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Welcome back to the Entrepreneur Studio Podcast.
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I'm Steven Roach.
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I'm the producer of the show, and I'll be your host for this episode.
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Today, we're following a through line that showed up in conversation after conversation all throughout season four.
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We'll revisit standout moments from Seth Godin, Mark Manson, Tina Robinson, Dr.
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JJ Peterson, and several others.
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As I reflected on these conversations, I noticed something.
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Different guests, different industries, but one idea that kept coming up.
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What you do matters more than what you say.
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So we're gonna start with the inner work, what you really want and what's getting in your way.
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Then we're gonna look at the bold bets that come with building something exceptional, how trust gets earned through the stories we tell, the promises we keep, and the choices we make when no one else is checking on us.
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Because building a better business isn't just about what you intend to do, it's about what you actually do.
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It's about both the mindset behind the action and the action you take to get it done.
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Let's dive in.
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Decision making is an essential part of running a successful business.
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Every day, entrepreneurs make countless decisions that shape the direction of their organizations, their brands, and their futures.
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But when it comes to putting our intentions into action, nothing reveals our true motivations quite like our patterns of behavior.
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In this first clip, we revisit best-selling author Mark Manson from our conversation on the psychology of making better decisions.
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Now, there is a real value in speaking out what we want and verbalizing the goals and intentions we have for our business.
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But Mark argues that our behavior says more about what we really want than our words ever could.
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His starting point is a surprising one.
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Instead of asking what you want, ask what you're willing to give up in order to get it.
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Take a listen.
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We all want money and we want, you know, to be admired and to be popular and all sorts of stuff.
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But like the real question is what are we willing to give up?
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What opportunities are we willing to pass on?
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What struggles are we willing to take on?
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That really
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kind of dictates who we are as a person.
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And in my opinion, it also dictates what sorts of results we get in life.
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If you look at anybody who becomes excellent at any sort of skill set or or vocation, right?
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Like it is probably because they actually enjoy the challenges of that particular skill or or or occupation.
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But what you see over and over again is that people tell themselves that they they they should want something, and they don't want to admit that they don't actually want to, you know, bear the costs or make the sacrifices to have that thing.
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And so it's almost like they they'd rather like it's they want to want this something.
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Whereas if you actually wanted the thing, you would also want the costs associated with the thing.
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I'll give you a really tangible example of something that probably everybody will relate to.
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So I have a friend, he's in his late 30s, he wants to settle down and start a family, right?
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He's single, he's had a number of long-term relationships, he's he's dating again, and he's very explicit.
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He's like, I want to settle down, I want to start a family.
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But when you actually go hang out with him and spend a weekend with him, right?
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He is still acting like a 25-year-old in a frat house.
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Like that is kind of his lifestyle, his mindset, the way he sees girls, the way he sees dating.
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Um, he hasn't totally grown up yet.
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And so it's a bit of a conundrum because if you ask him, like, what do you want?
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He'll say, I want to settle down and have a relationship.
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But then he's out till 4 a.m.
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on Friday night and he's uh, you know, ditching a really nice girl because she's too boring for him, right?
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And it's it's like, well, clearly you don't want that.
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Because if you did, you would be behaving differently.
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And so there's often a mismatch between our thoughts and the verbal desire and the actual behavior, right?
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And it's like the behavior is what you actually want, and if your behavior is not lining up with the things that you say you want, then you're probably just kidding yourself.
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If our thoughts are not lining up with our behaviors, then we might just be kidding ourselves.
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In other words, our behavior reveals what we actually want.
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And if wanting something means wanting the cost that comes with it, then the next question is: what gets in the way of us paying that cost?
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For a lot of us, it's the voice in our own head.
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Tina Robinson is the founder of WorkJoy Executive and Leadership Coaching.
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We spoke with her live in Orlando, Florida about imposter syndrome and the inner critic that we all face.
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In our conversation, Tina shares a personal story about a moment when her own inner critic took over.
