Scott Oldford started his first business when he was a child selling eggs. That business grew, yes it was a business, and as he grew he moved on.
He was a golden child and, as he said, he felt like he had the Midas Touch. And then the roller coaster ride began.
Here’s what Scott and I discuss in this show:
- How the people around him gave him a false sense of business invincibility.
- How that opinion kept him taking bigger risks, which led to his eventual collapse.
- How he prevents that false security today, and why you want to do the same.
- How he went to receive an American Express Innovators Award while his business was failing.
- How he found himself $726,000 in debt and how he climbed out.
- The question that blew him away and made him realize he wasn’t what he thought.
- Why he attributes Chris Brogan to his change of attitude and ability to please everyone.
- Why he wakes up feeling like he has a gun to his head and how that motivates him.
- How he analyzes every dollar spent now.
- Why Scott is still haunted with the thought, “This ride is going to crash,” despite business being better than ever.
- How he makes faster decisions.
- How he quickly cuts losses now. And how that’s changed his business.
- How to avoid big gambles in any one project.
- The importance of your “emotional immune system.”
- How he surrounds himself with the right people now.
- Why it’s important to have a broke mindset.
- How he plans on impacting 100,000 entrepreneurs with his business model.
- Why it’s important for you to build value with someone before you can ask for help.
Enjoy the show: