In this episode of InProcess Podcast, Trusted Counsel interviews Rhett Power, the author of “The Entrepreneur’s Book of Actions” and co-founder of Wild Creations, an award-winning startup toy company.
According to Power, we are operating in a society defined by instant gratification (think status updates on social media and quick online ordering). We expect immediate results in our daily lives, yet find ourselves surprised when quick fixes in the workplace fail to produce lasting change. Power makes the compelling case that success in todays increasingly competitive business environment requires far more than the typical “10 easy steps.” During the course of our interview with Power, he strongly encourages entrepreneurs and leaders to take action daily to break old habits, think in new ways, and to develop a successful new mindset with thinking strategically.
Powers recounts his experience in turning around a start-up toy company he’d purchased. He states “we were an utter disaster. We had a terrible business model, but it was a wonderful product. The challenge, was figuring out how to scale this product, manufacture it efficiently, and ship it efficiently. We got our lucky break because of our excellent customer service. Also, we were spending all of our time working in the business, not on the business. So when we got that big order, the light bulb went off and it said to us, we have to stop and start thinking strategically. That was our turning point.”
After succeeding in turning around the toy business, Power tells us “that’s why I wrote the book.” He explains that he never took time in those first couple of years to work on the business. “I realized how important it was every day to take a few minutes to do the strategic things to think about what you’re doing…to take some time and stop making these rapid-fire decisions that aren’t always thought through.”
Power walks us through his favorite chapters in the book and tells us the one thing that busy entrepreneurs will get out of the book. He also briefly touches upon his coaching program and where his clients often need guidance on.
Rhett Power is the co-founder of the toy company Wild Creations and author of the new book “The Entrepreneur’s Book of Actions,” about daily exercises for becoming wealthier, smarter and more successful. Power travels the globe speaking about entrepreneurship, leadership, and management; he has presented alongside Kiva’s Julie Hanna, AOL Founder Steve Case, and President Barack Obama. He has written for the Huffington Post, Business Insider, Time, and The Wall Street Journal. Power now has a rapidly growing coaching and consulting practice based in Washington, D.C. and Charleston, South Carolina.
During the course of the podcast, entrepreneurs and business leaders will learn about:
- Powers impactful story as an entrepreneur- how he saved his toy company from the brink of bankruptcy to become an award winning business
What led Powers to write a book specifically for entrepreneurs
How to shift your thinking from “rapid-fire” decisions to developing a new mindset (strategic thinking and decision making)
Top issues entrepreneurs often need guidance on
Hiring best practices according to Power, when faced with growing a company rapidly
Stream the conversation with Rhett in the player below to learn more about the above business topics. Discover top techniques to improve your strategic thinking when building a business and break your bad habits. Lastly, listen to leadership lessons that Rhett Power learned along his career as an entrepreneur. Don’t miss an episode, subscribe to InProcess Podcast on iTunes to receive this episode as well as future updates from the show to your smartphone.