Episode 70
In today’s episode, David will share his failed business experience and the lessons he learned from it. He realized later on, which you should realize as early as now, that just because you can do something doesn’t mean you should do it. You should consider this thought especially if you also want to fire the man. David is willing to try this business again, though, but this time, he’ll do some things differently.
Listen to this episode and learn from this failed e-commerce business!
[00:01 - 01:52] Opening Segment
[01:53 - 10:19] Woodworking Business
[10:20 - 21:07] Lessons from David’s Failed Business
[21:08 - 23:54] Closing Segment
Tweetable Quotes:
“If your goal is to fire the man, get a good understanding of how much annual cash flow you’re gonna need or even monthly cash flow or weekly cash flow.” - David Schomer
“When you learn a tough lesson firsthand, it sticks.” - David Schomer
“I think when you get emotions into business, it’s to the detriment of yourself, your time.” - Ken Wilson
Resources Mentioned:
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