In this episode of The Exceptional Business Podcast, we dive deep into the mental challenges of buying and running a small business with the insightful and energetic Tato Corcoran. Tato, a dynamic entrepreneur with a background in real estate and small business, shares her journey from being an executive assistant to owning a business in the manufacturing and construction industry. Her experience, especially during the tumultuous times of COVID-19, provides a wealth of knowledge for anyone looking to embark on a similar path.
The Unseen Challenges of Business Ownership
Tato opens up about the initial shock and awe of stepping into the world of business ownership. From dealing with daily chaos to managing a team, she candidly shares how she navigated the unknown. Her story is a testament to the fact that no amount of preparation can fully equip you for the realities of running a business. Instead, it’s about adapting, learning, and showing up every single day, no matter how daunting it may seem.
Tools for Mental Resilience
One of the key takeaways from our conversation is the importance of maintaining a strong mental game. We discuss practical strategies like the “worst-case scenario” exercise, which helps in gaining perspective and reducing anxiety. By mapping out the worst possible outcomes, Tato found clarity and a sense of control amidst the chaos. This exercise is invaluable for anyone in the throes of business acquisition, as it highlights that most fears are manageable and often less severe than initially perceived.
Building a Supportive Network
Another crucial element we explore is the power of having a supportive tribe. Whether it’s mentors, fellow entrepreneurs, or a supportive spouse, having people who understand and encourage you can make all the difference. Tato emphasizes the importance of surrounding yourself with individuals who have walked a similar path and can offer guidance and perspective when things get tough.
Balancing Act: Family and Business
Balancing personal life with business demands is a challenge many entrepreneurs face. Tato shares her unique perspective on balance, highlighting that it looks different for everyone. For her, having a partner who is also an entrepreneur has been both grounding and a source of strength. We discuss how crucial it is to have a partner who supports your entrepreneurial journey, as it can significantly impact your success and mental well-being.
Final Thoughts
Tato’s journey is a powerful reminder that while business ownership is fraught with challenges, it’s also filled with opportunities for growth and learning. Her advice is simple yet profound: show up every day, even when it hurts, and you’ll find yourself on the other side.
If you’re considering buying a business or are already in the thick of it, this episode is a must-listen. Gain valuable insights and practical advice to strengthen your mental game and navigate the complexities of entrepreneurship. Tune in to hear more from Tato Corcoran and discover how to thrive in the world of small business acquisition.
AND MORE TOPICS COVERED IN THE FULL INTERVIEW!!!
If you want to know more about Tato Corcoran, you may reach out to her at:
- Website: https://www.brandtmarble.com/
- LinkedIn: https://www.linkedin.com/in/tatocorcoran/
- Email:
ta*******@gm***.com
Connect with Chris Seegers: https://exceptionalcos.com/
Other Resources:
Books: Selling Main Street by Chris Seegers
