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Table of Contents:
May 10 - Road Trip Status
May 8 - Entrepreneur's Credo via Thomas Paine


May 10, 2005

Road Trip Status

The road trip is buzzing along. We're recruiting some incredible extreme entrepreneurs, such as:

Also, we're pushing hard for corporate sponsors and foundation support. This process has finally given me a push I need to get over my limiting beliefs and fears related to selling. In the past, I've avoided making phone calls and gave up after two follow ups, because I didn't want to "nag" a person. Furthermore, I've given up on ideas after getting a small number of rejections or no responses!

My partner, Adam Witty from Advantage Networks, has inspired me. He says that 80% of sales are actually closed after the fifth contact. Also, the people we're pitching are so busy, that while a project like ours may sound interesting, they still have to deal with all the short-term deadlines and performance goals that are giving them stress. So, following up in the right way is actually is helping them stay on top of an interesting idea.

Regarding the number of phone calls I make, I've been inspired by Joshua Newman. I forget the exact number, but when he raises capital and he's raised millions, he makes the commitment to contact something like 100 potential funders. So many people probably give up after 5.

As I look back, I can see that lack of sales expertise on our team has pushed us back months, if not years. However, I'm happy now to be gaining the necessary experience/confidence and partnering with great people.

At any rate, I'm off to make some more phone calls!

Posted at 12:55 PM | Comments (2) | Top

May 08, 2005

Entrepreneur's Credo via Thomas Paine

Source: Excerpt from Common Sense, written in 1776 by Thomas Paine

I do not choose to be a common man,
It is my right to be uncommon ... if I can,
I seek opportunity ... not security.
I do not wish to be a kept citizen.
Humbled and dulled by having the
State look after me.
I want to take the calculated risk;
To dream and to build.
To fail and to succeed.
I refuse to barter incentive for a dole;
I prefer the challenges of life
To the guaranteed existence;
The thrill of fulfillment
To the stale calm of Utopia.
I will not trade freedom for beneficence
Nor my dignity for a handout
I will never cower before any master
Nor bend to any threat.
It is my heritage to stand erect.
Proud and unafraid;
To think and act for myself,
To enjoy the benefit of my creations
And to face the world boldly and say:
This, with God's help, I have done
All this is what it means
To be an Entrepreneur.

Thanks to Alvin Huang for the excerpt.
Posted at 10:39 PM | Comments (1) | Top

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