• How I Destroyed My First Business: A Cautionary Tale

  • Sep 4 2024
  • Length: 36 mins
  • Podcast

How I Destroyed My First Business: A Cautionary Tale

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  • Summary

  • In this episode of The Jason Wright Show, Jason opens up about the mistakes he made as a young entrepreneur, including frivolous spending on luxury items and taking his eye off the business. He shares the story of how he bought custom boots, expensive vehicles, and pursued an MBA, thinking these would make him look successful. Instead, these actions led to the eventual downfall of his first business. Jason urges new entrepreneurs to stay focused on their business and avoid unnecessary expenditures to truly succeed.


    00:00 The Illusion of Success

    01:04 Welcome to the Jason Wright Show

    01:07 A Confessional and a Request

    02:17 How to Destroy a Business

    03:27 The College Years

    06:01 Early Career Struggles

    08:56 Becoming an Entrepreneur

    09:46 The Real Estate Venture

    12:55 The Downfall Begins

    16:15 The Hummer Mistake

    18:26 The Hummer Fiasco and Entrepreneurial Traps

    19:04 The Illusion of Success: Assets vs. Cash Flow

    21:24 The MBA Decision: Seeking Validation

    23:26 The Cost of Credentialing: SMU Experience

    25:51 Lessons Learned: Focus and Avoiding Distractions

    30:49 Appreciating the Small Business Journey

    33:33 Final Thoughts and Advice for Entrepreneurs

    35:34 Conclusion and Farewell
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Leadership Hygiene & Healthy Living Economics
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