Listen to the full episode here:
https://hairbizradio.com/kendall-ficklin-entrepreneurship/
Summary:
On this episode of Hair Biz Radio Mikey and Zakiyrah interview guest Kendall Ficklin. He’s a speaker, author and coach on the podcast to talk about business and share tips.
Show Notes:
Follow @kendallficklin on Instagram
A lot of people don’t know how or when to get started on their business.
Kendall says start right now, it’s urgent.
The clock tells you what time it is and the hourglass tells you how much time you have left.
For a true entrepreneur, there’s no time except now.
The founder of PayPal had four failed businesses first, but he kept going.
Almost two years went by where Kendall did free speaking engagements. His first check was for $50, the next was for $100, etc.
You put in the work and you grow with it.
You’ve got to put all your money, time, effort, sacrifice, and commitment to the business.
Your business can’t take care of you until you take care of it.
90% of businesses fail within a 3-5 year period.
People who have an average, occupational mindset think they have time and they can coast. These people can’t sustain.
Most people who want to be an entrepreneur are willing to sacrifice.
Make sure your business foundation is strong before you quit your 9-5 job.
What are the three mindset shifts you need to get activated in your business:
You have to be able to get into the mindset that you’ll turn nothing into something.
You have to shift from an occupational mindset into an entrepreneurial mindset.
You have to go from mindset to “Grindset.”
You have to go from thinking like an entrepreneur to actually being one.
You have to keep motivating people yourself whether you feel like it or not.
You’re either spending time, wasting time, or investing in time.
Investing is making a conscious effort to grow your business.
If you don’t do this, you’ll be playing amateur basketball.
The definition of business owner is exchanging products and service for commerce.
What are some of your thoughts on social media?
From a personal perspective, Kendall doesn’t do social media.
His business social media is all he has.
You need to block and track your time, so you know how you’re spending or investing your time.
You need to know what your DPH (Dollar per Hour) is.
Ask yourself, am I investing this time in social media, or investing it?
You need to invest some time learning about your product
What does ͞effort level͟ look like in terms of business?
A lot of times people talk about wanting to scale, but it’s just talking.
Kendall asks them, what are the three most important areas in your life?
On a scale of 0-100%, how much effort are you putting into each of these areas?
If it’s important to you, you put in a lot of effort
You take those numbers, add them up and divide by three to get your average effort score.
Life is not one-dimensional, you have to put a lot of effort into every area of your life.
When people see that score, they’re usually shocked.
If your score isn’t high, you’re saying you want what that looks like, but you’re not willing to do the work.
Mikey sees a direct correlation between the success of his business and his health.
If you’re not healthy, it doesn’t matter how successful your business is.
A lot of people, when they think about entrepreneurship, they’re thinking about money.
The money is the last thing that comes.
The money comes after you put in the work.
You have to have the right mindset and “Grindset.”
Physically, you can’t do what you do if you don’t feel right.
If you’re having trouble going to sleep, try counting backwards.
If you could leave the listeners with one piece of advice, what would it be?
Get committed, things will shift.
When the money isn’t there and you don’t know the road to go down, you’ve got to be committed to it.
Get connected – totally and completely connect to your mission.
In order for you to get what you need to get done, you’ve got to connect with your vision.
Your vision for y
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