The year was 2010. The iPhone was still relatively new. Facebook had recently upset MySpace as the most popular social media platform. Entrepreneurship as a thing was just starting to become vogue.
I remember sitting in class and hearing my professor announce that a real-life entrepreneur was going to come and sharing his experience starting and growing a company. I really wasn’t sure what to expect.
This whole entrepreneurship thing was pretty new to me. But Roy did more than just share about how he identified his first opportunity and worked hard to turn it into what it is now. He inspired me to do the same. That’s when the whole world of entrepreneurship opened up in front of me. The good, the bad, and the ugly.
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Roy now serves as the chief operating officer of a fight promotion company in Southern California that he has sold three times. Yes, he has sold his company three times. But that’s only half of the reason I asked him to share his story.
Success at work is one thing, success at home is another. After being married to his wife, Nancy, for 47 years, and raising two children together, Roy is no stranger to the challenge of balancing a career and family. He’s here today to share with us the unfiltered truth about what it’s like to be both a businessman, and a husband, and father.
[0:00] Flashback to 2010: Philip’s first encounter with a real-life entrepreneur
[0:50] Why Roy Englebrecht caught Philip’s attention (and why Philip’s invited him to be our first guest)
[1:53] What’s the cost of juggling work and family? The big question behind Home for Dinner
[2:14 ] The “second spouse” of business-owners: Roy shares what life’s really like for families of entrepreneurs
[4:32] Moving away from the “micromanagement mindset.” What Roy learned after his family became his employees (and why Philip’s taking notes!)
[9:18] Roy’s advice: “Once you hire your child, it’s hard to fire your child.”
[10:52] Roy and Philip talk Fight Club OC, Battle in the Ballroom, and how Roy ended up in the fight-promotion business for 31 years
[12:34] Roy answers the question we’re all wondering: how does someone sell their company three times?
[16:18] “Being entrepreneurial” means “seeing something before anybody else does and taking advantage of it.” What Roy says you can do to become a successful entrepreneur
[17:46] Philip and Roy talk timing: when is the right time to sell your business?
[20:16] A coming-to-Jesus moment: what Roy credits to be the foundation that keeps families together
[24:38] The red flags Roy looks for at work (and what he says many entrepreneurs get wrong about making money)
[27:36] And the red flags Roy looks for getting off track at home
[29:10] Roy’s advice to married couples in entrepreneur-families on how to stay on-track
[33:41] The two books Roy would recommend to any entrepreneur
[35:16] How Roy defines success–both at work and at home
Special Thanks for Shelbyville Pharmacy
for Sponsoring Season 1 of Home For Dinner. Check out their website
, or see what’s happening on Facebook!
Read Full Transcript
Philip Devine: Roy Englebrecht and I met in a freshman level class in college. Of course, I should probably clarify something. I was a student and he was the guest lecturer.
Philip Devine: The year was 2010. The iPhone was still relatively new. Facebook had recently upset MySpace as the most popular social media platform. Entrepreneurship as a thing was just starting to become vogue. I remember sitting in class and hearing my professor announce that a real-life entrepreneur was going to come and sharing his experience starting and growing a company. I really wasn’t sure what to expect. This whole entrepreneurship thing was pretty new to me. But Roy did more than just share about how he identified his first opportunity and worked hard to turn it into what it is now. He inspired me to do the same. That’s when the whole world of entrepreneurship opened up in front of me. The good, the bad, and the ugly.
Philip Devine: Roy now serves as the chief operating officer of a fight promotion company in Southern California that he has sold three times. Yes, he has sold his company three times. But that’s only half of the reason I asked him to share his story. Success at work is one thing, success at home is another. After being married to his wife, Nancy, for 47 years, and raising two children together, Roy is no stranger to the challenge of balancing a career and family. He’s here today to share with us the unfiltered truth about what it’s like to be both a businessman, and a husband, and father. That’s the question. Can you be a successful entrepreneur and still have a healthy, growing family life? Welcome to Home For Dinner, a series focused on exploring that very question. Maybe you can have it all. Or maybe not.
