TrepTalks

21

May'14

Creating An Actionable Business Plan That Guides Your Business To Success | Devesh Dwivedi

Business coach and author Devesh Dwivedi shares the importance of creating a Business Plan for entrepreneurs who are starting or running a business. He also shares his unique approach to creating an actionable business plan which he calls a Two Sentence Business Plan.


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Guest Bio

Devesh Dwivedi is a serial entrepreneur, business coach and consultant who loves to help aspiring entrepreneurs. Devesh has helped hundreds of entrepreneurs start and grow their businesses. He helps the cubicle imprisoned aspiring entrepreneurs get out of the 9-5 rat race and start a business based on their purpose, passion, and priorities. He can be reached via his websites:

http://deveshdwivedi.com/

http://twosentencebusinessplan.com/

http://idea2inception.com/

http://www.breakingthe9to5jail.com/

Things You Will Learn In This Interview

This is a lively interview where Devesh Dwivedi shares his experiences and insights on entrepreneurship and creating actionable business plans. Devesh is entrepreneurial by nature but like most Asian families he was encouraged by his family members to seek out a “safe” life, job etc. He completed an MBA degree and was climbing the corporate ladder in different capacities for almost 5 years but never felt satisfied. He finally came to the realization of what his real passion is – helping other entrepreneurs succeed – and ended up creating a business coaching and consulting firm Idea 2 Inception.

He also documented his journey as well as the journeys of others who have left the corporate world to pursue their passions into an advice book called Breaking the 9 to 5 jail.

[click to continue...]

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07

Feb'14

Interview with Shark Tank Jump Start Your Business Author | Michael Parrish DuDell

Are entrepreneurs born or made? Michael Parrish DuDell, author of Shark Tank Jump Start Your Business, shares his lessons writing the book and what it takes to become a successful entrepreneur.


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Guest Bio

Michael Parrish DuDell is an entrepreneur, keynote speaker, and bestselling author of Shark Tank Jump Start Your Business—the official book from ABC’s hit show Shark Tank on how to successfully launch and grow a business from concept to cash. He is also the founder of consulting firm Race + Vine.

Things You Will Learn In This Interview

In this interview, Michael shares a variety of insights about what it takes to be a successful entrepreneur, lessons he learned from “The Sharks” while writing the book, and his best advice. Some of the questions/topics discussed in this interview are as follows:

1. Are entrepreneurs born or made?

2. Is there something different about “The Sharks” that make them successful as entrepreneurs?

3. Why is it important to consider failure when starting out on an entrepreneurial endeavor?

4. Is it smart or “moronic” to take out a loan to start your business?

5. Why “Passion” should not be your reason for starting a business?

6. How young students/professionals/entrepreneurs can find what their passion is?

7. Should you pursue an MBA if you want to become an entrepreneur?

8. Michael’s biggest lesson for aspiring entrepreneurs.

Tweetable Quotes from this Interview!

Click to Tweet>>>> There is no substitute for sweat equity.

[click to continue...]

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23

Jan'14

How Listening To Customers Allowed This Entrepreneur To Create a 7-Figure Business | Rick Winfield

Rick Winfield shares the story of how listening to his customers allowed him to rapidly grow his technology company and sell it for mid-seven figures.


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Guest Bio

Rick Winfield is the founder of ComputerTrainingSchools.com (sold to Quinstreet). He is also and Investor/Advisor to numerous startups (focus on Lead Gen/Internet Marketing/Internet Technology).

Things You Will Learn In This Interview

In this interview Rick Winfield shares the story of how he created ComputerTrainingSchools.com, some of the initial startup challenges, how listening to his customers allowed him to tweak his monetization strategy, and what made him decide to sell his company.

The big lesson that Rick shares in this interview is that you always have to be willing listen to your customers. You may have grand ideas in your own head but, in the context of a business, they are useless if your customers don’t find them useful. Some of the questions and topics that I discussed with Rick are as follows:

1. How did he get the idea for ComputerTrainignSchools.com and what were the first steps he took to start the business?

2. What were some of the Startup challenges Rick faced when starting a tech company?

3. How he financed the early phases of his startup?

4. How did he go about finding his first paying customers?

5. Why did he decide to change his monetization strategy and how did it accelerate his business growth?

6. What made him decide to sell his company?

[click to continue...]

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20

Dec'13

How A Real-Estate Entrepreneur Made A Multi-Million Dollar Net Worth Flipping (Wholesaling) Homes | Nick Ruiz

Nick Ruiz shares how he made a multi-million dollar net-worth in through real-estate investing and flipping homes and some tough lessons learned along the way.


