Why 99% Fail at Entrepreneurship (And What the 1% Do Differently) – Andy Tanner, Bob Lachance

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What separates the entrepreneurs who win from the 99% who burn out? In this episode of the Cashflow Academy podcast, Andy Tanner sits down with longtime friend and business builder Bob Lachance to talk real entrepreneurship—no fluff. From pro hockey to full-time investor and founder of a virtual assistant staffing company, Bob shares the raw truth about what it actually takes to succeed in business today.

They break down how athletic grit translates to business success, why most people never make it out of the 9-to-5 grind, and how to shift from being stuck “in the business” to finally owning a system that runs without you. Bob also pulls back the curtain on how he's scaled multiple companies using trained virtual assistants, and how any entrepreneur—new or seasoned—can start leveraging this kind of help now.

Whether you're stuck overanalyzing your next move, or already running and trying to scale, this conversation gives you the mindset and tactical tools to take that next step.

00:00 Introduction and Guest Welcome
00:49 Bob Lachance's Hockey Journey
03:44 Transition to Real Estate
05:47 Entrepreneurial Spirit and Toughness
12:35 Learning Through Experience
19:18 Understanding Weaknesses and Building a Team
20:01 Transitioning from Technician to Business Owner
22:31 The Importance of Documentation
25:00 The Role of Virtual Assistants in Business
30:13 Leveraging Other People's Energy (OPE)
34:21 Scaling Your Business with Virtual Assistants
38:05 Motivational Speech for Aspiring Entrepreneurs
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.

The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.