Michael Palumbo is a trader, entrepreneur, venture capitalist, and the author of the new book, Calculated Risk. He is the founder and controlling partner of Third Millennium Trading LLC and the principal of MJP Capital, a private regional holding company focusing on both real estate and technology. After repeated trading success, Michael entered the entrepreneurship space. He provided initial funding as the original venture capitalist for the high-frequency trading firm GETCO, which the Wall Street Journal hailed as the “High-Frequency Trade King.” That firm was valued at $1.7 billion when he exited it to a private equity group.

Entrepreneurial Role Models:

Warren Buffet

When business started difficulties overcame:

“Getting started, it’s not even getting the idea, people get ideas all the time and then they don’t do anything about it, that’s a normal human behaviour pattern, what we talk about in the book is, you just have to look at it as, there’s this swimming pool out there and the water might be cold, might not be the best temperature for you but if you want to start a business you just have to jump in”…[Listen for More]

Favourite Books:

Book by Benjamin Graham and David Dodd

Favourite Quote:

“Perfection is not attainable, but if we chase perfection we can catch excellence”

Recommended Online Resources:

* Twitter

* TED Talks

Best Advice to Other Entrepreneurs:

“Just do it, nike might sue me for that but be prepared, have a great game plan in place but then take that risk because I’m telling you when you get older and you look back and you didn’t take that risk  you’re going to have some regret”…[Listen for More]

More About Michael Palumbo:

Third Millennium Trading

Neil’s Quote at the Beginning:

“Mind knows the questions, soul knows the answers.” Amit Ray

Other Quotes From the Chat with Michael Palumbo:

* “Obviously you have to have the intellectual capability but if you don’t have a passion for it you won’t try as hard, you have to realise that you are competing with people that are willing to work hundred hour weeks and if you’re not willing to do that then entrepreneurship is not for you, the people that are going to do it will have a passion for it”

* “What will differentiate you besides some confidence, technical confidence, will be the fact that you try”

 

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Nik Mirkovic and Alex Tomic are the founders of a multi-million dollar e-tailer, HiSmile, which is Australia’s leading DIY teeth whitening brand. Both straight out of school, and after only two years in the market they are selling their teeth whitening sensation around the globe. The Social media realm has been the driving force behind the success of HiSmile, with Nik & Alex always ensuring the business is one step ahead of the latest changes and advancements.

“Don’t  wait for perfection because it is never going to come”…[Listen for More]

Click Here for Show Notes

To Listen or to Get the Show Notes go to http://wp.me/p6Tf4b-2z6

 

Tracee Sioux is a spiritual business and life coach, the author of the book The Year of YES! What if you said YES! to everything your Soul told you to do for one year? And her book  Soul vs. Ego Smackdown.

“Don’t quit, just persist like a …[Listen for More]

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To Listen or to Get the Show Notes go to http://wp.me/p6Tf4b-2yU

 

 

Marc Mawhinney is on a mission to help coaches build stronger businesses! A lifelong entrepreneur, he achieves this with his podcast, “Natural Born Coaches”, his coaching programs, and with his popular Facebook group “The Coaching Jungle”. He frequently makes media appearances and is a contributor for Entrepreneur.com.

“Remember the acronym KMF which stands for keep moving forward, if you’re not willing to move forward, if you get down in the dumps whenever you get beat around a little you’re not going to make it in business, you have to develop a thick skin” …[Listen for More]

Click Here for Show Notes

To Listen or to Get the Show Notes go to http://wp.me/p6Tf4b-2yH

 

David Barnett is a three-time best-selling Amazon small business author and works as a private business sale transaction advisor.

“You have to think about selling cycles and your customers journey, I have seen so many times when an entrepreneur says I am going to get into this certain market and I have identified the million dollar market and within 3 years I am going to capture a certain percentage of this market and that is absolutely not the way to come up with a sales forecast”…[Listen for More]

Click Here for Show Notes

To Listen or to Get the Show Notes go to http://wp.me/p6Tf4b-2yp

Jack Langworthy is an entrepreneur who started as a Peace Corps Volunteer in rural Tanzania, where he became obsessed with more efficiently connecting food supply and demand in the local farming economy. He has since founded NINAYO, an online trading platform for African agriculture, which is backed by the chairman and founder of Uber, Expa Labs, Science Inc. and the United Nations. Today we chat with him in his office in Dar Es Salaam in Tanzania.

“Tell your story, get your word out there”…[Listen for More]

Click Here for Show Notes

To Listen or to Get the Show Notes go to http://wp.me/p6Tf4b-2y9

 

 

Makenna Johnston is an alchemist and creator. She was born into this world the love child of philosophies of non-attachment and high-level business acumen. She's also the author of The Intention Generation; a  whole human leadership coach; a  business consultant; artist; and chef. Makenna can be found traipsing the world, leading experiences, and coaching creative humans (she calls them unicorns). She's also the CEO of La Peetch, a food project dedicated to cultivating community and courage through cooking  housed at Julia Child's home in Provence.

