Eric Spofford
speaker
102 appearances
1 recordings
1 series
first heard Jan 2025
last heard Jan 2025
Eric Spofford’s voice in public audio — every appearance, attributed to the second.
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Appearances
And so the 12 hours that TikTok was down, I mean, God, how many people were complaining about that?
You see how dependent people are on TikTok. you know, these platforms for a lot of reasons for the social greed, but also their own entertainment. Right. You know, so I didn't have a lot of concern that it was going to stay down for very long.
Honestly, my answer to almost everything right now is no. And here's why. The cost of distraction is unbelievable, right? And so I'm tunnel vision on these couple initiatives, these operating companies that I have, they're explosively growing.
And if I take 30 minutes, 15 minutes, 10 minutes away from my day-to-day to disengage from what I'm doing, pay attention to some pitch on some idea, and then potentially say yes, It takes time and energy even to just get that deal done and to get it over the finish line and to deploy capital.
And then review it. And all the while, you know, when you look at it, like if you say I'm three to five years away from $500 million valuation, right? I'll hit... This year, I'll hit $150 to $200 million enterprise valuation. Not liquidity, but just the business. This is what it's worth if I sold it. So take three years from now. I've been in for two. I'll be in for another three, right?
60 months. What's $500 million divided by 60? A lot. A lot. Divided by 4.3 weeks to the month.
$8 million a month. All right. So that's $2 million a week. $2.3. And so when you look at the value of time.
I will get it done, but for the sake of conversation, if I transact in three years or if the businesses, say even if just I grow the business valuation to $500 million in the next 36 months, that means that when you take that value that I've created and accredit it backwards, that my time right now is worth $2 million a week. Five days a week, I mean, I work seven, but we'll call it five.
That's $400,000 a day.
Yeah, the answer is fucking no. And so I acutely understand the value of my time in that context. And so when I look at it, I'm just like, I can't afford to even stop long enough to listen to what it is you have to say right now.
It's a really interesting way to think about time management and the value of time. Like when I look at my 13-year, two-month run, I had the math done, but it's been a while, so I forget what it was.
But it was like every dollar that I made from the beginning when I didn't make any money the first couple of years all the way through the end when the business was cash-flowing a million dollars a month, and then the equity proceeds at the transaction Of the 115 million. And then looked at that and credited that for the 13 years, two months.
And I had that boiled down to like what my hourly rate was. And that's where I first started to think of it like that. And so now I think of it like this. It's like, you know.
Exactly, but at a much faster rate this time.
Moving quick.
And here's the moment where he pissed the entire internet off, you know? I just fucking hate these people that are making money online with things that they have no business selling because they don't have the expertise or the experience to back it up. Right.
And so the space, it's the only reason I remained to stay in the space with my business coaching mastermind is because I'm an actual operator and we bring real value to people that own companies that want to take them to the next level. But seeing these people that you have business coaches that have never owned and operated a real business.
that have never hired or fired human beings, scaled, you know, headcounts, scaled sales, operations, seeing, you know, just all these coaching offers. And it just become this big, like, yuck. You know what I mean? And I really dislike it. And so I'm looking forward, I think this year, and I think right now,
the tide is, it has turned and is in the process of turning and more and more people will be aware of, of kind of consumer behavior of being like kind of weeding through what's fake and what's real and what's bullshit. Um, so that's one, like if you have coaches that are coaching coaches on how to coach other coaches, it's like, what the fuck are we talking about? Jesus Christ, go get a job. Um,
And then second, people are just not authentic. You know what I mean? When I watch people's content, the stuff that I see go wrong is that they create a stage character... that they think is the thing that people on social media want to see, and they try to placate absolute everybody. Like, they're scared of pissing people off.
Showing 61–80 of 102 · page 4 of 6
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