This week’s Misfit Entrepreneur is Dana Malstaff. Dana is the founder of the Boss Mom movement. It all started with her best-selling book, Boss Mom: The Ultimate Guide to Raising a Business and Nurturing Your Family like a pro. Today, Boss Mom is a company serving other boss moms all through the world through programs, events, and the wildly popular Boss Mom podcast.
Dana has been featured everywhere from Fast Company to INC, and I have been fortunate to share the stage with her. She brings an energy, passion, and insight that few can rival.
She has built an amazing community and systems for her business that allow it to continuously scale and those are just a few of the many items I want to cover with her today.
Dana says her story isn’t unique, but I’ll let you be the judge. When she started she felt like she was alone, but also felt like her story had to be other people’s stories. So, she had to share it. She became a mom and an entrepreneur on the same day, literally. The day she quit her job, she conceived her son.
Dana says that owning children and owning a business is so similar to raising children. They grow the way babies do and give you all of the fits, challenges, tribulations, feelings of not knowing what you are doing…and everything in-between.
She felt really alone because none of her friends were doing what she was doing. She went through her first year having a success and a ton of failures both as an entrepreneur and a mother. It wasn’t until a little after a year in, when she moved to San Diego and was surrounded by an environment where others were like her and building businesses while being parents, that things started to click.
Being in this environment made her stop feeling alone and different, but invigorated. As she began to network and meet other entrepreneur-moms, she realized that the majority of them didn’t really know how to truly build or run a business.
That is when she decided to write Boss Mom and start the movement because that is what she is good at – building a business operationally and strategically.
Once the book was published, it took and the movement did as well.
What is the best piece of advice you would give all Boss mom’s out there?
What was the first day at Boss Mom like?
Quick Tip: At the 14-min mark, Dana talks about the “buttons” she uses on her website and the interesting names she gives them and why. Her tip could really help the engagement on your website.
Take us through how you learned to scale Boss Mom and how others can use what you’ve learned:
At the 18-min mark, Dana walks through the above in detail and talks about the difference between “Dream-makers” and “Deal-Breakers”
At the 24 min mark, Dana talks about creating your “Movement Manifesto.”
Answer the following of yourself:
At the 26:40-mark, Dana gives her manifesto/motto Facebook groups, you’ve cracked the code.
What is the strategy you can teach Misfit Nation to maximize their use in growing a business?
What is allowed, not allowed, how will people feel valued and part of the system?
First 2-3 steps for newbies:
Other tips on building a tribe?
At the 35-min mark, Dana gives her blueprint for the “Free to Paid” Journey Advice for an entrepreneur starting out today and for a seasoned entrepreneur?
Most important thing you’ve learned about yourself?
The journey is what is most important, not the outcome
Best Quote: “The learning is in the doing…It’s not about clarity. It’s about the direction and the framework.”
This week’s Misfit Entrepreneur is Steve Olsher. Steve is known as America's reinvention expert. He has done it all. From being one of the early web entrepreneurs in the 90’s to creating massive financial deals to being a best-selling author, top influencer and radio personality – there is little that has he as not accomplished. I’ve gotten know Steve well over the last year and was even honored to attend and present at his New Media summit.
But, like many entrepreneurs, how Steve got to where he is full of twists, turns, and incredible lessons on how to succeed and win in life. He’s helped tens of thousands of people all over the world recognize and maximize their “what,” their singular gift that they can use to turn their dreams into reality.
Steve is known as Mr. Bold and after our time together today, I think you’ll understand why.
Get a FREE copy of Steve's #1 NYT Bestselling book at www.WhatisYourWhat.com
Steve says he got to being where he is by being a Misfit. His journey has been full missteps in a lot of ways. It these missteps that he credits with getting him where he is at.
At the 6 min mark, Steve tells the story of how he started in the web in the early 90’s creating some of the first online stores and secured the domain Liquor.com. In 1998, he bought Liquor.com for $7500 which was a good amount of money for web address back then. By March 2000, they were doing millions in sales and were ready to IPO the company.
It was bad timing as the markets literally crashed and by this time, Steve had signed away the bulk of his control to Wall Street. He gave up his management rights. And then when the company couldn’t go public, he was stuck holding the bag with his hand completely tied. After 9 years of hard work, he walked away from everything.
