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Welcome to the Mindful Fire Podcast, a show about crafting a life you love and making work optional using the tools of mindfulness, envisioning, and financial independence.
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I'm your host, Adam Coelho, and I'm so glad you're here.
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Each episode of the Mindful Fire podcast explores these three tools through teachings, guided meditations, and inspiring interviews with people actually living them to craft a life they love.
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At its core, Mindful Fire is about creating more awareness and choice in your life.
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Mindfulness helps you develop self awareness to know yourself better and what's most important to you by practicing a kind, curious awareness.
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Envisioning is all about choosing to think big about your life and putting the power of your predicting brain to work to create the life you dream of.
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And financial independence brings awareness and choice to your financial life, empowering you to make your vision a reality by getting your money sorted out and ultimately making work optional.
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And here's the best part, you don't have to wait until you reach financial independence to live out your vision.
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Mindful Fire is about using these tools to craft that life now on the path to financial independence and beyond.
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If you're ready to start your mindful fire journey, go to mindfulfire.
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org slash start and download my free envisioning guide in just 10 minutes.
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This guide will help you craft a clear and inspiring vision for your life.
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Again, you can download it for free at mindfulfire.
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org slash start.
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Let's jump into today's episode.
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In today's episode, Episode I'm joined by my friend Colin Dolan, a former Googler and the founder of Pub Lift, an ad tech business that helps online publishers build sustainable revenue streams.
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He's an ad ops veteran and a sports fanatic with a passion for self-improvement and creating a better life situation for all.
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In this episode, you'll learn how his company pub came to be and how it all started from a conversation that he and I had seven years ago that kicked off his entrepreneurial and mindfulness journey.
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I've been blown away by what he's been able to achieve since then and I'm really excited to have him on the episode to share with you today.
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In this episode Colm and I explore the idea that entrepreneurship is actually a spiritual path and that there's so much learning and growth to be had from the challenges and ups and downs that come with being an entrepreneur.
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And Colm shares his thoughts on why it's so important to build structure into your day and why bookending his days with meditation is and finding moments of mindfulness throughout his day allow him to deal with the ups and downs and the challenges that come from being an entrepreneur and running a business.
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And we learn how Colm is able to build this structure in his life even while building a business and raising two boys and having a wife at home as well.
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And we hear how Colm has brought these ideas of mindfulness and personal growth and improvement into everything he does at his company.
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And how he empowers his employees to learn, grow, have fun, and to become the best versions of themselves.
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Colm also shares his thoughts on financial independence.
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And how to be honest, he's not really that focused on financial independence, but rather focused on building a company where everyone can learn, grow, and have fun.
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And Colum shares his top advice for those getting started with meditation and mindfulness.
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And he also shares his thoughts for those who pursuing financial independence.
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And you'll hear the advice that Colm would give to his younger self.
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I really enjoyed this episode with Colm and I hope that you enjoyed as well.
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Let's jump into today's episode.
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Colm.
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Thank you very much, Adam.
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It's absolutely fantastic to be on this podcast with you.
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And I'm very inspired by you, all you've done in the last few years, since we worked together at Google many moons ago.
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Yeah, that does feel like a really long time ago, doesn't it?
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It does indeed.
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It does indeed.
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The original young fella.
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Oh, that's right.
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That's right.
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Some good times we had.
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So I'd podcast by having you share with the audience a little bit about who you are and what you've been up to in the world.
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Yeah.
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Thanks very much, Adam.
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Yeah.
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I'm a founder.
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I'm an ad tech founder.
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I am a dad, two young boys one and a half and four years of age, which keep me very busy.
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I suppose my journey really has It actually involves you when you visited Sydney, Australia, where I live at the moment.
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Your part inspired me on the road down meditation and in starting a business.
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I think it's about seven years ago now, since you were actually here.
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And at the time I wasn't enjoying the job, but I did.
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And I always thought about having a startup or I knew it as a problem in the ecosystem, in the publisher ecosystem, but you always need a push sometimes and you push from some of your friends as well.
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So I've been working as an entrepreneur for nearly seven years now and built a successful business that is a global outreach and global audience.
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So I suppose it's.