Roy Englebrecht: I don’t wanna say being a entrepreneur, that I’ve done it without sacrificing my family. Anytime you’re an entrepreneur, you’re kind of a [inaudible 00:02:26] type person, and you’re not working a 40 hour week job, where at five o’clock on a Friday, you don’t have to think about it until Monday morning ’til you get to the office. There is, I think, families of entrepreneurs, and especially spouses, do suffer some, and maybe suffer’s a little too harsh. They almost have a second spouse, that’s the husband or the wife’s business, because it’s a very, very tough economy. It’s a doggie dog out there, so you have to devote the time. A lot of time a spouse doesn’t realize why you can’t be home like their friend’s husbands who teach school, or work for a company, or work for AT&T, and they work a 40 hour week. You have to really work hard at maintaining a balance.
Roy Englebrecht: Also, not only does your spouse suffer, but your children do, because you may not be able to make some of their games, or be home as much as you would like to spend time with them. There is a thing about quality time. I always used to hear, “Well, it’s a quantity, quantity, quantity.” No, being home and not bothering your kids, is not very good. I’d rather spend some real quality time with them, if you have that.
Roy Englebrecht: With that said, I wanna be honest. There is some suffering involved in being an entrepreneur, as far as your family life.
Philip Devine: I’m glad you shared that, because the premise of this whole project, Home For Dinner, is not so much that I know the answer if you can, but it’s really to find out from successful entrepreneurs like yourself, can you do that, or if you do, what is the real cost. Can you spend some time telling us about your family right now? How long you’ve been married and that kind of stuff.
Roy Englebrecht: Right. Nancy and I celebrated our 47th wedding anniversary last August 28th.
Philip Devine: That’s fantastic.
Roy Englebrecht: I have a great wife. She was a schoolteacher by education, but really had a 31 year career in real estate here in Orange County. She had her own career. Fortunately, I married someone who did not just stay home, complaining, or being mad because I wasn’t home. She had her group of friends, and she did things on that. I have two children. I have a daughter, Alison, who’s 42, and a son, Drew, who’s 38. Drew has worked for me for the last … I think this is his ninth year.
Roy Englebrecht: Nancy, my wife, did help a little bit in the business, but to me that’s … marriage is tough enough, to have your wife working for you could make it even tougher. So Nancy decided a long, long time ago that she really didn’t wanna work for me. That was a smart move. Drew working for me has been a challenge early on. Then I talked to a number of people about fathers and sons working together and almost [inaudible 00:06:04] they all said, “99% of the time it doesn’t end well on that.” Especially if you’re an entrepreneur, and I am, and I’m a guy that likes to, again, to shoot, ready, aim, try new things. You have to make sure that your son or daughter who’s working for you has that same vision.
Roy Englebrecht: A lot of entrepreneurs, Philip, will micromanage, and that’s not the best thing when you work with a son or daughter, because you never give them the freedom to really do their own thing or show their father what they can do, because you’re really micromanaging everything. Entrepreneurs do that because this is their baby. The business that they started, they started from their bedroom, sitting on the bed, at a desk on that. So they’re very … what do I wanna say … they’re very parochial in their thinking. This is their baby, how can anybody know how to run it, because I started it, I launched it.
Roy Englebrecht: It’s only when an entrepreneur decides to move away from that narrow micromanaging mindset, and let their employees, especially their son or daughter, spread their wings, does it work well. It took me almost seven years, the nine years to discover that. When I did give my son, and let him know that I had confidence in him, and that I did respect his ideas coming from another generation, did he really blossom, and a smile came on his face, and it was fun for him to come into the office. Because it certainly is a challenge working with your son or your daughter.
Philip Devine: We have, now, we have four little kids. Our oldest one is eight, her name is Jocelyn. She likes to ask me, “Papa, when I get older, can I work with you?” So as you’re sharing your experience with your son, and from your other peers that you’ve spoken with about working with children, or even your spouse, I’m taking notes. Because that’s a relationship I wanna preserve.
Roy Englebrecht: If you’re on the same page, if … my daughter is just like me, and she’s a real risk taker, so she would’ve been … I might not have had the seven years of heartache. Drew was wired 180 degrees different. His talents are different than mine. So that’s why we butted heads a lot. I’ve seen a lot of father and sons that have just not ended well at all, and I’ve seen a few that they’re really a team, because they think exactly alike. That’s important. And you’ll only discover that maybe as your children get older and in high school, and they’ve chartered a course of interests, whether they’re really like you, whether they’re very competitive, whether they’re more into music or they’re more into graphics/creativity. They’re using their right side brain, your left side brain. Only when you discover that do you know if it’s gonna work.
