Episode 7: How to turn a hard knocks failure into valuable education and success, with Marty Wolff.
Entrepreneur, business coach and business journalist. President of Marty Wolff Business Solutions.
Click to tweet: Marty Wolff shares his outstanding experience and insights on Onward Nation!
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Secret — timesaving technique
It’s all about the fundamentals. Observe the practice, write down your goals, and try to review them on a regular basis. Get your heart and mind behind your goals. ONWARD!
Daily habit that contributes to success
A morning routine initiated by a brief prayer. Immediately after prayer, Marty reviews his goals, creates a concise to-do list, and continually checks his progress throughout the day.
Could have ruined your business — but now — an invaluable learning experience
Success at a young age gave Marty a sense of invincibility. He decided to go into a struggling retail business with the idea of reinventing the organization. He ultimately failed by hanging on too long.
Most critical skill you think business owners need to master to be successful
“To thrive in the current business environment you have to read, keep learning, and continually absorb information to feed the mind.”
Most influential lesson learned from a mentor
“You know you young guys think it gets easier. It doesn’t. It just changes over time.”
Final Round — “Breaking Down the Recipe for Success”
What systems would you go back and put into place sooner?
“Financial systems, financial accountability platforms, and systems that help an individual formulate a better understanding of financial projections.”
What one strategy or “recipe” would compound into big wins for business owners?
Share the big picture within your corporation, get everyone rowing in the same direction, and implement internal systems to spread your vision.
How to exceed expectations and add the most value?
An individual can exceed expectations by being a great team member.
What strategy would you recommend new business owners focus on to best ensure success?
- “Gut check.” Why are you doing what you’re doing?
- Ask for help. Don’t try to do it all on your own.
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