Apr 27, 2023
The New Wave Podcast: Daily Conversations On
Web3.0, Business, Psychology, Psychedelics & More. A Show For
People Seeking Spiritual, Psychological And Financial Sovereignty.
Hosted By Best-Selling Author, Speaker and Entrepreneur Daniel
DiPiazza.
Learn how to achieve financial freedom without sacrificing what
matters most, written by a father who runs two successful
seven-figure businesses in 20 hours a week with plenty of time for
family, friends and leisure.
In episode 296, Daniel and Steve discuss the ins and outs of
running an e-com business in such a way so that it doesn’t consume
your whole life. A 15+ veteran of the space, Steve shares with us
his processes and philosophy behind running a successful product
service online.
We also discuss Steve’s upcoming book on the same topic called
The Family
First Entrepreneur
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⌛Timestamps⌛
(08:07) Steve is in the e-com game since before 2010
(9:18) Steve runs an e-commerce conference called Sellers
Summit
(10:51) Steve's business made a huge leap in a matter of days, but
this can sometimes SUCK
(11:52) Steve's thinking behind being a "Family First
Entrepreneur"
(12:13) Sometimes the reason we start our business in the first
place gets lost in the process
(15:32) Are many successful people miserable behind-the-scenes?
(17:20) If you attain something too fast, without discipline, you
might end up not respecting it
(18:53) Steve has a bone to pick with "passion" Passions come
an go; purpose is what really matters
(20:22) Often when yo ucharge money for doing things you love you
will begin to hate them
(21:12) To be a success at business, you don't have to be
particularly in love with your offer
(23:11) Don't worry about people stealing your idea, worry about
the execution
(26:57) Have an ascension plan - know how you're going to become
profitable
(28:01) Customer acquisition is important, but people forget to
focus on repeat business
(30:16) Online education and the birth of A.I.
Steve is building an A.I. powered bot of himself
(31:41) Steve is also looking into hiring android for his
warehouse
(34:10) Steve highlights some the processes behind his businesses,
which are very efficient
(35:30) Steve cautions against having your Ego get out of
control
(42:49) Is hustle culture dying out? Steve thinks it's making
a come-back due to the recession!
(44:41) Revenue is one thing, but if your goal is to run a
family-first business, it's all about profit
(47:20) Would it be possible to run a public company and still have
time for your family?
(49:46) One of the keys to success is consistency: it's not easy to
keep at something for 15+ years
(51:50) Check out www.thefamilyfirstentrepreneur.com
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📕 The True Artifact 33 Lessons on Creativity, Purpose, Life and
Love https://www.thetrueartifact.com/
| OUT NOW!
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🌎 Connect with Steve Chou 🌎
👉LinkedIN
👉Instagram
👉My
Wife Quit Her Job Podcast
👉Website: https://thefamilyfirstentrepreneur.com/
👉Website: https://mywifequitherjob.com/
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🌊 Connect with Daniel 🌊
Access free guides and get early notifications on exclusive
drops:
http://www.NewWaveEntrepreneur.com
YouTube: https://www.youtube.com/danieldipiazzatv
Tik Tok: https://www.tiktok.com/@danieldipiazza
IG: https://www.instagram.com/danieldipiazza/
Twitter: https://twitter.com/Rich20Something
My VIP group via SMS (for exclusive drops): https://superphone.io/f/11kmu1ar
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💡Review and subscribe! 💡
Like this show? Please leave a review
here. Even one sentence helps! Consider leaving your Twitter
handle so we can thank you personally!
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🎤 Want your question featured on one of our weekly Q&A
episodes? 🎤
Email me at Daniel@NewWaveEntrepreneur.com.
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❗Disclaimers ❗
None of the contents of this show should be taken as
financial or legal advice. The New Wave Entrepreneur is educational
and entertainment content only. Remember: always DYOR!
Podcast production by EZ Podcasting