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And then she offered a simple three-step framework to help us recognize that inner voice, challenge its influence, and move forward with greater confidence when that self-doubt creeps in.
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Take a listen.
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I'm a simple girl.
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My brain is full, so if I can do having have any kind of structure in threes, I think that's a fabulous day.
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So it was frame, name, and tame your inner voice, inner critic, inner gremlin.
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So framing it is understanding it.
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When is it loudest?
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Is it when I'm on the cusp of doing something new?
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Is it when I am having to work with leaders?
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Is it when I have to present?
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Is it when I'm tired?
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Is it when I've just been promoted?
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Like really starting to understand when is it louder, when is it quieter?
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Because when you frame something, you give it structure.
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And that's helping you understand it.
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Because then the next step is to name it.
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And this is a very human thing for us to name something.
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We it gives us more power over it.
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So if anybody's heard of Harry Potter, you know, it was like a little book that came out.
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Um, I read all of them, I've read them way too many times.
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Slightly obsessed.
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Ravenclaw, all the way.
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I know.
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Professor Dumbledore insists that they call the villain by his name Voldemort rather than he who shall not be named.
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Because he said, whenever we don't call him by his name, we give him power over us.
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So naming your gremlin is really important.
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And so mine is named Bert from Sesame Street.
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Mine is Frank, actually.
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Is it really?
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Yeah.
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Where did Frank come from?
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I I I have no idea.
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I I may my my grandfather was named Franklin, but he was a nice guy.
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I don't know where it came from, but I'm like, you're Frank, bro.
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Yeah.
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Similar playbook here.
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And so it gives you a little bit more power because you can't take it as seriously when you call it Frank.
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Yeah, you can't.
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So mine's Bert from Sesame Street, who was always serious one, had to be perfect.
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Ernie, you know, stop goofing around.
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You know, life's too short.
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You know, no more joy.
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We have to do things right and properly.
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Yeah.
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And I'll and I'll sometimes I'll just go, oh, Bert, shut up.
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Like give it a break, right?
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And it de I don't know, uh just depowers it, which is not a word, but just somehow takes a little bit of the sting out of it.
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So I had my massive audience pair up and talk.
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And then I called on people and I asked for, you know, hey, what's the name?
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And somebody raised their hand and I said, yes.
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He goes, Lindsay.
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I said, okay, very specific.
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Where'd that come from?
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My ex-wife.
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And I went, she's not here.
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Is she no?
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He's like it's just a very familiar voice.
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So, oh, that was so powerful.
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And people chose, you know, childhood nemesis, they they chose characters.
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I people stop me in the hall and go, I thought of the perfect name.
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And you're right.
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When I call it the name, it's a little bit less scary.
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And then the last one is taming it.
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And that goes back to if anybody remembers the 80s movies Gremlin.
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So do you remember the three rules what you couldn't do with a gremlin?
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I don't remember.
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Are we allowed to ask the studio audience?
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Of course.
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Studio audience, what are the three things you could not do with water, feeding it after midnight, and light, sunlight.
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Because if you do any of those things, you're either it it's going to cause it to grow or somehow, you know.
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And so each of those is about nourishing your gremlin.
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And so if you water it, you're nurturing it.
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You're allowing it to grow.
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If you feed it, you're allowing it to grow.
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If you give it sunlight, you're allowing it to grow.
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So it's thinking about, I mean I think it was a deceptively deep movie.
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Yeah, I know.
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But I think we unintentionally feed it when we say, You're right, I am a failure.
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You're right, I was an idiot, you're right, uh, maybe I shouldn't be a speaker because real speakers don't forget their pants.
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What stands out to me from what Tina's saying is that we don't have to silence the critic, we just have to stop feeding it.
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And once that voice is quiet enough to act, the next challenge is what we do when the world doesn't cooperate.
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Every business owner knows that we have to expect the unexpected and prepare for the pivots that we can't see coming.
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Blake Lawrence is the co-founder of OpenDORS, the athlete marketplace and NIL technology company.
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And in this clip, Blake shares the story of when he told his first investors that to make OpenDorse a billion-dollar company, they'd have to do something illegal.
