The Entrepreneur Ethos

The Entrepreneur Ethos

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The Entrepreneur Ethos episodes

  • Bharat Kanodia -- What's It Worth?

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    Summary

    Thanks for joining me today. I’m so thankful that you listen to the show.

    Now on to my guest today, Bharat Kanodia, a professional appraiser who has a great YouTube Channel called What’s It Worth? In this episode, he’ll demystify the appraisal process. 

    Bharat graduated with a degree in mechanical engineering, but opted to go into the world of finance, where he learned about appraising. He has spent his career building expertise in appraising businesses, portfolios, real estate, and more. He also hosts a YouTube series where he gives insight into how business owners can assess and improve the value of their business.

    In our conversation, Bharat provides invaluable insight into how valuations are made, especially from a venture capitalist perspective. He jokes that he’s one of the few people in the world getting paid to give his opinion, but he also follows a process and asks some key questions when doing his work. One key takeaway is what venture capitalists are really looking for when they value a business, and why not all investors are going to come up with the same number. 

    Now let’s get better together.

    Actions to Try or Advice to Take

    Understanding how a business (or anything else) is valued is key to attracting investors or buyers. 

    • Valuations will be different depending on who it’s for. An insurance company will be looking at a business differently than a potential investor, for example. 
    • Figure out the key factors that define value in your field. What are the dominant trends?
    • Detach from ego and emotion; sometimes you’re better off taking an offer from an investor who offers you less. 
    • Links to Explore Further
      • Bharat Kanodia on LinkedIn
      • “What’s It Worth?”: Bharat Kanodia’s YouTube channel
      • Veristrat
      • Keep In Touch

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        46 min
      • Sedale Turbovsky -- From River Guide to Startups

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        Summary

        Hey everyone. Thanks for listening and getting better with me. I’m always impressed as to how much great feedback I get from both the guests and listeners. So, please keep it up. I appreciate all of it.

        Also, I wanted to quickly let you know about the release of the audio version of my book, The Entrepreneur Ethos, narrated by David A. Conatser. If you want to support the show, you can buy it wherever audiobooks are sold. Links are also in the show notes. 

        Now on to my guest today, Sedale Turbovsky, CEO and founder of several start-ups, including Open Grants, which we’ll be talking about today. 

        Sedale dropped out of college to become a river guide. Finding he had a lot of downtime, he learned how to write code and build websites to make money. Soon he was working for big businesses, which led him to the startup world. His first business was a collaboration with someone who was also travelling the world and who recognized Sedale as someone he could work with. Currently Sedale heads Open Grants, a site dedicated to providing more transparency and ease in the grant-funding process. 

        Many of you might know that finding and applying for government grants and bidding on projects can be a frustrating, complex process. Open Grants is trying make this process easier and more transparent by providing a centralized platform to bring together potential grantors and grantees. In this conversation, Sedale and I talk about how entrepreneurs can start navigating the maze of governmental bureaucracy and, eventually, help change it. 

        Now let’s get better together.

        Actions to Try or Advice to Take
        • Look for and cultivate relationships with people who you’re excited to work with. Turbovsky’s first startup came about when he collaborated with a fellow adventurer. He’s worked with the same group of people over several ventures. 
        • Make connections with civil servants and elected officials. Civil servants want to help but often lack the tools to do so. Offer to help and connect with those in a position to use your skills, to share your ideas, and to lay a foundation for working in partnership.
        • Recognize that change, especially on the governmental level, happens slowly. Find where you can make a difference and trust in the process. 
        • Links to Explore Further
          • OpenGrants
          • Sedale Turbovsky on LinkedIn
          • For info and resources on advocacy toward entrepreneur-friendly legislation:

            • Center for American Entrepreneurship
            • (Go here to check out the episode featuring John Dearie at CAE)
            • Engine
            • Keep In Touch

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              54 min
            • Kuda Biza -- Pursue Your Destiny

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              AudioBook: Audible| Kobo| Authors Direct | Google Play | Apple

              Summary

              Hey everyone. I wanted to quickly let you know about the release of the audio version of my book, The Entrepreneur Ethos, narrated by David A. Conatser. If you want to support the show, you can buy it wherever audiobooks are sold. Links are also in the show notes. 

