EP03. Building a Psychology of Delayed Gratification
Listen now
Description
"I want it, I got it"... But have you budgeted for it? and do you understand the opportunity cost that spending that capital will have on the rate of growth of your business? The monetary benefit of business can undeniably lead to lifestyle changes and habits which may not always be in the best interest of one's business and future planning, However, the upside of the risk you took to begin your venture is not always guaranteed either so one needs to be mindful of their expectations. Join Nkululeko, Samukelo & Siyanda as they discuss how to build a psychology of delayed gratification so that you can position yourself and your business for scale regardless of the situation you find yourself in. Show Notes;3:33 - Money management17.25 - Understanding that your business is a separate functioning entity27:20 - Self programming to position yourself for scale36:10 - Why Re-investing early is crucial46:10 - The 3 nuggets of wisdomYoutube: https://youtu.be/z44QoJoCrMw
More Episodes
Published 10/07/21
What is diversification and when should one decide to do so, if ever? In the second installment of Beneath The Underdog, our hosts discuss what it means to diversify in the built environment as well as the level of importance companies and individuals should attribute towards it based on various...
Published 09/22/21
In the pilot episode of Beneath The Underdog Samukelo, Siyanda and Nkululeko discuss the relative topic of whether business is a result of nature or nurture. In this episode our hosts dive deep into the psychology of what drives an entrepreneur and how their personal experiences and upringing...
Published 09/06/21