April 2, 2024 • 43 mins
Building a business is no joke, and we're not about to sugarcoat it. We're getting raw and real about the sacrifices, financial hurdles, and the often untold stories of the entrepreneurial journey. This conversation is an open book on the true cost of chasing those dreams. We stand with you, fellow entrepreneurs, in the trenches of this wild ride.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hey, what's happening .
Speaker 2 (00:02):
You were going to tell me a story about something,
and then I was like, hold on,let's talk about this on the
podcast.
Speaker 1 (00:08):
Yeah, let's just hit record, and then the great thing
about that is like easy contentyeah.
Just take our actualconversation.
Hit record Boom Podcast,episode Boom.
Speaker 2 (00:21):
Yeah, so tell me Now.
I'm very interested in whatyou're going to tell me.
Speaker 1 (00:26):
Well, prepare to be, I don't know, maybe disappointed
, because it's not thatinteresting.
Speaker 2 (00:33):
No, it's interesting.
Speaker 1 (00:35):
Let's see.
So I found this website today.
I don't know if you know thisperson.
There's this person that I know, simona Constantini.
She's a delightful person.
She's actually a podcast coach,so she helps people start and
grow podcasts right, and so Ifollow her.
(00:56):
We follow each other onInstagram and the other day she
posted that her podcast hadreached this.
It was like number 13 in thisranking of like self-love
podcasts or something and I waslike looking at this post and
that's great for her.
Simona, if you're listening,congratulations, that's awesome,
well deserved, um.
And I was looking at this postand like the.
(01:19):
The ranking was on this websitecalled good podss.
Have you heard of it, alana?
Speaker 2 (01:25):
I haven't.
Speaker 1 (01:31):
I hadn't heard of it either, and so I was like I
wonder if the no Excusescoaching podcast is ranked on
this website.
And it's not.
It is listed on this website,but it is not ranked on this
website.
But that's not the interestingthing.
What I discovered when I wentto Good Pods and I found our
podcast is there's an FAQ aboutour podcast on Good Pods
(01:54):
Frequently Asked Questions andAnswers, and I'm like 99% sure
that you didn't write this andI'm 100% sure that I didn't
write it, so I thought it wouldbe fun to look at this Q&A.
That's about us, that neitherof us wrote.
Speaker 2 (02:09):
That's hilarious, are you sure it's about our podcast
?
Speaker 1 (02:14):
Oh, I'm sure, because it shows our graphics and it
has a list of all our episodesand everything.
Speaker 2 (02:19):
Oh, wow.
Speaker 1 (02:20):
Yeah.
Speaker 2 (02:21):
That's so cool.
Speaker 1 (02:22):
Yeah.
Speaker 2 (02:24):
It doesn't show our ranking at all not on this
website.
Speaker 1 (02:28):
I'm guessing that, like, you need to like do an
additional step as a podcastowner, maybe to be in their
rankings or something.
I'm not sure exactly how itworks.
It seems like a lovely enoughwebsite, but we are listed on.
Like we're not ranked on thiswebsite, but we're listed on the
website right um, the noexcuses coaching podcast with
(02:49):
ryan montes and alana banks, andso they've got this little faq
about us and it has one, two,three, four, five questions.
What?
Speaker 2 (02:58):
are people asking well, what are these frequently
asked questions?
Speaker 1 (03:04):
I don't know how frequently anybody's asking
these questions, because all ofthese questions represent um
information that no one has everrequested from me, right?
But it is interestinginformation nonetheless, so
let's just let's break it downbefore we talk about today's
topic, which is inflation andcar theft in the great nation of
canada.
(03:24):
No, that's not today's topic,which is inflation and car theft
in the great nation of Canada.
No, that's not today's topic.
That's just what's on my mind.
Anyways, question number one inthis mythical FAQ that somebody
or something created about uswithout our knowledge, how many
episodes does no Excuses ryanmontes and alana banks have?
(03:49):
nice and when I read that I waslike I wonder if this
information is even going to becorrect yeah and according to
this faq, we have 98 episodesyeah, that's correct which makes
sense, because right now we'rerecording the 99th episode.
Speaker 2 (04:02):
Yeah.
Speaker 1 (04:05):
Question number next is what topics does no Excuses
Coaching with Ryan Montes andAlana Banks cover, and can you
guess the answer?
Speaker 2 (04:17):
Coaching.
Speaker 1 (04:18):
The answer is the podcast is about
entrepreneurship, life coaching,personal development, podcasts,
self-improvement, education,business coaching and,
apparently, awareness.
Speaker 2 (04:36):
I would say that's accurate.
Speaker 1 (04:39):
I don't think awareness is a topic of
discussion on this podcast.
I would argue with that one.
The rest are pretty much onpoint.
Speaker 2 (04:46):
Well, I guess you could say that we're making
people aware of things.
Speaker 1 (04:51):
Yeah, I mean, but you could say that about every
podcast ever.
Yeah, Every piece ofinformation makes somebody aware
of something.
That is the purpose of it.
Anyways, yeah, number next,number three on this faq about
us yeah is what is the averageepisode length on the podcast?
(05:12):
And it says the average lengthis 31 minutes sounds reasonable,
sounds plausible, sounds aboutright now here's where it gets
kind of scary okay because, dothey list like our address or
(05:32):
something?
it's like if I want to visitsome one of these guys at home,
how do I do um?
How?
How often are episodes of theno excuses coaching podcast
released?
so to answer that question,either manually or via software,
(05:54):
some degree of analysis wouldbe required yes right and again,
I'm not saying there's anythingsinister, because it's like
this is a podcast website, sothey probably just have some
algorithm that automaticallyfigures out this stuff.
It's just funny that it exists,um, and according to this faq
we release we typically releasean episode every seven days
(06:16):
that's correct.
Speaker 2 (06:17):
Yeah, which is correct.
Speaker 1 (06:18):
Which is correct, do they say?
Speaker 2 (06:20):
the time.
They say the time they say thetime.
Speaker 1 (06:24):
They say the time, they say the IP address of the
computer.
They actually have a screenshotfrom your webcam from the
moment you click upload.
Speaker 2 (06:32):
Yeah, it's all there.
Speaker 1 (06:33):
All there.
Speaker 2 (06:35):
Because I auto schedule it to post at 3am on
the Monday morning.
That's just like a hot tip forpeople if you're really keen.
Speaker 1 (06:47):
And that's why I'm awake at 2.45 am on the Monday
brewing a pot of coffee andwaiting next to my phone for 3
am to strike so.
I can listen to our episode.
And then the last questionthere is when was the first
episode of the no ExcusesCoaching with Ryan Montes and
(07:10):
Alana Banks?
Do you know the answer to that,alana Banks?
When was the first episode?
Speaker 2 (07:15):
The first episode, I think, was on March 29th, is
that correct?
Speaker 1 (07:22):
Of what year 2023.
Speaker 2 (07:27):
No 2020.
Yeah, 2023.
Right.
Speaker 1 (07:32):
I mean according to this FAQ, which we had no say in
.
So I don't know, and I wouldhave had no idea If you would
have said, Ryan, what day wasthe first day of the podcast.
My very honest answer would beI have no idea.
Yeah, According to this, March30th 2022.
Speaker 2 (07:52):
OK, yeah, cool.
Speaker 1 (07:55):
Yeah, so oh, although there's not a little, we're not
ranked on this site.
Speaker 2 (08:02):
There is a list of our 10 best episodes oh best
episodes ranked by good podsusers most listened yeah, I well
, I already know this info fromour analytics, but so I should
just not well, I think I knowour number one episode is the
(08:23):
like the powerful, the mostpowerful ways to like have
success, or something like that.
I think it is not according tothis.
Speaker 1 (08:33):
Oh but remember this is the best episodes ranked by
good pods users most listened.
This is not general download.
Speaker 2 (08:41):
I mean, and we're not ranked.
Speaker 1 (08:50):
So I don't like does anyone on good pods even listen
to our podcast?
And that's a great question,because I have never heard of
good pods until whenever youthis morning or yesterday, when
it, whenever it was, yeah, um,so I don't know.
Anyways, and also it.
There's just a list of 10episodes and it doesn't specify
which one is number one andwhich one is number 10.
It's just a list.
Speaker 2 (09:10):
Yeah, like.
According to our analytics, themost popular is the two
criteria.
That makes you wildlysuccessful.
And that's actually like oursecond episode ever.
Speaker 1 (09:22):
Yeah.
Speaker 2 (09:23):
And that's not on this list Interesting.
So on this list.
Speaker 1 (09:31):
I'm not going to go through all 10, but at one end
of the list and I don't know ifthis is number one or number 10
is dispelling social mediamisconceptions for success, and
on the other end of the list isovercome the fear of being seen.
Speaker 2 (09:43):
Interesting.
Yeah, those are not in our top10 most downloaded, according to
our hard data analytics, butanyway, this is not what we're
talking about today.
Speaker 1 (09:55):
by the way, people um what we're going to talk about
today we talked a lot about ityeah, we did okay what are we
going to talk about today?
