RT 14 | Michael Hyatt: Taking Care of Ourselves as Entrepreneurs

 

On today’s episode, we have the brilliant Michael Hyatt, serial investor and tech entrepreneur. Michael is the Co-Founder of BlueCat, which was sold to Madison Dearborn Partners, and he is ranked as one of Canada’s top entrepreneurs. Michael is an active philanthropist who chairs the Hyatt Family Foundation.

We are honoured to share this audio because this interview was recorded back in December 2018, during the earlier days of our movement. Many of the topics will resonate with leaders, especially during this pandemic. Michael dispels some common misconceptions about entrepreneurship and reveals his philosophy towards business and money.

This show starts with Michael recalling how business was conducted in the 90s. With the internet yet to gather steam, businesses than did not enjoy the global connectedness of today. Making some interesting comparisons with the current scenario, Michael discusses the various tools that have made businesses far more efficient to operate.

Next, Michael has a reality check for aspiring entrepreneurs. Taken in by romanticized versions, folks chuck a stable job to realize their grand vision. Listeners are reminded about the challenges and strains that come with entrepreneurship.  Business is no get-rich-quick scheme and it may be many years before an entrepreneur can monetize and exit.

Michael discusses the growing trend of anxiety among entrepreneurs and leaders, and what it takes to be successful in the business world. In particular, self-care is absolutely key, revolving around a trifecta: diet, sleep, and exercise. Do you believe in relentlessly pursuing your materialistic goals without making any pit stops? If yes, Michael reveals the details of his rigorous self-care routine.

Towards the end, Michael talks about the ill effects of technology. The tools of today allow us to remain connected 24x7. Whether it is for work or pleasure, the overuse of technology is unnecessary and even harmful. In this segment of the show, Michael reveals the simple joys of life that he looks forward to. Tune in now!


WHAT YOU WILL LEARN

  • What it is really like to be an entrepreneur

  • His journey around pressure, success, and anxiety

  • His business philosophy and practical steps for self-care

  • How his childhood shaped his relationship to money

  • The effects of technology on our well-being

QUOTES

“We feel that we are not purposeful until we are extraordinarily busy.”

“It is harder to stop than to start.”

”If you get your diet, sleep, and exercise in line, and get away from your phone a bit more, I think you're going to do better.”

“A startup is like training for the Olympics, except you do not know when the Olympics are.”

RESOURCES

 
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