Valuetainment - Episode 168： 14 Reasons Why Moms Make Great Entrepreneurs

00:00:00.000 30 seconds, one time for the underdog, ignition sequence start.

00:00:07.000 Let me see you put them up, reach the sky, touch the stars up above, cause it's one time

00:00:13.100 for the underdog, one time for the underdog.

00:00:17.400 I'm Patrick Medevi, your host of ITEM, and today we're going to talk about the moms out

00:00:20.740 there, the mothers out there who become entrepreneurs. 1.00

00:00:23.180 I'm going to share with you 14 reasons why moms make great entrepreneurs. 1.00

00:00:26.960 So let's start off with the first one.

00:00:28.860 They tend to deliver bad news gently.

00:00:33.560 There's something about the way a mother delivers bad news. 0.72

00:00:37.940 They're a little bit more tender about it.

00:00:39.560 They're a little bit more, you know, understanding about it.

00:00:42.520 They are more concerned about the other person's feelings on when they want to tell them, here's

00:00:47.600 what happened, here's what happened, here's what happened, where the other person's taking

00:00:51.080 it better versus a father may say, it doesn't matter, here's what you need to do, and it's

00:00:56.020 boom.

00:00:56.900 And then a kid goes in a room, it's like, you know what, you have no idea, you have some

00:00:59.520 feelings as well.

00:01:00.560 Mothers are better at dealing with that than sometimes fathers. 1.00

00:01:03.720 That is a strength of yours when it comes down to dealing with business.

00:01:06.440 Second one, natural leadership instincts.

00:01:08.740 I think mothers have a very, you want to call it a sixth sense. 1.00

00:01:13.820 They know things that are going on that maybe nobody else knows what's going on.

00:01:17.460 They have leadership instincts.

00:01:18.720 They can feel, and the reason why I think they can feel something, and you got to know

00:01:22.760 one of the reasons why you have such an edge is because mothers tend to spend more time 1.00

00:01:26.820 with kids than fathers do.

00:01:29.920 And when you spend more time with kids, this is not in all cases, but when you spend more

00:01:33.860 time with kids than fathers do, kids are all emotional.

00:01:38.880 So, your sensitivity towards emotion goes even higher than a man would or a father would

00:01:46.420 because you're around it more.

00:01:48.040 Kids are very good teachers.

00:01:49.260 So, can you imagine if kids are very, very good teachers, mothers are getting more teaching

00:01:54.320 from kids than fathers are because kids teach us about emotions and feelings.

00:01:59.480 So, your natural ability to be able to read people is much better.

00:02:04.360 This is why a lot of times a mother says, I don't get a good feeling about that person

00:02:08.280 or I don't get a good feeling about this.

00:02:10.220 They have a certain intuition because they see it with their kids all the time.

00:02:13.660 So, you have natural leadership instincts that I don't know how to explain it.

00:02:19.640 I think if it makes sense to you now, you pretty much know what I'm saying with this.

00:02:23.180 Next one would be, point number three would be, you're not afraid to speak your mind.

00:02:27.700 You're not afraid to speak your mind.

00:02:30.340 I think mothers will approach problems and say, son, I don't like how you're handling 0.99

00:02:34.200 this.

00:02:34.960 Honey, I don't like how this is taking place.

00:02:37.280 I don't like the way we did this.

00:02:39.440 I don't know if we're doing the right thing here.

00:02:41.640 Mothers will generally say this.

00:02:43.320 Fathers may set aside the problems and just kind of go and say, oh, we'll figure it out.

00:02:46.540 We'll figure it out.

00:02:47.520 Mothers will bring it up so they're naturally not afraid to speak their mind.

00:02:51.040 And in business, it helps you a lot to talk about the things that are taking place

00:02:56.320 in business.

00:02:57.180 And it helps resolve issues sooner rather than delaying an issue that's going to take

00:03:02.080 place that we have to resolve seven months from now.

00:03:05.080 Mothers do it now. 1.00

00:03:06.240 Again, if you tap into that ability that you already have.