Roy Englebrecht: Sometimes your child just needs a job, so you, as a parent, wanna help ’em out. That’s the worst thing, because you’re really hiring a person, not because of their abilities, because, oh it’s your kid and you gotta, hey look, maybe he has to pay his bills, so yeah, hire him. Remember, Philip, once you hire your child, it’s very hard to fire your child, because if you think you had problems while they’re working for you, just think if you had to fire ’em.
Philip Devine: Oh my goodness.
Roy Englebrecht: How that’s gonna be for the rest of your life. Those are challenges that need to be faced before you decide, I wanna train my kid, I want ’em to take over my business. They might only want to accept your offer because, hey, how hard can it be to work for my dad, I can probably take off when I want, and hey, he’s paying me some pretty good money. All the wrong reasons you, as the owner of the company, may do these things.
Philip Devine: Yeah, yeah. Okay. You are a successful entrepreneur, you’ve got the O.C. Fight Club, which you’ve been doing for how long again?
Roy Englebrecht: Fight Club O.C. has been … this is our eighth year. I’ve been in the fight for most of the business, 31 years. I’ve sold the company three times. The last time was June 15th, about seven months ago, which will probably be the last time I’ll sell the company. I’ve been in the fight promotions business for 31 years.
Philip Devine: How did you end up in the fight promotion business, and what are the circumstances that led up to you … give us a snapshot of what it took for you to get to where you are now. You’ve mentioned you’ve sold the company three times. I gotta be honest, I don’t know what that means. How do you sell it more than once?
Roy Englebrecht: The reason I sold it three times is, I got into a business that other people want, and there’s not a lot of competition. I got into the fight promotions business only because, again, having that entrepreneurial eye and ear, seeing something before anybody else does, and taking advantage of it. I realized 31, 32 years ago, the boxing business, there are only like seven licensed boxing promoters in the state of California back in the ’80s. Out of the seven, probably six were dishonest people in this sport. I said, “I like the competition. You mean I only have to compete against six, or seven, or eight other people? And six of them I don’t respect very much.” So I said, “I can do that.”
Roy Englebrecht: We got into it, and I had an idea again, thinking outside the box, and being entrepreneurial, doing something before anybody else does. I said, “Why don’t we do this show in a upscale ballroom, here in Newport Beach.” Irvine had never been done before. 35 years ago, boxing wasn’t done in hotel ballrooms, an upscale yuppie boxing. I did that, and it took off. We’ve been doing it ever since, around the country and in other locations.
Roy Englebrecht: When I did my Irvine Marriott Battle in the Ballroom show, a guy came to me one day and said, “Are you interested in selling the business?” He was always was a big fight fan. He didn’t have the money, but he had a friend who had a lot of money. He was looking for a job, so he had his rich friend buy my company, even though it wasn’t for sale, but I don’t know how you price it. I just came up with a figure out of the air. You’re picking a figure out of the air, six figures, a good six figures, and this guy said, “Sure.” Gave me the cash, and a year later the rich guy called me and said, “The guy I hired, I don’t know if I’m making any money. He won’t let me see the checkbook or anything.” I said, “Ted, it’s your company. He works for you.” But this rich guy didn’t have many friends, his only friend was this other guy.
Roy Englebrecht: Anyway, three months after they called me and said, “Roy, I fired Jim. Would you want your company back?” I said, “Well you’ve injured the company. Your guy did some things I would’ve never have done so it’s not worth as much. I’ll buy it back for 10 cents on the dollar.” He just wanted to get out, because he had another company. So I got it back again for a few dollars, and triggered right back to the top.
Roy Englebrecht: Then 10, 15 years later, Oscar De La Hoya was the world champ and still fighting, the number one fighter. He wanted to think about getting in business after he retires. They approached me, his people, and said, “We’ve checked out, you’re the only one fight promoter that’s making money, that’s honest, that no one speaks bad of you. Would you be interested in selling?” Again, at that time, we were having great … our business had never been better. But you don’t say no to Oscar De La Hoya and their money, because he could go across the street and start another show, and be in competition, and he had a lot more money than me.
