From having a ‘JOB’ to running multiple businesses: the power of coaching to create freedom: David Braithwaite Part 1/2

From having a ‘JOB’ to running multiple businesses: David Braithwaite on the power of coaching to create freedom

In this episode of the Sparks by Ignium Podcast, Phil Rose talks to David Braithwaite from Strategic Coach about his experience and advice to entrepreneurs in helping them find the balance they are looking for in their lives. Amongst some of the things discussed he provides valuable insights into the complexities of entrepreneurship and the pursuit of a balanced, fulfilling life. What more could we want!

Summary:

The summary from Read.ad said ‘the speakers shared insights into their approaches to coaching, sales, and entrepreneurship, highlighting the importance of effective communication, delegation, and self-motivation. They also discussed the significance of prioritising personal time and family over work, and the need for freedom in various aspects of life.’ I wonder what more needs to be said! But just in case you need more, here’s my take…

The conversation delved into the challenges and rewards of business ownership, reflecting on the importance of taking risks and learning from past experiences. Phil and David shared personal stories and reflections on the impact of being present for family moments, highlighting the need to avoid prioritizing work over family. They also discussed the significance of retirement and finding purpose in later life, emphasizing the value of doing what one loves and staying active in later years.

David shared his insights into the Strategic Coach program and how it has contributed to his success in achieving his goals. Some of the key take aways for listeners include: 

·         the importance of setting and tracking goals,

·         the impact of accountability and self-discipline on overall fulfilment and progress. 

 
(Some of) The main points for listeners:

David's Journey to Entrepreneurship

David Braithwaite shares his journey from a young age, where he worked multiple jobs to earn money and gain independence. He explains how his desire to provide honest advice to people led him to transition into financial services, seeking the freedom to guide others based on his own knowledge and experiences, rather than being restricted by representing a specific bank.

Running Your Own Business

David and Phil share their experiences and insights about the entrepreneurial journey, emphasizing the need for self-motivation and the realization that success is self-driven. They discuss the differences between being employed and self-employed, highlighting the challenges and rewards of running their own businesses. Additionally, they explore the concept of becoming ‘unemployable’ after being self-employed for an extended period.

Prioritising Life and Business

The need to prioritise personal time and family over work, emphasizing the limited nature of time. They share their experiences in setting up their own businesses and the challenges they encountered in achieving a work-life balance.

Key words to listen for: Freedom of time, money, relationships, and purpose

Reflections on Priorities and Realizations

David shares a personal anecdote about feeling disconnected from his father during a game of golf due to work distractions, leading to a realization about the importance of being present in the moment. He also reflects on his past mindset of prioritizing pension contributions as an escape plan, and the subsequent realization that he was wishing his life away.

Reflections on Business and Work-Life Balance

Phil shares his emotional reaction to his parents' experience running a business and the sacrifices they made for work. He reflects on the need to find ways to make the business self-managing to achieve a better work-life balance. David discusses his successful hires of a COO and a PA, emphasizing the importance of delegating tasks to focus on one's unique abilities for a more fulfilling work-life balance.

Key words to listen for: Importance of Delegation

Introduction to Strategic Coach

Phil and David both share their personal journeys into joining Strategic Coach, highlighting the program's benefits and the diverse backgrounds of its participants. They emphasize the importance of pausing to reflect on business growth and the value of being coached by fellow business owners.

Key words to listen for: Strategic Coach Program

Overcoming Imposter Syndrome and Taking Risks

David shares his experience of feeling like an imposter in certain situations and how they overcame those feelings. They also discuss the significance of being surrounded by supportive individuals and the impact of taking risks in business. Additionally, they highlight the importance of hiring the right people to propel business growth.

Key words to listen for: Taking Risks

Business Ownership and Freedom

Personal experiences and insights into how their businesses have impacted their lives. The discussion also delves into the influence of strategic coaching on their entrepreneurial journeys.

Prioritizing Family and Work-Life Balance

David’s personal anecdotes and reflections on the significance of prioritizing family and maintaining a healthy work-life balance. They discuss the impact of being present for family moments and the importance of being honest with clients about family commitments, emphasizing the value of aligning personal values with business decisions and the need to focus on what is truly important in life.