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Guest Bio

Nick Ruiz is a self-made entrepreneur, real-estate investor, home flipper/wholesaler and real-estate coach. You can connect with him at RecycledGoGetter.com

Things You Will Learn In This Interview

We did something special with this interview. Nick invited me to join him on his show RecycledGoGetter.com where he interviews successful entrepreneurs who started from scratch and we decided to interview each other about business, entrepreneurship and life.

In this interview, Nick shares his entrepreneurial story, how he got started in the real-estate investing and what happened after the 2008 real estate crash. Nick made a multi-million net worth flipping/wholesaling distressed properties. He created a funnel where once he found a suitable distressed property all he had to do is follow step by step system and he could finish the deal within a matter of hours.

Flipping or wholesaling means finding suitable properties and selling it to real-estate investors who are willing to pay cash for the property and a “good” finders fee to the middle person.

Nick also shares his “bankruptcy” story after the 2008 real-estate crash, some lessons he has learned as a result and his way forward. There is also some inspirational entrepreneurial talk between the two of us. Hope you will enjoy this interview.

Tweetable Quotes from this Interview!

Click to Tweet>>>> It doesn’t matter what industry you are in.

[click to continue...]

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13

Dec'13

Entrepreneurship Lessons From A Small Business Coach | Mike Kawula (Part 1)

Mike Kawula (small business coach) has started multiple successful small businesses and shares some of his entrepreneurial lessons in the first part of the interview.

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Guest Bio

Mike Kawula is the founder of Self Employed King where he provides specific strategies to help small business grow. Previous to this, Mike ran a successful cleaning franchise business that he grew to a million dollar annual revenue with 35 employees and sold in 2012. During this time, he also started an online (eCommerce) retail store selling office and cleaning supplies that was ranked by Inc. Magazine as the 144th fastest growing company in 2012 and became a multi-million dollar store. You can connect with Mike via his email: [email protected]

Things You Will Learn In This Interview

Mike Kawula is an entrepreneur and a connector. In this first part of the interview, Mike shares many great lessons from his experiences starting and running small businesses in the past. One of the big lessons he shared is that although he has been involved in different jobs and businesses, they were often things that he did not enjoy (i.e. was not passionate about). His advice is to find something that you are passionate about and it will make the process of starting and growing a business a much more enjoyable ride.

Then he tells me about the story of how he got into the franchising business and some of his lessons learned there. Some main takeaways are:

1.

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04

Dec'13

Entrepreneurship Lessons from Gyft.com Co-Founder and CEO | Vinny Lingham

Serial entrepreneur Vinny Lingham of Gyft.com answers a variety of questions from how to find a business idea to what investors are looking for, and his best advice. A must watch!

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Guest Bio

Vinny Lingham is a globally recognized entrepreneur focusing on Mobile, Online Marketing & SaaS business models. Selected as an Endeavor Entrepreneur and Young Global Leader he has passion to build Internet based companies. He is very involved in the Silicon Cape Initiative, which aims to build a high-tech cluster in South Africa. Prior to co-founding Gyft, he co-founded Clicks2Customers.com and Yola.com. Vinny attended the University of Cape Town.

Things You Will Learn In This Interview

Here are some of the questions I asked Vinny:

1. How did he get the idea for Gyft and was there an idea validation process that he and co-founder went through?
2. As a serial entrepreneur, what is his strategy to identify potential business ideas and how does he know which one is best for him.
3. What is his advice to startup entrepreneurs to reach their customers faster and stand out of the crowd?
4. What is his advice for funding a business?
5. What are investors looking for when investing in a business?
6. Biggest mistake and what other entrepreneurs can learn from it.
7. If you are starting a tech startup, do you need to be in the silicon valley?
8. Book recommendation.
9. His biggest advice to entrepreneurs.
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31

Oct'13

Start Today And Learn As You Go | Herby Fabius

Being a first-time entrepreneur can be a scary prospect. Herby Fabius suggests keeping your day job to pay the bills while making time to work on your business.

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Guest Bio

Herby Fabius is the founder of entrepreneurship interview blog Billion Success and the co-founder/Customer Development & Marketing for Triplefy.

People, Book Recommendations, and Resources of Interest Mentioned In This Interview

1. Anita Campbell of SmallBizTrends

2. Dane Maxwell of The Foundation

3. Nelly Akalp of CorpNet

4. The GreenTie Project

5. Barbara Corcoran

6. Entrepreneur on Fire

7. Shark Tank

Things You Will Learn In This Interview

In this interview, Herby Fabius shares his story of how he got started as an internet entrepreneur while keeping a part-time job. First-time entrepreneurs will identify with his story and will find inspiration in the advice that he provides.

