Podcast Summary: Built Online – "How Anyone Can Develop The Mindset Of A Multi-Million Dollar Entrepreneur | ft. Jacob Hicks"
Release Date: June 23, 2025
Sponsored by EverBee: e-commerce software trusted by over 1,000,000 business owners to start, grow, and scale their companies.
Introduction
In this enlightening episode of Built Online, host Cody McGuffie sits down with Jacob Hicks, a seasoned entrepreneur and success coach, to delve into the essential mindset required to scale an online business to multi-million dollar heights. The conversation explores the interplay between intentionality, resilience, vision crafting, and the nuanced relationship with wealth, all crucial elements for aspiring and established entrepreneurs alike.
Developing an Entrepreneurial Mindset
Jacob emphasizes the paramount importance of mindset over mere skills or tools in driving a business forward. He articulates how getting entangled in daily chaos—both immediate and long-term—can derail intentional business growth.
Jacob (00:00): "If you have several days, several weeks in a row where all you're doing is just caught up in like the big things that are not really helping drive the business forward, then ultimately you're not living with intentionality."
This focus on intentionality serves as a foundation for sustained entrepreneurial success, ensuring that every action aligns with the overarching business goals.
Overcoming Resistance and Handling Haters
A significant portion of the discussion revolves around the inevitable resistance entrepreneurs face, both externally and internally. Jacob shares a personal anecdote illustrating the harshness of unsolicited negativity.
Jacob (04:09): "I had a guy who... called me an idiot... knocked me for a loop... I realized that those people say much more about them than it does about me."
Cody and Jacob agree that encountering "haters" is a natural part of the entrepreneurial journey. Instead of internalizing such negativity, they suggest viewing it as a reflection of the hater's own insecurities or frustrations.
Cody (06:46): "If you don't have haters, then you're probably not even pushing hard enough."
Resilience in Early Entrepreneurial Stages: Chapter One and Chapter Two
The conversation introduces the concept of "Chapter One" and "Chapter Two" in an entrepreneur's journey. Chapter One represents the initial foray with steep learning curves and significant resistance, while Chapter Two involves refining strategies and attracting the right clientele.
Jacob: "The learning curve for the first chapter is so steep... in chapter two, you realize who your right people are."
This framework helps entrepreneurs understand their progression and the shifting challenges as their business evolves.
Finding Your Why: Beyond Monetary Goals
A pivotal theme is the necessity of having a compelling "why" that transcends the pursuit of money. Jacob and Cody discuss how anchoring entrepreneurial efforts to deeper purposes—such as family, personal growth, or community impact—provides enduring motivation, especially during challenging times.
Jacob (13:04): "Because this is going to do X, Y and Z for my kids. This is going to allow my family these kind of opportunities."
Cody echoes this sentiment, illustrating how attaching emotional significance to financial goals transforms them into powerful drivers.
Cody (14:20): "...it was backed up with so much of this emotional, emotional information that made it almost inevitable that you would hit that."
Crafting Your Ideal Day and Life Vision
The duo delves into practical exercises for entrepreneurs to define their ideal day and life, emphasizing the importance of detailed vision crafting. Jacob advises going beyond surface-level descriptions to flesh out the emotions and specific activities that constitute an ideal day.
Jacob (24:02): "Find some way to honor it... I review it every week."
They stress the significance of documenting and regularly revisiting one's vision to maintain alignment and intentionality in business and personal life.
Work-Life Integration vs. Balance
Challenging the traditional notion of work-life balance, Cody and Jacob advocate for work-life integration—a more fluid and adaptable approach that accommodates the ebbs and flows of both professional and personal responsibilities.
Cody (16:48): "There are times... it's completely okay. And it's actually expected to win."
Jacob concurs, tying this integration back to the overarching theme of intentionality, ensuring that even during hectic seasons, personal priorities remain in focus.
Wealth and Purpose: A Spiritual Perspective
Towards the episode's conclusion, Jacob shares his perspective on wealth from a Christian viewpoint, distinguishing between the love of money and a disciplined pursuit of financial freedom aligned with one's spiritual and personal values.
Jacob (39:44): "I don't think money is the root of all evil. I think the love of money is root of all evil."
They explore how wealth, when pursued with the right intentions, can serve as a tool for personal and communal betterment, emphasizing generosity and purposeful financial management.
Jacob (42:17): "The more money you earn, the more money you can give away."
Conclusion and Key Takeaways
The conversation wraps up with actionable advice for listeners:
- Define Your Vision: Take time to craft a detailed vision of your ideal day and life, focusing on emotional and specific elements.
- Document and Revisit: Regularly write down and review your vision to stay aligned with your goals.
- Embrace Resilience: Understand that encountering resistance is part of growth and use it to reinforce your entrepreneurial spirit.
- Work-Life Integration: Adopt a flexible approach to managing professional and personal responsibilities, maintaining intentionality throughout.
- Align Wealth with Purpose: Pursue financial success with a clear "why" that supports broader personal and community objectives.
Cody (30:18): "Carve out five minutes today, not tomorrow. Get a pen and paper and start."
The episode serves as a comprehensive guide for entrepreneurs seeking to cultivate a multi-million dollar mindset, blending practical strategies with profound personal insights.
Connecting with Jacob Hicks
For listeners inspired by Jacob's insights, he can be reached through his website jacobhickscoach.com. Additionally, Jacob hosts his own podcast, Purpose Driven Progress, featuring interviews and actionable advice aimed at personal and professional development.
Thank you for tuning into this summary of Built Online's episode with Jacob Hicks. For more strategies and inspirational conversations, subscribe to Built Online and visit EverBee to enhance your e-commerce journey.