Listen to “#774 Navigate Uncertainty by Focusing on What Never Changes” on Spreaker.
On this episode of The Small Business Radio Show…
SEGMENT 1 with Morgan Housel, starting at 0:00: Many people say that the only constant in life is change. In fact, I wrote an entire book called Changemasters to help people make the changes they want. Our next guest says that some things don’t change and that’s what we should focus on.
Morgan Housel is a partner at The Collaborative Fund. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He is the author of two NY TIMES best-selling books, “Psychology of Money” – 4M copies sold – and now the new book “Same as Ever” (2023).
- No matter what happens, there are going to be these facets of human behavior that have always been with us and always will be. What are these behaviors?
- Why the first rule of happiness is to have low expectations.
- People don’t want accuracy, they want certainty. How do you get certainty in an uncertain world? And how do you become comfortable with uncertainty?
- Why progress requires pessimism and optimism to coexist.
- How a good idea on steroids can quickly become a terrible idea.
- If competitive advantages eventually die, what should the business do?
- It’s supposed to be hard—growing a business, investing, and more.
- Wounds heal but scars last. Your experiences shape you!
SEGMENT 2 with Sabrina Starling, PhD, starting at 23:45: I have to tell you – I hate the hustle culture. It tells us that we must work harder in order to get where we want to go, but being busy is not the same as being productive. How do we grow our businesses and have a great life?
Sabrina Starling, PhD, The Business Psychologist, is the bestselling author of The How to Hire the Best Series and The 4 Week Vacation™, as well as the founder of Tap the Potential LLC and host of the Profit by Design podcast. She is changing the story of entrepreneurship from one of long hours and grinding it out, to one of sustainably profitable businesses that support and enhance life.
- Why are we so wrapped up in hustle culture?
- What is the impact of hustle culture on entrepreneurs?
- Signs you’re drowning in an overweight business and how to streamline it.
- What are most small business owners failing to do that keeps them from having a profitable business?
- What successful entrepreneurs are doing differently than those who are burning out.
- You’ve grown your business working 25 hours per week and you teach others to do that by focusing on $10,000 an Hour activities. What is a $10,000 an Hour activity?
- You have a goal that you want to send 10,000 entrepreneurs on a four-week vacation in ten years. Tell us about that. How does a 4-week vacation benefit us?