Speaker 2 (10:03):
but I think this is going to be more interesting for
people.
We're talking about the hardtruths about being an
entrepreneur that no one istalking about, and this is a bit
of tough love too.
I would say Probably some toughlove in here, hard truths and
tough love.
On the no Excuses CoachingPodcast today.
Speaker 1 (10:26):
Yeah, hard truths.
Speaker 2 (10:28):
Episode 99.
Speaker 1 (10:29):
Episode 99.
All right, we got six.
We got three from Banks, threefrom Montas.
Speaker 2 (10:35):
Yeah.
Speaker 1 (10:36):
What are they?
What is it?
Speaker 2 (10:37):
Hard truths, hard truths about being an
entrepreneur that no one istalking about, being an
entrepreneur that no one istalking about.
So what spurred this for me wasI was like scrolling Instagram
and I saw someone kind of usethis hook and I was like, oh,
that's interesting.
And so then it made me think,like what are some things that I
know are very true that I don'treally talk about, like with
(11:01):
anybody outside my immediatecircle?
And, um, and I know that theseare true for many, many, many
other people out there, butnobody really seems to like go
deep or talk about it or likemake it super public knowledge.
Um, because we all want to looksuccessful, right, like we all.
We all want to look like we'vegot it all perfect and like we
(11:25):
all know that that's a big fatlie, right, and I think the uh,
the the post that I was readingwas something like social media
is so fake, or something likethat.
And then this woman goes on totalk about, like, all these hard
truths about what it's been,what her journey has been, like
it actually, right now, in thismoment, yeah so I was like ryan,
(11:48):
let's talk about this.
I think it would be good for ourlisteners to hear you know the
hard facts, the hard truth aboutwhat it's like, and validate,
like you know what you might begoing through as well not you,
ryan, but you, the listener,might be experienced too, so
that you recognize that it'stotally normal yeah and that
(12:09):
there's nothing wrong with youand that you're doing it and
we're all doing it right yeahyeah.
So in my opinion, this is likevalidation uplifting we can do
this, you got this.
If you're feeling anxious oryou're feeling low, or you're
(12:29):
feeling like you want to throwin the towel, listen to this
episode and don't give up.
Speaker 1 (12:37):
Don't give up yeah, cool, so you want me to go first
, let's, I like, to do thealternation, the alternating the
alternation.
Uh, alter the nation.
Yeah, yeah, you um you go.
Speaker 2 (12:55):
I can go first you go first so my first one is
actually something that no onetalks about and I know a lot of
people are leaning on this andthat is, if it weren't for the
safety net of having somepersonal savings and having the
(13:15):
reliability of a partner'ssalary, like income from a
traditional nine to five job, Iwouldn't be able to do what I'm
doing right now sustainably,like I would probably have to go
out and get some type of likereliable bit of income, working
(13:36):
part-time or doing somethinglike that.
And so I'm very grateful to saythat I've had the, you know,
ability to pursue my dream andpursue my passion of being an
entrepreneur for many years.
You know, build, especiallybuilding this business, and
that's all come because I havethat safety net, you know,
(14:00):
keeping me afloat and, you know,allowing me the ability to
contribute when I can, and youknow, not have to be so stressed
out all the time about makingthe next sale or getting the
next client or having that youknow big revenue generating
month, and that takes off a lotof pressure.
(14:21):
And, um, you know, I know I'mnot the only one out there in
entrepreneur land.
Who, who is, you know, doingthis or has this like ability
Right.
So you know, and I think it's alike, a conversation more people
(14:41):
should be having to like um,well, when I did my solo episode
solo episode a couple of weeksago, I was talking, talking
about how I'd been at aconference and, um, one of the
speakers was putting out somelike pretty incredible facts and
like numbers about likefinances among women.
(15:03):
And in Canada, 3% of women makemore than $100,000 a year.
Right, which means 97% of womenin Canada are making less than
$100,000 a year.
So I think, like that's animportant statistic to like
understand, especially for womenentrepreneurs out there.
Like if you're, if you'refeeling the pinch or you're, you
(15:29):
know, leaning on your partnerfor income, that is like the
like more than for most people.
Like it is what it is in Canadalike, and I think that's a
really sad statistic thathopefully we can move right,
because, because the wage gap isvery real and a lot of the time
(15:49):
, and the other thing that wasso cool about this and I think I
brought it up was that mostwomen leave their career when
they have children.
Or they take like a likethey'll go into entrepreneurship
or they'll, you know, take a adifferent type of job that gives
them more flexibility to be,you know, the primary caregiver
(16:11):
for their children.
Speaker 1 (16:13):
Yeah.
Speaker 2 (16:13):
So, um, I think that's, like you know, important
conversation to have Cause it.
I know that happened for me,Like I exited the workforce when
I had kids and became anentrepreneur just because it
made more sense financially andit was easier.
Yeah, and I'm sure there's alot of women listening to this
(16:35):
podcast right now who are goingthrough the exact same situation
.
Speaker 1 (16:41):
Do you know what percentage of men make over a
hundred K?
Cause I don't know, like Idon't.
I just don't know if thatnumber I mean based on the
context, I think we're to assumethat it's low.
But what I like, is it 10% ofmen make over a hundred K?
Is it four?
Like I don't know.
Speaker 2 (17:01):
I don't know.
Let's look at that.
Speaker 1 (17:02):
It's hard for me to like conceptualize how alarming
that is without the comparison.
You know what I mean.
Speaker 2 (17:10):
Yeah.
Speaker 1 (17:11):
Like I would guess, just based on historical facts,
that the number must be lowerfor women, but I don't know.
Speaker 2 (17:21):
Yeah.
What does it say here?
17% of American men make over100K annually, compared to only
8.4% of women.
So men are twice as likely tomake over 100K a year difference
.
Speaker 1 (17:40):
That's a big difference, right, cool, okay,
but just to summarize yournumber one, it was you feel like
it would have been much harderto be a successful entrepreneur
if you didn't have the safetynet of personal savings and
reliable income of your partner.
Right, yeah, cool.
(18:02):
I think a lot of people canrelate to that and first of all,
I want to just say that I don'tthink there's anything wrong
with having a personal savingsor having a supportive partner
right.
Um, and also I don't think it'smandatory, right?
I think there's a lot of womenentrepreneurs and entrepreneurs
in general who have becomesuccessful without the benefit
(18:23):
of those things, right?
So I don't think we're sayingthis because, you know, we want
to discourage anybody whodoesn't have a lot of money
saved up or a partner that cangive them an influx of cash for
their business.
We're not trying to discouragethose people.
We're just saying that somepeople who are successful, part
of their journey to success wasthe support of others around
(18:44):
them, right, and that may besomething to factor in,
especially if we're likecomparing ourselves to others,
right?
Speaker 2 (18:50):
A hundred percent.
Yeah, you know, and and there'sall kinds of different levels
too.
Like I became an entrepreneurwhen I was, I had a two-year-old
and I was pregnant, right.
And so would I have done thatwithout the safety net of like a
maternity leave and thereliability of like a partner?
(19:11):
Probably not.
I would not have taken thatrisk, right.
But I was able to do thatbecause it kind of made sense.
So it's just like, and I thinkit's just, you know, when we're
(19:31):
doing that comparison game andseeing all kinds of people on
social media who areentrepreneurs, right, it's just
like you have to see, like whereare they at in their life
journey, and you know what Imean All those things too, for
like a single person with noresponsibilities, maybe no
mortgage, no kids, to be likegoing after a dream, versus,
like you know, a woman who hasmaybe three kids and a mortgage
(19:53):
and all kinds of stuff, right.
So it's just like I think thereneeds to be more.
It would be nice if there wasmore conversation about it, like
where's everybody at?
Cause, like it would be nice ifthere was more conversation
about it, like where iseverybody at, because, like, we
don't really share that a lot inthe entrepreneur space.
Speaker 1 (20:10):
I don't feel yeah.
Speaker 2 (20:12):
Like it's kind of kept secret, like how is she
doing this, how is she affordingthis lifestyle?
Like you know what I mean, yeah, or how is he doing it?
Like there's a lot of assuming,I think too, and sometimes you
go to the assumption what's your, what's your next on the list?
Speaker 1 (20:33):
Let's see my, so my first on the list.
Speaker 2 (20:36):
Your first on the list.
Yeah, the next on the nextthing on the list.
Speaker 1 (20:41):
My first on the list is for an entrepreneur.
It's it can be lonely at thetop.
Right, it's lonely at the top.
We've heard this expression.
It's very much true.
I remember years ago being inlike long before I was really an
entrepreneur being in a.
It was a Toastmasters meeting,but it was, which is a public
(21:03):
speaking club.
Of course we talk about it allthe time, but within this public
speaking organization ofToastmasters there's advanced
clubs and so I was at thisadvanced Toastmasters club in
downtown Toronto and it was apretty like high level crowd and
I think either on one of thebreaks or before or after the
(21:25):
meeting started, there was justa few of us standing around and
there was this like millionairedude there, like really
successful white collar businessdude, and I can't remember how
it came up in conversation, butI remember him saying you know,
oh, he was talking about somemastermind that he was in.
