162: Patience and Pace in Business

Day One Dollar Zero

The conversation revolves around the concept of patience and pace in business. Will and Eli discuss the importance of understanding that being patient does not mean being complacent or slowing down. They emphasize the need to maintain a steady pace while also taking on one big project each year to continue growing and evolving. They share their own experiences of building their real estate business and the various projects they have undertaken, such as starting a team, launching a podcast, and building a YouTube channel. They also highlight the importance of going deep on a specific topic or strategy rather than spreading oneself too thin. Will stresses the need to love the process and the game of business, rather than being solely focused on the end result or accolades. The conversation covers various topics related to personal growth, work ethic, entrepreneurship, and self-awareness. Eli discusses his fear of not achieving his goals and the importance of building and scaling a business. He also talks about the value of work ethic and how entrepreneurship can lead to self-growth. The conversation touches on the topic of validation and the need for recognition, as well as the importance of recognizing personal progress and growth. The conversation concludes with a discussion on the effectiveness of routines and the importance of self-awareness in determining what works best for individual success.

Chapters

00:00

Introduction

01:25

Understanding Patience and Pace

02:50

One Big Project a Year

07:12

Going Deep on a Specific Topic

09:37

Maintaining a Steady Pace

12:58

Finding Joy in the Game of Business

28:19

Overcoming Fear and Setting Goals

30:03

The Journey of Self-Growth in Entrepreneurship

34:33

Recognizing Personal Progress and Growth

35:30

The Effectiveness of Routines

38:18

The Importance of Self-Awareness in Success

Takeaways

• Being patient in business does not mean being complacent or slowing down. It is about understanding that growth takes time and being persistent in pursuing your goals.
• Maintaining a steady pace while taking on one big project each year allows for continuous growth and evolution.
• Going deep on a specific topic or strategy is more effective than spreading oneself too thin and trying to do too many things at once.
• It is important to love the process and the game of business, rather than being solely focused on the end result or accolades. Fear of not achieving goals can be a powerful motivator
• Entrepreneurship requires self-awareness and self-growth
• Recognition and validation should come from personal progress and growth
• Routines should be effective and tailored to individual needs
• Self-awareness is key in determining what works best for individual success