The Entrepreneur DNA

Follow Taylor on Instragram @taylorawelch Listen to 'Daily Mind Medicine' on all listening platforms or go to dailymindmedicine.tv Watch this episode on Youtube at justincolby.tv   In today's episode, Taylor Welch, a renowned figure in the consulting industry, shares his tumultuous journey from establishing a consulting business with annual revenues surpassing $30 million to facing a government lawsuit and ultimately rebuilding his empire. Welch and I delve into personal stories of parenting, contrasting their children's distinct personalities and discussing the impact of fatherhood on their lives. The conversation transitions into Welch's professional setbacks, including a significant legal battle with the government over a scam within his company, which led to a comprehensive investigation by the Federal Trade Commission (FTC). Despite these challenges, Welch highlights the importance of resilience, the value of learning from failures, and the crucial role of retention and strategic pivoting in business growth. He emphasizes the significance of embracing failure as a stepping stone to success, underscoring his journey of rebranding and providing insights into his innovative approaches to entrepreneurship, marketing, and building sustainable business models through retention and valuable relationships.     Taylor is the founder of Welch Equities and the Wealthy Consultant. He consults & manages a portfolio of brands and clients making the world smarter, happier & healthier. His first brand reached a combined value appraisal of 78 million dollars and today services nearly 10,000 customers and clients yearly. Tune into his content and projects at taylorawelch.com/links and enjoy. 

I’ve got Patrick Tromley on the podcast today! His story is all about ditching the 9-to-5 grind in the mortgage biz for something way more fulfilling – running his own show and making a real difference. Starting off feeling pretty stuck, Patrick dove deep into self-help, hitting the gym, and figuring out what really makes him tick. It wasn't just about making bank but finding that sweet spot where work feels like play, and making an impact feels like breathing. He got into the nitty-gritty of personal growth, throwing in some solid life and family leadership hacks along the way. Patrick and I dropped some wisdom on how important it is to just be with your thoughts, face your demons, and do good stuff without waiting for a pat on the back. It's about waking up before the sun, sticking to your guns, and never letting go of that growth mindset, even when things get tough. Patrick's journey is a masterclass in leveling up your life game, from mastering intermittent fasting to juggling family life like a pro. He's inviting everyone to join the ride, promising loads of inspiring tales and life lessons on how to be your best self. So, if you're looking to shake things up and get serious about where you're heading, Patrick's your guy.   Patrick Tromley showcases a journey from wandering without direction to embodying meaningful transformation. Once navigating through life without a clear purpose, Patrick has charted a new course marked by significant personal growth. Embracing a lifestyle of discipline, positivity, and intentional living, he's cultivated a mindset as resilient as a lighthouse against the storm. As a remarkable husband and father, Patrick prioritizes purpose above all. He's passionately guiding other men to enhance their lives, ensuring they become steadfast supporters of their families through mindset, nutrition & fitness.  Patrick's story, coupled with the transformative impact of his coaching, promises to inspire those he comes into contact with.

Meet Pace Morby, host of A&E’s most popular TV show ‘Triple Digit Flip’ and one of the most creative real estate investors on the planet! Using dozens of non-traditional strategies called Creative Finance, Pace has acquired 1,000’s of doors nationwide and built a portfolio totaling over $450 million in assets. Each week, Pace teaches tens of thousands of students in his online communities which is becoming the #1 source for anyone looking to get started in real estate utilizing Subject To, Seller Finance and the Gator Method!     We dive deep into the rollercoaster of building kick-ass businesses, with a spotlight on the wild realms of real estate and construction. I spill the beans on my real estate adventures, eager to share the wisdom I've picked up, and can't hide my admiration for Pace Morby's extremely impressive and successful business. Pace opens up about climbing out of tough spots to make a name in real estate, emphasizing creativity and resilience. He shares his saga of starting a construction biz from scratch, facing down bankruptcy, and pivoting on a mentor's advice. We also riff on seizing COVID opportunities, leading to Pace's staggering $450 million net worth, despite the debt drama. The convo gets real about the importance of giving back, the art of patience, and how empowering our teams turned things around overnight. I get into the nitty-gritty of scaling challenges and the quest for a top-notch team, while Pace talks about the power of community, resilience, and genuine connections at networking events. Wrapping up, we touch on staying hungry for success, with Pace eyeing billionaire status while juggling family life, embodying the essence of chasing dreams, staying real, and breaking barriers.

