As an entrepreneur, "losing" is a risky word. But though victory is enthralling, it's also fleeting; there'll always be another mountain to climb. Failure teaches you something new every time. This is why failures shouldn't bother you so much; it is never about winning or losing; it's about winning or learning, as Nelson Mandela once said.
In this episode, Mike is joined by Serial Entrepreneur Jonathan Shroyer. Jonathan shares all about building successful businesses, learning from failures, and building your company atop solid foundational principles. He also talks about ideating, how he assesses the multiple ideas that cross his mind and scaling your business by implementing structure.
Tune in to catch a win-or-learn mentality to scale your business to greater heights.
EPISODE 3 SUMMARY & HIGHLIGHTS
Why is it important to start a business that answers a need? What are the critical steps to building a business?
1. Start with a need or demand.
2. Create a unique solution to address the need or solve the problem at hand.
3. Assess your solution – Think if it can scale over time.
4. Ask yourself if you have the passion, grit, resilience, and willingness to get through the inherent differences when they arise.
5. In addition to the initial steps, it’s essential also to ask yourself how to scale your business, what your team should look like, what skills or competencies you have or need to acquire and when to acquire them.
What are Jonathan’s company’s guiding values?
How do you scale your business?
How did Jonathan develop the skill of ideation?
How do you assess an idea?
Closing advice from Jonathan.
Believe in yourself and write down your goals. If you don’t write it down, it will only remain in your thoughts.
RESOURCES MENTIONED ON THE PODCAST
● Book: Lead With No Fear by Mike Acker
● Book: Mindset: The New Psychology Of Success by Carol Dweck
CONNECT WITH JONATHAN SHROYER
CONNECT WITH MIKE
(Full show notes & more resources visit connect.stepstoadvance.com)
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