Are you interested in personal development? Well,
entrepreneurship is Bar None the best personal development program there is.
-Wow, I'm going to need to hear more. Alright .I'm going to start this up with
one exception because I think religion could fall as as the exception. But next to
religion, I'm going to definitely say that entrepreneurship, oh man. It is. -Calm down, Nate.
-You're growing every single day. -Your energy is overflowing.
Oh man. -This is me with my energy overflowing. I've never been more excited
in my entire life. Okay, so... How many people... I'm... This is a question, we didn't
prepare this. I'm just curious. How many people do you know that went to business
school that now run a business like they're entrepreneurs? Versus that our
employees for businesses. -Mmmm. I'm going to say one. I have one that I can think of
right off the bat. The others I think I'll work for, work for the man. -Okay. So,
one out of several? -Yeah. -Okay. -Right now just that quick of a question. -I admit. I
only know one person that went to business school but he is an employee. He's
not a business owner. -And I know a lot of business owners that didn't go to
business schools. A million of them. -Yeah. I know hundreds, you know millions.
Yeah. So, I got a bachelor's degree but it was in human biology. I certainly, I
looking back I thought, "Maybe it would have been cool to take some business
classes." But it's all about trial and error. And learning from your mistakes.
And when you're trying to figure something out you're just... It's
engaged learning. -It's experiential learning, right? I mean, it's literally the
laboratory of life where you go, "You know what?" In fact, you know, it's interesting
you have a lot of people who are business owners who go back to school
because they feel like they want... If they want to make themselves more valuable
for a potential employer. First of all, I see your eyes go... I see you go, "Why in the
world would a business owner go back to work?" And it's true. But some
do. Because their businesses fail. But then they get back to the work. -They get a
little letter or something that can put after their name.
-Yeah. -Little, little initials, right. That's true. It does help on a resume. But
ultimately, though they do learn... There's certain things that are kind of hard
facts, if you will, the theory of business leadership and business management and
whatever else, administration. But they learn more in that, the time that they
ran their own business. Because it's where the rubber hits the road. It's
where they really dealt with actual employees as opposed to just learning
the theory of organizational development. -Yeah. -You know. And behavior and all if that stuff. So, I
took five years to get my degree at BYU. -Of human biology. -Yeah I was a... I fell
some classes and... -What's this? What's this bone? -The ulna or the radius. -Yes. He doesn't even
know. Well, no it depends on where your arm is twisting at. - I just trapped him. He doesn't know. -Okay.
-I was going to say. Anyway, sorry. So, you did five years to
get your degree. -And I learned a lot. -Of course. -I learned a lot but looking back,
I've learned so much more since graduating.
How about human biology? No, not about human biology but certainly quantity of
knowledge and definitely applicable. Like applied knowledge. Because I didn't go
into dentistry. Nothing to do with medicine or... -Of what he was dreaming of.
Now, I value my science background because I think kind of in a scientific
way. And I valued that. I love, you know, kind of the scientific method. -Yeah. You
know? -Office ease. -Yeah. Making sure you've got a good sample size. And I've got this
foundation. But really everything that I've learned at business is all been
self-taught just because entrepreneurship can be really tough. It
can be really tough. And I'd all be transparent and admit that the majority
of the years that I've been an entrepreneur, I have not been successful
financially. It's been a struggle. But I've been so darn committed to it
because I love it. And passionate about it and even when the bank account is in
the negative, I still believe in what I'm doing. And it's,
it's such a relief. I've stuck with it on. And I'm here. I look back at all those
hard times. I look at all the hard times that I've had. -This is cathartic for him.
And I look back at all those hard times and the lessons that I learned and the person
that I've become in the process. And I wouldn't trade it for anything.
-Yeah. -I would not trade it. -Yeah, well you live and learn. Really that's what
it. Is as I'm saying is, the school of hard knocks,
you know, the kindergarten of getting the crap kicked out of you. You know, whatever
you call it. You know, it's just the lessons of actually getting out and
doing it. Holy cow. If he had just dawn and gotten
a degree and spent all that time getting that... And I'm not saying there's anything
wrong with getting an MBA or anything like that. It's going to work for the vast
majority who become CEOs of major corporations or bigger small companies.
But the entrepreneurial spirit is just strap on a pair and go do it. And you
know, you take some mitigated risks, you fail now and then, you learn from your
failures and you stay. But this is it: It's being committed to what you started
with. It goes through modifications through time. But the basic kernel of
what you started with is the same basic thing that you have now. Except now, as
opposed to just being a turd, it's a polished turd. If you'll forgive the
disgusting imagery. But that's the old saying. And now, it's becoming more of
something vital and valuable and worthwhile. Stuff that you can teach
other people. Things that they come to you and they go, "Oh, great Nate." Hat in
hand, right up to the door. I've seen them. What can you tell me about my future? -Let's
switch gears and talk about creation. -Okay, I believe that we are...
We all have an innate desire to create. It can tie into a religion
beautifully. -I thought you meant THE creation. Just creation, okay. -I believe
that as God's children, we definitely have an instinct to create. (-Hmm) -That you
know, maybe your beliefs agree or a-line or disagree in some way.
-We certainly all share the desire to procreate.
-Okay. -Well, but I'm saying that's also creation, right? But I mean it is
propagating the species. Keep going. -Think about... Let's go back to business.
