Are you thinking of starting a business? Have you considered what it takes to build and sustain a business? We welcomed Tim Mercer, CFO, Private Lender, and Published Forbes Author, who shared 8 insights he learned from starting multiple businesses. Today he is the CFO and Managing Partner of a business consulting firm that in 2019 ranked #357 on Inc 500’s annual list of the Fastest Growing Companies with a growth rate of 1,412% and has accrued over $70 million dollars in revenues since its inception 2008. Watch the interview for Tim’s 8 tips.
Connect with Tim at https://timtmercer.com/.
Purchase Tim’s Amazon #1 best-selling book Bootstrapped Millionaire: Defying The Odds Of Business.
01:41 – Tim Mercer shares his entrepreneurial background
04:52 – Tim shares why he’s passionate about this topic
06:43 – (1) The Physical & Mental Drain of Entrepreneurship
10:55 – (2) Do you have the ability to embrace risk?
13:31 – (3) Expect to be a salesperson
16:34 – (4) Do you have a market for your products or services?
18:38 – (5) You may be better offer buying a business than starting from scratch.
20:31 – (6) Do you personally have enough money set aside to support yourself?
28:13 – (7) Have you determined an exit strategy?
30:55 – (8) Expect to be fearful at times