#462 Canada’s Shark Tank “Dragons’ Den” Coach Sean Wise Shares When to Quit Your Day Job

Overview

On this episode of Business Insanity Talk Radio, we first talk about when you should quit your day job to work on your business full time. Then, we’ll share the story of how a stockroom employee at a grocery store became a tech executive with no college degree or formal training. Plus, what challenges do small businesses face in 2018? Microsoft has a new survey out that share the results. Finally, we’ll discuss why the key to being successful is having a can-do mindset.

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Segment 1: Dr. Sean Wise helps emerging and high growth potential organizations jump on the trajectory and turn a profit. He has been involved in venture capital and entrepreneurship professionally for 19 years. First, as a Director of the Venture Capital Advisory Group at Ernst & Young, next, as a partner in Spenser Trask’s seed program, and most recently spending five seasons with CBC’s DRAGONS’ DEN, Canada’s version of Shark Tank. His latest book with co-author Brad Feld is called Startup Opportunities – Know When to Quit Your Day Job.

1:30 – When is the best time to quit your day job?

3:45 – What is third party proof? Why is it important and when do you know if you have it?

5:00 – Three reasons why customers helping you is better than investors helping you.

6:00 – What is one thing everyone gets wrong about startups?

7:30 – Why Millennials are primed to succeed in entrepreneurship and be the most disruptive generation in modern-day history

8:30 – Are there differences between Canadian and American entrepreneurs?

Segment 2: Lorenzo Gomez III is the CEO of Geekdom, the Executive Director of the 80/20 Foundation, and a former executive at Rackspace. He is the author of the book The Cilantro Diaries: Business Lessons from the Most Unlikely Places.

15:15 – How did you go from the grocery business to a tech executive with no college degree or formal training?

16:15 – How to create a personal board of directors.

17:30 – Is college a waste for those wanting to go into business?

20:30 – What is the story behind the title “The Cilantro Diaries”?

22:30 – Lorenzo’s advice for entrepreneurs not wanting to take the traditional college or business school path?

24:00 – How do you find the right mentor?

Segment 3: Todd Minor is the senior small business lead for Microsoft Store, covering the United States, Canada and Australia.

31:00 – Why did Microsoft Store release a small business survey and what are some key takeaways from small business owners as they look toward 2018?

32:15 – Was there anything that surprised you about the results?

32:45 – What were some of the challenges small business owners identified as they look toward 2018?

33:45 – What do you recommend to small business owners who don’t know where to start with these challenges?

35:15 – How does Microsoft 365 help small businesses?

Segment 4: Barry Moltz shares how to get your business unstuck.

40:30 – Do any of these sound familiar?

41:15 – How to take your business to the next level.

42:45 – What’s in the Unstuck course?

46:00 – Special offer code.

To learn more visit, www.barrymoltz.com/unstuck

Segment 5: Over the last three decades of Greg Centineo‘s life, he has followed the path of entrepreneurism, leading him to a variety of industries and profound business start-ups. Through his achievements, he has mastered the art and the psychology of what moves people to believe in an idea, invest in an idea and commit their time and energy to help create the idea. Greg’s ground breaking project, Legends of Oz, Dorothy Returns illustrated his immense skills, by raising 122M through 1300 investors; engaging thousands of people to believe in his idea, invest in his idea and commit their time and energy to help birth the idea.

49:30 – How did you raise $122 million?

51:15 – A change of mindset, not attitude, gets you to the next level. How do you change your mindset?

Sponsored by Nextiva.

About the Author:

As Barry's Marketing Manager, Courtney posts Barry's weekly radio show on his blog and also works within Wordpress to create webpages, Infusionsoft to design email campaigns, GoToWebinar to run Barry's quarterly webinars, and Skillo to manage Barry's Unstuck Course. Feel free to reach out to her for more information!

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