00:03:09.320 Next, you know, typically, and this is kind of a strange way of describing it, man, we

00:03:17.140 can learn a lot from this.

00:03:18.240 But mothers, you know, typically have other mothers that they confide in and they talk

00:03:25.120 about their problems.

00:03:25.860 So they have, I don't want to say mentors.

00:03:27.920 It's natural mentors, but they have other people that they talk to that's in the same

00:03:34.020 situation as them.

00:03:35.460 So it allows them to release a certain frustration that you're having as a mother raising your

00:03:43.600 kids because you see somebody else is going through it as well.

00:03:46.500 So if you use that same ability and find other entrepreneurs to confide in who are in the

00:03:53.320 similar situations as you to understand you and those who overcome, not those that necessarily

00:03:59.000 want to say, well, this is why we can't run a business.

00:04:01.540 I'm not talking about that.

00:04:02.580 Just because you're a mother doesn't mean you're going to make a great entrepreneur.

00:04:05.160 Let's get that part, you know, open and I'm not trying to be diplomatic here.

00:04:08.840 I'm just telling you just because somebody is a mother doesn't mean you're going to make

00:04:11.560 a great entrepreneur.

00:04:12.380 They're still negative and positive mothers. 1.00

00:04:14.680 I'm talking about somebody who is positive, who is truly wanting to build a business.

00:04:19.280 If you tap into that same ability to confide into your peers to find out the situation

00:04:23.800 there and then you do the same as a business and find that mentor, you'll generally find

00:04:27.920 a way to solve that problem, overcome that issue that you're addressing at that time.

00:04:32.900 Next is urgency.

00:04:34.740 Mothers, you know, entrepreneurs are urgent. 1.00

00:04:36.400 The reason why they're urgent is because they have so many things going on.

00:04:38.800 Drop off the kid, pick this up, food, boom, job, school, music, all this.

00:04:43.260 You have so many things that they're more, okay, here's what I got.

00:04:46.280 10 minutes, 15 minute call, 20 minutes.

00:04:48.120 There's a certain level of urgency when you're dealing with mothers because there's only 1.00

00:04:52.000 24 hours in a day and there's so many things that need to get done.

00:04:55.080 And somehow, someway, they tend to get more things done, mothers do, as entrepreneurs. 1.00

00:05:00.740 Next is natural networking skills.

00:05:03.740 I would say moms are very good at asking, who do you know? 1.00

00:05:07.220 Who do you know that does this?

00:05:08.380 Who do you know that does that?

00:05:09.220 Who do you know that does this?

00:05:11.320 Men, we tend to kind of think we know it all.

00:05:13.420 We tend to think we don't need help.

00:05:14.600 So, networking-wise, they don't mind asking anybody on who they know in this area and that.

00:05:19.360 So, they're very good on referrals.

00:05:20.580 When it comes down to the area of asking for referrals, my gosh.

00:05:23.420 I mean, I've had salespeople in our company.

00:05:25.680 54% of the agents in our company are ladies. 1.00

00:05:28.720 And those who are some of the best producers in our company are mothers who are very good

00:05:34.620 at working the referral market.

00:05:36.340 And the referral market is, who do you know?

00:05:38.260 And that comes from natural networking skills that you already have in place to use and apply.

00:05:44.100 And remember, a lot of these things I may be saying right now.

00:05:46.860 You're a mother watching this and you're saying, how come I don't use that skill?

00:05:50.240 You've got to use it for it to work.

00:05:51.960 So, you have the muscle.

00:05:53.760 It's almost like you have that weapon in your arsenal, but you're not using it.

00:05:56.580 If you don't use these things in business, it won't do anything for you.

00:05:59.540 You've got to take these things and actually apply them.

00:06:01.860 And you'll realize how simple it is because you've been doing it all your life already.

00:06:06.300 Next is, you know, point number seven is there's a certain level of trustworthy for mothers.

00:06:11.780 There's a certain level of trust.

00:06:12.920 I don't know how to describe this.

00:06:14.680 You know, if somebody's selling me something and they're a mother and they have kids,

00:06:18.480 I can tell you myself as a buyer, I trust.