In 2005/2006, he tracked down the domain and convinced the owner and get it back after a long process and reclaim it. He then put it up for sale and got an offer for $4.25 million, which he took, only to have to buyer default after a couple payments. So, he took the domain and rebuilt the company around it to what it is today.
He uses this as a lesson that if you stay the course and pursue your goal, it will eventually work out. It may not work out as you planned, but it will work out for you.
At 13 min mark, Steve tells the story of how he got into the real estate markets. After walking away from Liqour.com, he got into real estate development. He would buy older buildings, refurbish them, and then turn them into different types of developments and did it up to 2008/2009. Once everything imploded in that world, he had to give properties back to the bank, go through litigation for over 5 years, and lost almost everything.
You can reinvent your life on a dime.
You must answer the core question of “What is your what?”
Many people are spending their time support other people’s “what” and that adds up to a tremendous amount of time you cannot get back, so figure out what is your what and focus your time to get it.
How does someone get the true answer of their “what?”
What is the most important thing you’ve learned about how to succeed along the way? What is the most important thing you’ve learned about yourself?
Best advice to succeed and build a business today?
Thoughts on creating and maximizing a niche?
Steve uses a great example of niche in this section starting at the 41 minute mark
Best tips to grow an audience and get found?
At some point, you have to move beyond free.
You can’t cheap it out
You will need to invest in education, mentorship, or coaching to get you from point A to B to help you succeed at higher levels and accelerate your success– you can’t get it just from videos on the net.
Best Quote: "Don't live for a day in the future that may never arrive..."
Steve's Misfit 3:
This week’s Misfit Entrepreneur is Akshay Nanavati. Akshay is a former Marine Corps veteran, adventurer, speaker, and author of the best-selling book Fearvana: The Revolutionary Science of How to Turn Fear into Health, Wealth, and Happiness.
The Dalai Lama said, “Fearvana inspires us to look beyond our own agonizing experiences and find the positive side of our lives..”
Through his work, Akshay has been featured on CNN, Fast Company, INC, Entrepreneur, Forbes, and almost all of the major news outlets.
Simply put, Akshay has faced and stood down fear and learned how to bend it to his will. Fear is something everyone faces and struggles with in some form or fashion, and for some time I have wanted to do a show where we dive deeply into facing our fears and overcoming them. When I met Akshay, I knew he was the guy to do it!
Akshay and the Fearvana movement really started in high school. He wasted a year of his life with drugs and lost two friends. It was the movie “Black Hawk Down” that triggered to get out of his selfish, meaningless life he was in. He went to join the Marines, but it too a year and half to get in because of blood disorder he has. He had to fight his way in and once in he started to learn how to push himself and started to explore other ways to do it. Outdoor extreme sports became his playground.
He was then sent to Iraq where his job was to clear IEDs. When he returned, he had trouble and was diagnosed with PTSD. He started drinking and go to the brink of suicide.
When he hit that low, he knew he had to change and learn to heal himself and learn to lead a meaningful life. He began to study it and learned how to manage and control his fear and harness it to his advantage. Fearvana and the business he has built around it came from this journey.
What is the one thing people should know about fear and how to use it to their advantage? T
he single most important thing is that it is not a negative emotion. The reality is that we just have emotions – it is us who choose whether to view them as negative or not. You must build a positive relationship to suffering. If you can, you can do anything in life.
At the 7 min mark, Akshay answers the question, “What is it about fear that paralyzes people and makes us react the way we do to fear? What do we actually have to overcome?”
You do not want to miss his answer…
How does somebody recondition themselves to use fear to their advantage?
At the 10 min mark, Akshay gives a great example of this with his PTSD and how he used this process to overcome it.
“There is no such thing as irrational fear…”
Does fear masquerade itself as other things in our lives?
“The biggest thing that separates peak performers is that they don’t stress over stress”
Take us through the Fearvana process?
5 steps: The Unstoppable Warrior Formula
At the 18 min mark, we discuss how to get people to the action step quickly. Why is there a disconnect from when we recognize things to actually acting on them? Akshay gives a number of examples and what to do.
One key is to work your way up the ladder of fear. Put yourself in incremental levels fear as you progress. What has surprised you to most in all of your work with fear?
How much everyone is suffering In their own way. We tend to think we are the exception and the “odd one out,” when in reality we all are suffering in some way. People should take comfort in that. Even the people you look up to have their own levels of suffering, but there is a gift in that when we learn to find it and embrace it.
