From the archive: This episode was originally recorded and published in 2020. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL’s in these archive episodes are still relevant.

Andy Goldstrom is 2X Inc. 500 Business Owner, consultant, author, and professor who helps entrepreneurs achieve similar success in both good and challenging economies.

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Resources

Andy’s LinkedIn – Learn more and connect with Andy on LinkedIn

Midcourse Advisors Website – Sign up for your FREE strategy assessment, order Andy’s new book Grow Like A Pro and download the 4 Strategic Shifts!

3 Value Bombs

1) If you can identify a set of changing needs in today’s market and execute, you can grow your business against the toughest of odds.

2) Great leadership is needed more than ever.  You can inspire by doing your homework, looking ahead, communicating well and trusting your team.

3) Midcourse Advisors leverages the success of 2X Inc.500 Entrepreneur Andy Goldstrom to help business leaders focus on the right pursuits with the right tools and methodologies to scale and grow their businesses effectively and efficiently.

Sponsor

HubSpot: HubSpot’s all-in-one CRM helps you automate tedious tasks, keep track of all your deals in one place, and make sure your whole team has access to the same data. Get started for free at HubSpot.com!

Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS: Mastering the 4 Strategic Shifts to Sustain and Grow Your Business in Today’s Challenging Economy with Andy Goldstrom

[1:29] – Andy shares something interesting about himself that most people do not know.

• He is a comedian

[2:51] – Why is now is a good time to start a new business or invest in your existing business?

• Because of so much change going on, now is a good time to set off a new business or invest in your existing business.
• There are a lot of opportunities to address the change in people’s needs and preferences.
• You can have your business adapt and expand in this time of crisis.

[7:11] – Why are entrepreneurs hesitant to take action right now?

• There are uncertainties caused by politics, the pandemic, and civil unrest.
• Entrepreneurs are hesitant to take action because there is so much that you cannot control right now, and it is challenging to put hard-earned money into a business.
• You have a low chance of succeeding if you operate your business based on fear and uncertainty.

[9:30] – How can you increase income and reduce risk?

• 4 Strategic Shifts:

1. Win Today
   • Enhance your service
   • Close your current pipeline
   • Focus on collecting on your accounts receivables
   • Connect with people and improve your network. Your network is your net worth
2. Think Different – envisioning what your business can be
3. Achieve Disruptive Growth – scale your business
4. Gain Control and Independence – allow your business not to be solely dependent on you.

[14:50] – A timeout to thank our sponsor!

• HubSpot: HubSpot’s all-in-one CRM helps you automate tedious tasks, keep track of all your deals in one place, and make sure your whole team has access to the same data. Get started for free at HubSpot.com!

[17:38] – What can leaders do to inspire others in these turbulent times?

• Leaders can inspire others by leading by example.
  • Do your homework.
    • Primary Research
    • Secondary Research
  • Look out ahead of the hood.
    • Plan ahead.
    • Be transparent with your team.
  • Trust your team.

[21:51] – Why should female entrepreneurs pay special attention to your message?

• Females make up the majority of the population, however barely 10% of females have management positions.
• Women often put their careers on hold for their families, yet they have the same drive, intelligence, and ability.

[23:28] – What does Andy do to help entrepreneurs succeed?

• His company, Midcourse Advisors, helps business leaders focus on the right pursuits with the right tools and methodologies to scale and grow their businesses speedily.

• • Start-up phase
  • Midcourse phase
  • Re-entry phase

• He has developed a proven system that helps entrepreneurs succeed.
• He offers different programs that fit the needs and budgets of entrepreneurs.
  • 1-to-1 tailored fit coaching
  • Group Coaching
  • Robust online course
• Midcourse Advisors Website – Sign up for your FREE strategy assessment, order Andy’s new book Grow Like A Pro and download the 4 Strategic Shifts!

[26:28] – Thank you to our Sponsor!

• HubSpot: HubSpot’s all-in-one CRM helps you automate tedious tasks, keep track of all your deals in one place, and make sure your whole team has access to the same data. Get started for free at HubSpot.com!

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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