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🗣 In this episode of the Dropship Unlocked Podcast, hosts Lewis Smith and James Eardley delve into the intricate balance between personal relationships and the pursuit of financial freedom in the world of e-commerce.
They share their insights and experiences on maintaining strong connections with family and friends while navigating the entrepreneurial journey.
👉 Do you know someone who would love this? Share this video ➡️ https://youtu.be/RlVJ6Q-Z-DU?si=nEATzjIdNBLR1KPH
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Links and Resources Mentioned:
For Aspiring Business Owners or Side Hustle Seekers Based In the UK…
New Book Reveals How To Launch A Low-Maintenance High-Profit E-Commerce Business Using The UK "Home-Turf Advantage”…
While also enjoying more time with your family, being free to travel, and setting the hours you work.
Click here to get your copy >>> https://www.htabook.com/?el=blog-40-navigating-personal-relationships-in-business
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Links and Resources Mentioned:
Get Shopify for £1 a month for 3 months: https://www.dropshipunlocked.com/shopify
Get a free trial with a professional phone line: https://www.dropshipunlocked.com/circle
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Key Takeaways:
★ Clear Communication: Openly communicate your entrepreneurial journey with family and friends to manage their expectations effectively.
★ Healthy Boundaries: Setting clear boundaries between personal life and business commitments helps maintain relationships without strain.
★ Inclusive Decisions: Involving your spouse or partner in business decisions can provide valuable insights and strengthen your connection.
★ Shared Milestones: Celebrating business achievements together with loved ones fosters a sense of shared success and support.
★ Prioritise Supportive Relationships: Prioritise relationships with individuals who support your goals and aspirations, and understand that evolving social circles can be a natural part of growth.
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Learn More:
➡️ When people are ready to create time and financial freedom for themselves, they visit - https://www.dropshipunlocked.com/free?el=blog-40-navigating-personal-relationships-in-business
➡️ Subscribe to The Dropship Unlocked Podcast to stay up-to-date on the latest episodes, and leave a like to help others discover the show.
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Topics Discussed:
In this episode of the Dropship Unlocked Podcast, hosts Lewis Smith and James Eardley share their experiences and insights about the challenges of maintaining personal relationships while pursuing financial freedom through entrepreneurship. They discuss the importance of having supportive partners and the initial resistance encountered when sharing business plans with loved ones.
The speakers emphasise the value of involving family members in the business journey for shared goals and collaboration, while also acknowledging the importance of balance and communicating milestones and achievements. They emphasize the role of being open and clear about one's feelings and intentions, as well as the value of having the right support system and letting go of negative influences.
The episode also addresses concerns about the technical aspects of starting a dropshipping business and reassures listeners that Shopify is user-friendly and support from outsourced experts or supportive communities can help overcome technical challenges. Overall, the episode encourages entrepreneurs to trust their vision, remain focused on their goals, involve loved ones in their journey, and make sacrifices to surround themselves with supportive individuals
00:00:00 In this section of the Dropship Unlocked podcast, hosts discuss the challenges of maintaining personal relationships while pursuing financial freedom through entrepreneurship. According to Lewis, who prioritised his family and close relationships throughout his business journey, many people struggle to communicate their dreams and plans to their family and friends. In his experience, he found that having a supportive partner or sounding board was essential during the early stages of building a business. However, initially, he encountered resistance when sharing his plans, which he attributes to his loved ones' concern for his well-being and the psychological journey required to embark on entrepreneurship. Lewis eventually found success with the high ticket Dropshipping business model, which allowed him to achieve location independence and more time with his family.
00:05:00 In this section, Lewis discusses the challenge of getting family and friends to understand and support their entrepreneurial pursuits. The speaker explains that parents of previous generations were accustomed to working for one company for their entire career, making it difficult for them to grasp the idea of starting a business. The speaker shares that they struggled to understand why their parents didn't support their business dreams immediately but realises now that they hadn't gone through the same journey of discovery. The speaker uses the analogy of being forced to read books in school and not enjoying it, whereas discovering books on their own led to a love of reading. The speaker suggests that families and friends need to go on the journey of discovery for themselves and that providing them with materials may help. The speaker acknowledges that some may not want to go on the journey and that it's essential to respect their decision. The speaker shares that showing evidence of success was the only way for their parents to truly understand the business.