Roy Englebrecht: So I sold it to Oscar, and we formed Golden Boy Promotions, and I signed a guaranteed, free of contract, to be the COO. After three years I didn’t wanna drive to L.A. from Newport Beach every day, so I said, “Oscar, I love you, but unless you move to Orange County, I can’t continue.” As my severance, he gave me back everything he had bought. Battle in the Ballroom show at the Irvine Marriott, some other shows, so I was a full time promoter again.
Roy Englebrecht: Then about a year and a half ago, an IPO was floated in New York. These guys raised about $12 million and formed Alliance MMA, the first publicly traded company on the New York Stock Exchange that was involved with mixed martial arts. Their business strategy was to buy regional promotions. They came to me, we were the largest, and they made a very good offer, roll up type deal, with cash and stock. June 15th of 2017, they acquired all my assets, and now I’m the co-general manager, along with my son, Drew, of … it’s now called, instead of Roy Englebrecht Promotions, and all the shows we do under that handle, it’s now SoCa Fights. S-O-C-A, Southern California.
Roy Englebrecht: That’s about it, because now I don’t own anything to sell anymore. I just am employed by Alliance MMA. It’s a very good deal, I am 72, there’s no reason to … I’m gonna spend another six, seven months, eight months, and then maybe, not walk away, but really lessen my workload, because it’s running pretty smooth.
Roy Englebrecht: Again, if you find something that not a lot of other people are doing, and the competition isn’t there, and you do it right with integrity, and an awareness of your bottom line, and leave your ego at the door, you can be successful. People buy successful entities. They buy great entities. There’s a lot of pizza parlors out there, but very few get sold because they’re just average. People don’t buy average businesses. People and companies wanna buy good or great businesses, and that’s what I’ve always strived to do, and we’ve done that. We’ve spent a little more money. We do things better than other club or minor league promoters do. That’s why we’ve sold it three times, because you wanna buy something that’s great, not just average.
Philip Devine: Stay with us. You’re listening to Home For Dinner.
Philip Devine: Hey everyone, a quick thanks to our sponsor, Jason Underwood, and the team at Shelbyville Pharmacy. When you walk into a pharmacy, you’re generally greeted with overpriced convenience items, magazine racks, all the gum in the world, and a liquor section. When I walked into Shelbyville Pharmacy for the first time, it struck me as odd that there was no magazine rack or endless choices of junk food, but rather a four foot section of wall dedicated to books, and not the small romance books or magazines you see people reading in airports.
Philip Devine: I had to ask Jason Underwood, the pharmacist and owner, why he had these books there, since they have nothing to do with the allergy medication that I’m perpetually out of. He told me that the collection of books are a reflection of what he values and enjoys. Books on holistic health that take into account mind, body, and soul. That’s why he has books on theology like, Making Sense of God by Tim Keller, Visual Theology by Tim Challies and Josh Byers, and Mere Christianity by C.S. Lewis.
Philip Devine: He also has books on hobbies that he and his team are personally interested in. Like casual bicycling, disc golf, and a rubix cube. That’s why he has titles like Just Ride by Grant Petersen, Bicycling Science by David Gordon Wilson, The Definitive Guide to Disc Golf by Justin Menickelli, and Rubix Cubes Best Algorithms by Daniel Ross.
Philip Devine: Of course, he has children’s books that his family has enjoyed, and that he has actually read to his kids. Titles like Dragons Love Tacos by Adam Ruben, Don’t Let the Pigeon Drive the Bus by Moe Willams, and The Book With No Pictures by B.J. Novak, a personal favorite of mine, by the way.
Philip Devine: All of these titles are books that have personally impacted Jason, and are available at Shelbyville Pharmacy. I’ll be honest, that section is one of my favorite things about the pharmacy. You can access all of the titles that I just mentioned in the show notes of this episode. So special thanks again to Jason Underwood and the team at Shelbyville Pharmacy for sponsoring this season. Make sure you take a minute to stop by and say hello. For more information on Jason Underwood and the team at Shelbyville Pharmacy, check out their website at www.shelbyvillepharmacy.com
Philip Devine: I’d say, by all counts, you are a successful entrepreneur. You’ve shared a little bit about your wife and your two kiddos. You’ve shared how you started back in the ’80s as a fight promoter and how you’ve … see an opportunities and capitalized on those opportunities with integrity, which is huge. Now the hinge question for me, is how have you managed to succeed as an entrepreneur, and successfully manage your family life? If you can share … maybe if there’s a poignant story that sticks out in your mind where maybe there’s a reckoning where you had to do some adjustments. Or if there are some indicators that you’re off track that you can share with me and with our listeners.
