Pocket Thoughts

By educatingentrepreneursEducation

Pocket Thoughts episodes

June 17, 2019 Episode 28 - Networking!
Hello, and welcome to Pocket Thoughts! Today we are talking about networking! We are going to focus on doing your homework, just like school you need to prepare for who you are talking to before going into a network event. It gives you an advantage over others and shows that you care. We later get into VIP statements, how each of us network, and keeping the list of key people you network with that you should stay connected with to make yourself and business successful. And finally we get into following up, this is a key part of networking that many people miss out on because they get lazy or forget, but this can make a huge difference. Thank you everyone for continuing to check out this podcast and welcome to those who are new. Enjoy the show!
51 min
June 10, 2019Episode 27 - Are You An Entrepreneur?
Hello and welcome to Pocket Thoughts! On today’s episode we discuss if we are actually entrepreneurs. This is something we feel people to ask themselves before jumping into the world of entrepreneurship. We will give you all of the questions we asked ourselves before getting started as well as what warnings we have before becoming an entrepreneur. Be sure to keep up with our social media by searching Educating Entrepreneurs and find our blogs on LinkedIn and on our website at educatingentrepreneurs.com. Enjoy the show and have a fantastic week.
Show Notes
1:08 - Are you an entrepreneur?
6:08 - 6 Successful quality types for entrepreneurs
13:08 - There isn’t a one size fits all when it comes to entrepreneurship
17:39 - What stage/point do you consider yourself an entrepreneur?
23:36 - Entrepreneurship is a mindset, it’s the willingness to get out there and try
27:50 - Our failures with entrepreneurship
39:14 - If you’re not okay with it getting worse before it gets better you’re putting yourself in a tough spot
43:38 - As an entrepreneur you are going to have to take a lot of the responsibility and blame. Even if it was not your fault, you are the owner and you will need to get in front of the issue
44:11 - It’s not an IF you fail, it’s a WHEN you fail
56:40 - Wrap Up!
If you're not familiar with the Myers-Briggs Personality Type Indicator (MBTI), you should be. It's one of the most accurate and valuable tools to help you better understand yourself, and identify your strengths and areas for growth. Although it's not going to jump out and tell you your passion, it may help you realize the entrepreneurial role that you may take in your future company (visionary, advisor, superstar, etc).

These Four Characteristics Are:
Extroversion (E) vs. Introversion (I)
Sensing (S) vs. Intuition (N)
Thinking (T) vs. Feeling (F)
Judging (J) vs. Perceiving (P)
After you take the personality test, you will be given a four letter personality type indicator depending on which side of the spectrum you fall for each characteristic. For example if you were high in extraversion, intuition, thinking, and judging, then you would be assigned the character type ENTJ.

The spectrums are simply just a measure of how much you like:
To deal with people and things
Facts and reality
Logic and truth
A life-style that is well constructed or one that goes with the flow
Some character types are more highly associated with successful entrepreneurs and managers than others, but your score doesn't mean that you can or cannot be an entrepreneur, it simply reveals the characteristics that you should strive for that will lead towards higher chance of success.

You might just be born to be an entrepreneur if you rank for one of these six personality types:
ESTP - Known for taking fast action, thinking logically based on fact, and full of passion and energy. Only 4% of people fit this personality type, including famous novelist Ernest Hemingway.
ENTJ - Natural born leaders known for ruthlessly pushing through to their goals through sheer determination and willpower. Steve Jobs was one of the 3% of the population categorized as an ENTJ.
ENTP - Are seekers of knowledge and visionaries, and big dreamers. ENTP's like Thomas Edison will brainstorm a path to success and lead the team there. Only 3% of the population are ENTP.
ESTJ - Making up no less than 11% of the population, ESTJs are well liked for their clear advice and guidance. These leaders great organizers and often lead by example and with honesty. Famous business mogul John D. Rockefeller was ESTJ.
INTJ - These intellectual individuals are extremely ambitious, decisive, and curious. Elon Musk is a great example of an INTJ because he believes nothing is impossible with the right game plan. They make up only 2% of the population.
ISTJ - Especially known for taking responsibility for their actions and executing work with accuracy and patience, these entrepreneurs always stick to their word. They make up 13% of the population including America's founder, George Washington.
These six personality types all have four underlying trends in common, they're often curious, creative, they take responsibility, and they're decisive.

Decisiveness
Notice how every single one of those personalities rank higher in "Thinking" over "Feeling". That's because according to a 2004 U.S. study the most successful entrepreneurs will pick a direction to take the business and stick with it. This makes them naturally less likely to be concerned with keeping harmony and more focused on achieving the objective.

