202: Every Successful Entrepreneur's Common Path to Uncommon Success (John Lee Dumas Interview)

202: Every Successful Entrepreneur's Common Path to Uncommon Success (John Lee Dumas Interview)

Why are some entrepreneurs successful while many others fail?

Since creating one of the most popular business podcasts of all time, Entrepreneurs on Fire, John Lee Dumas has interviewed more than 3,000 entrepreneurs and taken the time to decipher what has made them successful, culminating in the publication of his first book "The Common Path to Uncommon Success: A Roadmap to Financial Freedom and Fulfillment".

John shares some of his findings with us and teaches us the steps we need to take to find whatever uncommon success we are looking for.

Key Highlights

[01:26] Introduction of Podcast Guest, John Lee Dumas

[05:47] What is Entrepreneur on Fire?

[08:17] Why Some Entrepreneurs Succeed And Some Fail?

[11:50] The Importance of Niching Down

[14:15] The Next Steps To Being A Successful Entrepreneur

[16:16] 17 Chronological Steps Roadmap to Financial Payments

[19:14] John's Favorite Step to Financial Payments

[22:05] The End Goal

[27:16] What Is The Common Path?

[29:25] How John Lee Came About Writing His Book

[35:59] Connect With John Lee

Notable Quotes

  • One thing they've all had in common is they have been able to provide the best solution to a real problem that exists in this world, all the entrepreneurs that I've seen, fail struggle never quite have it click or the number two solution to a real problem, or the number 10 solution to a real problem, or the number one solution to not that big of a deal of a problem. And that's why they're failing. 
  • And so if you are not willing to identify a big idea that you can have in this world, and then take the next step, which is the critical step, which is to discover the niche, uncover the void to find the problem that's not being solved within that big idea, or this being solved very poorly that you can immediately solve better and become the best solution to that problem. You are going to struggle.
  • Look around. And often you'll get inspired by things around you and new ideas. And some of those ideas may help your current business, some of them may propel a new business.
  • You have to know who your perfect customer is. Your perfect avatar is from day one, even pre-launch.
  • At the core of who we are as human beings, we truly want three things. We want to be able to wake up every morning and do what we want to do when we want to do it with whom we want to do it. If you are honestly waking up in the morning, and you're able to say I'm doing what I want to do today, where I want to do it, with whom I want to do it with what else what else is there? I mean, that is what you want to be doing where you want to be doing with whom you want to be doing it with like that is massive success. That is freedom.
  • And that's when I realized that building the career was not the end goal here, right? It was happiness with the people I loved. But it was also being able to make the choice to spend time watching my kids grow up. And that is what has fueled me.

    John Lee Dumas Links
  • Book: https://uncommonsuccessbook.com/
  • Entrepreneurs on Fire: http://eofire.com/

Neal Schaffer Links