At the 25 min mark, Akshay talks about the post fear process.
What is the most important habit and how do you break any habit at will?
At the 31 minute mark, Akshay talks about his routines and how he sets them up.
There has to be something you are truly afraid of??
What have you learned in becoming an entrepreneur that is important to share?
Other resources you used to develop the Fearvana Philosophy?
Best Quote: “The balance of action and awareness is ultimately how all growth happens…”
Akshay's Misfit 3:
Hello Misfit Nation! Welcome to another edition of "Lessons for Hannah!" In November of 2016, we introduced a new format that we are putting alongside our regular episodes called “Lessons for Hannah.” Hannah is my daughter and one of the main inspirations for the Misfit Entrepreneur. I wanted to have a place where she could go and learn from her daddy and his Misfit friends throughout her life….even after I am gone. If you haven’t listened to the first episode of "Lessons for Hannah," I urge you to as it gives some more background and tells the amazing story of how Hannah came to be in our lives.
"Lessons for Hannah" are short, very useful, and sometimes comical lessons, that I have learned which I want to share with you and give to Hannah to help in your lives. Because I want Hannah to have these for her life, I’m going to speak as though I am talking directly to her. These episodes are a lot of fun and if you think there is a lesson that we should include in these episodes, please don’t hesitate to send it over to us at email@example.com. We’d love to share it.
This week’s Lesson for Hannah
I want to speak to you about something that I am extremely passionate about. It is one of the biggest habits of the highest achievers throughout history. And thankfully, I found it at an early age. I hope you will do the same.
I’m talking about self-education and lifelong learning. I’m not talking about school. You are going to school, or maybe even by the time you listen to this will have gone to school and maybe even college.
Here is what I want you to know about traditional school…and it’s somewhat controversial. First, it’s not enough. Going to school will give you a great base of subjects and concepts for you to build on the rest of your life, but it is only the beginning. Your real education will begin when you decide to self-educate or get into the real world. And that brings me to my second point which is that going to school and college doesn’t adequately prepare you for the real world you are going to step into. In fact, they teach you a lot of things and condition you to the opposite of what works in the real world.
Let me give you an example. In traditional school, if you are taking a test and you lean over to your friend next to you asking them for help or thoughts on one of the questions on the test – the school will tell you that is cheating and punish you for it. That is not how to real world works. In the real world, it is the opposite – you get the best and brightest you can find in a room together and have them figure out the best solution and answer to things….and when they do and it generates the desired results – you reward them.
Don’t get me wrong, going to school will teach you a tremendous number of things, one of the most important learning to read. Once you learn to read, it not only opens a whole new world but a whole new world of possibility to you. Sadly, most take this for granted and never grow beyond their traditional schooling.
And that is the difference between the majority of the highly successful and everyone else. They realize the importance of self-educating and continuous learning and growing. One of my favorite quotes is from an old personal growth expert (well, old to you) named Jim Rohn where he said, “Successful people have libraries. The rest have big screen TVs.” Such a major distinction.
But, here is my best advice for you on your learning journey. Don’t take what you read or learn for granted, on your own or in school. Question it with boldness, seek the truth, challenge yourself and assumptions you make. And I will caution you that this will get you into trouble at times. No one likes it when the status quo is questioned, especially in traditional school. But, if we didn’t have people that challenged the conventional norms and ways of thinking, we would have 90% of the things we take for granted in this world. Most of the major innovation comes from directly challenging what society tell us is how things should be. Just know that mommy and I will always have your back – so question away!
There are a lot of books out there, especially when it comes to history, that don’t tell the truth or leave out very important details and this is why reading multiple sources on a topic is so important. You will start to notice patterns and things that are consistent that you can test and prove out. And I think that is probably one of greatest parts of lifelong learning – you can always surprise yourself and have breakthroughs in all areas of your life.
In the show notes of this episode, I have put some of my favorite books for you to check out, when you are ready. Never stop learning, growing, questioning, challenging, and searching….
I love you, Daddy.
Selected Book Recommendations (Hannah, just ask me for others as there are too many to put here!):
The Holy Bible - The greatest story ever told and a book that sets the basis for almost every lesson you can learn for life and success. Whether, you believe in God (which I do) or not, the wisdom in the Bible is timeless...and endless.
