Entrepreneur Series Lesson 10 – Passion, Persistence, and Perseverance

Lessons one through nine of my entrepreneur series were lessons extracted from my own business and other business owners across the country over the past twenty years.   Undoubtedly in your first year of business, you will make your fair share of mistakes like anyone starting a new venture.   There are so many valuable pieces of wisdom to learn as an entrepreneur, but here are my big three traits you must have to truly succeed in your business. Passion – Many business ventures people conjure up in their heads often revolve around the dreams of making a lot of money.  While building your wealth can be an outcome of a successful entrepreneurial pursuit, passion around your dreams is what will get you through the good times and the bad times.   When you get out of bed every day with emotions that are so compelling around what you are doing, it becomes easy to motivate others to get excited around that dream.    ...

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Entrepreneur Series – Lesson 6 – Poor Staffing Decisions

One of the first things I heard when I got into management in my career is the phrase “you have to put the right talent on the bus”. While I understood its meaning, it took many years to realize how important hiring decisions are to grow an organization the right way. I also felt the pain of making poor hiring decisions, and how much time and productivity you can lose from just one bad hire. No entrepreneur lives in the panacea of having zero turnover as sometimes they might like to make it seem, but certainly making the right staffing decisions by putting people in the right roles can allow your start up venture to get off on the right foot. One of the critical questions to ask yourself early in your venture is what role do you (the CEO/owner) play in your firm. If I was to use a baseball analogy, what jobs are you going to be a ...

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Entrepreneur Series – Lesson 4 – Avoid Rookie Mistakes

I am not a professional athlete.  However, I would imagine that the rookie year on any of the professional sports circuits has to be daunting in nature.   Not only are you in front of some type of large crowd, it takes some time getting used  to all of the decisions you have to make to be the best of the best in what you do for a living.   Far too often, new entrepreneurs can make first year decisions which can put a major dent in the first year of your new entrepreneurial venture.  Even someone who has a lot of corporate experience cannot understand the firefight of being a business owner until you have to meet your first payroll.One great idea my business partner and I have put into place in our business is the 48 hour rule.   We’ve set criteria around what a ‘key’ decision is for our business and once we have made a decision on the direction ...

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Entrepreneur Series Lesson 10 – Passion, Persistence, and Perseverance

Lessons one through nine of my entrepreneur series were lessons extracted from my own business and other business owners across the country over the past twenty years.   Undoubtedly in your first year of business, you will make your fair share of mistakes like anyone starting a new venture.   There are so many valuable pieces of wisdom to learn as an entrepreneur, but here are my big three traits you must have to truly succeed in your business. Passion – Many business ventures people conjure up in their heads often revolve around the dreams of making a lot of money.  While building your wealth can be an outcome of a successful entrepreneurial pursuit, passion around your dreams is what will get you through the good times and the bad times.   When you get out of bed every day with emotions that are so compelling around what you are doing, it becomes easy to motivate others to get excited around that dream.    ...

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Entrepreneur Series – Lesson 2 – Incorrectly Pricing Your Product Or Service

In the first year of a start up operation, there is a great focus of energy from the new business owner on client acquisition.   Gaining new customers opens the floodgates for the generation of revenue to pay the bills of the business.   However, one of the tough lessons learned by young owners is not thinking clearly though pricing out the services of your business correctly. Most new business owners tend to undervalue what they charge for their work and services in order to compensate for not being as established as their competitors. As long as you have a top notch customer service experience and offer a product or service that’s similar or better than a competitor, you shouldn’t devalue yourself.   If you set this pattern up early with clients, it can be very difficult down the road to raise your prices with your initial customers. Here a few tips to determining if the price is right on your new product ...

