Episode 8: Kyle Taylor on What Small Business Can Teach Us About Health
Update: 2012-12-06
Description
Welcome back to Escape from Caloriegate! Today, we welcome Kyle Taylor, an experienced entrepreneur who runs an awesome website/podcast called Thriving The MIDDLE Class. Kyle's on a mission to educate would-be entrepreneurs to take the leap and discover the power of business ownership. He interviews diverse business owners (online and offline) to share their knowledge and celebrate their successes. We chatted at length about entrepreneurship and dieting -- and the curious connections between these two challenging endeavors. Enjoy it!- Kyle's a perfect example of the middle class. He's been self-employed as an entrepreneur for 15 years, done diverse work in many fields;
- Entrepreneurs prosper b/c business owners have subtle advantages;
- Kyle's podcast follows real world entrepreneurs -- mechanics, food truck drivers, even a dodgeball tournament company owner;
- Romney enjoyed super low taxes. Why? Tax codes offers preferential treatment for business owners. 300+ tax deductions available for business owners -- that's how super wealthy people pay such low taxes;
- We're trained to be salaried employees, not taught how to be entrepreneurs;
- Is our educational system designed to pump out "salarymen"?
- An analogy? Eating the standard American diet : Being a 'salaryman' :: Eating low carb/paleo : Being a business owner;
- Tax deductions for business owners are built into the tax code, but no one really knows about them;
- What if we were taught from birth how to eat right and master the science of business owning?
- What we're taught about how to build a business isn't necessarily practical;
- Kyle started his podcast to talk to real people running real businesses -- what are their secrets?
- How did a solo-preneur get all these celebrity endorsements? What are people really doing out there?
- We're saturated in false paradigms re: business, nutrition and beyond. We need to untrain ourselves, speak with people who've succeeded at what we want to do;
- The 'n=1 experiment' is a popular meme in the diet world. Guess what? Self-discovery in business is also important! A different kind of n=1. What works for one business might not work for another;
- Kyle has a pet peeve: the "internet lifestyle." Following shiny objects is a dangerous path;
- Warren Buffet made a bet for a million dollars - by the year 2015, most hedge funds will have an annual return equal to or less than the S&P 500's. So why are we paying big fees to hedge fund managers? Why does that industry even exist?
- Success in both business and diet is not magic -- it's counterintuitive wisdom;
- Kyle trained for 6 months to complete an Ironman Triathlon, a 146 mile test of endurance. He didn't lose a pound! How was that possible? He needed to research it. He was probably trading some fat for muscle, but his high carb diet probably caused fat storage;
- You have to "dig into it" to find unconventional wisdom that actually works for diet, finance, business, raising your kids, etc
- False beliefs permeate our institutions;
- The Millionaire Next Door -- book about average people making average salaries who became millionaires. It's easy to do, but we're pushed to spend;
- He's encouraging would-be entrepreneurs to get off the couch and do it!
- Avoid pursuing the shiny gold object.
- The people who made the most money during the Gold Rush were folks like Levi-Strauss -- selling denim, not prospecting!
- His advice is: establish authority. If you create the best widget, people will find you.
- On a personal finance level... cut out debt, wherever you can. Avoid credit cards and refinancing your house.
- Most of your money goes to interest and taxes. Cut those out and save more money.
- We're urged to spend spend spend, but we need to do the opposite;
- Mainstream media encourages this kind of gorging. But if you can take a step back, focus on family values, you'll find an edge and find success;
- Get back to whole food that's cooked = 90% of the battle;
- We're forced to buy problems AND solutions. Spend spend spend, then invest in our debt reduction services; Eat bad food, then invest in our weight loss programs;
- The further we get away from nature, then more problems and secondary problems emerge;
- Cut out the CW, and you can make some progress, but you need to keep tweaking it;
- The same self-discovery that you're benefitting from in health/fitness can help you with business/finance;
- Some of his guests were unemployed, but they did something different. Learn from it!
Please visit Kyle's awesome website.
Check out his engaging Thriving The MIDDLE Class podcast!
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