#48 - The TRUTH about Entrepreneurship & Why Most Businesses FAIL - Anthony O'Brien, Managing Director of Profici

Show Notes

In this episode, entrepreneur Anthony O'Brien shares his experiences and challenges in building a successful business. He discusses the importance of surrounding yourself with a strong team, the concept of a fractional C-suite, and the struggles of managing cash flow and staff. He also talks about his personal motivations, the impact of ADHD on entrepreneurs, and the need for adaptability in business. Key takeaways include the value of hiring people better than oneself, the significance of failure as a learning tool, and balancing personal life with business demands.

01:31 The Concept of Fractional C-Suite

06:30 Delegation and Building The Perfect Team

08:23 ADHD and Entrepreneurship

16:14 “The Hardest Year Of My Life”

20:02 Common Issues in Growing Businesses

32:49 Revenue vs. Profit: The Age-Old Debate

33:39 The Entrepreneur's Ego and Revenue Obsession

36:40 Challenges of the Current Year

37:52 Adapting to Change: Pivot or Perish

39:04 The Role of Luck in Business Success

41:09 Balancing Business and Personal Life

52:01 The Fear of Failure as a Motivator