Roy Englebrecht: First of all, I’m a conservative. I’m an evangelical, born-again Christian. That spiritual foundation has always been part of our family. Both from Nancy and I, and both Alison and Drew. They’ve raised in Mariner’s Church here in Irvine. Again, not that that makes … I’m just a sinner saved by grace on that, and I have to fight sin every day. But certainly a spiritual foundation, knowing what’s good, what’s right, and what’s wrong certainly helps to keep the family together.
Roy Englebrecht: Sometimes you have to look yourself in the mirror and realize that it’s not all about you, and as an entrepreneur, and running a successful business, and especially in our business when there’s not a lot of us. There’s 50 states, I’d say there might be less than 1,000 fight promoters in this country. When you’re one of the thousand in a country of 340 million, and up to last year, we probably had the ninth or tenth largest fight promotions company in the country, you can get pretty full of yourself, and you can make decisions wanting to keep that status, if you will.
Roy Englebrecht: I tried to over-expand maybe six or seven years ago. Hey, if six shows are good, or ten shows are good, why don’t we do twenty shows? Hey, if I can kick butt doing MMA and boxing, why don’t I get into muay thai? What happened, I over-expanded, and … Nancy, we gotta sell one of our rental homes. You have to do what? We have to sell one of our rental homes, because I need some dollars. We’re gonna take this to another level. That doesn’t make your spouse happy when you start selling some of what assets that could be retirement assets down the road.
Roy Englebrecht: That was a come to Jesus time, that I realized that, you know what, Roy, you need to be happy with the success you’ve had. You don’t need to prove anything. A lot of times that’s when they always have to keep on proving that they’re good as opposed to realizing that, you know what, yeah. Roy, yeah, you have been successful, you are successful, why do you have to keep on proving it? Sometimes by keeping on proving, it means you have to continue to grow and take chances, and that was a lesson that I learned.
Roy Englebrecht: When Drew, my son, said, “You know what? Let’s not do any more shows unless we’re guaranteed to turn a profit.” Any time you launch something new, you can’t guarantee yourself that it’s gonna be profitable. It might be profitable four, five years down the road when you build a base and you build a following, but in fact you could be losing. Being a fight promoter is a great business to be in, because you’re in the rental business. That’s a very, very good business to be in.
Roy Englebrecht: I read Wayne Huizenga’s book, who was the owner of Waste Management and Blockbuster Video, and he was in the rental business. When you’re in a fight promoter, you’re in the rental business. You rent the venue, you rent the fighters, you rent the referees, you rent the doctors, you rent the ring card girls, you rent the [inaudible 00:24:12]. When you leave that night, you’re not taking much home. You don’t have any spoilage. Not a restaurant.
Philip Devine: You shared a little bit about seven years ago when you had that come to Jesus moment, and you said, “You know what, it’s okay, I don’t have anything to prove, I am successful, and I don’t need to risk upsetting the ship and rocking the boat.” What are some indicators that you’ve noticed … you guys have been married 47 years now, almost 48 years. What are some indicators you’ve noticed that you’re getting off track?
Roy Englebrecht: When your bank account doesn’t have much dollars in it. When you’re using profits from successful shows to pay for your other shows that you’re launching, thinking that they’re gonna be successful right off the bat, and they may not be as successful as your other shows. Businesses can acquire or start new things if they have a tremendous amount of cash reserves, but I always say to people that I can make $15,000, 30 times. It’s very hard to make $450,000 one time. Too many people get into a business thinking they’re gonna hit the home run the first time. They don’t know what they’re doing, and instead of making the 15 to $20,000 they thought they were gonna make that first show, they lose it. Now, they weren’t expecting to lose it, and they see money, and they lost it. They’re not $20,000 to the good, they’re $20,000 in the hole. They can never recover from that.
Roy Englebrecht: You have to realize that if you’re going to gamble, you better have enough resources to absorb the loss and still be able to maintain your business, and your GNA, and your basic office expenses, without running out of money. Our shows don’t spin off a lot of profit, because we don’t do it at 15,000 seat venues. We don’t have HBO or ESPN rights money.
