SG Podcast Episode 5: From Corporate Life to Entrepreneur with Simon Barry

About Simon Barry:

Simon started out spending 20 years in the corporate world. He did well, but he wasn’t fulfilled. After quitting his job, he became an entrepreneur. Simon is also a podcaster and consultant. He is an international speaker, and he specializes in helping companies scale.

Key Takeaways:

1. Corporate Life vs. Entrepreneurial Life

Corporate life has a lot of structure and procedures. Entrepreneurs have to make up the rule book, you are responsible. You have to make sure there is a structure around you, ideally. 

You have a reliable paycheck with corporate life. When you are an entrepreneur, you don’t have that. Sometimes paying yourself comes last. Consider all of your options carefully, and have a financial plan.

2. Take Care of Yourself

Look after yourself and your mental health. Make sure you have food on the table. 

If you’re not at your best, you can’t give your company the best shot it can be.

Working 18-20 hours is not sustainable, and the quality of work begins to go down.

Take a deep breath and step back. When you come back to problems and issues after rest, things start to come into perspective a lot better. 

You have to be smart about what you do, not necessarily just working and burning yourself out.

Schedule time off for yourself. The time you have away from your business might be more important than the time you spend on your business. 

Favourite Quotes:

  1. “Never be afraid to try something. The trick is trying because I think we often get ourselves wrapped up in our corporate world. We just dream and we think ‘what if?’”

  2. “Do not do it alone… Make sure you have a mentor or a guide or someone you can talk to. If you are trying to internalize a lot of these things, you can be sent down a path where you can make assumptions that are not applicable to you and your space.”

  3. “Change your networking. If you hang around with the same people, statistically you will end up earning around the same kind of money. If you want to have a dream where you want to go and do something big as an entrepreneur, then you need to change who you hang around with.”

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