Episode 94 The Journey of David Nordel: From Military Service to Entrepreneurship and Leadership Development

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00:02:16 Grew up on farm, joined Air Force.
00:04:01 Inspired by patriotism, wanted to join Navy. Joined Air Force as a medic.
00:08:12 Entrepreneurship: Embrace the unknown, close gaps.
00:13:37 Disaster management requires effective communication strategies.
00:14:54 Bronze star, changed over time, leadership, communication.
00:20:41 Military veteran transitions, leadership development, employer support.
00:26:27 Leadership book: Farm to Combat Zone.
00:29:50 Understanding different styles makes life easier.

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Topic 1: Lack of financial control and oversight in reporting
- Failure to consider important components required for success
- Importance of having tear and tranche components in place
Topic 2: Common pitfall in starting a venture without considering key factors
- Criteria for evaluating opportunities: high ticket, MRR, experience in the field
Topic 3: Speaker's journey in starting their first company
- Paying friends $20 per hour
- Observing people with fulfilled lives and broken homes, making a choice about where they wanted to be
- Starting their first company at 17 years old with little knowledge or experience
- Lack of understanding in building processes, leading a team, acquiring customers, determining price margins, and handling sales
Topic 4: Speaker's second business and lessons learned
- Buying electronics from college students and reselling them on eBay
- Making a six-figure income
- Not outgrowing themselves
- Failing their first business at age 21, failing their second business at age 23
- Spending four years digging themselves out of the financial situation
- Working 70 hours per week, impacting health and relationships
Topic 5: Global economy of attention and opportunities for growth
- Seeing the world as a global economy of attention
- Opportunities to make money, improve health, and have better relationships
- Virtual assistants (VAs) as a successful tool in a global e...