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How to Grow Despite Facing Uncertainty w/ Jason Feifer

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September 26, 2022

TLDR: Interview on GaryVee Audio Experience featuring Jason Feifer, Editor in Chief of Entrepreneur Magazine and author of 'Build for Tomorrow'. Discussion includes his career, new book, entrepreneur learning, upcoming events, and favorite parts.

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  • Emphasizing adaptability in business and personal lifeLearn to find opportunities for growth during change instead of focusing on losses, and adaptability is a skill that can be learned despite fear and insecurity.

    Jason's new book, "Build for Tomorrow," emphasizes the importance of adaptability in navigating the rapid changes in business and personal life. The author, who has interviewed many successful entrepreneurs, argues that instead of focusing on losses during change, we should find opportunities for growth. Fear and insecurity often hinder this mindset shift, but it's a skill that can be learned. Jason's book aims to teach this skill to others. A personal anecdote from Jason's career as a newspaper reporter illustrates the challenges of staying adaptable in a tough industry. This podcast episode offers valuable insights for listeners who may not read the book but want to learn about adaptability.

  • Defining oneself by identity and missionIdentify what you do best and value most, rather than by job title or output, for a stable sense of self during changes and challenges. Be practical and optimistic to achieve success.

    Having a clear sense of identity and mission can help us navigate through changes and challenges in life and work. The speaker shares her personal experience of identifying herself with the output of her work as a newspaper reporter and magazine editor, which left her feeling destabilized whenever change occurred. She learned from an entrepreneur, Greg, who had a mission statement that was core to him and gave him a sense of stability despite unpredictable changes. The speaker encourages everyone to define themselves by what they do best and what they value most, rather than by the output of their work or their job title. She also emphasizes the importance of practicality and optimism in achieving success. In her own words, she defines herself as a storyteller in her own voice and an operator with a practical and optimistic mindset.

  • Perspective towards success and failure in entrepreneurshipStay focused, don't let losses or judgment from others deter us, and understand that entrepreneurship involves hard work, risk-taking, and perseverance.

    Having a realistic perspective towards success and failure is crucial for entrepreneurs. The speaker emphasized the importance of not getting too high during the ups or too low during the downs. He used the example of sports, where losses are inevitable, to illustrate this concept. He also mentioned that judgment from others is a common challenge in entrepreneurship, but it's essential to stay focused and not let it deter us. Regarding his book, the speaker mentioned that the coolest moment for him was the first time he saw it in a bookstore and sold it to a stranger. He also shared that the most surprising thing he learned at higher levels of entrepreneurship was the importance of resilience and adaptability in the face of challenges. Finally, he noted that many people still miss the fact that entrepreneurship is not just about glamour and accolades but also involves hard work, risk-taking, and perseverance.

  • Entrepreneurs think vertically, not horizontallyEntrepreneurs consider every effort's future impact and remain open to new opportunities while sticking to a plan

    Entrepreneurs think differently than the rest of us. They don't just focus on the present or the next step, but rather, they consider how every effort contributes to future endeavors. This vertical thinking sets them apart and drives their constant growth. However, many people misunderstand this mindset and view sales and focused efforts as "dirty." The speaker, who has both a background in writing and entrepreneurship, encourages embracing a plan while remaining open to new opportunities and the freedom to abandon it if necessary. Limiting self-conceptions can lead to missing out on countless opportunities. So, in essence, entrepreneurs build not just for today, but for tomorrow.

  • Passionate about what you sell is crucial for successBelieve in the value of what you're selling and focus on delivering value to people, despite the challenges, for success.

    Believing in the value of what you're selling and being a good salesperson or marketer are not mutually exclusive. In fact, according to the speaker, being passionate about what you sell is crucial for success. He emphasizes that just because something is being sold doesn't mean it's bad. Instead, it's the responsibility of the creator to ensure that people know about and have access to it. The speaker also touches upon the misunderstanding between entrepreneurs and non-entrepreneurs, with the latter not fully understanding the responsibilities and challenges that come with entrepreneurship. He encourages everyone to focus on delivering value to people, no matter the circumstances, and that the challenges become part of the validation and satisfaction of the journey.

  • Embrace evolution and offer improvements, not replacementsEntrepreneurship is about providing value and adapting to new opportunities. Instead of positioning new ideas as replacements, offer improvements that complement the old, respecting people's attachment to the past.

    Entrepreneurship is not about being unique or starting a business, but rather about providing value and constantly evolving. The speakers emphasized that having an entrepreneurial mindset means setting goals, building things for oneself, and adapting to new opportunities. They also highlighted that people often resist new things and prefer better versions of the old. Instead of positioning new ideas as replacements, it's essential to understand and respect people's attachment to the past while offering improvements. The story of the early car industry illustrates this lesson, as manufacturers initially failed to win people over by pitching cars as horse replacements. Instead, success came when cars were marketed as complements to horses, providing new possibilities without discarding the old.

  • Bridging the gap between old and newTo successfully introduce new things, build a bridge of familiarity by addressing audience's problems and needs, communicating value in relatable terms, and building trust.

    When introducing something new to people, it's essential to build a bridge of familiarity instead of focusing solely on the newness and its supposed improvements. This was highlighted in the discussion about the transition from horses to cars, where instead of positioning cars as a replacement, they were marketed as a better version of what people already had. The same approach should be applied when bringing new things into the world, such as NFTs or innovative technologies. People may fear the new and unfamiliar, but they also crave better versions of what they already know and need. As entrepreneurs and innovators, it's crucial to start with the audience's problems and needs, build trust, and communicate the value in terms they can understand. This approach not only helps in overcoming resistance to change but also future-proofs careers by adapting to the ever-evolving market. The book "Build for Tomorrow: An Action Plan for Embracing Change, Adapting Fast, and Future-Proofing Your Career" provides a comprehensive guide to implementing these strategies.

  • Focus on the present to shape your futureReverse engineer learning, stay focused on present actions, and keep improving for a successful future. Gary Vaynerchuk's advice applies to all areas of life.

    While we cannot predict exactly what our careers will look like in 10 years, we can make decisions now that will open doors to the opportunities we will have in the future. Gary Vaynerchuk emphasizes the importance of reverse engineering how people learn and encourages us to focus on the present, as our current actions will shape our future. Whether we learn best through audio and visual methods like Gary, or through long-form books, the key is to keep moving forward and improving ourselves. Jason, a guest on the show, is an example of someone who has worked hard and is now reaping the rewards of his efforts. Gary continues to cheer for all entrepreneurs and believes that entrepreneurial frameworks and mindset can benefit many areas of life, including parenting and personal relationships. So, focus on the present, keep learning, and the future will take care of itself.

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