Back Bedroom to Big Business

In this episode, self-made businessman and coach Dino Tartaglia and co-founder of World Class Leadership Simon Hartley continue their five characteristics of wildly impressive and successful entrepreneurs. After briefly touching on block two: embracing and accepting challenges from episode three, we dive headlong into attribute number three which is constantly solving problems.

The profound difference between finding an answer/quick fix and solving a problem:

• Seeking an answer is a one and done action
• Seeking an answer tells me what to do, read, watch . . .
• Imports someone else's answers and solutions
• Outsources the challenge

Solving a problem does the following:

• Pushes the entrepreneur to stay a step or two ahead
• Allows for learning from others but sculpting a solution to our specific business.

Explore the Entrepreneur journey! If we import an answer from someone else blindly we are hoping it works. When it doesn't work out or we don't get the results the expert got we tend to blame that expert instead of taking responsibility for not doing our own legwork. The journey doesn't focus only on the destination of success, but instead means revisions and pivots. Simon shares a story about BuzzFeed's startup and change from banner ads. (Buzzfeed's full backstory here)

The Entrepreneurial Method

• Theory
• Test/experiment
• Failure
• Review/learn/recreate
• Start again

Dino and Simon are definitely not trying to tell fledgling entrepreneurs and startups not to bring in an expert when one is needed. Absolutely us an expert. Absolutely outsource particular elements of your business such as marketing. How can you tell if you're shifting responsibility or outsourcing responsibility? Take an inventory with the below bullets.

• Do you have or want to develop this skill? (example sales)
• • No - shift responsibility to a specialist - this is not outsourcing
  • Even though you are not responsible for the sales portion specifically you are responsible for
  • • Understanding how it works
    • Being able to speak to your numbers
    • Making informed decisions

As we move forward in this series we can see how each characteristic piggybacks onto the other and why they create the most impressive and wildely successful entrepreneurs. So far on our journey, Dino and Simon have introduced us to the first characteristic - finding a problem and passionately caring about solving it. In the previous episode, we discussed characteristic two - accepting/embracing challenges which led us to number three today with problem-solving. Come back for the next episode of the podcast when our hosts discuss with us the number four characteristic - sharing our passion and engaging in others.

"Business is an intellectual sport."

"It's okay to fail and then pick yourself up."

"Start to understand currently little things make a big difference often."

Visit our Website!

www.successengineers.co

Dino's LinkedIn:

https://uk.linkedin.com/in/dinotartaglia?trk=pub-pbmap

Simon's LinkedIn:

https://uk.linkedin.com/in/simon-hartley-897a8113

In this episode of Back Bedroom to Big Business podcast, Dino and Simon move forward with their series of wildly successful entrepreneur characteristics! The passion is the motivational fuel that enables you to break through the barriers and challenges that will get in the way of your success. This is a building block on the entrepreneurial journey and leads into the second characteristic and the focus of this episode: Embracing the Challenge.

Understanding 'Entrepreneur' is more of a personality type than a title:

• Happy to be pushed forward/experience pressure
• A problem solver by nature/problem-solving skills
• Aware there will be challenges and enjoy the grappling match
• Not waiting or expecting challenges to disappear
• Understanding challenges and problems occur at every level of the business building process. Embracing this and know that it leads to success.
• Embracing opposition with enthusiasm
• Not looking for easy

Dino shares with us a powerful story about the success of entrepreneur, Scott Belsky (Adobe). Scott says when we hear stories about entrepreneurs we often hear the beginning (great idea & motivation) and the end (massive success or failure). The 'messy middle' gets left out. What is in the middle is exceptionally important. This middle ground is where the hard decisions are made, money and time is lost, and self-doubt can take up residence. The messy middle is what makes the success at the end worth it and most people never get to see it.

Importance of taking a deep dive into expectations:

• Many people step or run away from corporate business to change their lifestyles or the amount of time they have to spend doing what they want to do.
• Often these people crave immediate results.

• Often when an entrepreneur starts out, if we don't get the results we want, like a petulant child, we throw up our hands and say 'What's the point?'
• • This reverts back to the first characteristic of success - passion is the point. The desire to solve the problem is the point or the end goal.
  • We need to get rid ourselves of the goalposts we (and others) set up for us and instead focus on the progress we are making.

When you step out on the ledge of entrepreneurship is is extraordinarily important that we keep in mind what you have is valuable. If what you are pursuing has no value for you or anyone else you wouldn't pursue it. Remembering this and keep it at the forefront of your thoughts helps immensely to meet challenges when they arise with enthusiasm and durable motivation.