              Now on to my guest today, Kuda Biza, cofounder of Nunbelievable.

              Kuda’s story is like something you would see in a movie. Growing up in a lower-middle-class home in Zimbabwe, he soon realized he was better off than a lot of other kids whose parents couldn’t even afford to send them to school. At the age of ten he vowed to some day help those kids. Despite friends and family who told him that his dream of going to college in America was unrealistic, Kuda found a way to not only access what he needed to take the SATs and apply to colleges; he also earned a scholarship to an American college, passing on an offer for a free ride from a university in Zimbabwe. 

              In college Kuda started a business selling T-shirts and used the profits to help fund kids’ education in developing countries. While his original dream was to be a pilot, he opted to take a job as a business innovator with a Fortune 500 company. There he learned how to build and scale a business. When a former colleague was thinking about starting a business that would give back to help feed the hungry, he immediately thought of Kuda. That business became Nunbelievable,which sells cookies and donates part of the profits to food banks. True to his spirit, when his partners wanted to hunker down and wait out the pandemic, Kuda recognized that they were needed more than ever, and in the last year, the business has grown exponentially. His goal now is to fund 10 million meals over the next three years. 

              Now let’s get better together.

              Actions to Try or Advice to Take
              • Instead of focusing on what you don’t have, focus on being resourceful. Biza found creative ways to ask for what he needed to get him where he wanted to go. Look for opportunities where others see obstacles. 
              • Take risks if they might lead you to where you want to go. Biza took a risk turning down an offer from the university in Zimbabwe and kept his hopes up. He also turned down a job as an airline pilot to work for a company that gave him opportunities to grow as a businessman and entrepreneur.  
              • Know that it is possible to combine service with business. Consider how you can help to lift up others while also pursuing your dream. Start with one cause, organization, or mission.
              • Links to Explore Further
                • Kuda Biza’s Website
                • Kuda Biza on LinkedIn
                • Nunbelievable
                • Kuda on Matchmaker.fm
                • The S.P.E.A.R method
                • Keep In Touch

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                  49 min
                • James Mulvany -- The Matchmaker

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                  AudioBook: Audible| Kobo| Authors Direct | Google Play | Apple

                  Summary

                  Hey everyone. I wanted to quickly let you know about the release of the audio version of my book, The Entrepreneur Ethos, narrated by David A. Conatser. If you want to support the show, you can buy it wherever audiobooks are sold. Links are also in the show notes.

                  Also, thanks for listening and supporting the show. It means a lot to me that you’d spend your time trying to be a better entrepreneur.

                  Now on to my guest today, James Mulvany, founder and CEO of MatchMaker.fm, Podcast.co and Radio.co.

                  If you’ve been listening awhile, you probably know I connect with a lot of my guests through Matchmaker.fm, an easy-to-use platform that helps podcasters find guests and guests find podcasts. In just a year, MatchMaker has already grown to over 22,000 users. 

                  Like many businesses, Matchmaker.fm grew out of a passion. In this case, James’ passion was radio and he intended to pursue a career in it. He eventually realized the odds were low that he’d ever be a successful DJ, so to make money he started an online business, first in design and then offering streaming services. By the time James graduated from university, he already had a growing business, which evolved into Radio.co. Since then, he’s added Podcast.co and Matchmaker.fm to his successful ventures. 

                  James and I talked a lot about what it takes to be a podcaster and we offer a lot of suggestions for anyone who might want to try to be a guest on a podcast, so if you are even thinking about starting a podcast or being a guest on one, you won’t want to miss this one.

                  Now let’s get better together.

                  Actions to Try or Advice to Take

                  For anyone who wants to give podcasting a try:

                  • James suggests planning out your first series, and not just a few episodes. Many podcasters give up after a few episodes partly because they don’t have content. Find guests to tap into their expertise. (Matchmaker.fm is a great place to connect with potential guests.)
                  • Know that it’s going to be a lot of work at first, but eventually as you find a process and a rhythm, you might find it fun.
                  • Being a guest on a podcast is a great way to get the word out about your product or service, but keep in mind:

                    • Approach it like an opportunity to talk with someone, not a sale or an interview. Just focus on telling your story. 
                    • It doesn’t matter how big the podcast audience is; use every and all opportunity to talk about what you offer. At the very least, you might have an interesting conversation. 
                    • Check out James’ YouTube channel for more tips on starting a podcast and being a guest. 

