The Blog of Jake Kelfer
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Call me crazy, determined, motivated, or whatever you'd like, but I like to spend my free time watching several tv shows that help me become a better entrepreneur, leader, and motivator.
This past weekend I was up early on Sunday and decided to spend my morning with Marcus Lemonis and watch multiple episodes of The Profit. For those of you that don't know, The Profit is a show on NBC where Marcus Lemonis lends his expertise to struggling businesses in various industries across the country while using his famous People/Process/Product principle.
While I was watching for entertainment, I was really fascinated by how Marcus approaches each company and its people while also focusing on how each company handles his involvement.
The episodes I watched were all very good, but unfortunately, a couple of them ended negatively. I thought a lot about why this happened and came up with 5 lessons everyone should understand.
1. Be open to feedback. When you run a company you can become obsessed and attached. That's great, but you have to be open to feedback and suggestions. Too often, people are so deep into their idea or company, that they ignore everyone trying to help them or think only their ideas are good. I understand that it's your baby and you want to do it your way because your way has worked so far, but to grow we need to be open.
2. Be willing to learn. This is especially true when the person advising you is an expert. When you are trying to build something or become better, you have to be in a state of continuous learning. Always continue to learn from books, people, experts, coaches, and definitely people who have done what you are trying to do. No one in the world knows everything about everything. Don't think you're the exception.
I make it a point to always be reading or connecting or watching videos that might help me gain an advantage or my competition or that will better myself in some way.
3. People are everything! Your employees, your customers, and everyone around you including yourself is what makes success happen. Give more, add value, create opportunities, be grateful, and love the chance to connect with people. My friends at Liquid I.V., Feat Socks, MVMT, Cuts Clothing, and Character Strong are just a few who understand this idea.
4. Don't just trust the process, but ENJOY it! It's hard to build a business or a life you love. It's challenging to overcome adversity and rise above. It's difficult to be criticized even if it's constructive. As you go through life, it won't always be easy but if you enjoy it for what it is, great things will happen along the way.
5. Take action. If you get feedback, interpret it and take action. If you need to learn, take action and buy a book, hire a coach, invest in yourself. If you understand people are everything, take action to treat them better and make them feel valued. If you want to enjoy the process, take actions each day to help you do so.
In everything that we do, there's always something we can do to be better. Whether you are building a company or trying to live a rich and happy life, these lessons can apply to your daily life.
What lesson resonates most with you?