30 min
Taking the Entrepreneurial Leap: Gino Wickman, Bestselling Author and Business Coach FULL COMP: The Voice of the Restaurant Industry Revolution
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- Entrepreneurship
Not all heroes wear capes, some write books. The books Gino Wickman has written are directly responsible for helping me to create multiple million dollar businesses, become a better leader and find balance within my personal and professional lives. Today we discuss his latest book, the Entrepreneurial Leap, and how we apply those lessons to the hospitality industry.
Click to sign up for our weekly newsletter.
Click here to book time on my personal calendar.
Click here to download our Restaurant Recovery Guide.
Want to streamline your front-of-house operations and increase sales? Head over to http://restaurants.yelp.com/fullcomppodcast to claim your free page and learn more about these powerful tools for your business.
SHOW NOTES
Writing Entrepreneurial Leap
Did not become an entrepreneur until he was 29
Wants to show others the opportunities available to them
The book is in three main parts
Finding out if you are an entrepreneur
Discovering opportunities
Creating a path to success
Hospitality workers are running a business within our businesses
Success of their micro-business means greater success for your business
6 essential entrepreneurial traits
Gino offers an assessment online to discover if you have these traits
Allow your staff to take the quiz if you are comfortable with them taking their own entrepreneurial leap one day
Can be the best employees in the hospitality industry if they stay
Entrepreneurs are generally unemployable
Advice for leading leaders
Lessons from a book called Drive
Give autonomy
Provide guidelines and rules but otherwise, let your team have ownership of their work
Allow mastery
Give them the opportunity to learn the business
Make your staff member feel part of something bigger than themselves
The bigger the problem you solve in the world, the more successful you will be
Get close to the ground and know your customers’ needs
Know your customers better than they know themselves
Evolve to the new needs of customers as the world changes
10-year business cycles
2 great years
6 good years
2 terrible years when you almost go out of business
In another ten years, something else will come
The power of 10-year thinking
Have a 10-year goal but not in great detail
Learning to take action whilst being patient
8 critical entrepreneurial mistakes
Not having a vision
Not spending time with your people
Not knowing your customer
Not staying true to the core
Not knowing your numbers
Not crystalizing roles and responsibilities
Hiring the wrong people
Grabbing the closest people to you is not a good strategy for hiring
Make sure people are in alignment with your core values
Make sure they have the right skill set for the job
Not charging enough
Psychological mistake
Insecurity/lack of confidence
Many businesses barely break-even in the first 3 years
Advice
TED Talk by Casey Brown
Tip from Dan Sullivan - Pick a number that scares you, then add 20%
There are many free resources on the e-leap.com website for budding entrepreneurs
Who inspires Gino
Not all heroes wear capes, some write books. The books Gino Wickman has written are directly responsible for helping me to create multiple million dollar businesses, become a better leader and find balance within my personal and professional lives. Today we discuss his latest book, the Entrepreneurial Leap, and how we apply those lessons to the hospitality industry.
Click to sign up for our weekly newsletter.
Click here to book time on my personal calendar.
Click here to download our Restaurant Recovery Guide.
Want to streamline your front-of-house operations and increase sales? Head over to http://restaurants.yelp.com/fullcomppodcast to claim your free page and learn more about these powerful tools for your business.
SHOW NOTES
Writing Entrepreneurial Leap
Did not become an entrepreneur until he was 29
Wants to show others the opportunities available to them
The book is in three main parts
Finding out if you are an entrepreneur
Discovering opportunities
Creating a path to success
Hospitality workers are running a business within our businesses
Success of their micro-business means greater success for your business
6 essential entrepreneurial traits
Gino offers an assessment online to discover if you have these traits
Allow your staff to take the quiz if you are comfortable with them taking their own entrepreneurial leap one day
Can be the best employees in the hospitality industry if they stay
Entrepreneurs are generally unemployable
Advice for leading leaders
Lessons from a book called Drive
Give autonomy
Provide guidelines and rules but otherwise, let your team have ownership of their work
Allow mastery
Give them the opportunity to learn the business
Make your staff member feel part of something bigger than themselves
The bigger the problem you solve in the world, the more successful you will be
Get close to the ground and know your customers’ needs
Know your customers better than they know themselves
Evolve to the new needs of customers as the world changes
10-year business cycles
2 great years
6 good years
2 terrible years when you almost go out of business
In another ten years, something else will come
The power of 10-year thinking
Have a 10-year goal but not in great detail
Learning to take action whilst being patient
8 critical entrepreneurial mistakes
Not having a vision
Not spending time with your people
Not knowing your customer
Not staying true to the core
Not knowing your numbers
Not crystalizing roles and responsibilities
Hiring the wrong people
Grabbing the closest people to you is not a good strategy for hiring
Make sure people are in alignment with your core values
Make sure they have the right skill set for the job
Not charging enough
Psychological mistake
Insecurity/lack of confidence
Many businesses barely break-even in the first 3 years
Advice
TED Talk by Casey Brown
Tip from Dan Sullivan - Pick a number that scares you, then add 20%
There are many free resources on the e-leap.com website for budding entrepreneurs
Who inspires Gino
30 min