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Ep40: Rick Dawsey: Building Success Through Ability, Breaks, and Courage
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In this episode of "Your Business Your Next Level," I’m joined by Rick Dawsey, a seasoned entrepreneur with over 40 years of experience founding and growing businesses across multiple industries, from construction products to software and office equipment. Rick shares his journey of resilience, starting his first business after being laid off and growing it from scratch to $20 million in revenue within three years. We discuss his "ABCs of Success"—Ability, Breaks, and Courage—and how they shaped his approach to business. Rick emphasizes the importance of persistence, avoiding comparisons, and choosing a path that aligns with your strengths and understanding. His insights on perseverance and focusing on personal goals over external validation offer valuable lessons for anyone looking to build a lasting, impactful business.
Key Takeaways:
ABCs of Success: Rick attributes his success to having the right Ability, seizing Breaks, and exercising Courage. These principles helped him overcome challenges and pursue his goals with resilience.
Avoid Comparison: Rick explains the importance of focusing on personal milestones rather than comparing yourself to others, which allows for genuine growth and fulfillment.
Stick to What You Know: By focusing on “sand and gravel” businesses—fields he understands deeply—Rick built a successful career without straying into unfamiliar territory.
The Power of Persistence: Rick’s journey reflects the importance of persistence in the face of adversity, emphasizing that consistent effort and tenacity are essential for long-term success.
Choose the Right Company: Surrounding yourself with trustworthy and inspiring people, both professionally and personally, is essential to maintaining a positive mindset and achieving sustainable success.
Timeline Summary:
[00:00] - Introduction to Rick Dawsey and his 40-year entrepreneurial journey.
[02:00] - Rick’s “ABCs of Success”—Ability, Breaks, and Courage.
[05:00] - Starting his first business after a layoff and growing it to $20 million in revenue.
[08:00] - The dangers of comparing yourself to others and staying focused on your path.
[12:00] - Importance of sticking to industries and fields you understand well.
[15:00] - Persistence and resilience as keys to overcoming business challenges.
[20:00] - Final thoughts on building a successful, purpose-driven business.
Links & Resources:
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