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487: From Layoff to Launch: Navigating Entrepreneurship with Steve Lomas

Thinking about quitting your job to start a business? Think again! Veteran entrepreneur Steve Lomas shares candid advice on the realities of entrepreneurship, the importance of mentorship, and the emotional rollercoaster of building a business. 🎢

🌟 Here are 3 Key Takeaways:

1️⃣ Seek Mentorship Early: Surround yourself with mentors and advisors who aren't financially tied to your business. Their objective feedback can be a game-changer. 💬

2️⃣ Delay Financial Dependence: Don't quit your day job just yet! Steve emphasizes the importance of not relying on your new business for income right away to minimize stress and preserve your savings. 🏦

3️⃣ Embrace Continuous Learning: The entrepreneurial journey is a never-ending learning process. Books like "The Business of Expertise" by David C. Baker and "Pricing Creativity" by Blair Enns can provide indispensable insights. 📚

Don't miss this invaluable guide to resilient entrepreneurship! 🌟🚀

🎯 Ready to Master Your Mindset, Mission, and Message?

If today’s episode inspired you, don’t just listen—act. Join the Journey Feed, our free private mentorship community for purpose-driven entrepreneurs. Inside, you’ll get:

  1. Weekly Journey Stream with real-time Q&A and live coaching to keep you aligned, inspired, and taking action
  2. Faith-Driven Mentorship & Guidance so you can build your business anchored in purpose and spiritual clarity
  3. Motivation & Inspiration rooted in timeless principles to strengthen your mindset and nurture your spirit
  4. Exclusive Resources & Tools to help you master your mindset, mission, message, and methods while honoring your calling

👉 Join the Journey Feed now and start building clarity, focus, and unstoppable momentum.

And if you’re ready for deeper support, explore our transformational coaching programs designed to help you strengthen your Mind, Mission, Message, and Method.

Live In Purpose. On Purpose!™

Support the Mission

If the Journey to Mastery podcast has inspired your path, consider contributing to help us keep creating faith-centered tools, resources, and conversations for purpose-driven entrepreneurs like you. 👉 Support The Mission

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About the Podcast

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About your host

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Elzie Flenard III

Elzie D. Flenard, III—Elzie The Entrepreneur is a purpose-driven mentor, visionary communicator, and faith-led creator on a mission to help others live in purpose, on purpose. Raised in the small town of Mounds, Illinois, Elzie’s journey from humble beginnings to entrepreneurial leadership is proof that your starting point doesn’t define your destiny.