082: Tim Meuchel on Rekindling Your Fire – How Entrepreneurs Can Get Back in the Game

Rekindling your fire is easier said than done.

What happens when you go through something that devestates you personally, and impacts your family, your employees and your business?

Your customer might see a nice storefront but your business’s back of house is a mess. What is truly going on behind the scenes during these tough times.

Tim Meuchel – The 10 Factor

And how can entrepreneurs rekindle their fire and get back in the game.

Here’s How to Get Started:

  • Allow yourself to be vulnerable
  • Slow down… and focus on what really matters
  • Start simple and build back up from there
  • Don’t chase the quick buck
  • Reassess your why and go deep. Why are you really doing this?
  • Remind yourself what are you good at
  • And what you enjoy doing
  • Align these with what can you make money doing
  • Do the routine stuff consistently
  • Make adjustments understanding your playing field is probably going to be different than it was before
  • Build your business always working towards your ideal lifestyle
  • Surround yourself with A players
  • Don’t skip the me time
  • Channel your negative emotions into gratitude

And always remember that somebody else is praying to have what you are dreading… what you just went through… This is a huge paradigm shift to pull the positivity out of your negative.

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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.