🎙 Inventive Journey | Real Stories From the Startup Survival Club

The biggest myth deals with the issue that people think, that if somebody has a hit song or a big success on a chart or billboard, they are going to be an instant millionaire or just going to be wildly successful. That is the exception rather than the rule.

You don't have to know why you are doing something when you're starting out. The pieces to why you're starting don't have to be in place. If you have a good idea that's good enough for the first few stages of business. The pieces will follow the place later you don't have to know the "why", you might know the what, how, and where but the "why" may reveal itself to you later.

People think that when you go to a training, it's a one and done. If you're in a training you actually have to be immersed in it, you've to keep doing it. Training that Ryan finds very valuable, he does them multiple times. The books that Ryan read are very valuable he would read them multiple times. The first you go through anything you're only going to absorb 10-20% of that at a retention level....

The lifestyle that you have as a business owner should be a big factor in what type of business you wanna start and the goal you're trying to achieve at the end of the day is important too. If you're gonna start something it's going to be your life for 10 years. So make sure you know what you're getting into. Talk to some other people who have done it before and just make sure you're understanding...

A Brand is only the domain of consumer-facing companies. It's an organizing governing principle that allows decision-makers to make informed decisions faster, better and cheaper. That's what a brand does for anybody.

Your business will continue to grow as long as you focus on what is important to you: delivering high-quality coaching, development, service, or high-quality product that you want to serve. You will continue to grow if your customers know what they are coming to you for: quality.

You read so much about the food and beverage industry right now that plant-based and keto and everything else that is going on, you'd think it's an easy industry to be successful in, because there are so many new brands launching. Yes, there is a lot of access to capital but there wasn't 20 years ago it's very challenging and very competitive. Grocery is an expensive market to launch in and one of...

Get really clear about what is it you really want so that you can focus. You don't have to do a lot of things to be successful rather than find specific things you need to focus on and that's where coaching really helps to align with that. So figuring out how much time do you want to spend, how much do you need to make and what do you love to do and then finding the highest value offer you can cre...

When you look at "Mistakes" as a mistake is a negative term like you did something wrong but it's not. There is no such thing as a mistake. As long as you are able to learn from it it's not a mistake, it's beneficial. A lot of entrepreneurs say that they look at people who failed a lot more times than they look at people who are more successful.

Just start, people who are thinking about starting. You don't need to sit and ponder for weeks or months about whether or not you want to do it, the best is to do it and see if you like it. Let data guide you on your path because when you do it either you'll absolutely love it which is great or you'll hesitate and avoid doing that.

Fail fast, move fast, and don't reinvent the wheel. If there's something that's been done you can use it. Especially in engineering products,  use APIs, use things off the shop. You're Initial goal should actually prove that this technology is possible or the product is possible. So, get that MVP out, get it to the hands of people and have them use it. sometimes all the planning in the world...

Find a mentor, find someone who has tread that path, find someone who has already done it, it makes life much easier. In the business journey of Anton Dormer, as he reached the peak of his business success, there was nobody beside him he was alone. He had to do all of the research and investigation. There was no one for him to show a way to achieve his success. So, basically find a mentor who coul...

Build Network. That's extremely important. Bryon when was younger, he used to think network building is not authentic because he felt like using people and like trying to figure out who is most valuable to him. After a while, he realized that none of us is really that great all by ourselves. It's not about figuring out what others can do for him, it's really about recognizing that he's better with...

Focus on three things - Skillsets, Character Traits & Beliefs. These are the three things that will impact the entrepreneurs. You are responsible for that business's growth, not the people you hire or any other factor. It's the skillsets, beliefs, and character traits that you have as the entrepreneur, that allow that asset to grow. If you're lacking in one of the areas, you might have all the...

Never quit and be willing to pivot. Basically, don't marry your vision for it be open and allow your business to grow the way it needs to.

Don't be afraid to fail and fail often. People try to be perfectionists, they don't want to fail and lose all their confidence after failing. Failure isn't permanent, learn from your mistakes and try not to make the same mistakes.

Look for opportunities for the most growth. The path of most growth and when you're looking at a company, the number one thing you should be thinking about is, are they my people? Most of the time Steve would think he'd learn something at a company and apply it to his company later, this is a huge step jump, but every time he felt like these are not his people. when he unraveled for a while and st...

Think Big, that's definitely one of the things. If you're in a startup model, it's very easy to bog up in the details and lose sight of the big picture. That's what most startups really fail or actually make the mistake of just getting wrapped up in the details. There are people who are good at the details but as a startup entrepreneur, if you're actually building out the business you must focus o...

The thing is just GO. Many entrepreneurs will just be worried about not having a concrete business plan or not necessarily starting anything before they get an IP or a fully functional up and running website. All this stuff is really important, but you could just really get going.

Good advice applied at the wrong time is bad advice. In the early stages of Wayne's journey in business, he used to look at the big gurus and magazines and see what they were doing and how are they successful and he would tempt to take what they were doing and apply that to his little small startups.

Success comes sooner as sooner you get out there. Put yourself in visibility. Now is the best time, it'd never gonna get easier. So, just put yourself out there, find the confidence to do it, be willing to learn, be a little messy and figure out as you go.

Do Diligence, whether you're starting or buying a business. Harris's background was to do CPA and what he does now is helping people get funding as a startup business specifically using their 401k and RIA which is stuff people don't know about. Most people don't know they have the opportunity to perhaps use their RIA or 401k. So, do diligence both in if you're buying a business or starting a busin...

The things are gonna take time, as long as you stick with the business, there's gonna be ups and downs of the business, especially as a startup. If you're a solution-based company, say you got 20 customers, every customer wants something different, so you have to prioritize the customers, in end you got to stick to your business.

Listen and Absorb as much as you can about the industry, especially if it's a new industry. Go try and talk to the folks who have been there before. Especially if you enter a new venture and maybe you haven't done this before, be a sponge absorbing as much as you can, talk to people, read, and listen (to podcasts, and webinars) to all these great sources of information there really for the absorbi...

Do what your passion drives you to do. Make sure you're absolutely entering into a path that is going to provide a solution to a problem, that's the first thing. The second thing is to make sure you have time for talented treasures to enter that journey and then just engage with the best people.