John Lee Dumas - Entrepreneur On Fire

EntrepreneurOnFire is a top ranked, 7-day a week business podcast, hosted by John Lee Dumas, interviewing today’s most successful and inspiring Entrepreneurs. They share the journey of their spotlighted guest, highlighting a failure and lessons learned, an AH-HA moment and the steps taken to turn that moment into success, and the LIGHTNING ROUND where John asks five questions that extract nuggets of wisdom from his guests.

Guys, if you are not listening to podcast you need to get with it.  2014 Is the year of the podcast.  There is tons and tons of free info waiting for you to listen to.  Pick a topic that you are interested in and I bet there's a podcast waiting for you. 

EO Fire is by far one of my favorite business podcast, and John's easy going style extracts pure gold from his guest.  Since John is an audio guy he decided to record himself answering the questions I gave him. Enjoy! 

Shawn Sadowski - My New Enterprise.

Shawn is currently planning on embarking on a cross country 4,000 mile bike journey to interview America's best entrepreneurs. He will be riding from the west coast of Oregon to the East coast of Virginia.  You can support his tour by backing his kickstarter campaign that will launch April 29th.  Register here to be notified when it goes live: http://prefundia.com/projects/view/my-new-enterprise-tour-2014/1193/

 

What is the name of your business and what type of industry are you in? 

My New Enterprise – We are an entrepreneurial training and film production company. We travel the world documenting the stories of successful entrepreneurs and helping business owners grow their companies.

How old where you when you started your first business? 

I was 24 years old when I first started a software company for the transportation industry.

How did you know you were an entrepreneur? 

I’ve always been very independent. As a kid, I used to tell my mom that I wanted to “own hotels” when I grew up. After I graduated from high school, I took a two-year sabbatical to Europe. When I got back to the States, I bounced around from job to job for a few years while I was looking for the right business to start. After a failed stint as a ski bum and restaurant server, I finally decided to take the leap and started my first company. Things didn’t always go smoothly with that company and I made a lot of mistakes, but it was the best professional decision I ever made.

What is something you do on a daily basis that you believe aids in your success? 

Exercise – It helps me clear my head and focus. I also try to do something fun that makes me laugh every day.

What is best advice you received while starting your business? 

Fail quickly and cheaply.

What advice would you give to someone who is thinking about starting a business? 

Fail quickly and cheaply. (Best advice I ever received.)

Also, things will not go the way you expect them to go, so be prepared to pivot and change directions.

What is one resource you cannot run your business without? 

We couldn’t run our company without great mentors and advisors. I’ve tried to build a network of successful business builders whom I respect and who are willing to provide guidance. When I have a question or my business is facing a challenge, I am always quick to ask for help.

What is the best book you have read this year? 

Two actually:

Financial Intelligence by: Karen Berman and Joe Knight

Leadership and Self-Deception by: Arbinger Institute

How can we connect with you? 

Twitter: @mynewenterprise Personal Twitter: @shawnsadowski

Open advice or words of wisdom: 

I talk with people all the time who have great business ideas. In fact, almost everyone has an idea. Unfortunately, there is a big difference between a great business idea and a real business opportunity. I have found that a real business opportunity typically consists of the following components: (1) An idea for meeting or better meeting a need, (2) A credible position within the industry, (3) The resources needed to implement the idea, and (4) Customers who are ready to buy the product RIGHT NOW!

Some aspiring entrepreneurs believe a “great idea” is everything (component 1), and that anyone can turn it into a business. While this may have been true in past decades, today’s ever changing economy requires excellent execution of the idea (components 2, 3 and 4). When all four components align themselves, starting a business becomes much less risky and successful entrepreneurs will typically have the courage to take the risk and face the challenge.

 

HERE IS THEIR KICKSTARTER VIDEO: Please support these guys in any way you can, there an awesome bunch and doing great stuff for the entrepreneurial community!

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Grant Cardone - The 10x Master

It only took me about one hundred and twenty nine seconds into listening to Grant Cardone's book 'the 10x rule' for me to realize that I had just found a new social mentor.  This guy was on FIRE and was just what I needed to encourage me to start taking massive levels of action for my brand.  So, I reached out to his team with some questions in which I was sure the answers would inspire all of you just like they have me.  Connect with Grant, sign up for his news letters, and be encouraged by him. Here ya go, Enjoy! Leave comments if you wish -

Start Today -

Jimbo

1. What is the name of your business and what type of industry are you in? 

Cardone Enterprises focuses on providing web based sales training to fortune 500, 100 companies and individual sales professionals interested in increasing productivity and profits. Cardone Group offers one on one sales training, drills and actual scenario role play to work through common objections salespeople encounter during transactions. Cardone Acquisitions focuses on multi-family real estate investments. So my businesses are in sales training and real estate investing. I do both. 

