Stick Like Glue Radio #123 On this episode of Stick Like Glue Radio I interview entrepreneur best-selling author Jeff Steinmann who write the book, How to Quit Working! Jeff share lots of entrepreneurial nuggets in this show – do not miss it!

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On this episode of Stick Like Glue Radio I interview entrepreneur best-selling author Jeff Steinmann who wrote the book, How to Quit Working! Jeff share lots of entrepreneurial nuggets in this show – do not miss it!

Main Questions Asked

• Why is it so important for people to quit their job and start their own business?
• Is it true that 70-80% of people are not happy in their current job?
• Why is it important to create an income that doesn’t require you to trade hours for dollars?
• How can people create a business that is scalable, mobile, and makes you happy?
• Why does burning bridges help people be successful?
• What are some of the 13 decisions entrepreneurs must make when they decide to move forward?
• What do you say to someone who wants to quit their job but doesn’t know what to do?

Key Lessons Learned

• Time is the only true resource that is worth anything
• Make time the most important thing so you are doing something you like and care about
• Most people don’t think its possible to leave their jobs but it is
• The reason so many businesses fail is that we are not taught how to run them properly
• People think that starting a business is hard due to the high failure rate and common misconceptions
• The top reason businesses fail is because people run out of money
• If you have a needed item and your marketing is right your business with catch hold
• Businesses don’t fail, people quit
• Create assets that make you money on an ongoing basis

3 Categories of Time

• 1) Sustaining- e.g eating, medical, cleaning house, dropping the kids off at school
• 2) Living  – pleasure activities e.g theatre, boating, spending time with family
• 3) Building – things that increase the quality of time you spend ‘living’ in the future
• The real value is spending less time ‘sustaining’ and more time ‘living’ as you don’t get any value back. Spend more time in building.

How to Quit Working

• A lifestyle business must be scalable, mobile, and must make you happy
• Start with a premise that your time is the most important asset then the rest falls into place
• When starting out, think about what happens when your clients double, or your sales triple. What will that do to your time?
• A job that you ‘own’ is the worst of entrepreneur ship and the worst of employment

Burning Bridges

• Figure out a way where you have no choice but to move down the path to success
• Our primitive instinct for safety is what causes us want the option of returning to work in case something goes wrong we have a back up plan for survival
• Burning bridges changes your mindset as you know there is not other option but to succeed

Decisions Entrepreneurs Must Make

• Listen – Decide who your customer is and understand them. What are their problems and how can you solve them?  What will solving those problems really do for them?
• Responsibility – Every single thing that happens is your fault.It shows you are in control of everything whether good or bad.
• Physical Health- You have to make the decision that you will take care of yourself physically.This is your vehicle so take care of it.

Advice on How to Quit Working

• No matter how difficult you think your situation is, there is someone in a worse situation who has made it work.
• If you want to not be part of a business that fails then flip around the way you think about business
• Identify a product or business that people want then get an audience for that service

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Links to Resources Mentioned

How to Quit Working  
Shark Tank
Stop Waiting For It To Get Easier
 
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Ever wanted to Quit Working? @jeffsteinmann tells Jim Palmer how its possible on this episode of Stick Like Glue Radio www.getjimpalmer.com

Best-selling author of ‘How to Quit Working,’ @jeffsteinmann reveals how to maximize the 3 categories of time www.getjimpalmer.com