Episode 61: Power and motivation, with Paul Ahlstrom (1 of 2).
Paul Ahlstrom is a co-founder of Alta Growth Capital and Alta Ventures, both based in Mexico. Paul\u2019s passion is supporting the growth of Latin America\u2019s vibrant entrepreneur ecosystem and has invested into more than 30 promising companies focused on Mexico and Latin America.
\nPaul has operated on both sides of the table as a venture backed entrepreneur and now as an investor. After directly observing the patterns of startup success and failure of more than 100 startup investments over the past 15 years, he noticed some amazing patterns of entrepreneurs that had the habit of getting it right. Paul distilled these observations on how to increase the odds of getting it right in the book Nail It then Scale It.
\nHe received his BA in Communications from Brigham Young University and received an honorary Doctorate from the Netanya Academic College in Netanya, Israel. \xa0
\n(Part 1 airs on 9.3.15)\nSecret -- timesaving technique\nPaul focuses on a few priorities, which include getting the biggest task out of the way first. ONWARD!
\nDaily habit that contributes to success\nPaul makes a list detailing new ideas -- sources of inspiration -- and ways to achieve goals.
\nCould have ruined your business -- but now -- an invaluable learning experience\nPaul had to overcome swinging door obstacles -- and Paul tells the whole story here.
\nMost critical skill you think business owners need to master to be successful\n\u201cA business owner has to communicate effectively and learn to understand the consumer.\u201d
\nMost influential lessons learned from a mentor\n\u201cA mentor helped me get through the nuances of business by helping me to develop a series of processes.\u201d \xa0
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\nFinal Round -- \u201cBreaking Down the Recipe for Success\u201d (Part 2 airs on 9.4.15)\n\xa0
\nWhat systems would you go back and put into place sooner?\nI would have gone back and put a system in place to aid with the start-up process.
\nWhat one strategy or \u201crecipe\u201d would compound into big wins for business owners?\nBusiness owners who focus on building the foundation of their organization -- you have to have a solid platform to build upon.
\nHow to exceed expectations and add the most value?\nIt starts with hiring. An individual has to fit within your company\u2019s culture first and foremost.
\nWhat strategy would you recommend new business owners focus on to best ensure success?\n- \n
- Know the customer \n
- Innovative ideas are simple and sometimes stupid \n
- Get everyone on board \n
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