The financial crisis was tough on a lot of families, and a lot of businesses. Dr. Phil Carson was no exception to the hardships that came with it. He shares some of what kept him afloat during this valley, which were to keep pushing through the tough times, and surrounding himself with podcast to learn new things.
Bix and Joe Bickson are the masters of future hacking.
“What we call a future hack is to get inside your guts or the guts of your organization, and develop the ability to create and fulfill the future of your choosing.” – Joe Bickson
Future hacking is the end of consulting. If you put new ideas in the old box, you'll just get more of what you already have, but with a new name.
The hiring process can be tricky. Having the right job description, the right pay rate, and finding the right people. Having a good solid job description and asking for referrals are the two best keys to getting the right candidates. Thomas Rock Lindsay shares some tips that he uses in his business when it comes to hiring.
Espree Devora uses delegation, and outsourcing, to help create more time for work. She created the "outsourcing cheat sheet" to create an easy, and actionable way to help people find companies to outsource some of the work load.
Some entrepreneurs hustle and grind for a few years, and go through a 4 or 5 businesses. Douglas Hutchings talks about how his business started in college when a class he took challenges the students to start a business with a real cash prize up for grabs. Two of his partners for this project went on to pursue jobs in their respective degrees, and he continued on with this business idea.
Eddie Yoon is a category expert, sharing the traits and secrets of the category expert world in business. Wal Mart, and Amazon are two big retailers in the "grocery wars." Eddie gives his take on this battle between the two giants. Amazon, and Wal Mart both have their strengths and weaknesses.
Sometimes the best origin stories for entrepreneurs comes from just saying "YES" to an opportunity, then figuring out how to accomplish it after. This is what happened to James as he began doing carpentry work, and people began to ask him to construct various items. He did not have any carpentry background, but with the power of the internet and person drive, he was able to find the solutions and educate himself. This later led to a partnership in the business.
All new businesses have their unique challenges. Elena shares the challenges she faced when Mama's Milkbox started gaining market traction. Orders were coming in, almost too many orders. That's a pretty good problem though, right? Yes! That did however, cause them to put their ordering site on hold until they could catch up. That made things difficult when many people wanted to get their orders in, but she new that with her and her small crew that they had to in order to keep from getting too far behind. They're only human by the way! They can only pack so many boxes. The came up with a unique solution though. Take a listen and see how they solved this unique problem.
There a many myths behind owning your own business. Tim Fulton sheds light on some of the most common myths.
Have you heard or said these myths?
"The longer you have the business, the easier it becomes"
"Everyone who starts a business is a visionary, entrepreneur, thought leaders"
When you open your doors, it's not all smooth sailing. Tim gives some advise on the mindset based on it being continual work, and a evolution process
Melissa Lay is the owner of SandiLake clothing, and she shares how she stays relevant with the designs she makes. Her inspiration comes a lot from imagining what would look good on her kids, and the outdoors, and also bouncing ideas off of her design team. Melissa was also on SharkTank, and gives insights into the process of getting onto SharkTank.