Entrepreneurship

How to be a successful entrepreneur

Walking to the café I’m working from this afternoon, I was pondering the commonalities between the entrepreneurs I see going places – and I mean really going places.

Like most things in life, there are patterns.  By now, I have banked up hundreds of hours of mentoring up-and-comers, and been fortunate to get to hang with the best of the best – everywhere from Necker Island, to Uluru, to late night wines with a business bestie at her kitchen table.  I can generally tell within 15 minutes of spending time with an entrepreneur if they’re going to “make it” or not.

Important note: some entrepreneurs and business owners are perfectly happy with growing their businesses gradually, or keeping them ticking along nicely as a side-hustle.  And that’s perfectly cool.  When I say “remarkable”, I mean the people who go on to hit seven figures early in their business, who attract kickass people to their team, who have created a situation where they have so much work coming in that their biggest problem is back-filling a team to fulfil demand.

Of the entrepreneurs I’ve personally mentored, these are the nine signs I look for as a reliable forecast of their future success.

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Why I sold my business

Today we are announcing that I have sold The Remarkables Group to my business partner Natt.

That sentence was very surreal to write.

Even though we have been working on this for a couple of months, it still hasn’t quite sunk in that this is all happening.

I started the business on the 16th May 2012 in my spare bedroom. I was full of optimism, excitement and not a little terrified of this new frontier I was about to cross.

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Episode 4 – Sabri Suby

For this week’s episode of The Remarkability Show, I interviewed the founder of Melbourne digital agency King Kong, Sabri Suby.  Sabri shared his rock star revenue generation tips, the habits and rituals that set him up for success and the number one mistake that people make when approaching digital marketing for their businesses.

Click HERE to listen now.

sabri-2

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Episode 3 – Anna Hopkins

In this today’s The Remarkability Show I interviewed Anna Hopkins, founder of The Protein Bread Co. Anna shared her childhood dream story with me about moving to the city to pursue her dream of starting her own cafe, which she then sold to start ‘The Protein Bread Co’ which combined her passion of promoting a healthy lifestyle and eating well. We talked through the challenges, self-awareness and the focus and perseverance Anna instilled to make her dream a reality.

Click HERE to listen now.

Anna Hopkins

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Episode 2 – Jack Delosa

In today’s Remarkability Show I talked to Jack Delosa. Jack is founder of Australia’s largest and most disruptive education institution for entrepreneurs, ‘The Entourage’. Jack is changing education for entrepreneurs and shares some of his secrets and tips with me.

Click HERE to listen now.

Jack Delosa

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Episode 1 – The Merrymaker Sisters

Merrymakers

In my very first Remarkability podcast I spoke to health and happiness advocates Carla and Emma of The Merrymaker Sisters. The Merrymaker Sisters shared their secrets on ‘following your bliss’ and so much more.

Click HERE to listen now.

 

 

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The biggest thing I learned from Richard Branson

I just left Necker Island yesterday, after what are up there as five of the best days of my life.  The invite came three months ago, and it was one of the (rare) instances where I said yes immediately and decided to figure out how to make it happen later.  As the man himself says: “Screw it, just do it!”.

I travelled there with 22 members of Business Chicks and I don’t quite have the words to describe the week.

Magical, inspiring, motivating, gratifying, nurturing, connecting, healing, loving…

In my time on the island – and in the 24 hours since I left – my brain kinda felt like a freshly-shaken snowglobe, where the sheer amount of experiences, new people and new information were all floating around furiously.  It’s only today that my thoughts have started to settle and clear “take-outs” have materialised.

I’m writing now from my hotel room in Miami, fuelled up on key lime pie and an iced coffee from the local diner.  I wanted to first get down in black and white what seems to be in the running so far for the biggest take-out I had – and it’s something I learned straight from Richard himself.

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8 things I’ve learned about letting someone go

A couple of weeks ago, I got a Facebook message from a kick-ass young entrepreneur who occasionally asks for my advice.

It read: Need a little advice! Tomorrow morning I’m letting go someone for the first time. I’m so nervous! Any good reads or advice?”

I sooooo got why she was nervous.  Letting someone go is hands down one of the shittiest bits of running your own business.  I’ve had to do it several times – the shortest tenure being three weeks and the longest being seven months.

I’m afraid it doesn’t feel any less shitty the more I’ve done it, but I’ve definitely learned some things that help me do the deed with more compassion, professionalism and conviction each time.

I could write a LOT on this topic, however as a starting point I’m sharing the email I sent her – verbatim.  I hope it helps you if you ever need to part ways kindly with someone on your team.

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Please send a grown-up

I should have expected it.

The team structure had been motoring along nicely for five months, which is just about the amount of time for a big change to hit…

Last week a senior member of the team left the business after just three months with us – to pursue a once-in-a-career opportunity elsewhere.  It was one of those “blessing disguised as a curse” moments, as we hadn’t had the huge success we had both hoped for out of the role.

It was the first time in quite a while that something has knocked the wind out of my sails.  It was also the first time in quite a while that I wanted a margarita at 11am in the morning!!!  Thankfully both feelings were temporary…

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It’s not all about the money

Sorry Meja.

Since I started my business, I’ve been fascinated by how you go about selling your company.

The steps that happen in the run-up to that point where you say: “Ok, the money’s hit my account – it’s yours” intrigued me.

Mainly because I was so focused on what we needed to get done, worrying that we’d make enough money so I could feed the cat; and facing down the “OMG WHO GAVE ME A BUSINESS, I DON’T KNOW WHAT I’M DOING!!!” moments that – really – the point where someone wanted to buy my business felt like it was not just years, but light years away.

What fascinated me most was how that initial contact takes place.

Do you just get a call one day and someone says: “Hey, I’d like to buy your company?”

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