Work Life Balance & Applying Your Skillset In Life | Summary and Q&A

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June 13, 2020
by
Simon Squibb
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Work Life Balance & Applying Your Skillset In Life

TL;DR

Entrepreneur Simon Squibb discusses the importance of finding passion, solving problems, and buying time instead of selling time in business.

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Key Insights

  • 😨 Passion and care are essential for starting a business and building something meaningful.
  • 👨‍💼 Finding a niche and scaling a business are crucial for long-term success and growth.
  • ⌛ Selling time limits potential, while buying time allows for leverage and expansion.
  • 🥺 Reframing your skill set to focus on solving problems can lead to a more fulfilling entrepreneurial journey.
  • 💨 Walk meetings can be a productive and positive way to solve problems and collaborate.
  • 💗 Simon Squibb is dedicated to helping entrepreneurs start and grow businesses, offering assistance through his website and regular live sessions.
  • 💦 Nigel Levy's success highlights the importance of finding alternative ways to scale and avoid becoming trapped in high-pressure, undesired work.

Transcript

in my view if you want to get ahead in this world you need to start thinking about no work-life balance it's early folks and i'm off to have a meeting with a movie director it's 5 a.m and i'm off to have my first meeting of the day my meeting this morning is with nigel levy he's a writer director he was involved in the formula one netflix series it... Read More

Questions & Answers

Q: How important is passion in starting a business?

Passion is crucial in starting a business, as it gives you the drive, motivation, and commitment needed to overcome challenges and persevere through the ups and downs.

Q: What is the key to scaling a business?

The key to scaling a business lies in finding a niche and developing strategies to expand operations and reach a larger target audience. It requires identifying opportunities for growth and implementing effective scaling techniques.

Q: Why is buying time more important than selling time in business?

Selling time limits your potential and restricts your earning capacity. Buying time allows you to leverage your resources, delegate tasks, and focus on activities that generate long-term success and growth.

Q: How can one discover their sense of purpose in business?

Instead of solely focusing on skills and commercialization, individuals should consider the problems they want to solve. By aligning their skill set with solving a specific problem, they can find purpose and fulfillment in their entrepreneurial journey.

Summary & Key Takeaways

  • Simon Squibb shares his morning meeting with Nigel Levy, discussing the concept of niches and scaling a business.

  • Squibb talks about the importance of passion and caring about starting a business.

  • He emphasizes the need to solve problems and buy time instead of selling time in order to succeed in business.

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