The Entrepreneur’s Paradox With Curtis Morley
Curtis Morley is a seasoned entrepreneur, educator, thought leader, patent holder, and innovator. He is the Founder and CEO of The Entrepreneur’s Paradox and is the author of the best selling book with the same name where he shares 16 pitfalls that companies make in their startup journey.
From fear and imposter syndrome, to ripping out one’s identity and draining the swamp, Curtis shares his stories and walks us through how to apply the principles in his book in this interview.
Resources
https://www.EntrepreneursParadox.com – Check out Curtis’s work
https://www.entrepreneursparadox.com/SuccessFormula – Check out the success formula Curtis discussed in the interview
https://www.amazon.com/Curtis-Morley/e/B08L8G6WFJ?ref=dbs_a_mng_rwt_scns_share – Grab a copy of The Entrepreneur’s Paradox.
Key Actionable Advice
1. Fear and imposter syndrome are common problems that all entrepreneurs face. Release yourself from these limiting emotions and beliefs by understanding that no one can be an expert at something new.
2. If you are always spending time on “wrestling alligators” by working on the day to day problems in your business instead of working on growing your business, you will be the limiting factor in your business.
3. Goals that are not tangible are not goals, but mere hopes and dreams instead. Find out your goal and whether it is reasonable with the help of the success formula (how much, by when, for what and why).
Show Notes
[2.25] Curtis Morley is a seasoned entrepreneur and he wrote “The Entrepreneur’s Paradox: How to Overcome the 16 Pitfalls Along the Startup Journey (Keys to Success for a Startup Company). The paradox is that every entrepreneur typically starts as a skilled technician and because they are good at doing something, they become the limiting factor to their business and every day they are “wrestling alligators” and fixing problems instead of growing their business.
[5.20] Curtis was inspired to be an entrepreneur at the age of 11 when he saw a 15 year old teenager who started the very first snow shack and he made $500,000.
[13.20] Curtis shares that fear and imposter syndrome are common problems that all entrepreneurs face. While his company was getting many awards and he was nominated as entrepreneur of the year, he was bogged by imposter syndrome because he did not have a degree and he was worried that he actually did not know what he was doing. He was worried that if his self-worth came externally such as from the awards he was winning, it can always be taken away from him.
[17.00] The imposter syndrome affect Curtis’s ability to operate as a business owner. After he realized that imposter syndrome was baked into every entrepreneur and that no one would be an expert in something that is brand new, he released the expectations he had on himself that he had to have all the answers and he was about the perform better.
[21.00] Curtis shares the importance of not pursuing your challenges alone. Everyone is human, has their vulnerabilities and can help each other along the way.
[23.40] If you want to grow a business, you must be aware of whether you are the limiting factor. Curtis suggests “draining the swamp” so you can clearly see the problems that you need to tackle. If you are making the product then think about teaching your employees to make it without you. If something can be learnt, it can be taught.
[29.20] Curtis notices that most of the time, entrepreneurs don’t actually have a goal, but a wish, hope or dream instead. Curtis shares the success formula which comprises how much, by when, for what and why to help
[30.50] Curtis walks us through how to apply the success formula.
[31.00] By putting numbers behind the goals, it becomes clear whether the goals are realistic.
[37.00] Knowing your “why” is important because business is hard and you need to know the reason you are pursuing it. At times, growing your business may need you to rip out your identity and reinvent yourself and this can be very hard.
[39.00] Curtis shares about how he had to reinvent himself and how painful it was for him but it was crucial for him as he needed to be able to focus on his business instead.
[46.00] Curtis is a passionate mountain climber and the lessons he learnt plays a big part of his philosophy in business?
[This transcript has been automatically generated by a digital software and will therefore contain errors and typos. Please kindly take note of this and only rely on the digital transcript for reference.]
The Entrepreneur’s Paradox With Curtis Morley
Curtis Morley is a seasoned entrepreneur, educator, thought leader, patent holder, and innovator. He is the Founder and CEO of The Entrepreneur’s Paradox and is the author of the best selling book with the same name where he shares 16 pitfalls that companies make in their startup journey.
From fear and imposter syndrome, to ripping out one’s identity and draining the swamp, Curtis shares his stories and walks us through how to apply the principles in his book in this interview.
Resources
https://www.EntrepreneursParadox.com – Check out Curtis’s work
https://www.entrepreneursparadox.com/SuccessFormula – Check out the success formula Curtis discussed in the interview
https://www.amazon.com/Curtis-Morley/e/B08L8G6WFJ?ref=dbs_a_mng_rwt_scns_share – Grab a copy of The Entrepreneur’s Paradox.
Key Actionable Advice
1. Fear and imposter syndrome are common problems that all entrepreneurs face. Release yourself from these limiting emotions and beliefs by understanding that no one can be an expert at something new.
2. If you are always spending time on “wrestling alligators” by working on the day to day problems in your business instead of working on growing your business, you will be the limiting factor in your business.
3. Goals that are not tangible are not goals, but mere hopes and dreams instead. Find out your goal and whether it is reasonable with the help of the success formula (how much, by when, for what and why).
Show Notes
[2.25] Curtis Morley is a seasoned entrepreneur and he wrote “The Entrepreneur’s Paradox: How to Overcome the 16 Pitfalls Along the Startup Journey (Keys to Success for a Startup Company). The paradox is that every entrepreneur typically starts as a skilled technician and because they are good at doing something, they become the limiting factor to their business and every day they are “wrestling alligators” and fixing problems instead of growing their business.
[5.20] Curtis was inspired to be an entrepreneur at the age of 11 when he saw a 15 year old teenager who started the very first snow shack and he made $500,000.
[13.20] Curtis shares that fear and imposter syndrome are common problems that all entrepreneurs face. While his company was getting many awards and he was nominated as entrepreneur of the year, he was bogged by imposter syndrome because he did not have a degree and he was worried that he actually did not know what he was doing. He was worried that if his self-worth came externally such as from the awards he was winning, it can always be taken away from him.
[17.00] The imposter syndrome affect Curtis’s ability to operate as a business owner. After he realized that imposter syndrome was baked into every entrepreneur and that no one would be an expert in something that is brand new, he released the expectations he had on himself that he had to have all the answers and he was about the perform better.
[21.00] Curtis shares the importance of not pursuing your challenges alone. Everyone is human, has their vulnerabilities and can help each other along the way.
[23.40] If you want to grow a business, you must be aware of whether you are the limiting factor. Curtis suggests “draining the swamp” so you can clearly see the problems that you need to tackle. If you are making the product then think about teaching your employees to make it without you. If something can be learnt, it can be taught.
[29.20] Curtis notices that most of the time, entrepreneurs don’t actually have a goal, but a wish, hope or dream instead. Curtis shares the success formula which comprises how much, by when, for what and why to help
[30.50] Curtis walks us through how to apply the success formula.
[31.00] By putting numbers behind the goals, it becomes clear whether the goals are realistic.
[37.00] Knowing your “why” is important because business is hard and you need to know the reason you are pursuing it. At times, growing your business may need you to rip out your identity and reinvent yourself and this can be very hard.
[39.00] Curtis shares about how he had to reinvent himself and how painful it was for him but it was crucial for him as he needed to be able to focus on his business instead.
[46.00] Curtis is a passionate mountain climber and the lessons he learnt plays a big part of his philosophy in business?
[This transcript has been automatically generated by a digital software and will therefore contain errors and typos. Please kindly take note of this and only rely on the digital transcript for reference.]