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Leadership LiveAuthor: Daphna Horowitz
Hosted by Daphna Horowitz global CEO coach, actuary, speaker and adventurer Leadership Live podcast brings you insights, tips and conversations to help you become an extraordinary leader in your business and life. If youve asked yourself, how can I be a better leader? If you desire clarity, confidence and a winning leadership style to maximise your impact and results, Leadership Live podcast is the podcast for you. Its the podcast that cuts through the noise and helps leaders focus on what matters most, with practical habits and tools to apply in your business and your life. If you're ready to take your leadership to the next level, if youre searching for more purpose or you just need extra inspiration or motivation, tune in to Leadership Live Podcast. Follow Daphna on LinkedIn at www.linkedin.com/in/daphnahorowitz/ Language: en Genres: Business, Entrepreneurship, Management Contact email: Get it Feed URL: Get it iTunes ID: Get it Trailer: |
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EP 73 - Overcoming ego to maximise business growth and potential with Richard Parker
Episode 14
Monday, 20 May, 2024
Richard Parker, an expert in acquiring businesses, shares his journey of transforming business aspirations into reality. After facing a crossroad in his personal life, he realized the importance of making decisions based on uncertainty and the worst-case scenario. He emphasizes the value of buying a good business at a great price, rather than starting a risky startup. Richard also discusses the importance of humility and surrounding yourself with people who are smarter and more skilled. This episode offers valuable insights for aspiring entrepreneurs and business owners. About the guest: Richard Parker is an expert in acquiring businesses and has transformed business aspirations into reality for over 30 years. He has acquired 13 companies and one co-investment, ranging from $50,000 to over $200 million. Richard's program, "How to Buy a Good Business at a Great Price," has empowered and guided prospective business buyers in 80 countries around the world. He has been featured in top-tier publications such as Forbes and The New York Times and has written over 300 published articles showcasing his authority in the field. Richard also served as a mentor in the Dalio family office, working with Ray Dalio's son and imparting the art of acquiring businesses. Resources: website: www.RichardParker.com Linkedin: https://www.linkedin.com/in/richparker1/ Facebook: https://www.facebook.com/RichardParkerDiomo Instagram: https://www.instagram.com/richardparkerdiomo/ Youtube channel: https://www.youtube.com/@richardparkerdiomo Timestamps: 2:44 Facing crossroads in business and personal life 7:30 Acquiring a business after stock market investment went bust 10:11 There are no guarantees with a Startup 14:00 An MBA doesn’t mean that you know how to become a business owner 16:13 When you don’t have options, it is incredibly easy to make decisions 18:11 Thinking outside the box 20:08 Mitigating risks 26:25 What is the mission plan? 29:25 Startups are like adding jet fuel to the economy 35:21 Overcoming ego 41:49 Learn about yourself by asking questions 44:50 Embrace being wrong 45:20 A Small habit that has made a difference 47:55 Linking what you do to what you can do for the community 51:10 Connect with Richard Parker Key Takeaways: Richard Parker's personal crossroads, including his decision to separate and get a divorce, served as a catalyst for change and prompted him to evaluate his life and make important decisions. Acquiring existing businesses can be a more practical and lucrative option compared to starting a startup, as it provides immediate income and the potential for growth through acquisitions. When faced with uncertainty, it is important to determine the time available to make a decision and allocate probabilities to potential outcomes to make a better decision. Richard emphasizes the importance of humility and surrounding oneself with people who are smarter and more skilled, as this leads to personal and professional growth. Successful business owners often focus on building a great business or empowering others rather than solely pursuing financial gain. Connect with Daphna: www.daphnahorowitz.com https://www.linkedin.com/in/daphnahorowitz/ https://www.facebook.com/PEACSolutions Did you enjoy this episode of Leadership Live podcast? Leave us a review HERE.
