Zac de Silva is an award-winning business coach to many leading entrepreneurs and thought-leaders and owns NurtureChange.com (entrepreneur business summits in Fiji) and accme.co (a SAAS company that asks you the right questions).
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Resources
Your Big Idea: Successful Entrepreneurs have One Big Idea. Follow JLD’s FREE training & you’ll discover Your Big Idea in less than an hour!
Get Pocket – Zac’s small business resource.
The 100 Best Business Books of All Time – Zac’s Top Business Book.
BusinessChanging, NurtureChange, and AccountabilityMe – Zac’s websites.
The Mastery Journal – Master Productivity, Discipline, and Focus in 100 days!
EOFire – Check out JLD’s 5 FREE Courses for you!
3 Value Bombs
1) Ask questions until there are no more left to ask.
2) Scaling is not always the answer—a business is about more than just making a profit.
3) Cashflow is the blood of the business.
Sponsors
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Show Notes
(click the time stamp to jump directly to that point in the episode.)
[01:07] – Zac started out as an accountant and became CFO of Flight Centre
[01:19] – In the mid-2000’s, his wife was diagnosed with cancer, and in two and a half years she passed away
[01:26] – In 2005, Zac was a widower with 3 kids
[01:40] – He bought a large fashion company (with a friend) and they grew it to 30 stores in a couple of years
[02:14] – After winning awards for how they grew the business, Zac gave his notice and resigned so that he could dive into coaching
[03:17] – Zac re-married and is now living happily with his wife and 5 children
[03:41] – His area of expertise is in business planning and strategy
[05:20] – The best way to make another business plan is to assess what’s best for you in the future
[06:15] – “Scaling is not always the best thing”
[07:17] – Business is not always about the money, it’s also about impacting people
[08:28] – Worst Entrepreneurial Moment: He remembers his first season with the fashion company. He asked a guy in the warehouse about the inventory and apparel they had in stock. The guy said he was happy about what they had, but after a year, they ended up having over $1M in excess stock that they didn’t need
[10:03] – Zac learned that cash flow is king
[10:13] – “Numbers never lie in business”
[11:00] – Ask enough questions until you don’t have anymore to ask
[12:10] – Entrepreneurial AH-HA Moment: Zac created a SaaS process that could do 80-90% of what he could as a coach—Accountability Me. Another ah-ha moment was when Zac thought about adding more value to his clients through a holiday mastermind in Fiji
[15:35] – Take a pain point and don’t give up until you solve it
[16:06] – What is the one thing you are most FIRED up about today? “It’s the fact that I’ve created an awesome business plan template that people are loving”
[16:52] – Learn more about Zac’s online offer at BusinessChanging.com/firenation
[17:25] – The Lightning Round
- What was holding you back from becoming an entrepreneur? – “It was probably the paycheck”
- What’s the best piece of advice you’ve ever received? – “Ask the right questions”
- What’s a personal habit that contributes to your success? – “Root cause analysis”
- Share an internet resource, like Evernote, with Fire Nation – Get Pocket
- If you could recommend one book to our listeners, what would it be and why? – The 100 Best Business Books of All Time – “I find it amazing”
[22:00] – Do the most important things that will make you successful
[22:39] – Connect with Zac at BusinessChanging, NurtureChange, and AccountabilityMe
[22:58] – Register at BusinessChanging.com/firenation and get $200 off Zac’s business planning workshop!
[23:10] – Get the questions that will help you focus at AccountabilityMe! Zac is giving away 2 month free subscriptions—use promo FIRE NATION while setting up your account!
Killer Resources!
1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!
2) Free Podcast Course: Learn from JLD how to create and launch your podcast!
3) Podcasters’ Paradise: The #1 podcasting community in the world!
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