Entrepreneurs come in all types. Just like in TV, movies, and theater, there are character archetypes in the entrepreneurial world. Jeffrey Madoff and Dan Sullivan discuss the ways entrepreneurs can differ from one another, what all of them have in common, and some of the traits they need for success.

Show Notes:

The earliest definition that fits entrepreneurs of today is: an entrepreneur is someone who takes a resource from a lower level of productivity to a higher level of productivity.

Society is generally pretty forgiving of entrepreneurs because they move things forward that benefit a lot of other people.

There are entrepreneurs who raise the value of something, but it only benefits themselves.

Some entrepreneurs’ work robs and endangers people.

The basis of entrepreneurism is someone who has a conception of the future where they can be better off if they take certain actions that would be daunting or even dangerous for other people.

With entrepreneurs, as with fictional characters, it's about the individual decisions and actions that they take and the consequences of them.

To achieve their goals, both entrepreneurs and story heroes have to make sacrifices.

The founders of the U.S. were basically all involved in entrepreneurial activities.

Wanting to have more power isn’t necessarily bad.

As you become more successful, you need to reinvent yourself.

Resources:

Welcome to Cloudlandia podcast

The Power of Film by Howard Suber

Deep D.O.S. Innovation by Dan Sullivan

Unique Ability®

The 4 C’s Formula by Dan Sullivan

Learn more about Jeffrey Madoff

Dan Sullivan and Strategic Coach®

Do you see yourself as normal, or do you embrace your weirdness? Dan Sullivan and Jeffrey Madoff explore the nature of normality and weirdness, reflecting on their personal experiences. They discuss the importance of self-consistency, the impact of external perceptions, and how curiosity fuels personal growth and authenticity.

Show Notes:

Most people consider themselves normal and view anyone who perceives them as weird as weird in turn.

You don’t have to take it personally if someone calls you weird.

As an entrepreneur, you’ll likely find that other entrepreneurs share your understanding of what’s considered normal, more so than those outside your field.

You can remain true to yourself across a variety of activities and experiences.

Some people view significant life events as opportunities to reinvent themselves.

If you’re consistent, people who reinvent themselves might mystify you.

Reinventing oneself often involves distancing from people from the past.

A good story is better than a good statistic.

If what you’re doing works for you, that’s a solid reason to remain consistent in your approach.

A person behaving inconsistently might be trying to please others rather than please themselves.

Resources:

Your Business Is A Theater Production: Your Back Stage Shouldn’t Show On The Front Stage

Perplexity

Learn more about Jeffrey Madoff

Dan Sullivan and Strategic Coach®

What is it about creative people that sets them apart? Why can some people consistently create new things while others can’t? Dan Sullivan and Jeffrey Madoff discuss the individuals who bring new value into the world and the best ways someone in business can use their creativity.

Show Notes:

• Quality is the foundation of every successful business plan.
• Never say no to yourself; there are plenty of others who will do that for you.
• Instead of wasting time pondering your ideas, you often just need to take action.
• No one has ever spent any time in the future or in the past. All we have is the present.
• Many people dismiss ideas prematurely without knowing how they might turn out.
• The majority of people struggle to engage directly with the marketplace.
• Creativity isn’t only about having a unique vision. It’s also about taking that vision and being able to replicate it.
• You can replicate a creation, but not its creator.
• To build a thriving business, focus on faithfully replicating what has been successful in the past.
• Every new creation has a limited lifespan; innovation is the key to longevity.
• Balancing creativity with consistency is crucial. Too much focus on expansion can dilute the original experience.
• Your customers are 50% of your creative team. Their feedback and insights matter.
• Beware of letting greed influence your creative process. Passion should come before profit.

Resources:

Personality: The Lloyd Price Musical

Your Business Is A Theater Production: Your Back Stage Shouldn’t Show On The Front Stage

Learn more about Jeffrey Madoff

Dan Sullivan and Strategic Coach®