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Actually, the exact same time I started meditating, with your help as well, so I owe a depth of gratitude to you, and two things have quite intertwined over the last couple of years, that I really think an entrepreneurial journey is very much a spiritual journey as well, because it's a very hard route to go down, and it tests your mental resolve, tests your skills, you've a lot of ups and downs, You've a lot of downs, the ups are never as good and the downs are never as bad, but it's a very much rollercoaster ride that you really need to have severe mental focus.
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And the thing about starting a business is that you not only do it for yourself, but you're doing it for a lot of other people.
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It's a big responsibility that a lot of my team have mortgages, they have young kids, and if you make bad decisions, it's going to impact on them.
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So there's a lot of constant worry and constant trying reinforcement that it's.
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going to all work out.
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So all the attributes of meditation and mindfulness and being in the present moment and giving everything to your team is so crucial.
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And I feel really thankful and blessed that it's tested depth of my character, like no end.
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being an entrepreneur and it's a hard route to go down, but with a lot of problems, you create a lot of growth and a lot of learning about yourself.
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And I think as well when you go down that journey, you get influenced by a lot of similar people that have gone down that journey.
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So it's like when you hear that quote, a lot of you are the average of the five people you hang around with.
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So if you started hanging around with other entrepreneurs or other people seeking financial freedom.
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That puts you on another stratosphere in terms of your questioning things a lot more.
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And you're questioning why are you on this planet?
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Why are you on this earth?
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Like the way you have to, you do your mission statement.
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And all that kind of stuff in business.
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You also do mission statement nearly for yourself.
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What are your values?
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When you're doing values for a business, you're doing values on yourself.
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Where do you want to be in five years?
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And sometimes when you work, when I work in a corporate life, I may not think about that because I'm just, Thinking about punching in numbers and going home and spend the time and you don't you shut off whereas having your own business You're always thinking about how can I have more impact?
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How can I have more impact on the customer?
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But how can I have more impact on myself as well and to the overall world?
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So yeah that's what I'm currently doing at the moment.
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I'm really interested in having an impact on people's lives or really focusing on our customers as well and have an impact on their lives.
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And I suppose I'm really motivated by an obsession with self improvement to improve the life situation of myself.
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My team members to improve my consciousness, to improve every aspects of health and being, really, and to have just a happy, fruitful life, really.
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So thinking back to when you started the business, it's so awesome to me to see what you've created in the seven years since we had that dinner together when I was in Sydney.
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We were hanging out with your girlfriend, now wife.
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Neither of us had kids, and we're just enjoying some Portuguese chicken, and talking about life, and how I was getting really into meditation.
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And just to see what you did, just, I think three weeks later, you quit your job and started this company.
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And it's become, an award winning company, getting all sorts of awards for innovative companies, and the workplace that you've created.
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I'd love to hear just a little bit more about that journey, right?
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What was it like when you were first starting the business and as you progressed, like how did you lean on your mindfulness?
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practice to build it into what it is now.
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Yeah.
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I suppose to give you a background there as well, like, I think you were the final kind of push I really needed because before I started the business, I was working at another startup, which they lost their series, be around investment.
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And I was, I needed to get out of there.
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The business was winding up and I had a time period and but I questioned myself having gone from a corporate business.
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Like Google, I spent a lot of time at Google and then another business in Australia, Telstra, and then I went to a startup and I really failed miserably.
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I couldn't sell to, to, to anyone what we were selling.
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It was a, an ad tech kind of product as well.
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And my mental resolve was gone.
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My confidence is at an all time low.
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I said to myself do I need to go back into the comforts of corporate?
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So I went, I remember vividly going for interviews with Twitter, with Facebook, Criteo and I couldn't get an interview for love nor money.
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Like I couldn't get past that stage.
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Obviously I had good on my resume.
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It looked good that I worked for Google and that kind of stuff, but I just couldn't, I had no self confidence at the time.
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And I was literally about to just go, or maybe I'll just go home or I had got this new girlfriend at the time.
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And you came and said yeah, why don't you do this?
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Because I had all this in the back of my mind of maybe starting something and you gave me the confidence to just give it a go.
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But I was at a low album and I just had nothing to lose.
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And that's the kind of key factor in anything of this.
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And I think as well, a lot of people that go starting businesses.
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It's very hard when you are in the comforts, you know it as well, in the comforts of Google, in the comforts of these corporate places, it makes you very hard to leave.
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You have always got your stock plan vested next year, they might give you a few more, they might give you a promotion, and then you're thinking job security, all this kind of stuff.