2. How old where you when you started your first business?

29

3. How did you know you were an entrepreneur?

I knew when I was 10 I wanted to be a businessman. In my 20's I kept getting fired from every job or I was disinterested. I wanted to create solutions and do my own thing and not have imposed limits on my personal success. Entrepreneurship is hard work and it requires a constant high level of commitment to massive action and this is what keeps me motivated and inspired. 

4. What is something you do on a daily basis that you believe aids in your success?

Goal setting. I have a legal pad and I write down my goal every day. It pushes me. Simple thing to do, but I think bigger and actually see my words written on paper. I also don't get bogged down with too much planning. I just go. I attack each day and know which deals I'm focused on closing on. 

5. What is best advice you received while starting your business? 

If you are born broke its not your fault, if you stay broke it will be. 

6. What advice would you give to someone who is thinking about starting a business?

Spend more time calling on customers and less time planning to talk to customers. Get ready to work 24/7, get obsessed, attach the purpose of the business to something more than money, never quit, seek out information and keep learning and the most important thing... GET ATTENTION for being the "go-to" expert in what it is you do. You can accomplish this today very easily thanks to social media so take advantage of this and get known. 

7. What is one resource you cannot run your business without? 

People that are all on the same page - there is nothing more valuable than having a team of people that all believe in me even more than I believe in myself.

8. What is the best book you have read this year? 

Problems of Work by L.Ron Hubbard

9. How can we connect with you? 

Sign up for my free strategy of the week which I send directly to your email/phone: http://grantcardonesuccess.com/

Twitter I'm @grantcardone (and yes, it's really me tweeting) 

Facebook: https://www.facebook.com/cardonesuccess

YouTube (over 1200 videos FREE!) https://www.youtube.com/GrantCardone

My Website: http://www.grantcardone.com

10. Open advice or words of wisdom:

Get obsessed with greatness and success. It's really important to surround yourself with positive people. I adopted a No Negativity Allowed mantra and I suggest anyone striving for greatness do the same. Stay away from average people who tell you 100 reasons why something cannot be done. Always read and study what others you admire did and are doing. Keep learning. Strive for greatness in all areas of life and that is where the balance is. Don't settle for average. Be great! Nothing else pays. 

Jeff Bezos - Amazon Founder.

 Watch the video for the full article click here

Entrepreneur and e-commerce pioneer Jeff Bezos was born on January 12, 1964, in Albuquerque, New Mexico. Bezos had an early love of computers and studied computer science and electrical engineering at Princeton University. After graduation, he worked on Wall Street, and in 1990 became the youngest senior vice president at the investment firm D.E. Shaw. Four years later, he quit his lucrative job to open Amazon.com, a virtual bookstore that became one of the internet's biggest success stories. In 2013, Bezos made headlines when he purchased The Washington Post in a $250 million deal.


P.s. did you know the amazon logo's arrow indicates that amazon has everything from A-Z. Check it out below, Your welcome! 



Colonel Sanders - To Old To Quit

If you talk to any amount of old people you will find out something most of them are good at.  Using the excuse that they are too old to start a new career, a new business, a new adventure.  "I'm past my prime, I'm washed up, I'm 50 years old, who wants to hire me",  Exactly, no body does.  Heck I will admit it myself, at my ripe old age of 25 I feel some what unemployable, I simply would suck at working for someone else. Plus the idea of working to help someone else's dream instead of mine just doesn't sit right with me. 

Another person who didn't let age define his success was this guy... 

Colonel Harland Sanders was Born in 1890 in Heneryville, Indiana.   According to his 1974 autobiography, before Harland Sanders became a world-famous Colonel, he was a sixth-grade dropout, a farmhand, an army mule-tender, a locomotive fireman, a railroad worker, an aspiring lawyer, an insurance salesman, a ferryboat entrepreneur, a tire salesman, an amateur obstetrician, an (unsuccessful) political candidate, a gas station operator, a motel operator and finally, a restaurateur. 

Sound like an entrepreneur? I think so, the guy never had a bad idea, or so he thought. 

In 1930, the then 40-year-old Sanders was operating a service station in Corbin, Kentucky, and it was there that he began cooking for hungry travelers who stopped in for gas. He didn't have a restaurant yet, so patrons ate from his own dining table in the station's humble living quarters. It was then that he invented what's called “home meal replacement” — selling complete meals to busy, time-strapped families. He called it, “Sunday Dinner, Seven Days a Week.”

As Sanders' fame grew, Governor Ruby Laffoon made him a Kentucky Colonel in 1935 in recognition of his contributions to the state's cuisine. Within four years, his establishment was listed in Duncan Hines' “Adventures in Good Eating.”

At the age of 65, a new interstate highway snatched the traffic away from his Corbin, Ky., restaurant and Sanders was left with nothing but a Social Security check and a secret recipe for fried chicken.

