0:00

Happy Monday! I'm Michael Kavnatt, host

0:02

of The Next Big Idea Spinoff,

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The Next Big Idea Daily. Every

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weekday, I invite leading nonfiction authors

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to share the big ideas from

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their books about psychology, business, relationships,

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and just about everything else. It's

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a mini master class you can

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listen to in the time it

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takes to walk your dog. You're

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about to hear the episode we

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published this morning. To get the

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rest of this week's episodes, follow

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the next Big Idea Daily, wherever

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you get your podcasts. LinkedIn

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Presents. Good

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morning. I'm your

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host, Michael Kavnatt,

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and this is

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The Next Big Idea Daily. Quick Masterclasses

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from the best new nonfiction in under

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15 minutes. Make sure you're following the

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show to get new episodes and sign

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up for our free companion newsletter using

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the link in the episode notes. So

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have you ever fantasized about quitting your

0:57

job and being your own boss? It's

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a tantalizing idea for many of us,

1:02

but a scary one too. How do

1:04

you do it? Do you have the

1:06

stomach for it? Well here to make

1:08

the process a little bit less terrifying

1:11

is Grant Sabatier who went from

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broke and jobless to financially free

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by age 30. Grant has started

1:17

and sold multiple businesses. He's the

1:19

co-founder of MMG Media Group, the

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creator of millennial money which was

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acquired by the Motley Fool, and

1:26

an active angel investor and advisor.

1:28

His story and writing have been

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featured in more than 400 international

1:32

media outlets and his 2019 book

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Financial Freedom became an international bestseller.

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Now grants back with a new

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book called Inner Entrepreneur, a proven

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path to profit and peace. And it's

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all about building a business that doesn't

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just make money, but it actually makes

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your life better. Sound pretty good. Well

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here's Grant to share five big ideas

1:52

to get you started right after this

1:54

quick break. Hi,

2:06

I'm Kwame Christian, CEO of the

2:09

American Negotiation Institute, and I have

2:11

a quick question for you. When

2:13

was the last time you had

2:15

a difficult conversation? These conversations happen

2:17

all the time, and that's exactly

2:20

why you should listen to Negotiate

2:22

Anything, the number one negotiation podcast

2:24

in the world. We produce episodes

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every single day to help you

2:28

lead, persuade, and resolve conflicts both

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at work and at home. So

2:33

level up your negotiation skills by

2:35

making negotiate anything part of your

2:37

daily routine. From LinkedIn News, I'm

2:39

Jesse Hemple, host of the Hello

2:42

Monday podcast. Start your week with

2:44

the Hello Monday podcast. We'll navigate

2:46

career pivots. We'll learn where happiness

2:48

fits in. Listen to Hello Monday

2:51

with me, Jesse Hemple, on the

2:53

LinkedIn podcast network, or wherever you

2:55

get your podcasts. Hi,

3:02

I'm Grand Sabatier, author of Inner

3:04

Entrepreneur and the international best-seller Financial

3:06

Freedom. I'm an entrepreneur who has

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started and sold multiple businesses and

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I'm passionate about helping you use

3:12

entrepreneurship to achieve financial independence and

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build a life you love. I'm

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going to share five key insights

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from my new book, Inner Entrepreneur,

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that can help you whether you're

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curious about entrepreneurship or already a

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seasoned pro. Insight number one. The

3:27

perfect business formula. The perfect business

3:29

combines how much time you have,

3:31

your skills, and your passion, with

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a market opportunity and a mission

3:35

bigger than yourself. This formula helps

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you create a business that makes

3:39

money, aligns with your strengths and

3:41

interests, and helps you make an

3:43

impact. While it's never been easier

3:45

in history to make money, how

3:47

you make money, and use money

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to build a life you love

3:52

matters. When you help others through

3:54

your business, whether that's being able

3:56

to help your employees support their

3:58

families, or helping the broader... world,

4:00

you're able to unlock a level of

4:02

joy that goes beyond just serving yourself.

4:04

For example, when I started my media

4:07

company, millennial money, I combined my

4:09

digital marketing skills, passion for

4:11

personal finance, and the growing

4:13

market opportunity and financial education.

4:16

Most schools don't offer personal finance

4:18

education, and many people didn't grow

4:20

up learning about money. So I saw an

4:22

opportunity to build a personal finance

4:24

media company. This alignment... allowed me to

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build a successful business that I truly

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enjoyed running and made a real impact

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on people's lives. But it wasn't just

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about me. There was a genuine need.