00:06:21.860 Because for me, I always think a mother's going to give the right feedback because she has a kid

00:06:27.140 and she knows she doesn't want anybody to take advantage of her kids. 1.00

00:06:30.560 So, probably, she's not going to want to take advantage of her.

00:06:33.780 So, in my mind, as a person, I trust a mother selling in the area of business when it comes 0.99

00:06:40.240 down to wanting to buy their product.

00:06:42.680 Next one is emotions.

00:06:45.740 Tender-hearted.

00:06:47.200 It goes back to when I told you they deliver bad news better, but this is more about the

00:06:52.580 listening side.

00:06:53.480 When I say emotions, they make better listeners.

00:06:55.360 So, if a client is wanting to buy something, and let's just say they sit there and say,

00:07:00.700 well, you know, let me tell you my experience with the last person I had told me about it.

00:07:04.640 Well, the last person I dealt with, he did this, he did this, he did this, he did this,

00:07:07.640 he did that.

00:07:08.340 How did that make you feel?

00:07:09.540 It made me feel this way.

00:07:10.360 What do you think about that?

00:07:11.300 What do you think about that, John?

00:07:12.540 What do you think about that, Mary?

00:07:14.000 What are some things you would want to be different when you do business with somebody new?

00:07:17.180 If somebody, they're very good at, you know, displaying that listening skills to hearing

00:07:22.860 you out, and men, we just want to give the next big positive, you know, popular answer

00:07:27.460 to be impressed and say, did you hear that comeback I gave?

00:07:30.580 Sometimes we are so, we forget, we don't even know that.

00:07:33.400 But mothers are very good at saying, okay, I'm hearing you out, and we like to be heard

00:07:38.080 out, and as a customer, we want to talk to somebody that's listening to our issues and

00:07:44.120 our challenges, and hopefully they'll figure out a way to resolve it if we trust, which

00:07:47.880 in a sense like this, we would, because we're dealing with a mother that's got a higher trusting

00:07:52.160 rate than the rest.

00:07:54.440 Next, they ask a lot of questions, point number nine, you know, when a kid comes home from

00:07:58.420 school, practice again.

00:07:59.760 Pick up the high school, what did you learn today?

00:08:01.140 What happened here?

00:08:01.700 What did that guy say?

00:08:02.400 What did that girl say? 1.00

00:08:03.060 What's that girl's name? 1.00

00:08:03.720 What does that girl do? 1.00

00:08:04.700 Who's best friend?

00:08:05.180 Who's your best friend?

00:08:05.860 Who did you, is that girl saying, are you hanging out with that guy? 0.99

00:08:08.060 What's Bobby doing?

00:08:08.740 What's the, they want to know everything, right?

00:08:10.680 Because think about it right now, you're like, oh my God, my mom asked me all the questions

00:08:13.280 and I drive home and I can, you know, I know what she's trying to ask me.

00:08:16.280 They're trying to figure out clues, right?

00:08:18.260 So why is she hanging out? 0.92

00:08:20.460 When I picked her up, she was talking to this guy.

00:08:22.480 So tell me about that guy.

00:08:23.460 Oh, so that was so, I like your friend.

00:08:25.480 She was talking to that other guy and that other guy's a senior and his daughter's, her

00:08:28.700 daughter's, let's just say, freshman.

00:08:30.140 I noticed you were talking, is that the football player?

00:08:32.280 Yeah, is he the quarterback?

00:08:33.400 Good looking guy.

00:08:34.340 Tell me about him.

00:08:35.000 How many times you guys hang out, mom's trying to find out if there's anything going on with

00:08:38.520 that quarterback and a daughter.

00:08:39.560 However, it's the same exact thing in sales or in business, a mother's asking questions 0.72

00:08:44.800 to get to the issue of resolving to see if this may be a problem that they have to overcome

00:08:49.440 later on when it comes down to asking for a check or asking for the sale.

00:08:53.020 Well, I'm going to resolve this right now is what I need to do when it comes down to

00:08:56.660 asking questions.