(21:45):
And I remember him saying it'sknow, oh, he was talking about
some mastermind that he was in.
And I remember him saying it'slonely at the top, like
describing, like the owner of asuccessful company, and he
wasn't a coach or anything likethat, he was a very much like
traditional business person andI just remember like looking at
him and really being able totell, when he said it's lonely
at the top, like he really meantit, like it was not a metaphor
(22:09):
or or um, you know hyperbole.
He was describing this pain inhis life of of like achieving
this level of success, only tofind that it's like not always
that fun once you get to the top, right.
And now, being an entrepreneur,I totally understand what he
(22:33):
means, right, I totally knowwhat it's like to be like
sitting here alone in my officeand like the bills are paid and
there's lots of happy customersand all that stuff, but at the
end of the day, like I'm herealone in my office with my
challenges and my triumphs andit's you know to some degree,
(22:54):
and you know I have great peoplesurrounding me all the time,
like Atlanta Banks, and you knowmy clients and so on and so
forth.
But to a degree you know, whenyou're a company owner, you're
an entrepreneur, you're asolopreneur, there is some
loneliness that you wereinevitably going to face and
(23:15):
have to have to endure.
Speaker 2 (23:18):
Yeah, totally, because nobody, at the end of
the day, nobody cares as much asyou do, right, about your
business and what you're up toand cares as much as you do,
right, about your business andwhat you're up to and you know,
and often people don't reallyeven know what you're up to too,
which can feel lonely becauseyou know you're just doing your
(23:40):
thing.
So that's why it's important tocelebrate as an entrepreneur
too.
I think that's why it's becauseyou can just kind of like go
through the motions and keepgoing and like not celebrate.
But I think that's you know why.
It's because you can just kindof like go through the motions
and keep going and like notcelebrate.
But I think that's you know,why it's important to like
really celebrate some of theachievements that you have and,
like you know, milestones inyour business, to celebrate
connected right.
Speaker 1 (24:00):
Celebrate and connect as much as you can with other
people who are on the samejourney, right like yeah um, uh,
you know, be in mastermindswith other people, other
business owners, otherentrepreneurs, right and join
totally whatever suits you.
Um, collaborate too, becausethat also helps and and, like
(24:25):
you know, I've I've made a lotof effort in the last four years
to connect with my counterpartsin this industry right, like
even people who technically aremaybe my competitors and the
idea of competition, okay, Ithink is an outdated one in many
ways, but like, connect withthe other people in your
industry that are doing similarstuff and make friends, right
(24:48):
yeah yeah it makes it more funthat way yeah like I've made
such great friends throughoutthis journey, and it's just made
it so much more fun, you knowyeah, yeah and
then you have people to talk tolike when you are feeling lonely
, you know Cool.
Speaker 2 (25:07):
Cool.
Second one for me is sometimesit's not fun, is the hard truth
that I'm going to share.
Sometimes it's not fun and whenI say this I specifically mean
sometimes it's not fun beinglike a mom, which I am, and
(25:28):
being an entrepreneur at theexact same time, because it's
kind of like you have these twodifferent parts of yourself that
have priorities right One beinglike your children, the other
one being your business, andsometimes you can be like
working lots and thriving andlike feeling brilliant flow, but
(25:49):
then you have to.
You know you also have theresponsibility of like being a
mom and being there for yourkids and everything, and like
you feel like you're lettingthings slide in your business,
but then, when you're spendingtoo much time with your business
, then you feel like you'reletting things slide with your
kids, and so it's this constantjuggle of like for me personally
, of kind of feeling like I'mletting people down or I'm, you
(26:10):
know, not being enough andthat's not a fun place to be
sometimes, because sometimes I'mlike I just want to like spend
all my time on my business, butI can't because I have, like you
know, my children to look after.
Like I have like very, I can'tjust let that slide Right,
whereas like some other thingsin your life, it's easier to let
(26:32):
things slide.
So that's a that's like a hardtruth for me when it comes to to
be an entrepreneur, it's likesometimes it's not fun Because
you almost can't be completelypresent all the time in one or
the other, because you're alwayskind of thinking about the
other thing.
Speaker 1 (26:53):
Mm-hmm, yeah, I think even you know that's a really
good example.
And there's other kind ofparallels, like, you know,
entrepreneur versus familyperson, you know entrepreneur
versus community member.
Um, we wear as human beings andlike, as soon as one of those
(27:19):
hats is entrepreneur, if you'renot careful it can compromise
some of the others.
Speaker 2 (27:26):
Right yeah.
Speaker 1 (27:28):
Yeah.
Speaker 2 (27:34):
And we've talked about it before, like when it
comes to just like balance,right, like we've had a few
conversations about balance andit's.
You know, I don't believe thatthere is such a thing as balance
.
I think it's priorities, right,and yeah, right.
Sometimes for me it's just aslike it's my kids and my
business, and you can only fillso much of that tie yeah so um,
(27:55):
yeah and I mean with a like witha traditional job, it's very
easy to draw those lines.
Speaker 1 (28:00):
It's like you know when your start time is.
You know when your end time isright.
Speaker 2 (28:04):
Yeah.
Speaker 1 (28:05):
But when?
Speaker 2 (28:05):
you're an entrepreneur, you know it's
different.
Yeah, and even with even withthat, like those lines have
become very blurry, right Likenow that we're in the post COVID
world and people are workingfrom home and working in all
kinds different things, likeeven working a nine to five job.
It's it's becoming more andmore challenging, I think, for
(28:25):
people in general like tobalance all the things, because
everyone thinks you're availableall the time yeah so, but it's
easier when you're.
it's actually kind of easierwhen you're an entrepreneur
because you get to call theshots, whereas if you're an
employee and your boss isemailing you at nine o'clock at
(28:46):
night, you have to kind ofrespond.
Speaker 1 (28:49):
Yeah.
Speaker 2 (28:51):
So I mean, I guess there's two sides to this one,
but it is a challenge andsometimes not very, very fun.
Or sometimes you've got areally great week planned and
then your kid comes down withthe flu and like you're like
crap.
Speaker 1 (29:05):
Yeah.
Speaker 2 (29:05):
And it's all on you too, right, like it's just like.
Well, this is my at least.
With a salary job, you'regetting paid, no matter what.
But the entrepreneur life is abit different.
Speaker 1 (29:16):
Yeah.
Speaker 2 (29:19):
Cool.
Speaker 1 (29:21):
All right, what's the next?
Speaker 2 (29:22):
one.
Speaker 1 (29:23):
I don't know.
I've lost track.
Now Is it my turn.
Speaker 2 (29:26):
Yeah, it's your turn.
Speaker 1 (29:28):
I can tell you what it is.
No, I know what.
It is Nice to hear it.
The next hard truth about beingan entrepreneur that no one is
talking about although Ishouldn't say no one is talking
about, um, although I shouldn'tsay no one, because this topic
came up in a mastermind that I'min very recently but, um, we
live as an entrepreneur.
We live in near constantuncertainty.
(29:51):
Um, at times there's verylittle certainty with, like,
what's gonna work, what, what'snot going to work, what sales
are going to be like.
You know, over time thingsbecome a little bit more
predictable and you know yeahbut really there's always
looming uncertainty when you'rean entrepreneur with every
(30:14):
action you take, like you canalmost never say with a hundred
percent I will do this actionand it will produce this result.
It's like it's almost like aftera while you realize everything
is just a test and like there'sthis undefeatable element of
randomness to everything in life.
But you really see it inentrepreneurship and in business
(30:37):
ownership and I guess thelesson is you need to be okay
with that and if you're not okaywith that, you're going to be
constantly uncomfortable which,again, maybe you're okay with
that or you need to not be anentrepreneur.
Like ultimately, if you can'taccept the risk and the
uncertainty of being anentrepreneur, like, ultimately,
(31:00):
if you can't accept the risk andthe uncertainty of being an
entrepreneur, it gets reallyhard to take action Right, like
you know.
Think about spending money onadvertisements.
If you need 100 percentcertainty that you're going to
spend X on ads and get Y inreturn, that can almost be
debilitating debilitatingespecially if you start to see
returns that are not what youwere certain was going to happen
right, yeah, totally yeah.
Speaker 2 (31:23):
Constant uncertainty is definitely like a big one,
but then there's also sometimeslots of certainty, lots of
amazing certainty too.
Speaker 1 (31:31):
So there can be.
There can be, or I mean likesuccess in business can give you
certainty in other contexts.
Yeah, yeah, that's kind of whatI meant when I or I mean like
success in business can give youcertainty in other contexts.
Speaker 2 (31:41):
Yeah, yeah, that's kind of what I meant when I when
I said that yeah yeah, that's agood one.
And the other thing, too, islike, especially more now, more
now than ever, we're also livingin very uncertain times, just
like globally.
I would say so, like being anentrepreneur right now is kind
(32:03):
of like a scary endeavor, justbecause of like just I feel like
there's a lot of uncertaintyeverywhere.
