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Transcript of Ready To Start Your Business
Ready to Start Your Business?Episode 2
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Challenge yourself to create ambitious goals as you start and grow your business.
Episode 2 - Ready To Start Your Business?
Robert Dickerson
Robert is the Founder and CEO of Mapout a mobile learning platform that uses video courses to educate customers and train employees. He helps companies develop and launch
products.
Scott Davis
Scott Davis is the Founder and CEO of MobX, a mobile development software agency. He has 20 years of experience developing software for Government, Finance, Sports and the
Telecommunications industry.
Episode 2 - Ready To Start Your Business?
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@RobDickersonJr @The_Scott_Davis
Are you thinking of starting a business?
Let’s dive into 3 questions.
Episode 2 - Ready To Start Your Business?
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[1]
Why do you want to start a
business?
Episode 2 - Ready To Start Your Business?
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“You really need to think about what you’re trying to do and determine if it makes sense to
start your own business.”
- Robert Dickerson
Episode 2 - Ready To Start Your Business?
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Scott’s “Why” on Starting MobX
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● No longer want to be part of the corporate world● Want to be own boss● Key: Create products I could influence
Episode 2 - Ready To Start Your Business?
“When you are experienced - or you are passionate - a certain aspect of your creativity
gets killed by that corporate mentality.”
- Scott Davis
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“I wanted more control as well. I wanted more responsibility. It’s nice to be your own boss. To push things forward and really have the
freedom to make decisions.”
- Robert Dickerson
Episode 2 - Ready To Start Your Business?
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Failure is not a bad thing.
You can always pivot when you fail.
Episode 2 - Ready To Start Your Business?
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Corporate world complaints
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● Slow speed ● Insufficient resources● Cutting corners● Creating inferior products
Episode 2 - Ready To Start Your Business?
“I have to put out quality products and I have to do them right. If that takes an extra week,
then so be it.”
- Scott Davis
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Interact with customers
Figure out problems
Actually solve them
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Connections with people that lead to opportunities.
Episode 2 - Ready To Start Your Business?
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“You want to work together. You want to help each other out. It really helps you grow and it
really helps them grow. It’s a mutually beneficial relationship.”
-Robert Dickerson
“If you create positive relationships and do good work, it just comes naturally.”
-Scott Davis
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“Work ON your business, not IN it.”
{Excerpt from E-myth by Michael Gerber}
Episode 2 - Ready To Start Your Business?
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Shift your mindset.
You have to find people you can trust.
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Take a step back.
How you can grow your business without solely relying on yourself?
Episode 2 - Ready To Start Your Business?
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[2]
Are you passionate about this
idea?
Episode 2 - Ready To Start Your Business?
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“Your journey as an entrepreneur - starting your own business - has to be fun. It’s something I enjoy doing every day. If I didn’t enjoy it, I wouldn’t be doing it.”
- Robert Dickerson
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You want employees who share your passion.
How can you sell others on your vision?
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● Happiness● Money● Flexibility● Passion
“The passion for me is all about waking up every day and I can’t wait to get to work.”
-Scott Davis
The upside to your startup:
Episode 2 - Ready To Start Your Business?
If you’re not passionate about it, you’re not going to be able to ride through the ups, downs, and crazy swings.
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“What was the worst low for a week of my life, turned into the greatest adrenaline rush ever.”
- Scott Davis
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“For the past 33 years, I have looked in the mirror every morning and asked myself: 'If today were the last day of my life, would I want to do what I am about to do today?' And whenever the answer has been 'No' for too many days in a row, I know I need to change something.”
Steve Jobs
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1. Are you enjoying what you’re doing?2. Is what you’re doing rewarding?3. What are you getting out of it?
You need to ask yourself:
Episode 2 - Ready To Start Your Business?
[3]
Do you have the experience,
connections, and capital to get started?
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“You don’t have to know everything, but you have to have a learning mindset - where you want to connect
with people who know the things you don’t.”
-Robert Dickerson
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“Learn from someone else - like a mentor. Or learn from somebody that you hire. Hire them for a specific skill set
and trust them to do their job… and learn from it.”
-Scott Davis
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Don’t let lack of experience stop you.
You always need to be learning.
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Leverage your connections.
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How do you make sure you have enough capital to keep going?
Business type will dictate your cash flows and how they operate.
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“For me, I always bootstrapped. I always did the minimum I needed to get things going. I rolled my revenue into the business and once I had enough
revenue to hire people, I did that.”
-Scott Davis
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Start off small. It’s a long run payoff.
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1. What do you want from your business?2. What do you want in your life that your business
is going to help you achieve?3. Are you passionate about this idea?4. Do you have the experience, connections, and
capital to get started?
Things to think about:
Episode 2 - Ready To Start Your Business?
Create an outline.
Put together the pros and cons.
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Send us some questions.
We’re happy to lend our expertise.
stretchgoals.fm
Episode 2 - Ready To Start Your Business?
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