#075 Flywheel Masterclass, Flying Planes, and Building For Creators with Nathan Barry of Convertkit

Smart Friends

Topics:

(00:00:00) - Intro

(00:05:10) - The decision to live in Idaho

(00:08:21) - Nathan’s flying hobby

(00:15:09) - Building Flywheels

(00:46:07) - Incentive compensation and giving people ownership

(01:06:39) - Inflection points in building ConverKit

(01:14:16) - How to work on a ton of things

(01:23:15) - What are the rules of thumb you use the most in life?

Links:

Nathan Barry on X

ConvertKit

Nathan’s website

Elon Musk by Walter Isaacson

Good to Great by Jim Collins

Small Giants by Bo Burlingham

To support the costs of producing this podcast:

>> Buy a copy of the Navalmanack: www.navalmanack.com/

>> Buy a copy of The Anthology of Balaji: https://balajianthology.com/

>> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage

>> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun

>> Join the free weekly email list at ejorgenson.com/newsletter

>> Text the podcast to a friend

>> Or at least give the podcast a positive review to help us reach new listeners!

Important quotes from Nathan Barry on building audience, wealth, and startups:

"If I look back at all the good things that have happened in my career in the last 3 years, they all come from writing. One little habit of writing 1,000 words a day revolutionized my career."

— Nathan Barry

"ATTENTION IS THE MOST VALUABLE RESOURCE"

— Nathan Barry

"When you start writing you don’t have to worry about crafting perfect prose. Instead you just need to focus on teaching useful skills."

— Nathan Barry

Making money is a skill—like playing the drums or piano—that you can get better at over time.

I wouldn’t expect to be able to sit down at a piano for the first time and play a concerto. The same is true for making money.

This is why most first companies fail.

— Nathan Barry, Ladders of Wealth Creation