Podcast Summary: The Kristen Boss Podcast – Episode 226: The Pivot: Part 2

Podcast Information:

• Title: The Kristen Boss Podcast
• Host/Author: Kristen Boss
• Episode: 226. The Pivot: Part 2
• Release Date: November 18, 2024

Introduction

In Episode 226, titled "The Pivot: Part 2," Kristen Boss delves deeper into the concept of pivoting within the entrepreneurial journey. Building upon the discussions from the previous episode, Kristen explores the psychological underpinnings of making significant changes in business and personal life. She emphasizes the importance of vulnerability, the challenges of evolving, and the profound impact of embracing change.

Key Topics and Discussions

1. Reflection on Listener Feedback and Vulnerability

Kristen begins by expressing gratitude for the heartfelt responses from her audience following the last episode. She introduces the concept of a "vulnerability hangover," describing it as the aftermath of sharing personal truths and feeling exposed. Kristen emphasizes that "vulnerability is the pathway to creating meaningful connection with anyone in your life" (00:20).

2. Clarifying Her Stance on the Industry Amidst the Pivot

Addressing questions from her community, Kristen clarifies that her pivot does not reflect a loss of faith in the network marketing industry. Instead, she maintains her belief in the industry's potential as a viable business model for diversifying income streams. She states:

"I still firmly believe in this business model being a really amazing approachable way for people to add streams of income to their home without having to go back to school, clock in, go to a 9 to 5." (02:30)

Kristen distinguishes herself from traditional network marketers by positioning herself as an educator and coach dedicated to empowering others within the industry.

3. Understanding the Nature of a Pivot

Kristen explores the essence of pivoting, contrasting it with the misconception that pivoting equates to quitting. She shares her personal experience of grappling with change, likening it to taking a leap into the unknown—a process fraught with fear and uncertainty.

"All growth is a leap in the dark. If you're afraid of that, you'll never do anything worthwhile." (35:10)

She references Dr. Benjamin Hardy's concept from "10x is Easier than 2x," highlighting the psychological barriers that prevent individuals from embracing growth and change.

4. The Psychology Behind Resistance to Change

Kristen delves into the psychological factors that fuel resistance to change, emphasizing the role of loss aversion. She outlines three primary manifestations:

• Sunk Cost Bias: The tendency to continue investing in a failing endeavor due to the time and resources already invested.

  "I've been here for five years, I've been here for 10 years, I've been doing this for 15 years... I saw them go bankrupt because simply because they're like, I should." (22:50)

• Endowment Effect: Overvaluing something simply because it is owned or created by oneself.

  "We tend to overvalue something you own. This is why people stay in unhealthy relationships because we've built so much together." (27:30)

• Principle of Consistency: The desire to act in ways that are consistent with past behaviors to maintain a stable self-image.

  "Continuing to do something you've previously done in order to be viewed by yourself and others as consistent." (29:10)

Kristen shares her personal struggles with these biases, recounting how they caused significant emotional turmoil during her pivot.

5. Embracing Personal Evolution

Kristen defines personal evolution as the gradual development and change towards becoming a better version of oneself. She outlines key aspects essential for growth:

• Self-Reflection: Continuously examining one's thoughts and actions to identify areas for improvement.

  "We are never like, I've arrived. I've done all my personal growth."

• Learning and Growth: Actively seeking new knowledge and experiences to broaden perspectives.

  "This requires us to have this beginner mentality... I'm willing to learn some new things."

• Adaptability: Embracing change and adjusting to new situations with flexibility.

• Emotional Intelligence: Understanding and managing one's emotions and those of others.

• Ethical Considerations: Aligning actions with one’s moral compass and values.

Kristen underscores that evolving necessitates realigning one's life to match newfound values, which often brings discomfort as previously acceptable elements may no longer resonate.

6. The Impact of Growth on Relationships and Perceptions

Kristen discusses the ripple effects of personal growth on relationships, noting that evolution can disrupt established power dynamics and lead to perceptions of betrayal. She illustrates how others may react negatively when someone they know begins to change:

"When you grow, it forces us into one of two places: into comparison or inspiration." (34:50)

She explains that while some may feel inspired by her growth, others might experience feelings of shame, resentment, or inadequacy, leading them to project their insecurities onto her.

7. Overcoming Fear and Embracing Courage

Concluding the episode, Kristen emphasizes the necessity of courage in the face of fear to pursue meaningful change. She shares motivational quotes from Ryan Holiday's "Courage Is Calling," reinforcing the idea that:

"If courage is never required in your life, you're living a boring life." (38:10)

These insights serve as a call to action for listeners to embrace their fears and take decisive steps towards their personal and professional aspirations.

Notable Quotes with Attribution and Timestamps

• Kristen Boss (00:20):

  "Vulnerability is the pathway to creating meaningful connection with anyone in your life."

• Kristen Boss (35:10):

  "All growth is a leap in the dark. If you're afraid of that, you'll never do anything worthwhile."

• Kristen Boss (22:50):

  "I've been here for five years, I've been here for 10 years, I've been doing this for 15 years... I saw them go bankrupt because simply because they're like, I should."

• Kristen Boss (27:30):

  "We tend to overvalue something you own. This is why people stay in unhealthy relationships because we've built so much together."

• Kristen Boss (29:10):

  "Continuing to do something you've previously done in order to be viewed by yourself and others as consistent."

• Kristen Boss (38:10):

  "If courage is never required in your life, you're living a boring life."

Conclusions and Final Thoughts

In "The Pivot: Part 2," Kristen Boss provides an in-depth exploration of the complexities associated with making significant changes in one's entrepreneurial journey and personal life. She candidly shares her struggles with loss aversion and the psychological barriers that impede growth, offering valuable insights into overcoming these challenges. Kristen's emphasis on vulnerability, self-reflection, and courage serves as a powerful guide for entrepreneurs seeking to navigate the uncertainties of pivoting towards greater impact and fulfillment.

Listeners are encouraged to embrace their fears, engage in continuous personal evolution, and recognize that growth often requires stepping into the unknown. Kristen's authentic storytelling and practical strategies aim to inspire and equip entrepreneurs to create purposeful and meaningful lives.

Additional Resources:

• Website: www.kristenboss.com
• Social Media: Follow Kristen on Instagram for updates and community engagement.