044: 80% of Small Businesses are Doing it Wrong

Today we are concluding our series with Tim Wells. Over the past few episodes, he has enlightened us with his perspective. Not only has he brought his expertise based on his integrity model and his role as a sales leader but he has also helped us understand how all of that integrates into culture. Last week, we ended by talking about the things you need to do to prepare your business for investment, to exit, or to manage it with a high level of equity.   Today, we are continuing that conversation with the help of a very special second guest. Reed Robinson founded Groove Capital with the focus of finding great people to invest in great companies. Prior to Groove, Reed was involved with the startup community Beta MN. He is very passionate about seeing entrepreneurs from Minnesota in particular be successful.   In this episode, Reed, Tim, and I are talking about entrepreneurship and what it takes to get support from an investor. Reed emphasizes the importance of grit and never giving up and how to balance that with all of those little business details. Tune in to hear our incredibly rich conversation.   In this episode, you will hear: The quality that sets emerging entrepreneurs up for succes. The power of starting a business based on a problem you see and want to solve. What grit looks like and why it’s so important for entrepreneurs. Why we need peer networks. How Reed sets boundaries with the entrepreneurs he works with. The values he looks for in the businesses he supports. Why entrepreneurs should set a big vision for their companies. How to balance passion and organization. Subscribe and Review Share your thoughts and ideas with us and email me at stephen@experienceleadership.com.   If you like what you’re hearing, please subscribe to this podcast. Each week, Experience Leadership Podcast shares coaching tips as well as new facts, figures, and cutting-edge theories and thoughts about leadership to help grow your business. We also feature stories of successful people so you learn from real people, and not just from theory. I’d love for you to give me a review over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. Supporting Resources: Groove Capital Reed on LinkedIn Email Reed: reed@groovecap.com Tim on LinkedIn Email Tim: timothyduanewells@gmail.com Angela Duckworth’s Grit Scale Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment. He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world. Find out more at https://emeraldcitypro.com