Never letting anything get in his way he pressed on despite this challenge.  In 1955, confident of the quality of his fried chicken, the Colonel devoted himself to developing his chicken franchising business. Less than 10 years later, Sanders had more than 600 KFC franchises in the U.S. and Canada, and in 1964 he sold his interest in the U.S. company for $2 million to a group of investors including John Y. Brown Jr. (who later became governor of Kentucky).

Until he was fatally stricken with leukemia in 1980 at the age of 90, the Colonel traveled 250,000 miles a year visiting KFC restaurants around the world. His likeness continues to appear on millions of buckets and on thousands of restaurants in more than 100 countries around the world.

Not bad for a man who started from scratch at retirement age. The moral of the story is this: if you feel to old, maybe you have lost your passion, or you're recently retired and looking to FINALLY start that business you ALWAYS said you wanted to START.  The best time to start a business was yesterday, stop using the excuse your waiting for the perfect business or the perfect opportunity.  It never comes, its never perfect.  Don't be that old guy sitting in the rocking chair telling your grandkids how you ALMOST started a business once.  Be the old fart telling your grandkids they can do anything, at any age -- 

Be inspired, START -- 

 

 

 

Thanks to Colonel Sanders for the info. 

Spot Light Saturday -- Luis Vuitton.

Entrepreneur's, side-preneurs, and wantrepreneur's don't take weekends off, so why should we? 

On Saturday's we will be spotlighting an interesting Entrepreneur, it may be someone well known to the world, or it may be someone in my local context that is just starting out.  Enjoy be inspired and get started --

There probably isn't a person in the world that doesn't know what a Luis Vuitton bag is.  People buy these bags mostly as a fashion statement over practical use, though I bet some would fight me tooth and nail over that statement.  

But how did it all begin? Was Luis born into a wealthy family with plenty of working capital for him to live his dream without risking anything? Did he easily rise to the top of his game over night? Not really. 

Luis was born into a working class family on August 4, 1821.  Most of Vuitton's ancestors were joiners, carpenters, farmers and milliners. His father was a farmer and his mother was a milliner.  Nothing was handed to Luis, his family worked hard for what they had and he was expected to do the same.  At 13 years old Vuitton left home alone and on foot, bound for Paris [remember this is before cell phones]. He traveled for more than two years, taking odd jobs to feed himself along the way and staying wherever he could find shelter, as he walked the 292-mile trek from his native Anchay to Paris. He arrived in 1837, at the age of 16.  

Vuitton then took an apprenticeship [made little to no money] with a well known "box maker" [box-making and packing was a highly respectable and urban craft. A box-maker and packer custom-made all boxes to fit the goods they stored and personally loaded and unloaded the boxes.] After only a few short years Luis became well known for his new found craft amongst Paris' elite.  In 1851, Luis was hired by Napoleon III's wife to "packing the most beautiful clothes in an exquisite way."  This was a huge break for Luis, a break that would have never happened if 16 years earlier he never set out for Paris.  If he never would have started, he never would have gotten the opportunity.  Call it luck, call it providence, but if you never knock on any doors none will open. 

1854 - the year of change for Luis.  After perfecting his craft and earning a reputation amongst the locals in Paris he decided to open his own shop, The sign outside the shop read: "Securely packs the most fragile objects. Specializing in packing fashions."  Four years after opening his own shop, he created a whole new bag, Vuitton debuted an entirely new trunk. Instead of leather, it was made of a gray canvas that was lighter, more durable and more impervious to water and odors. However, the key selling point was that unlike all previous trunks, which were dome-shaped, Vuitton's trunks were rectangular—making them stackable and far more convenient for shipping via new means of transport like the railroad and steamship. Most commentators consider Vuitton's trunk the birth of modern luggage. This was a huge success for Luis and it propelled his business to new heights.  As small business we constantly need to be reinventing ourselves.  Unlike the big corporations we are able to pivot and change directions in our business much faster, thus beating out the competition, as long as we are constantly innovating.  Get outside your confront zone, create something new and different then all the rest.  

In 1870, however, Vuitton's business was interrupted by the outbreak of the Franco-Prussian War, and because of this war and the siege on Paris his store was destroyed. "Showing the same stubborn, can-do spirit, he displayed by walking almost 300 miles alone at the age of 13, Vuitton immediately devoted himself to the restoration of his business. Within months he had built a new shop at a new address, 1 Rue Scribe.  For the next 20 years, Vuitton continued to operate out of 1 Rue Scribe, innovating high-quality, luxury luggage, until he died on February 27, 1892, at the age of 70. But the Louis Vuitton line would not die with its eponymous founder. Under his son Georges, who created the company's famous LV monogram and future generations of Vuittons, the Louis Vuitton brand would grow into the world-renowned luxury leather and lifestyle brand it remains today."

 

Most of the info in this article came from here.