                      Links to Explore Further
                      • MatchMaker.fm
                      • Podcast.co
                      • James Mulvany on Instagram
                      • James Mulvany on YouTube
                      • James on Matchmaker.fm
                      • Jarie’s Post on How to be A Rockstar Podcast Guest and Host
                      • Keep In Touch

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                        1 hr 1 min
                      • Johnny Crowder -- Lucky and Dumbfounded

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                        AudioBook: Audible| Kobo| Authors Direct | Google Play | Apple

                        Summary

                        Hey everyone. I wanted to quickly let you know about the release of the audio version of my book, The Entrepreneur Ethos, narrated by David A. Conatser. If you want to support the show, you can buy it wherever audiobooks are sold. Links are also in the show notes.

                        Also, thank you so much for listening to the show. I really appreciate it.

                        Now on to my guest today, Johnny Crowder, singer for the band Prison and founder and CEO of Cope Notes. 

                        Johnny is not your typical CEO. He was recently featured in Forbes with his shirt off displaying all his tattoos. He’s also the singer of the metal rock band Prison. Cope Notes grew out of Johnny’s own struggles with abuse and mental health conditions as well as being a mental health peer mentor and advocate. He wanted to create something that would help kids like him that hang out at metal shows. He was surprised when his creation, a text messaging program to help people rewire their brains, worked for all kinds of people. He’s proof that you don’t have to be a “techie” to have a tech start-up. 

                        Johnny shares how being a musician has helped him not only better understand what the kids in his own community needs, but how it’s helped him connect with the people who have helped his company succeed. Ultimately his goal is to bring the discussion of mental health out from the dark and to encourage people to take a more preventative approach to being mentally healthy.

                        Now let’s get better together.

                        Actions to Try or Advice to Take
                        • Meet your customers where they’re at. Crowder realized he needed something that didn’t require people to log in. After signing up, his subscribers receive random text messages that help them rewire their brains for mental health - nothing else required. 
                        • Keep it simple. A successful start-up doesn’t have to have complicated tech. 
                        • Mine your community. Crowder was able to meet with people that were connected to organizations that have bought his product through his shows.
                        • Tell your story. Everyone has a story and it’s important that we share our experiences. It’s the only way to help others that might be struggling with the same things you are. 
                        • Links to Explore Further
                          • Cope Notes
                          • Prison (band) website 
                          • Johnny Crowder on Instagram @JohnnyCrowderLovesYou
                          • Johnny on Matchmaker.fm
                          • Keep In Touch

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                            57 min
                          • Phil Michaels -- It Lit a Fire Under Me

                            AudioBook: Audible| Kobo| Authors Direct | Google Play | Apple

                            Summary

                            Hey everyone. I wanted to quickly let you know about the release of the audio version of my book, The Entrepreneur Ethos, narrated by David A. Conatser. If you want to support the show, you can buy it wherever audiobooks are sold. Links are also in the show notes. 

                            Now on to my guest today, Phil Michaels, CEO of Tembo and a business and life coach. Forbes has listed him as one of the top 30 social entrepreneurs under 30. 

                            Before he’d even heard the word, Phil was an entrepreneur. He began his career selling lemonade on the soccer fields out of his sister’s puppet playhouse. He moved on to selling Pokemon cards, taking football bets in high school, and promoting nightclubs as a college student. He loved the hustle, yet he never considered being his own boss. He pursued a pre-med program, intending to become an ophthalmologist. Then he read Robert Kiyosaki’s Rich Dad, Poor Dad, and his life changed completely. 

                            Phil went on to co-found a company that built one of the first fitness apps, going on Shark Tank to promote his idea. He’s now CEO of Tembo Educational Group, a company that helps parents all over the world educate their kids using text messaging. Most recently, he’s started a coaching business for high achievers and CEOs.

