In 2014 I moved to Atlanta. The amazing advertising agency I worked for had been acquired by a public holding company a year earlier and the new company wanted me at the Atlanta headquarters. I had been banana-splitting my time between Atlanta and Columbus for 3 years at that point. And I was happy to finally move to the ATL full-time. But I could tell the new holding company was going to make things very different. And I expected a plot twist. And I wanted to write the script for that twist myself.
Shortly after moving to Atlanta, I began looking beyond the horizon to plan for the next step in my career. I was looking for the next great ad agency to join within a circle of acceptability near my nearly retired parents and my mother-in-law (who was not actually a lawyer). After living in 3 states in 8 years I was making plans to set the circus down someplace where my 3 children could enjoy middle school and high school in one town.
I had conversations and meals with many different agencies. But like those guys combing the dessert in Spaceballs, I didn’t find what I was looking for. Not to say there were not a lot of great people and great agencies. But I could afford to be choosey. I had a new job. And a jar of Jif.
The conclusion I came to was that the business I was looking for in the place I wanted to live, with the culture I wanted, with the compensation I expected, did not exist. So I decided that I would create my own business. Within a year I had a full-fledged passion project on my hands. I spent my nights planning and building what would become The Weaponry. And it checked all my boxes. Because I designed it specifically so that it would.
Creating your own business means that you get to create your own dream scenario. Like Wayne and Garth. You get to decide what you do every day. You get to decide where you live, what the culture is like, and who you work with. Better yet, you never have to apply for a job, wait for a gatekeeper to reply to you, or wonder why some other employer didn’t like you more. Which is pretty fricken great.
Key Takeaway
If you are not finding the place you want to work, consider creating that place yourself. Don’t wait for someone who doesn’t know you or recognize your full potential to get back to you. Don’t let other people close doors on you. Take control of your future. And your income. And your happiness. It’s easier than you think. I started the advertising and ideas agency The Weaponry 7 years ago. Along with asking my wife Dawn to marry me, it was one of the 2 best decisions of my life. If you have questions about how I did it, email me at adam@theweaponry.com. Or reach out to me on the socials. I’m typically @adamalbrecht. If you know someone who really should start their own business please share this with them too.
If you want to help people become really great at things you have to let them first be bad. It’s part of the process. Beginners need to know it is ok to fumble and bumble a bit as they find their way. When I started my advertising and ideas agency, The Weaponry, one of the best gifts I gave myself was permission to be an amateur. Because high expectations and standards at the start of a new journey tend to kill motivation, growth, and joy.
I have a client who just opened a new restaurant in a new town. Opening a new restaurant is a massive undertaking. It involves creating a new physical space and hiring an entire staff who have never run the operating system required to make the business work. The start is messy. (Kind of like the first draft of this blog post.) I have great respect for those willing to take on the difficult task.
My client had a soft opening event, where they invited people to come and test drive the restaurant, for free. This gave the chef, cooks, waitstaff and manager an opportunity to work out the kinks, like Ray Davies. Following the 2-day free-for-all opening, they remained open without fanfare for 2 weeks before their official grand opening event. Those 2 unadvertised weeks allowed the staff time to find their groove, like Stella. Or Madonna.
However, during those 2 weeks, a handful of people wrote negative Google reviews about their experience dining at this fledgling startup restaurant. They complained about the wait time or about the lack of niche condiments for their particular health challenge. And, yes, some wrote that their food didn’t come out to their liking. However, the outstanding reviews far outnumbered the negative, which offers an exciting and favorable glimpse into the future experience for everyone visiting the restaurant.
Support Baby Businesses.
When you visit a new store, restaurant or business, give them some grace. Just like a child needs time to learn, and a beginner of any age needs experience to improve, a new business needs time to become a well-oiled machine. Complaining publicly with negative reviews in the first month of operation doesn’t allow for the required maturation process.
When you publicly complain about an infant business you hurt its chances of ever becoming a full fledge business. And if we create an atmosphere where businesses don’t have time to learn and grow we will only ever have massive chain stores and restaurants. We would snuff out local entrepreneurship. Which would be McUnfortunate.
As parents, coaches and managers we calibrate our expectations to the age and experience of those we are trying to help. As customers, we should do the same. It is helpful for us to teach, coach, critique, and even complain about the shortcomings of our experience directly to the person or organization in question. But hold off on sharing your disappointment publicly through negative reviews until the organization is past the wobbly legs stage. Which I suggest is the first month of operation.
The new entity won’t work out every challenge within that first month. But they should figure out how to make their wrongs right with the customers through proper apologies, compensatory price adjustments, free extras, or an incentive to return for a second chance, like 38 Special.
