In 2007, Rhett Power resigned from his lucrative consulting career to co-start a toy company called Wild Creations. Less than two years later, the economic downturn left him exhausted and nearly bankrupt. Rhett was not only forced to analyze his company, but
Rhett Talking about his latest book and entrepreneurship with the folks @ Cheddar
himself to see what needed to change. The results of this were that he figured out how to do the right things right and Wild Creations was named one of INC 500’s fastest growing companies 2 years in a row and has gone on to win over 40 national awards.
He is the author of the Amazon best-seller, One Million Frogs, a regular contributor to INC, Success Magazine, and Business Insider… and has a new book being released in the next week called, The Entrepreneur’s Book of Actions.
MyPillow founder and CEO Mike Lindell had a dream about the perfect pillow. Now he’s a millionaire.
Inventor and CEO Mike Lindell of Chaska demonstrates pillow making at his new factory in Shakopee. Photo/Craig Lassig
Mike started his own business in his garage, working hard and not sleeping well, so he set out to design a pillow that would help him sleep. After two years he finally came up with the patented fill, ensuring MyPillow® that would be breathable and washer and dryer safe. Mike heard a lot of “no’s” in those early years, but never gave up on his passion to share his pillow with the world and to this day Mike has more than 1200 employees, and his company is estimated at taking in $100 million a year.
Tune in to hear his story and find out some of the growing pains Mike experienced along the way. In this interview Mike will also share his ups and downs of being an entrepreneur and offer lessons and advice to other entrepreneurs who are just starting their own company or going through struggles today.
Patrick J. McGinnis is a venture capitalist and private equity investor who founded Dirigo Advisors, after a decade on Wall Street, to provide strategic advice to investors, entrepreneurs, and fast growing businesses. In this capacity, he has worked in a range of settings, from building startups from the ground up in Silicon Valley to acting as an expert consultant to the World Bank in Latin America, Africa, and the Middle East.
In Patrick’s latest book The 10% Entrepreneur, he shows you how, by investing just 10% of your time and resources, you can become an entrepreneur without losing a steady paycheck.
As a 10% Entrepreneur himself, he has built a diverse portfolio of investments outside of his day job. This portfolio encompasses fast growing new ventures in the United States, Latin America, Europe, and Asia, including ipsy, the world’s largest online beauty community; Bluesmart, the inventor of the world’s first smart, connected carry-on suitcase; and Afiniti, a big data company that is reinventing the call center industry. He has also been a partner in several real estate investments.
What does it mean to be a 10% entrepreneur?
How do you begin the transition towards becoming a 10% entrepreneur?
How not to let the complacency trap get you?
Why failure sucks and what you can do about it?
The criteria for evaluating investment opportunities?