Right, okay, now this one is mynext one is a little bit of it
like a different one than whereI was going before, but this one
is around social media and justlike recognizing that there is
(32:28):
never one thing that's going tobe the thing that makes or
breaks your business or likeyour success as an entrepreneur.
I don't think and you know, Iwas always of this belief that
if I got a big enough communityon Instagram or like social
media, then it was going to begood for me.
(32:48):
You know what I mean.
Then I was going to have thecommunity and then the sales
would happen.
And that happened for me, right, and I don't even know when it
happened now, but like over Inovember and december, I gained
65 000 followers on instagram,which is a lot like that's a lot
to get over.
Like a three week period, myengagement was through the roof.
(33:11):
I was getting like tens ofthousands of views on my
instagram reels, dms, you knowall kinds stuff, and it did like
increase my business and stufflike that.
But now where are we End ofMarch and I'm losing hundreds of
followers a day and myengagement is like it's more
(33:33):
variable.
I would say now, right, and soit.
It just kind of left me sort ofconfused too.
So, um, I'm kind of like WTF,right, how did this happen?
How did how?
How does it happen?
How does it work?
I don't get it.
Like it's.
It's so confusing and like Ithink a hard truth in
(33:55):
entrepreneurship is like nothingmakes sense ever.
Like it's just like you don'tknow when the next thing or the
cool thing is going to happenand when it can just be gone in
a minute yeah right.
So I guess, be expect to theunexpected and be okay with that
(34:16):
and like, ride the wave whileyou're in it and then when
you're not in anymore.
I don't even know if you canfigure it out.
I probably won't be able tofigure out what happened there,
um, but it happened right yeahso, however I'm you know, I I am
(34:37):
left with a pretty still, eventhough I'm losing hundreds of
followers a day, I still have apretty great new community of
people.
Speaker 1 (34:50):
So you gained 65,000.
Is that how many?
It was 65,000 followers.
Speaker 2 (34:58):
Yeah.
And now you're losing like 100a day yeah, yeah, like I dropped
from, I was at like almost70,000 and now I'm at 68, 68,
(35:20):
68,000.
68.2 thousand.
Speaker 1 (35:24):
So 70 minus 68.2 is 1.8.
Divided by 70 is 2.5% shrink.
I think that.
I don't know, but I feel likeit's not huge.
I feel like that could just beexplained by like fake accounts
(35:47):
getting deleted.
Okay, yeah, I don't, that'sfair like I mean certainly it's
some people being like oh, whydid I follow this lady?
She's nuts.
Like definitely it's.
No, I'm just kidding, it's notthat.
Um, although like, maybe, likeyou know, because not obviously
not that, but like people beinglike oh yeah, you know I
remember following her, but likeI'm not really into the content
(36:10):
, yeah um, or you know what,like some people are just like
weird and just like not weird,but like a lot of people go
through this, I'm unfollowingeveryone today, kind of.
Speaker 2 (36:23):
Thing like.
Speaker 1 (36:24):
I see that a lot on social media, not just not even
in my own followers, but likeyou know, well, I mean, I did it
.
Speaker 2 (36:31):
I've been doing it this week.
Speaker 1 (36:32):
I've just been unfollowing people that I'm just
like yeah, yeah so likeinspiring yeah anyways, but I
get your point, like you knowyeah, like, just like things are
just, things are so unexpected.
Speaker 2 (36:44):
Like you're just there's no like well, that falls
into your point around theuncertainty too.
Right, it's just like there wasno certainty that I was gonna
like increase my instagramfollowing by 65,000.
Right, but I did and I rolledwith it.
And then now I'm seeing thislike shrinkage and kind of
(37:06):
trying to figure out okay, whatis it that I need to do now to
like bring that back?
Speaker 1 (37:12):
Yeah.
Speaker 2 (37:13):
You know, I feel like there's always something that
you're like what do I need tohave to figure this out now?
Yeah, I thought I hacked this.
Speaker 1 (37:22):
Or just let it be.
Let it be or let it be yeah.
The last one on the list hardtruths about being an
entrepreneur that no one istalking about.
This one, I think maybe peopleare talking a little bit about.
When you are an entrepreneur,no one understands you yeah
right, particularly like thepeople closest to you may not
(37:47):
understand you, right like, whenyou do something radically
different to what most people do.
Um, you gotta like understandthat a lot of people are not
gonna understand, right likeyeah when I joined the military
being, you know, the firstperson in my family since the
draft and the first person everto voluntarily join the military
(38:08):
in my family like that wasweird and, like you know, people
can be supportive even if theydon't understand you, and
luckily that's been the casewith you know, the people around
me, um, and you know, there'sbeen a few things in my life
where it's like no one's goingto understand this.
Um, and being an entrepreneur,I'm not the first entrepreneur
(38:31):
in my family, definitely thefirst like NLP, trained
hypnotherapist entrepreneurfamily, um and like, like you
know, I don't expect everybodyto understand and and they don't
all the time, right, they'restill supportive.
Speaker 2 (38:45):
but yeah, I get it right and I think it's part of
like the the industry that we'rein is a little bit more
difficult to understand.
Like, if you're like, oh, I'mgonna a widget seller, you know
what I mean Then people kind ofget it more.
But when you're talking about,oh yeah, like I'm helping people
get unstuck in their life, orI'm helping people get to the
(39:08):
root cause of their problems, oryou know, I'm running this
program about, I don't know,overcoming self-doubt, people
are just like what do you doexactly?
Like what is your product like?
Is this sustainable?
Like, are you actually makingmoney doing this right?
Like?
I think that's kind of thething that people don't
(39:28):
understand, and often it's justlike they don't understand
because they just can't imaginethemselves doing it too Right.
Speaker 1 (39:37):
Yeah.
Speaker 2 (39:38):
And, um, I think this is a big hurdle that that new
um coaches or, like you know,people in the service industry
who are becoming entrepreneurs,have to get over like right away
.
Cause I remember this was likea big, big, big thing for me for
a while, was like I just wantedeveryone in my immediate like
(39:58):
circle to understand what I wasup to and I wasted so much
energy worrying about that andwanting them to get it.
And now, like in hindsight, I'mlike, oh, why did you care so
much?
Like cause, now I honestlydon't care that people don't
understand what I'm doing.
I'm just doing what I'm doingand I love it and I've let go of
(40:22):
that thing too, to like makethem understand.
I just I just honestly reallydon't care anymore.
I think it's kind of coolactually, cause I'm kind of like
this mystery woman that peopleare like what does she do?
Speaker 1 (40:40):
yeah, yeah, I mean um , just because people don't
understand you doesn't mean youknow they don't like you, right?
Speaker 2 (40:48):
but yeah or that.
Speaker 1 (40:49):
What you're doing is wrong yeah yeah right, people
just want to understand, or justlike like for me, it's like
where I feel it.
I think is there's like randomthings that an entrepreneur just
feels like are totally normal,that are totally not normal for
anyone who's not an entrepreneur.
(41:09):
Like like you know, like I'llbe in the middle of like a
random task and be like I needto drop what I'm doing and
record a voice memo into myphone before this thought leaves
my head.
It's hyper important.
It's more important thananything in the world right now.
If I don't do, it, all will belost.
Like entrepreneurs, have thesemoments right yeah um and like
(41:31):
to the entrepreneurs, just like.
This is totally normal.
I have to do this, but to likea regular person like you know,
yeah, like can't that wait until?
Yeah, can't you do that afterwe finish these burritos or
whatever, like when you?
Speaker 2 (41:47):
know.
So that's the list.
Those are hard truths, I knowfor sure.
People are like yes, thank youfor validating me, so you're
welcome and, uh, that's it.
That's our 99th episode.
What?
Speaker 1 (42:04):
are we going to talk?
About on the 100th episode weshould just like release an
episode.
That's just like silence.
Just prank the audience for the100th episode yeah, yeah, I was
gonna say yeah.
Yeah, I was going to sayeverybody should join my free
group, Mission improvement,finding attractive secrets for
hypnosis.
(42:24):
Business owners, coaches, NLPfolks check it out.
It's a good time.
Speaker 2 (42:30):
Yes, do that and book a breakthrough with me.
If you're, if you're feelinglike you're feeling stuck, or
you're feeling overwhelmed withself doubt, or you're feeling
like something's missing, likethere's more for you, but you
just can't access it um, mybreakthrough.
(42:51):
Clients are crushing it.
They're loving life right nowyeah, so sign up for that.
I'm, I'm, I'm offering.
My breakthrough is still at 650um.
I actually just decided to dolike a flash thing until sunday,
but you're not going to belistening to this until monday.
(43:13):
But if you hear this on thepodcast, I will.
I will give you the discount.
So let me know.
Speaker 1 (43:22):
Cool, love it.
Speaker 2 (43:24):
Yeah, so follow me at AlanaBingsCoaching.
Follow Ryan at RyanMontesNLP.
Follow the no Excuses CoachingPodcast at it's.
I don't know what it is noExcuses Coaching.
Speaker 1 (43:37):
Whatever it is, find it and follow it.
Speaker 2 (43:40):
Yeah, just search it, you'll see it.