Retirement and Finding Purpose

Let’s talk about individuals who have found purpose and fulfilment in their retirement years. They emphasize the value of doing what one loves, whether paid or unpaid, and discuss the idea of retiring to something rather than from something. The conversation also touches on the importance of maintaining engagement and well-being in later life.

Longevity and Well-being

David Braithwaite shares anecdotes about individuals who defied medical predictions and attributes their longevity to a positive mindset. He advocates for expanding one's social circle, engaging in volunteer work, and making small, sustainable changes to improve health and well-being. Phil Rose adds to the discussion by drawing parallels between maintaining physical fitness and tracking business performance.

Key words to listen for: Retirement and Longevity

The Power of Writing Down Goals

David and Phil discuss the significance of writing down goals and the positive impact it has had on their lives. They highlight the use of the pocket coach as a tool for tracking goals and maintaining accountability. Additionally, Phil shares his positive experience with the Strategic Coach program and its role in helping individuals stay on track with their goals.

Key words to listen for: Holding oneself accountable, creating a plan for life and business, Building habits for personal growth
 

Key Questions for listeners to consider:

* How does one man run four businesses and balance family life? And how can you do the same?

* What does freedom of time, money, relationships, and purpose mean to me?

* What is the significance of unique ability in business success?

* How does the Strategic Coach program help business owners walk the talk and implement the tools and strategies they learn?

* What are the implications of expanding versus contracting in life?

* How do you plan for retirement and longevity?

* How can I create a plan for where I want to be in life and business?

* How can I build habits to become better 1% every day?

About David

Most people David speaks to feel guilty that they’re not taking more interest in their personal finances, invariably because they either don’t have the time, or they’re intimidated by the jargon-packed confusing mess and cost. David’s passion is to make financial advice understandable. To explain complex matters in ways that make sense and are relevant. He believes in empowering people through knowledge and giving everyone the service and the skills to be able to approach their finances with confidence.
This is why he’s often in the media: he loves to demystify money. He guests regularly on live national TV and radio and has written for national magazines and newspapers like The Independent and The Daily Telegraph. He has also spoken at numerous conferences both here and overseas in countries such as Australia, USA, Canada and Ireland.
 
However, his clients always come first. With more than 25 years’ experience in financial planning, from a background in financial services within a stockbroking and banking environment, he uses all this accumulated expertise to serve his clients. He is qualified to diploma level, and holds the qualification in advanced pension planning.
 
He also has other business interests under the Citrus brand which include healthcare, conveyancing and accountancy.
 
Quite simply, he loves what he does.
 
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Key points in this episode:
 
1.    Importance of Self-Motivation: Both David and Phil emphasize the need for self-motivation in entrepreneurship, highlighting that success is self-driven.
2.    Prioritizing Personal Time and Family Over Work: They stress the importance of prioritizing personal time and family over work, acknowledging the limited nature of time and the need for balance.
3.    Setting and Tracking Goals: David emphasizes the importance of setting and tracking goals for personal and professional growth.
4.    Accountability and Self-Discipline: Both speakers discuss the impact of accountability and self-discipline on overall fulfilment and progress.
5.    The Concept of Becoming 'Unemployable': They explore the idea of becoming 'unemployable' after being self-employed for a significant period, highlighting the mindset shift required in entrepreneurship.
6.    Importance of Delegation: Phil discusses the importance of delegation in achieving a better work-life balance, emphasizing the need to focus on one's unique abilities.
7.    Introduction to Strategic Coach Program: Both speakers share their experiences with the Strategic Coach program, highlighting its benefits and the value of being coached by fellow business owners.
8.    Overcoming Imposter Syndrome and Taking Risks: David shares his experience of overcoming imposter syndrome and the significance of taking risks in business.
9.    Prioritizing Family and Work-Life Balance: They discuss the impact of prioritizing family and maintaining a healthy work-life balance, emphasizing the need to align personal values with business decisions.
10. Retirement and Finding Purpose: The conversation touches on the importance of finding purpose in retirement and doing what one loves, emphasizing engagement and well-being in later life.
 
Books mentioned in the episode:
 
"Never Split the Difference" by Chris Voss

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