The Richest Man in Babylon - A parable that teaches the bedrock of sound wealth. Ironically, you will find much of the same lessons in the Bible
How to Win Friends and Influence People - Timeless book on how to engage, motivate, and work with others
The 5000 Year Leap - I consider this the beginners guide to understanding the principles that founded the United States of America and that created the Constitution, a document that after many years of study, I have come to believe is one of the greatest creations of mankind.
Think and Grow Rich - Great book. Compiles much of the wisdom from history and the Bible for how to create wealth and achieve your dreams. Another easier one to read that covers a lot of the same things is Secrets of the Millionaire Mind (this book gave me a lot of epiphanies when I read it at 21)
Rich Dad, Poor Dad - Hannah, I will have taught you the concepts this book shares by the time you are old enough to read it, but it is a must read at some point. Talk about questioning the status quo and introducing you to entrepreneurship - this is a good one
The 21 Irrefutable Laws of Leadership - Timeless lessons on leading yourself and others
The Ten Year Career - Ok, I know it is a little self-serving to put my book in here....but honey, it is pretty good and will give you a good idea of many of the things I've learned and used to build the life we have. :)
There are so many amazing books out there. My best advice is to read a broad range from the classics, to history to personal growth. In fact, here is a list of the classics that I found that is really good...
This week’s Misfit Entrepreneur is Nischal Shetty. Nischal is the founder of one of my favorite social media management tools, Crowdfire. Crowdfire is a social media manager that helps your manage across all social accounts, grow your impact, audience, and message, and helps you to engage more fully with your tribe.
Millions of people and companies use Crowdfire for their social media growth and engagement.
Nischal not only founded Crowdfire, but physically built it, boostrapped it to its first million in revenue, and took the service from 0 to over 15 million users without spending any money on marketing or advertising. In fact, he developed a unique marketing strategy called ETC to achieve this, which is just one of the things I want him to share with you today. For his efforts, not only does he have a great company to show for it, but has also won a number of awards, including being chosen as a Forbes 30 under 30. I am really excited for you to learn from him.
FREE Gift for Misfit Nation!
Go to Misfit.CrowdfireApp.com for 3 months of Crowdfire FREE
Nischal says he is an “accidental entrepreneur.” He was an engineer that wanted to create some extra money, so he created a blog because he had heard you could make money doing it. After blogging every day for a month, he realized that “just blogging” doesn’t guarantee success. So he started researching and spending time learning how to market his blog and get his message out. That lead to him building the first version of Crowdfire. He used that to grow his blog and eventually put it out there for others to use and was amazed at how many people used it.
He then bootstrapped it for the next year and then quit his job to go full time. That was 6 years ago and Crowdfire had about 500,000 users. Now it has over 15 million users and employs 45 people.
Nischal credits his entrepreneurial streak to his father – a restauranteur, but it was never forefront until much later. The building blocks were always there, but it took him some time to realize it.
What is the most important thing you’ve learned about yourself in your journey?
At the 7:20 mark, Nischal and I discuss his way of thinking like a contrarian and turning whole business models upside down.
Lessons learned from bootstrapping Crowdfire to its first million?
Thoughts on creating community?
What does it take to build a successful company?
Thoughts on building a company culture?
At the 21 min mark, Nischal discusses the ETC strategy and how Crowdfire used it to go from 0 to 15 million users with no marketing money spent.
ETC stands for Ego, Temptation, and Curiosity
What trends are changing in social media? What’s working?
Best quote: “Everything good or bad in a company starts with the founders...”
Nischal's Misfit 3:
This week’s Misfit Entrepreneur is Michelle Parisa Wazek – also known as Michele PW. Michele is the copywriter to the stars. She has worked with everyone from Brian Tracy to Lisa Sasevich and over the last 8 years, her “love based” copy and marketing philosophy has sold nearly $50 million dollars in products and services.
Michele is a best-selling author many times over, has appeared across countless media, and works with hundreds of clients throughout the world helping them to, as she says, “Build a business your love that loves you back.”
But like many successful entrepreneurs, she does things differently and approaches her craft with a completely different view than the norm. She does it by employing love. When I first met Michele, I was incredibly intrigued with this approach, especially after hearing that it continues to generate millions of dollars annually. So, I asked her to come on the show and share her biggest secrets to help you find more success in your business.
