Quick question: Do you know the difference between a board of directors and a board of advisors? Here’s the answer. I ask because most founders don’t know. And they end up going to the wrong person for the wrong thing. Imagine going to your accountant for advice on who to hire. Or to your sales director for advice on how
One of the hardest parts of being a leader is aligning your team… You know what you want. You see the vision. But your team? Are they running in circles throwing punches in the dark? Without alignment… It’s like watching your team charge into battle with no idea where they’re going (or where the enemy is).
Many founders are glued to their seats with their hands tied behind their backs… Paralyzed. Unable to make critical decisions out of fear that “things might go wrong”. And if you’ve ever experienced this paralysis analysis, watch out. It’s how you may miss life-changing opportunities. Like when Blockbuster missed buying Netflix for $50M. Or when Yahoo passed on the opportunity
“I can’t find the right people” “I’ll just do it myself” “Nobody cares about my business as much as I do” As a founder, it feels easier to do things yourself. I get it. For many years I was scared to death about giving up control. I wanted to be the best at everything in my business. Sales, marketing, operations,
Nokia. Myspace. Blockbuster… They didn’t evolve fast enough. Now, where are they? And after two failed businesses, I learned this the hard way:
“Am I paying my team enough?” I get it… I’ve had gaping holes in my business. It’s no fun. And losing your best people without warning is terrifying. It’s like trying to walk with a broken leg. Or play ball with one eye closed. Even if no one has left your team yet… There’s always that: “what if?” But no
Are you an 80-degree entrepreneur or a 90-degree entrepreneur? Today, I want to share with you a concept called the success thermostat. You may not realize it… But in your mind, you have this thermostat for the level of success you feel worthy of. And until you can increase it, you’ll stay locked where you are… I’ve literally seen entrepreneurs
It’s one thing to have a great idea… But how do you take a crazy idea and turn it into millions per year and then exit? That’s what we’re discussing in today’s video with my guest Trent Kitsch. Trent’s a guy that’s done it all. Right from the get-go, he was faced with uncertainty and rejection. But Trent pushed through.
It’s hard to say goodbye… For years, the last thing I thought about every night was my company, Spheric Technologies. It was part of me. It was me. My identity was: Dan @ Spheric And at 28 years old, something happened that changed my life forever. Someone asked me if I was looking to sell. Sell? My baby?!
Think of how easy it would be to scale if you could say… “Google is one of our customers.” (Or an early adopter equivalent in your industry.) Right? There are some early adopters out there… And if you can sign them on as a customer (or strategic partner) they’ll bring all your other perfect-fit customers along with them. You go