Roy Englebrecht: We make 15, $20,000 each show, which is very good, but, your first show, if you … it’s a great show, but you spent a lot, and you lost, or you invest, I don’t say lost, if you invested $10,000, that means that $10,000 has to come off your show next month, which is successful, that you made $15,000. But you didn’t, because you only made five. But you needed to make 15, because your GNA on that particular show was $10,000. Now, where do you get that $10,000? Unless you have a lot of funds in reserve, you can’t gamble if you don’t have any money. You don’t wanna gamble on your credit card, because you gotta pay the piper on that.
Roy Englebrecht: That was realization. We’d been going great, and I said, “Let’s get into muay thai, and this new venue.” The shows were great, but it takes time to build a brand. We didn’t have the time to build it. We had the time, we didn’t have the resources to build it.
Philip Devine: What are some indicators that your off track at home? How do you know whether you and your wife, Nancy, are okay, or if there’s some course-correction that’s needed as you continue to work hard on building your business?
Roy Englebrecht: If you’re married for a lot of years, you know when your wife is unhappy. When she doesn’t wanna hear about the business, don’t tell me about that. And you, as a husband, wanna go home and unload a little bit about some of the concerns. But, hey, you’re to because she doesn’t wanna hear bad news. Facial expressions, demeanor. When you’re in the dog house, or she doesn’t like what you’re doing, and you gotta find a spouse that likes your business.
Roy Englebrecht: My Nancy, in the 31 years, and I’ve done probably 500 shows, a little more, she might’ve been at [inaudible 00:28:38] percent of the shows, she doesn’t come to the business. She doesn’t really like the business. That’s an indication that … at home, it’s just a little more tension. I don’t wanna say it’s bad, but you just know. You go to your office, because here you’re somebody. You go home and they don’t like what you do. That’s an indication.
Philip Devine: When you notice that you’re getting off track, Nancy says, “You know what? I don’t wanna hear about work. When you come home, you need to be home. I don’t care if it’s good news or bad news, I don’t wanna hear about it. Because that’s all you’ve been doing.” How do you get back on track? I’m asking this from the perspective, and for our audience here, of the 30 somethings, the early 40s, who are growing their business, or they’re leaders in their company, they have young families and they wanna work hard and do well at work. They also wanna do well at home and take care of their families, so I’m asking these thinking, what are some strategies and techniques that you’ve used that we can employ ourselves? Does that make sense?
Roy Englebrecht: Yeah. I don’t have any because I didn’t employ any. I was kinda … the job was, the business was my other spouse. I was with a couple last night from the university that I graduated from, they flew out. I was saying, “My mistress or my wife was really a job.” Nancy was always in second place. A lot of entrepreneurs, their business is number one, and their spouse is number two. That’s not right, but, hey, you gotta pay the bills, you’re trying to grow something, you have this passion about it. I don’t have anything, because basically, if you’re a selfish individual, you’re gonna, not recoil at wanting to do that … what it is, you have to.
Roy Englebrecht: I’ve only learned this, and I’m gonna give it as advice, some experience, and I wish I would’ve done it more, is you have to not be selfish when you’re home. If you’re gonna work hard at your job as an entrepreneur, and you do work hard, you have to bring that same work ethic to your marriage when you’re home. If the wife says, “Let’s go for a walk,” or, “Let’s go to the movies,” and you don’t feel like it, you have to just beat yourself up and say, “Gonna do it.” You have to say, “I’m gonna do it,” and not complain.
Roy Englebrecht: They don’t want a lot. They just want something. Too many times, husbands don’t give anything, because their … an entrepreneur, and running your own business, you don’t end it at 5 o’clock. You’re getting calls at different times of the day and evening, you’re working Saturdays and so forth. You really have to not be selfish. I didn’t learn that for a long time, and the simple things you can do. Can you spend 10 minutes when you get home just talking about things? A lot of times, the husband don’t wanna have 10 minutes. They just get home and they wanna decompress, let’s turn the TV on or so forth, because they’ve been so focused on business that they need a chance to decompress. Wait a minute, I’m sorry Roy, you can’t decompress. Spend 10 minutes with Nancy. That’s some of the things I would suggest. Spending 10 minutes.
Roy Englebrecht: It’s kind of like praying. I wouldn’t say you have to pray for 10 minutes or half an hour, just thinking about Jesus during the day is praying, if you will. We get into too many things that, boy, I gotta spend an hour at home, no. Don’t turn the TV, sit down, and just say, “How was your day?” I know we hear that, but we don’t preach it. We’re real hypocrites in this area. We talk the talk, but we don’t walk it.