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Because at that time, college athletes couldn't legally be paid yet.
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So they spent years building for an industry that didn't exist.
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Take a listen as Blake's shares when that bet started to pay off, and then what he did when it nearly fell apart.
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2019, we're five years into venture capital funding.
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I keep telling him, like, hey, we're prepared for a future that's not here yet.
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And we get a letter in the mail from the NCAA, the largest governing body in college sports.
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And it's a letter that says, We are contemplating paying college athletes, like letting them get paid.
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You are the only person that's built technology for this industry.
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Can you come meet with us?
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And so that bet, a five-year bet, paid off when we got that letter.
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So we met with the NCA, joined the working group, and we built the infrastructure in that pitch that we won.
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We won the RFP to be the back end that every single transaction that the NCA was going to allow 500,000 athletes to do had to go through our platform.
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So we won that RFP.
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Again, the bet paid off.
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And then the day before NIL went live, something happened.
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July 1st, 2021.
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So we're coming up on five years of college athletes being able to make money.
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So when you hear the word NIL, just think college athletes getting paid.
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That's what that means.
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The schools can pay them now, but back in 2021, it was, hey, everyone but the schools can pay.
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And the NCA, when we won that RFP, was going to say every athlete that gets paid has to disclose this transaction through this platform open doors that becomes like the clearinghouse to track and see like, is this the school paying the athlete or someone else?
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June 30th, 2021, we are 24 hours from actually going live.
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We get a phone call from the NCAA saying we got to pull the plug.
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And we've sent spent several million dollars building this platform on spec.
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We're like, hey, can we sign this contract?
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Like, we can't sign the contract until the rules change.
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Okay, so the rules are changed in July 1st.
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So we're gonna get paid on July 1st, right?
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June 30th, they pulled the plug.
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No clearinghouse, the lawyers wouldn't allow it.
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They were fearful of litigation.
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And so we're sitting there having put a tremendous amount of effort in winning this RFP, building up the infrastructure, telling our investors that we had won and we simply lost.
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And it was outside of our control.
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And that would be a moment where most people just run away.
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But the calendar flipped over to July 1st, 2021, and we had 100,000 athletes we had to go help.
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So we didn't run away.
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We just leaned into monetizing in different ways.
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But that journey from having a vision that this could happen to it becoming a reality to winning it, to setting the rules and then not being able to win that day kind of sets you back as a founder and entrepreneur.
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But again, that's not unique to me.
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Every founder has those stories.
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Blake is right.
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Every founder has stories like that one.
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But what stands out to me about Blake's story is how he responded to an impossible situation.
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The calendar flipped to July 1st, a hundred thousand athletes still needed help, and they didn't run away.
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That's the inner work and turning it into action.
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Next, I want to shift from the inner work and how we build to how we get heard.
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Messaging strategist and founder of Conscious Brand Agency, Dr.
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J.J.
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Peterson, talks about why story works and why so much marketing gets ignored.
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Because we can do the inner work, we can build an innovative business model, but if no one hears our story, all the work we've done gets cast aside.
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In this clip from our conversation on why story works, Dr.
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JJ Peterson makes the case that the goal isn't to be liked or even to be entertaining.
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The goal is to be remembered.
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Right now, everybody is looking for that little advantage in the marketplace of trying to help people stand out.
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And I will say, and I'm a little biased because I've been studying this for about 20 years, but story is your advantage because story is what we call a sense-making device.
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It helps bring clarity to information, right?
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So, like if we're watching a Jason Bourne movie, we don't see what Jason Bourne eats for breakfast.
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He eats breakfast every day of that movie.
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We do not see it because that's information that's not important to the story, right?
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Or Jason Bourne probably has thoughts and insecurities that are happening in the morning.
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He might even journal and meditate.
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All of that stuff happens throughout the day.
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It's information in his daily story.
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It's not good information for a story.