00:08:57.540 No matter what happens, office situations, environment, leadership, it all comes down to

00:09:01.640 the questions you're asking the people you're dealing with.

00:09:03.960 So mothers, because they ask very good questions, they also make very, very good negotiators,

00:09:08.120 which goes point number 10.

00:09:10.680 They make very, very good negotiators.

00:09:12.480 They negotiate with their kids.

00:09:13.420 They negotiate with their husbands.

00:09:14.780 They have to get the husbands to be willing to pay for something. 1.00

00:09:17.200 They have to be getting the families to settle and come together.

00:09:20.280 They have to be willing to put a birthday party where the in-laws don't want to get together 1.00

00:09:23.640 with the other in-laws and there's negotiation going on with the in-laws and she's in the

00:09:26.820 middle trying to get both parties to work together.

00:09:28.640 There is so much negotiation going on with mothers that, you know, it's just, there's a lot

00:09:33.720 of skills that you have that there's not a, you know, price tag to put on there because

00:09:38.600 you didn't go to university and learn this for $200,000.

00:09:41.580 It's the life university that mothers go through. 0.98

00:09:44.120 But you got to use those skills.

00:09:46.340 You got to use those skills for business to see the results on it.

00:09:49.660 Point number 11.

00:09:51.600 They are superior multitaskers.

00:09:53.640 This is not a debate here to say whether multitasking is real or not.

00:09:57.780 I've done a video on that.

00:09:58.700 You want to go debate that?

00:09:59.600 Go watch that video.

00:10:00.960 Mothers are better multitaskers. 1.00

00:10:02.680 They hold a baby, they cook, and they talk to the husband simultaneously.

00:10:07.000 Three actions going on at the same time.

00:10:08.780 They are better multitaskers.

00:10:10.920 And sometimes in business, you're going to be doing multitasking quite a lot.

00:10:14.600 Number 12.

00:10:15.260 Better problem solvers.

00:10:17.220 They solve problems very well.

00:10:18.640 Again, the practice they get on solving problems is on who?

00:10:22.140 Kids.

00:10:22.980 It's constant problems that they're facing with kids.

00:10:26.020 So they have to become better problem solvers because they're getting practice nonstop with

00:10:29.900 their kids already.

00:10:31.320 Number 13.

00:10:32.200 Tolerance for pain.

00:10:33.780 Tolerance for pain.

00:10:34.580 I have to write this down because my wife's at two care and she has one on the way.

00:10:39.900 And I've been part of both of those deliveries.

00:10:42.220 And I see some of the things mothers go through.

00:10:46.920 Your tolerance for pain is unreal.

00:10:50.620 There's a reason why you were chosen to be a mother, a woman.

00:10:54.980 You know, if you have a child, there's a reason you are where you are with that.

00:10:59.780 You got to know there's a reason for that.

00:11:01.340 And so your tolerance for pain, when it comes down to business, I once heard a lady who 1.00

00:11:07.020 owned a business and raised kids.

00:11:09.400 And she started a startup and she lost a couple startups and one of them worked.

00:11:12.560 She said, the closest thing a man will ever experience to giving birth to a baby is starting

00:11:18.060 a company.

00:11:18.800 It's the closest thing you'll ever experience.

00:11:21.040 And I sat there and said, that's pretty interesting because it's very painful to start a business

00:11:24.340 sometimes because you're going through having to learn so much all at the same time.

00:11:27.900 But because mothers have a tolerance for pain, if they're able to channel that into business, 1.00

00:11:32.480 they can leverage that into, use that as an upper hand for themselves as well.

00:11:36.060 Point number 14 is event planning.

00:11:40.480 You're generally better event planners, weddings, birthdays.

00:11:43.600 You have so much practice doing that, that most of you have so much practice doing that,

00:11:49.360 that when it comes down to business events, putting events together for business, you have

00:11:54.180 an upper hand.

00:11:54.820 You have a very big upper hand and in business, it's all about putting nice events together,

00:11:59.820 networking, taking care of people, hosting good events.

00:12:03.040 You know, when you put good events with charities and, you know, whether it's profit or cigar

00:12:07.280 or wine or, you know, parties and all these types of things.

