For entrepreneurs it takes passion and planning
1341_ 1/25/13 - Colorado Companies to Watch winner, Applied Trust cofounders Trent Hein and Ned McClain (a new father, Congratulations) join Larry Nelson for a check-in visit. We love to get successful entrepreneurs to weigh in on what they see as the barriers and challenges to becoming an entrepreneur today. The advice is always worth hearing. Trent directs us to a very personal and important step. "You've got the great idea - but you've got to have the plan that says here's how you're getting from point A to point B. Here's how I'm going to manage my staff. Here's how I'm going to get revenue. There was a mindset for a period of time, where if you just hoped it would happen - it would. But hope's not a method here. We've got to have a plan." Trent tells us that for the 12+ years that he and Ned have been working together they plan everything out, in some cases multiple years out." Doing that, Trent says, "It is critical to an entrepreneur's success." Ned and Larry agree, it's a hot time for entrepreneurs in Boulder and Denver right now. But Ned believes you have to find something you're really passionate about. They started Applied Trust just after the dot com boom - it was probably not advisable to start an IT infrastructure - security - performance company then. But, it was something they were passionate about and that passion is what helped them be successful. It's certainly a challenge today, there's a temptation to just find something so they can do a startup. Agreeing heartily, Larry coined the Double P words here... Passion and Planning. Listen for more great advice... COLORADO COMPANIES TO WATCH ACCEPTING NOMINATIONS Colorado Companies to Watch recognizes second- stage companies that are developing valuable products and services and creating quality jobs. They are currently accepting nominations for the 2013 Colorado Companies to Watch award. Companies may apply without being nominated. The nomination deadline is January 28, 2013. To learn more, please click here.
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LISTEN TO: Applied Trust, Trent Hein & Ned McClain, CoFounders
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