OFI 1502: Pake McNally | Agricultural Artwork | Creative Income | Re-Cap Episode

On today's re-cap episode we are going way back into the archives, all the way to episode #18.  I am going to replay an interview I did with Pake McNally over seven years ago when he had just taken over a blacksmith shop and was building that business with aspirations of having his own cattle herd.  On tomorrow's ag business episode I am having him back on the show to catch up, see what's changed and get a glimpse into what his life looks like now.  I thought letting you hear the "before interview" would help prepare you for the "after interview.

The original show notes are below.

If you are interested in this business don't forget your safety glasses!

KEY IDEAS:

ADVICE FROM PAKE MCNALLY:

READ YOUR ART: In Pake's free time he finds magazines to read that inspire his artistic ideas.  He looks at car magazines and other things that give him ideas.  He and Nevada Miller both do the same thing to give them ideas, they look at magazines and journals about their interests and receive inspiration.

PRACTICE: When Pake is not looking for inspiration in reading materials, he is tinkering and experimenting with cheap or free materials that he has found and can afford to practice with.

MAKE MISTAKES: Pake tells you not to be afraid to make mistakes.  The only way to get better is to "fail forward."  Experiment, make mistakes and learn from them.

EDUCATE YOURSELF: Don't ever stop learning.  Pake is always reading, experimenting and doing whatever he can to keep learning.

STAY HUNGRY: Do not allow yourself to become complacent.  Pursue something that interests you, and if that interest fades find something else that interests you.

PAKE MCNALLY'S PERSONAL HABIT THAT IS CONTRIBUTING TO HIS SUCCESS:

TINKER, EXPERIMENT AND SEEK KNOWLEDGE: When Pake gets home from the shop in the evening it is automatic for him to pick up experimental materials, a magazine or a Youtube video that is going to help him grown in his craft.

BEST BUSINESS ADVICE THAT PAKE MCNALLY HAS RECEIVED:

SAY NO: Of course you want to say "yes" at some point.  That day is coming.  But one thing that is consistent across all genres of entrepreneurs is the inability or at least struggle with saying "no".

Pake was reminded early by Tom Smith, a blacksmith and mentor to Pake, that he would have to be able to say "no."  If Pake says yes to everything the quality of his work will suffer, both because he would not have time to do his best work and because he would take projects that do not interest him.

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