May 26, 2026

How to Build a Business that Feeds Your Soul?

Show Notes
Transcript

What if success means building a business that enriches both your life and your finances? Join Divya Parekh and David B. Hampson—entrepreneur, pilot, aviation insurance leader, and author—as they explore purpose-driven entrepreneurship. Discover why lasting businesses create true freedom, how leadership and risk-taking shape success, and why sustainable growth beats hustle culture. A powerful conversation on building with purpose, profit, and long-term impact.

Beyond Confidence is broadcast live Tuesdays at 10AM ET on W4WN Radio - Women 4 Women Network (www.w4wn.com) part of Talk 4 Radio (www.talk4radio.com) on the Talk 4 Media Network (www.talk4media.com). Beyond Confidence TV Show is viewed on Talk 4 TV (www.talk4tv.com).

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The topics and opinions expressed on the following show are

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solely those of the hosts and their guests and not

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This is Beyond Confidence with your host w park. Do

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you want to live a more fulfilling life? Do you

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want to live your legacy and achieve your personal, professional,

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and financial goals? Well? Coming up on dvparks Beyond Confidence,

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you will hear real stories of leaders, entrepreneurs, and achievers

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who have stepped into discomfort, shattered their satus quo, and

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are living the life they want. You will learn how

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relationships are the key to achieving your aspirations and financial goals.

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Moving your career business forward does not have to happen

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at the expense of your personal or family life or

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vice versa. Learn more at www don't givpork dot com

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and you can connect with div at contact dants givpark

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dot com. This is beyond Confidence and now here's your host,

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div Park.

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Good morning listeners. Hope you had a wonderful Memorial Day

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weekend and I'm thrilled to be here with you this Tuesday.

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And I want to thank each and every one of

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you who has purchased our book, the AI agency, expert,

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influencer and some of the others. Thank you, thank you,

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thank you. And if you are looking to get ahead

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of artificial intelligence, if you are looking to shape up

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that career or bring an a adoption into your company,

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then this is the book for you. Well, let's bring

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in our guests. Welcome David.

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Thank you, DEVI appreciate it, Thank you for having me

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on today.

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Absolutely so. David, do you recall a moment from your

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youth or from your lifetime which left a post mark

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on you.

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I can think of many moments, but one particularly, you know,

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from my youth was that you know, when I was,

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when I was growing up and I was I was

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in school, there was a time where I took a

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placement test and I didn't I didn't get into an

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advanced math class that I really was. I wanted to

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get in because all my friends got into it. And

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the school said, you know, David didn't didn't do well enough,

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he can't get in the class. And my parent and

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I said, I want to do it. I want to

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do it. My parents advocated for me, both my mom

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and my dad, and they they basically insisted the school

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give me a chance. And then I subsequently went on

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to get the highest grade in that in that class

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and had to catch up on all the work I missed.

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And the reason I mentioned that's such an important moment

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is that that's a defining moment for me, teaching me

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that you know that your growth mindset, You know that

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your situation isn't static. That people can tell you can't

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do something, and if you're if you're if you're insistent

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enough and you work hard enough, and that's absolutely and

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you allow yourself to have that growth today.

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Yeah, No, having that growth mindset can do wonders for

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anyone because it brings the part of you that is

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open to different perspectives. It is open to challenges and

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seeing them as learning opportunities. So, as you moved beyond

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your high school, what were your interests.

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Well, you know, as I, I've always been interested in aviation,

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Like that's something that I've always been passionate about. We

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used to we used to travel a lot to visit

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my grandparents in Florida, and we lived in New Hampshire,

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so we go a couple of times a year usually,

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and you know, just commercial airline travel. But I just

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fell in love with airplanes and I just thought it

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was so amazing how this this machine could transport you

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to what seemed like another world, and I started to

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get fascinated in it. I later, when I got into

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high school, I got into competitive track and cross country running,

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and I kind of put aviation to the side and

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I got into interest and exercise physiology. I studied that

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in college, but aviation was always a youthful passion that

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I stayed with me and I was able to later

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to reconnect with that with that spark in my thirties

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when my wife got me gift certificate for flying lessons

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and that's when I started started flying myself.

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So what happened during the time when you kind of

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lost sight of your passion, Well.