Philip Devine: That’s really powerful, and I think, Roy, you’re sharing this out of experience, and I’m just gonna echo back what you said. Entrepreneurs are giving 110% and are super focused at work, and in order for our home life to be successful as well, we need to take that same drive and dedication and apply it at home. That’s a powerful principle, and frankly, like you said, it starts with just taking 10 minutes right when you get home, spending time with your wife. Those are those small, incremental changes that I think will make a huge difference for entrepreneurs and business leaders as they work hard to either climb the ladder or build their own business.
Philip Devine: You mentioned a book earlier, and I will make sure that’s in the show notes. But what resource, book, or conference do you recommend for our listeners, both for business that have been instrumental for you, and also for family?
Roy Englebrecht: I’m in the sports business, so Sports Business Journal is very important to me. As an entrepreneur, there was a book that I’ve used, I’ve read by Bo Peabody, it’s called Lucky or Smart: Secrets to an Entrepreneurial Life. From anyone that thinks they might have an entrepreneurial bent in their life, or wanna strike out on their own, it’s an easy read, called Lucky or Smart: Secrets to an Entrepreneurial Life. Bo, B-O, Peabody, P-E-A-B-O-D-Y is the author.
Roy Englebrecht: There’s another one that was pretty that I’ve read called The Management Methods or Jesus, American Wisdom for Modern Business, by Bob Briner, B-R-I-N-E-R. Bob B-R-I-N-E-R. Is another book that’s easy reads, and just have different principles and ideas how to stay on track and how to build your business.
Philip Devine: Those are good, and thanks for those. We’ll have those in the show notes, so that people can reference those and grab those. This is the last, and final question. Now you’re 72, you have been successful, but how do you define success at work and also how do you define success for your family?
Roy Englebrecht: Find success at work is that you’ve had some longevity, I guess. [inaudible 00:35:30] question. But, if you’ve owned your business for a long time, that means you must be successful, you must be doing something right. I look at resumes that people send me that wanna work, and they’ve had eight jobs in ten years. To me that jumps out, and evidently, there’s a problem somewhere with that person, because they can’t stick to a certain job, they can’t get along, or so forth. Why would you have eight jobs in ten years?
Roy Englebrecht: If I look at a person’s resume and they’ve worked for an entity for 17 years, then you say that person has been successful. The same thing can be with business. If a person’s owned a business, the same business, 15 years, 20 years, they are successful because they’ve been able to sustain at times when it was bad and times when it was good on that.
Roy Englebrecht: Success in marriage would … you’re either married, or you’re divorced, or you didn’t get married. Success in marriage would be longevity. To the outside world that would be success. We all know people that have been married for 30 years, and it’s been a terrible marriage, and they stayed married just for the children, whatever on that. So success, to me, would be that you stayed married, that you and your wife still enjoy being together, that in fact you can go on a cruise for 10 days or two weeks and enjoy your time together. That would be it. That would be the real key indicator that your marriage is success. That even though you have your differences, you enjoy being together. Nancy and I travel a lot, and I still, even though we might get mad at each other sometimes, we still enjoy being together.
Philip Devine: Roy, thank you, again so much for your time. For inspiring everyone that’s listening. For sharing from your experience, both the good, the bad, and the ugly. For giving us an honest snapshot of what, really, it takes to build a successful business. Thanks again for your time.
Roy Englebrecht: Thank you. Good to talk to you Philip.
Philip Devine: Subscribe to this podcast on Apple Podcasts, Stitcher, or wherever you listen, and leave us a rating and a review so that other people like you can discover the stories of entrepreneurs who make it home for dinner. We’d also love to hear about your questions, struggles, and whens about entrepreneurship and family life. You can reach out to us on Instagram at HomeForDinnerShow, or email us at email@example.com
. Home For Dinner is produced by Devine and Company. This episode was written with help from Rachel White and Anna Tran. The sound was edited by Justin Medley. The music you heard in this episode came from Lee Rosevere and Madis [Mueller 00:38:35]. Special thanks to Dr. Jason Underwood and the team at Shelbyville Pharmacy for sponsoring this season. I’m your host, Philip Devine. See you next time on Home For Dinner.
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