Key Takeaway
If you want to encourage more great businesses in your community or spheres of interest, grant them permission to begin as amateurs. There will be mistakes and learning at the start. These are the occupational hazards of entrepreneurship and operating a new business. As customers, we owe it to newbies to offer honest constructive feedback to help them grow and mature quickly. Honest, early public praise is one of the most valuable assets a new business has. While early negative public reviews hurt a business’s ability to grow into the excellent resource you want and expect. By sharing early negative reviews directly with the staff, rather than the public, you become a valuable part of the improvement process. And you help accelerate their growth and maturation rather than hinder it.
If you know someone who could benefit from this message, please share it with them.
A few weeks ago I was watching an interesting video reel on Instagram. It was a clip from the Pat McAfee Show, featuring a conversation between host Pat McAfee and former NFL linebacker and Green Bay Packer great, A.J. Hawk. The former NFL stars were not discussing football. They were talking about a bar. And not one made of chocolate. Or soap.
The bar in question is called PINS. And to call it a bar is an understatement. It’s really a massive entertainment space. Yes, it features large and well-stocked bars. But it’s also loaded with fun activities, including duckpin bowling, and high-end pinball games. Hence the name PINS. (I don’t get to drop the word hence nearly enough.)
Pretty cool, huh?
Pins also offers bocce ball, ping pong, giant Jenga, life-sized beer pong, foosball, arcade games a slide, ring toss thingies, and fire pits. In other words, it’s more like a party than a bar. Or maybe it’s half bar, half party. Like a Barty.
McAfee was not just discussing the bar, he was raving about it. He described the atmosphere at the PINS in Indianapolis as electrifying! He said it was amazing! And he said it was huuuu. (I assume he was saying it was huge, but someone cut him off. But maybe he was saying it was Hugh. As in Hefner. Which would be an innovative new-school /old-school complement in one.)
A lot of ball action here. But check out that ceiling art!
Hawk replied that indeed, he knew all about PINS. In fact, his son had his birthday party at PINS in Dublin, Ohio. (Because PINS is entertainment for all ages until little kids’ bedtime.) Hawk also shared that the guy who created PINS was from Columbus Ohio, where Hawk lives.
The rest of the crew on the show chimed in with more praise and accolades for PINS, and McAfee concluded the segment by saying, ‘Thank you Columbus. And thank you to That Guy!’
I was excited to see the segment and hear these great testimonials about such a popular new brand. Not just because I love great new brands. And not just because I love Columbus, Ohio where I lived for 7 years. But because of my exciting new opportunity.
PINS has 9 locations across the Midwest and South, with 6 more locations planned. Including locations in Atlanta and Austin, slated to open this year.
Let’s Talk!
PINS CEO and Founder Troy ‘That Guy’ Allen and Director of Engagement Erin Frum, contacted me to ask if I would speak at their annual meeting. Well, more accurately, Erin invited me to speak. Troy just told me I was going to be speaking as if I had no decision in the matter. Which was just as well, because being involved with a hot company like Rise Brands is a no-brainer. (Or what I call a scarecrow decision)
Pins, whose full name is Pins Mechanical Co., is owned by a great brand creation company called Rise Brands. Their claim is ‘We create kick-ass brands.’ Indeed they do. To date, Rise Brands has created 4 great brands including Pins Mechanical Co., 16-Bit Arcade (an old-school arcade game bar), Weenie Wonder (think Chipotle for hot dogs, not Magic Mike), and No Soliciting, a members-only club. (Which is another good reason not to be dismembered.)
Me and That Guy, Troy Allen and some serious blinds.
The meeting and my keynote are next Monday in Columbus. I am thrilled to share some learnings and lessons from my book What Does Your Fortune Cookie Say? to help the team become even greater. Thanks for the invite Troy and Erin. And thanks to Pat and AJ for making this opportunity feel even cooler than it already did.
I’m ready for you Rise Brands! See you Monday!
Key Takeaway
Keep adding value. People love great people, places, and things that enhance and enrich their lives.
+If you are looking for a speaker for your next event you can reach me at adam@theweaponry. Although I probably don’t have any more speaking availability until July.
Last week I was invited to Minneapolis to give the keynote address at Ungerman’s annual meeting. Ungerman is a Twin Cities-based restoration company that offers 24/7 emergency cleanup and repair. They are a great company to have on speed dial after a flood, fire, storm, or epic house party.
The company gathered to reflect on its successes from 2022 and plan for a great 2023. I spoke to the Ungermaniacs about one of my favorite topics: How to become your best self. I related lessons from my book What Does Your Fortune Cookie Say? to the company’s core values. Everyone who attended got a copy of the book. I announced the giveaway like Oprah announcing that everyone gets a car. At least it sounded like that in my head. (And you get a book! And you get a book!)