Sean Whalen and I delve into entrepreneurship and life perspectives. We emphasize finding gratitude and purpose in daily life, regretting missed opportunities, and prioritizing personal fulfillment over traditional success metrics. Our discussion underscores the importance of self-awareness, taking risks, and being honest about one's desires. We advocate for personal responsibility, urging individuals to overcome challenges and pursue their dreams. Sean's journey from coaching to real estate investing is highlighted, emphasizing the value of mentorship and being coachable. Financial commitment and action are deemed crucial for personal growth and success. The endorsement of Whalen's coaching program by a friend underscores its positive impact on mental, spiritual, and physical well-being.

Kent Clothier and I discuss entrepreneurship and coping with economic uncertainty, emphasizing the importance of focusing on day-to-day operations, resilience, and surrounding oneself with experienced individuals. We encourage setting realistic goals, visualizing success, and taking action, while cautioning against perfectionism and unrealistic expectations. We also stress the significance of living in the present, gratitude, and taking bold action. 

Delve into the journey of Dan Fleyshman, the youngest founder of a publicly traded company in history turned angel investor in 43 ventures. Through captivating dialogue, Fleyshman reveals the relentless drive and personal sacrifices demanded by entrepreneurship. From forsaking personal milestones for business milestones to the exhilarating highs of scaling ventures and launching chart-topping podcasts, the narrative oscillates between the allure and challenges of building empires. Fleyshman’s insights on branding, marketing, and the transformative power of personal branding illuminate the path for aspiring entrepreneurs. Beyond wealth accumulation, Fleyshman’s vision extends to philanthropy, aiming to tackle homelessness and basic human needs. Amidst discussions on financial strategy and investment, Fleyshman’s wisdom underscores the significance of perseverance and strategic vision in navigating the tumultuous landscape of business and life.

In this insightful discussion, Ari Rastegar underscores the transformative impact of prioritizing people over transactions in real estate investing. He highlights the crucial role of human interaction, arguing that technology should enhance rather than replace it. Emphasizing empathy, we delve into the keys to success, from effective communication to obsession-driven entrepreneurship. The conversation delves into the significance of health, productivity, and the delicate balance between success and failure. Ultimately, it's a journey that celebrates the human touch in the realm of real estate entrepreneurship.

Brad Lea's entrepreneurial journey is a captivating tale of transformation from humble origins in Cottage Grove, Oregon. Growing up in a blue-collar family, he honed his selling skills from a young age and eventually founded a company to train others. A pivotal moment came when he helped a struggling acquaintance achieve significant monthly earnings through sales training, inspiring them to start their own business. Emphasizing the importance of self-esteem and an abundance mindset, Lea discusses the need to educate individuals on breaking out of the rat race. We delve into the significance of partnerships in business, the balance between quick success and prolonged dedication, and the challenges of blending work and family life. Throughout, Lea shares personal anecdotes, strategic insights, and candid reflections, offering a comprehensive guide to success and legacy-building in the world of entrepreneurship.

Andy Elliot advocates for achieving top-tier status in one's industry by focusing on mastery in a singular area rather than diversifying efforts. Throughout the conversation, there is a recurring emphasis on the significance of constant self-improvement, resilient mindsets, and strategic team building. Marketing strategies and return on investment are explored, underscoring the crucial distinction between marketing and sales. The importance of leadership, inspiration, and fostering a positive culture is discussed, with a shared commitment to prioritizing people over short-term gains. We delve into personal growth, mindset development, and financial wisdom, stressing the importance of perseverance, continuous learning, and aligning decisions with long-term goals. This collective wisdom forms a comprehensive guide for aspiring entrepreneurs seeking success through focused, resilient, and strategic approaches.  

In this engaging discussion, Grant Cardone and I share our entrepreneurial journeys, emphasizing early struggles and the importance of relentless self-improvement. Cardone attributes his success to studying influential figures like Douglas Edwards and Zig Ziglar. The conversation delves into topics such as credit card use, education choices, and overcoming financial challenges. We share insights on entrepreneurship, risk-taking, and career growth, drawing from personal experiences in car sales, real estate, and managing financial struggles. Our discussion culminates in predictions for the real estate market, including insights on debt, potential market corrections, and strategies for successful investing. The title captures the essence of their dialogue, encapsulating the evolution from adversity to triumph, coupled with valuable financial insights and foresight into the real estate landscape.