Passion Does Not Equal Profit – A Knowledge Bomb

Show Notes

Jeopardy contestants rarely move onto become the wealthiest people on the planet. In the world of capitalist people don’t get paid for the hours they work, in fact, they get paid for the value that they bring to each hour. During today’s show, Clay Clark breaks down why being passionate about something does not make it profitable and how being focused on something does not make it fruitful.

DEFINITION MAGICIAN – Flow – In positive psychology, flow, also known colloquially as being in the zone, is the mental state of operation in which a person performing an activity is fully immersed in a feeling of energized focus, full involvement, and enjoyment in the process of the activity.

NOTABLE QUOTABLE – “Vision Without Execution is Hallucination.” Thomas Edison

MYSTIC STATISTIC – Five Reasons 8 Out Of 10 Businesses Fail

  1. https://www.forbes.com/sites/ericwagner/2013/09/12/five-reasons-8-out-of-10-businesses-fail/#5a16e4826978

MYSTIC STATISTIC – 90% Of Startups Fail: Here’s What You Need To Know About The 10%

  1. https://www.forbes.com/sites/neilpatel/2015/01/16/90-of-startups-will-fail-heres-what-you-need-to-know-about-the-10/#b86d39066792
Business Coach | Ask Clay & Z Anything

Audio Transcription

Grabbed the duck tape and mentally prepare yourself for yet another mind-expanding knowledge bomb from America’s number one business coach, Clay Clark.

Vision without execution is a hallucination. Once again, Thomas Edison once famously wrote, he said, vision without execution is hallucination. And Chuck at our workshops, our next workshop is going to be hosted here. Uh, just this week here. It’s coming very soon and there’s still time to buy them. We have two tickets left or three tickets left. So if you go to thrive time show.com and you click on the conference button, go to thrive time show.com, and you click on the conferences button, the thrive time show.com. And know someone’s written that down right now. You Click there, you’ll see our next workshop is this Friday and Saturday, October 26th and 27th. And because of the way this podcast is released, potentially the next one could be December seventh and eighth. Right? Either way, the reason why we do the business coach workshops, chop is why. I mean it’s two days, it’s 15 hours long. We teach time management, we teach sales, we teach marketing, we teach a team management, we teach how to lead effectively. We teach how to become an effective executive. We teach financial planning, we teach worklife balance. We teach all these things, but why do we do it?

Because we want to show people how they can take action and reclaim or take control of their own financial future and why to create time and financial freedom to mentor millions and why? Because that is what your goal is and why. I don’t know past that.

Okay. So this is why I’m. I don’t know how to explain this to the listeners out there other than by just saying something that could be awkward. Yep. Business for me is always been easy and I prefer it over anything else. So if you said, hey, let’s go to the fair, I would say, no, no, no. You said, hey, let’s make a workflow. I go, yes. He said, hey, let’s talk for an hour and a half about the perfect proforma. I would say yes, can we go longer? But if you said, let’s go out to eat, I would say no, no, no, no. If you said, hey, let’s go on a trip, I would say, but if you said, hey, let’s outline a speech and teach somebody the proven principles for having an effective speech. Hey, let’s. Why don’t we go to a concert together? Let’s go see Bruno Mars.

So let’s go see Bruno Mars. I would say. But if you said, hey, can you teach me the proven systems to grow a company? Yes. And if you’re out there, if you’re out there right now, there’s gotta. Be somebody out there, somebody out there, so we can hook somebody out there who could testify your flow state, and I’ll put the word flow state on the show notes. Your flow state. The thing that you’re good at is something that you don’t get to do as a job. Now, what is flow? State mean? Flow state. When you look at the world or the world of psychology floats, that flow state is defined as the world of positive psychology. It’s known as being in the zone. It’s when a person loses total track of space and time as a result of being so locked in to what they’re doing and that is what I feel when I do business, but I feel out of place when I do almost anything else.

