Episode 7: How to turn a hard knocks failure into valuable education and success, with Marty Wolff
Entrepreneur, business coach and business journalist. President of Marty Wolff Business Solutions.
\nSecret -- timesaving technique\nIt\u2019s all about the fundamentals. Observe the practice, write down your goals, and try to review them on a regular basis. Get your heart and mind behind your goals. ONWARD!
\nDaily habit that contributes to success\nA morning routine initiated by a brief prayer. Immediately after prayer, Marty reviews his goals, creates a concise to-do list, and continually checks his progress throughout the day.
\nCould have ruined your business -- but now -- \xa0an invaluable learning experience\nSuccess at a young age gave Marty a sense of invincibility. He decided to go into a struggling retail business with the idea of reinventing the organization. He ultimately failed by hanging on too long.
\nMost critical skill you think business owners need to master to be successful\n\u201cTo thrive in the current business environment you have to read, keep learning, and continually absorb information to feed the mind.\u201d
\nMost influential lesson learned from a mentor\n\u201cYou know you young guys think it gets easier. It doesn't. It just changes over time.\u201d \xa0
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\nFinal Round -- \u201cBreaking Down the Recipe for Success\u201d\n\xa0
\nWhat systems would you go back and put into place sooner?\n\u201cFinancial systems, financial accountability platforms, and systems that help an individual formulate a better understanding of financial projections.\u201d
\nWhat one strategy or \u201crecipe\u201d would compound into big wins for business owners?\nShare the big picture within your corporation, get everyone rowing in the same direction, and implement internal systems to spread your vision.
\nHow to exceed expectations and add the most value?\nAn individual can exceed expectations by being a great team member.
\nWhat strategy would you recommend new business owners focus on to best ensure success?\n- \n
- \u201cGut check.\u201d Why are you doing what you're doing? \n
- Ask for help. Don\u2019t try to do it all on your own. \n