Rob Interviews Dr. John F. Demartini, a Leading Authority on Human Behavior & Featured on 'The Secret' [Business, mindset, entrepreneur, disruptors]
May 9, 2016
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Dr. John F. Demartini, a leading authority on human behavior and featured in 'The Secret', dives into the essence of entrepreneurship. He emphasizes the importance of doing what you love while balancing altruism with personal gain. Demartini shares his entrepreneurial journey, detailing the complexities of working with family. He discusses the role of meaningful challenges in fostering growth and how prioritization can lead to deeper fulfillment. Mistakes are framed as vital learning experiences, and he highlights the impact of community on entrepreneurial success.
Entrepreneurship is a balance of fulfilling personal values while addressing community needs, fostering both individual success and societal advancement.
Navigating the relationship between profit and altruism is vital, as true generosity involves recognizing the importance of fair exchanges in business.
Resilience in entrepreneurship is cultivated by embracing challenges and aligning with personal values, leading to greater opportunities for growth and success.
Deep dives
Defining Entrepreneurship
Entrepreneurship is characterized as the process of identifying and filling market needs with innovative ideas and services. It involves recognizing potential demands within the market and creating a supply that meets those needs, establishing a symbiotic relationship between entrepreneur and consumer. The essence of entrepreneurship lies in fulfilling both one’s own values and those of others, illustrating that successful entrepreneurs also prioritize serving the community alongside personal gain. This innovative spirit, combined with the willingness to take calculated risks, is what drives economic growth and societal advancement.
Balancing Money and Altruism
The relationship between making a profit and aiding others is explored as a delicate balance between self-interest and altruism. Entrepreneurs must navigate their internal motivations while ensuring fair exchanges in their business transactions, as a lack of equilibrium can lead to dissatisfaction for both parties involved. Charity is critiqued as often being a compensatory act aimed at relieving guilt, rather than a sustainable solution to support the needy. Therefore, making entrepreneurs aware of the need for a fair exchange can cultivate a mindset that emphasizes accountability and true generosity.
Embracing Challenges
Embracing both the upsides and downsides of entrepreneurship is crucial for long-term success, as challenges spark personal and business development. Living authentically and aligning with one's values motivates individuals to overcome obstacles, transforming potential setbacks into opportunities for growth. This notion is emphasized through the lens of chaotic experiences that ultimately lead to order and greater achievements in one’s entrepreneurial journey. Individuals who confront and tackle these challenges head-on tend to become more resilient and successful in their endeavors.
Prioritization for Success
Effective entrepreneurship hinges on the ability to prioritize tasks and delegate responsibilities efficiently. By identifying high-priority activities that align with personal passions, entrepreneurs can focus their energy on areas that offer the greatest potential for success and fulfillment. This practice leads to increased productivity and allows for better management of time and resources. Recognizing the importance of delegation frees entrepreneurs from being consumed by low-value tasks, enabling them to concentrate on strategic growth initiatives.
Self-Worth and Business Success
A significant correlation exists between an entrepreneur’s self-worth and their business success, as personal value often translates into market value. Individuals who acknowledge their worth and are confident in their offerings are more likely to attract clients and command higher prices. This principle is exemplified through the experiences of those who have gradually increased their fees along with the value of their services, resulting in a broader clientele and enhanced demand. Therefore, fostering a strong sense of self-worth is essential for entrepreneurs aiming to achieve long-term, sustainable growth.
Dr. Dermartini talks about the purpose of being an entrepreneur, the balance between altruism and narcissism and why it is important to do what you love and love what you do. He also shares his experience as an entrepreneur, how he started, how it is to work with family members and the upsides/downsides of working while doing what you love.
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors”