Tyler WagnerFounder, Authorsunite.com · Authorsunite.com and Partnerprofits.io Founder - #1 WSJ Bestselling Author - Book Publisher - Book Marketer - 4,000+ Authors Served - Millions Of Books Sold By Clients - Investor

Jeremy Harbour: Sell Businesses Often | | The Authors Unite Show #946

Name: Jeremy Harbour: Sell Businesses Often | | The Authors Unite Show #946
Uploaded: 2020-11-02T15:54:40+00:00
Duration: 59 s
Channel: Tyler Wagner
Description: In this segment of The Authors Unite Show, host Tyler Wagner and guest Jeremy Harbour reflect on the books that shaped their entrepreneurial mindsets…

2 Nov 2020 · 1 min

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In this segment of The Authors Unite Show, host Tyler Wagner and guest Jeremy Harbour reflect on the books that shaped their entrepreneurial mindsets. Wagner recounts reading Tim Ferriss's The 4‑Hour Workweek at age 20, highlighting the book’s worst‑case‑scenario exercise that helped him mentally prepare for dropping out of school, ultimately seeing the worst outcome as simply returning to his parents’ house with a pool—thereby reducing perceived risk. Harbour shares that his formative business reading was Michael Gerber’s The E‑Myth, which influenced him during his mid‑teens. He notes that he encountered The 4‑Hour Workweek later, around the time he sold his first company in 2006‑2007, aligning with the book’s 2007 publication. The dialogue underscores how these seminal works provided frameworks for risk assessment, business planning, and the confidence to pursue entrepreneurship at a young age.

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I remember learning this. I read The 4-Hour Workweek when I was 20 years old, and that's what really like allowed me to mentally be able to drop out of school. And one of the things he talks about is like worst-case scenario, right? And our imaginations go way further than like what it really is. And like, so my worst case was just like dropping out. What if I fail? Like all And then I realized I was like, worst case scenario, I end up back at my parents' house with a nice pool in the backyard. Like, it's really not that bad. Like, yeah. And if you, you know, when you really think about that, it kind of alleviates the risk that you feel that you're taking because it's not as big as you think it is. Yeah. No, it's interesting.
No, it's interesting that that book came into my life as well, but much later on. So I mean, I'm a bit older than you, I think. So definitely. In my day, it was The E-Myth was the big transformational book.
Oh, yeah.
Great book as well. Yeah, really took me forward when I was probably like 16, 17. And I think 4-Hour Workweek probably came on a little bit after I just sold my first company. It was about 2006 or something. It'd be interesting to see when The 4-Hour Workweek came out because it was somewhere around that period.
Yeah, that would make sense. Yeah. Because 2010 was when I read it.
And the thing I really took away from it, you know, this mini retirements thing he talks about. Well, I just sold a company and I had a mini capital event, I guess. That really got me thinking into how instead of the traditional focus of build a business to a huge size and sell it for a gazillion dollars, why not just sell businesses often for a few hundred thousand or a million and a bit dollars, and actually transform your lifestyle with that money, deploy that into passive income that has a massive impact on your lifestyle. As entrepreneurs, you live hand to mouth, and you can live hand to mouth for 10 years, 20 years, 30 years if you're not careful, whereas you can create capital events every year or every couple of years that would have a transformational impact on your lifestyle and take you further. That was a moment where I pivoted to that model, was after reading that book.