Ungerman Top Dawgs, Kirsten Meehan, Ron Ungerman Jr., and Lindsey Uselding. Sisters Kirsten and Lindsey are stars of the upcoming HGTV show Renovation 911! (Not to be confused with Reno 911)
After my talk, there was a Q&AA portion of the program. (Questions and Adam Albrecht.) Heather Jurek, the head of Human Resources, shared that the team at Ungerman focuses on strengths and opportunities/growth areas. She asked me to share what I thought my #1 strength was.
While I shared an answer with Ungerman, I’ve thought a lot about Heather’s questions since the talk. (Those sneaky HR leaders know how to get you thinking about yourself!)
However, I have reframed the question to elicit an even more valuable answer. The question I find most interesting is:
‘What strengths of yours earn you money?‘
I began searching for the answers by considering the ways that I earn money.
The 4 ways I earn money:
The Weaponry. The advertising and ideas agency I founded and lead.
With this backdrop, I analyzed why people choose to spend their money with me. The answers came quickly when viewed through this lens.
Creativity: I have spent my career in advertising as a professional creative. First as a writer, then as a Creative Director and Chief Creative Officer, before launching The Weaponry in 2016. Creativity is my craft. If I lost everything and had to start again with just my children and my wife (like Lee Greenwood sang about in God Bless The USA) my creativity is the strength I would lean on for my comeback. Because there is always a demand for creative thinking.
2. Strategic Thinking: This is my career strength 1A. It provides the valuable foundation for my creative thinking. My problem-solving and game-planning skills are critical differentiators. They are why I get so many calls from business leaders who want my help thinking through their challenges. Work on your problem-solving skills and strategic thinking every day. Study other successful people. You can learn a lot from their examples.
3. Energy/Enthusiasm My natural energy is my most visible strength. I love taking on whatever work needs to be done. I get invited into a lot of important rooms because my energy has a positive effect on those around me. It has had a major impact on sales and business development because people enjoy spending their time and money with people they know have the energy to make a valuable contribution to their business. My energy is also a significant reason I get hired for speaking events. Because as Maya Angelou said, ‘People will never forget how you made them feel.’ I encourage you to put more energy into your energy. It is both a highly valuable and highly renewable resource.
4. Trustworthiness: Those who have worked with me in the past keep coming back because they trust me. They trust that I will deliver. They trust that I can help them navigate their challenges, which can seem ethereal in advertising and marketing. My trustworthiness is the reason clients took a chance on The Weaponry when it was a startup with no website, no logo and no business cards. Trust me on this.
5. Relationships I am better than most people at developing and maintaining relationships because I value relationships more than most people. People like to work with people they like. (Or as the kids would say, People like, like to like work with people they like, like.) My relationships keep leading to new opportunities, new referrals and new relationships. All of which positively impact The Weaponry, my book sales, speaking opportunities, and my investments. Make sure you develop and maintain more and better relationships.
6. Risk Taking: My above-average risk tolerance is what led me to bet on myself and launch The Weaponry. It is what lead me to invest time, energy and money into books that had no guaranteed ROI. My risk tolerance also enables me to invest in businesses when they are in the toilet. Which has led to several of my greatest returns. Pairing risk tolerance with research and good strategic thinking is a powerful recipe for success. If I ever write a cookbook full of recipes for success, I will include this recipe as a hot dish. If you want more rewards, take more risks.
7. Storytelling On day one of my career I would not have guessed that my storytelling skills would have made me money. But storytelling has been an extremely valuable strength for me. And it is a strength everyone should work on. It creates value in job interviews, when developing relationships, when writing books and when delivering speeches. It is central to marketing and advertising. And it is the best way to convey the rest of your valuable strengths to the world.
Key Takeaway
You must first add value before you can extract value. Which makes it important to know which of your strengths provide the most value to others. Develop your rare and valuable skills. Become sought after for your strengths. It is the best way to have the greatest impact on the world. And making a significant impact pays off in more ways than one.
*If you know someone who could benefit from this message, please share it with them.
+Thanks for inviting me to talk Heather, Lindsey and Kirsten. And special thanks to Nate Uselding for suggesting me to the Ungerman team!
I thought about becoming an entrepreneur for a long time before I summoned my inner David Lee Roth and actually jumped. In fact, I thought about starting a business for nearly 2 decades before I launched the advertising and idea agency The Weaponry. Which means that, unlike Geddy Lee, I didn’t rush into anything.
Once I had my entrepreneurial awakening in the summer of 2015 I began generating income within just a few months. I officially legalized The Weaponry as an LLC (yeah, you know me) in the spring of 2016. And while I have physically looked back since then, I have had no regrets.
