If you are like me, you too will wonder about what sets these seemingly ordinary people apart from the rest in terms of their capacity to recognize and identify a need, develop a service or a widget that addresses that need and then go on realize their goal of turning their ideas into millions of dollars.
I asked Robert Jordan who has compiled interviews with 45 billionaire entrepreneurs and published his book telling us how they did it. Below are six indispensable tips that helped them succeed.
Click here to listen Robert Jordan Interview (unlinked)
Robert Jordan is an entrepreneur and author who has made it his mission to discover the “secret sauce” used by self made billionaires to launch themselves from growing an idea into $100 million dollar companies or if it suits, taking their pride and joy public to the tune of $300 million or more.
Robert’s entrée into their world is paved by his own success when he launched and grew his startup company, Online Access, the first Internet-coverage magazine that made it on the Inc. 500 list of fastest growing companies.
As is quintessential a characteristic of all serial entrepreneurs, he then sold his highly profitable Online Access and proceeded to start up a couple more companies, RedFlash, a project implementation team, and interimCEOinterimCFO, a worldwide network of interim, contract, and project executives.
Robert’s gift for getting consensus saw 21 of the eventual 45 founders agreeing to meet and freely share their insights, occasional pain and billion dollar experiences.
Their collective wisdom has been distilled into his latest book, How they did it: Billion Dollar Insights from the Heart of America.
He freely admits this book was a labor of love, driven by an insatiable curiosity to know the minds and passions of this select group of diverse individuals.
All aspiring entrepreneurs who believe they are billionaires in the making will do well to heed the advice of the 45 who have gone before them. Here are just six tips to steer you to success:
1. Do not be afraid to fail; if and when you do, make sure you fail fast.
2. Do not be precious about your idea, be willing to tweak it
3. Leave your ego at the door; be astute enough to hire people smarter than you
4. However, make sure they are nice not just smart.
5. Honestly is still the best policy, so be on the level when communicating with the people who work for you because no one becomes a billionaire on their own.
6. Believe in the goodness of your angel investors but have Plans B, C and D just in case they decide to bail
Find Robert Jordan on http://www.HowTheyDidItBook.com