Yeah, all right, that's it.
Speaker 1 (43:43):
Or shoot us a DM.
Yeah, okay, bye, everyone.
Speaker 2 (43:47):
Bye.
Hey, what's happening .
Speaker 2 (00:02):
You were going to tell me a story about something,
and then I was like, hold on,let's talk about this on the
podcast.
Speaker 1 (00:08):
Yeah, let's just hit record, and then the great thing
about that is like easy contentyeah.
Just take our actualconversation.
Hit record Boom Podcast,episode Boom.
Speaker 2 (00:21):
Yeah, so tell me Now.
I'm very interested in whatyou're going to tell me.
Speaker 1 (00:26):
Well, prepare to be, I don't know, maybe disappointed
, because it's not thatinteresting.
Speaker 2 (00:33):
No, it's interesting.
Speaker 1 (00:35):
Let's see.
So I found this website today.
I don't know if you know thisperson.
There's this person that I know, simona Constantini.
She's a delightful person.
She's actually a podcast coach,so she helps people start and
grow podcasts right, and so Ifollow her.
(00:56):
We follow each other onInstagram and the other day she
posted that her podcast hadreached this.
It was like number 13 in thisranking of like self-love
podcasts or something and I waslike looking at this post and
that's great for her.
Simona, if you're listening,congratulations, that's awesome,
well deserved, um.
And I was looking at this postand like the.
(01:19):
The ranking was on this websitecalled good podss.
Have you heard of it, alana?
Speaker 2 (01:25):
I haven't.
Speaker 1 (01:31):
I hadn't heard of it either, and so I was like I
wonder if the no Excusescoaching podcast is ranked on
this website.
And it's not.
It is listed on this website,but it is not ranked on this
website.
But that's not the interestingthing.
What I discovered when I wentto Good Pods and I found our
podcast is there's an FAQ aboutour podcast on Good Pods
(01:54):
Frequently Asked Questions andAnswers, and I'm like 99% sure
that you didn't write this andI'm 100% sure that I didn't
write it, so I thought it wouldbe fun to look at this Q&A.
That's about us, that neitherof us wrote.
Speaker 2 (02:09):
That's hilarious, are you sure it's about our podcast
?
Speaker 1 (02:14):
Oh, I'm sure, because it shows our graphics and it
has a list of all our episodesand everything.
Speaker 2 (02:19):
Oh, wow.
Speaker 1 (02:20):
Yeah.
Speaker 2 (02:21):
That's so cool.
Speaker 1 (02:22):
Yeah.
Speaker 2 (02:24):
It doesn't show our ranking at all not on this
website.
Speaker 1 (02:28):
I'm guessing that, like, you need to like do an
additional step as a podcastowner, maybe to be in their
rankings or something.
I'm not sure exactly how itworks.
It seems like a lovely enoughwebsite, but we are listed on.
Like we're not ranked on thiswebsite, but we're listed on the
website right um, the noexcuses coaching podcast with
(02:49):
ryan montes and alana banks, andso they've got this little faq
about us and it has one, two,three, four, five questions.
What?
Speaker 2 (02:58):
are people asking well, what are these frequently
asked questions?
Speaker 1 (03:04):
I don't know how frequently anybody's asking
these questions, because all ofthese questions represent um
information that no one has everrequested from me, right?
But it is interestinginformation nonetheless, so
let's just let's break it downbefore we talk about today's
topic, which is inflation andcar theft in the great nation of
canada.
(03:24):
No, that's not today's topic,which is inflation and car theft
in the great nation of Canada.
No, that's not today's topic.
That's just what's on my mind.
Anyways, question number one inthis mythical FAQ that somebody
or something created about uswithout our knowledge, how many
episodes does no Excuses ryanmontes and alana banks have?
(03:49):
nice and when I read that I waslike I wonder if this
information is even going to becorrect yeah and according to
this faq, we have 98 episodesyeah, that's correct which makes
sense, because right now we'rerecording the 99th episode.
Speaker 2 (04:02):
Yeah.
Speaker 1 (04:05):
Question number next is what topics does no Excuses
Coaching with Ryan Montes andAlana Banks cover, and can you
guess the answer?
Speaker 2 (04:17):
Coaching.
Speaker 1 (04:18):
The answer is the podcast is about
entrepreneurship, life coaching,personal development, podcasts,
self-improvement, education,business coaching and,
apparently, awareness.
Speaker 2 (04:36):
I would say that's accurate.
Speaker 1 (04:39):
I don't think awareness is a topic of
discussion on this podcast.
I would argue with that one.
The rest are pretty much onpoint.
Speaker 2 (04:46):
Well, I guess you could say that we're making
people aware of things.
Speaker 1 (04:51):
Yeah, I mean, but you could say that about every
podcast ever.
Yeah, Every piece ofinformation makes somebody aware
of something.
That is the purpose of it.
Anyways, yeah, number next,number three on this faq about
us yeah is what is the averageepisode length on the podcast?
(05:12):
And it says the average lengthis 31 minutes sounds reasonable,
sounds plausible, sounds aboutright now here's where it gets
kind of scary okay because, dothey list like our address or
(05:32):
something?
it's like if I want to visitsome one of these guys at home,
how do I do um?
How?
How often are episodes of theno excuses coaching podcast
released?
so to answer that question,either manually or via software,
(05:54):
some degree of analysis wouldbe required yes right and again,
I'm not saying there's anythingsinister, because it's like
this is a podcast website, sothey probably just have some
algorithm that automaticallyfigures out this stuff.
It's just funny that it exists,um, and according to this faq
we release we typically releasean episode every seven days
(06:16):
that's correct.
Speaker 2 (06:17):
Yeah, which is correct.
Speaker 1 (06:18):
Which is correct, do they say?
Speaker 2 (06:20):
the time.
They say the time they say thetime.
Speaker 1 (06:24):
They say the time, they say the IP address of the
computer.
They actually have a screenshotfrom your webcam from the
moment you click upload.
Speaker 2 (06:32):
Yeah, it's all there.
Speaker 1 (06:33):
All there.
Speaker 2 (06:35):
Because I auto schedule it to post at 3am on
the Monday morning.
That's just like a hot tip forpeople if you're really keen.
Speaker 1 (06:47):
And that's why I'm awake at 2.45 am on the Monday
brewing a pot of coffee andwaiting next to my phone for 3
am to strike so.
I can listen to our episode.
And then the last questionthere is when was the first
episode of the no ExcusesCoaching with Ryan Montes and
(07:10):
Alana Banks?
Do you know the answer to that,alana Banks?
When was the first episode?
Speaker 2 (07:15):
The first episode, I think, was on March 29th, is
that correct?
Speaker 1 (07:22):
Of what year 2023.
Speaker 2 (07:27):
No 2020.
Yeah, 2023.
Right.
Speaker 1 (07:32):
I mean according to this FAQ, which we had no say in
.
So I don't know, and I wouldhave had no idea If you would
have said, Ryan, what day wasthe first day of the podcast.
My very honest answer would beI have no idea.
Yeah, According to this, March30th 2022.
Speaker 2 (07:52):
OK, yeah, cool.
Speaker 1 (07:55):
Yeah, so oh, although there's not a little, we're not
ranked on this site.
Speaker 2 (08:02):
There is a list of our 10 best episodes oh best
episodes ranked by good podsusers most listened yeah, I well
, I already know this info fromour analytics, but so I should
just not well, I think I knowour number one episode is the
(08:23):
like the powerful, the mostpowerful ways to like have
success, or something like that.
I think it is not according tothis.
Speaker 1 (08:33):
Oh but remember this is the best episodes ranked by
good pods users most listened.
This is not general download.
Speaker 2 (08:41):
I mean, and we're not ranked.
Speaker 1 (08:50):
So I don't like does anyone on good pods even listen
to our podcast?
And that's a great question,because I have never heard of
good pods until whenever youthis morning or yesterday, when
it, whenever it was, yeah, um,so I don't know.
Anyways, and also it.
There's just a list of 10episodes and it doesn't specify
which one is number one andwhich one is number 10.
It's just a list.
Speaker 2 (09:10):
Yeah, like.
According to our analytics, themost popular is the two
criteria.
That makes you wildlysuccessful.
And that's actually like oursecond episode ever.
Speaker 1 (09:22):
Yeah.
Speaker 2 (09:23):
And that's not on this list Interesting.
So on this list.
Speaker 1 (09:31):
I'm not going to go through all 10, but at one end
of the list and I don't know ifthis is number one or number 10
is dispelling social mediamisconceptions for success, and
on the other end of the list isovercome the fear of being seen.
Speaker 2 (09:43):
Interesting.
Yeah, those are not in our top10 most downloaded, according to
our hard data analytics, butanyway, this is not what we're
talking about today.
Speaker 1 (09:55):
by the way, people um what we're going to talk about
today we talked a lot about ityeah, we did okay what are we
going to talk about today?
Speaker 2 (10:03):
but I think this is going to be more interesting for
people.
We're talking about the hardtruths about being an
entrepreneur that no one istalking about, and this is a bit
of tough love too.