Over the past 7 years, I have learned a lifetime’s worth of lessons about entrepreneurship. (Starting with how to spell the word itself.) But the most important thing to know about entrepreneurship is this:
The entrepreneur is the great limiter of the business.
10 Ways Entrepreneurs Limit Their Business
You will be limited by your energy and ability to work hard.
2. You will be limited by your network and willingness to reach out and connect.
3. You will be limited by your ability to recruit and hire. (Think about it. There must be hire love.)
4. You will be limited by your willingness to create standardized processes.
5. You will be limited by your ability to give up control to others.
6. You will be limited by the size and scope of your vision.
7. You will be limited by your ability to control your greed and keep your hands off the cash flow, Gordon Gekko.
8. You will be limited by your ability to grow sales to scale your operation into a more effective and efficient machine.
9. You will be limited by your creativity and willingness to innovate
10. You will be limited by your risk tolerance. If you are not willing to walk the tightrope to the promised land you will never get there.
Perhaps most importantly, there is no one else to blame if you don’t become an entrepreneur at all. And if you are an entrepreneur, there is no one else that will prevent you from growing your business’s annual revenue to $100,0000, $1,000,000, $100,000,000, or $1,000,000,000 per year. That’s on you.
As the entrepreneur, you are both the gas pedal and the brake. Most people are afraid to take their foot off the brake, and as a result, never get going. Which means they never see where their journey could have taken them. Don’t let that be you.
Key Takeaway
Find your entrepreneurial gas pedal. Get going. Keep going. Then go faster. It will be your willingness to go, grow, create, and accelerate that will determine how far your journey takes you. We all have a limited amount of time. So go while you can. Realize that you are the determining factor. So be determined to be more.
*If you know someone who could benefit from this message, please share it with them.
I always loved the idea of being an entrepreneur. But like most normal people, I started my career as an employee. I worked for my first employer for 10 years. I worked for my next employer for 9 years. I liked my jobs. But I always knew that in my dream scenario I wanted to own my own business. I bet your dream scenario has a similar entrepreneurial ending. And maybe a swim-up bar.
After years of semi-scientific research, I have concluded that there are 3 great times to start your own business. I have published my findings below for your evaluation.
The 3 Great Times To Start Your Own Business.
When you are first out of school, and have nothing to lose.
When you retire, have plenty of money and time, and have nothing to lose.
When you are 40ish, have a lot of experience, skills, contacts, and confidence. And a lot to lose.
The first 2 paths are popular for obvious reasons. Like the-nothing-to-lose part. When you are right out of school, you aren’t giving up anything. And at the end of your regularly scheduled career, you get to choose an overtime period. Which is fun. And only threatens your shuffleboard time.
I am a mid-career entrepreneur. Jeff Hilimire started his entrepreneurial adventure while still in college. We’re both happy with our decisions.
Track Switching
But how in the world do you switch from the employee track to the entrepreneurial track mid-career? Even more challenging, how do you do it if you have a really successful career and are well compensated? How do you make the transition when you have a significant mortgage? And car payments? And kids? And a spouse you really want to keep? Plus, there is the insurance thing. And the annual company Christmas party with all the free alcohol! How do you walk away from all that gravy?
Dream it up and make it happen.
You can do it!
Well W-2 Nation, I did it. And it has been an amazing experience. When I turned 40, I realized that if I died then and there, on the dance floor, while doing the Electric Slide, my greatest regret would be that I never started my own advertising agency. So I resolved to start my own business within the next 2 years.
I launched The Weaponry, an advertising and idea agency, 6 years ago. Today, we have 26 clients, 2 offices, health insurance, dental insurance, and a matching 401(k) plan. (Never forget the k, or all you have is an area code.) We are looking at a 50% year-over-year revenue growth rate. And most importantly, I got to create the dress code.
Make the move!
Now, I want to help you begin your mid-carer entrepreneurial adventure. What lies below the fold is the collection of tips, how-tos, and advice I wish I had 7 years ago. This isn’t how-to-build-a-unicorn stuff. I’m not talking about a Zuckerberg, Gates, or Jobs path, where you drop out of college and start a trillion-dollar business. I am talking about advice for regular people, with regular careers, who want to use their experience as a launchpad to entrepreneurial success.
That’s what I did. And you can too. Here’s how, brown cow.
20 Key Steps To Becoming A Mid-Career Entrepreneur.
Surround Yourself With Entrepreneurs. Entrepreneurship is a mindset more than anything. It helps to spend as much time as you can with other entrepreneurs. It helps rewire your brain to see opportunities and become a problem solver. It will help you develop your risk tolerance. Because once you are around entrepreneurs who are enjoying the rewards of their risk tolerance you will realize the nice homes, cars, vacations, and freedoms are well worth the wager. Ask your Mentorpreneurs all the questions you can think of. They will want to help. And by hanging with your Mentorpreneurs, you realize it is far riskier to leave the control over your income to someone else. Plus, you quickly realize that you can create anything you dream up. Like the word Mentorpreneur.
