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If you've ever wondered what toll building a business takes on you as a human being, this eye-opening conversation with serial entrepreneur Elliot Kallen will hit home. After founding and selling multiple successful companies, including financial firms that managed over a billion dollars in assets, Elliot doesn't sugarcoat the profound personal impact of the entrepreneurial journey.
"You cannot be a great CEO right now and be a great parent and a husband at this very minute," Elliot reveals, challenging the harmful "you can have it all" narrative that sets founders up for failure. He breaks down the entrepreneurial journey into three distinct phases—startup hustle, growth momentum, and mature decision-making—each bringing unique challenges to personal relationships and wellbeing.
The conversation dives deep into the physical toll of founder life, from unhealthy eating habits to sleep deprivation, and explores how these patterns can lead to serious health consequences. As Elliot candidly shares, "having a heart attack at 52 is not a good example." His hard-earned wisdom includes practical advice about understanding your cash flow, knowing your strengths, and the importance of hiring for your weaknesses rather than trying to fix them yourself.
Perhaps most powerful is Elliot's journey through personal tragedy. After losing his son to suicide, he channeled his entrepreneurial energy into creating A Brighter Day, a foundation providing mental health resources for teens and their families. This transformation of grief into purpose demonstrates how the skills we develop as entrepreneurs can create meaningful impact beyond business success.
Whether you're just starting your entrepreneurial journey or leading an established company, this conversation offers invaluable perspective on maintaining your humanity while building something extraordinary. Subscribe now and join us for more authentic discussions about the real challenges of scaling with people.