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Today topic is very interesting…!!!!
I have covered the actual role of entrepreneur in this video.
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Let me just throw it out there: being a startup CEO is the most demanding and mentally exhausting job I’ve ever had. The decisions you make, affect not only the future of your company but the future of the people who trust you to make the right decisions.
It’s extremely demanding. It never stops… and it’s also the most thrilling experience of my professional life.
Here’s some of my background in case you don’t know me: our company Slidebean is a web presentation platform, way more efficient than PowerPoint. We have over 600,000 sign-ups from all over the world, over MM in annual revenue and growing fast. We are a US company with a team of 20+ people based in New York City and in San Jose, Costa Rica, where I’m originally from.
I’m the CEO, and one of three company founders- and everything in these videos comes from my own experience, managing this, we’ll call it a successful company, and a previous one, who went out of business.
As a CEO you’ll need creativity, people skills, number skills, patience, resolve… but before all that, I think the most critical skill set a founder need is the ability to learn and adapt fast.
You will need to do a bit of everything in your company, especially when starting up- from tech tasks such as setting up an email to routing your domain- to understanding the employment legislation in your city, state, and country. As your company grows, you can delegate these tasks.
Starting with my core tasks, or the ones I feel I’ll never be able to delegate- and then moving to the functions that I am already looking to pass along to somebody else on the team.
– Rule #1: Don’t run out of money.
– Rule #2: Don’t run out of money. Balance new hires, budget expansion with revenue forecasts to spend capital efficiently. I’m understating how important this is.
– Define the company roadmap and strategy.
– Connect the tasks of all the teams.
– Optimize and facilitate.
– Preside over the Board of Directors.
– Create and care for the company culture.
– Keep the team motivated.
– Deal with compliance
On more Slidebean and me-specific tasks:
– Write the scripts for these weekly videos, and oversee the content marketing efforts we make.
– Approve large product or service purchases.
– Oversee the marketing site (our landing pages) and the strategy to improve it.
– Lead some of our new marketing experiments, once again, so I can understand them and then delegate them.
– Manage potential partnerships.
– Define salaries and benefits packages for our team, based on our company budget.
– Create and follow up on critical partnerships and business proposals.
Here are my top 3 priorities:
– Don’t start a company for the sake of starting a company: I see a lot of entrepreneurs who just ‘wanted to build a business’ and sat down to find an idea. That’s the wrong approach.
In most cases, your startup idea comes from your own experience: a unique industry insight you learned at your job, an exceptional talent you acquired, or a business opportunity that you have the skills to monetize.
– Uncertainty: be prepared for not knowing where your company is going. For the first few months or even years, you will have limited visibility about your future, so embrace living in the moment.
Most startups fail, that’s a sad but very real statistic, so even if your idea is great, be prepared mentally and financially to deal with failure. Don’t quit your day job until you are ready and know when to go back to a day job.
– Long working hours: as a founder-CEO, you are working on your business 100% of the time. Your brain is always going to be on your business, and it’s incredibly exhausting. Even vacations are hard to enjoy when people’s lives depend on your decisions.
Be prepared for the marathon of your life.
How to get into an accelerator: https://slidebean.com/blog/startups/accelerator-application-500-startups?utm_source=youtube.com&utm_medium=video&utm_campaign=video-content&utm_term=seed-funding
#startup #CEO #Entrepreneur
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En nuestro primer podcast, Ana Victoria García, fundadora de Victoria 147, ayuda al equipo de Entrepreneur a descifrar qué es un emprendedor.
¡Escúchalo! http://entm.ag/d3j
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For detailed notes and links mentioned in this video, please visit http://patrickbetdavid.com/mistakes-made-first-year-entrepreneur
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Today I want to talk to you about the dumbest mistakes I made my first year as an entrepreneur.
As I was making a list of all of the dumb mistakes I made, I realized that this episode could have lasted six, seven, or even eight hours, but instead of covering all of them, I’ll just share the 12 dumbest mistakes I made my first year as an entrepreneur.
#1: I Almost Quit – 0:22
#2: Trying to Become CEO Too Early – 0:49
#3 Trying to Take Advice from Too Many People – 3:16
#4: Not Knowing How to Ask for Advice – 5:22
#5: Forcing Vs. Influencing – 7:08
#6: Living the Dream Too Early – 8:21
#7 Trying to Sell Too Many Products as an Entrepreneur – 9:54
#8 Thinking I Knew it All – 14:01
#9: Partying Too Hard – 16:07
#10: Acting Like a Boss Instead of an Employee – 18:49
#11: Not Having a Schedule – 20:16
#12: Not Knowing the Value of a Business Plan – 20:59
Those were the 12 dumbest mistakes I made — there were a lot more! Comment at the bottom to let me know the biggest mistakes you’ve made, and if you haven’t already done so, be sure to subscribe.
