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Are You an Exponential Entrepreneur? with George Bandarian - Episode 52

Jun 26, 2019

Are You an Exponential Entrepreneur?

Listen to this conversation with George Bandarian to find out if you are an exponential entrepreneur. He describes an exponential entrepreneur as one that can go from start up to exit without a lot of stress, while maximizing valuation. As the advance of technology increases, learning the skills of the exponential mindset will be important.

The Five Key Areas

1. Purpose

2. Mind

3. Body

4. Family

5. Health

The exponential entrepreneur is also one who maintains the key areas of his/her life. It is important to maintain self-care, the priorities or life and energy, so the business can be maximized. A business owner with misplaced priorities will never maximize what can be accomplished.

Technology 

George and I discussed several areas of technology that are important to keep track of as they continue to advance. Here is a list of some of the common growth areas

  • AI or Artificial Intelligence
  • Machine Learning
  • Robotics
  • Autonomous Vehicles and machines
  • Drones
  • 3-D Printing
  • Virtual Reality 

As a business owner who wants to be an exponential entrepreneur, you must decide which of these technology areas you need to focus on within your industry. You also have the opportunity to use one or more of these to disrupt your industry locally, if not world-wide. George explains that we need to think about how to leverage technology to change the way products and services are delivered. He also exclaims that the convergence of technologies is where the true power will come from. 

Crowd sourcing is currently underutilized by most businesses and industry leaders. We, as business owners, should take advantage of this and utilize this tool to create new ways to doing business. We should let the market build what the market wants. 

Purpose

One thing you have heard me say many times, having a Vision and Purpose is a very important part of having clarity and direction. We speak about the MTP or Massive Transformation Purpose in our conversation. To have that as your guide will fuel your energy and provide a clear first step. When times get tough, the deep purpose is what keeps you moving towards the final goal. 

To learn more about being an exponential entrepreneur, listen to this episode then reach out to George for more information. 

Books George referenced, both written by John Warrillow, are excellent sources for a business owner.

The Automatic Customer

Built to Sell

Enjoy the Journey!

Greg

If we can help you with your business or leadership developmen, reach out to us at www.BusinessOwnerFreedom.com

 

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