“Just do it, do the work and start, don’t worry about where to start just start. I think that we get wrapped up on the where and the how but the best thing to do is just to do something”…[Listen for More]

Click Here for Show Notes

To Listen or to Get the Show Notes go to http://wp.me/p6Tf4b-2xp

Samantha Lippiatt is an entrepreneur, healthy lifestyle advocate and co-founder of Australia’s first dedicated wellness travel company Health and Fitness Travel. Samantha has an unbridled enthusiasm for all things travel, health and fitness and is committed to providing healthy holidays options that not only enhance but change lives.

“Just begin, don’t be afraid to fail and know that there are very, very few overnight successes, the success comes from the long haul so get prepared for that”…[Listen for More]

Click Here for Show Notes

To Listen or to Get the Show Notes go to http://wp.me/p6Tf4b-2wK

Brian Shuster is one of the pioneers of the internet, and has developed and holds the patents to many core internet technologies and business methods. He is considered one of the trail-blazers in internet content provision, and has been discussed and featured in many industry and general news outlets, including: MSNBC.com, Business 2.0, Yahoo, Wired News, and many others.

“There is obviously lots of challenges one is going about starting a business. On substantial one is this sort of fear of disengaging from a more traditional path… I got in to the business of developing print materials for UCLA instructors. And so that sort helped me overcome that challenge. It sucked out all of my available free time that would have been recreation and non-productive. But by sacrificing that I was able to prove to myself that I could create a business that could generate profit and I had years to do that. By the time I was done with college  I was successful in that space. So I could rely on that therefore to not got to medical school. So I would say that was certainly probably the biggest challenge was to say, how am I going to live, how am I going to deal with not having a fall back in the event that the business that I am trying to get off the ground…because getting a business off the ground is hard – most businesses fail. And most of them fail I think because you have too short a runway. If you can give yourself an unlimited runway then you are making the call of when the business is failed”…[Listen for More]

Click Here for Show Notes

To Listen or to Get the Show Notes go to http://wp.me/p6Tf4b-2w8

 

Brian Shuster is one of the pioneers of the internet, and has developed and holds the patents to many core internet technologies and business methods. He is considered one of the trail-blazers in internet content provision, and has been discussed and featured in many industry and general news outlets, including: MSNBC.com, Business 2.0, Yahoo, Wired News, and many others.

Entrepreneurial Role Models:

None

When business started difficulties overcame:

“There is obviously lots of challenges one is going about starting a business. On substantial one is this sort of fear of disengaging from a more traditional path… I got in to the business of developing print materials for UCLA instructors. And so that sort helped me overcome that challenge. It sucked out all of my available free time that would have been recreation and non-productive. But by sacrificing that I was able to prove to myself that I could create a business that could generate profit and I had years to do that. By the time I was done with college  I was successful in that space. So I could rely on that therefore to not got to medical school. So I would say that was certainly probably the biggest challenge was to say, how am I going to live, how am I going to deal with not having a fall back in the event that the business that I am trying to get off the ground…because getting a business off the ground is hard – most businesses fail. And most of them fail I think because you have too short a runway. If you can give yourself an unlimited runway then you are making the call of when the business is failed”…[Listen for More]

Favourite Books:

Book by Sun Tzu

Favourite Quote:

“We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard” – John F. Kennedy

Recommended Online Resources:

Google

Also mentioned:

The Curio Browser

Best Advice to Other Entrepreneurs:

“Never be married to the path. The temptation to say this is the way I will be successful, this is the way I will have the business start I think leads to more failure than anything else. If you know that you are trying to arrive at a destination and you even have some flexibility on the destination”…[Listen for More]

More About Brian Shuster:

HoloFilm Productions

Neil’s Quote at the Beginning:

“Maybe we should always start everything from the inside and work to the outside, and not from the outside to the inside. What d’you think?” Aidan Chambers

Other Quotes From the Chat with Brian Shuster:

* “I am able to encounter problems before other people and I am able to solve those problems”

* “my favourite things is really the reflection and figuring out the path forward, figuring out what are the hindrances to that path”

* “those epiphany moments get me high. You have an epiphany, you realise here is a problem and here is why the industry is in where it is and where it is log jammed and here is how we can break through it, and all we have to do is go to this path, make these developments. Have those realisations is really spectacular – its highly motivating”

* “virtual reality is going to touch so many people in so many ways”

* “saying failure isn’t an option, I think that is poor advice. I think the good advice is to say well many failures aren’t necessary. What you don’t want to do is commit everything all at once and then have a major failure which disrupts your business to the point where it fails. And you want to go in with the understanding that you will find things that don’t work that you never thought were going to be an issue. And learn to overcome those before they can actually derail your plan”
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