049: Paul Michael Raspa, Jr. | The Power of Knowing Your "Why"
In this episode, Paul Michael Raspa Jr., a Fractional CEO, shares his journey from ministry to entrepreneurship and discusses his approach to crisis management and business planning. He highlights the importance of confidence, clarity, and emotional nurturing in business, and dives into mental state, mentorship, and vulnerability in entrepreneurship. The conversation also explores the role of desired outcomes and personal trauma in business planning, charities' overhead, different classes, and entrepreneurs' role. Paul also shares his personal giving story with The Make Money Matter Foundation.
Key Points
- [00:00 – 13:03] The Venture of Amplifying Others
- Paul's journey to entrepreneurship started when he was a teenager.
- Paul has worked in different industries and has held various roles.
- Paul has done some crazy things, such as planning events for celebrities and running big events.
- Paul knows how to help people shine brighter and beacons and help them do even better in their business or work.
- [13:03 - 25:28] Confidence, Clarity, and Preparation for Business Owners
- Confidence and clarity are the two pillars that are important for business owners.
- Daily rituals and routines are critical to having the clarity that business owners need in their businesses.
- Soft skills, such as emotional nurturing, are essential for business owners to have clarity in their businesses.
- Clarity comes not just from having a vision of where you are headed but, more importantly, why you are heading there.
- Entrepreneur's biggest challenge is being clear about their intent or motive for getting to point A.
- The lack of clarity in the intent or motive for getting to point A can result in business owners being derailed.
- [30:37 - 53:30] Having a Clear Destination
- Before diving into tactics, it's important to be clear on desired outcomes.
- Articulating desired outcomes can help guide decisions and prevent wasted time, energy, and money.
- Having too many initiatives can lead to inefficiencies, and it's important to focus on key outcomes
- Working towards key outcomes is the most important way to achieve success.
- [53:30 - 59:41] Quick Questions
- Brag about a charity you like: Make My Money Matter Foundation
- What would get you more excited? Donating a $1 million check or spending a week physically helping others: Even though Paul finds it more heartwarming to help others, he considers giving a million-dollar check more impactful.
- Who inspires you with their giving? Paul’s daughter.
- Do you entrepreneurs should start including a giving component in their business from day one, or wait until they've seen some success and have some money in the bank: For Paul, it is a philosophical choice. He prefers to give from day one, even if it is a tiny amount. It is ideal to donate from day one as it makes giving a commitment.
- What is the first thing that you think of when you hear Go Big to Give Big: “When Paul hears the phrase "Go Big to Give Big," the first thing that comes to mind is the idea that everyone has the opportunity to play small or to play big in life.
- In one word, describe the feeling you get when you give: Humility
- Do you believe that money can buy you happiness: "No. I think that it can show you pathways to happiness.”
- [59:41 – 01:00:20] Closing Segment
- Reach out to Paul
- See the links below
- Final words
Welcome to the "Go Big to Give Big" podcast with Randy Molland and Steve Arneson! In this episode, we are talking about the power of knowing your why with Paul Michael Raspa, Jr. Paul is a serial entrepreneur with more than 30 years of executive leadership, business operations, and technology management expertise. A coach and mentor for nearly 35 years, he leads multiple masterminds, professional development, and personal development groups. He is currently focused on launching a technology platform and an authority marketing agency. Paul is the secret weapon behind multiple startups as well as an advisor to numerous purpose-driven serial entrepreneurs. He is known for solving messy problems with elegant and practical solutions. He lives soul out with his wife and daughter in Austin, Texas. In the rare moments when not building businesses, you will find him on a trail hiking, road-tripping, or cheering for a soccer team.
In this episode, Paul discusses the importance of having confidence and clarity in business. He emphasizes the need for entrepreneurs to take care of themselves to have the best chance of success and plan ahead to prevent issues from arising. Additionally, he talks about the importance of understanding why one is heading in a certain direction and how starting with the end in mind will help entrepreneurs make decisions geared towards achieving their desired outcome. He also shares his views on the differences between visionaries and integrators and how they can work together to maximize success.
Join us for a conversation on how entrepreneurs can build confidence and clarity to find long-term success! Tweetable Quotes
" When you have a clear destination and a clear reason why you're going there, nothing can stop you.” – Paul Michael Raspa, Jr.
Connect with Paul by following him on Instagram, Twitter, and LinkedIn or by checking out his webpage at https://paulraspa.com/
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Transcript
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