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Think about it. Are you solving a

4:38

problem for people, making their lives easier,

4:40

making them happier, or maybe even helping

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them make money? You can use my

4:44

perfect business formula to figure out what

4:46

to focus on. Consider Ashley

4:48

Hamilton, the single mom from Detroit

4:51

mentioned in the book. She started

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investing her tax refunds in real

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estate, fueled by a mission to

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offer affordable, high-quality rentals to low-income

5:00

families. This mission amplified her

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efforts, providing her business with purpose

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beyond mere profit. This alignment is

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key. The beauty of the perfect business

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formula is that it's not static.

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Your skills will evolve, your passions

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might shift, and the market will

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undoubtedly change. Being mindful of these

5:18

elements allows you to adapt

5:20

and ensure your business remains

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a source of both profit

5:24

and personal fulfillment. Freedom comes

5:26

from limits, not unlimited choices.

5:28

We tend to think of freedom

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as having unlimited choices, but

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setting limits in business and

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life actually expands your freedom.

5:37

When you define what you don't want

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to do and what you do want to

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do, you can create what I call your

5:44

space of freedom. This is the space where

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you're able to do what truly matters, the

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things that you really love. If you don't set

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these limits for yourself, you'll default to

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the limits others set for you. Take

5:55

travel, for example. I learned early that I

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hated traveling for work unless it was... I

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loved, I was very excited to explore.

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Since then, I have consistently turned down

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lucrative opportunities because they would require me

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to travel and spend time away from

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my family. This clarity is essential. What

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are your non-negotibles? Is it spending evenings

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with your family, only working four days

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a week, being able to pick up

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your kids from school? Defining these limits

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up front will guide your decisions and

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prevent you from getting caught in the

6:25

trap of chasing every opportunity. In my

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own journey, I've worked hard to create

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these limits in my life, and these

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limits have given me more freedom. I

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learned to say no to clients and

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opportunities that didn't align with my goals

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and how I wanted to spend my

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time. It also allowed me to focus

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on the projects that were most fulfilling

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and ultimately were more successful. It also

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meant I had more free time to

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dedicate myself to the things I really

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wanted to do. By setting limits, you

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can avoid burnout and build a business

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that supports your ideal lifestyle. Make sure

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you're building a business that aligns with

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and supports the type of life you

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want. Now, this isn't about creating arbitrary

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restrictions, but rather thoughtfully designing your business

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around your values and priorities. What tradeoffs

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are you willing to make, and

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what lines will you not cross?

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Trust what you feel, before, what

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you think. Intuition is a powerful

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tool in business decisions. While data

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and analysis are important, your intuition

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often picks up on subtle clues

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and cues that your rational mind

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might miss. I've always been fascinated

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with this concept. The more you

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trust your intuition, the stronger it

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becomes. It will start feeling easier,

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than easy, and eventually effortless. For

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instance, when I decided to leave

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my first company, many people thought

7:41

that I was crazy for leaving

7:43

so much money on the table,

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but I knew I would never

7:47

be happy, no matter how successful

7:49

the business was. Since then... Every

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time I've trusted my intuition over

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my mind, I've made the right

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call. Think about what you know

7:58

about yourself. Can you tap into

8:00

those deeper... feelings. Remember, those emotions

8:02

or signals. They tell you what

8:04

you need to hear and allow

8:06

you to sense information that may

8:08

not be practically conveyed. If you

8:10

feel stressed or conflicted, there's a

8:12

reason. If you feel stuck, it's

8:14

because you are. It's about striking

8:16

that balance between the rational and

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the intuitive. Our intuition is connected

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to a deeper level of consciousness,

8:22

which is always working for us

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and beyond our rational comprehension. It

8:26

is our pathway to the universe.

8:28

But how do you cultivate this

8:30

intuitive muscle? Start by paying attention

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to your body's signals. Do you

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feel a sense of excitement or

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dread when considering a particular opportunity?

8:38

Practice making small decisions based on

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your intuition and observe the outcomes.

8:42

Over time, you'll become more attuned

8:44

to your inner wisdom and better

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equipped to navigate the complexities of

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entrepreneurship. In many cases, you already

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know what you need and what's

8:52

best for you. Double

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down into your strengths instead of fixing

8:57

your weaknesses. Focus on leveraging your strengths

8:59

rather than trying to overcome every weakness.

