This month, we’ll be engaging in an open dialogue that asks the question, “What does social entrepreneurship look like within our global EO community and beyond?” Many of our members already have dedicated their personal and professional lives to social entrepreneurship, filling social and environmental needs around the world.
Octane Results: members
By Frank Fantozzi, an EO Cleveland member and President and Founder of Planned Financial Services
The family business model can be extremely rewarding for entrepreneurs, especially when it comes to creating a legacy that brings about pride, honor and family fulfillment. However, as family businesses expand, they face unique performance and governance challenges. As the founder of Planned Financial Services, I’ve always made it a priority to ensure multi-generational family businesses are able to succeed now and well into the future. That begins with understanding the key drivers of business longevity and following a few tips we share with the entrepreneurial families we advise:
By Georges Levesque
You read that right. I am the son of a nun. To be precise: an ex-nun. My mom was a member of the Roman Catholic Sisters of Wisdom in Edmundston, Canada, from the age of 18 to 26. After she left, my mom continued to teach, met my dad, had three kids, moved 11 times and welcomed the ultimate gift of seven grandchildren. All the while, her experiences and values as a nun guided her on her journey. And in many ways, those values are the same ones that drive me in business and life. Here are three of the biggest lessons my mom imparted through her experiences:
John Cinquina, an EO Perth member and CEO of Red Meets Blue Branding
“Growth” is the buzzword in business today. It seems we are obsessed with it, whether we’re startups, owners, board members or marketers. As I meet and work with organizations from different industries, I have observed that often in this pursuit of growth, we forget to invest into the foundations of our brands; before we know it, we find ourselves in a situation where our brand is doing more hindering than helping.
By Karen Summerson, Writer/Editor at the Entrepreneurs’ Organization
I was fortunate enough to attend The Aspen Institute Forum on Women and Girls: Conversations Across Generations last week with EO DC member leader Marsha Ralls. On the heels of EO’s successful #WOMENtrepreneurs campaign and a published conversation with Associations Now, this opportunity seemed to be a timely continuation of the larger conversation surrounding women’s role in contemporary economics.
By Russ Perry, an EO Arizona member and founder of Design Pickle
As an entrepreneur, it is jokingly said that we suffer from “shiny object syndrome,” where there’s always a great opportunity around the corner and everything is an optimistic path toward achieving the next million dollars. When I had to close my B2B marketing and branding agency in September of 2014, that feeling of optimism shifted toward scarcity and desperation. I was 10 years into my entrepreneurial journey, unemployed with zero savings and had no back-up plan to support me.
By Brian Scudamore, an EO Vancouver member and founder of O2E Brands
We’re a nation of hoarders. I should know; my company 1-800-GOT-JUNK? became famous on a TV show that deals solely with helping people buried in their own junk. The first hoarded home I ever entered had a stockpile of soup cans that could have lasted well into the 23rd century.
Hoarding “stuff” is bad for people, and it’s even worse for entrepreneurs.
Look at you— you’re an entrepreneur! I know you think you’ve got it all under control and that you know better than me, but I’ve got 20 years of experience on you, so listen up. Listening, in fact, is one of the most useful things you can do when you’re starting out— not just to me, your older and wiser self, but to everyone who is willing to give you advice. Here are a few more nuggets you’ll need to know to get the most out of your entrepreneurial journey.
Hiring the right team in place can make all the difference and take your business to the next level.
Thomas Michael, an Entrepreneurs’ Organization (EO) member from New York, is the CEO of the Michael Management Corporation – an online SAP certification training company offering SAP eLearning. We asked him how to approach hiring the right kind of people for his team. Here’s what he had to say.
One of the biggest challenges running and growing a business is to attract and retain top employees. I’ve been an entrepreneur for almost 20 years and have had my fair share of experiences with this. I’ve joined business organizations, hired coaches and HR consultants, attended seminars and read countless books on how to hire well. And while there are many different “best” ways to find and keep top talent in your industry, I’ve found there are three rules that have worked well for me.
As the owner of a commercial art gallery for more than 24 years, I never imagined that people would buy art online, or that I would be selling to them without any prior relationship or connection. I had seen the importance of developing mutual trust and respect with clients, and per tradition, I would nurture these working relationships over a period of years. However, I was proven wrong; while I have continued to spark and build new connections around the world as an art consultant, I’ve done so remotely with the ability to work anywhere. I’ve heard companies refer to someone like me as a “nomad,” and I know many entrepreneurs who fit this class of professionals.