I would say Probably some toughlove in here, hard truths and
tough love.
On the no Excuses CoachingPodcast today.
Speaker 1 (10:26):
Yeah, hard truths.
Speaker 2 (10:28):
Episode 99.
Speaker 1 (10:29):
Episode 99.
All right, we got six.
We got three from Banks, threefrom Montas.
Speaker 2 (10:35):
Yeah.
Speaker 1 (10:36):
What are they?
What is it?
Speaker 2 (10:37):
Hard truths, hard truths about being an
entrepreneur that no one istalking about, being an
entrepreneur that no one istalking about.
So what spurred this for me wasI was like scrolling Instagram
and I saw someone kind of usethis hook and I was like, oh,
that's interesting.
And so then it made me think,like what are some things that I
know are very true that I don'treally talk about, like with
(11:01):
anybody outside my immediatecircle?
And, um, and I know that theseare true for many, many, many
other people out there, butnobody really seems to like go
deep or talk about it or likemake it super public knowledge.
Um, because we all want to looksuccessful, right, like we all.
We all want to look like we'vegot it all perfect and like we
(11:25):
all know that that's a big fatlie, right, and I think the uh,
the the post that I was readingwas something like social media
is so fake, or something likethat.
And then this woman goes on totalk about, like, all these hard
truths about what it's been,what her journey has been, like
it actually, right now, in thismoment, yeah so I was like ryan,
(11:48):
let's talk about this.
I think it would be good for ourlisteners to hear you know the
hard facts, the hard truth aboutwhat it's like, and validate,
like you know what you might begoing through as well not you,
ryan, but you, the listener,might be experienced too, so
that you recognize that it'stotally normal yeah and that
(12:09):
there's nothing wrong with youand that you're doing it and
we're all doing it right yeahyeah.
So in my opinion, this is likevalidation uplifting we can do
this, you got this.
If you're feeling anxious oryou're feeling low, or you're
(12:29):
feeling like you want to throwin the towel, listen to this
episode and don't give up.
Speaker 1 (12:37):
Don't give up yeah, cool, so you want me to go first
, let's, I like, to do thealternation, the alternating the
alternation.
Uh, alter the nation.
Yeah, yeah, you um you go.
Speaker 2 (12:55):
I can go first you go first so my first one is
actually something that no onetalks about and I know a lot of
people are leaning on this andthat is, if it weren't for the
safety net of having somepersonal savings and having the
(13:15):
reliability of a partner'ssalary, like income from a
traditional nine to five job, Iwouldn't be able to do what I'm
doing right now sustainably,like I would probably have to go
out and get some type of likereliable bit of income, working
(13:36):
part-time or doing somethinglike that.
And so I'm very grateful to saythat I've had the, you know,
ability to pursue my dream andpursue my passion of being an
entrepreneur for many years.
You know, build, especiallybuilding this business, and
that's all come because I havethat safety net, you know,
(14:00):
keeping me afloat and, you know,allowing me the ability to
contribute when I can, and youknow, not have to be so stressed
out all the time about makingthe next sale or getting the
next client or having that youknow big revenue generating
month, and that takes off a lotof pressure.
(14:21):
And, um, you know, I know I'mnot the only one out there in
entrepreneur land.
Who, who is, you know, doingthis or has this like ability
Right.
So you know, and I think it's alike, a conversation more people
(14:41):
should be having to like um,well, when I did my solo episode
solo episode a couple of weeksago, I was talking, talking
about how I'd been at aconference and, um, one of the
speakers was putting out somelike pretty incredible facts and
like numbers about likefinances among women.
(15:03):
And in Canada, 3% of women makemore than $100,000 a year.
Right, which means 97% of womenin Canada are making less than
$100,000 a year.
So I think, like that's animportant statistic to like
understand, especially for womenentrepreneurs out there.
Like if you're, if you'refeeling the pinch or you're, you
(15:29):
know, leaning on your partnerfor income, that is like the
like more than for most people.
Like it is what it is in Canadalike, and I think that's a
really sad statistic thathopefully we can move right,
because, because the wage gap isvery real and a lot of the time
(15:49):
, and the other thing that wasso cool about this and I think I
brought it up was that mostwomen leave their career when
they have children.
Or they take like a likethey'll go into entrepreneurship
or they'll, you know, take a adifferent type of job that gives
them more flexibility to be,you know, the primary caregiver
(16:11):
for their children.
Speaker 1 (16:13):
Yeah.
Speaker 2 (16:13):
So, um, I think that's, like you know, important
conversation to have Cause it.
I know that happened for me,Like I exited the workforce when
I had kids and became anentrepreneur just because it
made more sense financially andit was easier.
Yeah, and I'm sure there's alot of women listening to this
(16:35):
podcast right now who are goingthrough the exact same situation
.
Speaker 1 (16:41):
Do you know what percentage of men make over a
hundred K?
Cause I don't know, like Idon't.
I just don't know if thatnumber I mean based on the
context, I think we're to assumethat it's low.
But what I like, is it 10% ofmen make over a hundred K?
Is it four?
Like I don't know.
Speaker 2 (17:01):
I don't know.
Let's look at that.
Speaker 1 (17:02):
It's hard for me to like conceptualize how alarming
that is without the comparison.
You know what I mean.
Speaker 2 (17:10):
Yeah.
Speaker 1 (17:11):
Like I would guess, just based on historical facts,
that the number must be lowerfor women, but I don't know.
Speaker 2 (17:21):
Yeah.
What does it say here?
17% of American men make over100K annually, compared to only
8.4% of women.
So men are twice as likely tomake over 100K a year difference
.
Speaker 1 (17:40):
That's a big difference, right, cool, okay,
but just to summarize yournumber one, it was you feel like
it would have been much harderto be a successful entrepreneur
if you didn't have the safetynet of personal savings and
reliable income of your partner.
Right, yeah, cool.
(18:02):
I think a lot of people canrelate to that and first of all,
I want to just say that I don'tthink there's anything wrong
with having a personal savingsor having a supportive partner
right.
Um, and also I don't think it'smandatory, right?
I think there's a lot of womenentrepreneurs and entrepreneurs
in general who have becomesuccessful without the benefit
(18:23):
of those things, right?
So I don't think we're sayingthis because, you know, we want
to discourage anybody whodoesn't have a lot of money
saved up or a partner that cangive them an influx of cash for
their business.
We're not trying to discouragethose people.
We're just saying that somepeople who are successful, part
of their journey to success wasthe support of others around
(18:44):
them, right, and that may besomething to factor in,
especially if we're likecomparing ourselves to others,
right?
Speaker 2 (18:50):
A hundred percent.
Yeah, you know, and and there'sall kinds of different levels
too.
Like I became an entrepreneurwhen I was, I had a two-year-old
and I was pregnant, right.
And so would I have done thatwithout the safety net of like a
maternity leave and thereliability of like a partner?
(19:11):
Probably not.
I would not have taken thatrisk, right.
But I was able to do thatbecause it kind of made sense.
So it's just like, and I thinkit's just, you know, when we're
(19:31):
doing that comparison game andseeing all kinds of people on
social media who areentrepreneurs, right, it's just
like you have to see, like whereare they at in their life
journey, and you know what Imean All those things too, for
like a single person with noresponsibilities, maybe no
mortgage, no kids, to be likegoing after a dream, versus,
like you know, a woman who hasmaybe three kids and a mortgage
(19:53):
and all kinds of stuff, right.
So it's just like I think thereneeds to be more.
It would be nice if there wasmore conversation about it, like
where's everybody at?
Cause, like it would be nice ifthere was more conversation
about it, like where iseverybody at, because, like, we
don't really share that a lot inthe entrepreneur space.
Speaker 1 (20:10):
I don't feel yeah.
Speaker 2 (20:12):
Like it's kind of kept secret, like how is she
doing this, how is she affordingthis lifestyle?
Like you know what I mean, yeah, or how is he doing it?
Like there's a lot of assuming,I think too, and sometimes you
go to the assumption what's your, what's your next on the list?
Speaker 1 (20:33):
Let's see my, so my first on the list.
Speaker 2 (20:36):
Your first on the list.
Yeah, the next on the nextthing on the list.
Speaker 1 (20:41):
My first on the list is for an entrepreneur.
It's it can be lonely at thetop.
Right, it's lonely at the top.
We've heard this expression.
It's very much true.
I remember years ago being inlike long before I was really an
entrepreneur being in a.
It was a Toastmasters meeting,but it was, which is a public
(21:03):
speaking club.
Of course we talk about it allthe time, but within this public
speaking organization ofToastmasters there's advanced
clubs and so I was at thisadvanced Toastmasters club in
downtown Toronto and it was apretty like high level crowd and
I think either on one of thebreaks or before or after the
(21:25):
meeting started, there was justa few of us standing around and
there was this like millionairedude there, like really
successful white collar businessdude, and I can't remember how
it came up in conversation, butI remember him saying you know,
oh, he was talking about somemastermind that he was in.
(21:45):
And I remember him saying it'sknow, oh, he was talking about
some mastermind that he was in.
