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Episode 46 – A Lesson in Bootstrapping with Jason Cohen


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You're in for a treat this week!
Bring a notepad and get ready to jot down some great advice, as James and Jean are joined by Jason Cohen of WP Engine.
Get ready for a guest host who will leave you greedy for more and more of his awesome "knowledge bombs".

Topics Include:

* Jason's 20 years of startups.
* The Story of WP Engine
* Why Entrepreneurship

* "Start with what you want and optimize for that."
* "The best form of advice is to help someone think for themselves..." - Jason


* The commonality between having children and running a business.
* Picking your battles.

* Choosing which problems to solve in what order.


* What statistics say about startups.

* "You have to ask yourself, do you want a cofounder?" - Jason
* Answer what feels right to you.


* Jason's experience as a stay-at-home dad.
* Growing your community.
* Importance of point-of-view, purpose, & where the market is going.

* Prepare for your ideas to be wrong.

* "Strong opinions weakly held."




* On changing your own role within your company.

* "Why build a company if you don't like what you do everyday?" -Jason
* Be excited, don't get burnt out.
* "The state of mind you are in doesn't have to be terminal, you can change it." -James
* On "The tour of duty."


* Defining superpowers!

* The difference between a superpower and excellence.

* You CAN be burnt out by things you are excellent at.
* However, a superpower will never wear you down.


* Hiring for a superpower is one of the best things you can do.


* Be mindful of the 'ego' component of being a CEO, or equivalent.

* Have a big ego, but don't let that drive major decisions.


* How do you go about evaluating all of the above, systematically?
* Being smart about 1-on-1 meetings.
* Keeping a journal and tracking when you are most productive and happy.
* What is 'Coach mode'?

* How to approach it.
* How to hone it.


* Is it more valuable to obtain new customers, or add a feature?
* What is the one thing that will impact your business the most, that you need?

* Focus on THAT.


* Do you have employees who can be better utilized in other areas?
* Try asking, "If you had a magic wand, what would you do?"

Featured on the Show:

* SmartBear
* WP Engine
* 37 Signals (Which is now Basecamp)
* Jason's Blog
* Jason's Twitter
...more
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Mastermind.fmBy Jean Galea & Joe Galea

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