His best advice is that if you have an idea and you are thinking of starting a business, then don’t wait – take the first step today and you will learn along the way.

Your Turn>>

Did you find this interview useful? Do you have any advice that can help first-time entrepreneurs? Please write your comments, questions, and suggestions in the comments box below.

 

[click to continue...]

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11

Oct'13

Are You Making These Startup Mistakes? | Poornima Vijayashanker

If you are a startup, you are very likely making one of these mistakes. Poornima Vijayashanker shares experienced entrepreneurial insights on how to create something that people want.

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Guest Bio

Poornima Vijayashanker is a software engineer and entrepreneur. She was the founding engineer at Mint.com, a startup, which was acquired by Intuit. Prior to joining startup land she studied Electrical and Computer Engineering and Computer Science at Duke University. She is currently the Founder of BizeeBee, which she was inspired to start after consulting with local businesses looking to improve their management practices. Poornima is also the Founder of Femgineer, an education tech startup focused on helping tech professionals level up in their careers and tech entrepreneurs build products and companies. In the fall of 2013, she will be heading back to Duke University to teach entrepreneurship at the Pratt School of Engineering. You can follower her on Twitter @poornima.

People, Book Recommendations, and Resources of Interest Mentioned In This Interview

1. Lean Product Development Course

2. Entrepreneur’s Kit (Street Smarts by Norm Brodsky and Bo Burlingham)

Tweetable Quotes from this Interview!

Click to Tweet>>>> Sleep and exercise are essential to do well in business.

Click to Tweet>>>> Find someone who will pay for your product or service even before building it.


 

Here is a transcript of the conversation.

Trep Talks Interview with Poornima Vijayashanker

Sushant: Hey Treps, this is Sushant, founder and host of TrepTalks and I’m so excited to welcome my guest today.

[click to continue...]

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29

Sep'13

Entrepreneurship Lessons From A World Traveller – Andrew Henderson

A world traveler and international entrepreneur shares some of his entrepreneurial lessons.


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Guest Bio

Andrew Henderson is a nomad capitalist, perpetual traveler, international entrepreneur, and citizen of the world. His mission is simple: find the best places to live, start a business, and invest..

While on the go, he take the time to really understand what’s going on on the ground in each country in order to find the best places in the world to live, work, bank, invest, start a business, date, raise a family, and enjoy life.

He blogs and shares his experiences at http://www.nomadcapitalist.com

People, Book Recommendations, and Resources of Interest Mentioned In This Interview

1. Tim Ferriss and The Four Hour Work Week.

Tweetable Quotes from this Interview!

Click to Tweet>>>> Youngsters can benefit a lot by learning life and business skills through travelling.

Click to Tweet>>>> If you want to be successful in business, keep things simple and don’t involve ego.


 

Here is a transcript of the conversation.

Trep Talks Interview with Andrew Henderson

Sushant: Hey Treps ! this is Sushant, the founder and host of TrepTalks and joining me today is a very special guest, whose name is Andrew Henderson, and he’s joining me from Jacarta?

Andrew: In Bangkok, Thailand.

Sushant: Bangkok. You’ve traveled so many places, it’s becoming confusing for me. So he is a perpetual traveler, he is an international entrepreneur, he is a citizen of the world, and he values personal freedom and his mission is to find the best places to live, start a business, and invest.

[click to continue...]

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26

Sep'13

How A High School History Teacher Started A Successful Social Media Business? – Zeb Welborn

Inspirational story of how a high school teacher took his passion for teaching and started a successful social media company.


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Guest Bio

Zeb Welborn is the President of Welborn Social Media and The Tutoring Solution.  He helps passionate business owners become successful by harnessing the power of the Internet to reach more potential customers and develop stronger relationships with current customers. Zeb is also the founder and host of Defining Success Podcast.

For more information about Zeb Welborn, visit Welborn Social Media, or email him directly – [email protected]

People, Book Recommendations, and Resources of Interest Mentioned In This Interview

1. Twitter Chats

2. Scrapbook Expo

Tweetable Quotes from this Interview!

Click to Tweet>>>> On social media, create authentic connections with people who are interested in the same things as you.

Click to Tweet>>>> How do you make 100 million dollars? Help others around you make 100 billion dollars.


 

Here is a transcript of the conversation.

Trep Talks Interview with Zeb Welborn

Sushant: Hey TREPS!  This is Sushant, founder and host of TrepTalks.  Joining me today is Mr. Zeb Welborn.  Zeb is the President of Welborn Social Media and also the Tutoring Solution.  Basically, through his social media company, he helps business owners become successful by harnessing the power of Internet and social media, get more customers and make stronger relationships with existing customers.  He is also the Founder and Host of the Defining Success podcast. 

