Episode 41

Published on:

22nd Jan 2023

041: Dr. Eric Holsapple - Profits Are Not a Purpose: How Mindfulness & Focus Can Impact Business Culture

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Dr. Eric J. Holsapple is a successful developer, author and entrepreneur who has used mindfulness to transform both his life and his business. He’s got a PhD in Economics and has been involved in the real estate industry for forty years. He works with people to merge business and mindfulness as a catalyst for changing lives.

He’s the Founder of Living in the Gap and today, Dr. Eric joins the show to discuss how mindfulness can transform business culture. His new book, Profit with Presence: The Twelve Pillars of Mindful Leadership , helps readers learn that bringing mindfulness to the workplace is an investment that pays out real dividends.

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Key Takeaways

01:09 – Jonathan introduces today’s guest, Dr. Eric Holsapple, who joins the show to share early lessons of entrepreneurship, his career trajectory, and his entry into mindfulness

08:33 – A massive, shocking wake-up call for Dr. Eric

11:32 – From LC Real Estate Group to Living in the Gap

18:58 – Finding happiness now

22:22 – Dr. Eric speaks to his latest book, Profit with Presence

24:38 – Mindset, inequality and what we can do to help others less fortunate

33:34 – How Dr. Eric defines and practices mindfulness

39:54 – Detaching from results

43:20 – One piece of entrepreneurial advice to focus on and one thing to absolutely ignore

49:48 – The last thing Dr. Eric changed his mind about and a place he visited that had a profound impact on him

Tweetable Quotes

“I ended up knowing everybody in the state - every bank, every real estate firm. It wasn’t intentional, but it dramatically helped my business because I was a trustworthy person, I was a good developer, and I was really well connected. I knew the best students and I helped place them at the best firms.” (14:03) (Dr. Eric)

“Living in the Gap is having it all. I think that people can live the life of their dreams, that this idea that spirituality and business are at odds is a mistake, that mindfulness is primarily focus. And, I have found personally that you get more done in less time if you’re focused and that mindfulness is actually a compliment to work.” (15:19) (Dr. Eric)

“What I’ve seen, from myself and from my friends that have been really successful, is that when you check off the list, you add more to the list. First it was a house, then it was a condo, then it was the trips to Maui, and then it becomes, ‘one country club isn’t enough, I gotta have two.’ I think that’s ‘the space race,’ and I look at it like what’s really going on here? I don’t pretend to know. It looks to me like it’s really hard to be happy with money.” (20:08) (Dr. Eric)

“My outer purpose is what I do. I’m on a podcast with you. I’m running ‘Living in the Gap.’ I’m building a real estate firm. I’m teaching at the University. My outer purpose is just what I do. But, with presence, I can show up to that outer purpose in a certain way, which is really unstoppable. If I show up to something fully focused and present to it with motivation, I can get a lot done.” (24:08) (Dr. Eric)

“To me, if I can get in and notice my body stretching, my mind slows down.” (35:20) (Dr. Eric)

“Profit is not a purpose or a vision. Those are the natural result of having a useful purpose and vision. And if you’re not getting those profits, you need to shift a little bit. We need profits to make change.” (42:40) (Dr. Eric)

“When you’re present with someone, you change them.” (48:07) (Dr. Eric)

Guest Resources

Dr. Eric’s LinkedIn

Dr. Eric’s Website

Dr. Eric’s Book

Books Mentioned:

The Happiness Advantage

Altered Traits

Mindful Money Resources

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About the Podcast

Mindful Money
Do you struggle with money? You’re not alone.
Money is a means, not an end. It’s a necessity of life for sure, but more money does not always guarantee a “good life”. Money enables many aspects of modern life, but as a dominant consideration it becomes destructive. 
The paradox is that more time and energy spent on personal finance does NOT create better outcomes. Unlike many other parts of life, we can’t create better outcomes by being smarter, spending more time, or putting in more effort.
Join Mindful Money author and experienced 40-year investor Jonathan DeYoe as he shares stories from artists, authors, entrepreneurs, and other advisors about how they mindfully minimize their need to think about money and get more out of life.
If you aren’t happy with your finances, feel like money takes more time that it should, or want to place your financial decisions into the broader context of your life, this show is for you. 
Each episode will draw the line between the “enough” activities that the academics tell us are additive to family outcomes, and those “little bit more” efforts that take time and sap energy, but do NOT improve outcomes.

About your host

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Jonathan DeYoe

Jonathan DeYoe is a best-selling author, speaker, financial advisor and angel investor. He is a husband, father and a practicing Buddhist. His simple underlying message brings a welcomed sense of order to financial chaos and restores a calm center to your financial life.