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Win a Free Copy of Effortless Entrepreneur!

8 September, 2010

Win a free copy of Nick Friedman and Omar Soliman’s new book, Effortless Entrepreneur!

As co-founders of College Hunks Hauling Junk, Nick and Omar built a million-dollar business from the ground up. Discover how their friendly and accessible business approach made them millionaires before they turned 25, and learn what steps they took to create the largest junk-removal company in the US. 

Tell us what inspired you to become an entrepreneur, and we’ll put you in the running for a free copy of this game-changing book! The winner will be announced on Monday, September 9.

Categories: general

Tags: college hunks hauling junk contest effortless entrepreneur free book nick friedman omar soliman prize

Book Talk with College Hunks Co-Founder Nick Friedman-Part II

8 September, 2010

In this second installment of the Nick Friedman interview, BOLD Business catches up with the College Hunks Hauling Junk co-founder and discusses Effortless Entrepreneur, his new book with Hunks co-founder and co-author Omar Soliman.

BOLD: In your book, you discussed the difficulties of working with your best friend. What’s the hardest part of this working relationship?
NF: I think the most difficult part is that our friendship does and can suffer. There are weekends when we won’t hang out, we won’t talk or don’t plan trips because we’re always working together; that’s probably the biggest negative. Still, I think it’s important to recognize that the friendship should come first, and that’s the most important thing. We try not to let the business put a strain on it.

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Categories: general

Tags: advertising business business ideas college hunks hauling junk effortless entrepreneur entrepreneur entrepreneurship marketing nick friedman small business tips

Book Talk with College Hunks Co-Founder Nick Friedman-Part I

7 September, 2010

In this special post, BOLD Business sits down with College Hunks Hauling Junk co-founder Nick Friedman, who co-authored Effortless Entrepreneur with business partner Omar Soliman. Nick discusses the development of their book, the importance of teaching entrepreneurship to young adults and how he successfuly runs his business with Omar.

BOLD: What inspired you to write Effortless Entrepreneur?
NF: Believe it or not, it stemmed from an Entrepreneurs’ Organization (EO) event in Las Vegas. One of the speakers was talking about the importance of writing a book, and how everybody who has written a book says they wish they had done it 10 years earlier. Omar had been in that same breakout session, and we started thinking about what we were going to write about. We realized we had all these crazy stories about getting into business, and we knew we could talk about our experiences. It was a three-year process from that EO event to making the book into a real, living product.

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Categories: general

Tags: advertising advice bold business blog business college hunks hauling junk effortless entrepreneur entrepreneur entrepreneurship junk removal marketing nick friedman omar soliman small business tips

Top Entrepreneurial News of the Day

7 September, 2010
  • How Google Cost Me $4 Million – Inc.com: I woke up at six o’clock and did a Google search on my phone, like I do every morning. We’re usually one or two for just about every industry keyword. But we were nowhere to be found. I opened up my laptop. We weren’t in the first thousand results.
  • Stocks Fall on Europe Worries – CNNMoney.com: U.S. stocks slumped at the market’s open Tuesday, as renewed worries about European banks and the global economy weighed on investors coming back from the long Labor Day weekend.
  • Cambodia Spurs Development with Tallest Building in Asia – FastCompany.com: Cambodia, despite, being one of the poorest nations in the world, has announced plans to build the tallest building in Asia, a 1,820-foot skyscraper in its capital, Phnom Penh.
  • Iran Lines Up $13 Billion for South Pars Development – International Business Times: Iran on Monday said a massive investment of $13 billion has been lined up for developing its South Pars gas field which it shares with Qatar.
  • Avoiding the Bitter Twitter – Entrepreneur.com: Social networks can be great communications tools­­, but make a misstep and you could end up doing your company more harm than good. Perhaps the biggest mistake businesspeople make is posting while in the wrong frame of mind.

Categories: general

Tags: asia entrepreneur news europe google iran twitter

How to Make Your Top Salesperson Quit

3 September, 2010

Contributed by Adam Robinson, the Chief Hireologist at Hireology.

When it comes to work, sales can be tricky— it’s a stressful part of the business equation that can make or break companies. Believe it or not, most companies tend to drive their top-producing salespeople out of the organization and into the welcoming arms of the competition. After all the time and effort they expend to locate, hire and train top producers, why do most of them do things that make their top salespeople quit?

In my years of experience working in sales, this question can be summed up in one statement: Most companies don’t pay attention to the basic drivers/motivators for top producers. As a formerly top-producing software sales executive and now CEO of a firm that recruits top producers for its clients, I can tell you with certainty that, if your company has a hard time holding on to salespeople, it’s probably for one of the following reasons:

  • You’ve changed their compensation structure, and not for the better. The number one cause of a disgruntled top producer is negative modifications to their compensation structure.  With salespeople, the compensation plan is a sacred covenant— everyone agrees that these are the rules. Top producers inevitably knock the ball out of the park, and management says, “Oh no!  These guys are making too much money,” so they change the compensation plan. The usual suspects are caps on commissions, reducing overall commission pay-outs (which kills trust faster than anything) and taking away clients to give to other salespeople. A lot of times this scenario happens because the business owner is undercharging for their product or service and they realize—after the sale—that paying out high sales commissions causes them to lose money.
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Categories: general

