success
Jan 26, 2024
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Josh Latimer, Co-Founder of HonorAndFire.com, CEO of KidWarPlan.com and host of the Quick Talk Podcast, discusses smart marketing, new business mindsets, selling strategies, dominating the garage industry, navigating financial support for children, reflections on college and networking, nurturing children's individuality, life-changing books on human behavior, and insights on purpose and potential.
Building a sellable business motivates you to build a better business overall and leads to more growth and success.
By setting ambitious goals, you can unlock your full potential, leave a lasting legacy, and make a positive impact in the lives of others.
Successful entrepreneurs embrace challenges as opportunities, make bold moves, and always think ahead.
Deep dives
Importance of Building a Sellable Business
Building a sellable business is crucial as it provides protection for your staff, improves customer service, and creates more opportunities. By creating a business with the intention of selling, you are motivated to build a better business overall. It also helps you focus on the bigger picture and think beyond your personal needs, which ultimately leads to more growth and success.
The Selfishness of Not Playing Bigger
Not playing bigger, thinking bigger, and building a sellable business is considered selfish because it limits your potential and fails to maximize the impact you can have. It is important to dream and set ambitious goals, not just for personal gain, but also for the positive difference you can make in the lives of others. By challenging yourself and striving for more, you can unlock your full potential and leave a lasting legacy.
Challenges and Excitement of Entrepreneurship
Entrepreneurship is not for the faint-hearted, but for those who are hungry for success. It requires hard work, determination, and the ability to overcome obstacles. While many people may be afraid of uncertainty or fear failure, successful entrepreneurs see challenges as opportunities and embrace them with excitement. They thrive on making bold moves, taking calculated risks, and always thinking ahead.
The Power of Believing in Yourself
Believing in yourself and having the confidence to pursue your goals is crucial for success. It's not just about having the right strategies or skills, but also cultivating a mindset of self-belief. With the right mindset, you can overcome fears and self-doubt, take action, and persist in the face of challenges. By believing in your abilities and having a clear vision of what you want, you can achieve remarkable things and create a life of fulfillment and impact.
The Importance of EQ over IQ
The podcast episode emphasizes the importance of emotional intelligence (EQ) over intelligence quotient (IQ) for success. The speaker shares personal experiences of achieving academic success not through high IQ but by studying effectively and retaining key information. It is highlighted that studying smart and developing the right habits can yield better results than simply relying on high IQ. The speaker also emphasizes the importance of understanding that each child is unique, and parenting should focus on nurturing their individual strengths and interests instead of trying to mold them into a certain image. The concept of 'raising children in the way they should go' is explained as being about understanding and supporting their inherent nature and inclinations.
Effective Parenting Strategies
The podcast episode discusses effective parenting strategies for raising successful and independent children. The host suggests seeking guidance from parents of respectful and well-behaved children to learn from their experiences. It is highlighted that the bar for good parenting is often set low, and by setting higher standards and engaging in open conversations with other parents, one can gain insights and receive valuable advice. Additionally, the importance of having quality one-on-one time with children is emphasized, where parents fully engage in activities that interest their children. The podcast also encourages parents to involve their children in their world and projects, fostering confidence and a sense of contribution. The speaker suggests empowering children by gradually involving them in age-appropriate responsibilities and encouraging independent decision-making.
Josh Latimer is the Co-Founder of HonorAndFire.com and the CEO of KidWarPlan.com. He and his wife Ashlee are absentee owners of a multi-million dollar SaaS software company and own equity in 7 other successful ventures ranging from local home services, commercial real estate, marketing, and video production. Josh has spoken on over 100 stages and created over 100 millionaires by working directly with small business owners. He is also the host of the Quick Talk Podcast.
In this episode, we talked about smart marketing, new business mindsets, selling strategies...
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