Hello listeners and welcome to episode 20 of the White Pony Network Podcast!
I have been on a huge personal development journey this last year and I will be looking to share with you more and more of what I have learnt and am constantly learning.
Our special guest for today’s episode has also been on a massive personal development journey, which has absolutely transformed his life. We dig deep into that in the latter part of our conversation.
I first met Peter at high school and I haven’t seen him for years until he reached out to me late last year, and I am so glad that he did as it has been absolutely fantastic connecting with him again.
Peter Co-Owns and Directs Bossini Kitchens, a big player in premium custom design kitchens. I went out to their headquarters to record this episode, and it is very impressive. Get a pen ready for when Peter talks about how he gets the most out of his staff, it is truly inspiring.
Peter has run a range of businesses over the years and has experienced so many valuable lessons. He once went from 100k down to fight his way back to now being worth millions!
Peter has also undertaken a huge personal development journey to overcome Anxiety and take his business and personal life to incredible levels.
Peter dropped so many nuggets of wisdom and I have recorded them all in the show notes. This was truly a great experience.
Please enjoy this conversation with Peter Wellman.
My Biggest Take-Aways
So many brilliant nuggets of knowledge, experience and advice!
- Peter’s growth was all from of a desire to move fast
- Having an entrepreneurial father certainly helped Peter’s transition into starting his own business
- Parents are always critical and deep down they just want what’s best for you. When we’re younger, our parents don’t think we know what is best for us
- Schools need to support entrepreneurship
- When choosing a business partner, don’t choose someone with the same skillset as you
- Things happen for a reason. Peter has a great perspective on this.
- Peter’s initiative to negotiate terms with his boss to be able to free up more time to transition into working for himself was fantastic
- Peter now calls his goals ‘Desired Outcomes’ (DO’s)
- The problem of thinking short-term to get funds to live really stunts long-term growth. Peter feels he should have raised funds first for DIY Lab
- Lessons. Burnt Money. Burnt time. Peter never gave up, and grew and grew and grew
- Peter owns his mistakes including being willing to pay from his pocket for his own mistakes.
- Giving comes before receiving. It always comes back to you. Tenfold.
- Outsource first, then once the volume is there, bring it in house
- Set the expectation and deliver on that expectation. People are happy to wait if they get exactly what you tell them. If the service ends well, that what the customer remembers – the end result
- A kitchen isn’t just a kitchen. Holden can’t make Ferraris. What purpose is this kitchen serving for this person?
- Peter has a vision board that his entire organisation need to be in alignment with. Vision – Mission – Values. What values and beliefs are we going to instil in each of us that will enable us to carry out that mission to achieve that vision?
- We don’t have team meetings, we have Bossini GYM sessions – Grow Your Mind. Everyone has to bring something to contribute
- Peter takes his staff to large scale businesses similar to his own to show them what it takes to be at that level, preparing them for the future
- Lead by example
- Peter would rather a superstar working in the business and then leaving than having a dud in the business and staying
- Pills vs a shift in mindset to overcome anxiety? It’s like short term fix vs long term transformation
- Happiness is not one day, happiness is now
- Now Peter’s 12 month goal is continued happiness
- The Pizza Metaphor @ 1:00:00 – If every category of your life was represented by a slice of pizza, your happiness is only the size of the smallest slice. You always have to come back to that. Create balance and grow each category.
- Knowledge is not power, applied knowledge is power
- ‘I’m looking at we’re heading rather than at the competition. The horse running on the racetrack has blinkers on for a reason. If it’s looking left and right, it’s not going to win. It has to keep looking forward.’
- If you set a specific goal, you will notice what will help you get there along the way
- Some of the stories from other White Pony Network Podcast guests had a positive impact in Peter’s darkest moments. Even the silent people are still listening and watching
3:20 How Peter’s entrepreneurial journey came about
9:25 Peter’s first business and some of the issues with the education system
14:00 The importance of selecting the right business partner and more business lessons
19:00 How Peter transitioned into working for himself
22:15 ‘Desired Outcomes’ instead of ‘Goals’
24:00 Victorian Kitchen Company and the next ventures
26:15 Bossini Kitchens
35:20 A breakdown of how Bossini works
39:40 What’s the plan for the next couple of years?
40:00 Growing the business internally through the team
45:25 Peter’s personal development journey
55:20 What are some of the major differences between you a year ago and you now?
1:00:00 The Pizza Metaphor
1:05:20 Build It Up
1:07:20 Do you think that your 12-year-old self would be happy with where you are now?
1:08:10 The Big 5
- Peter’s family moving to Australia, to go with the flow and make the most of what you have in that moment
- Leaving Uni. Finally taking control of what I want to do and how I want to do it, not what everyone else expects me to do and how to do it
- At the age of 22, attended a seminar with a guy named Wilson Lunar and was blown away by new perspectives on responsibility and accountability and how you can take your business to the next level. Applied knowledge is power
- A car crash about 4 years ago, which is what started the Anxiety. It woke Peter up to eventually overcoming everything internally and changed his life
- The retreat in Bali – a life-changing event. Took everything up a level.
1:12:00 What is your favourite quote?
Train hard to fight easy
1:12:45 What are the best books & blog-posts that you’ve ever read?
The Four Hour Work Week by Tim Ferriss. This set Peter on his journey to negotiating terms to work from home to allocate more time to his own venture.
Eat That Frog by Brian Tracy – Take the biggest task first and just get it out of the way.
1:16:25 What are your predictions for your industry in the next 5 to 10 years?
‘I’m looking at we’re heading rather than at the competition. The horse running on the racetrack has blinkers on for a reason. If it’s looking left and right, it’s not going to win. It has to keep looking forward.’
There’ll be lot more online innovation for custom retail kitchens.
More virtual reality to make adjustments to the plan before the kitchen is built.
1:18:45 Did you achieve your goals that you set yourself over the last 12 months?
My goals have changed. What they’ve changed to, yes they have. Peter found a bit of paper from 4-5 years ago with goals on it, and he had completed almost every one.
1:19:30 What goals have you set yourself over the next 12 months? Are there any that you’re willing share with us that we could help by keeping you accountable?
The main focus is continued happiness, continued stronger connections with people around me. I’d love to be able to help more people around me. If the team are getting results both in and outside of work, that would be a big thing.
Looking to buy another house by January 30, 2019.
Get specific! If you set a specific goal, you will notice what will help you get there along the way.
1:25:45 Who are you looking to connect with?
Everyone and anyone that has a story. Through Build It Up, Peter wants to connect with people who want an opportunity to tell their story to bring either hope, inspiration or a lesson to anyone else.
From a business perspective, business leaders, mindset leaders and anyone pushing themselves.
Also anyone who wants a premium kitchen!
26:15 Bossini Kitchens
52:15 Beast Mode – International
53:15 Leigh Bundy
1:02:55 Eckhart Tolle
1:02:55 A New Earth
1:05:20 Build It Up
1:09:45 Wilson Lunar
1:09:50 Ricky Verkaik
1:23:10 The One Thing by Gary Kellar
1:24:50 Peter Thiel
This episode is brought to you by our good friends at Tondo Digital.