FROM FARM GIRL TO ENTREPRENEUR: WHAT I’VE LEARNED ALONG THE WAY IASourceLink Webinar October 15, 2015: Noon – 1 p.m. Brenda Clark Hamilton, MA Ed. FROM FARM GIRL TO ENTREPRENEUR: WHAT I’VE LEARNED ALONG THE WAY… HERE’S WHERE WE’RE GOING… I. My Entrepreneurial Story II. Key Lessons I’ve Learned Along the Way I. MY ENTREPRENEURIAL STORY The Short Version: From English teacher to In Process, LLC, trainer From Professional Development Consultant to launching my business THE ‘REST OF THE STORY’… A slow start with lots of doubts… January 2005: “Let’s launch this thing!” Small, non-intimidating action steps A mailing ready to go! No “instant success”… • Two very lean years working locally • 1st statewide conference (Jan. 2008) • Speakers’ bureau, website (May 2009; August 2009) • Ongoing growth, more states, more industries and opportunities, more speakers’ bureaus, networking with colleagues around the nation, greater need for family balance! II. LESSONS LEARNED ON MY JOURNEY… (INCLUDING FROM MY RURAL UPBRINGING) “A journey of a thousand miles begins with a single step.” -Lao-Tzu 1. SUCCESSFUL ENTREPRENEURS ARE SELF-STARTERS WHO ENJOY FORGING THEIR OWN PATH. A lesson learned on the farm… • My dad was his own boss. • No one made him get up in the morning. • No one assigned him work tasks. • No one told him which way to go, or what decisions to make. • No one make him learn ‘the latest.’ • I found out during my career that I thrived on forging my own path. • StrengthsFinder 2.0: Strategic “The Strategic theme enables you to sort through the clutter and find the best route…You cull and make selections until you arrive at the chosen path-- your strategy. Armed with your strategy, you strike forward.” THE ROLE OF INITIATIVE IN MY BUSINESS… • 2005: No ‘how-to’ manual for launching a speaking business • Late 2007: How do you get asked to speak at a statewide conference? • Early 2009: How do you get the attention of a speakers’ bureau? A part of everyday business for me… • Willing to stir up/track down new leads • Willing to research and develop new topics • Willing to learn new industries/venues • Willing to travel to new places by myself • Willing to implement new technologies “Success depends in a very large measure upon individual initiative and exertion, and cannot be achieved except by a dint of hard work.” “If you don’t drive your business, you will be driven out of business.” - Anna Pavlova - B.C. Forbes 2. LEARN YOUR BUSINESS FROM THE BOTTOM UP. “The best advice I think I’ve received as a new entrepreneur, it was a mentor who told me to learn from the bottom up. He basically told me that there are a lot of people who have the wrong understanding of what an entrepreneur is. ‘I want to be the boss and hire and fire people’ is the furthest thing from the truth. So work hard and learn the business from the bottom up, because you never know when you’re going to need to do it yourself. And you don’t want someone holding you hostage to your business, i.e., ‘You can’t fire me because I know this and that.’” - Daymond John Once again, my farm upbringing was helpful… • The farmers that I know well have definitely experienced the ‘bottom’ tasks! • Even if they have hired hands, they have no hesitation to ‘get their hands dirty.’ • No matter how successful they become, there is not a sense of a job being ‘beneath’ them. “Great leaders have to be able to delegate, but they also have to be willing to get down in the trenches and do their part when the going gets tough.” -Wendy Stackhouse “At my office, I value the opinion of all, from the lowest position to the highest position.” - Daymond John I learned… • To have knowledge of all aspects of my business, even if the task would be delegated. • That no job is beneath me. • That my job is to serve others, not the other way around. IN MY INDUSTRY… • “I hire out for everything except the speaking itself. I don’t need to bother with knowing about that other stuff.” • “I only do opening session keynotes.” • “I’m very demanding about my accommodations.” • “I only speak for Fortune 500 companies.” LEARN YOUR BUSINESS FROM THE BOTTOM UP… • Check your ego at the door. • Be easy and enjoyable to work with. • Deliver excellent work, on big and small jobs. • Be accommodating. (Return calls promptly. Meet deadlines.) • Treat all involved with kindness, courtesy, respect, and appreciation…not just your ‘major’ clients! • Be willing to acknowledge and learn from mistakes/advice. • Have knowledge of all aspects of your business…and be willing to ‘get your hands dirty’! 