"If you want to be an entrepreneur, you have to get comfortable with the notion of failing. Once you get completely comfortable with the idea that you're going to fail, what ends up happening is you build this resistance up and you start to think more clearly," says Anthony Scaramucci.
Today's guest, Anthony Scaramucci, is the founder and managing partner of the $12.5 billion alternative investment firm SkyBridge Capital, the host of "Wall Street Week" on Fox Business, and a frequent contributor to major media. His new book, Hopping Over the Rabbit Hole: How Entrepreneurs Turn Failure Into Success, is a primer on how to thrive in an unpredictable business environment.
In our conversation, we discuss the ups and downs of entrepreneurial life, the key lessons learned on his road to success, and we even sneak in some conversation about the DOL Rule and the presidential campaign.
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You'll learn a lot about yourself when things are not going well. One of the big learning lessons of Hopping over the Rabbit Hole is that you have to live your life without fear, and you have to strain out of your life all of that social anxiety and that social status.
I was on the brink of failure in '08 and '09, and I was accepting it. That doesn't mean I was giving up. It was just the notion that if it didn't go well, because I was trying my hardest and doing the best I could for myself, clients, and customers, I was going to accept whatever fate that there was. I often tell entrepreneurs, and good ones know this, that a lot of entrepreneurial success is providential.
One of the messages of the book is if you are an entrepreneur, it's not going to be a straight line up. There's going to be a jagged edge to that line, and when you get to those low points, you have to will yourself to persevere.
I tell my staff that, 'We've got to be very careful about our pronoun usage. I don't want it to be me and I and mine. I want it to be our.' I also tell them, because I'm careful with my language, that you guys don't work for me. I'm the founder of the company. I'm the majority shareholder, but you work with me. There's a very big difference between working for me and with me.
- Anthony's new book: Hopping Over the Rabbit Hole
- Anthony's podcast, The Motivation Inside
- Learn more about The SALT Conference
- Values Clarification Toolkit Click here to download this FREE tool and start living your values.
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