Podcast: Love Based Money
Everything all started for Michele when she was 3 and taught herself to read to because she wanted to write books. Being a writer has been a driving influence throughout her life. When she got to college, she discovered “direct response” copywriting. She helps people sell one to many through her copywriting.
Connecting with people is one of the most critical things for businesses today – What is the most important fundamental thing people need to do to genuinely connect?
How does someone know they are hitting the mark? What are the people that are “doing well”…doing well?
At the 11-min mark, Michele answers the question, “What is Love-Based Copywriting?” and is so important to listen to what she says!
“Don’t build your business on a foundation of fear…”
At the 15:30 mark, Michele gives examples of what she has done with clients.
Copywriting is the same as salesmanship in print – how would you act if you were in front of someone looking in their eyes?
At the 22 min mark, Michele give some great advice on selling. Pay attention where she talks about how clients and not you need to rescue themselves.
Formula for a successful copywriting campaign?
Best ways to get feedback?
Common mistakes made in copywriting?
Tips for generating leads?
Michelle did not use “loved-based” copy in the beginning, she did more fear-based
She would follow what clients wanted even if it made her uncomfortable
Best Quote: “Don’t build your business on a foundation of fear…”
Michele's Misfit 3:
This week’s Misfit Entrepreneur is JV Crum III. JV probably needs no introduction. He is the best-selling author of the Conscious Millionaire and founder of the #1 rated podcast of the same name that has over 12 million listeners in almost 200 countries. JV became a self-made entrepreneur millionaire in his early 20’s. Aside from being a best-selling author and entrepreneur, he is a keynote speaker, certified business coach, attorney, and CEO of the Conscious Millionaire Institute, a global entrepreneur business coaching, training, and wealth product business.
It didn’t start out like this for JV. Like many kids he grew up with a lot of financial uncertainty, he dreamed of a different life. He decided early on to become a millionaire.
By the age of twenty-five, he had realized that dream and celebrated by purchasing a new luxury home on the water and his first Mercedes. He had the “American Dream”.
Life was great, except for one thing. J V quickly realized that his childhood dream had not included the truly important parts of life, such as feeling a deep sense of purpose and fulfillment. Although he had all the trappings of wealth and success on the outside, he felt empty inside.
This awareness led him to two decades of searching, which included reading extensively in the areas of both human potential and spirituality and it is the lessons from this journey and what has happened since that I have him to share with you in this interview.
Free Gift: 3 Day Challenge Rapid Growth Formula with JV and Copy of the Book
JV grew up poor out in a little country town. He grew up swimming and fishing with a cane pole because he could not afford a real fishing rod. He started his first business at 4 years old selling juice on the corner to help his family out.
One day, he asked the question, “What is the solution to his family not having money?” his answer to himself was that he was going to be a millionaire. His mother told him not to tell anyone. His mother had the mindset that very wealthy people had done something wrong to get it and didn’t want him to grow up doing wrong. Nevertheless, he kept this goal and by his early 20’s had done it. He made his first million at 25 years old. But, soon after he started to realize that something was missing and went on a journey to find it. He had the money, had the things – but wasn’t happy. There was something more. He sold his companies and began a focus on doing something greater and having an impact. He lived in a monastery, went to places to do deep work on himself, and would bare his soul to the groups he worked with.
He was told he had anger and he denied it for a while before finally working through it.
At the 10 min mark, JV talks about how he arrived at doing something that really matters.
What is the most surprising thing you’ve learned about life and yourself? What truly matters?
At the 17 min mark, JV answers the question, “What does it mean to be conscious?”
There are 3 definitions:
Pay special attention at the 23 Minute mark as JV discusses the 7 Habits of the Conscious Millionaire and the process of habits. This may be the most important part of the interview.
The 7 Habits Are:
What is your formula for building wealth?
JV uses a Rapid Growth Formula (he shares the first two that are foundational)
Think of your purpose as a gold coin that has one side that has your purpose and then on the back says the secret The secret to finding your purpose is to find out what the difference is that you really want to be making. Take some time to discover this and be very specific.
Once you have this, then look at the skills that come to you so easily you can do them in your sleep. What are naturally good at? Knowing what you do really, well will help you know where to fill gaps.
Breaking Down Conscious, Focus, Action:
Conscious – 3 questions to ask
Focus – 3 ways that you need to be focused
Best Quote: “Normal people are busy fitting in where we are busy redefining.”
JV's Misfit 3:
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: