Weekly Roundup: 4 Must-See YouTube Videos for Entrepreneurs (June 19, 2015)
In this week's roundup of essential videos for entrepreneurs and small-business owners, the big question is, how do you keep your team motivated? Brian Tracy and Gary Vaynerchuk both tackle the question, delivering very different answers. Also: Evan Carmichael offers some tips staying personally motivated (and avoiding procrastination) and Stanford professor Paul Oyer gives an eye-opening half-hour lecture on finding success in the digital marketplace.
Q&A: How Do You Motivate Your Team?
Brian Tracy is the first to tackle this week's big question: How do you motivate your team? Tracy says the number one rule is picking the right people in the first place. He cites author Jim Collins, who says in his book Good to Great: Why Some Companies Make the Leap… and Others Don't that the starting point of building a successful company is "getting the right people on the bus, getting the wrong people off the bus, and then getting the right people in the right seats on the bus." Tracy's supplementary tips include "have clear goals and objectives" and "have clear deadlines."
Tommy Lasorda Asks: How Do You Keep Your People Motivated?
Gary Vaynerchuk, meanwhile, has a different, more personal, answer about motivating his team. "What's important for me to motivate is to do a great job listening to what makes them tick," Vaynerchuk says. He adds: "I love to talk, but the amount of listening that I'm actually doing always surprises people."
How to Avoid Procrastination
When you're your own boss, as most entrepreneurs are, staying motivated can be tough. This can lead to procrastination. Evan Carmichael offers three tips for staying motivated and avoiding procrastination—the number one being "Have goals that excite you." He references Tony Robbins who said, "People aren't lazy, they just have goals that are impotent."
Paul Oyer: Finding Success in the Digital Marketplace
In this 32-minute video from Stanford Graduate School of Business, economist and professor Paul Oyer discusses why some online markets have excelled and others have not. Plus, he predicts which industries might explode next.
READ MORE FROM AMERICAN COMMERCIAL CAPITAL
If you're a Houston-based entrepreneur who has been searching for ways to improve your business cash flow and get the capital you need to grow, chances are you've come across a dozen Houston factoring companies who all claim to be the answer to all your problems. Invoice factoring, for those who don't know, is when a business sells its accounts receivable (invoices) to a third-party company at a discount. Factoring helps prevent business cash-flow problems by allowing a business to get paid on invoices immediately rather than wait the typical 30 to 90 days to receive a client payment. This eliminates cash-flow restrictions and helps small businesses stay ahead of the game and grow to the next level. Read more
This week, Marie Forleo offers advice on getting started right now instead of waiting for the right moment, Brendon Burchard reveals strategies for following through on your goals, and Gary Vaynerchuk and Erik Wahl (author of The Spark and the Grind) talk about creativity in business. Plus, Evan Carmichael presents Y Combinator president Sam Altman's Top 10 Rules for Success and the guys behind Hard Money Bankers lay out five steps to launching a new business. Read more
This week's roundup of great videos for entrepreneurs and small-business owners includes Gary Vaynerchuk and Tony Robbins discussing a range of topics, Marie Forleo suggesting that you should probably stop comparing yourself to others, and Brian Tracy outlining what exactly makes a successful salesperson. We also have Ben & Jerry's CEO Jostein Solheim discussing "conscious capitalism" and mega-successful restaurateur Cameron Mitchell sharing some excellent advice for all entrepreneurs. Read more