Latest / Success Story with Scott Clary / Lessons - Why You Need to Bet On Yourself. | Lisa Bilyeu - Co-Founder of Quest Nutrition and Impact Theory

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Lessons - Why You Need to Bet On Yourself. | Lisa Bilyeu - Co-Founder of Quest Nutrition and Impact Theory · Success Story with Scott Clary

• 0:00
  I just want to take a second and thank Cornbread Ham for supporting today's episode.
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  That's cornbreadhemp.com slash success code success for 30% off your first order of these
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  amazing gummies. In this lessons episode discover why betting on yourself is the key to success
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  even when you have no proof that it will work. Learn how embracing failure can fuel your growth,
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  why resilience matters more than initial wins and how shifting your mindset can turn
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  setbacks into opportunities. Plus here how a costly mistake led to an unexpected breakthrough
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  proving that the right perspective can make all the difference.
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  Okay so speak a lot about betting on yourself. Betting on yourself definitely becomes easier
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  after you've sort of recorded some significant wins. So let's approach this concept from somebody
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  who's betting on themselves for the first time. Waysier said than done so contacts would be
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  somebody starting their first business. How do you have the courage to bet on yourself and you've
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  never proven that you could do anything like what you're trying to do. So I had said that to my
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  husband that we bet on ourselves not I bet on him when we were taking in your trunks so he was
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  chasing money we wanted to start quest. We were putting our house up for collateral and I said
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  I bet on us. And the thing there is I'd go proof. I had zero proof that actually betting on
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  ourselves and building the company was going to work. But what I did have is I believed in myself
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  that I can keep getting back up. So I want anyone starting a new business right now just your success
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  isn't guaranteed. Nothing is but except for actually the struggle. So if you know the struggle
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  is guaranteed as I build my business are you moving towards something that's meaningful to you
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  that's where the mission comes in and then know that even if you don't succeed how are you going to
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  move forward and you get back up. How do you get back up and how do you learn from those mistakes
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  because if you start today it may take you 10 years it may take you 20 years to be what you consider
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  successful. So knowing that how do you keep moving forward you've got to get back up. That's the
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  key. So I actually have a chapter in my book called when the beep hits the fan where goggles.
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  I'm not sure if I can sweat on this podcast so I get the need to get it if you want to find.
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  So it's when the shit hits the fan where goggles the reason why I wrote that chapter is we so
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  focus on what failure means we think it means something about us we think it means that we're
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  incompetent but actually in my understanding and my interpretation because I just felt like
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  failure held me back how do I see failure as the best thing that can happen to me. So when the
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  shit hits the fan stop worrying about the shit in the fan because it will what are you going to do
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  when it happened. How do you get back up and so the perfect story that I love to give is the one
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  that hit me so hard because as you're building a company you're going to find these issues.
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  So we're building quests it's very early days we just have about enough money to hire a couple of
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  people to run our production so we were manufacturing ourselves. So for the longest time that it was us
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  manufacturing our own product we're in like literally rolling pins and we've got knives and we're
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  like you know hand-feeding the little wrapper ball with the little but pedal. So then we get enough
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  money to hire a couple of people. So we're in the offices I'm packaging all the bars I'm
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  shipping them my husband's dealing with marketing and the guy comes in and who's manufacturing and
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  he just looks definitely why and he's like I'm so sorry I'm so sorry he thinks he's about to get
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  fired and let what happened he's like I've messed up a batch of bars. Now in that moment when you're
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  building a company every little penny matters and so the batch of bars was like $5,000 which in
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  that moment I was like I'm right about to lose my house because of this batch of bars and I really
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  not have any experience not understanding that failure actually can help you propel you forward
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  I go into absolute panic mode and I start like like really panicking and my husband's just like look
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  before they just panic let's go and see what we've got. So we walk into the production facility
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  and the guy starts breaking down look I was going to make a peanut butter protein bars and then I
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  was going to do the mixed berry bars and what happened was I'm making the protein the peanut butter
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  I put the peanut butter in the peanut butter protein powder in I put in the sweetener and I
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  accidentally grabbed this the flavoring from the mixed berry bar and put it in with the peanut
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  butter I'm going to come my god this is terrible some husband's like let's just try it so we're all
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  like holding our breath so I hold in our nose like drawing this like weird concoction and then someone's
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  like ah hey slut he be in j so in a moment we go how can this be the best thing that's ever
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  instead of thinking of it as a massive failure that our company's about to break how can we
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  use this to propel us forward so we ended up wrapping them in like plain uh rappers we do a blast
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  out on Facebook because at the time we're talking about like this is like 2012 Facebook was like
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  on major marketing tool we do a blast out on Facebook and we're like new bar prototype exclusive
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  only 200 bucks is available people lost their minds the bars sold out like that
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  and so we were like wow that was kind of an interesting strat marketing strategy that we didn't
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  actually mean to do then people get the bars and everybody's raving about them they're like this
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  is the best freaking bar I've ever tasted so now you've got people talking about how amazing the
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  bar is the knock on effect of the people that didn't get the bar now have major phone mo about it
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  and they're like wait wait a minute there was a there's a pp in j bar are they how did I never try
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  I want to try it so within like two weeks we designed new rappers we get it out on the market and
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  we blast new protein bar available pp in j and that bar became on number one top selling bar at the
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  and that is how you take other failures a disaster in your company is a trying to move towards
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  success and use those failures to propel you forward so that you can eventually hopefully reach
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  the point of success there's such an important lesson there so just from a psychological perspective
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  that entire event put a sideline and an entrepreneur that wasn't in the right mindset that you
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  could have sabotaged yourself you could have thought this company's over you put of and when
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  you're in such a negative mindset you're not creative and you can't think of options and I
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  and I really do believe it in the moment most problems are really not going to change the course
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  of our life to the point where it's you can't come back from it right so I think it's just that's
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  a little bit of experience it's a little bit of it's a little bit of being around the right people
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  that sort of help you appreciate whether or not the that situation is as serious as it is
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  because even the poor guy that made the mistake look at his reaction versus yours right to
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  totally different reactions and his reaction would have not been the creative site that would have
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  probably gone on Facebook tried to market it and saved a couple hundreds of thousands of not
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  whatever I don't even know how probably a couple thousand bucks in inventory so it is important
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  when you're going to build something I think also just to understand that that shit will happen
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  it's not like a maybe it's like it will so expect it and understand this is entrepreneurship
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  and you're going to have to deal with it um exactly yeah that's I mean it's just that's actually why
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  I love having these conversations about like you should hit the fan moments with people that you know
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  built these massive businesses because entrepreneurship is not easy it's not as sexy as a lot of people
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  think it is and I wish people would just hear more of these stories before they go into it so when
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  this stuff does happen they don't you know get massively depressed get stressed out make bad
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  decisions all the stuff that can come with entrepreneurship if you don't have that really great
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  support group around you um
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  part of that also is now my evolution of changing my identity that I've spoken about before
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  now I just adopt the identity of the learner and have some that can adapt so now imagine I've
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  got that identity I don't it's not like I have an identity of being the president of impact theory
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  I am the my identity is I can adapt and learn with everything that I do so now you can put me in
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  any environment in any situation in any type of mess or crap that's happened in your business
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  and as the adapter and the learner I just going going cool how can I adapt to this situation
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  how can I learn from this and that helped me just keep going thanks for tuning in if you found
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  this valuable don't forget to hit that subscribe button so you never miss an episode and if you
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  want to dive deeper into this conversation check out the links in the description to watch the
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  full episode see you in the next one