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So when you you have to understand, like everybody has going back to say a brand or a leader, we show up often as brands and we have so much information about our brand and our product that we're trying to put it all out there in a way that we think is important because we're like, well, this is really important for people to hear.
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This is really important for people to hear.
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And in reality, when you're doing that, people are ignoring all of that information because it doesn't actually make sense in the context of a good story.
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What you have to do in order to not be ignored is understand how good stories work.
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Stories are actually formulaic.
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And it's not about being entertaining, it's not about even being uh liked, it is about being remembered.
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And if you are not remembered, then you
will be ignored in the marketplace.
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And the way that you help people remember your story is by actually following a very specific set of rules.
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Because when you follow those rules, it gets rid of all of the noise, makes the story about your customers' journey, and invites them into a story they can understand.
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And then that is what is going to help you be remembered.
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It's weirdly enough, the story is not about you.
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The story is about your customer being invited into a story that they get to be the hero of.
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And when you understand the rules of story and understand how to organize information in a way that makes your customer the hero of their own story, that's when you will be remembered.
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Everybody else, you throw out a bunch of information, facts, you are like Jason Bourne's breakfast.
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It doesn't matter in the story.
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You will be ignored.
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So my takeaway from Dr.
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JJ Peterson is that when we understand that the story isn't about us, but that it's about the customers being invited into a story where they become the hero.
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The next question then is how do we keep the story believable?
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And what is the one characteristic in telling the story of our business that sets it apart from the noise?
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My answer would be that what makes our story believable is authenticity.
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But marketing expert Seth Godin, he has a different take on the matter.
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I was totally waiting for you to ask me about authenticity because authenticity is a croc.
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Authenticity is overrated, authenticity is a trap.
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Authenticity is for your best friend, authenticity might be for your family, authenticity is not for your customers.
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Because if your surgeon is authentically in a bad mood, you don't want them to do a lousy job on your knee implant, right?
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If you go there and they're in a really bad mood, you don't want them to spill syrup all over you.
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Authenticity is not what you're asking for.
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You're asking for consistency.
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Consistency is what professionals do.
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Consistency is what we buy when we pay money to a brand or a company or a small business.
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Consistency is what your employees want when they get paid, right?
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They don't want the check to come Wednesdays and sometimes on Fridays and sometimes be a little higher.
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They want it to be consistent.
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So as soon as we can say, and actors have no problem with this, right?
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George Clooney doesn't say, oh, George Clooney would never say that.
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Because he's not George Clooney, he's an actor.
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Small business says we're looking at a customer and we're saying we make these ballet slippers and we think they will help you.
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But they don't actually do ballet.
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They're 60-year-old white guys with ballet, making something for someone else.
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Empathy.
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So what we're looking for is the ability, the commitment to a fake authenticity that is called consistency.
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To say no matter which angle you look at us from, we're gonna be like this.
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We're not gonna talk about you behind your back, we're not gonna manipulate you, we're not gonna sneak things into the contract when you're not looking.
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We're gonna be consistently the people we say we are.
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And if you want to go home and do some other weird thing, that's on your time.
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But when we're here, we're consistently doing the thing we promised, and we don't care about being authentic.
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All right, everyone, this concludes our recap from season four.
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And as we go, I want to invite you to take Mark Manson's question with you.
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Are my daily actions lined up with what I say that I want?
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And take Tina's advice to quiet the inner critic, name it, give it a framework, and keep going when the plug gets pulled, as we saw in Blake Lawrence's story.
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Make your customer the hero, like Dr.
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J.J.
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Peterson showed, and keep your promises, stay consistent like Seth.
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Huge thank you to every guest who sat down with us this season, and especially to you for listening and sharing the podcast.
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We'll be taking a short break as we prepare our next batch of conversations geared to help you run and grow a better business.
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If any of these clips caught your attention, the full conversations are waiting for you on YouTube, Apple, Spotify, and wherever you get your podcasts.
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You can find links in the show notes of this episode.
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I'm the producer of the show, Steven Roach, and this has been the Entrepreneur Studio Podcast.
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We'll see you again soon.