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You know I think that I wasn't that. I mean,

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I was pursuing some other passions. I mean I was

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very successful in cross country running and long distance running,

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so I kind of lot lashed onto that, and unfortunate

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had knee injury so I couldn't continue that anymore. But

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I think that, you know the fact that I that

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I hadn't had an opportunity to, you know, to get

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exposed to to flight training. I mean I didn't have

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anyone in my family who was in aviation. I wasn't surround,

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I wasn't in that circle, so I kind of had

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to put on the back burner. I think that not

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having family and aviation my you know, obviously my family,

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my parents were probably a little bit concerned about me

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doing something that maybe was a little bit scary, you know,

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learning to fly. And I can understand that. So I

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think that's why I got put on the side, and

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just you know, I sort of lashed onto other things

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I was doing well at be successful in. But it

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never left me. You know, I think that for most people,

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I think your childhood passion stayed with you forever. You know,

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sometimes take you have to reconnect with them, but but

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they never go away.

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That's absolutely right. I used to love writing when I

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was a child, and then it kind of got away

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from me, and then it definitely came back in my life,

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so absolutely. So you mentioned that you started taking lessons

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and how did that go, Well, it.

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Was, it was wonderful. So I, you know, I took

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I initially took three lessons for three gifts certificates my

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wife got me on a birthday and at the time

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I didn't have enough money to go all the way,

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so I kind of put it on hold a little

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while until I got a promotion at my job I

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was working in and then and then I and then

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I started right back up and went all the way

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and got my pilot certificate, and you know, it was

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it was challenging. I mean it was I loved it,

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but it was also very challenging. And I remember doing

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multiple lessons of doing touch and gos at the airport.

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That's where you you know, go around and you land,

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you take off again, and you go around the traffic pattern.

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You just keep doing it to practice your takeoffs and landings,

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especially the landings. I remember thinking there are times like

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am I ever gonna get this? Like I can't get

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my landing is got One day it just clicks you

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know and you get it, and it's just and then

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finally the day that you the two There are two

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times that that are really memorable. Firstus, there is a

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point when you're flight training when you when you do

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a solo flight, when your instructor says, okay, you're ready

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to go off and fly on your own, and they

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give you they give you a sign off and you

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can go do that and you do a couple of

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takeoff you do three takeoffs and landings on your own,

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and that's just like doing that all by yourself. That's

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just amazing. It's you know, it's it's it's obviously it

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feels a little scary at first, but it's also you know,

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you feel confident as well and develop you develop a

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great confidence as a highot doing that. And then and

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then when you go for your check right at the

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very end of your training and you have to go

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with a FA designated pilot examiner and they and they,

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you know, have you do a practical check ride through

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different maneuvers. And then when you land and they say

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you're now a private pilot, you've got your private certificates.

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Es.

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That was just like I fell on top of the world.

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Then you know that that day and I felt like

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I feel like that also, you know, to latch onto

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what I said earlier. That also was like another growth

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mindset thing, showing that, like you know, if you persevere,

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if you work hard, you can achieve it. And it

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really helped boost my confidence that I would say in

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irrevocable ways and and even raise the bar Ford expected myself,

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which I brought into my business career too.

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M so powerful. And so as you continue working with that,

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you talk about scaling the businesses, scaling fast and exiting.

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So did you run your own businesses? Well?

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So, yeah, So I had a couple different businesses I've

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been involved with. My initial business experience sort of going

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back to when I was younger and I lived in

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South Africa for seven years. So after I finished my

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undergraduate degree, which was an exercise science, I met a

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professor at a conference. I went to doctor Timothy Noakes,

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who ran who led an exercise science program at the

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University of Cape Town in South Africa, and I'd read

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a book he read called Loaw of Running. So I

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approached him and spoke to him after he spoke at

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the conference, and he told me about a program they

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had through yority of Cape Town, so I applied for it.

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I got a scholarship. I studied exercise science there as

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a postgraduate student, and then I was working there in

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South Africa, and I met my wife while I was

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living there on a blind date, and she was really

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excited about business. She studied a bunch of business courses.

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And I had at that time to developed my own

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little program at the Sports Science Institute called run Science.

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I was kind of running it. It wasn't my own business,

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but I was running as my own profit center. I

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really enjoyed that a lot, and my wife got mixed.

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My girlfriend at the time got me excited about about

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business too, and I started thinking about my grandparents, and

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you know, they had been very successful in their own

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respective businesses, insurance agencies on my dad's side, and and

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some variety of businesses, a construction company, apartments in a

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retail grocery store on my on my mom's side. And

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and then I read a book as well, someone recommended

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to me called Rich Dad, Poor Dad, by Robert Kyasaki.

