#71 - "Building Your Empire While Raising a Family & The Fallacy of "Balance""

The Wealthy Consultant Talks Podcast

In this episode of the TWC Talks podcast, host Mike Walker, delves into the challenges of building a business while raising a family. Addressing parents who are entrepreneurs, CEOs, or managers, Mike discusses the importance of self-awareness, the concept of the fallacy of balance, and prioritizing personal and family life alongside professional goals.

He emphasizes preparing for challenging work periods, designing lifestyle models before business models, and the significance of community support for entrepreneurial parents. Mike also offers a glimpse into upcoming events aimed at helping parents build successful businesses without sacrificing family life.

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OVERVIEW:

(00:00) Introduction to TWC Talks Podcast

(00:57) Balancing Business and Family

(02:18) Understanding Yourself as a Parent and Entrepreneur

(05:24) The Fallacy of Balance

(07:47) Preparing for Challenging Times

(09:20) Designing a Lifestyle Model vs a Business Model

(10:51) Legacy Building

(11:53) The Need for Community as Parents

(14:02) Upcoming Events