Sep 26, 2021
Entrepreneurs Have to Know How to Pivot w/ Allan Draper on Business Consulting
- BRT S02 EP 39 (86) 9-26-21
Things We Learned This Week:
- Create a Business about Solving a Specific Problem
- Be Wary of Distractions – aka Shiny Object Syndrome
- Cash Flow - #1 Reason Why Business Fails in the First 5 Years
- Art of the Pivot – How to Adapt in a Changing Business Environment, yet keep the Core
- Business Partnerships is akin to dating or even Marriage
Guest: Allan Draper
https://allandraper.com/
/ Host of The Business Growth Pod
Allan Draper is a seasoned Entrepreneur who owns 22 business with 8 Partners, and has a diverse background from legal (Attorney – licensed, doesn’t practice), to Real Estate (licensed for his own property investment), to Pest Control and more. He is a self described ‘Jack of all trades, master of none’.
Allan surrounds himself with good people who can help or manage his operations. He is also a Guide and Business Consultant who does not charge, all pro bono. Allan talks all things Entrepreneurship - Create your vision and tune in.
Notes:
Surround yourself with good people
Business consultant – pro bono, Allan is a guide
Create Vision - Would you pay for your service?
Create a business out of solving a specific problem
How to launch in the next 6 months, then 2 years of growth
Jim Collins talks of the need to adapt to change (be flexible), a culture of change
Adapt to environment, Pivot when needed but keep core philosophies
No distractions, focus and avoid the ‘shiny object’ syndrome
Cash Flow - #1 reason businesses fail in the first 5 years
How to fund a business, Do you need a Partner
Mental Aspects of business, the need for fortitude, as there will be tough times
Business partners are like dating or marriage, pick carefully as you spend a lot of time working together
Paypal Mafia – MB revisits the Infamous Founders Team
Paypal’s origin in the early 2000s had the one of the most legendary tech teams ever, with numerous ex-Paypal alum going on to form billion $ companies.
Here are just a few of the names & Co’s they started:
Elon Musk – Tesla, Space X, Boring Co.
Peter Thiel – 1st FB Investor, AirBnB Investor, Founders Fund, Palantir
Reid Hoffman – LinkedIn (sold to Microsoft)
Max Levchin – Affirm, Investor in Yelp
David O. Sacks – Geni.com & Yammer
Chad Hurley – YouTube
Russel Simmons – Yelp
More: https://en.wikipedia.org/wiki/PayPal_Mafia
Investing Topic: https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement
‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT
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Business Roundtable with Matt Battaglia
The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving.
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