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And that's why I came together with those other thoughts

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to start to change my perspective on my career and

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what I wanted to do, and so the nast time

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I want to go into business, I want to do this.

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I ended up. I ended up buying a branch of

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a restaurant franchise called Ocean Basket in South Africa. And

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I knew I didn't have the experience or education, had

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taken any business courses in high school or college or

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finance courses or anything like that. So I knew a

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franchise will provide, you know, some some support. So I

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and most franch most franchises, at least at that time

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in South Africa, restaurants, so I thought that would be

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a good way to go. It ended up definitely being

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business school for me. I made many many mistakes running

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that restaurant. The time that I did, I learned a lot,

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you know, I eked out a living. I didn't make

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a lot of money, but it gave me a wealth

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of education, a practical education running a business. And then

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I you know, ultimately it wasn't the right business for me.

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It wasn't something I was passionate about. So my wife

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and I sold it before we moved to United States,

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moved back that close to home, and then but you know,

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when I knew the restaurant wasn't right, but I knew

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I needed to find a business that I'd be passionate

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about that was going to be the key. And then

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I ultimately got up an insurance because my family had

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been in insurance. My dad's sided the family and my

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dad had as well. He encouraged me to consider that

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because he said that, and it's true within a lot

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of people don't realize, but insurance there are so many

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different specialties. You can kind of find an area of

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it that you you're interested in and kind of specialized there.

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And I was, ultimately, after working in insurance, able to

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you know, combine my aviation passion with my insurance experience,

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and that led me to acquiring an aviation insurance agency,

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which we did in twenty fifteen. My parents, you know,

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again unwavering support. They they helped me by by you know,

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providing the collateral to get the business loan we needed

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to buy that business, and it was and we bought it.

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It was just the owner and one other employee, and

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now we have about twenty five people on an organization

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and we've grown, you know, obviously a large multiple of

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what it was, you know, eleven years ago and why

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we've been doing having that growth. I've been I've been,

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I've been enjoying it. I've been loving it, and I

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think that it was created not only financial success, but

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also so personal, you know, with the people that have

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been part of our team that we've been able to

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to to you know, to empower and promote and you know,

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some of the things we do in the community, and

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just the personal satisfaction of doing something that's a family

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been something I'm passionate about. So you know, when someone

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approaches us and says, you know, we want to buy you,

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which we all private equity companies will do that because

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if they buy insurance agencies and they say what's your number,

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what's your number? I say, no, there is there's no number.

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You've got to have a number. And it's like, no,

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it's not And it's really true because you know, how

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can you put a price on something that's giving you

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personal satisfaction fulfillment. You know, if you think plenty of

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people like you know, social workers, teachers, a number of

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different jobs or people people have relative financial scarcity for

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spiritual fulfillment alone, where you can combine those two. When

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you get spiritual fulfillment something that fills your soul and

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fills your wallet at the same time. That's priceless. And

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that's my definition of what I call rainbow gold in

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my book. And it's something that I hope I can

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perpetuate to our family but my kids in the future.

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But that's that that's the counter narrative to the skill

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to sell mindset where you're just hustling. You have this

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hustle culture, you know, build, build, build, grow, grow grow.

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It's the expensive culture at the expensive personal uh satisfaction

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at the point at the expensive work life balance, hoping

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there's a light into the tunnel when you can sell

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the business and then get your reward. And I think

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there's a better way.

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M And that makes sense. What you're saying is that

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building that team that knows that we are not going

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to be sold out. We're here, they are fully engaged,

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and you build a team that's cohesive and invested. So

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you're building a sustainable business. So what would you say,

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are those five ingredients of building a successful and scalable

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and sustainable business.

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Absolutely, and I've come up with in the process of

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writing my book, I've come up with some key ingredients.

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Initially it was five, but I've added one to so

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I'm gonna give you six if that's okay. Of course,

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So I have an acronym for it. And you know,

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I think acronyms can be over huge. Read business books

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and there's so many acronyms you can't remember. The acronyms

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just too many. So I only have one acronym, but

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I think it's an important one. And in the acronym

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as Primer, and that has the six things. The first

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is for P is passion. I think it's important to

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if you're going to, you know, have a business, you

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be passionate about it. Now, passion isn't the only thing.

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It has to be a sustainable business model, but it's

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important because passion will help you get through the difficult times,

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you know, which every business has. It'll be a much

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easier to get through it if you're passionate about it.

