E139: Living Slim and Doing the Right Thing with Wally Conway

Entrepreneurs Circle

This episode was recorded at an exclusive event called PodMAX where founders had an opportunity to share their stories and knowledge.

Special guest host Hoan Thai leads the conversation down a path of insights, solutions, and collaboration.

Join us for our next event at www.podmax.co

Wally Conway has a laundry list of achievements. He has been featured as an expert on HGTV. He co-hosted the DIY Network series, Finders-Fixers. He's the host of the Home and Garden Show as well as the SOLD in St Augustine on WSOS. He is also the founder of Monument Commercial Building Inspections as well as HomePro Inspections. Wally has a whole host of other achievements. He is a U.S. Naval Academy graduate, retired Navy pilot, licensed contractor, home inspector, energy auditor, media expert, and entrepreneur.

Here are some power takeaways from today’s conversation:

• What Wally is looking forward to in 2021 at 65 years old
  
• His entrepreneurial journey
  
• What to do when you want to transition into an entrepreneurial place
  
• The importance of showing curiosity as a show host
  
• The power of having a philanthropic mindset
  
• The entrepreneurial spirit
  

Episode Highlights:

When You’re Thinking of Transitioning to an Entrepreneurial Place

There are a lot of people who have an entrepreneurial fantasy because they see something. And if you feel the itch and you're seeking to transition to an entrepreneurial place, be frugal so you can invest in the business. If you're putting on this facade, rather than rolling frugal, that will slow, if not murder, the potential for the business. Therefore, live slim so you can continue your business.

When you live a simple and frugal life, and you’re living below your means, it's not so scary. It just feels better to be in a crisis and be focused on taking care of your staff or people around you rather than being worried about yourself. So there’s much lower pressure.

The Power of Having a Philanthropic Mindset

If you have the heart to give and you have a philanthropic mindset, whether you're giving a time or treasure or talent, there are things we can do to contribute. They can just be inordinately expensive. You can host events or do things that cost a very small amount of money.

What is the Entrepreneurial Spirit?

Take something from seemingly nothing and grow it into something or repurpose it in a different way. Then try to take that kind of mindset in other areas of your life to help other people.

People that don't treat other people well have difficulty retaining employees, they have difficulty finding people to partner with, and they have difficulty finding people to borrow when they need to borrow. The truth is – you just want to be around people that you can respect and enjoy.

Are You Doing Things Right?

If you're not having fun doing your thing, you're doing the wrong thing, or the thing wrong. In which part of your life do you choose to be miserable? When you can project in an honest sense that you're happy, and you're respectful, and you're appreciative, you tend to attract similar people, while miserable people can't stand to be around you and they go elsewhere.

Resources Mentioned:

Monument Commercial Building Inspections

HomePro Inspections

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