00:12:12.160 This is when people come and who hosted this event, such and such.

00:12:15.220 She put the event together, then everybody goes through her as a referral source.

00:12:18.380 You have 200 cards.

00:12:19.560 You just got your better event planner and business that helps you out a lot when it comes down

00:12:23.720 to the business side.

00:12:24.880 And then the last one is mothers tend to unite people.

00:12:28.680 Okay?

00:12:28.880 Mothers bring kids together.

00:12:30.500 Mothers tend to bring families together. 0.99

00:12:32.440 Mothers tend to keep the siblings together. 1.00

00:12:34.940 Mothers tend to keep the son and the father close together. 0.99

00:12:37.980 Mothers tend to, you know, bring, when one of their kids is going through issues, relationship 1.00

00:12:44.440 with their spouse, they tend to want to keep them together.

00:12:47.100 They have a strength of unity and uniting people.

00:12:50.060 And that helps you in business because in business, say a vendor and you don't get along,

00:12:54.320 that you can bring it together and figure out a way to say, what are you not happy about?

00:12:57.360 What are you not happy about?

00:12:58.140 What is the number you want?

00:12:59.320 We can't pay over this.

00:13:00.340 What can we do about this?

00:13:01.220 Can we make this work?

00:13:02.280 We like you.

00:13:02.860 You like us.

00:13:03.360 We've been together for a while.

00:13:04.320 Why don't we just try to make this work?

00:13:05.820 Great.

00:13:06.160 You want our business, right?

00:13:07.200 Yes, we want you.

00:13:07.860 We've been together for 11 years.

00:13:09.300 Do we really want to make this relationship be sour over one simple sale that we don't agree over $1,000?

00:13:13.940 No.

00:13:14.720 Why don't we make it work?

00:13:15.640 What do we want?

00:13:16.220 So unite.

00:13:16.880 There's a strength in doing that.

00:13:18.180 So you got 15 things.

00:13:19.800 But I could tell you one thing here.

00:13:21.280 You know, mothers that I do business with and I see their strengths in business, they're

00:13:25.000 incredible because they have certain skill sets that others don't have and I need to

00:13:29.000 bring it out in them and show it to them that you have this ability already.

00:13:33.040 Let's put it to use.

00:13:34.220 You've been doing this for the last nine years with your three kids.

00:13:36.900 Let's put this to use.

00:13:38.140 You've been using these things for the last 17 years.

00:13:40.600 You already know how to do this.

00:13:42.100 Why aren't you doing this in business?

00:13:43.940 Let's put that to you.

00:13:45.060 So on behalf of all the mothers that also follow Valuetainment and I get lots of nice

00:13:49.880 messages from you and we did a survey the other day.

00:13:53.060 I listened to a lot of the comments that the mother sent on the survey that we did and

00:13:56.940 we definitely want to let you know that I'm thankful for you as well.

00:14:01.060 I am who I am as well because I had a single mother that raised me at some period as well

00:14:05.240 and there's some impact that was made on my life.

00:14:07.660 Tremendous impact that was made on my life.

00:14:09.180 I want to give some love to all the mothers out there who are entrepreneurs. 0.98

00:14:13.240 Go out there and use your strengths to your advantage so you can succeed as an entrepreneur

00:14:18.060 as well.

00:14:19.400 Thanks everybody for listening and by the way, if you haven't already subscribed to

00:14:22.400 Valuetainment on iTunes, please do so.

00:14:25.260 Give us a five star, write a review if you haven't already and if you have any questions

00:14:29.160 for me that you may have, you can always find me on Snapchat, Instagram, Facebook or YouTube.

00:14:34.220 Just search my name, Patrick David and I actually do respond back when you snap me or send me

00:14:39.660 a message on Instagram.

00:14:41.120 With that being said, have a great day today.

00:14:42.840 Take care everybody.

00:14:43.400 Bye-bye.

Valuetainment - September 11, 2018

Episode 168： 14 Reasons Why Moms Make Great Entrepreneurs

Episode Stats

Summary

Transcript