Podcast Summary: The Entrepreneur DNA - "The Miracle Mentality: How Successful Entrepreneurs Think Differently | Tim Story | EP 64"

Host: Justin Colby
Guest: Tim Story
Release Date: March 24, 2025

The Entrepreneur DNA episode 64 features an enlightening conversation between host Justin Colby and guest Tim Story, esteemed life coach to numerous high-profile individuals and author of "The Miracle Mentality." This episode delves into the unique mindset that sets successful entrepreneurs apart, exploring the principles of the Miracle Mentality and how it can transform both business and personal life.

1. Introduction to Tim Story and The Miracle Mentality

Tim Story begins by introducing the core concept of "Miracle Mentality," distinguishing persistence from mere grit. He describes it as an internal drive that empowers individuals to navigate and overcome obstacles creatively.

“Persistence is not just the grit. Persistence is something that gets inside of you where all of a sudden there's almost like a miracle mentality that's just not on you, but it's in you.”
– Tim Story [02:28]

Justin Colby expresses his excitement about having Tim on the show, highlighting Tim’s extensive experience and impactful presence in the entrepreneurial community.

2. Defining the Miracle Mentality

Tim elaborates on the Miracle Mentality, emphasizing that achieving success at a higher level requires extraordinary and uncommon thinking. Drawing from his interactions with influential figures like Lee Iacocca and Quincy Jones, Tim explains:

“These were common men that thought uncommon thoughts. So to be an entrepreneur like you desire to be, you have to have a miracle mentality.”
– Tim Story [05:51]

He defines a miracle as something “extraordinary, uncommon, and not regular,” setting the foundation for the mindset entrepreneurs need to cultivate.

3. Uncommon Thoughts and Early Indicators

Tim and Justin discuss how exceptional entrepreneurs often exhibit uncommon thinking from a young age. Tim prompts listeners to reflect on when they realized they were destined for something greater, sharing insights from conversations with Oprah Winfrey, Stevie Wonder, and Robert Downey Jr.

“At what point in your life did you realize that you were not normal?”
– Tim Story [07:00]

Justin shares his entrepreneurial instincts from childhood, recounting activities like selling baseball cards and washing cars that showcased his inherent drive to create and innovate.

4. Making Uncommon Plans

The conversation shifts to the importance of making plans that defy conventional norms. Justin recounts facing skepticism from family and friends when he chose the entrepreneurial path over traditional employment despite holding a prestigious UCLA diploma.

“When you think uncommon and make uncommon plans, there was a pushback... People get caught up on what are people going to say about me.”
– Justin Colby [17:47]

Tim emphasizes that overcoming such pushback is crucial for maintaining the trajectory towards success.

5. The Power of Partnership

A significant portion of the discussion centers on the importance of forming strategic partnerships. Tim introduces his World Shaker Society, a mastermind group designed to connect individuals with a growth mindset.

“When you walk with the wise, you will stack up more wisdom. But if you spend time with people with no understanding, your life will begin to unravel.”
– Tim Story [20:44]

Justin highlights his podcast, The Entrepreneur DNA, as a platform that fosters collaborative opportunities with influential entrepreneurs, reinforcing the value of intentional connections.

6. Uncommon Resilience: Overcoming Resistance

Tim discusses resilience as a cornerstone of the Miracle Mentality, differentiating it from simple grit. He explains that resilience involves adaptive strategies to navigate unexpected challenges.

“Miracle mentality says somehow, some way, I'm going to get through. Some way I'm going to get through.”
– Tim Story [42:03]

Justin shares his personal experiences with resistance in his real estate business, illustrating the necessity of a supportive network to overcome obstacles.

7. Practical Advice for Entrepreneurs

Both Tim and Justin offer actionable strategies for cultivating a Miracle Mentality:

• Embrace Uncommon Thoughts: Challenge conventional wisdom and think outside the box.
• Make Uncommon Plans: Develop innovative and purposeful strategies, even in the face of skepticism.
• Foster Powerful Partnerships: Surround yourself with mentors and peers who provide valuable insights and support.
• Build Uncommon Resilience: Adapt and persist through varied challenges using flexible approaches.

Tim promotes his World Shaker Society mastermind, encouraging listeners to invest in themselves by joining a community committed to growth and success.

8. Key Takeaways

• Miracle Mentality combines uncommon thoughts, innovative planning, strategic partnerships, and resilient perseverance.
• Success necessitates deliberate efforts to connect with like-minded individuals and mentors.
• Personal stories and real-life examples demonstrate that extraordinary success often stems from early unconventional thinking and relentless pursuit.
• Building a strong network and maintaining a growth mindset are essential for overcoming challenges and achieving long-term goals.

Notable Quotes with Attribution:

• “Common men that thought uncommon thoughts.”
  – Tim Story [05:51]

• “If your friends or your people, your connections are not there to pick you up off the mat when you're down, do not.”
  – Justin Colby [36:25]

• “Miracle mentality says somehow, some way, I'm going to get through.”
  – Tim Story [42:03]

Conclusion

This episode of The Entrepreneur DNA provides profound insights into the mindset that differentiates successful entrepreneurs. Tim Story’s "Miracle Mentality" serves as a blueprint for aspiring entrepreneurs seeking to elevate their ventures and enrich their personal lives through unconventional thinking, strategic partnerships, and resilient perseverance. Justin Colby adeptly guides the conversation, extracting valuable lessons that are both inspiring and practical, making this episode an essential listen for anyone aiming to scale their business and achieve their dreams.