Ep 22 | Transfer Proven Principles into Business Success with Patrick Parker [Season 2]

INTRODUCTION TO EPISODE 22 Learning how to launch, grow, and successfully run your business? In today's episode of the Advance Podcast, learn the secrets to exceptional entrepreneurship from athlete-turned-entrepreneur Patrick Parker, who runs not one but five successful businesses!Over the last five years, Patrick has built out five different software companies, two of which are now venture-backed, and all of those are generating over a million dollars in revenues. Patrick's entrepreneurial journey started as a side gig and eventually turned into full-time business, beginning with a staffing company. When it first scaled to a million in revenue, he took 30% of the profits from that, launched a software company and grew that to 3 and a half million in revenue. Gradually, he's built and scaled many other businesses and has scaled them suitably to attain meaningful revenue.In today's episode, join Mike as he interviews Patrick about entrepreneurship lessons from his amazing journey and learn to manage your time in a way that helps you grow financially.EPISODE 22 SUMMARY & HIGHLIGHTSWhat did Patrick’s athletics background teach him about leadership now that he’s in the business space? : 2:15Patrick reveals that his athletics background prepared him greatly for the business space - helping him know everything from being coached, the ability to encourage and lift up teammates, to dedication and consistency and hard work and development of his personal skills. In his words, 'Going from being a player to still being involved with athletics and becoming a coach, and helping other people develop their skill sets, is exactly what leadership is about'. How does Patrick go about managing five companies? Patrick finds it a matter of prioritizing his time. His secret is perhaps being intentional and focused with each company. He also prepares a call list every night – a list of the things that he has to do in order for everything to continue moving forward. Patrick believes strongly in not falling prey to a comparison mindset. The problems only get bigger that way. Patrick's way of working is starting small, staying grounded, and continuing to imitate or mimic that across all his businesses. Another thing he does is document the lessons learned – documenting what works and what doesn't and building frameworks and processes that make your business easier. Patrick also works on his focus. He uses time blocking to protect his time and spend his energy and effort in the right direction. He also uses focus tools on his phone to temporarily block the apps distracting him from work.Patrick’s blueprint for growing a profitable business: 12:47What's the purpose of a flywheel?: 25:17Patrick’s closing advice for you: 32:04(Full shownotes at https://connect.stepstoadvance.com)CONNECT WITH PATRICKLinkedIn CONNECT WITH MIKELinkedIn