Don't Retire, Refire Podcast

This episode explores why people have a desire to become an entrepreneur later in life and what some of the steps might be to get started on exploring that path. Rick's story is surprisingly similar to mine, in that he comes out of college (university), didn't really know what he wanted to do and ended up in Wealth Management, and then some 26-year latter owns a wealth management business, and a business advisory business.  However, that latter being Epic Business Advisory is far more developed in his case. What's interesting is the motivation to start this second business, which was as Rick calls it a "faceplant" moment, in which a lady approach him for help some 6 years ago, he was able to support her around the wealth management aspects but had no experience or network to help her with the late husband's business.  The complexities of liquidity, supporting her income, management, family member involvement, how to exit it, etc, were all beyond his own capability or that of his network. That painful experience was a call to action to pivot and learn about exit planning and value building for businesses.  In my case, this "faceplant" moment happened with my parents and their once successful business that turned into a  failure - despite the involvement of their bank and accountant. Love Rick's advice about enjoying life's ride! Rick can be contacted at https://www.epicsbiz.com/

In this episode, Paul shares how he grew his Dingo Software company from a small consulting firm to substantial business using his entrepreneurial skills. However, along this path, he found that he was spending more and more of his time in managerial functions, which was not why he got into business in the first place. Through personal reflection and guiding direction from his business board, he decided that he was not the best person to be the CEO going forward. Paul discusses the personal identity crisis that can occur with such a decision and the importance of having a plan for the next stage of our personal journey. This podcast again highlights the importance of purpose, culture and “lived values”, examples of which should be highlighted on a regular basis. Love Pauls parting words of wisdom, that the real juice of life occurs when we achieve things with other people. Paul can be contacted at phiggins@dingo.com [phiggins@dingo.com]

Having been diagnosed as a dyslexic at a young age, Tim found learning hard.  However, he had the good fortune to do a carpenter apprenticeship with a 65-year-old mentor who encouraged him to think in pictures.  This was a turning point in Tim's life. In fact, this skill of picturing has been proven to dramatically increase one's ability to learn and comprehend at levels unheard of in the past.  Organisations such as Lindamood-Bell have taken this learning process globally. In order to form pictures, the brain simplifies the message down to the essence, thus allowing you to see relationships that could not be seen before.   Tim used this newfound skill to complete a degree at university and now heads up a very successful specialist construction company. In this episode, Tim shares his wisdom about life, learning and growing as a team where curiosity, collaboration and human ingenuity comes to the forefront.  His advice is to view dyslexia as a sign of genius. Tim then goes onto share his thoughts about how elders could be valued and do social good as mentors in the future. ReFired Elders! Tim can be contacted at www.erilyan.com.au [http://www.erilyan.com.au]

Alf first learned about ACT (acceptance and commitment therapy) from a neighbor of his, who was part of the SOG (special operations group - police). They are the equivalent of military SAS/commando unit, but in the civilian jurisdiction. They are deployed into dangers environments often associated with Bicki gangs, terrorism and rouge snippers - think the Port Arthur massacre. As you can imagine, SOG members are often deployed into fearful situations, where how well they manage that fear greatly affects their ability to perform well. He spoke glowingly about its impact, which stimulated more research on Alf's behalf. ACT is now being applied with great validated success by the military, business, athletics, religion and medically. In this podcast Steven Hayes - the founder of ACT talk about its various applications and practical insights from his latest book "A Liberated Mind".  Also discussed are ways out of the CEO/Executive/professional identity trap - "if you are, what you do, then when you don’t do that anymore, who are you?" A great listen for those in transition. Steven can be contacted at https://stevenchayes.com/ [https://stevenchayes.com/]

In this episode Wes outlines his experience as an executive in a public company.  Alf has known clients in similar positions who describe a culture of peer competition and combatants. Climbing the corporate ladder is more about not making mistakes, not taking risks, looking good, agreeing with leadership and taking credit for any progress that is made by your team. This common Australian corporate culture is often called "toxic" by business consultants.  A natural consequence of this competitive environment is little innovation, lack of flexibility and suboptimal behaviour as evidence by the recent Royal commissions. Wes then goes on to talk about a far more cooperative and supportive culture which he first experienced in relationship to work in the USA. At first these experiences of support and help can be seen as having an altera motive, almost suspicious! However time has proven this to not have been the case. This environment is naturally more interesting, stimulating and innovative.  You don’t have to look good all the time, and it’s ok to take risks and learn from both successes and failures. In fact this is the culture that Wes now talks about in his new company "Tomorrow super". Both Wes and Alf then postulate that a mindset of cooperation, rather than competition, could be a significant advantage to the unforeseen opportunities and challenges of the future. Wes can be contacted at www.tommorowsuper.com.au [http://www.tommorowsuper.com.au/]