EP296: The Family-First Entrepreneur: Running A Successful Business While Making Time for Home w/ Steve Chou

The New Wave Podcast

The New Wave Podcast: Daily Conversations On Web3.0, Business, Psychology, Psychedelics & More. A Show For People Seeking Spiritual, Psychological And Financial Sovereignty. Hosted By Best-Selling Author, Speaker and Entrepreneur Daniel DiPiazza. Learn how to achieve financial freedom without sacrificing what matters most, written by a father who runs two successful seven-figure businesses in 20 hours a week with plenty of time for family, friends and leisure. In episode 296, Daniel and Steve discuss the ins and outs of running an e-com business in such a way so that it doesn’t consume your whole life. A 15+ veteran of the space, Steve shares with us his processes and philosophy behind running a successful product service online. We also discuss Steve’s upcoming book on the same topic called The Family First Entrepreneur ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

⌛Timestamps⌛ (08:07) Steve is in the e-com game since before 2010 (9:18) Steve runs an e-commerce conference called Sellers Summit (10:51) Steve's business made a huge leap in a matter of days, but this can sometimes SUCK (11:52) Steve's thinking behind being a "Family First Entrepreneur" (12:13) Sometimes the reason we start our business in the first place gets lost in the process (15:32) Are many successful people miserable behind-the-scenes? (17:20) If you attain something too fast, without discipline, you might end up not respecting it (18:53) Steve has a bone to pick with "passion" Passions come an go; purpose is what really matters (20:22) Often when yo ucharge money for doing things you love you will begin to hate them (21:12) To be a success at business, you don't have to be particularly in love with your offer (23:11) Don't worry about people stealing your idea, worry about the execution (26:57) Have an ascension plan - know how you're going to become profitable (28:01) Customer acquisition is important, but people forget to focus on repeat business (30:16) Online education and the birth of A.I. Steve is building an A.I. powered bot of himself (31:41) Steve is also looking into hiring android for his warehouse (34:10) Steve highlights some the processes behind his businesses, which are very efficient (35:30) Steve cautions against having your Ego get out of control (42:49) Is hustle culture dying out? Steve thinks it's making a come-back due to the recession! (44:41) Revenue is one thing, but if your goal is to run a family-first business, it's all about profit (47:20) Would it be possible to run a public company and still have time for your family? (49:46) One of the keys to success is consistency: it's not easy to keep at something for 15+ years (51:50) Check out www.thefamilyfirstentrepreneur.com ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 📕 The True Artifact 33 Lessons on Creativity, Purpose, Life and Love https://www.thetrueartifact.com/ | OUT NOW! ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 🌎 Connect with Steve Chou 🌎 👉LinkedIN 👉Instagram👉My Wife Quit Her Job Podcast👉Website: https://thefamilyfirstentrepreneur.com/ 👉Website: https://mywifequitherjob.com/ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 🌊 Connect with Daniel 🌊 Access free guides and get early notifications on exclusive drops:

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