For detailed notes and links mentioned in this video, please visit http://patrickbetdavid.com/mistakes-made-first-year-entrepreneur
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Schedule: New episodes every Tuesday and Thursday on a broad array of entrepreneurial topics. To see more videos from Entrepreneur Network partner, Patrick Bet-David check out VALUETAINMENT https://www.youtube.com/user/patrickbetdavid
This is one of my biggest tips to anyone looking to become an entrepreneur.
During my 10X World Tour, I dropped down on Bucharest, Romania to speak to over 4,000 entrepreneurs about marketing, advertsising, and the biggest mistakes I made when I first started my business.
This is a must watch!
Be Great, Nothing Else Pays
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Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding 0 million. Forbes named Mr. Cardone #1 of the “25 Marketing Influencers to Watch in 2017”. Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.
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Subscribe to channel for more epic videos: http://bit.ly/2aPEwD4 The Life of an Entrepreneur in 90 Seconds- Best Motivational Video for Entrepreneurs by Patrick Bet-David on Valuetainment.
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Script: by Patrick Bet-David:
Most people only pay attention to the final product of a
successful entrepreneur.
They say things like, “ I can never be like them” or “they got lucky”.
What most don’t see, is what they’ve overcome.
All the struggles, the daily rejections, the heart aches…
the betrayals, the rumors, the criticism…
the empty bank account, and all those lonely nights while trying to make their vision a reality.
You see the only difference between the one who quits and the one who doesn’t is
that they showed up every day,
they worked hard every day,
they hustled every day,
they learned from a proven mentor every day,
they improved every day;
They did all this even though they felt like quitting every day.
And eventually,
they became who they are today.
Crew and Cast:
Producer: Patrick Bet-David
Lead Actor: Patrick Bet-David
Narrator: Patrick Bet-David
Director and Editor: Paul Escarcega
Director of Photography: Ilya Chegodar
Behind the Scenes Director of Photography: Tigran Bekian
RED Camera Operator: Martin Lasa
Gaffer: Phil Masters
Valet Actor: Nick Schmidt
Other Actors: Tom Ellsworth, Tigran Bekian, Mario Aguilar, Paul Escarcega
Valuetainment Staff: Tigran Bekian, Mario Aguilar, Paul Escarcega To see more videos from Entrepreneur Network partner, Patrick Bet-David check out VALUETAINMENT https://www.youtube.com/user/patrickbetdavid
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Since Branson founded Virgin in 1970, the company has grown from a small record outlet to a global powerhouse. Can the brand continue its success without him?
Question: What is your advice for entrepreneurs? Richard Branson: I think the most important thing about running a company is to remember all the time what a company is. A company is simply a group of people. And as a leader of people you have to be a great listener and you have to be a great motivator. You have to be very good at praising and looking for the best in people. People are no different from flowers. If you water flowers they flourish, if you praise people they flourish. And that is a critical attribute of a leader. Question: What has been the most difficult part about running Virgin?Richard Branson: There is a very thin dividing line between success and failure. Most people who set off in business without financial backing they fail at some times in their lives. I’ve only just stayed at the right side of that dividing line. For instance, just after… You know we had a record company. I was fed up flying on other people’s airlines. I felt that the experience of flying on other people’s airlines was an unpleasant one and I decided to set up an airline. Well our bank went into a complete panic attack and when I came back from doing the inaugural flight of Virgin Atlantic’s very, very first flight from London to New York I came back to find the bank manager sitting on my doorstep and informing me that they were going to close Virgin down on the Monday and this was the Friday and that I had two days to effectively pay them off the monies that they’d loaned us and I remember pushing the bank manager out of my house, telling him he wasn’t welcome, which is a dangerous thing to do to your bank manager and then spending the weekend ringing around the world to all of the distributors of our music asking if they could give us a temporary loan to get us through the following week, which they were good enough to do and by the end of the week we had changed banks and we actually managed to find a bank that was willing to lend us 30 times the overdraft facility that our bank had lent us and we managed to survive. And I think the moral of that story is actually don’t think of your bank as somebody that you’re beholden to. I mean don’t… You know people just don’t move from one bank to another. Sometimes you need to be willing to step up and move your banks in the same way that you should step up and move your doctor on occasions and anyway, I learned from that lesson. Question: Can Virgin continue to be successful without you?Richard Branson: Virgin does work very well without me. I mean I use myself to build the brand, to build the sort of three or four hundred companies around the world, but I also learned the art of delegation. I have a fantastic team of people who run the Virgin companies, give them a lot of freedom to run the companies as if they were their own companies. I give them the freedom to make mistakes and the Virgin brand is now maybe one of the top 20 brands in the world, well respected. And when my balloon bursts Virgin will continue to flourish. And maybe I add the icing on the cake on occasions, maybe they’ll have to spend a bit more money on marketing, but fortunately Virgin is in a state where it can live on healthily without me. Recorded September 22, 2010 Interviewed by Victoria Brown
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