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But and if I still had all that kind of things in place, maybe I wouldn't have made the leap.
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So it's very much a circumstance kind of stuff.
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But getting back to your question, then I just thought I'd give you a bit of background to what made me make that decision.
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It was tough.
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The first six months were very tough because I was, you were in our apartment, we rented out a room in my apartment to my buddy and he came in and stayed with us for six to nine months.
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My wife had a good job at the time, so she was supporting us, but I maxed out my credit card six months.
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I remember having three clients for six months.
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I got one client and then snowballed to a second client and it I wouldn't say it was a long time taking off, but once.
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I started getting a bit of traction.
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There was a problem that needed to be solved.
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And I got a lot of energy from that.
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And I got a lot of energy from maybe winning those couple of clients at the start, but it was looking back on an incredible time and incredible.
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Test of character, because you've got your family concerned about you going out and starting a business yourself.
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You've got your friends thinking, Oh this person has built up a good image.
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He's worked at Google and now he's just.
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Doing the kind of startup and your character gets questioned.
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So you're, and you question yourself and you say, have I got the appetite for this at all?
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Do I have, what am I trying to really do here?
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And then you start getting a small bit of wins and a small bit of success.
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And then it's like, okay I think there's an opportunity to build something here to build the business.
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And then at that stage, later on in that.
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Year.
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I had a really good relationship, but my business partner at this stage, but he was a friend of mine from Google back then he worked in the Dublin office with me and I reached out to him and actually met him in Bali in August of 2014, maybe at this stage.
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and I said, I've started this business in Australia.
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It's going pretty well, but I need you over here because I can't do this on my own.
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I was good at sales and negotiation, but not very good from the technical aspect of what we needed to do.
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So once I got commitment from him, he moved over in March of the following year.
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So then I remember the Christmas time that before that I had about five or six or maybe even seven clients at that time.
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So there was a business model there.
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And there was, it could be successful if the right things went at that time.
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And so all those, at all those times really, I think meditation and mindfulness, I'm not too sure at that time was I doing that much of it to be honest with you.
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It was all about keeping my head above water and you're so focused.
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about just building the business side of the business and making a financial model that would work without I was just about scrimping on, paying for daily activities and paying your rent and doing all that kind of stuff.
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But after that, I think it's when Tobin came over, we hired our first employee, we, And that was around 2015 and I had been running the business myself and then we rebranded and came up the name Publift around August 2015.
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So that was a very exciting time when we had.
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I think about two, three other employees at the time, maybe two employees at the time.
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And it was around that time really that you started to say, Oh, what is this business about?
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What am I doing this for?
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And you start to read about getting your mission statement and your values.
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And then I would say then the real spiritual journey for me started, in being an entrepreneur, because Reasons you become an entrepreneur is because you have a problem to solve.
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I think I was at desperation level, but a lot of entrepreneurs started a business because they're pissed off with something and they want a solution to it, and it could be a personal solution for something that.
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It just really annoys them and you have to really be very annoyed before starting a business, especially getting away from the comforts, but then in, in starting the values of the business, why are you doing this?
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You have to share your vision to the rest of the team.
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You have to try and convince people to join your business.
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Why should I join your business rather than Canva down the road?
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that was, is given much more salary.
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So you have to say to them we want to build this platform.
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We want to have this many clients.
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We want to help customers because they're in really in need of this at that journey.
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And then you start reading some business books and the business books are very much about come from a spiritual kind of landscape, I would say.
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And it's when you're reading those business books and then you're doing a bit of meditation on the side and you see the similarities and then You say what I realized then my goal in life was not about making money.
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Really.
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I don't really care about making money.
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I'm more motivated by making an impact on people's lives.
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And then you look at some books and say, okay think about your, when you die, sounds kind of morbid, but when you die and you have your eulogy written out, what do you want to be known to be?
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And I suppose when I think about those kind of things, I want to be, I want to have a big impact on the world.
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I want a big impact on people's lives.
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I'm often referred to as a sponge.
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I'll take stuff in, I learn, and then I regurgitate it and teach people a lot about what I've learned.
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So that's the biggest thing for young people in the business is I'll teach them more about what has worked for me.
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from experiences about, Oh, mindfulness has made a big impact in my life.
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This, I think it could really help you.
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Visualizations have made a big impact on my life.
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This is how I see it could help you.