2. Become really great at what you do. When you are great at what you do you become sought after. And when people seek you out, it means you no longer need your employer to develop opportunities for you. Because you can create those opportunities for yourself. This is called career capital. The more you develop the easier it becomes to call your own shots (shots shots shots!) When your clients at your day job are more in love with you than the company you work for you have a green light to start your own business. And green means go, Mario!
3. Develop And Maintain Your Network. People work with people. And they love to work with people they like and trust. Continuously expand and strengthen your relationships. The more people who like and trust you the better. Those people will become customers, partners, connectors, and referrals. And those are the 4 most important people in an entrepreneur’s life. (After the supportive spouse and great coworkers.) If you’ve neglected this area of your career, it’s time to get to work. When I started The Weaponry I quickly realized I had done much of the hardest work of entrepreneurship decades earlier through my relationship-building.
4. Save Your Money. By having reserves in your bank account or investments you can tap into, you buy yourself running room to start your own business. Most people can’t consider starting their own business because they don’t have the luxury of not having a dependable paycheck for several months. Don’t be that kid. If you don’t have the money on hand yet, start your Run-My-Own Business Fund today. You might not need the money. Or not much of it. But simply having it available provides the confidence to jump, like David Lee Roth.
5. Live Below Your Means. As your income increases, don’t let your expenses rise at the same rate or you will always need your current level of income. That’s a problem. You’ve heard of the golden handcuffs of a high-paying job that keep people locked into their employer. But the most dangerous career situation is the one where you need your current income level to support your lifestyle. Because you will never be able to downshift into a lesser-paying situation, even temporarily. And the first move an entrepreneur needs to make is downshifting into a lesser-paying situation for an undefined length of time. That is the price of entry. That is the entrepreneurial initiation ritual, my friends. Tip #4 helps you bridge that gap. My dip only lasted about a year. But it really made me hustle. And hustling helps you make money. #dothehustle
6. Don’t Quit Your Day Job. To combat the money challenges outlined in the previous points, don’t do something rash, like quit your job. Hold onto your job as long as you can. It will be the primary source of funding for your startup. Use your current job to help pay for the expenses of your next job as long as you can. Work on your startup at night and on the weekends. Like Shania Twain said, no one needs to know right now. Not quitting your day job allows your startup to gain speed, momentum, and cash flow. Not quitting until you have to makes it much easier to jump from the Employee Train to the Entrepreneur Train. If we were swinging from ring to ring on a playground, think about not letting go of the ring you are holding until you have your hand firmly on the next one. And if you never have a firm grip on the next ring, then you never let go of the one you were already holding. No harm. No foul. You tried. You can be proud of that.
7. Read The Book The E-Myth by Michael Gerber. This book is the bible on how to start and run your business the right way. (Only there is no Jesus.) I followed all of the guidance in this book before launching The Weaponry. It helped me think about the whole process the right way, and avoid a lot of problems. When people tell me they are planning to start a business, or are floundering in their startup, I always recommend they read this. And everyone always thanks me. If I were you I would hit the link above and order the book right now. Tip #8 can wait.
8. Create Your Legal Entity: It’s easy to create a legal business entity. Start simply by applying for your FEIN. Which is your Federal Employer Identification Number. It’s like your business’s social security number. This ID number enables you to do everything the way the government and IRS want you to. With this in hand, you can file your legal business entity with your state as an LLC (Limited Liability Company), Corporation, Limited Partnership, General Partnership, or as a Sole Proprietor. I set up an LLC. (Yeah you know me.) It’s quick and easy. Then you can open your business bank accounts and get your company credit card. With these things in place, you have your financial and legal structures ready to roll. Which means you won’t need to ask your customers to pay you in cash. Or chickens.
9. Get Quickbooks. Quickbooks is the accounting software that makes it easy to track and manage your accounting. You connect all of your bank accounts and credit cards to this. It makes it easy to create and send invoices (bills) and to know what is due and when. It also provides reports (profit and loss, profitability, balance sheets, etc.) and dashboards that help you manage your business. Get this going as soon as you can afford to. It will become the backbone of your accounting system. And your scoreboard. Best of all, Quickbooks is not the book equivalent to quicksand.
10. Get A Good Bookkeeper. Bookkeepers are God’s gift to entrepreneurs. They are reasonably priced specialists who have a valuable skillset that you likely don’t have. They can help you stay on top of your accounting while enabling you to spend more time on the things only you can do. Like finding paying clients. And putting on your deodorant.
