Don’t Stop Playing the Long Game
Sep 09, 2024In today’s episode, Shannon discusses the nuances of business growth and sustainability in an episode titled "Don’t Stop Playing the Long Game." Her candid insights are a lifeline for entrepreneurs navigating their own pace in the fast-paced world of business.
Shannon opens by sharing her experiences in various entrepreneurial communities, emphasizing the importance of focusing on one’s own journey. She admits it’s easy to compare ourselves to others, but stresses that this comparison often detracts from our own progress. Instead of envy, Shannon shifted her mindset to see rapid success stories as learning opportunities.
Drawing parallels to the "Tortoise and the Hare" fable, she assures that moving at your own pace is entirely okay. "The velocity at which you achieve success is also the velocity at which you could lose it," she explains, underscoring that quick success can be precarious without a solid foundation.
Shannon recounts tales from mastermind groups where many achieved quick success but struggled to sustain it. She cites Warren Buffet’s wisdom: "When the tide goes out, you find out who’s swimming naked," emphasizing the need for robust systems and habits over quick fixes. She believes in the long game, where sustainability trumps speed.
A significant portion of Shannon’s discussion focuses on the pitfalls of ego. Success can create a false sense of security, leading entrepreneurs to ignore market signals and resist adaptation. Shannon advises entrepreneurs to focus on personal and business goals without being swayed by others' success.
She also reminds listeners that being an entrepreneur involves more than excelling in your trade. It means embracing the role of a business owner, staying attuned to market trends, and continually adapting. Shannon emphasizes that conditions are temporary and that successful entrepreneurs are those who can pivot and thrive in changing environments.
Shannon concludes by acknowledging the emotional rollercoaster of entrepreneurship. For those needing a boost in their financial mindset, she offers a five-day financial mindset refresh via email. This tool helps recalibrate and reboot, offering much-needed clarity to stay on track.
In "Don’t Stop Playing the Long Game," Shannon underscores the importance of sustainable growth, adaptability, and focusing on one’s own business journey. Her reflections serve as a beacon for entrepreneurs striving for long-term success. As Shannon advises, put in the reps, build adaptability, and play the long game for rewards well worth the effort.
What you'll hear in this episode:
04:56 Avoid shortcuts, invest in sustainable tools instead.
08:06 Set focused goals, listen, adapt, and deliver.
If you like this episode, check out:
Why You Should Tell Your Kids to Study Accounting
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5-Day Financial Mindset Refresh: https://www.keepwhatyouearn.com/refresh
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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
