185: From Corporate Consulting to Entrepreneurial Success - David Newman - The Entrepreneur Gene

Welcome to our new sub-show on Succession Stories...The Entrepreneur Gene! In this 1st episode, Host Laurie Barkman interviews David Newman, entrepreneur, author, and sales and marketing expert. David shares his insight into the idea of an entrepreneurial gene, discussing key traits such as being a maverick and a risk-taker. He reflects on his journey from a struggling entrepreneur to a successful mentor, emphasizing the importance of alignment and avoiding distractions in business. David also explores the impact of AI on consulting and shares personal insights and advice for future entrepreneurs. The episode ends with discussing David's passion for retro video games and resources listeners can access for further learning!

 

Takeaways:

• Understanding that entrepreneurship often stems from an inherent drive to be mavericks, mavens, and rebels, leaders should recognize and nurture these qualities within themselves.
• Entrepreneurs often struggle with distractions from multiple ventures. Focusing on how to align efforts under one coherent strategy or "roof" can prevent spreading oneself too thin.
• Instead of starting entirely new ventures, which David calls hot dog stands, focus on improving and innovating within the current business structure to scale and grow.
• Embrace technological advancements like AI to improve efficiency but ensure the added value is applied in a human-centric manner.
• Find mentors, join masterminds, and accept help from peers and successful entrepreneurs early in the journey to accelerate learning and avoid common pitfalls.
• Before investing heavily in new business ideas (like building logos or websites), sell the concept first to ensure there is market demand.
• Being part of a community or network can provide support, opportunities for learning, and potential collaborations.

Quote of the Show:

• “The mavericks, the mavens, the rebels, those kinds of people, if that's in their DNA, then they're truly cut out for entrepreneurial success.” - David Newman

Links:

• LinkedIn: https://www.linkedin.com/in/davidjnewman/
• Website: https://doitmarketing.com/

 

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More Resources: 

LinkedIn: https://www.linkedin.com/in/lauriebarkman/

Website: https://thebusinesstransitionsherpa.com/

Book: https://btsherpa.com/book

Course: https://btsherpa.com/course

Videos: https://www.youtube.com/@TheBusinessTransitionSherpa