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40 Year Old Business Virgin Radio Show with Tim McLellan, CPA Partner B2B CFO®

The BEST Business Radio Show TUNE IN LIVE – TODAY at Noon!!!! LISTEN ONLINE-Click Here Come join your hosts, Ted Jenkin and Kile Lewis; CEOs of oXYGen Financial EVERY Friday at 12pm as they interview local Atlanta Area CEOs to learn the do’s and don’ts of starting up, running, and growing a new business in today’s economy. Today’s Guests – Tim McLellan, CPA Partner B2B CFO® www.b2bcfo.com My Bio: www.b2bcfo.com/partners/tmclellan Phone 404.915.5539 Fax 800.264.9049 Tim has over 28 years of CFO and Controllership experience at companies ranging in size from $10 million to large Fortune 500 companies.  Tim spent his first seven years in the business world with Ernst and Young, a global Big 4 public accounting firms.  Tim then spent twelve years with a 60 location nationwide manufacturer and distributor of building materials as an internal auditor, tax guy, and Corporate Controller.  Tim’s final seven year stint in Corporate America was as the CFO for a network of commercial ...

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40 Year Old Business Virgin Radio Show with Don Rountree, President of Rountree Group Communications Management

40 Year Old Business Virgin – The BEST Business Radio Show TUNE IN LIVE – TODAY at Noon!!!! LISTEN ONLINE-Click Here Come join your hosts, Ted Jenkin and Kile Lewis; CEOs of oXYGen Financial EVERY Friday at 12pm as they interview local Atlanta Area CEOs to learn the do’s and don’ts of starting up, running, and growing a new business in today’s economy. Today’s Guests – Don Rountree, President of Rountree Group Communications Management Rountree Group, Inc. 11680 Great Oaks Way Suite 170 Alpharetta, GA 30022 Tel: 770-645-4545 Fax: 770-645-0147 www.rountreegroup.com Don is president of Rountree Group Communications Management, a leading results-driven communications management agency that provides a fresh, creative approach to corporate image-building, public relations (traditional and emerging) and marketing communications. Rountree Group has been in business for 25 years and has garnered more than 145 industry awards.  In addition to agency management and vision, Don is hands on with client work and oversees the agency work with IPREX, a global consortium of ...

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40 Year Old Business Virgin Radio Show with Gary Marshall – Write Here Right Now, Inc.

40 Year Old Business Virgin – Radio Show TUNE IN LIVE – TODAY at Noon!!!! LISTEN ONLINE-Click Here Come join your hosts, Ted Jenkin and Kile Lewis; CEOs of oXYGen Financial EVERY Friday at 12pm as they interview local Atlanta Area CEOs to learn the do’s and don’ts of starting up, running, and growing a new business in today’s economy. Today’s Guests – Gary Marshall Principal at Write Here Right Now, Inc. Write here Right Now 888-301-1816 www.thewritepromos.com Adept at combining his business acumen with a little Southern charm, Gary has paved the way for anyone to succeed in the extremely competitive milieu of marketing and advertising. Exceptionally hard working, he carved out successes for his company and his self at a string of jobs. First as a store manager at RadioShack, next as a lead recruiting specialist at MarketSource, where he quickly moved up in the ranks. Disappointed when he was denied further promotion, he left MarketSource to help CPI ...

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40 Year Old Business Virgin Radio Show – Our Guest Dr. J. Hannis Mize

40 Year Old Business Virgin – Business Radio Come join your hosts, Ted Jenkin and Kile Lewis; CEOs of oXYGen Financial EVERY Friday at 12pm as they interview local Atlanta Area CEOs to learn the do’s and don’ts of starting up, running, and growing a new business in today’s economy. TUNE IN LIVE – EVERY FRIDAY at Noon!!!! LISTEN ONLINE-Click Here Today’s Guest – Dr. J. Hannis Mize Owner of Peachtree Corners Animal Clinic & Little River Animal Hospital Little River Animal Hospital 15710 Birmingham Hwy., Alpharetta, GA 30004 770-619-1616 Peachtree Corners Animal Clinic 4020 Holocomb Bridge Rd., Norcross, GA 30092 770-448-0700 Dr. J. Hannis Mize purchased Peachtree Corners Animal Clinic in 1991. He also owns Little River Animal Hospital, which he built in 2002. Before arriving at PCAC, he practiced medicine at Johnston Ferry Animal Hospital and Cobb Emergency. Originally from Alabama, Dr. Mize attended Samford University, where he received a Bachelor’s Degree in Biology with a minor in ...

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