Entrepreneurship is hard.
That’s why most (85%!) of new businesses fail. But it’s not that the ‘businesses’ fail, it’s the people who built them either give up, make a wrong turn, loose their edge, or fail to pivot/diversify. Persevering – and then eventually succeeding as an entrepreneur – requires a sharp mental focus, physical health, emotional stability, and business smarts.
I’ve been through the ups and downs of entrepreneurship. I’ve built some large income streams and lost tons of money along the way. There were times – in the beginning – when I lost ‘everything’ and my credit card debt was quite scary. I had to borrow money to pay the rent. But every month I was able to rebuild, improve, and do better. 1% better every day.
Today, I am on a longest streak of ‘entrepreneurial success’ and I credit the podcasts listed below for a helping me devlop the right mindset and business strategy. Since I left my 9-5 job, I’ve never been pushing myself so hard to develop the habits of a successful entrepreneur.
Every time I failed miserably, I was: taking big bets, I was careless, I wasn’t diversifying, I wasn’t too healthy, I didn’t sleep enough, I was anxious and stressed out, and worked too many hours.
Make no mistake, the wild Silicon Valley parties you witnessed in the Facebook movie are in large part a myth of entrepreneurship. According to research by Vivek Wadhwa, an academic and tech entrepreneur, and the Kauffman Foundation, the average age of successful entrepreneur in high-growth industries was 40.
The successful entrepreneurs I follow on iTunes are no college frat boys or party animals. Rather, they go to sleep at a decent hour, wake up by 6am, read, exercise, eat healthy, travel, spend quality time with their friends and families, surround themselves with supportive people, are hyper-productive, and come up with ideas daily to constantly grow, compound, and innovate. An average millionaire in America has between 7 and 15 income streams.
Find your entrepreneurial mentors on iTunes
Looking for a mentor? Forget about cold emailing busy entrepreneurs asking them to have a cup of coffee with you and become your mentor. They rather mentor thousands young entrepreneurs2 at a time; find them on iTunes and tune in right now!
Podcasts have been the lifeblood of mentorship I needed to survive and preserver as an entrepreneur. Today, I listen to podcasts almost every single day. I also read books for about two to three hours a day (here are 8 growth hacking titles every entrepreneur should read). You need these mentors on your entrepreneurial journey!
Podcasts allow these successful entrepreneurs to bring a variety of ideas, guests and perspectives to the table. Podcast format makes them listen to on the go. Podcasts make your entrepreneurial learning simple – what more could a busy entrepreneur ask for?
Top 6 Business Podcasts for Entrepreneurs
The podcast below discuss the following key entrepreneurial habits:
- Hacking: how to maximize performance and growth leveraging creative, non-traditional tools
- Unconventional Lifestyle: how to work from home or travel around the world
- Internet Smarts: how to tap into the great riches of the Internet and get free traffic
- ABS: how to develop ‘always be selling’ mindset
- Healthy Life: how to be physically healthy so that your body can handle high stress and uncertainty
- Productivity: how to optimize your time, resources, everything; your business depends on it!
- Marketing: how to create viral campaigns on zero budget
- Mental Fitness: how to become an idea machine
- Passive Income: how to transition from active to passive income to earn your freedom
Here are 5 business podcasts from hard-hitting entrepreneurs you should start following today:
James Altucher is a successful entrepreneur, investor, board member, and the writer of 11 books including the recent WSJ Bestseller, “Choose Yourself!” (foreword by Dick Costolo, CEO of Twitter). He has started and sold several companies for eight figure exits. He’s on the board of a billion revenue company, has written for The Financial Times, The New York Observer, and over a dozen popular websites for the past 15 years. He’s run several hedge funds, venture capital funds, and is a successful angel investor in technology, energy, and biotech. He has also lost all his money, made it back, lost it, made it back several times and openly discusses how he did it in his columns and books.
Grow your business by improving your capabilities and connections. Learn from business pros and owners just like you. Hosted by Chris Brogan and the rest of Owner Magazine’s staff.Chris Brogan explores how people use content and community to build marketplaces around areas of belonging. He is CEO of Owner Media Group, a sought after public speaker, and the New York Times bestselling author of eight books and working on his ninth. Ask him about it! Learn more about him at chrisbrogan.com.
Your daily dose of inspiration on how to Choose Yourself from James and Claudia Altucher, who are by far my favorite enteprenuers toget advise from. Claudia and James love answering their listener’s questions on air and would love to answer yours, which you can enter here. Ask Altucher covers variety of topics from entrepreneurship to digital technologies to life hacking and wealth. I highly recommend it.
Tim Ferriss is a self-experimenter and bestselling author, best known for The 4-Hour Workweek, which has been translated into 40+ languages. Newsweek calls him “the world’s best human guinea pig,” and The New York Times calls him “a cross between Jack Welch and a Buddhist monk.” In this show, he deconstructs world-class performers from eclectic areas (investing, chess, pro sports, etc.), digging deep to find the tools, tactics, and tricks that listeners can use.
Pat Flynn from The Smart Passive Income Blog reveals all of his online business and blogging strategies, income sources and killer marketing tips and tricks so you can be ahead of the curve with your online business or blog. Discover how you can create multiple passive income streams that work for you so that you can have the time and freedom to do what you love, whether it’s traveling the world, or just living comfortably at home. Although Pat confesses he is not a millionaire, he’s been supporting his family 100% with passive income generated online, easily earning a six-figure salary while working only a few hours a week. Automation, outsourcing, crowdsourcing, search engine optimization, building authority and trust, niche sites, social media, Facebook, Twitter, YouTube, Podcasting, eBooks, online courses, affiliate marketing, getting things done and everything that works (and doesn’t work) to help you better understand how to crush it with your online business.
Lewis Howes is an author, Lifestyle Entrepreneur, former pro athlete and world record holder in football. The goal of the School of Greatness is to share inspiring stories from the most brilliant business minds, world class athletes and influential celebrities on the planet; to help you find out what makes great people great.
What’s your favorite business podcast for entrepreneurs?