#313: Understanding The Bell Curve of Entrepreneurship

<p><strong>OVERVIEW:</strong></p> <p>“Challenges are gifts that force us to search for a new center of gravity. Don't fight them. Just find a new way to stand.”<br /> – Oprah Winfrey</p> <p>Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, talks about the Realities of Entrepreneurship through the "Bell Curve of Entrepreneurship." In this episode, Jason shares his advice on how to deal with frustration as a business owner, a challenge he has faced lately in his business, and how he overcome that situation.</p> <p><strong>3 KEY POINTS:</strong></p> <ol> <li>You won't always be satisfied with your business, but that frustration will improve you.</li> <li>It takes a lot of work to attract top talent, especially for a small business.</li> <li>Marketing is one of the most critical components of a business.</li> </ol> <p><strong>EPISODE HIGHLIGHTS:</strong></p> <ul> <li>For podcast listeners, a video version of the episode will be released on YouTube, showcasing the graphs Jason mentioned throughout the episode.</li> <li>Jason's Bell Curve of Entrepreneurship consists of X and Y axes, wherein the Y-axis indicates the probability, while the X-axis indicates the distribution of the dataset.</li> <li>Most entrepreneurs running decent businesses are in the middle (mean score) of the bell curve.</li> <li>The bell curve can be Extreme Satisfaction or Elation.</li> <li>On the other side is Extreme Dissatisfaction or Frustration.</li> <li>As an entrepreneur, you won't always be satisfied with your business. There will be days when you will feel extreme frustration.</li> <li>One common challenge businesses face is finding great talent with adequate leadership skills, especially in marketing.</li> <li>It takes a lot of work to find online marketing experts. Those with marketing degrees are often into traditional marketing instead of the newer digital marketing.</li> <li>Frustration is normal and makes you better. Don't beat yourself up about it. Keep your eyes on the