[00:00:02] Speaker A: Ramping up your business. The time is near. You've given it hard, now get it in gear.
It's Passage to Profit with Richard and Elizabeth Gearhart. I'm Richard Gearhart, founder of Gearhart Law, a full service intellectual property law firm specializing in patents, trademarks and copyrights.
[00:00:20] Speaker B: And I'm Elizabeth Gearhart, not an attorney, but I do marketing for Gearhart Law and I just opened my podcast studio.
[00:00:27] Speaker A: Welcome to Passage to Profit the Road to Entrepreneurship, where we talk with business owners and celebrities about their business stories. It's time for your new business journey. Two in five Americans are thinking about starting a business or are already business owners and we like to ask our panel questions that might be of interest to our audience. So how do you overcome self doubt as an entrepreneur? So let's start with Jed. What do you think about overcoming self doubt as an entrepreneur?
[00:00:57] Speaker C: The biggest advice I ever got is to take action. To move from idea to action gives you confidence because you start to see what works and what doesn't work and you gain confidence from having small successes. Those successes aren't going to come until and unless you take action. So move from idea mode into action mode as soon as you can and iterate and refine from there.
[00:01:19] Speaker A: I love that. Rick, what are your thoughts?
[00:01:22] Speaker D: My thing would be do your research. What I find is I have one client who spent years and hundreds of thousands of dollars investing in something that is never going to really be successful in the marketplace. And I've got other clients who've generated millions of dollars because they did the homework upfront and really, really did the research to understand it. So I think you can eliminate a lot of the self doubt if you've done the homework and done the research to make sure your product or your service is viable.
[00:01:47] Speaker A: That's for sure. David and Monica, how do you eliminate self doubt or manage it? If you're an entrepreneur, it is really.
[00:01:53] Speaker B: That ab testing, right? Try something and go from there and then you, you really celebrate those little.
[00:01:59] Speaker A: Successes and never be afraid to try. There you go.
[00:02:02] Speaker B: Elizabeth, I'm not sure you can entirely overcome self doubt, but I always think of that old adage, be like a duck. So you're calmly floating on the water, but you're paddling furiously underneath. And I think the thing is all of us are doing that. So I think you can look like, oh my gosh, these guys have it totally together. They never doubt themselves. We all do. You know what? So no, it's just a natural part of life and you have to just keep working at it every day to overcome it.
[00:02:29] Speaker A: Yeah, that's really well said. Thank you everybody for your comments. Passage to Profit is a nationally syndicated radio show appearing in 38 markets across the United States. In addition, Passage to Profit has also been recently selected by Feedspot Podcasters Database as a top 10 entrepreneur interview podcast. Thank you to the P2P team, our producer Noah Fleishman and our program coordinator Alicia Morrissey and our studio assistant Marissikat Bussari. Look for our podcast tomorrow anywhere you get your podcasts. Our podcast is ranked in the top 3% globally. You can also find us on Facebook, Instagram X and on our YouTube channel. And remember, while the information on this program is believed to be correct, never take a legal step without checking with your legal professional first. Gerhart Law is here for your patent, trademark and copyright needs. You can find
[email protected] and contact us for a free consultation. Take care everybody. Thanks for listening and we'll be back next week.
