Latest / Go Big with Gib Podcast / Ep 146. Nobody is Coming to Save Your Business

Transcript

Ep 146. Nobody is Coming to Save Your Business · Go Big with Gib Podcast

• 0:00
  SPEAKER_00: Welcome to the Go Big With Gibb podcast, where we talk to professionals, business owners, and entrepreneurs about their big wins.
• 0:10
  SPEAKER_00: There is a moment almost every entrepreneur eventually experiences.
• 0:14
  SPEAKER_00: You realize nobody is coming to save you.
• 0:16
  SPEAKER_00: When you work for somebody else, there's usually another level above you: a manager, a partner, an owner, someone who ultimately has to figure it out.
• 0:25
  SPEAKER_00: And then you become the owner.
• 0:27
  SPEAKER_00: And one day you look around and you realize you're the person who has to figure it out.
• 0:31
  SPEAKER_00: I've owned my law firm for nearly two decades.
• 0:34
  SPEAKER_00: We have employees, offices, rent, technology, insurance, marketing, a payroll that shows up every two weeks, whether we've had a great month or a terrible one.
• 0:44
  SPEAKER_00: And payroll doesn't care if you're tired.
• 0:46
  SPEAKER_00: It doesn't care if you're stressed.
• 0:48
  SPEAKER_00: It doesn't care if three unexpected problems land on your desk that morning.
• 0:52
  SPEAKER_00: People are depending on you.
• 0:54
  SPEAKER_00: That's the side of entrepreneurship that doesn't photograph particularly well for social media.
• 0:59
  SPEAKER_00: People see the perceived freedom.
• 1:01
  SPEAKER_00: They see the successful business, they see the vacations or the boat or whatever comes after years of building.
• 1:07
  SPEAKER_00: They don't always see the responsibility underneath it.
• 1:11
  SPEAKER_00: And there is a lot of responsibility.
• 1:13
  SPEAKER_00: There have been plenty of times over the years when I didn't know exactly what the answer was, but I've learned something important.
• 1:20
  SPEAKER_00: You don't have to know the answer immediately.
• 1:22
  SPEAKER_00: You do have to accept responsibility for finding it.
• 1:25
  SPEAKER_00: That's leadership.
• 1:26
  SPEAKER_00: When something goes wrong, blaming the economy doesn't fix it.
• 1:29
  SPEAKER_00: Blaming an employee doesn't fix it.
• 1:31
  SPEAKER_00: Blaming a competitor doesn't fix it.
• 1:33
  SPEAKER_00: You identify the problem, you make a decision, and you move.
• 1:36
  SPEAKER_00: Sometimes you'll make the wrong decision.
• 1:38
  SPEAKER_00: I've made plenty.
• 1:40
  SPEAKER_00: Then you adjust.
• 1:41
  SPEAKER_00: That's part of the deal.
• 1:42
  SPEAKER_00: And here's the interesting thing: the responsibility that makes entrepreneurship difficult is also what makes it incredibly rewarding.
• 1:49
  SPEAKER_00: I get to make decisions, I get to build culture, I get to create opportunities for people.
• 1:54
  SPEAKER_00: I get to determine where we're going next.
• 1:57
  SPEAKER_00: That is a privilege.
• 1:58
  SPEAKER_00: So if you're thinking about becoming an entrepreneur because you want freedom, I encourage you to do it, but understand what you're signing up for.
• 2:05
  SPEAKER_00: Freedom and responsibility come as a package deal.
• 2:08
  SPEAKER_00: You don't get one without the other.
• 2:10
  SPEAKER_00: There won't always be someone standing behind you with an answer.
• 2:13
  SPEAKER_00: Sometimes everybody in the room is going to turn and look at you.
• 2:17
  SPEAKER_00: And that's when you know you're the owner.
• 2:19
  SPEAKER_00: I'm Gib Irons, and this is Go Big With Gibb.
• 2:26
  SPEAKER_00: Thank you for listening to this episode of Go Big with Gibb.
• 2:29
  SPEAKER_00: If you haven't already, go follow us on social media at Gib Irons.
• 2:33
  SPEAKER_00: We'll see you next time.