9:01

Recognize your strengths and what excites you

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and build a business that caters to

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those. You're much more likely to be

9:08

successful if you spend your time improving

9:11

your strengths instead of trying to fix

9:13

the things that you're not interested in

9:15

or great at. In business, it's often

9:18

more effective to excel in areas where

9:20

you're already strong and outsource or delegate

9:22

anything else when you can. Out sourcing

9:24

is more effective if you've already learned

9:27

how to do something yourself. When you're

9:29

first starting out as an entrepreneur, you'll

9:31

likely need to do most things yourself

9:34

since you won't be making enough money

9:36

to outsource tasks. But as you make

9:38

more money, out sourcing becomes both essential

9:41

to grow your business and have the

9:43

correct limits in your life. For example,

9:45

I'm great at marketing and content creation,

9:48

but not at managing people. So instead

9:50

of hiring full-time employees, I work to

9:52

build businesses with partners who manage themselves,

9:54

or I outsource any work that I'm

9:57

not good at to contractors. Just don't

9:59

fall into the trap of trying to

10:01

be a drag of all trades. It's

10:04

far more effective to assemble a team.

10:06

or network of individuals who complement your

10:08

skill set. Identify the areas where you

10:11

excel and focus your energy on honing

10:13

those talents. Delegate or outsource tasks that

10:15

drain your energy or fall outside your

10:18

expertise. This approach allows you to operate

10:20

in your zone of genius and create

10:22

a more efficient and fulfilling business. But

10:24

that doesn't mean you shouldn't try things

10:27

on your own when you're first starting

10:29

out as an entrepreneur. There's an immense

10:31

amount of value in teaching yourself the

10:34

basics of how business works. By learning

10:36

how to do everything at first, it

10:38

will be easier for you to build

10:41

the systems required to create sustainability in

10:43

your business. This is key. When you've

10:45

built systems that create more predictability in

10:48

your business, your business will be more

10:50

resilient and you'll be able to adapt

10:52

to market forces more quickly. Owning and

10:54

running a business is about adapting, growing,

10:57

and managing uncertainty. You need to control

10:59

as many of the variables as you

11:01

can by creating systems. Systems are the

11:04

key to sustainability. And it's this sustainability

11:06

that will help you sleep better at

11:08

night and unlock more peace in your

11:11

life. Momentum is the most powerful force

11:13

in business. Building and maintaining momentum is

11:15

crucial for business success. Without enough momentum

11:17

every business will fail. Simple strategies like

11:20

working in sprints, regular rest, exercise, general

11:22

movement, eating well, and taking time to

11:24

be with your family can keep your

11:27

energy in balance. Small, consistent actions compound

11:29

over time to create significant results. When

11:31

building my businesses, I focus on taking

11:34

action every day, even if it's just

11:36

a small step. If something doesn't work,

11:38

learn to let go and keep moving.

11:41

Small failures are inevitable. Don't let them

11:43

turn into momentum killers. The most financially

11:45

successful people on the planet are the

11:47

ones who make the most choices every

11:50

day. A choice could be as consequential

11:52

as whether to buy another company or

11:54

as whether to cancel the meeting to

11:57

free up an hour. But all choices

11:59

push any into the world and will,

12:01

when compounded, make an impact. This constant

12:04

forward motion helped me overcome

12:06

obstacles and seize opportunities. Remember,

12:08

it's not about making perfect decisions,

12:10

but about making decisions and learning

12:13

from them. Making decisions trains

12:15

your intuition to make decisions

12:17

for you. Before long, you

12:19

can start making decisions almost

12:21

unconsciously. The world is always going to

12:23

be full of risk and uncertainty. Unproductive

12:26

people. Try to manage this uncertainty

12:28

by trying to optimize each choice.

12:30

Productive people deliberate to a

12:32

point but prioritize action. But how

12:34

do you create this momentum in the

12:36

first place? Start with small achievable

12:39

goals. Break down larger projects into

12:41

manageable tasks and celebrate your

12:43

progress along the way. Eliminate

12:45

distractions and create a

12:48

dedicated workspace to maximize

12:50

your focus. Remember, consistency

12:52

is key. Even small steps forward each

12:54

day will compound over time and

12:56

propel you towards your goal. Don't

12:58

get discouraged by setbacks. View

13:00

them as learning opportunities and keep

13:03

moving forward. The more you act, the

13:05

more momentum you build, and the more

13:07

that momentum will carry you. Thank

13:11

you, Grant. All right, everyone. You can get

13:13

a copy of inner entrepreneur wherever you get

13:15

your books. That's our show for the day.

13:18

If you got something out of it, please

13:20

leave a rating or review in your podcast

13:22

player so others can find it too. And

13:24

stay tuned to the next big idea daily

13:26

because we've got a full week of great

13:28

insights from the best new nonfiction. I'm Michael

13:31

Kovna. See you tomorrow.