L3 Leadership Podcast Episode #126: Lessons I’ve Learned from Starting and Running a Business

I was recently challenged by a friend to record a podcast lesson on the lessons I’ve learned from starting and running L3 Leadership. This lesson is a result of reflecting on that challenge. I hope that this podcast will encourage you and give you the confidence you need to launch a business, non-profit, or ministry that you’ve been afraid to start. If you are a business owner, I hope these lessons challenge and inspire you. Enjoy!

L3 Leadership Podcast Episode #126: Lessons I’ve Learned from Starting and Running a Business

L3 Leadership Podcast Episode #126- Lessons I’ve Learned from Starting and Running a Business


Start a Business because You Have to, Not Because you Want to 
Just Do It 

  • Some will, some won’t, so what? -Paul Matthews
  • Write on a piece of paper everything you’re afraid of and share it with someone who believes in you!
  • Pull the trigger – Put a date on the Calendar!
Determine if there is a Market for What You Have 
Never Stop Asking for Feedback
  • Join a Mastermind Group – Run everything by them
  • Have a Group of Advisors – run everything by them
Always be Adapting
Don’t Despise the Day of Small Beginnings – Your Value is not in the Results
  • Focus on the impact you are making instead of the impact you wish you were making!
  • Don’t worry about what you’re going to reap, worry about what you’re sowing!
Ignore the Critics and Haters 
If I would of listened to the naysayers, I would still be in the Austrian alps yodeling” -Arnold!
When you’re small,they ignore you. When you grow,they criticize you. When you succeed,they resent you. Keep focused on God! -Rick Warren
Have Fun, but then Decide if this is Just Going to be For Fun, or if it’s For Real 
Hustle, While Others are Sleeping or Watching Dancing with the Stars 
Do Something Everyday that Moves the Ball Forward
You need an Accountant, a Tax person, and an Attorney 
You Need To Grow in the Area of Running a Growing a Business 
Smart Passive Income Podcast with Pat Flynn
Entrepreneur On Fire by John Lee Dumas
Systems are Extremely Important 
Ask for Help as Fast as You Can
There are 6.1 Billion people who do not want to help you, go find the ones who do!
Surround Yourself with People who Compliment You
Prayer: God, send me eagles to help me grow!
Don’t be afraid of Making Money
You are the Chief Salesperson on Your Team 
You can have the best product in the world, but if nobody knows about it, it’s worthless! -Donald Trump
Don’t Quit, You Don’t Know what Things will Look like 1-5 Years From Now 
“We overestimate what we can do in one year, but underestimate what we can do in 5 years.” -Mark Batterson
You Have No Idea What’s in You 
Your Business can be a Blessing 
You never know what Your Business will set into Motion 
Jeff Leake once said this about legacy, “Our legacy shouldn’t just be determined by what we did, but by what we set into motion!”
  • Mastermind Groups – We have weekly webinars about Mastermind groups every Tuesday night from 9 p.m. – 9:30 p.m. .  E-mail Doug at dougsmith@l3leadership.org if you are interested.
  • To listen to other interviews, go to our L3Leadership Podcast page. To learn more about what we’re doing through L3 Leadership, sign-up for our e-mail newsletter here.


    babb inc and WellAdvised


    Babb, Inc. – Throughout our 80+ years in business, we have established a solid reputation as a leading, independent insurance broker, third party administrator and consulting firm – in Pennsylvania and across the country. With a unique perspective, extensive experience and innovative business strategies, we deliver to our clients the best services and options possible.


    black grunge logo
    Zero Six Eight – “Zero Six Eight collaborates with ex-convicts who demonstrate a drive for entrepreneurial achievement. By supporting the skills and interests of these entrepreneurs, we work to launch innovative products and services that would otherwise face considerable barriers.” To learn more about 068, go to http://www.zerosixeight.org/.

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