Therefore, my partner and I, I would consider him to be more from a planet normal. Seriously. This Justin, Dr Z, he’s the guy I would say loves to have fun and love to work. I just like to work. I don’t know what that is, so it’s very easy for me to do that and people kept asking me, hey dude, could you pick my brain just today I had two colleges reach out and say, hey clay, can I pick your brain or could you speak at an event to colleges today? Usually it’s like one a month or one every couple of weeks. There’s always an organization and I had to build something that would allow me to teach what I know in a way that could allow me to stay sustainably married because the tradeoff of being married to collect LARC is one. I’m not a beautiful man too.

I don’t like to do things three, I have no hobbies for. I’m afraid of parks, picnics, trips, so but I’m a good provider. I’m loyal to my wife, I do these things, but this business thing is easy for me and I was traveling all around the world. I went to Hewlett Packard, I went to Valspar, I went to all these business conferences teaching people, and I found that when you have a one-hour speaking event and somebody talks at you for an hour, it’s really, really hard. Hard to become empowered because you don’t fully understand what they’re saying and so I want to play for you the testimonial, a testimonial, one of the thousands of testimonials from somebody out there just like you by the name of Elizabeth Walker, who was crazy enough to attend one of our workshops and this is what she had to say about her experience at the thrive time show in person workshops.

My name is Elizabeth. I’m from Tulsa, Oklahoma. I own a business and nook and cranny. Home Keeping Llc. I heard about the drive time conference on the radio show. I was looking to learn pretty much anything there is to learn about business. I’m a new business owner for less than a year, so I really needed to know everything about everything. I have learned how to implement systems from hiring to the actual day to day systems in the company. I liked that the workshop gave tangible systems, but it was very entertaining and interactive plays. The presentation style was energetic. It was exciting and it gave me hope that there’s actually a lot of success still to be done in my business, but the atmosphere was energizing and figuring nothing boring about it. It was absolutely exciting. While we’re not sitting in chairs grouped all together and huddled, looking at powerpoints the whole time, we were in a nice comfortable area. We had plenty to drink. We could get up and move around if we needed to. We could interact with each other. People are missing out on concrete examples of how to run their day to day business. Very simple things and maybe that’s the biggest thing I’ve learned is that this can be simple and I think that’s what they’re missing out on.

Then after Elizabeth heard what she needed to do, she reached out to us and said, hey, are you already working with somebody in the area of cleaning and Tulsa? And I said no, and she said, well, I would love it if you could help me to grow my business, and so this is what she had to say about our ongoing business coaching or mentorship that were providing her as part of the thrive time show business coaching platform.

My name is Elizabeth Walker. I’m the owner of Nook and cranny. Home-keeping. I first heard about clay on the radio on 1170. Kfaq was just switching through the radio stations and I heard them talking and they were kind of funny, so I hung around a little bit. Clay’s team has impacted my amount of internet leads through Google. We have skyrocketed our reviews and we just have people calling us almost every single day saying they found us on Google, so it’s definitely broadened our horizons and our client clientele, but we also have people that find us in other avenues and I always direct them to our google reviews. The typical interaction during our weekly meetings is fun. It is accountability. It’s an hour of hard discussions and a lot of learning. It’s we try to laugh. I always share the concerns I had during the week. The team always asks me what I need help with and then they helped me.

They helped put me back on track where I need to be. Every business owner needs clay Clark and his team because they put a path out in front of you, a proven system of success, and then they coach you along the way. They don’t do it for you. They don’t hold your hand. They just stand right beside you. They cheer you on the share with you what you need to hear, whether it’s good or it’s bad or is what you want to hear. It’s what you don’t want to hear. Every business owner needs that accountability next to them, that proven person next to them that can keep them going. Most people think that they don’t need a business or marketing consultant because human nature tends to say we can do it all and sometimes we believe that or maybe people are prideful and they don’t want to ask for help or I’m not really sure. I believe that one of the smartest things I’ve ever done in my whole life definitely in my business is hiring clay Clark and his. I think she just said, I believe that one of the smartest things I’ve ever done in my whole life definitely in my business is hiring clay Clark and his team. I believe that one of the smartest things I’ve ever done in my whole life definitely in my business is hiring clay Clark and his team.

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