Episode
#083 - Business Principles 101
1:04:09
Published: Mon Jun 24 2019
Description
Jonny and Yusef from PropaneFitness.com join me for the start of a brand new series. We're talking all things careers and entrepreneurship as we call on our combined 30+ years of operating and failing at business. Expect to learn how you decide whether to stay in your job or leave to do your own thing, the inception stories behind PropaneFitness and Voodoo Events, our thoughts on how helpful a university education is in giving you skills for business, and a lot more. I really enjoyed recording this episode, expect to see many more of these in future! Extra Stuff: Anton Kreil on Teachers - https://youtu.be/hzFl0uDwAQY?t=1919 Check out everything I recommend from books to products and help support the podcast at no extra cost to you by shopping through this link - https://www.amazon.co.uk/shop/modernwisdom - Get in touch. Join the discussion with me and other like minded listeners in the episode comments on the MW YouTube Channel or message me... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/ModernWisdomPodcast Email: https://www.chriswillx.com/contact
Chapters
The Modern Wisdom Podcast is starting a new series focusing on entrepreneurship and careers.
00:00 - 02:03 (02:03)
Summary
The Modern Wisdom Podcast is starting a new series focusing on entrepreneurship and careers. The host promises great guests in the future, but for the next few weeks, listeners will learn about business principles.
Episode#083 - Business Principles 101
PodcastModern Wisdom
The host is inviting the audience to suggest specific business areas they want to hear about or advice they need for their entrepreneurship experience while plugging in their Mint Accountant service.
02:03 - 05:46 (03:43)
Summary
The host is inviting the audience to suggest specific business areas they want to hear about or advice they need for their entrepreneurship experience while plugging in their Mint Accountant service.
Episode#083 - Business Principles 101
PodcastModern Wisdom
A gym-goer talks about their daily intake of Scottish ruled oats and how they navigate conversations with others about it in the gym.
05:46 - 08:06 (02:19)
Summary
A gym-goer talks about their daily intake of Scottish ruled oats and how they navigate conversations with others about it in the gym.
Episode#083 - Business Principles 101
PodcastModern Wisdom
The Modern Wisdom Project discusses the common issue of wanting to plan and perfect an idea before executing it, often leading to a fear of failure and inaction.
08:06 - 11:10 (03:04)
Summary
The Modern Wisdom Project discusses the common issue of wanting to plan and perfect an idea before executing it, often leading to a fear of failure and inaction. They emphasize the importance of starting and failing forward, as execution is often more valuable than the idea itself.
Episode#083 - Business Principles 101
PodcastModern Wisdom
The path to owning a business is not linear and requires the development of a specific skill set depending on the industry.
11:10 - 20:05 (08:55)
Summary
The path to owning a business is not linear and requires the development of a specific skill set depending on the industry. It's important to gain business experience before remortgaging your house to begin a venture.
Episode#083 - Business Principles 101
PodcastModern Wisdom
The most common movement into business is when individuals believe they can do something better or more efficiently.
20:05 - 25:44 (05:38)
Summary
The most common movement into business is when individuals believe they can do something better or more efficiently. Tiago and Ronnie discuss the importance of understanding business basics and prioritizing quality service.
Episode#083 - Business Principles 101
PodcastModern Wisdom
Youssef and the speaker engage in a conversation about the length of time spent in full-time education.
25:44 - 27:29 (01:45)
Summary
Youssef and the speaker engage in a conversation about the length of time spent in full-time education.
Episode#083 - Business Principles 101
PodcastModern Wisdom
The content that needs to be learned in a business degree is considered useless compared to what can be learned from successful individuals.
27:29 - 33:29 (06:00)
Summary
The content that needs to be learned in a business degree is considered useless compared to what can be learned from successful individuals. Learning and assimilating information is the useful part, but a formal education in business is in no way mandatory.
Episode#083 - Business Principles 101
PodcastModern Wisdom
In this snippet, a YouTuber talks about the early days of making money on YouTube with viral videos like Power Thirst and how it led to their earning thousands of pounds.
33:30 - 36:59 (03:29)
Summary
In this snippet, a YouTuber talks about the early days of making money on YouTube with viral videos like Power Thirst and how it led to their earning thousands of pounds.
Episode#083 - Business Principles 101
PodcastModern Wisdom
The speaker didn't train and had to create a list of interests to achieve his goal.
36:59 - 40:29 (03:29)
Summary
The speaker didn't train and had to create a list of interests to achieve his goal. This list can be observed in the videos where the speaker and his colleague start looking more alike.
Episode#083 - Business Principles 101
PodcastModern Wisdom
The speaker shares a lesson on how automation can improve a service, highlighting that relying solely on manual labor can hinder a business in the long run.
40:29 - 45:14 (04:44)
Summary
The speaker shares a lesson on how automation can improve a service, highlighting that relying solely on manual labor can hinder a business in the long run.
Episode#083 - Business Principles 101
PodcastModern Wisdom
The CEO of Facebook, Mark Zuckerberg, has been spotted checking and debugging codes on his social media platform.
45:14 - 48:28 (03:13)
Summary
The CEO of Facebook, Mark Zuckerberg, has been spotted checking and debugging codes on his social media platform. Meanwhile, a casting couch meme circulated on Facebook has become popular among the UK youth.
Episode#083 - Business Principles 101
PodcastModern Wisdom
In this episode, the speaker explains that unless you are a club promoter, distributing flyers to random people is futile and a waste of resources.
48:28 - 51:12 (02:44)
Summary
In this episode, the speaker explains that unless you are a club promoter, distributing flyers to random people is futile and a waste of resources.
Episode#083 - Business Principles 101
PodcastModern Wisdom
In this episode, the hosts discuss the potential of virtual reality technology in business, including the possibility of using VR to change the appearance of a room and the potential for creating a business in areas like finance and accountancy.
51:12 - 54:04 (02:51)
Summary
In this episode, the hosts discuss the potential of virtual reality technology in business, including the possibility of using VR to change the appearance of a room and the potential for creating a business in areas like finance and accountancy.
Episode#083 - Business Principles 101
PodcastModern Wisdom
The speaker discusses why it's illogical to work in a job that you don't enjoy simply because it's safe, using the example of starting a business.
54:04 - 59:12 (05:08)
Summary
The speaker discusses why it's illogical to work in a job that you don't enjoy simply because it's safe, using the example of starting a business. He encourages people to follow their passions and do what they love instead.
Episode#083 - Business Principles 101
PodcastModern Wisdom
The idea of finding a career that doesn't feel like work is a common goal for many, but it's important to recognize that even enjoyable tasks can still be challenging.
59:12 - 1:02:29 (03:16)
Summary
The idea of finding a career that doesn't feel like work is a common goal for many, but it's important to recognize that even enjoyable tasks can still be challenging. James Clear suggests finding something that feels like play for oneself, but may not necessarily come off as play to others.
Episode#083 - Business Principles 101
PodcastModern Wisdom
The host invites listeners to ask questions related to Facebook ads, staff management, problem solving, emotional control, scaling businesses, pricing strategy, and club promotions, promising to answer them in future episodes.
1:02:29 - 1:03:54 (01:25)
Summary
The host invites listeners to ask questions related to Facebook ads, staff management, problem solving, emotional control, scaling businesses, pricing strategy, and club promotions, promising to answer them in future episodes. He also teases an upcoming experiment in which he will show listeners how to whittle away their wage.