So I decided to do a personal interview today and it’s about me opening up about how I’ve been feeling lately.
It’s been pretty difficult to be honest. And that feeling of being used and abused.
And I know that so many entrepreneurs are in that weird place at the moment of wondering how much value they should be giving away just to win work.
And they’re realising now that so much of their time is giving away for free and it’s just not sustainable.
So if you’re suffering with us too, and this episode’s for you, I really open up about how I’ve been feeling about it all lately and how you can navigate the ultimately greedy world that’s out there and run your business profitably without saying no to absolutely everyone.
Hello and welcome to Sniffing Out the Bullshit, a podcast for ambitious entrepreneurs who want help wading their way through the bullshit jungle of entrepreneurship and then the tools, skills, and mindsets that are actually required for success. I’m your host, Sabrina Chevannes, the No Bullshit entrepreneur.
I should probably start with why I’ve decided to do an episode on this topic in the 1st place.
Well, I’ve been feeling a little exploited lately.
Let’s just say that now.
I’ve always had people drop into my DMS and ask for something.
This is never going to change, right?
There’ll always be people who’ll try and get things for free.
We’re in an economic crisis at the moment, for God’s sake. So it’s gone even worse. And you know, for those who Reggie follow my content, you’ll know that I’m constantly highlighting the bullshit around those who just show off about money and act like they’re smashing it, making others around them feel inadequate, like they’re doing something wrong.
And the reality is that lots of people are struggling right now, but they don’t want to admit it for obvious reasons.
So the desperation is at an all time high. And so it makes complete sense that I’ve lots of people asking for free help.
So it’s not just that I’m know that as someone with a fairly visible personal brand, I’m going to get a lot of unwanted messages.
That’s pretty standard. But the bit that’s been upsetting me of late is that the connections that I had that I thought were real are the ones doing it now.
Let me give you some context because I’ve been building knobs now, my entrepreneur members club, for just over a year.
And it’s supposed to be all about genuine connection. After all, knobs equals no bullshit, right?
And that’s why I’ve got this whole sniffing like the bullshit a podcast and the No Bullshit Talks podcast, the no bullshit agency.
It all comes from the no bullshit.
And the entire point is to philtre out the bullshit and find people who want to make genuine connections and not just be all about the selling.
And I’ve been very particular about who I invite to these events and whose applications I process.
For example, we’ve only taken in about 8% of the applications we’ve received.
The problem is, some people are very good at bullshitting, so much so that this bullshit detector right here can’t even deduce anything from them.
And so I’ve been running many events, like lots of them which are at are like dinners at fancy restaurants, I mean Michelin star restaurants where you have to pay ahead for guests.
So you pay a fair amount per person, you have service charges, all that kind of stuff added on.
So when the guests then don’t bother turning up or paying for their meals, it’s just kind of rude.
Not only is it a business expense that’s gone it, it’s bad on the restaurant who prepared food that goes to waste.
It’s bad on the other guests who are there prepared to turn up and they’re not even going to get the full experience.
It’s just all around not how you do business. So did you know what? I find it really hard because chasing people for money is so awkward.
And when people turn around and say to you, oh, I’ll pay soon, you, you just believe them, obviously.
But then when they ghost you and they don’t ever pay, it’s just horrible.
And it’s one thing not turning up and ghosting, you’re not paying.
But so many people have actually turned up eating the meal and still not paid.
And what what can I actually do about these situations? I mean, do I stand at the door with a point of sale and demand money before they come in?
Some people probably be like, yes, that’s exactly what you do.
But the problem is I also want to treat people with respect.
I want to provide a quality premium atmosphere.
And that sort of behaviour feels kind of transactional to me because it shouldn’t be about the money, it should be about the experience and the relationship.
So good quality people would never attend and not pay.
It usually can be easily sorted out afterwards.
And after all, if I’ve been doing my vetting properly, I shouldn’t be inviting people who do that kind of sort of thing, right?
So unfortunately it’s on me and unfortunately this has happened many times. So it’s my fault.
And the worst part maybe is that they are also doing business with other people they met at this dinner. Because I didn’t part my job properly.
I brought good people together, quality people who I thought would work well together, but it wasn’t Quality or Van because they have that attitude, which I don’t like.
And what Amayza did, how the person they’re doing business with, but they didn’t pay for the meal.
Of course I’m not going to do that. So it’s just really an awkward situation.
But at the end of the day, these people loved the idea of a free meal with good company and a Michelin star restaurant, but weren’t actually interested in putting any time and effort to getting to know others or contributing to a community.
And likewise, they were happy to come to an event in the Shard and meet some premium partners that we deal with and these amazing brands that offer them discounts off the things that they’re using and and give them great business advice. But they weren’t interested in paying for the luxury of having that regularly, as instead they preferred to hop around and do that with different providers for free everywhere they go.
Now I know, but the long run, these people won’t do well in business. Well, I’d like to hope that they won’t anyway. And you know, it’s hard to keep the faith at the moment when you’re keep seeing these dishonest people do well.
But business is all about long term relationships. And if you take, take, take, then people won’t won’t want to keep doing business with you, will they?
But at the same time, it just makes you feel a little bit crappy inside because you start to wonder whether what you’re doing is even worth doing. Because if people don’t want to pay for it, then is it just worthless?
And this is what was going through my head and it made me feel like, should I even bother in doing this anymore? Like, what’s the point?