Ali Nasser is a #1 Amazon bestselling author, passionate entrepreneur, and life enthusiast. He helps business owners find their best path forward and create the life experience they truly desire.
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Guest Resource
The WISE Assessment – Improve Your Return on Investment as well as Your Return on Life Experience.
3 Value Bombs
1) As entrepreneurs, we don’t have a framework to see our position more clearly. Having a lens or a framework is very helpful so we can be more intentional and integrate with what we desire.
2) Wealth is a means, not an end. You can have all the wealth in the world and all the financial freedom in the world, but you are not meant to be free.
3) The reason why dilemmas are so challenging to address is because they’re both a wealth decision and a life decision. Hitting the intersection of wealth and life makes things a lot more emotional and a lot tougher to handle.
Sponsors
NetSuite: It’s a dangerous time to not know your numbers, and right now NetSuite is offering a one-of-a-kind flexible financing program. Visit NetSuite.com/fire to learn more!
HubSpot: Building a business is challenging enough; your tech stack shouldn’t make it harder! Learn how HubSpot can help your business grow better at Hubspot.com.
Show Notes
**Click the time stamp to jump directly to that point in the episode.
Today’s Audio MASTERCLASS: The Business Owner’s Dilemma
[1:25] – Ali shares something that he believes about becoming successful that most people disagree with.
- People assume entrepreneurs or business owners have confidence. In reality, it’s a function of courage. They have the courage to take risks and get back on their feet. Courage is the underlying trait that makes them do what they do.
[2:39] – What’s the purpose of The Business Owner’s Dilemma?
- While business owners have financial independence, a majority of them are struggling. They are struggling with the life side of things
- Wealth is a means, not an end. You can have all the wealth in the world and all the financial freedom in the world, but you are not meant to be free.
[6:39] – 3 dilemmas every business owner will face.
- The first is the reinvestment dilemma
- Second is the legacy dilemma
- Third is the exit dilemma
- The reason why dilemmas are so challenging to address is because they’re both a wealth decision and a life decision. Hitting the intersection of wealth and life makes things a lot more emotional and a lot tougher to handle.
[9:00] – The reason why planning is different for entrepreneurs.
- Entrepreneurs are wired differently than most individuals. Your goals and desires for control are very different than anyone else.
- Entrepreneurs love control. They love simplifying the equation versus making it complicated.
[11:10] – A timeout to thank our sponsors!
- NetSuite: It’s a dangerous time to not know your numbers, and right now NetSuite is offering a one-of-a-kind flexible financing program. Visit NetSuite.com/fire to learn more!
- HubSpot: Building a business is challenging enough; your tech stack shouldn’t make it harder! Learn how HubSpot can help your business grow better at Hubspot.com.
[14:30] – Why don’t entrepreneurs retire?
- When you are an artist and have sold enough artwork to reach financial independence, it doesn’t mean that you’ll stop painting. As an entrepreneur, you’ll always be looking for ways that you can create value and opportunities you can capture.
- Know the Return On Life Experience. The ROLE you want in life.
- An entrepreneur’s version of retirement is pursuing their purpose.
[17:50] – The W.I.S.E. Framework.
- W.I.S.E. > Wealth Integration System for Entrepreneurs.
- As entrepreneurs, we don’t have a framework to see our position more clearly. Having a lens or a framework is very helpful so we can be more intentional and have the integration with what we desire.
[23:54] – Thank you to our Sponsors!
- NetSuite: It’s a dangerous time to not know your numbers, and right now NetSuite is offering a one-of-a-kind flexible financing program. Visit NetSuite.com/fire to learn more!
- HubSpot: Building a business is challenging enough; your tech stack shouldn’t make it harder! Learn how HubSpot can help your business grow better at Hubspot.com.
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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