Be Ok with Failure Because It Happens with Ace Lane

Welcome to this episode of the Million Dollar Mastermind. I'm Larry Weidell and let's get started. I'm back with Ace Lane, and hopefully when you come to Aspen, you'll get down to Willits and take a tour of his new development down there. It will inspire you to greatness. And, you know, you don't know this Ace, but I know a lot of motivated, gung ho people down in that area. And that's the place they say they want to be living once you get further along and you start getting things finished. And so you've attracted the attention and energy of. Of it's just going to be a powder keg location to live in. And that has to do with you. And so welcome back.

Thank you for that awesome introduction and appreciate it.

You know, when you talk about character, what does that really. What you know, that's, you know, that's like a boy scout pledge type thing is one of the search terms. What does it mean when you say character? You're looking at people. How do you evaluate people on the basis of character?

Well, a big one for me is if they have a sense of honor, if they're honorable in their dealings with how they have. How they live their life, how they. How what that looks like. So I feel like if people are honorable, that's a, to me, that's a giant part of character.

When you get to know people. What's a giveaway for you on are they in or out on that subject?

Maybe That's a great question. You know, that's kind of a field question. So I got to put that into words. Yeah, well.

Well, I did say we're going to talk about things you don't ordinarily talk about.

Right, right. So putting on honor.

By the way, Ace, that's the value of these things is because people need to know. Because you do know what you're talking about when you say character. And any insight or light you can shed on that where other people can pick up, because a lot of people are easily conned. And if they're successful, they'll rise up into bigger and bigger positions of responsibility where if they get conned by somebody, the damage can be a whole lot bigger than if it's just themselves. And so these are things you need to develop your radar for and be on the lookout for and notice. Don't just kind of tippy toe through life and take everything at surface values, like look beneath the surface. And I think that's what you're talking about now.

Oh, yeah, no, I Am. So I guess I try to, as much as I can, get a feel for, you know, is this individual, what, in our interview or how we get. So I should back up a little bit. So when I interview people for bigger positions in my little company, it's not like a one hour organized interview. It's like, okay, we're going to Moab for three days and we're going to ride our mountain bikes and I'm going to watch how you interact with your kids. And if you have kids or with us or other teammates, what you notice about them, what makes you happy, what makes you smile at somebody, what makes you go like, oh, why'd they do that? So I try to take the interview process to a whole nother level and that process has worked really well for me. The one hour interview. A lot of people are very good at bringing in an awesome resume, and it probably is awesome, but it might not be what's going to work for how I operate. So that longer process I get to see more like, do they. If we're, if we're water sleeping, basically.

If you take them to Moab, you know, in either getting there or while you're there or while you're out, things are going to go wrong. And you get a chance to see how they behave and they react when things don't go exactly perfect. Would you say that's part of it?

Oh, absolutely. One guy, we took him up to the lab. This is a bummer, but he broke his arm. We had to hike out. Oh, no, five, five or six miles. And he was awesome about it, Just awesome. And he's got huge character and you know, so. And you know, I've been interviewing, we've been talking about working together for, for quite a while. And this is sort of the final process was spending three days in the Moab with he and his son and my boys. And yeah, you get to see a lot of some. Somebody, you know, do they help somebody up? How they act? Are they courageous and how they pursue things? Are they risk takers? There's just, there's so many things. Do they. Are they supportive of other people? Do they see the goodness in other people and celebrate that? Or are they trying to make you see all the greatness in them? So those are. Does that helpful?

Yeah, yeah, that's. Yeah, because you find, you know, you know, when you turn them upside down, you can see what comes out first, you know.

Yeah, right.