Tags: adam robinson hireology money saving

Top Entrepreneurial News of the Day

3 September, 2010
  • Seth’s Blog: Check In, Chicken: Checking in with your team can be an easy out for everyone to say their “fine.” Seth Godin comes up with a different way of checking in … saying what you’re afraid of. Instead of asking how your team is doing, ask them what they’re afraid of, and maybe you’ll get a better answer.
  • Getting an Accurate Picture of Your Business: Sometimes, figuring out what your business needs is more difficult than you think. Here are six tips to do just that: 1. Make your most critical report a short, daily one. 2. Admit when you’re confused or unsure about what something means. 3. Make sure you don’t repel bad news. 4. Add human inputs to your paper and electronic reports. 5. Don’t let IT convenience drive your management needs. 6. Know your own personal numbers daily.
  • Helping Employees Beat the End-of-Summer Blues – Entrepreneur.com: Everyone feels the shift in attitude when fall comes around. Here are 10 tips to beat the end-of-summer blues.
  • Human Resource Management for Small Businesses – BusinessBlogsHub.com: This blog post explains why personnel management is a necessity in small businesses.

Categories: general

Tags: bold business blog business company culture employee entrepreneur entrepreneurship how-to human resources personnel management seth godin small business teamwork tips

Courage is the Key to Great Leadership

2 September, 2010

Contributed by Bill Treasurer, the founder and Chief Encourager at Giant Leap Consulting.

Aristotle called courage the first virtue, because it makes all of the other virtues possible. In addition to being the most important human virtue, it is the most important business virtue, as well. Think about it: Other important business concepts like leadership, innovation and sales wither in the absence of courage.

Leadership takes making bold and often unpopular decisions. Leadership takes courage. Innovation involves creating ground-breaking but tradition-defying ideas. Innovation takes courage. Sales require being repeatedly rejected before closing a deal. Sales take courage. Take away courage, and sales, innovation and leadership lose their potency.

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Categories: general

Tags: bold business career employees leadership

Top Entrepreneurial News of the Day

2 September, 2010
  • RIM’s India Deal Likely to Fuel More Concessions, Analysts Say – BusinessWeek.com: Research In Motion Ltd.’s concession in giving Indian authorities access to BlackBerry e-mail and instant-messenger correspondence means it’s likely to do the same for other governments, analysts said.
  • The Postrecession Labor Market – Inc.com: What will happen when companies start hiring again? PayScale CEO Michael Metzger weighs in.
  • Your Smartphone Will Soon Double as Your Wallet – FastCompany.com: The Japanese call it osaifu keitai (cell-phone wallet). Flash your phone virtually anywhere you go for almost any purchase and it’s automatically logged into a digital expense report.
  • Five Easy Ways to Kick-Start Your Business Planning – Entrepreneur.com: Have you been putting off the business planning? You know who you are. Do you mean to start managing better, but keep getting distracted by fires to put out? Here are five quick and easy ways to start planning today.
  • Tupperware Parties Help Reshape India’s Kitchens – BusinessWeek.com: Thanks to such products as the “roti keeper” and the “masala box,” Tupperware has become the leading kitchenware seller in the Indian market.
  • Jobless Claims Decline, But Not Enough – CNNMoney.com: The number of first-time filers for unemployment insurance fell for a second straight week last week, but the level suggests that the labor market remains sluggish.
  • How to Maximize Airline Rewards – Entrepreneur.com: When I went online recently to book a trip to Japan with my daughters, I reeled from sticker shock: The cost of three round-trip business-class tickets to Tokyo on Continental was $18,000.

Categories: general

10 Reasons Why (Some) Entrepreneurs Underperform

1 September, 2010

Contributed by Jim Randel, the founder of “The Skinny On” book series— concise, illustrated books that cover important topics in an entertaining fashion.

Being an entrepreneur is tough … very tough. There are myriad reasons why some entrepreneurs make it big and others do not. There are some organic reasons why business owners fall short of their goals. It is not about capital or the economic climate; rather, it’s about those individual characteristics that keep some entrepreneurs performing below their potential. Here are 10 reasons why some entrepreneurs underperform:

  1. Passion: If you don’t have a passion for what you’re doing, find something else to do. Being an entrepreneur is just too hard if you don’t feel very strongly about what you’re doing.
  2. Physical and mental strength: If you think working hard is a 50-hour work week, please stay safe and sound under the covers of “a real job.”
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Categories: general

Tags: advice bold business entrepreneur entrepreneurship tips top 10

Top Entrepreneurial News of the Day

1 September, 2010
  • How to Manage Your Company’s Brand: Tips to manage your own brand; Find the right marketing vehicle, utilize new media, always keep a high profile and establish brand consistency.
  • Forbes.com Video Network | Serial StartUps: Mogul, Yogi, Entrepreneur: Check out this 2 minute video of Russell Simmons describing his inspirations and how he excels at being an entrepreneur.
  • China’s Rebound Eases Slump Fears – WSJ.com: While many expected a bad month for China’s manufacturing, they were wrong. China’s economy has become the second largest in the world and is helping with the slow recovery in the West and the struggling economies in South Korea and Taiwan.
  • Obama Closes Iraq War With Focus On Us Economy – Capital – Portfolio.com: This summary of President Obama’s Oval Office address shows the main themes of the speech: Operation Iraqi Freedom is over and the economy.

Categories: general

Tags: bold branding China economy entreprepneur finance iraq war marketing mogul new media president obama russell simmons united states of america

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