11. Collect Recognizable People And Logos: You can start your business by working with anyone. But the goal should be to collect recognizable names as customers. That could mean that you work with well-known brands or people that other people know. When you share the kinds of brands or people that you work with you are elevating and legitimizing your brand by using theirs. If you work with individuals, work with the most popular most trusted, and most respected people you can. Their decision to work with you will carry more weight than say, your grandma. Sorry, Grandma.
12. Get involved in your community. The more involved you are in your community the more you will be connected to others and the opportunities they can introduce you to. You could be involved as a volunteer, member, attendee, or sponsor. You are going to want strong ties to the people around you and this is one of the best ways to get to know as many people as possible. Even better, when you support your community you will find that your community supports you too. It’s a thing.
13. Grab Chocolate Milk. Entrepreneurs understand the power of spending time with other people. Getting together for chocolate milk, (my preference) or coffee (most of America’s preference) is not about the beverage. It’s about the sharing and comparing of experiences and ideas. Through the process is sitting down with another person and talking you discover new ideas and resources. It creates a great transfer of knowledge and experience. It is the best way to tap into another person’s perspective and network. You could also meet for breakfast, lunch or drinks. Or fricken caramels. It’s all ah-bu-trary. #namethatmovie
14. Start A Blog, Podcast, Or Regularly Published Knowledge Share. It is not about who you know. It really is about who knows you. The more people who know about you, what you know, and what you are doing, the better. I started a blog right when I launched The Weaponry. And it has been a great vehicle to share my thoughts, ideas, successes, and learnings with the world. By doing so, my business and I are both top of mind when people have relevant opportunities. Podcasts, newsletters, columns, and social media channels all work too. The key is to share information and value with the world broadly so that more people than you could reach through individual messages know about you, your skills, philosophy, and eventually your business offering.
Me and my crew.
15.Find a supportive spouse. In the middle of your career, you are likely to have a spouse or life partner who is tied to your success or failure. Their support and encouragement are critical to your success. My wife Dawn has been amazingly supportive. She never batted an eye or raised an eyebrow when I shared my entrepreneurial vision with her. I would share this post with your partner so that they have an idea of what you are trying to do. That way they can help and support you as much as possible. If they are not supportive you have an important decision to make. And that’s all I have to say about that.
16. Read Read as much as you can about business ideas, successful companies, leaders, and entrepreneurs. This is the greatest entrepreneurial hack there is. Learn all you can from others who you admire and want to emulate. Read about how other Founders did what they did. There is no end to what you can learn from others. Read books, online articles, and blogs. Listen to podcasts and audiobooks as you commute. Drink that knowledge in. Create your own curriculum. And give yourself your own, self-directed advanced degree. You can even walk across your own stage and hand yourself an official-looking piece of paper. That would be weird. But you could do it.
17. Grow Your LinkedIn Connections. LinkedIn offers the best measure of your network. Create a profile if you haven’t already. Become an active user. Add everyone you meet to your LinkedIn profile by sending a custom invitation reminding them of how you know them or why you want to connect. This will become ground zero for raising your profile and staying in touch with your broader network and the opportunities they bring. Like, comment, and share content from other people. Make people who don’t know you curious about who you are. Insider Tip: LinkedIn offers an audio icon next to your name that let’s you share how your name is pronounced. Click on mine to see how it works.
18. Learn As Much As You Can About The Business You Are In Now. While you are still employed by someone else, take advantage of the experts in the organization. Learn from the finance or accounting teams. Talk to HR about how benefits, recruiting, and reviews work. Talk to sales about how they generate leads and close deals. Talk to operations about what makes them such smooth operators. Talk to IT about, well, IT. You can learn about all of the things you are going to need to know as an entrepreneur while in your current job. Think of it like studying. Your coworkers will love your interest in their work. And they will be flattered when you start your own business and credit them as your sliver mentor in their specialty. You’ll also know who would be a good resource to hire after your non-compete clause expires.
19. Write down your plans. It’s one thing to think about starting a business. It’s another to write down a plan to make it happen. Once you have a vision for your dream business, write it down. The more details the better. That written plan becomes your blueprint to build it for real. I followed the written plan approach from The E-Myth, and it gave me great structure and clarity around what I was creating. Do this too. Also carry notebooks. Not only are they great for capturing spontaneous ideas, but if you get shot in the notebook, it just may save your life.
My great client-friend Nicole Hallada was one of the first people I told about The Weaponry.
20. Talk To Former Clients About Your Plans. Your best prospective future clients are your past clients. When I launched The Weaponry I discussed my plans with several former clients. Within the first week of discussions I had 5 clients tell me that if I created a business they would send work our way. That confidence, interest, and demand in my offering made it much easier to jump. 4 out of those 5 former clients became future clients. The other one is living with constant regret. Right Chad?
