Entrepreneurial Mastery: Wisdom From Successful Entrepreneurs
with Best of Making Bank Series
Welcome back to Making Bank. On today’s episode, we have a compilation of previous episodes with Mike Mcderment, Jack Lee Matthews, Ethan Mollick, Jerry Fetta, Josh Elledge, David Neagle, Kevin Harrington and Mark Timm and in this episode you will hear tips and tricks from top entrepreneurs about the guide to success.
(2:30) Mick Mcderment
Culture is as important as marketing and anything else. Take lots of steps in ensuring a beautiful culture in your work environment. Make sure your employees feel that they matter. Take care of the team, so that your team takes care of your customers and in turn the business will be taken care of.
(8:06) Jack Lee Matthews
Understand your value and other people’s values. Everyone has value. You all have something to share. Learn to know what that is and inspire other people. Believe in yourself. You only have one life, live it to the fullest. Achieve your dreams. Don’t let others’ failures determine where you stand.
(16:01) Ethan Mollick
Many people think entrepreneurship is a young man’s game and as a result they stop themselves from taking any opportunities. The average age for a founder is 42. Never assume it is too late for you to start. Gather your resources and do the business you want to. Take the step and give it your best.
(23:15) Jerry Fetta
Once a week sit down and have a wealth meeting. Have goals and check your income goal. Sit down and look where your income is coming from. Look at your budget. Always have a budget because it’s important to know how much you spent.
(29:56) Josh Elledge
You find a way to do something very nice for the people you are trying to work with. Ask them what they’re looking for. Know what they need and offer to do something for them first at no cost. This is how you build relationships and how you can expand your network.
(34:58) David Neagle
You have to be clear on what you want. If you are uncertain, you need to go back and ask yourself who you really are and what you want to do with your life. You need to learn to make mistakes. The more you get to know yourself, the more you find your purpose.
(39:00) Keving Harrington
If you are in business, you need to learn how to accept failure. What you need to do is learn how to fail fast and fail cheap. Don’t hold onto something so tight. You always need to be ready to move forward when something fails. You learn from it and get over it and then you can move on quicker.
(43:07) Mark Timm
The one thing you can do if you want to change your trajectory is to get the right mentors. No one’s meant to do business alone. You need coaches, you need help. Talk to people who are already in the field. Ask for advice and get their insight on how to be successful. Get a mentor.
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