043: Tim Meuchel on Including Family in Your Business

Including Family in Business

What do you think about including Family in Business instead of separating business and life?

Including Family in Business

Including Family in Your Business

Over the years I’ve heard so many times that you have to separate business and life. Maybe that works in the corporate world but in the world of an entrepreneur you’ll have a hard time selling me that strategy makes sense or is even possible.
It’s nothing for my nine year old to hand me a true business question or a business tip right before bedtime or on the way to school. She’s put her thoughts into books, into pictures, and into normal conversation.
Sometimes I wonder why but when I think about it business is just part of life. My kids have been in the car with me while I’m on important calls. They’ve been hanging out in the basement while I record podcast episodes or am interviewed. We’ve sat side by side in a coffee shop to do homework and my work simultaneously.

In this episode I’ll share 11 tips to improve your lifestyle by making family part of your business.

In this episode of The 10 Factor find out:

  1. How to share your wins
  2. Why it’s important to share your losses & failures
  3. What using real life stories can add
  4. The value of asking questions
  5. Why teaching respect is so important
  6. How to make it about them too
  7. The necessity of commitment and hard work

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Tim Meuchel
 

Tim Meuchel is the bestselling author and podcast host of The 10 Factor: From Struggling to Thriving Business in 10 Months. Like many successful entrepreneurs, Tim failed his way to success. He gave up $334,200 in 2008 after resigning from a twelve-year corporate management career to pursue his side business full-time. The business quickly grew 8X and within four months Tim's wife quit her job as well. Several years later a bad business deal left Tim's company almost bankrupt. Tapping into emergency funds, he fought back and restructured the business; resulting in a new profit producing model requiring less than 40% effort. Seeing an opportunity to give back and help other struggling entrepreneurs Tim reverse engineered his process, validated it with top entrepreneurs, and created a ten-month roadmap - The 10 Factor.