Nick Friedman

I think that's something I wish I had learned a lot earlier. I think entrepreneurs, we all have a little bit of ADD. I call it all damn day because you can't turn it off.

I think that's something I wish I had learned a lot earlier. I think entrepreneurs, we all have a little bit of ADD. I call it all damn day because you can't turn it off.

And so, you know, you've mastered this notion of, you know, I'm going to tackle multiple businesses, stuff that I'm excited about or want to be involved in or put money into. But you know that you're not going to invest in it unless you have somebody you trust that is going to be able to execute that you can hold accountable.

And so, you know, you've mastered this notion of, you know, I'm going to tackle multiple businesses, stuff that I'm excited about or want to be involved in or put money into. But you know that you're not going to invest in it unless you have somebody you trust that is going to be able to execute that you can hold accountable.

And it's going to, you know, be a good steward of whatever that venture and idea is. And like you said, you're going to be a facilitator, a consultant, a visionary with the team and with that particular business. channel.

And it's going to, you know, be a good steward of whatever that venture and idea is. And like you said, you're going to be a facilitator, a consultant, a visionary with the team and with that particular business. channel.

I think in my early stages, I would chase a lot of shiny objects and shiny ideas because they sounded good, they sounded exciting, or maybe they sounded, in my case, might be easier than what I was doing. And I never really mastered the notion of talent acquisition and talent alignment with partners that could go in and pursue that.

I think in my early stages, I would chase a lot of shiny objects and shiny ideas because they sounded good, they sounded exciting, or maybe they sounded, in my case, might be easier than what I was doing. And I never really mastered the notion of talent acquisition and talent alignment with partners that could go in and pursue that.

And I think learning early on, if you are going to diversify or do other businesses, and it's something that you're taking your eye off the road of what you're already doing, you can only divide yourself so many times. You can't ride multiple bicycles yourself. You gotta have somebody else that's gonna ride that bicycle and report back how it's going or where he's going.

And I think learning early on, if you are going to diversify or do other businesses, and it's something that you're taking your eye off the road of what you're already doing, you can only divide yourself so many times. You can't ride multiple bicycles yourself. You gotta have somebody else that's gonna ride that bicycle and report back how it's going or where he's going.

Yeah, there's a compound effect of focus. We all know that, you know, whether it's, you know, specific fitness goal you have or specific business or financial goal, it's grooving those habits. And I have a saying that I'll bring up because my business partner and I will come up with ideas all the time if we're out and about or having a drink or whatever. And I'll pause for a second.

Yeah, there's a compound effect of focus. We all know that, you know, whether it's, you know, specific fitness goal you have or specific business or financial goal, it's grooving those habits. And I have a saying that I'll bring up because my business partner and I will come up with ideas all the time if we're out and about or having a drink or whatever. And I'll pause for a second.

I'll be like, you know, we can make tens of dollars doing that. You know, there's a lot of great ideas, but, you know, like what's the time worth? What's the energy worth? We've got a platform. We've got something that's compounding. Any energy and effort that I put outside of my $300 business is taking away from it becoming a billion dollar business at this point.

I'll be like, you know, we can make tens of dollars doing that. You know, there's a lot of great ideas, but, you know, like what's the time worth? What's the energy worth? We've got a platform. We've got something that's compounding. Any energy and effort that I put outside of my $300 business is taking away from it becoming a billion dollar business at this point.

And so, yeah, I couldn't agree more on that notion of, you know, focus on what you think is going to make things happen and double down and let that thing compound over time. I would say urgency of effort, patience for results, because a lot of times we get very impatient, especially in this, you know, immediacy world of instant gratification. You know, we want to see something happen overnight.

And so, yeah, I couldn't agree more on that notion of, you know, focus on what you think is going to make things happen and double down and let that thing compound over time. I would say urgency of effort, patience for results, because a lot of times we get very impatient, especially in this, you know, immediacy world of instant gratification. You know, we want to see something happen overnight.

And, you know, I think you hear about the unicorns to the glamorized billion dollar brands that become unicorns overnight. That's you know, that's like getting drafted to the NFL or NBA or winning a lottery. Yes, it can happen. But the reality is most business successes are probably like mine and yours. It just happened over decades of time that, you know, Took hard work.

And, you know, I think you hear about the unicorns to the glamorized billion dollar brands that become unicorns overnight. That's you know, that's like getting drafted to the NFL or NBA or winning a lottery. Yes, it can happen. But the reality is most business successes are probably like mine and yours. It just happened over decades of time that, you know, Took hard work.

People don't see behind the scenes how much losses went into the early days, the investment that went into it. And eventually you come out the other side and everybody touts you an overnight success, but they don't realize how long it took you to get there, how much learning took place along the way.

People don't see behind the scenes how much losses went into the early days, the investment that went into it. And eventually you come out the other side and everybody touts you an overnight success, but they don't realize how long it took you to get there, how much learning took place along the way.