Responsibility
These personality types also take full responsibility over their futures and themselves. Psychoanalyst Jonathan Alpert notes that "the entrepreneur looks at the situation and knows he has some control over the outcome". Rather than making excuses for why things don't get done, they will take on obstacles as a challenge and assume personal responsibility for achieving the goal. This is known as having a high "locus of control", which has been proven by dozens of studies to be highly correlated with success in business.

Curiosity
The classic saying "leaders are readers" couldn't be more true. Entrepreneur personalities are always seeking out new knowledge, which is why so many of them often have their nose in a book. According to a Gallup study of hundreds of entrepreneurial personality traits, being curious makes the top 10 list of "must-have" traits to be successful as an entrepreneur. If you aren't learning every day, this may be the #1 habit you should strive to develop in the near future.

Creativity
Business is an intellectual art to entrepreneurs. You'll constantly be forced to find creative ways to overcome obstacles and do things differently in order to stand out. Gallup's CEO Jim Clifton remarked on a study of the fastest growing companies that "to stay competitive, we have to lead the world in per-person creativity". Being a leader in business is like being a professional problem solver, it takes a lot of brainstorming and creative planning to make your dreams come true.

Once again, taking this personality test won't give you a silver bullet to discovering your passion, but it will help you understand which role you will eventually occupy in your company.

Free test at: https://www.16personalities.com/free-personality-test
58 min
June 05, 2019 Episode 26 Pt. 2 - Mapping out Pricing for Educating Entrepreneurs
In this episode we discuss pricing out the courses for Educating Entrepreneurs! Let us know if you like the strategy we are going with and if you would do it differently!
17 min
June 04, 2019Episode 26 - How Easy Is It To Start A Business?
Hello everyone! Welcome to Pocket Thoughts! We hope you have been enjoying the new way we have been doing our podcast as well as the second part of our podcast where you take a dive into what an Educating Entrepreneur’s meeting sounds like.
On today’s episode we focus on starting. How easy is it to actually start a business? One of the biggest fears we hear about it people having no idea where to start and that they are horrified of the unknown when it comes to pursuing a passion and starting a business. We want this episode to give you all the insight on simple ways to start exploring your side hobby and passion without having the fear of it scare you away.
Enjoy the episode and don’t forget to listen to our latest Educating Entrepreneur meeting coming out the next day, enjoy your week!
2:35 - How we think you can start a company without those fears of the unknown
6:17 - If this is what the product looked like, would you purchase this or how would you change this to suit your needs?
10:12 - Don’t start a business, just to start a business
24:32 - Do as much as you can without spending any money, the lean start up is definitely the way to go if you’re just starting up and testing the waters
25:05 - If you’re not pursuing your passion, don’t jump into starting a business
29:08 - What do you guys think you did with your company that separated you from the others in that same industry?
33:22 - It was not our services, but it was our focus on the customer
42:03 - Wrap Up!
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Follow us on Instagram @educating_entrepreneurs
44 min
May 27, 2019Episode 25 - Mentorship
Show Notes
Hello and welcome to Pocket Thoughts! On today’s episode we will be talking about mentors and mentorship. We dive into topics about how to find the right mentor, what you can provide for your mentor and how having a mentor is even like being in a relationship with your significant other. I hope you all enjoy the show and check out all of our social media to keep up with us and our company Educating Entrepreneurs!
2:00 - What is a mentor to you?
7:43 - You need to sacrifice something for your mentor
18:53 - The biggest thing with mentorship is that you’re learning from their experiences, so that you don't have to experience it yourself.
26:45 - You need to be consciously making effort to provide value to your mentor
33:47 - Do you let someone know they are your mentor or is it something that just happens?
35:40 - Someone has excelled in a place where you want to excel
44:46 - Weekly Wrap!
Subscribe!
"Like" us on Facebook at facebook.com/EducatingEntrepreneurs
Follow us on Instagram @educating_entrepreneurs
46 min
May 22, 2019 Episode 24 Pt. 2 - Social Media Strategy
Hello everyone! Introducing our newest part of the podcast which is our value add to YOU! After we record the first part of the podcast you will get an in-depth look into Educating Entrepreneurs and how we operate our weekly meetings. Let us know what you think of this and try to use our strategies yourself!

