My Worst Investment Ever Podcast Dan LeFave – Chaotic People and Systems Rarely Create Value
BIO: Dan LeFave is the #1 Best-selling Author of Living the Life of Your Dreams - How To Stop Working Insane Hours And Start Living An Awesome Life. He helps businesses grow 7 and 8-figure revenues.
STORY: Dan quit his job to work in his brother’s company, where he ended up managing daily business operations. His brother’s business systems were pretty chaotic, and it took Dan years to get it to run smoothly. When Dan asked his brother to make him a shareholder, and he refused, he realized that he had made his worst investment building someone else’s dream.
LEARNING: Be careful of working with chaotic people or systems because you will only keep going in circles without gaining any value.
“Discipline can be learned, but it’s best learned at a young age.”
Dan LeFave
Guest profile
Dan LeFave received life’s second chance when he survived a severe car accident that took three lives. He’s struggled through brain injuries, business failures, heartbreaks, running marathons, and daily fights with fear and doubt.
He is the #1 Best-selling Author of Living the Life of Your Dreams - How To Stop Working Insane Hours And Start Living An Awesome Life.
Dan helps businesses grow 7 and 8-figure revenues. He’s known as the 7-Figure High-Performance Business Coach because online business owners hire him to establish self-managing businesses in a few short months by upgrading their SKILLSET, MINDSET + SYSTEMS to scale with ease.
Worst investment ever
Twenty-five years ago, Dan was trying to figure out his life after graduating college and working as a junior investor, which he didn’t excel in. During this time, he communicated with his brother, who was building a business in wireless telecom. As they got talking, Dan asked his brother if he could join him, and he accepted.
After two weeks of working in the field, Dan got an injury and had to leave the field and work in his brother’s office. This saw him start running the business operations. It’s only after Dan began working in the office that he realized how chaotic his brother was. His business records and operations were a mess. Dan, though inexperienced, did everything he could to get the business running properly for a couple of years. All this while, his brother was paying him way below what he deserved. When Dan asked to be a partner in the business, his brother refused, and that’s when he realized that he was better off building his own career path, so he left.
Lessons learned
- Never partner with chaotic people.
- When you go through bad experiences, convert those experiences into something better so you can achieve your dreams.
Andrew’s takeaways
- Shareholding in a company is not always the best option; a cash bonus may be better.
- Chaotic people or systems rarely create value.
Actionable advice
Take a broader perspective and take some more time to think and know what you want.
No. 1 goal for the next 12 months
Dan’s number one goal for the next 12 months is to push his brand, The Three-month Year. Dan wants to help people transition from an intentional imbalance in their business to better health, well-being, and relationships with this business.
Parting words
“If you’re listening to this and there’s one thing you take away from it, write it down and implement it today.”
Dan LeFave
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Connect with Dan LeFave
Andrew’s books
- How to Start Building Your Wealth Investing in the Stock Market
- My Worst Investment Ever
- 9 Valuation Mistakes and How to Avoid Them
- Transform Your Business with Dr.Deming’s 14 Points
Andrew’s online programs
- Valuation Master Class
- How to Start Building Your Wealth Investing in the Stock Market
- Finance Made Ridiculously Simple
- Become a Great Presenter and Increase Your Influence
- Transform Your Business with Dr. Deming’s 14 Points