Colin Campbell is a serial entrepreneur, having exited companies that are today worth over 1 billion. He’s the author of “Start. Scale. Exit. Repeat.” and the founder of Startup Club on Clubhouse with nearly 1M members.
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Guest Resources
Startup Club – Join Startup Club founded by Colin Campbell, with nearly 1 million members!
3 Value Bombs
1) Try to dominate a niche like a laser beam. Don’t try to take on the elephants; be the best in the world in one small niche and that’s how you win.
2) Technologies are actually really complex for a lot of individuals. We need to make technology easy.
3) To make your idea successful, it has to solve a problem. You have to have a purpose.
Sponsors
HubSpot: The HubSpot Sales Hub supercharges your sales process so you can find, track, and close deals all in one powerful, easy-to-use platform. Make the switch to HubSpot Sales Hub at HubSpot.com/sales.
Thought-Leader: Ever thought about giving a TEDx talk? Visit Thought-Leader.com/fire to join a free training and learn how to land a TEDx Talk and spread your message to millions!
HelloFresh: America’s #1 Meal Kit! See for yourself: visit HelloFresh.com/50eof and use code 50eof for 50% off plus free shipping!
Show Notes
Today’s Audio MASTERCLASS: Start. Scale. Exit. Repeat. with Colin Campbell
**Click the time stamp to jump directly to that point in the episode.
[1:16] – Colin shares something that he believes about becoming successful that most people disagree with.
- Ideas are worthless. It’s not ideas that are worth anything. It’s acting on those ideas that are worth a lot.
[2:54] – What makes a startup successful?
- To make your idea successful, it has to solve a problem. You have to have a purpose. And the purpose isn’t getting rich. A purpose is something that you believe in. It’s something you can love.
- You need to be able to build a moat around your business.
- You also need an idea that catches a wave. In the 2020’s, that wave is AI.
[6:09] – Capitalizing on a tech wave like AI.
- When you’re in a tornado, you need to be able to deliver your technology the fastest.
- Technologies are actually really complex for a lot of individuals. We need to make technology easy.
- Try to dominate a niche like a laser beam. Don’t try to take on the elephants; be the best in the world in one small niche and that’s how you win.
[8:53] – A timeout to thank our sponsors!
- HubSpot: The HubSpot Sales Hub supercharges your sales process so you can find, track, and close deals all in one powerful, easy-to-use platform. Make the switch to HubSpot Sales Hub at HubSpot.com/sales.
- HelloFresh: America’s #1 Meal Kit! See for yourself: visit HelloFresh.com/50eof and use code 50eof for 50% off plus free shipping!
- Thought-Leader: Ever thought about giving a TEDx talk? Visit Thought-Leader.com/fire to join a free training and learn how to land a TEDx Talk and spread your message to millions!
[11:54] – Start. Scale. Exit. …Take some money off the table, and: Repeat.
- How do we maximize value, and should we exit?
- When you begin to see the signs of froth in the market, that’s when we say “exit stage left”.
- Sell to a strategic buyer and avoid the cash flow buyers, especially in today’s environment with very high interest rates.
[14:48] – What are serial entrepreneurs doing right that we can model?
- It’s all about having a great story, great people, great systems, and raising enough money for your startup.
- Most businesses in this country fail to scale, and the number one reason is the entrepreneurs running those companies are the ones in the way. It’s their ego.
- If you can figure out your X Factor, you can dominate that space.
[18:06] – Colin’s key takeaway and call to action.
[23:20] – Thank you to our Sponsors!
- HubSpot: The HubSpot Sales Hub supercharges your sales process so you can find, track, and close deals all in one powerful, easy-to-use platform. Make the switch to HubSpot Sales Hub at HubSpot.com/sales.
- Thought-Leader: Ever thought about giving a TEDx talk? Visit Thought-Leader.com/fire to join a free training and learn how to land a TEDx Talk and spread your message to millions!
Killer Resources!
1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!
2) Free Podcast Course: Learn from JLD how to create and launch your podcast!
3) Podcasters’ Paradise: The #1 podcasting community in the world!
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