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The second, the second letter in the acronym is are

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and that's for risk management. And with risk management you

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need to look at it both before you start, you know,

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the business venture, as well as while you're running it.

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And risk management doesn't mean risk avoidance. You know, businesses

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can be a risky thing. Every business has an element

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of risk, but it's a matter of assessing the risk

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and looking at you know, is there is the risk

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for this particular venture endeavor and acceptable for you, And

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that can vary at different managing those rare you know,

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so that hopefully the risky thing doesn't happen. But you know,

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a lot of people I think miss that one. That's

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an important one. And then and then I is uh,

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interpersonal relationships. And that has to do with relationships between

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your your customers, your clients, your employees, relationships with your vendors,

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you know, and and centers of influence. And I've you know,

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I've learned certainly in my business career that's critical, like

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you know, be there for people and will be there

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for you. Don't ever discount the importance of relationships and

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don't break you know, relationships and unless you have a

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really good reason. So that's the I. And then M

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is money since and that has to do with learn

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knowing accounting principles, knowing sales. I mean, every business, even

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even if you don't think your business is sales business,

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every business has needs to have sales.

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Absolutely like without sales, no business exists. It's so important

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and as David was talking about the risk management, it

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is also some businesses.

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And then and they don't they don't have the money

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since and if you don't have that, you need to

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learn it. And then and then and then E is

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environment and it has to do with having a healthy culture,

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purging toxicity in your company, and they could be toxic

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employees or toxic clients. Not every client's a good client,

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and making sure that you have a healthy environment because everybody,

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including yourself, is going to be much happier working in

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a healthy environments. You know where most of us work

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eight hours a day at least five days a week,

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and it's terrible if you're working in prison and you

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hate it, So that's important. And then the last one,

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this is the one I added, is resilience, and that's having,

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you know, having that growth mindset, having that perseverance, being

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willing to push through the tough times because every business,

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even a business you love, is going to be difficult

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all the times, and you have to be willing to

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be able to push through that, especially in the early years.

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One thing I've learned, you know, no matter how business

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now that you start, whether they're starting a business from scratch,

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it's the best idea ever. You're buying a great company.

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The first couple of years especially, you're going to have challenges,

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so be prepared for it and be willing to persevere

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to it.

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Absolutely some great nuggets over here, David, And when you

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talked about that, there are going to be challenges in

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the first couple of years, so not only during those years,

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but also later down the years in the market trends change,

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not official intelligence is there, so where so many things

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are changing, you know, where beforehand, like you know, software

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engineers were coding, Now sixty five to seventy percent of

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coding is being done by official intelligence. So a lot

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of changes can happen. So there can be risk anytime

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in a business. So what are some of the risk

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management factors that people can consider either when they're starting

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their business or when market trends change.

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I mean there's a lot of factor you know, risk manufacturing.

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Some of the risk factors you know, you can trans

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sometimes you can transfer that risk where there's certain things

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that you can and that's where insurance comes in, right

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where you can ensure against certain types of risks. You know,

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typical typically things like you know, risk of of you

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know of fire, of liability claims from people suing. You know,

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those are risk of property damage, bodily injury. Those are

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risks that you can usually get insurance for, and that's

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really important and transfer that when you can. You know,

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some risks can be transferred contractually with the contracts you have,

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but there are some risks that you can't be transferred,

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and those are typically you know, one is speculative risks,

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like you have a chance of gain or loss, like

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if you invest in a new product or you know,

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a new a new type of venture, whether it's financially

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successful or not, that's a that's a risk you can't

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you can't get insurance for, and you have to be

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willing to accept, be able to live with the worst

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case outcome. And then there's like the risk of obsolescence,

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where like maybe the technology that you're using becomes obsolete,

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and that plays into what you're talking about with like

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AI and companies that don't adapt. Companies don't frankly don't

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adapt to the technology it's available today are going to

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become likely to become obsolete in the future, and other

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companies that do are going to get ahead of them.

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And that's a risk, and you know that's a risk

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you can control because you can you know, adapt to

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technological change. And you know, to me, from my perspective,

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it's not scary. I think it's a great opportunity. It's

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good opportunity for growth to be able to to you know,

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to be able to and then of course if you

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do embrace it, you know, beat your competitors who don't.

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But trying to ignore it instead of putting your head

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in the sand and saying like, you know, I'm not

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going to do that, or you know, no one's going

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to force me to adapt to this new way of

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doing things. You know, that's a little naive because I

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How to Build a Business that Feeds Your Soul?

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