LifeWork
Entrepenreurs Meagan Francis and Dave Krock explore what it takes to build a business while designing a life that matters.
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Why Successful Businesspeople are Also “Constant Learners”: LifeWork Episode 19
What does it mean to be a “constant learner” and how can busy entrepreneurs (or wannabe entrepreneurs) apply the “five hour rule” to their lives? In episode 19 of LifeWork, Dave and Meagan discuss why regularly including books, articles and other kinds of instructional media in your life is so important when building a business – and how to make it fit around all the other balls you have in the air. Discussion Points and Links: Why Constant Learners Embrace The Five-Hour Rule – The Inc. article that inspired this discussion. Strategies for making more time to read and consume educational media How “not having time” to read (or do other enriching activities) is often a mistaken perception Utilizing commutes and other “downtime” opportunities to learn more Skimming vs. a deep dive read: a technique for absorbing information quickly
Get That Cash: Finding, Raising, or Saving Capital For Your Business – LifeWork Episode 18
So you’ve got a great business idea or existing business. Only problem: you need money to either start or grow it. Between angel investors, SBA loans, venture capitalists and other forms of capital-generation, your head is spinning. Sound familiar? We’ve got you covered! In this episode of LifeWork, Dave and Meagan break down the most common forms of business funding, how to figure out which is right for you, and how to get started looking for it. Discussion Points and Links: What’s the difference between an angel investor and a venture capitalist, and what is each type looking for? How do you establish your business’s value and convince a potential investor that they will see a gain? How do you decide how much to ask for? Creating financial projections: how much is guessing? How to back up your numbers? Is it true that it “takes money to make money?” How to tap into “other people’s money” (and resources/equipment.) What you need to know about Small Business Administration (SBA) loans Lesser-known ways to raise capital Prosper.com LendingClub.com Simple Numbers, Straight Talk, Big Profits!: 4 Keys to Unlock Your Business Potential (Greg Crabtree / M J Lane Publishing, LLC) Rich Dad’s Advisors: OPM: How to [...]
How To “Crush It” Without Crushing Yourself: LifeWork Episode 17
Is burnout the necessary price for success? No, but you’ll need to work hard. In Episode 17 of LifeWork, Meagan and Dave discuss “crushing it,” whether work-life balance is a myth, and why it pays to set up systems early that can help lighten your workload down the road. Discussion Points & Links: The inspiration for this topic, Damon Brown’s Inc article: Sacrificing Yourself For Your Business is Silly and Useless Hero worship, Gary Vaynerchuk and different levels of success Work/Life Balance: Truth or Myth? How to set up systems that make work and life more streamlined Is it possible to “crush it” hard for a few hours a day and see results? Putting margin or “white space’ in your life to make room for the things that matter to you Taking care of yourself by putting your non-negotiables on the schedule: hydration, sleep, relationships, good food.
How Your Personality Type Influences Your Entrepreneurial Style: LifeWork Episode 16
What does your personality type say about your strengths and weaknesses as an entrepreneur? In Episode 16 of LifeWork, Dave and Meagan discuss two popular personality tests, the Myers-Briggs and StrengthsFinder tests, and how being aware of your own strengths, weaknesses, and tendencies can make you a more successful entrepreneur and all-around better person. Meagan and Dave also share their own results and what they think it means about them as human beings and business owners. PLUS: this episode contains a special surprise! The first TWO listeners to leave a comment containing the timestamp when Meagan notices a car on fire outside the window during recording will receive a free copy of the book StrengthsFinder 2.0. Hey, we’re recording live here, people – things happen! Make sure your comment contains a viable email address and we’ll be in touch if you’re a winner. Show Links: StrengthsFinder 16personalities – Meagan’s favorite Myers-Briggs assessment tool The Enneagram – not discussed in detail during this episode, but also an insightful tool for digging into your tendencies and motivators.
Making Yourself Fire-able, And Business Lessons from Pokémon Go: LifeWork Episode 15
What do we want? Freedom! When do we want it? At a time and place of our choosing! After a month-long hiatus in which they both went “off the grid” on relaxing vacations, Meagan and Dave are back. In episode 15 of LifeWork, they discuss the systems and team they’ve had to put in place to make their businesses “vacationable,” and how to take that even further to become “fire-able.” They also talk about the incredibly fast-growing popularity of Pokémon Go and what entrepreneurs can learn from the phenomenon. Discussion Points: Dave & Meagan describe their vacations and the preparation each did to make it possible to disconnect How making yourself “fire-able” makes your business more valuable Potential pathways to creating a business that doesn’t require you to run it The franchise model and how it can apply to a small business What if you don’t want to be fire-able? Staying involved in your business without performing your current role forever What the breakout success of Pokémon Go says about marketing, being in the right place at the right time, the future of gaming and augmented reality, and how businesses can cash in by luring players to play in their spaces Pokémon Go getting started guide [...]
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