Melanie Johnson & Jenn Foster, owners of Elite Online Publishing, interview Ryan Frederick, author of The Founder’s Manual, about how to make a successful business.
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What You’ll Learn in this Episode
- How to transition from a concept to a functioning business.
- How to align your product with the competition in the marketplace.
- The formula to craft your businesses story.
“Successful entrepreneurs are not very ego driven, they’re actually very humble, and they work in the best interest of the problem and customers.” (5:23)
“The best source of funding is through customers. If you can solve a problem that customers value, and you can iterate with them on that solution. Then customers who buy the product, subscribe, etc, they can then fund the rest of the product development.” (8:48)
“Being an entrepreneur fundamentally means that you’re a problem solver, because you have a hypothesis of trying to solve a problem that you’re trying to monetize and build a company around.” (18:57)
About Ryan Frederick:
Ryan Frederick is a Founder and product person at heart. He has been a part of starting and growing several software and service companies from inception, to viability, through to sustainability. He has been instrumental in capitalization activities and has even expanded into international markets. Ryan is an active angel investor, mentor, advisor, author and speaker. He has authored two books, The Founder’s Manual: A Guidebook for Becoming a Successful Entrepreneur and Sell Naked – And Other Advice for Growing and Managing Service Firms. Ryan speaks frequently about product, startups, and company leadership.
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Video URL: https://youtu.be/D6mXVUlQTRE