                            In this podcast, Phil shares thoughts on the importance of fostering creativity in kids, how to tap into their motivation, the keys to building good daily habits for success, and the important questions everyone needs to ask themselves. 

                            Now let’s get better together.

                            Actions to Try or Advice to Take

                            Michaels says the three most important questions one can ask yourself are:

                            • Who are you spending the most time with? He believes in the adage that you are the sum of the five people you spend your time with. 
                            • Where are you spending most of your time? Does your environment nurture, support and inspire you? 
                            • What content are you consuming? Are you reading and learning how to become better, or are you mindlessly scrolling through social media? The books we read and the shows we watch and listen to directly impact our thoughts and attitudes. 
                            • Links to Explore Further
                              • Phil Michaels on LinkedIn
                              • Phil Michaels on YouTube
                              • iamphilmichaels.com
                              • Tembo
                              • Phil Michaels on Instagram
                              • Books mentioned: 
                                • Rich Dad, Poor Dad: What Rich People Teach Their Kids That the Poor and Middle Class Do Not!  by Robert Kioysaki
                                • The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results, by Gary Keller and Jay Papasan
                                • Breath: The New Science of a Lost Art, by James Nestor
                                • Keep In Touch

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                                  1 hr
                                • Katie Stoddart -- From Engineer to Entrepreneur

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                                  AudioBook: Audible| Kobo| Authors Direct | Google Play | Apple

                                  Summary

                                  Hey everyone. I wanted to quickly let you know about the release of the audio version of my book, The Entrepreneur Ethos, narrated by David A. Conatser. If you want to support the show, you can buy it wherever audiobooks are sold. Links are also in the show notes. 

                                  Now on to my guest for today, Katie Stoddart, business and performance coach.

                                  As a student Katie showed promise in math and physics, so going into engineering seemed like the right choice. But while she liked the work, Katie felt it wasn’t quite the right fit for her and that she needed to be working more with people. 

                                  After some searching, she landed on coaching and knew right away it was for her. As an “all or nothing” type of person, Katie gave up her job four months into coach training to launch her own coaching business. 

                                  Katie works with solopreneurs and entrepreneurs committed to growing their business and looking to increase their productivity as well as find more balance in their lives. Coaching gives her the opportunity to apply what she knows about analysis and discipline while also allowing her to be creative and work with people, elements she misses as a scientist. Like many entrepreneurs, Katie has coped with moments of low self-confidence, and she shares some strategies for how to keep going despite what the voices in your head might be saying. 

                                  Now let’s get better together.

                                  Actions to Try or Advice to Take
                                  • Stoddart shared a technique called “sugar cubes”: track all the positive feedback you get, put it in a place you can easily go back to, and periodically review it, especially when you’re feeling uncertain about your services. It will remind you of the contributions you can make to others’ lives. 
                                  • Be confident in your value when setting your rates. Charging what you’re worth affects both you and the client. Lowering your rates to try to gain clients will not only diminish your sense of self-worth, it will send the message that you aren’t offering that much value, and clients may not step up and do the work.  
                                  • Another approach for when you feel unsure about yourself is to focus less on yourself and more on others and how you can be of service. This eases nervousness and connects you to your why. 
                                  • Links to Explore Further
                                    • Katie Stoddart on LinkedIn
                                    • Katie’s Website, The Focus Bee
                                    • Thought Leadership Academy
                                    • Katie on Matchmaker.fm
                                    • Keep In Touch

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                                      51 min
                                    • Peep Laja -- It’s All About the Words

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                                      AudioBook: Audible| Kobo| Authors Direct | Google Play | Apple

                                      Summary

                                      Hey everyone. I wanted to quickly let you know about the release of the audio version of my book, The Entrepreneur Ethos, narrated by David A. Conatser. If you want to support the show, you can buy it wherever audiobooks are sold. Links are also in the show notes. 

                                      Now on to my guest for today, Peep Laja, an internet marketing expert and founder of CXL and Wynter. 

                                      Peep started out as an entrepreneur when he took a remote work opportunity and moved to Panama to learn Spanish. When he found himself without a job, he started offering his services in internet marketing. 

                                      In 2011, he started CXL marketing, which now offers e-learning in marketing and last year he founded Wynter to provide messaging testing and optimization. 

