Manage episode 327466703 series 1752932
Many years ago, I introduced a new format that alongside our regular episodes called “Lessons for Hannah.” Hannah is my daughter and one of the main inspirations for the Misfit Entrepreneur. I wanted to have a place where she could go and learn from her daddy and his Misfit friends throughout her life…. even after I am gone. If you haven’t listened to the first episode of Lessons for Hannah, I urge you to as it gives some more background and tells the amazing story of how Hannah came to be in our lives.
Lessons for Hannah are short, very useful, and sometimes comical lessons, that I want to share with you and give to Hannah to help in your lives. Because I want Hannah to have these for her life, I’m going to speak as though I am talking directly to her. These episodes are a lot of fun and if you think there is a lesson that we should include in these episodes, please don’t hesitate to send it over to us at email@example.com. We’d love to share it.
Ok, so here goes…this week’s Lesson for Hannah.
Hannah, In this episode, we celebrate the 300th episode of the Misfit Entrepreneur. And it’s only fitting that it should be a Lessons for Hannah episode. Wow, 300 episodes – that is almost 6 years’ worth of interviews from the top entrepreneur and minds in their areas of expertise. First, I want to give my sincerest thanks to all of you that support and listen to the show. You are the best audience anyone could ever ask for. Second, I can honestly say at this point that you can find an expert on pretty much any topic in business and entrepreneurship amongst the Misfit Entrepreneurs. And I would put the content produced by this show and these entrepreneurs up against any MBA program in the world. In fact, if I can be so bold, I would say that if someone listens to the Misfit Entrepreneur for 1 year and puts the wisdom and guidance shared by these amazing entrepreneurs into practice in their lives, they will be light years ahead of most MBA programs.
Why do I say that and why is it important? Because it is part of the lesson I want to teach you today. As I write this, the world is in turmoil. Not that there isn’t always something going in the world, but particularly this time in history, I think, will end up being significant. Why? Because when history looks back at this time period, it will have a lot to keep up with. We just came out of a pandemic after 2 years where unprecedented measures were taken – in many cases to unimaginable extremes. Coming out of the pandemic, the US and the world has had to contend with a generational economic upheaval that is still in progress and will be for some time. On top of that, we have a major war in Europe in which one side, Russia, more and more, is talking about the use of nuclear weapons. We are seeing supply shortages of many things, but especially food and energy throughout the world. And if that is not enough, we have had governments create massive amounts of debt printing money to no end and injecting it into economies alongside the supply shocks, causing Inflation to reach 40-year highs.
So, what is the lesson I want you to learn in the midst of all of this. First, those that can understand, but separate themselves from all that is happening in the world, and see the “forest through the trees” will find massive opportunities. To do that, they will need to self-educate and take lessons from history. For example, we have been in this situation with inflation before from 1972-1983. If you study this period, it will give you some great insight into what to expect during these times and where opportunities are hidden.
Second, you must think independently and not follow the herd. I amazed at how many things are upside down from even just a few years ago. People scream things like “follow the science” only to change what “the science” is 2 days later. We cannot even agree on how many genders there are anymore. The number seems to change by the week. We are told that down is up and up is down and that things we know to be true are no longer true – things that have held up since time has been recorded in some cases. This where history comes in again. Throughout our human history there have been many times where we did ridiculous things, and the herd, the majority went along with it. There was a time when the consensus of the world was that it was flat and anyone who said it wasn’t, was shunned. We used to burn people at the stake because the herd somehow in a perverted way of thinking claimed them to be witches. In more recent times, we were told that wearing a mask from the time we enter a restaurant to the time we sat down, was needed to prevent getting a virus, but once sitting, we could take it off and breath openly, and everything would be fine – but we would have to put it back on again to leave the restaurant. Regardless of your view on masking, there is no science behind that – its just the herd mentality at work.
The major point I want to make in this lesson is that there are going to be times of turmoil in your life where it seems like the world is on fire and the herd is going in a direction that defies the reality that we know to be true and that has proven to be true. Hannah, it is during these times that the most successful keep their wits about them and stay grounded finding amazing opportunities. But you must be prepared and that comes from self-education and independently thinking things through – not just going along with the herd. Be curious and don’t be afraid to ask questions and challenge the herd mentality. In fact, one of my favorite quotes is from Thomas Jefferson where he said, “Question with boldness even the existence of a God; because, if there be one, he must more approve of the homage of reason, than that of blind-folded fear.” This quote sums it up. Question things with boldness for the truth will hold up in the end vs. following the herd out of fear and going along with things that are not true. Hannah, this may be one of the most important lessons I can ever give you and I hope that you take it to heart and use it throughout your life. This lesson has served me very well in life and in business, and as I think through over 300 episodes of speaking to some of the greatest minds of our time, I find that that they embody this mentality as well.
Hannah, there are so many other lessons to share you and many new ones for me to learn and I look forward to sharing them over the next 300 episodes!
I love you,
Best Quote: If I can be so bold, I would say that if someone listens to the Misfit Entrepreneur for 1 year and puts the wisdom and guidance shared by these amazing entrepreneurs into practice in their lives, they will be light years ahead of most MBA programs.
You must learn to think independently of the herd and logically make decisions.
There are going to be times of turmoil in your life where it seems like the world is on fire and the herd is going in a direction that defies the reality that we know to be true and that has proven to be true. It is during these times that the most successful keep their wits about them and stay grounded finding amazing opportunities.
Question things with boldness for the truth will hold up in the end vs. following the herd out of fear and going along with things that are not true.
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