Misfit Nation! Welcome to the Misfit Entrepreneur 2017 year in review where each year I attempt to boil down all of the incredible, useful information, strategies, and tips that our guests have given on the show into less than one hour for you…with a few surprises thrown in.
It’s impossible for me to go over every single best piece of advice from these amazing people and that is why I urge you to take some time and go through the Misfit Archives to see which episodes resonate most with you. In doing this episode, my goal is to spur ideas – to give you a lightning strike that propels you down a path of action to better improve yourself, your life, and your business or career in 2018!
But, before listening, I want to tell you something. I want to say “Thank YOU.” Thank you for listening. Thank you for your support of the show and thank you for sharing our message. Without you and the amazing feedback members of this audience give me every week, it would not be half of what it is. Because of you, in just over a year, this show has reached hundreds of thousands of people in over 70 countries. I am truly humbled and in awe of what we’ve done together and I am excited about having an even bigger impact with your help in 2018.
THANK YOU, THANK YOU, THANK YOU, and I hope you enjoy this episode as much as I did creating it for you!
This week’s Misfit Entrepreneur is Thom Singer. Thom is the host of the Cool Things Entrepreneurs Do Podcast, a renowned professional keynote speaker, and MC, and is a 12-time author of books on everything from business relationships to presentation skills.
Thom is one of only a few in the world, who is a certified speaking professional or CSP. He has spoken to audiences such as Fortune 500 companies, global organizations, and everything in-between and has presented to over 600 audiences in his career.
As Thom says, “in today’s distracted business environment, there is a disconnect between social media likes, links, shares, and follows – and real meaningful business connections. My work centers around helping people get back to the basics of relationships that lead to better opportunities, more sales, and realizing their true potential.” The ability to speak clearly, effectively, and deliver a message is one of the most important skills you can have in life and I’ve brought Thom on today to give you his best advice on how to set yourself up for success.
Thom spent over 20 years in corporate America working for Fortune 500 companies, law firms, and even startup ventures doing sales, marketing, and business development. As he says, he always felt like his ladder was against the wrong wall. He did well, but he felt something was missing. Thom would go to different conferences and see speakers and started to see an opportunity for himself. Thom joined Toastmasters and had a knack for things. He even placed in the Top 18 in the world for their global speaking contest (out of 20,000).
He started using his speaking ability to create educational forums and classes for the law firm he worked for at the time. Thom loved teaching through speaking and started travel doing his speaking and teachings. It was during the 2008 downturn that he made his move and now is a full time speaker and MC and is much happier having his “ladder against the right wall.”
How does someone overcome the fear of public speaking?
One other tip…
Create “Speaker’s College” in your mind. It’s free to enroll. Every time you see anyone give a speech, remind yourself that they are the professor and you are the student. Watch for what you like, what you don’t – figure out what resonates and learn from them. Ultimately, you will do in your own way, but it will help you figure out what your style is. And then every time you give a speech, your goal is to get a little bit better. And…SMILE!
At the 18 min mark, Thom talks about what makes a great speech?
There is no “true outline”
Speaking Do’s and Don’ts?
Great speakers to study and learn from?
What advice do you have for speakers on how to get clients and engagements?
At the 40 min mark, Thom talks about his biggest challenge as an entrepreneur – overcoming the plateau.
Most unique thing you’ve learned from interview so many entrepreneurs on your Cool Things Entrepreneurs Do Podcast?
Entrepreneurs are more than wanting to make money, they want to give back and serve the greater good.
Best Quote: “It’s up to you to bridge your gaps. There is no substitute for experience and experience will help you get better and better.”
Thom's Misfit 3:
This week’s Misfit Entrepreneur is Scott Lopez. Scott has an interesting background. He is a former Marine Corps fighter pilot turned Investment banker who works with early stage tech companies that need financing. He helps to get investments typically in the range of $1 million to $100 hundred million…oh, and on top of that, he is a world champion in Brazilian Ju-jitsu and the host of his own podcast, the Disruptive Investor Radio show which highlights disruptive technology companies that could potentially change the world, as well as the professional investors that invest in those companies.
Scott has a unique perspective on what is on the cutting edge of tech and what investors are looking for in an investment pitch, so I wanted to have him on to share this with you for you to know which technology to look out for - as well as what you can do to wow investors if you are pitching your startup or company.
