Growing up, Eric Dunavant’s family faced an unexpected tragedy and lost the family business. This loss fueled Eric’s passion for empowering families to live a better story through intentionality. Eric’s leadership of Paradiem has guided numerous families to create Intentional Transformation by discovering their Greatness, Growth, Governance and Generosity.
Entrepreneurial Role Models:
- Eric’s Father
- Michael E. Gerber
- Robert Kiyosaki
When business started difficulties overcame:
“later because of some of the ways my dad was pursuing his business led to his bankruptcy in business because of her medical bills and some other debt that he had accumulated in his business. And so as much as I desired to be an entrepreneur watching that failure and watching how that had transpired for him, I think made me nervous at times and a little bit scared to step out on my own. Because was I going to be successful? Watching that failure was certainly something that stayed with me and kind of haunted me as I thought about it…”…[Listen for More]
Favourite Books:
- Rich Dad’s CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom Book by Robert T. Kiyosaki
- The Infinite Game: How Great Businesses Achieve Long-lasting Success Book by Simon Sinek
Also mentioned:
- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Book By Robert T. Kiyosaki
- E-myth: Why Most Businesses Don’t Work and What to Do About it by Michael E. Gerber
The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It Book by Michael E. Gerber
Favourite Quote:
“Culture eats strategy for breakfast” Peter Drucker
Recommended Online Resources:
- Audible – Explore the world’s largest selection of audiobook titles by best selling authors
- Podcasts on Business and Successful Entrepreneurs
Best Advice to Other Entrepreneurs:
“being an entrepreneur is a bumpy journey and even when it looks like things are down things are probably much higher than you realise they are. What I’ve experienced in my entrepreneurial journey is that most entrepreneurs go through waves of success. Meaning that they start out they have success and they go up and then there is a temporary setback before they enter the next wave of success. And its often times in that setback where you feel like things are not working and you are not going that well and begin to really doubt yourself or you really begin to have uncertainty. In that uncertainty and in that doubt, I would almost say I’ve talked to entrepreneurs who said I’m just going to stop, I’m just going to quit. And what they don’t realise is how far they’ve come. And then they make the next level up and they get some relief and then they go through that again. It cycles over and over and over again. But every single setback setting the journey for the next wave higher. And each time you reach another setback I have also found that most entrepreneurs are much more successful than they were the last setback. And so they don’t realise the setback what it is which is why the setback is your setup for your next opportunity”…[Listen for More]
More About Eric Dunavant:
Neil’s Quote at the Beginning:
“Only the paranoid survive.” Andy Grove
Other Quotes From the Chat with Eric Dunavant:
- “the biggest thing that I know now that I didn’t realise then is how valuable and strong my employees are and how capable they are”
- “I think many times as entrepreneurs what we try and do is we try and beat Superman; we try and do everything. And we hire people around us but we are so slow to delegate, we are so slow to turn things over to them”
- “Culture is so important with actually got it written on a document that we have. We have a culture map. So, in our interviews we present that culture to anyone that we are interviewing and ask them how they’ve lived out that culture in their life and how much that applies to them. When we hire we hire based on match to culture…”
- “One of the number one secret to success is contentment. Because so many times the beauty of what is going on around us is the most incredible thing that’s happening”
- “it’s really about creating a library of learning around you wherever you can go… We have so much downtime that we don’t realise we have, whether we are out for a run or out for a walk or simply sitting in our car. I don’t often listen to music more time is tried to be spent learning and consuming ”
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