[click to continue...]

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26

Aug'13

Fundamentals Of Entrepreneurship – Learn From A Veteran Entrepreneur – Mr. Lonnie Sciambi

Are you thinking about starting a business? This interview will teach you some of the fundamental wisdom of entrepreneurship. Some simple things mentioned in this interview can prove to be the difference between success and failure. A must watch!


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Guest Bio

Lonnie L. Sciambi is Managing Director and CEO of Small Business Force, LLC http://www.thesmallbusinessforce.com/and author of “Secrets to Entrepreneurial Success.” He has been a founder, advisor and investor in entrepreneurial companies with more than thirty years’ experience as a CEO of both public and private entities, across multiple industries, including multiple turnarounds. 

Through that “been there” experience, Lonnie provides “to the point” advice through his blogs, various video products and workshops and on-site advisory that allows small business owners to gain the returns they seek.

Peo­ple, Book Rec­om­men­da­tions, and Resources of Inter­est Men­tioned In This Interview

1. Lonnie’s Blog and Twitter.

2. Lonnie’s Book – Secrets to Entrepreneurial Success.

Tweetable Quotes from this Interview!

Click to Tweet>>>>    To an entrepreneur, Cash is as important as breathing! – Lonnie Sciambi

Click to Tweet>>>> Entrepreneurs should be passably proficient at Sales and Finance – Lonnie Sciambi

Click to Tweet>>>>   Mentorship is a two way street – Lonnie Sciambi


 

Here is a summary of our conversation. (This is not an exact transcript).

Question: You started your career in the corporate world and then transitioned in to entrepreneurship. These days, it seems like more and more college graduates are choosing the entrepreneurial road right out of college. [click to continue...]

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23

Aug'13

How To Identify Your Passion And Start A Profitable Business – With Julia Neiman

Are you interested in starting an online business? The first step is to identify your passions and interests. This interview and attached resources will help do just that.


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Guest Bio

Julia Neiman is a top selling author, youth empowerment coach and founder and Executive Director of Group Home Consultants. She is an experienced behavioral specialist and life skills coach with 20 years of experience working with troubled teens.

Julia has such a passion for working with teens that she developed a program, Monetize Your Passion: Blueprint for Empowering Young Entrepreneurs.  This program trains adults to teach young people to develop as entrepreneurs and start a business.

Julia has written two books, the first is 31 Powerful Lessons Empowering Teens and Young Adults to Develop an Entrepreneur Mindset which teaches core values and habits of entrepreneurs and her second book, which has just been released is Pick From the Passion Tree: Empowering Young Entrepreneurs to Start a Business.

You can learn more about Julia and her programs at her website http://julianeiman.com

People, Book Recommendations, and Resources of Interest Mentioned In This Interview

1. Julia Neiman’s Quick Guide to Identifying Your Passion.

2. Etsy

3. eBay

4. MailChimp

Tweetable Quotes from this Interview!

Click to Tweet>>>> A passion that you can’t monetize is just a hobby and not a business.

Click to Tweet>>>> If you want to create a business, at a certain point you just have to start!

[click to continue...]

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28

Jun'13

Tim Ferriss Interview – Sell It Before You Ever Build It!

Recently, I had the opportunity to meet Tim Ferriss of the (4 Hour WorkWeek, 4 Hour Body, and 4 Hour Chef fame) at an entrepreneurship event in Oshawa (Ontario, Canada). I was able to pick his brains and ask a couple of questions about entrepreneurship.


(Interview Recorded in June 2013)

Question: How can entrepreneurs keep up with the rapidly changing technology and how can they identify future business opportunities?

Tim: I think it is extremely important to understand human behavior or behavior modification before you focus on technology. The toolkit or the box of crayons is going to change everyday, today it is Tumblr the next day it is WordPress, then the next day it is social media and Pinterest and the next day it is something else. You can spend a lot of time jumping from one tool to another without developing any core skill. So I would really encourage people to study books like Influence by Robert Cialdini (In the video Tim mistakenly calls the book Persuasion), to study books like The 22 Immutable Laws of Marketing (Al Ries and Jack Trout), so you get a fundamental set of principles that you can apply online, offline, to different tools, to direct copy, to complex sales in big organizations. That is number 1.

In terms of keeping up, I would suggest that people focus on just in time information and not on just in case information – I am borrowing that from a very smart woman named Kathy Sierra. [click to continue...]

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