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Why People are the True Backbone of Any Growing Organization with Vinnie Fisher

June 29, 2016

Vinnie Fisher is an entrepreneur, husband, father, and author. He is a corporate and tax lawyer by training. He has grown and scaled multiple 8-figure businesses. He has had over 1,600 employees and understands the people are the true backbone of any growing organization.

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Resources Mentioned:

  • Your Big Idea: Successful Entrepreneurs have One Big Idea. Follow JLD’s FREE training & you’ll discover Your Big Idea in less than an hour!
  • Audible – Get a FREE Audiobook & 30 day trial if you’re not currently a member!
  • Pipetop – Vinnie’s small business resource
  • Man’s Search For Meaning – Vinnie’s top business book
  • Fully Accountable
  • Vinnie’s website
  • Get a free business consultation from Vinnie’s team

3 Key Points:

  1. Know your numbers. Understand the key metrics of your business, and have someone look at them every day. It’s the only way to build a sustainable business.
  2. Build a great team. Invest in people to help them grow, and you’ll never regret it.
  3. Don’t give up.

Sponsors

  • DesignCrowd: Post your design project on DesignCrowd today and get a special $100 VIP offer! Visit DesignCrowd.com/fire and enter the discount code FIRE when posting your project!

 Time Stamped Show Notes

(click the time stamp to jump directly to that point in the episode.)

  • [01:21] – Vinnie is married with 4 kids
  • [02:02] – His core business is currently a done-for-you accounting service called Fully Accountable
  • [02:36] – Worst Entrepreneurial Moment: Putting almost $4 million into a web hosting company and handing the reins to someone who wasn’t capable of running the company – it tanked in 7 months
  • [04:14] – Know your numbers! It’s crucial to understand the key metrics of your company.
  • [06:26] – “The best thing that you can do is hire a young marketing kid who has some experience with data tools. Park them in your office and have them look at your numbers every day and report the fluctuations.”
  • [08:02] – Entrepreneurial AH-HA Moment: While in charge of an AdWords campaign he realized that his real talent was assembling a fantastic team and that he needed to focus on that
  • [08:38] – “You don’t magically find A-players. You find good people and help them grow.”
  • [10:44] – “As soon as I started seeking out mentorship and coaching for my weak areas, my approach to business turned around.”
  • [12:28] – Biggest weakness? – “I’m a terrible finisher”
  • [12:49] – “Invest in people who are great at what you’re terrible at.”
  • [13:13] – Biggest strength? – “I can take very complicated problems and find simple, actionable solutions”
  • [13:50] – What has Vinnie most fired up today? – “Helping entrepreneurs not be trapped in their business”
  • [15:38] – The Lightning Round
    • What was holding you back from becoming an entrepreneur? – “I don’t know that anything was”
    • What’s the best piece of advice you’ve ever received? – “Just remember one thing: Speed Kills”
    • What’s a personal habit that contributes to your success? – “I spend quiet time every morning by myself getting positioned correctly”
    • Share an internet resource, like Evernote, with Fire Nation – Pipetop
    • If you could recommend one book to our listeners, what would it be and why? – Man’s Search For Meaning
    • Imagine you woke up tomorrow morning in a brand new world, identical to Earth, but you knew no one. You still have all the experiences and knowledge you currently have – your food and shelter is taken cared of – but all you have is a laptop and $500. What would you do in the next 7 days? – I believe one of the gifts we have is information. I would start an information business.
  • [18:21]7 – Connect with Vinnie via Fully Accountable or at his website
  • [18:43] – Vinnie is offering a free business consultation to Fire Nation!
  • [20:03] – Parting piece of guidance: “Don’t give up. And don’t make decisions when you’re tired.”

Killer Resources!

1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

3) Podcasters’ Paradise: The #1 podcasting community in the world!

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