[05:31]: I wanted to be a pilot since I was eight years old as well. So in a way, there was a conflict, you know, having this really entrepreneurial flair, but desperately loving airplanes. I think I wanted to
be an airplane first and then realized, ok, you can’t
be an airplane.
[08:15]: I call it EBS. I think something that a lot of entrepreneurs suffer from is called Entrepreneurial Boredom Syndrome. The fun part is the building. Once it starts working, it’s not so fun anymore.
[08:42]: An expert in the food industry we managed to get in touch with said, it’s a third-third-third model. Really simply, you should have a third of your costs as your food acquisition, a third should be all your other costs and then a third should be profit. So, if you’re buying a piece of fish, it should cost you $1, your fixed costs should be $1 and then you should make $1 profit. So you should sell it for $3. And we were selling it for $2.20, and we were the most expensive in the city.
[14:22]: We did a lot of cargo, flying cargo airplanes. And so we would start work at 8 pm and finish at 5 am. We’d go down to Asia, and then come back to Japan. And it was brutal. You know, doing it three nights a week. There’s a ton of reasons why I got out of flying, but that was probably one of the biggest ones. I just saw the impact it was having on my health, just not being able to catch up on sleep. Not being able to recover is really tough.
[18:15]: I keep reminding people that. We come out of careers, we come out of college, we come out of school, and we’re like, how do you do it? What’s the framework? And it’s like, hey, the framework is whatever the heck you want it to be. Create your own utopia.
[22:17]: And I was like, “Wow, I’ve had to never network before.” You know, as a pilot, there’s no need to network to find a bunch of flight attendants or network to find, you know, to find the air traffic controller. So it’s like, “Man, this, this is the new skill for me.” And sales. I’ve never sold anything before. It’s taken me five years just to become comfortable with asking somebody for money.
[35:32]: I call them “What if positive.” What if you try this business and what if you meet the woman of your dreams in the pursuit of this business? Will that make it worth it? What if you leave your job and then start growing this business, and it takes you into a whole different industry that you never thought and there is 10 times as much profit available than you ever imagined when you first started?
[47:19]: So I’m a lazy entrepreneur. Whatever Gary Vee says, I sort of do the opposite. I’m like, don’t work before you’re living, take Mondays off….
Whether you think you can or you think you can’t, either way, you’re right. – Henry Ford