And I remember him saying it'slonely at the top, like
describing, like the owner of asuccessful company, and he
wasn't a coach or anything likethat, he was a very much like
traditional business person andI just remember like looking at
him and really being able totell, when he said it's lonely
at the top, like he really meantit, like it was not a metaphor
(22:09):
or or um, you know hyperbole.
He was describing this pain inhis life of of like achieving
this level of success, only tofind that it's like not always
that fun once you get to the top, right.
And now, being an entrepreneur,I totally understand what he
(22:33):
means, right, I totally knowwhat it's like to be like
sitting here alone in my officeand like the bills are paid and
there's lots of happy customersand all that stuff, but at the
end of the day, like I'm herealone in my office with my
challenges and my triumphs andit's you know to some degree,
(22:54):
and you know I have great peoplesurrounding me all the time,
like Atlanta Banks, and you knowmy clients and so on and so
forth.
But to a degree you know, whenyou're a company owner, you're
an entrepreneur, you're asolopreneur, there is some
loneliness that you wereinevitably going to face and
(23:15):
have to have to endure.
Speaker 2 (23:18):
Yeah, totally, because nobody, at the end of
the day, nobody cares as much asyou do, right, about your
business and what you're up toand cares as much as you do,
right, about your business andwhat you're up to and you know,
and often people don't reallyeven know what you're up to too,
which can feel lonely becauseyou know you're just doing your
(23:40):
thing.
So that's why it's important tocelebrate as an entrepreneur
too.
I think that's why it's becauseyou can just kind of like go
through the motions and keepgoing and like not celebrate.
But I think that's you know why.
It's because you can just kindof like go through the motions
and keep going and like notcelebrate.
But I think that's you know,why it's important to like
really celebrate some of theachievements that you have and,
like you know, milestones inyour business, to celebrate
connected right.
Speaker 1 (24:00):
Celebrate and connect as much as you can with other
people who are on the samejourney, right like yeah um, uh,
you know, be in mastermindswith other people, other
business owners, otherentrepreneurs, right and join
totally whatever suits you.
Um, collaborate too, becausethat also helps and and, like
(24:25):
you know, I've I've made a lotof effort in the last four years
to connect with my counterpartsin this industry right, like
even people who technically aremaybe my competitors and the
idea of competition, okay, Ithink is an outdated one in many
ways, but like, connect withthe other people in your
industry that are doing similarstuff and make friends, right
(24:48):
yeah yeah it makes it more funthat way yeah like I've made
such great friends throughoutthis journey, and it's just made
it so much more fun, you knowyeah, yeah and
then you have people to talk tolike when you are feeling lonely
, you know Cool.
Speaker 2 (25:07):
Cool.
Second one for me is sometimesit's not fun, is the hard truth
that I'm going to share.
Sometimes it's not fun and whenI say this I specifically mean
sometimes it's not fun beinglike a mom, which I am, and
(25:28):
being an entrepreneur at theexact same time, because it's
kind of like you have these twodifferent parts of yourself that
have priorities right One beinglike your children, the other
one being your business, andsometimes you can be like
working lots and thriving andlike feeling brilliant flow, but
(25:49):
then you have to.
You know you also have theresponsibility of like being a
mom and being there for yourkids and everything, and like
you feel like you're lettingthings slide in your business,
but then, when you're spendingtoo much time with your business
, then you feel like you'reletting things slide with your
kids, and so it's this constantjuggle of like for me personally
, of kind of feeling like I'mletting people down or I'm, you
(26:10):
know, not being enough andthat's not a fun place to be
sometimes, because sometimes I'mlike I just want to like spend
all my time on my business, butI can't because I have, like you
know, my children to look after.
Like I have like very, I can'tjust let that slide Right,
whereas like some other thingsin your life, it's easier to let
(26:32):
things slide.
So that's a that's like a hardtruth for me when it comes to to
be an entrepreneur, it's likesometimes it's not fun Because
you almost can't be completelypresent all the time in one or
the other, because you're alwayskind of thinking about the
other thing.
Speaker 1 (26:53):
Mm-hmm, yeah, I think even you know that's a really
good example.
And there's other kind ofparallels, like, you know,
entrepreneur versus familyperson, you know entrepreneur
versus community member.
Um, we wear as human beings andlike, as soon as one of those
(27:19):
hats is entrepreneur, if you'renot careful it can compromise
some of the others.
Speaker 2 (27:26):
Right yeah.
Speaker 1 (27:28):
Yeah.
Speaker 2 (27:34):
And we've talked about it before, like when it
comes to just like balance,right, like we've had a few
conversations about balance andit's.
You know, I don't believe thatthere is such a thing as balance
.
I think it's priorities, right,and yeah, right.
Sometimes for me it's just aslike it's my kids and my
business, and you can only fillso much of that tie yeah so um,
(27:55):
yeah and I mean with a like witha traditional job, it's very
easy to draw those lines.
Speaker 1 (28:00):
It's like you know when your start time is.
You know when your end time isright.
Speaker 2 (28:04):
Yeah.
Speaker 1 (28:05):
But when?
Speaker 2 (28:05):
you're an entrepreneur, you know it's
different.
Yeah, and even with even withthat, like those lines have
become very blurry, right Likenow that we're in the post COVID
world and people are workingfrom home and working in all
kinds different things, likeeven working a nine to five job.
It's it's becoming more andmore challenging, I think, for
(28:25):
people in general like tobalance all the things, because
everyone thinks you're availableall the time yeah so, but it's
easier when you're.
it's actually kind of easierwhen you're an entrepreneur
because you get to call theshots, whereas if you're an
employee and your boss isemailing you at nine o'clock at
(28:46):
night, you have to kind ofrespond.
Speaker 1 (28:49):
Yeah.
Speaker 2 (28:51):
So I mean, I guess there's two sides to this one,
but it is a challenge andsometimes not very, very fun.
Or sometimes you've got areally great week planned and
then your kid comes down withthe flu and like you're like
crap.
Speaker 1 (29:05):
Yeah.
Speaker 2 (29:05):
And it's all on you too, right, like it's just like.
Well, this is my at least.
With a salary job, you'regetting paid, no matter what.
But the entrepreneur life is abit different.
Speaker 1 (29:16):
Yeah.
Speaker 2 (29:19):
Cool.
Speaker 1 (29:21):
All right, what's the next?
Speaker 2 (29:22):
one.
Speaker 1 (29:23):
I don't know.
I've lost track.
Now Is it my turn.
Speaker 2 (29:26):
Yeah, it's your turn.
Speaker 1 (29:28):
I can tell you what it is.
No, I know what.
It is Nice to hear it.
The next hard truth about beingan entrepreneur that no one is
talking about although Ishouldn't say no one is talking
about, um, although I shouldn'tsay no one, because this topic
came up in a mastermind that I'min very recently but, um, we
live as an entrepreneur.
We live in near constantuncertainty.
(29:51):
Um, at times there's verylittle certainty with, like,
what's gonna work, what, what'snot going to work, what sales
are going to be like.
You know, over time thingsbecome a little bit more
predictable and you know yeahbut really there's always
looming uncertainty when you'rean entrepreneur with every
(30:14):
action you take, like you canalmost never say with a hundred
percent I will do this actionand it will produce this result.
It's like it's almost like aftera while you realize everything
is just a test and like there'sthis undefeatable element of
randomness to everything in life.
But you really see it inentrepreneurship and in business
(30:37):
ownership and I guess thelesson is you need to be okay
with that and if you're not okaywith that, you're going to be
constantly uncomfortable which,again, maybe you're okay with
that or you need to not be anentrepreneur.
Like ultimately, if you can'taccept the risk and the
uncertainty of being anentrepreneur, like, ultimately,
(31:00):
if you can't accept the risk andthe uncertainty of being an
entrepreneur, it gets reallyhard to take action Right, like
you know.
Think about spending money onadvertisements.
If you need 100 percentcertainty that you're going to
spend X on ads and get Y inreturn, that can almost be
debilitating debilitatingespecially if you start to see
returns that are not what youwere certain was going to happen
right, yeah, totally yeah.
Speaker 2 (31:23):
Constant uncertainty is definitely like a big one,
but then there's also sometimeslots of certainty, lots of
amazing certainty too.
Speaker 1 (31:31):
So there can be.
There can be, or I mean likesuccess in business can give you
certainty in other contexts.
Yeah, yeah, that's kind of whatI meant when I or I mean like
success in business can give youcertainty in other contexts.
Speaker 2 (31:41):
Yeah, yeah, that's kind of what I meant when I when
I said that yeah yeah, that's agood one.
And the other thing, too, islike, especially more now, more
now than ever, we're also livingin very uncertain times, just
like globally.
I would say so, like being anentrepreneur right now is kind
(32:03):
of like a scary endeavor, justbecause of like just I feel like
there's a lot of uncertaintyeverywhere.
Right, okay, now this one is mynext one is a little bit of it
like a different one than whereI was going before, but this one
is around social media and justlike recognizing that there is
(32:28):
never one thing that's going tobe the thing that makes or
breaks your business or likeyour success as an entrepreneur.
