Following the path of entrepreneurship is not this magical world people tell us on social media. It takes hard work, sleepless nights, and a great amount of effort. That is the topic of this week’s episode of the Hidden Potential Podcast. Sarah Saffari interviews Kate Hancock and Dan Robbins. They talk about the real ups and downs of running a business, how to start small and expand with time, and why it’s important to know and have the consciousness that freedom comes with responsibility.
“People say ‘I’m going to start a business and I’m going to be free!’. Actually, starting a business takes away your freedom because now you’re responsible 24/7.” – Dan Robbins
Needless to say, starting a business and working for yourself is doable. If you have a plan, a smart strategy and the patience required for the job you will eventually “get there” and be successful. In this episode, you will also hear some great insights on the different business models that are out there, which one is better for you and which one best suits your personality and current circumstances.
“It’s ok if you’re doing it all yourself, but if you want to have freedom and scale that’s when you need more capital to hire people that could run it for you. Then you can just travel the world.” – Kate Hancock
To finish it all up, Kate and Dan share the details about working as partners and as a couple. For them it’s fundamental to identify the fine line between business hours and family time; scaling not only your professional, but also your personal life.
About Kate and Dan
Kate Hancock and Dan Robbins are entrepreneurs, mentors and owners of IBH MEDIA. Through their company, Kate and Dan inspire and help people achieve success by investing in an entrepreneur career. One of the missions of the company is to invest in women led startups. They also spread their message podcasting: check out Inspired by Her Podcast!
[01:43] – How Kate and Daniel went from couple to business partners;
[04:00] – Daniel’s outset as an entrepreneur;
[05:39] – How Kate scaled her business at a fast pace;
[07:11] – How they managed making money all of a sudden (mindset shifts);
[12:57] – The 1 thing people need to know before stepping into entrepreneurship;
[15:23] – Should you just go out and try entrepreneurship?
[23:06] – 5-year-plans and the different business models;
[34:29] – Pros and cons of running a business as a couple;
[38:35] – How to be resilient nowadays;
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