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