Passion Over Profits
Profits are essential to running a business long-term but if you base your model off of profit first, you're going to have a hard go of it when things become messy.
I am fortunate to get to speak to many different people at different stages on the business journey through the FlowCast and in having started Flow Spa this year. One thing that stands out across the board is where people as it relates to passion versus profits.
Particularly if you're starting a business from the ground up, passion is crucial in my opinion. You certainly can build a business solely around profits in the monetary sense but be prepared for the grind to feel that much harder. This is a topic that Si Grobler and I got into on the FlowCast this week.
Si is working on his MBA and teaches a university course in social enterprise; a different way of operating revenue-generating businesses.
Public companies over the last forty years have been all about maximizing shareholder value. Pumping up the stock prices superseded virtually everything else so that the shareholders were kept happy.
Times are changing though.
Consumers are demanding more out of the companies that they support and this has led to a new lean towards maximizing stakeholder value. There's a lot of greed at the top in big business so it's going to be a long road to see this shift actually come into place.
Fortunately, more entrepreneurs are getting started with a passion-first perspective and as the businesses of the past decade or two continue to grow and spread their own newfound wisdom, more businesses will be inclined to follow suit.
So if you're looking to get into business and see it as something to be passionate about, there's plenty of help to be found in your local communities.
Be Content, Not Complacent
Envy is a pernicious emotion.
It’s harmful to your sense of well-being, your reputation, your business, and your flow, which is why we’re talking about it on this week’s episode of the FlowCast.
Much like comparison, most of us realize that we should work on feeling envy less often and less intensely as an emotion.
Listen in as we discuss the negative repercussions of envy on flow in this week’s podcast.
There were a few key takeaways that you can work on implementing right away to eliminate envy:
Create before Consume.
Box off your creative work at a time where it won’t be influenced as much by outside sources.
Know what you actually want for yourself.
Is that shiny thing your friend has going to make you happier?
Find contentment in the present moment but don’t get complacent.
Mindfulness and flow will help you to overcome a lot of negative emotions including envy.
Find out more about these tips and other strategies by tuning in to the FlowCast.
The Power of Success
“Did you know that Tony Robbins burns 11,000 calories a day when on stage?”
It’s hard to imagine, so I knew I had to see this kind of performance for myself.
Bob told me that if I ever get the chance to see Tony Robbins live, it’s well worth the cost of admission.
Last week I had the chance to make this long-term goal a reality as Tony Robbins was the keynote speaker at the Power of Success seminar in Toronto. If you’re at all familiar with Tony, his stage presence is exactly what you have seen, whether from a seminar clip online or the Netflix documentary I Am Not Your Guru.
I had a great experience and felt energized for the entirety of the 14-hour day and some of the most valuable lessons that I learned from Tony are the topic of this week’s FlowCast.
Give it a listen, there are many great lessons to learn from it around the topic of success and peak performance.