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Social science, behavioral economics, cognitive psychology -- sound complex? Let's fix that. The Art of Charm Podcast is where self-motivated guys and gals, just like you, come to learn from a diverse mix of experienced mentors, including the world's best professional and academic minds, scientists, innovators, coaches, relationship experts, entrepreneurs, bestselling authors, and other brilliant minds. This show will make you a higher performer, a better networker, a deeper connector and, most importantly, a better thinker.

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336: Seth Godin | Conquering the Dip

November 4th, 2014

Episode 259 of 769 episodes

Do what would make your mom proud. "We don't live in a scarcity economy any more, we live in an abundant economy." -Seth Godin The Cheat Sheet: Is there really such a thing as writer's block? Why quitting and failing aren't the same, Seth explains. When and how to quit to be successful. The two categories of failing. Why 98% of people who start online classes don't finish them. What it means to serve people. And so much more... As the author of 17 books and an uber-successful entrepreneur who has started multiple companies, Seth Godin is a man who needs very little in the way of an introduction! He is looked to as a thought leader in marketing, communications and entrepreneurship. On today's episode he shares his thoughts on the creative process, what it means to be in "the dip" and how to succeed in business without having an exclusive focus on the bottom line.Listen in for details on all of that and so much more on the 336th episode of The Art of Charm. More About This Show: Believe it or not there was a span of time when Seth Godin struggled. In fact, he says he spent 8 years teetering on the edge of bankruptcy. But living on that edge so precariously for that long brought him tremendous insights and experiences, many of which he shares on this episode. One of those experiences he shares with us is how he managed to cope and thrive from rejection. In his first year in the book business he was rejected 800 times! And he learned to see it in the best possible light: each rejection was a step closer to a yes andhe was very willing to be bad until he was very good. Those rejections helped him get better until he became great. On a similar note we discuss why he says quitting and failing are not the same thing. Seth wroteThe Dipto help us have mature, intelligent conversations about quitting. He believes you have to be willing to quit everything elsein order to be the very best in the world at one thing. Too often today we don't quit to focus on that one thing, we become mediocre at many things. And none of us really want mediocre! We don't go on the Internet to buy from the most mediocre person we can find. We want the best from the very best. In order to become the very best and quit everything else, we also have to set parameters for our quitting. When we take on a new project or a new business we have to decide at what point we will quit, and then actually quit if/when we reach it. For example if you start a new business and you decide you will quit when you have spent the $10k you currently have set aside on that business, then you must quit when that $10k is gone (and the business isn't working). Don't burn through the $10k, have a failing business and then go mortgage your house to keep going. Set the circumstances ahead of time and then honor them. But while some paths do endure The Dip, yet others are simply dead ends. Seth suggests if you are a budding entrepreneur you should follow a path that's been trodden successfully in the past. Learn from those who have gone before you and have succeeded, figure out when you're in The Dip and ride through it. Knowing you're experiencing The Dip makes it a whole lot easier to get through. Seth goes into much more detail on quitting vs. failing and other great entrepreneurial lessons he's learned (like how to create and serve people by NOT focusing on the almighty profit). There are tons of great nuggets here so have a listen! It was an honor to have him on the show, please join me in thanking him. And thank you for being here too. Enjoy the episode and we'll see you next time. THANKS SETH GODIN! If you enjoyed this session of The Art of Charm Podcast, let Seth Godin know by clicking on the link below and sending him a quick shout out on Twitter: Click here to thank Sethon Twitter! Resources from this episode: Seth Godin's web siteTheDipbySeth GodinbookLinchpin, by Seth GodinAll of Seth Godin's booksSquidoo, Seth Godin's former companySeth Godin on Twitter Try Squarespace (free) and support our supporters! You'll also like:-The Art of Charm Toolbox-Best of The Art of Charm Podcast Wanna leave a comment? Too bad!Email meinstead (we read everything)! HELP US SPREAD THE WORD! If you dug this episode, please subscribe in iTunes and write us a review! This is what helps us stand out from all the fluff out there. Ways to subscribe to The Art of Charm Click here to subscribe via iTunes Click here to subscribe via RSS You can also subscribe via Stitcher FEEDBACK + PROMOTION Hit us up with your comments and guest suggestions. We read EVERYTHING. Download the FREE AoC app for iPhone Email [email protected] Give us a call at 888.413.7177 Stay Charming!

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