The Bold Money Revolution

5 Lessons I Learned From My Dad

Tara Newman Episode 292

This is part one of what I would consider an essential two-part podcast that has an exercise that I want you to do, especially if you have a family-owned business and are considering working with me at some point.

This will be a task I give you when working with me. It is simple, powerful, and incredibly frustrating for some people. Listen to the end of this podcast, where I will give you part one of the exercise.

This exercise is about really looking at your mentor or your parents, if this is a family-owned business, or even if you were raised by a small business owner, and now you own a different small business, which is about 48.1%. 48.1% of entrepreneurs said they grew up in a family business.

Now, that is a statistic from 2009, and I searched and searched and searched to see if I could find a regular, I mean, a more updated statistic. Unfortunately, I couldn't, so we're going to roll with that 48% of small business owners were raised by small business owners. That is me raising my hand.

So whether you are currently still working with family, whether you have bought or inherited a business from your family, or whether you're in that 48% like me, you have picked up plenty of beliefs, mindsets, perspectives, whatever you want to call them, from family that you bring into your business every single day. Some of them serve us. Others, not so much. Sometimes they can even be downright toxic.


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