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Always Take Money Off The Table

Podcast |: Startup Therapy
Publisher |: Startups.com
Media Type |: audio
Podknife tags |: Business,; Entrepreneurship,; Health,; Mental Health,; Startups
Categories Via RSS |: Business
Publication Date |: Apr 03, 2023
Episode Duration |: 00:35:42

In today’s Startup Therapy Podcast, Wil and Ryan discuss how founders often miss out on paying themselves and why it's essential to grab the chance when it happens. You know how some founders think, "I don't deserve this yet" or "I should put this money back into the business"? Rather than risking a missed chance, it's best to take advantage of the opportunity while it's available. You might not get this chance again, o seize the moment and take that money off the table now.

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Resources:

Startup Therapy Podcast
https://www.startups.com/begin
Join our Network of Top Founders
Check in with us on LinkedIn | Wil Schroter | Ryan Rutan

What to Listen For

00:00 Intro
02:27 The “I don’t deserve this yet” mindset
05:18 Slowly taking chips off the table
08:51 Think of it as your money
15:01 Take that shot right now
17:33 Belief in exponentially as a certainty
22:56 The probability of that greater future is low
26:18 You’re digging a hole for yourself
28:03 Take it and just give it back
29:08 How to think of losing when you’re in the process of winning
33:46 The opportunity might never happen again, so just grab it

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