FtL 17: How Scott Oldford Went From $726,000 In Debt To Infinite Possibilities
Play • 47 min

How Scott Oldford Went From $726,000 In Debt To Infinite Possibilities

Scott Oldford started his first business when he was a child selling eggs. That business grew, yes it was a business, and as he grew he moved on.

He was a golden child and, as he said, he felt like he had the Midas Touch. And then the roller coaster ride began.

Here’s what Scott and I discuss in this show:

  • How the people around him gave him a false sense of business invincibility.
  • How that opinion kept him taking bigger risks, which led to his eventual collapse.
  • How he prevents that false security today, and why you want to do the same.
  • How he went to receive an American Express Innovators Award while his business was failing.
  • How he found himself $726,000 in debt and how he climbed out.
  • The question that blew him away and made him realize he wasn’t what he thought.
  • Why he attributes Chris Brogan to his change of attitude and ability to please everyone.
  • Why he wakes up feeling like he has a gun to his head and how that motivates him.
  • How he analyzes every dollar spent now.
  • Why Scott is still haunted with the thought, “This ride is going to crash,” despite business being better than ever.
  • How he makes faster decisions.
  • How he quickly cuts losses now. And how that’s changed his business.
  • How to avoid big gambles in any one project.
  • The importance of your “emotional immune system.”
  • How he surrounds himself with the right people now.
  • Why it’s important to have a broke mindset.
  • How he plans on impacting 100,000 entrepreneurs with his business model.
  • Why it’s important for you to build value with someone before you can ask for help.

Enjoy the show.

How Scott Oldford Went From $726,000 In Debt To Infinite Possibilities

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