Just Start - You Don't Need to Know How It Will Work | Keith Chandler #033
Sitting In Podcast | Ep. 033 - Keith Chandler is a serial entrepreneur and hobbyist.
How does someone learn to take risks and grow their self-confidence? What does being raised by a single mother teach you about growing a business?
In today's episode, you can expect to learn:
- How Keith's single mom made him into who he is
- The power of reframing your perspective
- What it means to have a fear of succeeding
- What the "Slate Truck" advertising model missed
and much more!
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00:00 Intro
00:46 Keith's background
03:23 Why start a business in the first place?
05:02 How does scaling different types of businesses compare?
07:10 How do you deal with changes out of your control?
08:08 Being afraid to fail vs being afraid to succeed
08:58 Being raised by a single mother made Keith who he is
11:03 How to get over the fear of succeeding
14:13 Reframing fear into excitement
15:42 What are the hardest decisions in business?
18:24 "Put Your Aces in Their Places"
21:25 How to build trust in your employees? (Inspect what you expect)
23:40 Well-rounded vs playing to strengths?
25:43 Why sell two businesses and go back to corporate America?
28:08 The value of integrity
30:19 The power of reframing!
31:05 Why did Keith start his current business? (Plus stories)
36:53 Most people miss the niche parts of niche industries
37:38 What did Keith's mom teach him while raising him alone?
39:32 3 Reasons not to be scared of risk
41:48 Were all of Keith's changes a "level-up"?
42:34 A few more lessons from Keith's mom
44:05 How to keep the big picture in view during the tedious times?
47:06 How to let go of responsibility?
50:16 No one wants you to fail, and no one wants to do a bad job (usually)
52:37 #1 Skill for someone considering entrepreneurship
54:04 Has Keith always been a skilled communicator? (The answer might surprise you!)
55:52 How do you find good people without sinking too much capital?
57:29 How to say 'no' to an employee's request
59:52 How should someone find the "right" business to start?
01:01:00 Nuance between finding innovation and existing demand
01:03:24 Slate Trucks case study - being unique doesn't beat finding the right customer
01:07:40 What would Keith beg a young person to learn sooner than he did?
01:08:47 What do the next 5-10 years look like?
01:09:59 What does a CEO actually do?
01:11:48 Self-aware suffering or complacent simplicity?
01:13:05 How does it feel to be close to a huge goal?
01:13:57 How do you know when you're getting close to the "end"?