Subscribe!
"Like" us on Facebook at facebook.com/EducatingEntrepreneurs
Follow us on Instagram @educating_entrepreneurs
31 min
May 20, 2019 Episode 24 - Know Your Finances!
Hello and welcome to Pocket Thoughts! As we mentioned last week we are switching things up a bit and just focusing on one topic and having a discussion based on that. Today’s topic is finance! You will be hearing a range of where our personal finances stand and how we can improve on that as well as finances for your company and how you should handle them from start to finish. Check out our social media, this week you will see a change and new posts we are testing out. We may even reach out to you to get featured on our Instagram page about your journey through entrepreneurship. I hope you all enjoy the show and have a great week!

The second part about today’s episode focused on social media will be a separate podcast so check that out following this one and let us know what you think of our strategy!”
Show Notes!
6:31 - “the biggest thing that people need to learn about personal finances is just awareness of spending”
11:39 - “if you’re goal was to start a company, it’s time to sit down and do simple math to figure out what you need to accomplish to get to that goal”
22:54 - “figure out where you’re spending and spend it wisely”
36:58 - A nest egg and how we use it
43:02 - Average monthly spend
54:54 - Closing
Subscribe!
"Like" us on Facebook at facebook.com/EducatingEntrepreneurs
Follow us on Instagram @educating_entrepreneurs
57 min
May 13, 2019Episode 23 - Is This The End Of Educating Entrepreneurs?
Hello and welcome to Pocket Thoughts! We’ve got an interesting episode for you all today! Bobby will go more into depth on this at the beginning of the show, but we all gave each other a week to think about EE and where we stand with it. Do we like it still? Do we want to move forward with it? Is someone in the group leaving? You will hear those answers and more during the episode! Thank you all for listening and have a wonderful week!
Show Notes
2:26 - Joey’s status on EE
7:18 - Brandon’s status on EE
10:04- The only way you can find out if you are passionate about it or not is if you experiment with it
19:45 - Brady’s status on EE
31:49 - Weekly Wrap!
Subscribe!
"Like" us on Facebook at facebook.com/EducatingEntrepreneurs
Follow us on Instagram @educating_entrepreneurs
35 min
April 29, 2019Episode 22 - Work Frustrations, Retaining Customers, Entrepreneurial Experience and Getting Into Entrepreneurship
Hello! And welcome to Pocket Thoughts. We’ve got the whole crew back for todays episode so get excited about that. Our first question today is how do you handle your frustrations at work? You’ll get to hear about my bad day at work and how I should have handled it and what advice I get for the future when it may happen again.

The second question for today is What do companies / startups need to do to in order to attract / retain customers? (Or if it’s easier for you - what do companies you like currently do to attract/retain you?)

The third question is what do you want to get out of your entrepreneurial experience over the next year? Whether that be knowledge, money, fame, etc

And the unofficial fourth question that came up in the end of the episode is why do you think people don’t jump into entrepreneurship.

It’s a jam packed episode full of good information and another EE update at the end. Thank you all for listening and enjoy the rest of your week!

Show Notes
3:19 - “How do you guys handle your frustrations at work?”
7:26 - “Look in the mirror and see if it’s you”
11:32 - “What do companies / startups need to do to in order to attract / retain customers? (Or if it’s easier for you - what do companies you like currently do to attract/retain you?)”
23:04 - What do you want to get out of your entrepreneurial experience over the next year? (knowledge, money, fame, etc.)
35:37 - With change comes discomfort, with change comes failure, with change comes growth
45:15 - “Why don’t you think people don’t jump into entrepreneurship?”
Subscribe!
"Like" us on Facebook at facebook.com/EducatingEntrepreneurs
Follow us on Instagram @educating_entrepreneurs
53 min
April 22, 2019Episode 21 - Favorite Failure, Special Sauce, and Key Activities
Welcome to Pocket Thoughts everyone! On today’s episode we each share one specific failure that set us up for success and made us who we are today. Our second topic is what is our special sauce? The best way to describe this is, what sets you or your company apart from everyone else. And the final question that we have is what are a couple key activities you would recommend entrepreneurs invest their time in. A lot of good suggestions there and in my opinion an all around great episode. I hope you guys enjoy the show and have a wonderful week!

Show Notes
1:19 - Can each of you share one specific failure that may have set you up for success or one of your favorite failures that come to mind?
14:24 - “every single company I build now is no longer a means to an end, which is awesome. It’s about the journey, it’s just what I love to do”
19:41 - “What is your special sauce? The thing that separates you from everyone else”
30:35 - “Show that you tried”
37:43 - ”What are a couple key activities you would recommend entrepreneurs invest their time in?”
45:00 - EE Update!
Subscribe!
"Like" us on Facebook at facebook.com/EducatingEntrepreneurs
Follow us on Instagram @educating_entrepreneurs
49 min

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