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So all of those things have intertwined with starting the business really.
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And that has led to the focus within the business and the culture within the business.
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And I suppose it stems as well from when I was working at.
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at Google or other corporates and that I knew what I didn't like and didn't want the business to be about.
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I wanted people to have autonomy to make decisions and a culture where people could grow and learn and could have fun as well.
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I think that was crucial.
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And that kind of was, influence.
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Again, as I said earlier, you can start hanging around with people who are entrepreneurial, who you're getting advice from people on how to run businesses.
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And then you realize that some people have different goals than you and you just go I'm on my own kind of journey here in the business.
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And it's the same with life.
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You're on your own kind of journey.
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Something that works for someone else has not necessarily worked for you.
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But it's having the balls to make those decisions as well to just go, actually, maybe this is a lifestyle business I want, maybe it's, and maybe it's not, it's up and down.
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It's like, I could have, I'm, I refer to myself as a walking contradiction.
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Sometimes I could have one idea, maybe six months ago, I said, Oh, definitely sell the business.
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Yeah.
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Just make as much money as possible.
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I'm sick of it.
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Two days later go, Oh, I love this.
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this business.
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I never want to sell this business.
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So it's up and down like that.
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And I suppose it's like your life in a way you have thought processes that say, I want this journey.
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I want that journey.
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And it's really just figuring yourself out.
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And that's what I love about running the business and doing that.
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Cause it's given, I'm so grateful.
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It's given me the opportunity to test my resolve and really find out what I want in life.
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So Colm, I really like this idea that you mentioned of the path of entrepreneurship as a spiritual path.
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Tell me, is there one or a couple of experiences that really brought that idea to your mind and taught you?
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where you really saw the similarities in those two things.
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Yeah, so many examples really.
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I think some examples dealing with people, we've been in a situation where we've met a lot of mistakes.
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We've hired some wrong people for the business and that affects us, but it also affects the person as well.
00:18:28.376 --> 00:18:33.336
So we, our recruitment process wasn't robust enough, wasn't the right way.
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And we hired some bad people.
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And with that, you sometimes have to move these people on.
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It's the best interests of the business.
00:18:39.862 --> 00:18:41.192
And it's probably best for them as well.
00:18:41.192 --> 00:18:49.672
You don't want to see people struggle, but in doing that, I remember the first person that we had to essentially fire and it was a big ordeal.
00:18:49.701 --> 00:18:54.862
There was many nights of worry and anticipation of this because you feel really bad.
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And this tests your mental resolve.
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So sometimes there's trouble sleeping.
00:18:59.241 --> 00:18:59.832
So you need to.
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You need to have something.
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You need to have your spiritual journey, whatever that may be, whether it's meditation, whether it's playing pool, table tennis, playing the piano, whatever that is, or going for a walk in the evening, you need to follow a process and you need to have a structure to your day.
00:19:16.217 --> 00:19:24.166
Like at the moment, the structure of my day is really get up, play with the kids, get them ready for, they go to daycare or get them ready.
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And then I have my meditation time for half an hour and then a cycle tour.
00:19:30.321 --> 00:19:38.021
Then at nighttime, it's again, it's play with the kids and do all that kind of stuff and have it a bit of downtime meditation and go to bed.
00:19:38.082 --> 00:19:46.832
And if I break that cycle, if some nights you're out and do things like that which happens, you can then go down that stream of thinking too much about things.
00:19:46.902 --> 00:19:54.231
And during the last few years running the business you have to really improve and balance all those different parts of your life.
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Because if you don't, things will consume you.
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And I've learned the hard way that all of those things like just maybe firing someone like that, it consumes you.
00:20:02.646 --> 00:20:07.207
And you get into endless streams of thinking, what's going to happen to the rest of the team?
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What are they going to think?
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What's going to happen to that person?
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Are they going to have a bad reaction?
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Is it a bad decision?
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And if you have those kinds of things going on in your brain all the time, it's not very good because you, it's how you come across the team, see you being worried that Team see you being vulnerable and that's fine.
00:20:23.096 --> 00:20:30.906
I think it's very important to have a vulnerable kind of stage, but it can work against you that you're not performing at your best.
00:20:30.987 --> 00:20:36.086
So those types of situations are so important and you double down on the mindfulness strategy.
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And again there's all those things that come up from a strategic point of view.