And one thing I've noticed, you know, this is just one of my perversities is I found that people cannot laugh at themselves. They're probably losers, and I don't care. You know what I'm saying? It's like there's something that's got the Laugh at Myself knob turned off. Yeah. And, you know, I've had people like, you know, in the business or whatever, nice people, you know, I'm not talking about not fun people, but, like, you know, you go and you get invited, and you. You wind up being at conventions together or eat dinner together and think, oh, you know, this is one of my friends. And then you actually spend some time with them, and it's like, you know, it's just not much fun spending time with that. Why is it. And then it comes on you. This guy never laughs, and he really never laughs at himself, right? And it's like, you know, it's like, you know what? I'm just not gonna. Not. It's not like I'm gonna avoid the guy because, you know, I'm probably being too harsh. But it's like part of being fun is being able to laugh. And first of all, laugh at yourself. You know, like the Apostle Paul in the New Testament says, the only thing I'm gonna boast about is my failings, you know, and, you know, that's pretty good, you know, because let's face it, we all have plenty of them. And if you're not gonna laugh at yourself, you're taking yourself a little bit too seriously and getting ready to stub your toe. In fact, I did a, like two or three podcasts ago. I was so fantastic. Unbelievable. This lady that I've known for years, but I didn't know really how great she was. And then I finished the. I finished the podcast with a flourish, which was me knocking over my full glass of water all over and drenching the desk and ruining my notes. A big spastic move for my finale, you know, and thank goodness I wasn't in front of a crowd. But, you know, the thing is, we're all capable of stupid ideas, stupid comments, and getting ourselves in stupid situations. But so what, you know, the thing is, what are you doing with the rest of your time? What do you do after that? You know, that's the whole thing. And so you, you know, you know, if we're talking about evaluating people, you know, like we had talked earlier and you had told me, you know, it's basically, it's not like what. It doesn't really matter. What were the formative events in a person's life, you know, when it comes to being in business with Them being in a startup, being a friend, it's like it doesn't really matter how severe or whatever they overcame or if they did have any big tragedies over what. What matters is who are they? Who are they now? How are they going to behave? Yeah, like people say, how do I overcome? Fear of failure is like, well, well, you want to win more than you want. You're more concerned about winning than you are about failing. And so that's basically what, you know. If you're more worried about failing, you're not going to get off the couch. If you are more concerned about winning, you're going to get off the couch and go start doing the things that will get you back winning. And people like us, we just can't tolerate losing. You know, I'm sorry, but, you know, I may be annoying, but I'm just not going to get beat. I'm just not, you know, somebody. I'm not going to let somebody else decide or some event or some situation decide that I'm out of the game now forever. And like you said, when you finally got the courage to get back on the field, even in high school, not even knowing if you ever could, first year was awful, but the second year was awesome. And that was an important lesson for you to learn early in your career too, don't you think?

Oh, yeah, no, I just, you know, the feeling of going into the locker room when things were horrible for, for me, I mean, on a variety of levels, and then to take the summer and think things through about how to do it better. But also the only thing I can come up with is to dig deep and to charge in a way that, you know, that I could demonstrate. Obviously I wasn't thinking about it like the way I am now. Look back on it anyway, you know.

And I think that I need to make this point to people listening right now is like, think about this. When you're around kids, they're not like little dumbbells. I mean, they're going through these things in their mind. You know, they want to be accepted, they need encouragement, they need perspective. The, the positive, encouraging attention from an adult who takes them seriously and gives them some positive direction can be life changing, especially if they're going through tough times, you know, to make sure that, you know, the youngsters don't get overwhelmed because, you know, let's, let's face it, suicide is one of the biggest killers of young people and they just lose hope. So if nothing else, Ace, we can be the ones who get them to laugh at themselves, give them some hope, tell them some success stories, point out things they're doing right, give them reasons to feel better about themselves because that may be something they hang on to, that allow them to make a better decision about their lives when they, you know, have run into some tough situations. And that's the thing that we want people to get out of this thing. Get the lessons. You know, it's like Nick Saban says, you know, don't get beat without getting the lesson. You know, don't get beat for nothing. You know, if you get beat, learn the lesson from that so you can make adjustments in your life and never get beaten on that particular thing ever again. Or make it highly unlikely that you'll fall, you know, make those same mistakes. And so that's the way you kind of build your own skill set and ability. And we call that experience. And experience is not always positive, but it's all adds up, up as long as you go. So thanks so much Ace. This been a whole lot of fun. I feel bad for keeping you so long and I thank you for being so generous with your time and hopefully I'll see you on the mountain skiing this year.

Yeah. Well, thank you for all your thoughtful comments and I certainly appreciate it. And being on your show, it means, it means a lot to me.

Hopefully we will check in down the road and be able to hear about some crazy new developments happening in the project, in some of your other startups and with your kids, you know, because your life is rolling right now and positive things are happening and in the process you're learning too. And so it's going to be fun to check back in with you down the road and hear about those things. So thanks so much, Ace.

Thank you. I look forward to it.

Thanks for listening to this episode of Million Dollar Mastermind with me, Larry Wydell. If I've helped you in any way, leave us a five star rating and review on Apple Podcasts. For for more information like this, listen to our other Million Dollar Mastermind episodes and check out my W Academy YouTube channel and visit us on wdlonwinning.com I'm the million Dollar Mastermind. And until next time, go, go, go.