                                      Like many successful entrepreneurs, Peep saw a need and aimed to fill that need. In working on marketing for CXL, he searched for a service that provided insight into marketing copy in order to improve conversion rates. Not finding any that offered what he was looking for, he decided to start a business that filled that need. 

                                      Wynter pays people to participate in panel testing of marketing copy for both B2C and B2B businesses, providing invaluable feedback to companies looking to improve their messaging. He envisions building Wynter out to providing other services that will help businesses improve and automate their marketing.

                                      Full Disclosure: I’m on the Wynter platform as a tester and I have paid for landing page feedback as well. Let’s just say I’m a big fan!

                                      Now let’s get better together.

                                      Actions to Try or Advice to Take
                                      • So many great business ideas begin with someone looking for something to fill a need and not finding it. What tool or service is missing in your field; what would it take to offer it? Don’t assume it already exists. Even if it does, you might be able to do it better. 
                                      • Laja stressed the importance of clarity over everything else in marketing copy. Words are even more important than design in engaging and converting customers. Remember, too, that even when you’re marketing to businesses, that a human being will be reading it. 
                                      • Get feedback. Wynter is premised on the idea that getting feedback by potential customers is key to refining your message. Always search for honest, constructive feedback on campaigns and messaging from people in your target market. 
                                      • Links to Explore Further
                                        • Peep Laja on LinkedIn 
                                        • Wynter.com
                                        • CXL.com
                                        • Keep In Touch

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                                          49 min
                                        • Cody Simmons -- Dedicated to Service

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                                          AudioBook: Audible| Kobo| Authors Direct | Google Play | Apple

                                          Summary

                                          Hey everyone. I wanted to quickly let you know about the release of the audio version of my book, The Entrepreneur Ethos, narrated by David A. Conatser. If you want to support the show, you can buy it wherever audiobooks are sold. Links are also in the show notes. 

                                          Now on to my guest for today, Cody Simmons, CEO at DermaSensor, a health technology company in Miami focused on helping support clinical decisions around skin cancer.

                                          DISCLAIMER: The DermaSensor device is currently CE Marked and is also registered and available for sale in Australia and in New Zealand, It is investigational and not currently approved or available for sale in the U.S.

                                          Cody comes from a family dedicated to helping others, and he sees his work with DermaSensor as helping people in a big way. After studying bioengineering and business at Brown, he did graduate work at Stanford, and followed his interests in science and business by working for various companies and cultivating his leadership skills at a large, established company. 

                                          His role at DermaSensor is to oversee bringing a product to market that will help primary care providers detect skin cancer. This, Cody explains, will save thousands of lives, as currently many people with skin cancer are either misdiagnosed or do not follow up with a specialist. 

                                          By making the detection of possible cancer easier and more accessible, DermaSensor is poised to help more people find out earlier whether they have cancer, making a huge difference in mortality and quality of life for many skin cancer patients. 

                                          As CEO of a medical device company, Cody has a lot resting on his shoulders, from overseeing product development to pursuing funding opportunities. He says that his experiences as a competitive tennis player, in addition to his motivation to help people, has taught him to pick yourself back up and keep going when things get rough.  

                                          Now let’s get better together.

                                          Actions to Try or Advice to Take
                                          • Everyone has their part to play. Simmons recognizes that while he’s not a teacher or doctor, he can use his skills and interests to make a difference and help others. 
                                          • Always keep your why in mind. Simmons’ motivation to help save lives not only keeps him going, it’s also an important part of convincing others – like investors – to get on board.
                                          • Know when you need to call in the experts. Simmons realized that the product the company’s founders envisioned would need people with specific expertise to make it happen. Once he brought in those experts, the development process went more quickly. 
                                          • Links to Explore FurtherDermasensor
                                            • Cody Simmons on LinkedIn
                                            Keep In Touch

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                                            56 min

                                          About The Entrepreneur Ethos

                                          From the publisher's feed

                                          The Entrepreneur Ethos Podcast, hosted by entrepreneur and author Jarie Bolander, will dig deep into the traits, values, and beliefs that drive entrepreneurs to create an independent life that…

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