Sign up to save your podcasts
Or
Share E208: The Power of Strategic Partnership with Allan Draper
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
E208: The Power of Strategic Partnership with Allan Draper
What does it take to become a successful entrepreneur? Sure, you could build as many businesses across different industries. But if you want all those to thrive, there are two things you have to keep in mind – put your 100% on your first business, first; use strategic partners, second.
In this episode, Erik Cabral chats with startup expert and serial entrepreneur Allan Draper, who’s on his way to launching his 26th business towards the end of this month. Allan has created successful companies, including a pest control business (his first one), a proprietary software, a digital marketing agency, and the list continues.
A lawyer turned bug guy turned serial entrepreneur, Allan is out to prove that he is good at building business, no matter the industry. And he definitely did that!
Here are some power takeaways from today’s conversation:
Episode Highlights:
The Power of Partnership
Allan has created 26 companies, but he didn’t do it all alone. He has 15 business partners that he considers as really the heroes of the company, with him as the guide. One of the things that made his partnerships work is that Allan allows his business partners to go deep while he goes wide. He also allows them to make mistakes, which are worth so much more than their monetary value.
Focusing on Your First Business
A very important concept that Allan emphasized in today’s conversation is the concept of putting 100% focus on your first business before moving on to the next. Those other ideas do not exist until you're a multi-millionaire from that first business.
Your first business needs its owner and that may take years and years. But once you’ve mastered your processes and systems, it now becomes easier for you to replicate those in your other businesses regardless of the industry.
Another key is to recognize that there are people much smarter, more talented, and more competent than you. At some point, you will have to hire those people, and just because you’re the owner doesn’t mean you’re the best person to run the company.
Resources Mentioned:
www.AllanDraper.com
The Business Growth Pod by Allan Draper
The E-Myth by Michael Gerber
View all episodes
By Erik Cabral
5
5151 ratings
What does it take to become a successful entrepreneur? Sure, you could build as many businesses across different industries. But if you want all those to thrive, there are two things you have to keep in mind – put your 100% on your first business, first; use strategic partners, second.
In this episode, Erik Cabral chats with startup expert and serial entrepreneur Allan Draper, who’s on his way to launching his 26th business towards the end of this month. Allan has created successful companies, including a pest control business (his first one), a proprietary software, a digital marketing agency, and the list continues.
A lawyer turned bug guy turned serial entrepreneur, Allan is out to prove that he is good at building business, no matter the industry. And he definitely did that!
Here are some power takeaways from today’s conversation:
Episode Highlights:
The Power of Partnership
Allan has created 26 companies, but he didn’t do it all alone. He has 15 business partners that he considers as really the heroes of the company, with him as the guide. One of the things that made his partnerships work is that Allan allows his business partners to go deep while he goes wide. He also allows them to make mistakes, which are worth so much more than their monetary value.
Focusing on Your First Business
A very important concept that Allan emphasized in today’s conversation is the concept of putting 100% focus on your first business before moving on to the next. Those other ideas do not exist until you're a multi-millionaire from that first business.
Your first business needs its owner and that may take years and years. But once you’ve mastered your processes and systems, it now becomes easier for you to replicate those in your other businesses regardless of the industry.
Another key is to recognize that there are people much smarter, more talented, and more competent than you. At some point, you will have to hire those people, and just because you’re the owner doesn’t mean you’re the best person to run the company.
Resources Mentioned:
www.AllanDraper.com
The Business Growth Pod by Allan Draper
The E-Myth by Michael Gerber