00:10:00 In this section, Lewis recalls the pressure to follow a stable career path with good benefits, as opposed to pursuing entrepreneurship. He acknowledges that family and societal expectations can foster the belief in the safety and stability of a corporate job. However, the speaker emphasizses that this mindset can prevent one from reaching greatness, wealth, and happiness. Drawing from his personal journey, he reflects on the moment of realisation that changed his course and motivated him to start a business, despite potential risks and initial resistance from family members. He discusses the value of involving loved ones in the entrepreneurial journey, citing his wife as an essential support system, advisor, and sounding board throughout the process.
00:15:00 Lewis and James discuss the importance of involving family members and partners in business ventures. Lewis shares how his partner helped his business grow by providing different skill sets and feeling part of the project, leading to a shared vision of future goals. They write down their personal and business goals together on New Year's Eve and focus on creating a fulfilling family life through their businesses. The speaker also advises being open and clear about your feelings and reasons for starting a business with your spouse or partner and involves them in decision-making processes for shared ownership and collaboration.
00:20:00 In this section, James shares insights on maintaining relationships with family and friends during the entrepreneurial journey. He emphasises the importance of communicating business milestones and achievements to loved ones and involving them in the celebration process. The entrepreneur also talks about the need for balance, acknowledging that as businesses grow, there might be a need to surround oneself with like-minded individuals and possibly let go of some friendships that hinder progress. Additionally, the entrepreneur acknowledges the challenge of balancing business growth with social activities and suggests prioritising business focus to ensure success. Throughout the conversation, it is apparent that building and maintaining strong relationships is essential for entrepreneurs, just as much as financial success.
00:25:00 Lewis discusses the importance of aligning personal goals with friendships. He emphasizes that sometimes, individuals may need to make sacrifices to surround themselves with people who support their ambitions. The speaker also encourages open conversations about goals and emphasises the importance of integrity in sharing business ventures with close friends and family. Balancing personal relationships with the pursuit of financial freedom can be challenging, but the speaker advises setting clear boundaries, being transparent, and prioritising both aspects of life.
00:30:00 Lewis shares his personal experience about bringing loved ones on board with his entrepreneurial journey, and the importance of having the right mindset and distance from those who don't understand it. He emphasises the need to communicate the journey and its goals effectively to those close to us, and to be selective in taking advice from people who have not walked the same path before. The speaker also acknowledges that sometimes, despite best intentions, some people may resist and try to hold us back out of love or fear of change. He advocates being aware of such situations and evaluating whether those individuals are truly supportive or not, and being willing to let go if necessary. Overall, the speaker encourages entrepreneurs-to-be to trust their vision, remain focused on their goals, and not let negative influences hinder their progress.
00:35:00 James addresses the concern of a listener who is not very tech-savvy and wonders if this will hinder her success in a dropshipping business. The host reassures that technical expertise is not a requirement for running a successful business using the Shopify platform. The host explains that Shopify is user-friendly and easy to use, and business owners can outsource technical tasks to those with the necessary skills, allowing them to focus on other aspects of the business. The host encourages her to take advantage of the resources provided in the Dropship Unlocked Masterclass, including over-the-shoulder tutorials, which make complex tasks manageable and provide access to a supportive community to help overcome any technical challenges. The host also reads a positive review from a listener named Nick, who appreciates the podcast's inspiring personal stories and business-building advice.
00:40:00 Finally, the hosts suggest ways to involve family and friends in one's business journey. They recommend sharing the podcast with them, starting conversations about business goals, and working together towards financial freedom. The episode concludes with an invitation to grab a copy of the host's book, "The Home Turf Advantage," for those interested in starting their high-ticket drop shipping business. Listeners are also encouraged to subscribe to the podcast, leave a review, and stay tuned for the next episode.
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