Entrepreneurs Have to Know How to Pivot w/ Allan Draper on Business Consulting

- BRT S02 EP 39 (86) 9-26-21

 

Things We Learned This Week:

• Create a Business about Solving a Specific Problem
• Be Wary of Distractions – aka Shiny Object Syndrome
• Cash Flow - #1 Reason Why Business Fails in the First 5 Years
• Art of the Pivot – How to Adapt in a Changing Business Environment, yet keep the Core
• Business Partnerships is akin to dating or even Marriage

 

Guest: Allan Draper

https://allandraper.com/ / Host of The Business Growth Pod

 

Allan Draper is a seasoned Entrepreneur who owns 22 business with 8 Partners, and has a diverse background from legal (Attorney – licensed, doesn’t practice), to Real Estate (licensed for his own property investment), to Pest Control and more.  He is a self described ‘Jack of all trades, master of none’. 

 

Allan surrounds himself with good people who can help or manage his operations. He is also a Guide and Business Consultant who does not charge, all pro bono. Allan talks all things Entrepreneurship - Create your vision and tune in.

 

Notes:

Surround yourself with good people

Business consultant – pro bono, Allan is a guide

Create Vision - Would you pay for your service?

Create a business out of solving a specific problem

How to launch in the next 6 months, then 2 years of growth

Jim Collins talks of the need to adapt to change (be flexible), a culture of change

Adapt to environment, Pivot when needed but keep core philosophies

No distractions, focus and avoid  the ‘shiny object’ syndrome

Cash Flow - #1 reason businesses fail in the first 5 years

How to fund a business, Do you need a Partner

Mental Aspects of business, the need for fortitude, as there will be tough times

Business partners are like dating or marriage, pick carefully as you spend a lot of time working together

 

Paypal Mafia – MB revisits the Infamous Founders Team

Paypal’s origin in the early 2000s had the one of the most legendary tech teams ever, with numerous ex-Paypal alum going on to form billion $ companies.

 

Here are just a few of the names & Co’s they started:

 

Elon Musk – Tesla, Space X, Boring Co.

Peter Thiel – 1st FB Investor, AirBnB Investor, Founders Fund, Palantir

Reid Hoffman – LinkedIn (sold to Microsoft)

Max Levchin – Affirm, Investor in Yelp

David O. Sacks – Geni.com & Yammer

Chad Hurley – YouTube

Russel Simmons – Yelp

 

More: https://en.wikipedia.org/wiki/PayPal_Mafia

 

 

 

Investing Topic: https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement

 

‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

 

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Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

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Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.