About this episode
In this episode, Eddie explores the dynamic phases of business and shares his three guiding principles for navigating the early stages: take risks, strike first, and make small contingency plans. He examines the concept of business as war, detailing the strategies that differentiate "wartime" and "peacetime" in entrepreneurship. Drawing from personal experiences—including challenges in his first marketing business and global insights from his non-profit, Impact Others—Eddie highlights the critical roles of collaboration, customer focus, and innovation in achieving long-term success. Tune in for valuable lessons and thought-provoking stories to help you build your vision and thrive in any business climate. TIMESTAMPS: 00:00 START 00:16 The Five Phases of Business 00:32 Three Principles Eddie Uses During the First Two Phases Business 00:40 First Principle: You Cannot Play it Safe 03:33 Second Principle: Strike First 04:42 Third Principle: Have a Small Contingency Plan 06:12 Is Business War? 08:00 The Principles During a Non War Time in Business 08:09 1st Principle: Collaboration v Destruction 09:14 2nd Principle: Customer Focus v Enemy Focus 11:41 3rd Principle: Innovation and Growth v Tried and True Tactics 15:04 What is a Problem Most Entrepreneurs Make? 17:14 Eddie Shares an Experience About a Time He Was at War in His First Business 21:40 Eddies Shares His Experience with Actual War in Two Countries his Non-Profit Impact Others Serves 24:34 The Importance of Self Introspection When Starting Your Business 24:54 Why its Important to Understand the Concept of War and Business 28:14 Eddie Gives Another Example of War in Business, Talking About Steve Jobs v Tim Cook 33:32 Eddie Explains that Having Vision is Vital When Running a Business 39:14 END Hosted on Acast. See acast.com/privacy for more information.