In today’s episode, Erlend and Matthew discuss the deeper meaning of success and how to live a better life as discussed in the book ”Never Work Again”. The book delves into different interesting topics, especially in finding one’s true path and defining what success means to Erlend.
Matthew Turner interviewed 163 Highly Successful Entrepreneurs so you can learn from the best & transform your mistakes into success just like the world’s finest business minds do!
Main talking points that you shouldn’t miss:
Erlend strongly believes in the power of delegating. At 2:53, he discusses why it’s good to tap into the talent of people around you. He also believes in practicing what he preaches. At 3:20, he mentions why he picks up “Never Work Again” and self-monitors.
Matthew also mentions the Exponential Mindset, a concept related to having an influence on the people around you at 7:31. So what does one do when having a bad day? Erlend talks about his way of dealing with those days at 8:26.
This year I´m doing a life experiment on living stoically and who better to kick the year off than my favorite stoic author!
William B. Irvine is the author of A Guide to the Good Life: The Ancient Guide to Stoic Joy. This is the book that I consider the most important book and starting point for entrepreneurs. It has totally transformed my approach to life and business.
How entrepreneurs can achieve tranquility and success
The importance of focusing on what we can control, and letting go of everything else
The importance of letting go of wealth, fame and popularity
How to use negative visualistation to achieve joy and happiness
When you have revenue in a business, you put them in different buckets based on the percentage. The most important bucket as a business owner and entrepreneur is you actually pay yourself profit every year.
He recommends that you do not have this bank account in the same bank as your other money. So you never actually see it.
Download Profit First app so it can help you calculate what you should be putting into different buckets.