At the very end of the discussion, Dino and Simon touch briefly on episode four. This episode leads us to the third characteristic of incredibly successful entrepreneurs which is the interesting concept of the differences in searching for an answer and solving a problem.

Quotes:

"Once you understand challenge is part of the process, then like anything, you adopt another mindset."

"You never reach the top. There is always another side of the mountain to climb"

"Not everyone is looking for easy."

"Until you put an actual product in front of an actual customer, you don't know if they're going to buy it or not."

"Easy to say 'What's the point?' and throw in the towel, but these people didn't."

Dino Tartaglia LinkedIn profile: https://uk.linkedin.com/in/dinotartaglia?trk=pub-pbmap

Simon Hartley LinkedIn Profile: https://uk.linkedin.com/in/simon-hartley-897a8113?trk=pub-pbmap

Welcome back to Back Bedroom to Big Business! In this week's episode, we take a deep dive with Dino and Simon into the first of five characteristics of impressively successful entrepreneurs: Identify a need or problem that has value to many people and that you (as an entrepreneur) care passionately about solving. This is a foundational characteristic without which success is very unlikely. This is a different way of looking at the beginning of your business because most people escaping their boss use the logic of 'what am I good at?' and 'how can I make money from it?'. As Dino and Simon explain we must realize that business is not all about monetizing skills. We must have another form of motivation! We must look deeper!

In This Episode

Characteristic one: Identify Need

• Our hosts share a few anecdotes about entrepreneurs Sean Rad (Tinder) and Sara Blakley (Spanx). These are two of many business creators who did so out of a problem they experienced for themselves and they were surprised and delighted to find they could solve this same problem for others as well.
• It's important to know that neither of these, now amazingly successful, individuals had any experience in the business categories they now top! (Dating app & undergarments/fashion.)

We must have an appreciation for the problem or need we're trying to find a solution for!

Some people stumble upon moments of awareness of needs, but only complain and do nothing. This is because of the lack the passion which is the second half of the equation.

Idea traction - if it helps me perhaps it could help others

"Someone who is entrepreneurial in their thinking will have a thousand ideas an hour. "

"This is about taking a step back. Do I care? Am I passionate about solving these problems?"

"Your solution and your business can go viral!"

Visit our Website!

www.successengineers.co

The path to success is not a one-size fits all t-shirt we buy online hoping it looks just as good on us as it does on the model. Likewise, success does not mean throwing caution to the wind either. In order for us to achieve success, we must know ourselves, what drives us, what we're passionate about and be able to turn that into a business that is prosperous - a business that sustains success for the long haul.

In this twelve episode season of Back Bedroom 2 Big Business, Dino Tartaglia and Simon Hartley will lay out for their listeners the five characteristics of wildly successful entrepreneurs. They will also dissect five fatal mistakes that entrepreneurs make and how to avoid them. The audience will enjoy listening to these educated men deliver tips on what it takes to be a successful business owner. With thirty years experience their take on the ever-changing entrepreneur/business landscape crucial for anyone thinking of dipping their toe into the work of entrepreneurship or bettering the model they are currently working with. The conversational tone of the show allows the listener to feel at ease even if they have no background in business. This season will have no guests as the goal is to help you discover your path to success, not to follow someone else's.

In This Episode

An introduction to the show and what to jewels of knowledge to expect it moving forward

The Importance of Risk

• Taking them
• Calculating them
• Being conscious of them

Do not listen to only one person's story of success

• Details can vary or even contradict
• There is an infinite amount of value in learning from many different peoples' route to success.
• When we pick and choose different items from many peoples' stories we can adapt them to meet our business needs and thus catapult us into success.

Commonality

• Though each success story is different, there are similar patterns of behavior in each

"The Way" to do things is a myth

• Disproving and giving examples of entrepreneurs who did not take massive risks in their quest for entrepreneurship
• Taking the shine off of JFI "Jump in and Figure it out".
• Many more people are less successful using this strategy

Capital

• Discussing Burn-Rate and why it is important for every startup business
• Why scaling first is sometimes not an option

Moving Landscape of Internet Business

Five Characteristics of Successful Entrepreneurs

"Entrepreneurship is about jumping off a cliff and building an airplane on the way down."

"The fact that it's someone else's solution means it might not work for you."

"Following one person is dangerous."

"Success leaves clues." -Jim Rhon

"Identify a problem and truly care about solving it."

"It's as simple as some people think on the run and some need to think then run."

Visit our website!

http://www.successengineers.co