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Action is the Key to Success - Featured Interview with guest expert Rhett Power
Rhett Power, Entrepreneur, Author, Coach, Columnist at Inc. and Success Magazines
Rhett Power talks with Bill Ringle about the troubles and triumphs of entrepreneurship, and why it just might not be for everyone.
>>> Visit MyQuestforTheBest.com for complete show notes and more expert advice and inspiring stories to propel your small business growth. My Quest for the Best is a top-rated small business podcast with over 300 episodes of thought-provoking and insightful interviews with today’s top thought leaders and business experts. Host Bill Ringle’s mission with this show is to provide the strategies, insights, and resources that will unlock the growth potential of your business through these powerful conversations.
Interview Insights
Key points that you’ll learn from this interview:
Is entrepreneurship an innate talent?How Power’s time in the Peace Corps encouraged him to take risksWhat allowed Wild Creations to go from being out of money to being a $9 million companyHow reliability and communication can lead to trust with vendorsThe formula for success that Rhett Power found the hard way
Read the Show Notes from this Episode
1:40 Power tells about the early influencers of his life.2:40 [The Peace Corps] - “All of those life lessons prepared me for entrepreneurship.”2:55 “Is entrepreneurship learned or is it innate?”3:32 “Well I think certain people have the characteristics, maybe you’re born with it…but I see both sides now.”3:52 “I think all types can be good entrepreneurs.”5:04 “Some people are entrepreneurs and they don’t know it.”5:27 Power recounts the various odd jobs he did prior to joining the Peace Corps. “It took me a while to find, finally, what I wanted to do.”6:38 “It was the best move I ever made because I learned those two years about myself and about truly being able to do what I wanted to do, and to take chances.”6:51 “Nobody’s going to hand you success, no one’s gonna do it for you. If you want something you’ve got to go out and work for it.”7:39 “The work I did after Peace Corps in the developing countries, in the former Soviet Union, helping them understand what a market economy was, and helping them transition, and be profitable, and learn how to manage a new type of company, is what sort of got me where I got comfortable with the idea of going into business for myself.”8:15 The genesis of Wild Creations.8:25 “We both wanted to be in business. We felt like it was our time to do something and create something that was ours.”9:10 Power describes the early days of Wild Creations, including an interaction with a body removal company.9:43 [On taking over Wild Creations] - “We saw where the product could go, we saw what we could do with it. We thought that we could do something different with the company.”10:30 [Wild Creations’ initial product.] - “It had all kinds of problems.”11:11 How a UPS technology grant allowed Wild Creations to get off the ground.11:32 “Every single vendor gave us 6 months of credit, or there would have been no way to secure those first orders.”12:10 “Frankly we were struggling, we were probably about a month from having to close the doors." 12:57 “We didn’t have it in toy stores. We had it in little gift and novelty stores.”13:26 How a connection with the president of the Toy Store Association allowed Wild Creations to get their foot in the door. “Come to New York, come to the Toy Fair.
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By Bill Ringle
4.9
148148 ratings
Rhett Power, Entrepreneur, Author, Coach, Columnist at Inc. and Success Magazines
Rhett Power talks with Bill Ringle about the troubles and triumphs of entrepreneurship, and why it just might not be for everyone.
>>> Visit MyQuestforTheBest.com for complete show notes and more expert advice and inspiring stories to propel your small business growth. My Quest for the Best is a top-rated small business podcast with over 300 episodes of thought-provoking and insightful interviews with today’s top thought leaders and business experts. Host Bill Ringle’s mission with this show is to provide the strategies, insights, and resources that will unlock the growth potential of your business through these powerful conversations.
Interview Insights
Key points that you’ll learn from this interview:
Is entrepreneurship an innate talent?How Power’s time in the Peace Corps encouraged him to take risksWhat allowed Wild Creations to go from being out of money to being a $9 million companyHow reliability and communication can lead to trust with vendorsThe formula for success that Rhett Power found the hard way
Read the Show Notes from this Episode
1:40 Power tells about the early influencers of his life.2:40 [The Peace Corps] - “All of those life lessons prepared me for entrepreneurship.”2:55 “Is entrepreneurship learned or is it innate?”3:32 “Well I think certain people have the characteristics, maybe you’re born with it…but I see both sides now.”3:52 “I think all types can be good entrepreneurs.”5:04 “Some people are entrepreneurs and they don’t know it.”5:27 Power recounts the various odd jobs he did prior to joining the Peace Corps. “It took me a while to find, finally, what I wanted to do.”6:38 “It was the best move I ever made because I learned those two years about myself and about truly being able to do what I wanted to do, and to take chances.”6:51 “Nobody’s going to hand you success, no one’s gonna do it for you. If you want something you’ve got to go out and work for it.”7:39 “The work I did after Peace Corps in the developing countries, in the former Soviet Union, helping them understand what a market economy was, and helping them transition, and be profitable, and learn how to manage a new type of company, is what sort of got me where I got comfortable with the idea of going into business for myself.”8:15 The genesis of Wild Creations.8:25 “We both wanted to be in business. We felt like it was our time to do something and create something that was ours.”9:10 Power describes the early days of Wild Creations, including an interaction with a body removal company.9:43 [On taking over Wild Creations] - “We saw where the product could go, we saw what we could do with it. We thought that we could do something different with the company.”10:30 [Wild Creations’ initial product.] - “It had all kinds of problems.”11:11 How a UPS technology grant allowed Wild Creations to get off the ground.11:32 “Every single vendor gave us 6 months of credit, or there would have been no way to secure those first orders.”12:10 “Frankly we were struggling, we were probably about a month from having to close the doors." 12:57 “We didn’t have it in toy stores. We had it in little gift and novelty stores.”13:26 How a connection with the president of the Toy Store Association allowed Wild Creations to get their foot in the door. “Come to New York, come to the Toy Fair.