"Entrepreneurial Thinking" was created to provide personal experiential advisory and rich information resources to entrepreneurial executives in order help open their minds, enhance their vision and extend personal perspective. Further, we will try to help navigate the evolution of the entrepreneur's businesses in the areas of equity/debt financing, M&A, strategic planning, new product or business model development, market timing and related sales/marketing efforts. Finally, we will also attempt to provide some wisdom in order to help balance the entrepreneurial workload with family.

Sunday, October 11, 2009

A Timely Quote...

My old friend and entrepreneur Rick Lackey forwarded a great quote to me this week. It speaks to an issue that I sometimes have to deal with when working with start-up companies and CEOs (usually younger and a first time CEO) that will likely have a difficult time transitioning from "visionary" to a real life operating CEO. The problem usually stems from an ego with underlying insecurity that unfortunately hinders this transition. In order to evolve from start-up (especially one that is implementing new technologies, products or innovative business models) to an operating ongoing concern that will scale, the CEO must surround himself with and actually listen to executives that are smarter and more capable than he or she is in their respective fields. The key is to listen. It is also extremely important not lead through intimidation and to be surround by any "yes men". When I do encounter this situation I immediately recite the Serenity Prayer...

Great examples of a few well known entrepreneurs who made the transition are Jeff Bezos, Bill Gates and Michael Dell. Each of these guys have confidence and ego (you have to in order to lead and execute) but each also possess true self-awareness specifically of their own strengths and weaknesses. Each surrounded themselves early on with a management team and advisors smarter and more capable than themselves (yes, even Gates...) in order to evolve and drive their respective companies into what you see today. So, here you go...

"It's better to be in a room where everybody is getting smarter than to be the smartest person in every room."
- Dan Sullivan

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StomperNet Internet Marketing University - Going Natural 2.0

The first product announcement and launch from our internet marketing gurus at StomperNet for 2008 was - SMARTS (Social Media Marketing Training). From beginner tutorials to the most advanced internet marketing information, StomperNet is renown for the following disciplines: (1) Search Engine Marketing (SEM). StomperNet's expert faculty represents the very best Search Engine Optimization talent in the country. (2) Customer Usability, Testing and Analytics. How to deploy tracking mechanisms and analyze data in order to increase visitor value and ultimately, conversions and sales. (3) E-Store (E-Commerce) Creation.

Registration for StomperNet Going Natural 2.0 opened on January 11th and SOLD OUT IN ONE WEEK! StomperNet may be opening up later this year... So Stay Tuned! More...

If you missed out this time you can get overview information at the following links:

1) Social Media Marketing - StomperNet White Paper

2) SMARTS (Social Media Marketing - Free Video)

3) If you missed the"SMARTS" Coaching Program