#913 - Opening up about the FTC Investigation... w/Ryan Pineda PT II
In this episode of "The Good Life" @taylorawelch talks about his entrepreneurial journey and the challenges he faced after setting up numerous LLCs and building his brand. He emphasizes the importance of finding a work-life balance, taking into account the impacts of business decisions on personal and family life. He then confronts an investigation by the Federal Trade Commission (FTC), navigating through compliance issues and legal ramifications while dealing with financial uncertainties. Finally, he advocates for sharing personal struggles and learning from mistakes as a form of 'Mithridatism', or building resilience through small doses of perceived failures.IF you enjoyed the show please leave us a review to help push this message to more listeners around the world!Please visit Taylorawelch.com to access all of Taylor's socials and content Text Taylor: 615-326-5037Daily Mind Medicine is back!00:00 Introduction00:00 The Struggles of Dissolving a Business00:40 Discussing Trials and the Importance of Sharing Failures01:38 The Theory of 10-Year Cycles in Business02:35 The Challenges of Balancing Business and Family Life03:57 The Impact of Stepping Out of the Business04:47 Facing an FTC Investigation05:40 The Struggles of Dealing with Multiple LLCs06:07 Understanding the FTC's Role and Regulations06:35 The Decision to Give Away Businesses08:44 The Challenges of Complying with FTC Requests09:57 Overcoming Fear and Insecurity Through Failure13:14 The Importance of Compliance in Business20:45 The Concept of Mithridatism in Business