I don't think and you know, Iwas always of this belief that
if I got a big enough communityon Instagram or like social
media, then it was going to begood for me.
(32:48):
You know what I mean.
Then I was going to have thecommunity and then the sales
would happen.
And that happened for me, right, and I don't even know when it
happened now, but like over Inovember and december, I gained
65 000 followers on instagram,which is a lot like that's a lot
to get over.
Like a three week period, myengagement was through the roof.
(33:11):
I was getting like tens ofthousands of views on my
instagram reels, dms, you knowall kinds stuff, and it did like
increase my business and stufflike that.
But now where are we End ofMarch and I'm losing hundreds of
followers a day and myengagement is like it's more
(33:33):
variable.
I would say now, right, and soit.
It just kind of left me sort ofconfused too.
So, um, I'm kind of like WTF,right, how did this happen?
How did how?
How does it happen?
How does it work?
I don't get it.
Like it's.
It's so confusing and like Ithink a hard truth in
(33:55):
entrepreneurship is like nothingmakes sense ever.
Like it's just like you don'tknow when the next thing or the
cool thing is going to happenand when it can just be gone in
a minute yeah right.
So I guess, be expect to theunexpected and be okay with that
(34:16):
and like, ride the wave whileyou're in it and then when
you're not in anymore.
I don't even know if you canfigure it out.
I probably won't be able tofigure out what happened there,
um, but it happened right yeahso, however I'm you know, I I am
(34:37):
left with a pretty still, eventhough I'm losing hundreds of
followers a day, I still have apretty great new community of
people.
Speaker 1 (34:50):
So you gained 65,000.
Is that how many?
It was 65,000 followers.
Speaker 2 (34:58):
Yeah.
And now you're losing like 100a day yeah, yeah, like I dropped
from, I was at like almost70,000 and now I'm at 68, 68,
(35:20):
68,000.
68.2 thousand.
Speaker 1 (35:24):
So 70 minus 68.2 is 1.8.
Divided by 70 is 2.5% shrink.
I think that.
I don't know, but I feel likeit's not huge.
I feel like that could just beexplained by like fake accounts
(35:47):
getting deleted.
Okay, yeah, I don't, that'sfair like I mean certainly it's
some people being like oh, whydid I follow this lady?
She's nuts.
Like definitely it's.
No, I'm just kidding, it's notthat.
Um, although like, maybe, likeyou know, because not obviously
not that, but like people beinglike oh yeah, you know I
remember following her, but likeI'm not really into the content
(36:10):
, yeah um, or you know what,like some people are just like
weird and just like not weird,but like a lot of people go
through this, I'm unfollowingeveryone today, kind of.
Speaker 2 (36:23):
Thing like.
Speaker 1 (36:24):
I see that a lot on social media, not just not even
in my own followers, but likeyou know, well, I mean, I did it
.
Speaker 2 (36:31):
I've been doing it this week.
Speaker 1 (36:32):
I've just been unfollowing people that I'm just
like yeah, yeah so likeinspiring yeah anyways, but I
get your point, like you knowyeah, like, just like things are
just, things are so unexpected.
Speaker 2 (36:44):
Like you're just there's no like well, that falls
into your point around theuncertainty too.
Right, it's just like there wasno certainty that I was gonna
like increase my instagramfollowing by 65,000.
Right, but I did and I rolledwith it.
And then now I'm seeing thislike shrinkage and kind of
(37:06):
trying to figure out okay, whatis it that I need to do now to
like bring that back?
Speaker 1 (37:12):
Yeah.
Speaker 2 (37:13):
You know, I feel like there's always something that
you're like what do I need tohave to figure this out now?
Yeah, I thought I hacked this.
Speaker 1 (37:22):
Or just let it be.
Let it be or let it be yeah.
The last one on the list hardtruths about being an
entrepreneur that no one istalking about.
This one, I think maybe peopleare talking a little bit about.
When you are an entrepreneur,no one understands you yeah
right, particularly like thepeople closest to you may not
(37:47):
understand you, right like, whenyou do something radically
different to what most people do.
Um, you gotta like understandthat a lot of people are not
gonna understand, right likeyeah when I joined the military
being, you know, the firstperson in my family since the
draft and the first person everto voluntarily join the military
(38:08):
in my family like that wasweird and, like you know, people
can be supportive even if theydon't understand you, and
luckily that's been the casewith you know, the people around
me, um, and you know, there'sbeen a few things in my life
where it's like no one's goingto understand this.
Um, and being an entrepreneur,I'm not the first entrepreneur
(38:31):
in my family, definitely thefirst like NLP, trained
hypnotherapist entrepreneurfamily, um and like, like you
know, I don't expect everybodyto understand and and they don't
all the time, right, they'restill supportive.
Speaker 2 (38:45):
but yeah, I get it right and I think it's part of
like the the industry that we'rein is a little bit more
difficult to understand.
Like, if you're like, oh, I'mgonna a widget seller, you know
what I mean Then people kind ofget it more.
But when you're talking about,oh yeah, like I'm helping people
get unstuck in their life, orI'm helping people get to the
(39:08):
root cause of their problems, oryou know, I'm running this
program about, I don't know,overcoming self-doubt, people
are just like what do you doexactly?
Like what is your product like?
Is this sustainable?
Like, are you actually makingmoney doing this right?
Like?
I think that's kind of thething that people don't
(39:28):
understand, and often it's justlike they don't understand
because they just can't imaginethemselves doing it too Right.
Speaker 1 (39:37):
Yeah.
Speaker 2 (39:38):
And, um, I think this is a big hurdle that that new
um coaches or, like you know,people in the service industry
who are becoming entrepreneurs,have to get over like right away
.
Cause I remember this was likea big, big, big thing for me for
a while, was like I just wantedeveryone in my immediate like
(39:58):
circle to understand what I wasup to and I wasted so much
energy worrying about that andwanting them to get it.
And now, like in hindsight, I'mlike, oh, why did you care so
much?
Like cause, now I honestlydon't care that people don't
understand what I'm doing.
I'm just doing what I'm doingand I love it and I've let go of
(40:22):
that thing too, to like makethem understand.
I just I just honestly reallydon't care anymore.
I think it's kind of coolactually, cause I'm kind of like
this mystery woman that peopleare like what does she do?
Speaker 1 (40:40):
yeah, yeah, I mean um , just because people don't
understand you doesn't mean youknow they don't like you, right?
Speaker 2 (40:48):
but yeah or that.
Speaker 1 (40:49):
What you're doing is wrong yeah yeah right, people
just want to understand, or justlike like for me, it's like
where I feel it.
I think is there's like randomthings that an entrepreneur just
feels like are totally normal,that are totally not normal for
anyone who's not an entrepreneur.
(41:09):
Like like you know, like I'llbe in the middle of like a
random task and be like I needto drop what I'm doing and
record a voice memo into myphone before this thought leaves
my head.
It's hyper important.
It's more important thananything in the world right now.
If I don't do, it, all will belost.
Like entrepreneurs, have thesemoments right yeah um and like
(41:31):
to the entrepreneurs, just like.
This is totally normal.
I have to do this, but to likea regular person like you know,
yeah, like can't that wait until?
Yeah, can't you do that afterwe finish these burritos or
whatever, like when you?
Speaker 2 (41:47):
know.
So that's the list.
Those are hard truths, I knowfor sure.
People are like yes, thank youfor validating me, so you're
welcome and, uh, that's it.
That's our 99th episode.
What?
Speaker 1 (42:04):
are we going to talk?
About on the 100th episode weshould just like release an
episode.
That's just like silence.
Just prank the audience for the100th episode yeah, yeah, I was
gonna say yeah.
Yeah, I was going to sayeverybody should join my free
group, Mission improvement,finding attractive secrets for
hypnosis.
(42:24):
Business owners, coaches, NLPfolks check it out.
It's a good time.
Speaker 2 (42:30):
Yes, do that and book a breakthrough with me.
If you're, if you're feelinglike you're feeling stuck, or
you're feeling overwhelmed withself doubt, or you're feeling
like something's missing, likethere's more for you, but you
just can't access it um, mybreakthrough.
(42:51):
Clients are crushing it.
They're loving life right nowyeah, so sign up for that.
I'm, I'm, I'm offering.
My breakthrough is still at 650um.
I actually just decided to dolike a flash thing until sunday,
but you're not going to belistening to this until monday.
(43:13):
But if you hear this on thepodcast, I will.
I will give you the discount.
So let me know.
Speaker 1 (43:22):
Cool, love it.
Speaker 2 (43:24):
Yeah, so follow me at AlanaBingsCoaching.
Follow Ryan at RyanMontesNLP.
Follow the no Excuses CoachingPodcast at it's.
I don't know what it is noExcuses Coaching.
Speaker 1 (43:37):
Whatever it is, find it and follow it.
Speaker 2 (43:40):
Yeah, just search it, you'll see it.
Yeah, all right, that's it.
Speaker 1 (43:43):
Or shoot us a DM.
Yeah, okay, bye, everyone.
Speaker 2 (43:47):
Bye.
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