3. WORK YOUR TAIL OFF, TAKING PRIDE IN DOING AN EXCELLENT JOB. • The Sunday night siblings phone call • To be successful, farmers have no choice but to work long, hard hours, and at inconvenient times. • The hogs need fed, even if it’s a blizzard. • Instant gratification is rare. • Pride in, and passion for, doing an excellent job: a record crop yield, a clean bean field, buying a great piece of land GOOD ADVICE FOR BUSINESS SUCCESS… “If you are under the illusion that you can start a business and run it at your life's schedule, you are mistaken. The business is like a starving puppy - when it needs to eat, then it needs to eat, regardless of what you have going on personally.” - Robert Herjavec “Entrepreneurs are willing to work 80 hours a week to avoid working 40 hours a week.” - Lori Greiner IN MY WORK… • A lot of effort goes into making speaking look effortless! • Some long hours, very long days, especially during ‘crazy’ times • Delayed gratification is common • Your heart will energize you through long work hours, if it’s something you love to do! “Sweat equity is the most valuable equity there is. Know your business and industry better than anyone else in the world. Love what you do or don't do it.” - Mark Cuban PS—LISTEN TO YOUR HEART, AND FIND THAT SWEET SPOT… Clues Along the Way… My Teaching Niches: Speech and life lessons through literature The Road Less Traveled The Scholastic book box 4. BE MONEY-WISE. •Dad and “Big Hat, No Cattle” •Be wise/frugal with your money! •Save during the good years. •Reinvest in the business, not on personal or professional luxuries. •Keep overhead costs low. • “If you buy things you do not need, soon you will have to sell things you need.” • “Whether we’re talking about socks or stocks, I like buying quality merchandise when it marked down.” - Warren Buffett is “The co-founder of Duty Free Shoppers (Chuck Feeney) has donated more than $4 billion to disadvantaged children and public health initiatives, all while going to great lengths to remain an anonymous donor. ‘He has no ego . . . He always chooses the second-cheapest wine from the wine list,’ according to his biographer, former Irish Times journalist Conor O’Clery. ‘When we traveled together he was always dressed like a down-at-heel American tourist.’” - Julie Zeveloff & Gus Lubin • My home office with my Certified Attitude Trainer, C.A.T. • “You really should become more diva-like…” • Reasonable accommodations; Coach airfare; Watching for deals (whether I’m paying or the client is); No lavish meals; Travel by myself, etc. 5. BE A PERSON OF HONESTY, INTEGRITY, CARING, AND GENEROSITY. A huge part of my upbringing: Be honest, trustworthy, kind, friendly, hard-working, and generous; Do the right thing Develop long-term relationships with clients/customers, speakers’ bureaus, and other speakers…due to these qualities Never sacrifice integrity for profits Give back! “Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you.” - Warren Buffett “I don't think you ever stop giving. I really don't. I think it's an on-going process. And it's not just about being able to write a check. It's being able to touch somebody's life.” - Oprah Winfrey FROM FARM GIRL TO ENTREPRENEUR: LESSONS FROM MY JOURNEY… What is one point that will stick with you from this session? CLOSING THOUGHT: SO YOU’RE THINKING OF BECOMING AN ENTREPRENEUR… Can you live with not knowing? WWW.BRENDACLARKHAMILTON.COM WWW.FACEBOOK.COM/BRENDACLARKHAMILTON LINKEDIN: BRENDA CLARK HAMILTON