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Rich20Something

Daniel DiPiazza and friends talk about building businesses and living better.
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Now displaying: December, 2016
Dec 26, 2016

Stephen Key is an idea man who calls himself a re-inventor, not an inventor. He educates people on how to license ideas for long-term, recurring revenue. He offers one-on-one coaching and courses to supplement his book, One Simple Idea. Daniel and Stephen discuss the book, strategies, and the true meaning of freedom, during today’s podcast.

 

Key Takeaways:

[1:18] What exactly does Stephen Key do?

[4:45] Stephen’s book, One Simple Idea, educates people on how to get paid for their creativity.

[9:51] Stephen is in full control of his creativity.

[13:16] The consistent process of proliferating bad ideas, until one good idea stands out.

[18:55] Is it possible to knock it out of the park with your first idea?

[24:17] Starting a company is working on one idea for years; with licensing you can work on multiple projects a year.

[29:11] You have to be a little bit crazy, and put your entrepreneur ego at risk.

[34:03] Your life will change, once you hit the jackpot financially, but probably for the worst.

[41:16] Rituals help keep you grounded, when you start receiving big checks.

[44:15] Having the freedom to say no, is important to Stephen.

[49:11] The beauty of nurturing growth in other people.

[53:14] Stephen has gained confidence by overcoming obstacles.

 

Mentioned in This Episode:

Invent Right

One Simple Idea: Turn Your Dreams into a Licensing Goldmine While Letting Others do the Work, by  Stephen Key

Spinformation Label

Rich20Something

Dec 19, 2016

Nathan Chan is the Founder of Foundr Mag. Nathan reached out to Daniel when he was just starting out, and they have been online friends ever since.Foundr started as a monthly digital magazine on the app store. It was designed to show people what it takes to become a successful entrepreneur. Today, Foundr is much more than a digital or print magazine. This makes Nathan uniquely qualified to speak on this podcast about real business advice, how to stand out in a world where everybody has a brand, and how to create authority and disrupt a market, to become the greatest entrepreneur ever.

 

Key Takeaways:

[:43] Foundr Mag origins and purpose.

[1:54] Entrepreneurs who have disrupted an industry are interviewed and grace the cover of Foundr.

[5:24] Chan explains the difference in creating an asset based business or a cash flow lifestyle business.

[11:44] Large corporations will be buying startups that are more than personal brands.

[13:40] Foundr created their own authority and credibility to make them stand out.

[19:31] Is it cool, is everyone else doing it, and testing the channel, leads Nathan towards his next projects.

[25:59] Would Nathan Chan still start a magazine if he was just starting out today?

[27:24] To succeed, when you say you are going to do something, make sure you follow through.

[29:36] The coffee table book, Foundr Version 1.0 is a greatest hits album of entrepreneur’s stories.

 

Mentioned in This Episode:

Foundr Mag

Foundr Mag Get Interviews

Foundr Version 1.0

Rich20Something

 

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