Key Takeaway
Starting your own business in the middle of your career can sound intimidating. But the more you know, the easier it is. You can do it. Utilize the knowledge of those who have gone before you. Most of it is easier than it seems. With the tips above (that I wish I knew when I was starting out) you will be able to start taking steps today. Then simply never stop. If you need a Mentorpreneur, just reach out to me through Linkedin. Tell me I sent you.
*If you know someone who wants to start their own business and could benefit from this message, please share it with them.
If you are like most people you have fantasized about owning your own business. It is an easy thing to fantasize about. Being an entrepreneur has many benefits. It’s an exciting challenge. It offers professional freedom and the potential for great income. Plus, it’s a really great way to finally learn how to spell the word entrepreneur. (The e always comes first.) But for most people, the hardest part is actually knowing what kind of business to start.
Here is a simple suggestion from a mid-career entrepreneur.
Think of products or services that you wish existed. Then create a business that delivers them.
Your business doesn’t have to be massive. It doesn’t have to change the world, go public or someday sell for a billion dollars. If those are your criteria you will likely never start anything. Instead, simply offer products or services that you would like to have for yourself.
I started a t-shirt business several years ago called Adam & Sleeve because I had humorous t-shirt design ideas that I wanted for myself. But when other people saw the designs, they wanted the t-shirts too. So I made enough shirts to sell to other people, which meant that I could get the shirt I wanted for free.
In 2015 I was ready for a job change. So I started talking to a number of advertising agencies about potentially joining their team. But I didn’t find the right combination of culture, clients, and opportunity. So I decided to create what I was looking for. And clients liked the idea too. After months of taking on night and weekend projects, the demand kept swelling. (Like my face after a bee sting.) So I officially launched The Weaponry, an advertising and ideas agency in April of 2016.
My friend Dan Richards started his business, Global Rescue, a worldwide field rescue service, after hoping that the business already existed. When he discovered that it didn’t, he decided it needed to, so he created it himself.
Today, I think about businesses that I wish existed all the time. In fact, my son Johann and I are in the process of launching a used piano business. But I also wish we had a local shoeshine that also cleaned sneakers. And I want a Flip Flop Ambulance that I can call when I’ve blown out a flip flop, or stepped on a pop-top. And maybe a business that came to clean out the bottom of your grill for you. (I would call that Grillax.)
Key Takeaway
Keep your antennae tuned to those things you wished existed. Businesses exist to fill a need. And if you have found a need that isn’t being met, you have found a space for a new business opportunity.
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There are 2 main reasons that people want to hear you tell your story.
You have experienced success and others want to hear how you did it.
You have failed in a spectacular way and people want to hear how you did it.
I’m not sure which category I fall into.
But I was recently invited to sit down with the great Justin Honaman to record an episode of his ContenderCast Podcast. Justin interviews entrepreneurs and people doing interesting thangs. I either qualified or found a useful loophole.
Like you, I was not born an entrepreneur. In fact, I spent 19 years working for someone else. But in my early 40s, with a significant mortgage, 3 kids and a wife that I really wanted to keep, I switched from Team Employee to Team Entrepreneur when I launched the advertising and ideas agency, The Weaponry.
When I started the agency I also started writing the Adam Albrecht blog, which now has 775 published posts. Most recently, I published my first book called What Does Your Fortune Cookie Say? Did I mention I also juggle? (And jiggle.)
If you want to hear more, check out the podcast. I share my backstory that led to my front-story. I talk about a lot of different stuff. And Justin asks great questions.
Things I talk about on the podcast:
Growing up in Vermont
My track & field success, setbacks and comebacks
My college track & field experience at the University of Wisconsin
My advertising career
My real-life advanced degree in business
How the universe turned me into a mid-career entrepreneur
How you can become a mid-career entrepreneur
Launching The Weaponry, the advertising and idea agency
The inspiration behind the name The Weaponry
The technology we used that made us pandemic proof
Sharing financial information with our team
The No A-Hole Rule
How and why I started the Adam Albrecht Blog.
Why blogs are amazing platforms for sharing ideas
Recognizing the power of positive messages
How I wrote My new book What Does Your Fortune Cookie Say?
My next book on organizational culture with Jeff Hilimire
If you’ve read this far you might as well just listen to the whole podcast
How to continuously upgrade your thinking
Why I collect keys
The first thing I do every morning
The 2 questions my wife uses to inspire my career progress.