Entrepreneurship. When you're the creator of a company, you get to decide the direction
you get to create the products or services, you get to improve them. It's
very fulfilling. Especially when it succeeds. What provides me the
biggest amount of fulfillment is seeing my clients get a result.
The main reason why I don't sell website design anymore is not because it didn't
sell well. It's not because my clients... This is a real statistic. Over 99% of my
clients were happy with their websites. I tracked how many people complained out
of the 600 or whatever, there was only like three people that we couldn't
please. -Nice. And so, they were happy with their website. So, why in the heck did I
stop but it was profitable. Okay, my clients weren't getting a lot of traffic
to their websites. They were happy with it. It was beautiful but their family saw
it and it was just, "Hey, I've got a website, I'm legit." And also the
traffic that did go to their websites, they really weren't making
sales. It wasn't a conversion machine. -Yeah. -And it wasn't providing me
fulfillment because I wasn't helping my clients get results. I created something
but it's like, "Well, what good is this creation if it's not fulfilling its
ultimate purpose?" -Right, yeah. -And so, I've tried lots of different things and I
found this place here on YouTube where we can create YouTube videos, we can
launch a channel in a certain way, we can get a result and every one of my clients.
It's working. -Yeah. -It's working. -Yeah. -I love it.- It's cool. -So and I look back
and it's like, "Look where we're at. I created this." And it's just such a... -So for
you, that's really the payoff. The years of struggle and of challenges and
whatever else. I mean, it's worth it for you to get to a point where you go. I'm
actually... Not just doing what I want to do what I'm good at.
But what I've always wanted to do is to help my clients get results. To see the
results. -Yeah. And I look at that as that's huge personal development.
From where I started to where I am. I've really grown a lot just because of this
this opportunity. Okay. So, I kind of touched on this earlier about about business is
hard. Really, I've come to learn and embrace that mistakes really are
stepping stones success. -Mm-hmm. -And I don't intentionally
go out and try to do something that's going to fail. -Of course not. -Right? So it's
like... It's not like saying, "Ooh, I love mistakes. I love making mistakes." Because
we don't like making mistakes. But.. -They're opportunities. -Exactly.
Every mistake gives us an opportunity to learn. -Right. And then to do it again the
right way or better way. -Yeah, there are some organizations. Again, I'm a speaker
and a trainer. I deal with a lot of different organizations. And often, I hear
those that have a culture where they actually... They don't try to nurture
mistakes but they don't come down on hard on the person or fire them, Much
worse. They recognize them. They say, "Thank you. That's a lesson learned for us.
Because you failed on that, we now have our body of knowledge is growing based
on this particular product or service. We're never going to do that again. Thank
you. Here's a couple of tickets to a movie. We don't encourage you to screw up
again." But it's not, you know... -Wouldn't that'd be a cool boss to have? -And
they're and they're out there. That's what I'm saying. You know, they have that
same, that same mentality. -Alright. So, I want to wrap this up with a question
that came in on Quora. The anonymous person said, "When did you regret being an
entrepreneur?" So, I have I, as much as I loved it. I thought about that when have
I ever regretted being an entrepreneur. I wrote down a specific example. Because
there was a time, I remember it's a memory seared in my brain. I was sitting
in the Walmart parking lot needing to buy diapers. -In a car? -Yeah sitting in a
car. Did I not say car? -Sitting at the park lot. -I'm being very literal. Because if it's
seared in your brain maybe you were just sitting in the parking lot. -I was
in a car but I needed to buy diapers. But I knew that there was
no money. I knew our checking account was like slightly in the negative. And I just...
It was just a real emotional time. Like, What am I doing!!? You
know? Like, how come this isn't working. And I've had many instances
like that where... And you hear a lot. I heard from parents, I heard from friends,
"Why don't you just go get a job?" -Yeah. -Oh! I hate that. It's so emotional with that.
It's like, "Come on guys, I'm working way hard." You know?
-Well, but you know you can't... I know you... It's easy to say don't take things
personally, right? But I mean everyone that loves you it takes everything
personally. And they love everything about you. And so, that is just the
natural, that's the natural man, the natural man or woman saying, "Look, it's
not working. It's not that we don't believe in you. It's that we think your
business sucks." So, that's... Hopefully they never said that. But you know what I mean?
It's like, you know, there's a chance that.. And I think this is what's true. As
an entrepreneur, you conceive, deliver a diaper that baby. And so almost
symbolically, in the fact that you're at a Walmart parking lot and you're in your
overdraft, you're overdrawn on all of your funds. Just to get diapers for a
real child. But in a way it's like, your baby needs, you know, has a poopoo. You
know, your baby needs new diapers and you just don't even have enough to do that.
But you know, your your business is your baby. -Oh, yeah. I look at what I've created,
what I've done. and it's like, "Yeah, I'm behind but I'm not going to set this aside."
Because I believed in what I'm doing. And I've learned so much and I've
grown and say, "How could I throw this all aside and go back to being a stinking
employee?" That's how I... -In other videos, we've established already his complete
disdain for being employee. And that's I think what keeps you... Keeps driving you.
Which is awesome. What do I say after that? I've talked about poopoo and diapers and love. This has
been... We've really run the gamut of human emotion and waste. So the question that I
have for you that I'd like to see in the comments is "How is entrepreneurship a
personal development program for you?" Something that we didn't touch on here.
I will read it, I'll respond. Glad you're here. We'll see you tomorrow.