Tim Forrest is the world’s leading USA Food Marketing and Distribution Strategist having worked with a third of the Fortune 50 and helped clients achieve over half a billion in new revenue and increased equity value.
Entrepreneurial Role Models:
When business started difficulties overcame:
“the first time I wanted to open a business I was so loaded with debt, I didn’t have enough runway, I didn’t have enough time to make the business work. So, the first time I open my business I opened it up and I had to immediately close it, no clients, no business, and I had to go back and find a job. I open the business up but I had a very short period of time to make it work. Not only did I fail but I think I failed miserably, I didn’t even have one dollar of revenue”…[Listen for More]
Favourite Books:
- Ready, Fire, Aim: Zero to $100 Million in No Time Flat Book Michael Masterson
- The Ultimate Sales Machine: Turbocharge Your Business with Relentless Focus on 12 Key Strategies Book by Chet Holmes
- The Perfect Day Formula: How to Own the Day and Control Your Life Book by Craig Ballantyne
- Think and Grow Rich Book by Napoleon Hill
- The Magic of Thinking Big Book by David J Schwartz
Favourite Quote:
None specified
Recommended Online Resources:
- Evernote is the app that keeps your notes organized. Memos are synced so they’re accessible anywhere, and searchable so you always find what you need.
- Todoist -15 million people trust Todoist to tame life s chaos Ranked by The Verge as the world s best to do list app Free on iOS, Android, macOS, Windows, more
- Google Images – The most comprehensive image search on the web
Best Advice to Other Entrepreneurs:
“have a group of mentors or an advisory board… have a trusted group of friends and advisers for your business that you can go to and talk and discuss different options… they bring additional opportunities to you and it can be very productive”…[Listen for More]
More About Tim Forrest:
Neil’s Quote at the Beginning:
“It’s not about ideas. It’s about making ideas happen.” Scott Belsky, co-founder of Behance
Other Quotes From the Chat with Tim Forrest:
- “my father he always said that the reason he did so well is that he was able to survive through downturns in the economy by not having a big debt in his business”
- “the biggest mistake I made early on was not charging enough, and I know everyone makes this. Pricing was not a business issue… everyone wants to say it’s a business issue, and I see this with my clients as well… it is a self-esteem issue”
- “Get yourself out of debt. Do everything that you can to take care of the debt before you start your business… to me that was just a total change in my thinking. I was always thinking I can always sell new client, I can always bring in more business, I can cover the debt. But if you don’t have the debt it really helps on the stress”
- “the standards you bring to your day, to your clients, to the delivery, to the projects that you deliver to your client’s products, along with the folks that you work with… the standards that you set says this”
- “I might be smart but there is a lot of other opportunity that you can the leverage the smarts and the experience of others to find much more success”
- “I would have been much more successful much quicker in much larger terms if I had sought out mentors and listened to them instead of thinking… my attitude early on was that if I needed a mentor there is something wrong with me, I am deficient, I am not successful, I’m not powerful, I’m not smart, you know I am admitting to my, I’m admitting I am inferior. So, I am admitting I am weak. So, I would walk around with kind of like a chip on my shoulder, I am successful, I am the smartest guy, I am going to make this happen instead of thinking okay what’s the most value here, how can we take the most advantage of the situation, how can we bring the most value to bear on this. And so, it really hurt me that the ego… my ego and my desire to not require assistance from other folks really hurt me and tremendously slow down my progress. The only reason I even accepted mentor’s advice was because the pain was so bad, it was so difficult that I really didn’t think I had any other turn. I didn’t want to but I begrudgingly raised my prices, I begrudgingly offered a program that was 15 maybe 17 times more than I had ever charged anyone before at the time. It was a tough time for me because I was having to realise hey, I am not the smartest guy in the room, why should I be, particularly when you have people how have 40 years’ experience doing what I’m doing. They have so much value… that alone is probably the biggest thing that kept me from being much more successful much quicker”
- “having written goals has been the secret to my success… I am always thinking large and thinking larger”
- “everyone wants to be super successful overnight but it’s a matter of grit, determination, and having a goal and just following through to it”
- “sell their problems and not your product”
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