Last week I was a guest on the ContenderCast Podcast with host Justin Honaman, Justin interviewed me about entrepreneurship, and the things I have learned by launching and running the advertising and idea agency, The Weaponry. We discussed lessons from my book, What Does Your Fortune Cookie Say? And we talked about his transition from Diet Coke to Coke Zero. (This paragraph has been brought to you by Coke Zero.)
I can’t wait for the podcast episode to drop. I expect it will change my life the way Sara Blakely’s life changed when she went on the Oprah Winfrey show. So don’t be surprised if the world starts wearing my undergarments too.
Advice
One of the great questions Justin asked me was, ‘What advice do you have for other people who want to start their own businesses?’
My answer was clear and instant:
Spend time with people who have already done it.
But that advice is not specifically for want-to-be entrepreneurs. Or wantrepreneurs.
It is the best advice I can share about any type of success and achievement.
The best way to achieve a massive goal is to spend time with people who have already done what you want to do.
When you spend time with superstars their mindset rubs off on you. Unlike tickets on the Polar Express, their mindset is transferrable.
Spending time with high achievers is like going to a Success Optometrist. They help you see success in much greater detail. You see the actions they take, the mindset they have adopted, and the relationships they develop and maintain.
When you see those things up close you realize that you can do all of those things too. Suddenly, your belief in what is possible expands. Your risk tolerance increases. Your view of money transforms. And your excuses fade away.
There is an intelligence that increases with increasing levels of success. It can appear mysterious or unattainable from a distance. But once you have a front-row seat to higher levels of success, it demystifies the process. It’s like seeing how magic tricks are actually performed. You quickly realize there is no magic. There are simply skills developed, practiced, and perfected until it looks like magic.
Key Takeaway
Seek out successful people. Step into their orbit and let their positive peer pressure propel you. Notice the way they act, read, and think. Modify their approaches to your needs and style. Soak up the education and inspiration. It will change your life like nothing else can. Because when you are close to those who model the behavior you want to see in yourself you can’t help but replicate it. It’s like a language immersion program. Only the language is success. Soon you’ll notice others who want to get close to you and learn how you do what you do. That’s when you know it works.
*If you know someone who could benefit from this message, please share it with them.
If you want a better, more interesting and more fulfilling life take on more personal projects. If you don’t, a disproportionate amount of your life will be taken up with your must-dos, and not your want-to-dos.
Personal projects allow you to take on exciting new roles in miniature. Because they let you dip your toe into a new world on a small scale. (Unless you have really big toes.)
Your personal projects are experiments. They let you test and learn. They let you take action and observe reactions. They enable you to adjust the variables to get new and better outcomes. No Bunsen burner required.
Your personal projects are small investments you place on yourself. With a small investment of time, money or energy you can generate significant personal returns, Jedi.
Matt Mullenweg says that WordPress, the platform this blog post is created and published on, was started as a project. It was simply interesting and enjoyable for him to develop. He never thought of it as a business. But that small project is now the hostess with the mostesss, as it now hosts more websites than any other platform in the world. Which allows millions of people to create their own personal projects.
My Projects.
I love starting personal projects. Here are a few of mine:
I love to regularly print original t-shirt designs that interest me. That has evolved into a business called Adam & Sleeve, and a whole bunch of fun shirts I love to wear.
I started an illustrated cartoon series called Kirky. Because I always thought that would be fun. And it has been. Thanks to Dan Koel for teaming up with me on this.
I began writing a blog in 2015. This is my 726th post. But who’s counting? (The WordPress platform counts them automatically.Thanks, Matt Mullenweg!)
I began taking on freelance advertising projects early in my carer. That eventually lead to me starting my own Advertising and Idea Agency called The Weaponry.
A few years ago I volunteered to coach a middle school track program a couple of days a week. That evolved into becoming a high school assistant track coach at Homestead High School in Mequon, Wisconsin. Which led to me coaching a handful of other Milwaukee-area discus throwers and shot putters on the side. Which means that my side projects have spawned side projects.
Since the beginning of my career, I have regularly volunteered to give talks to college and high school students and professional groups. I have gotten pretty good at sharing a good and compelling story. Now businesses, schools, clubs, conferences, tradeshows and other organizations across the United States have invited me to come share what I know. (And I am always up for more.)
I volunteered to organize my high school reunion last year. A few months later I was hanging out in Hanover, New Hampshire with fellow Marauders who I hadn’t seen in decades. Thanks to Covid, we all walked away with a new appreciation for our time together, and some fun new stories to share from our shared experience.
Key Takeaway
Take on more personal projects. They are highly rewarding investments of your time and energy. They are great experiments that let you test, learn and improve. They can add great joy. They can unlock new doors and offer you more control over your life and time. When you take on a personal project it has the potential to both add to your story and change the course of your life. All you have to do is get started.
*If you know someone who could benefit from this message, please share it with them.
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