Scott started from humble beginnings as a welfare kid. He didn’t have much growing up. He moved around a lot. He admits he had some issues with self-esteem. What helped him overcome this was joining the Marines. He spent 10 years in the Marine Corp as a fighter pilot and says that this helped him to find who he was and gain confidence in himself.
He then went on to get his MBA and worked with Starz and Charter Communications. He opened up a business in health care. Scott also started speaking and consulting. Because of his background in healthcare and success, he was able to start in investing in companies, such as medical device and others. This lead him to working with a hedge fund and ultimately to investment banking.
What have you learned about how to overcome obstacles and become mentally tough?
Your perspectives, beliefs, and consciousness (how you see yourself and your interactions with others) all impact who you are and your ability to succeed in life. Scott says that he as fortunate to attract great mentors into his life. He learned about modeling and the fact that “success leaves clues” from Brian Tracy. Simply put, if you want to do something or learn something, you can find someone either in person, a book, video, or any other medium doing it and learn from them.
Scott recommends the book, “Psychological Foundations of Success by Steve J. Krauss” that is a scientific process of mapping out a system to succeed.
What is the system/process?
Other advice to overcome and succeed in life?
How do you get rich?
If there is a problem, someone is going to find a solution and the bigger the problem, the bigger the opportunity – and money you can make.
What trends are important in technology that we should be watching?
At the 21 min mark, Scott talks about a good strategy to decide if your idea will work before you ever start a company and then how to go forward with an exit strategy already in place.
At the 27 min mark, Scott discusses the investor side of things such as how investors and capital groups choose to invest and what you should know if you plan to seek investment or sale of your own business or startup.
Anything else we should know about the tech space?
What have you learned in all your work with Jujitsu and being a Marine Corps fighter pilot that translates well to entrepreneurship?
Advice for young or new entrepreneurs?
Best Quote: “Don’t let “Best” get in the way of “good enough” when it comes to starting on your dreams.”
Scott's Misfit 3:
This week’s Misfit Entrepreneur is Scott Alan Turner. Scott is the Financial Rock Star, who went from what he calls a “money moron” at age 22 to self-made millionaire 13 years later. He sold a business he started with his wife that allowed them to do whatever they wanted for the rest of their lives. Additionally, he’s been a partner and owner in 8 companies and even took one from with $7 to 7-figures in sales in 18 months.
Scott is the author of best-selling book, the 99 Minute Millionaire, the host of the Live Like a Financial Rockstar podcast and his mission is helping people get out of debt faster, save more money, and retire rich.
Successful entrepreneurs know that it is not just success in business, but also a good solid financial strategy that helps them win and Scott is going to share is best rockstar advice to help you get ahead and attain financial freedom today.
Scott became a self-made millionaire and was retired in 13 years, but he had a rocky start. Scott came out of college with what he says is huge lack of financial education. He got into financial difficulties right off the bat. He over-leveraged and bought too big of a house and too much car, had no savings, and a ton of debt.
He started to self-educate on finance and started learning to save and used his savings to start paying down his large mortgage. He was working in IT with a decent job and was approached about starting a side business which grew into business that he eventually started working at full time. He took a 65% pay cut but says it was the right decision.
Scott attributes his success in becoming a millionaire to what he calls, the “3 Legged Stool.”
Most important thing you’ve learned about finances in life to this point?
Money is just a tool to use. What people really want is the lifestyle that they think money can give them and thus money is not the end goal, but the tool you can use to get you there.
At the 8 min mark, Scott talks about the reality of having an awesome lifestyle for very little money. The key is really to take the time to get clear on what you want in your lifestyle as it might take a lot less than you think.
What are the steps every entrepreneur should be taking to maximize their wealth?
#1 Piece of Advice to Get Out of Debt?
But what if you have a car or need a car, what is the #1 Piece of Advice to Save Money?
#1 Piece of Advice to Retire Early?
At the 16 min mark, Scott talks about what you can do as an entrepreneur and business owner to help yourself be more profitable and create more wealth.
Tips for transitioning from employee to entrepreneur and entrepreneurship in general?
Knowing what you know today if you were going to start a business, what would be the “go to” strategies you would use to get it going?
At the 28 min mark, Scott talks about tips for building a good web presence
Advice for young entrepreneurs?
Thoughts on the future of the financial system and what people should be thinking about?
Best Quote: “Most people think they need more money than they really do, but they don’t take the time to sit down and ask themselves what they really want, when do they want it, and what it will really cost to have it. Financial independence is something anyone can have – it truly is..”
Scott's Misfit 3: