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After taking the summer off I’m back on CFAX 1070 talking about entrepreneurship.

This month we talk about the importance of focus in order to be successful in entrepreneurship. We use examples of how when various entrepreneurs were distracted by buying sports franchises their businesses suffered and in some cases failed.

As always fast forward to about 34 minutes and enjoy!

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Ray Kroc

With all the mega success stories of young entrepreneurs like Bill Gates of Microsoft, Sergey Brin and Larry Page of Google and Mark Zuckerberg of Facebook one can be left to wonder whether it’s too late to become an entrepreneur if you’re not in your twenties.

On today’s monthly CFAX 1070 segment on investing and entrepreneurship we discuss late in life entrepreneurs like Ray Kroc (who bought McDonald’s when he was 52), Harland Sanders (who founded KFC when he was 65) and Robin Chase (who founded Zipcar at 42).

The short answer is, “no”, mid-life is not too late to have a big win!

As always click the following link and fast forward to about 32 minutes.

Lessons Learned

Today Ian Jessop and I talked about some of lessons I’ve learned through building, running and selling two of my businesses.

Click this link and fast forward to about 32 minutes and listen in: https://soundcloud.com/ian-jessop-cfax/march-2-2pm

Some of those key lessons include:

– focus on customer cash over all other sources of cash;

– let underperforming staff go more quickly, and;

– invest less of my own money and grow the business more from customer cash than equity.

We also talked about how entrepreneurship isn’t for everyone and there are good arguments for some to go the job route. Some of these include:

– paid education;

– being held accountable by your employer;

– being part of bigger game;

– forming meaningful relationships, and;

– having more disposable income.

Refer to this entrepreneur.com article for more insights: http://www.entrepreneur.com/article/242951.

Today we talked about mentorship and its value to entrepreneurs on CFAX 1070. Oliver Perez who I worked with at my last business and who has since gone on to build up the very successful IT consulting firm http://www.multitrends.com joined us.

As always, fast forward to about 32 minutes and listen in: https://soundcloud.com/ian-jessop-cfax/may-5-2pm

 

Click this link and listen to Ian Jessop and I talk about how to value your business. We’re on monthly on the first Monday each month at 2:30pm talking entrepreneurship.

Be sure to fast forward to about 32 minutes.

 

 

Today we talk about three of British Columbia’s leading entrepreneurs and their stories. Click this link and fast forward to about 32 minutes:

http://www.cfax1070.com/Media/CFAX-Podcasts/Ian-Jessop/March-3-2014-2pm

This month Ian Jessop and I talk about:

(1) what it’s like in the early days of starting a business and
(2) what business owners should be thinking about when getting ready to sell their companies.

http://www.cfax1070.com/Media/CFAX-Podcasts/Ian-Jessop/January-6-2014-2pm