Episode Details
Back to EpisodesThe Six Essential Traits of a Successful Entrepreneur—with Gino Wickman
Description
Do you want to start an entrepreneurial journey, but you’re doubtful about having the skill set to build a successful business?
In this week’s episode, our guest is Gino Wickman, an entrepreneur since the age of 21 who has had an obsession with learning what makes businesses and entrepreneurs thrive. At 25 he took over the family business, which was deeply in debt and in need of help. After turning the company around and running it for seven years, he and his partners successfully sold the company. Gino then set out to help entrepreneurs and leaders get what they want from their businesses. Based on his years of real-world experience, he created the Entrepreneurial Operating System (EOS), a practical method for helping companies achieve greatness. Gino is devoting time and energy toward helping entrepreneurs-in-the-making get a huge jump-start on taking their entrepreneurial leap, which is why he created Entrepreneurial Leap. The mission of Entrepreneurial Leap is to find all of the entrepreneurs-in-the-making, at any age, wherever they are—to help them realize their purpose and live the life they were born to live.
In our interview, Gino discloses how he identified in their family-owned business that systems were needed, which eventually became the EOS system. He also shares how he could identify the real core focus that will drive him to success. He went into detail about the six essential traits of every entrepreneur and what happens if you're missing any of those traits. Most importantly, he provides us with practical tips on how to actually find a mentor and touches on why being patient, but still taking action is key for an entrepreneur. If you think you’re an entrepreneur in the making, this episode is definitely for you!
[00:01 - 08:55] Opening Segment
- Gino Wickman’s background and work
- His passion for what makes companies great, and entrepreneurs successful
- His experience creating an operating system
- The pure evolution and a journey of obsession
- Make sure to check Entrepreneurial Leap
[08:56 - 29:25] Getting The Leadership Team on The Same Page
- The business mindset before and after EOS
- The leadership team gets 100% on the same page with a clear vision
- Getting clear with your core focus
- Why does the organization exist?
- What does it do in the world?
- What motivated Gino going from the EOS to identify the entrepreneur
- Gino’s definition of what an entrepreneur is
- The entrepreneurial range
[29:26 - 48:48] The Six Essential Traits of a True Entrepreneur
- Gino breaks down the six essential traits of a try entrepreneur
- What happens if you know there might be missing one or two of those traits
- You’re not an entrepreneur. It's all or nothing
- Understanding the glimpse and what you're good at
- Paint a vivid picture of what the life of an entrepreneur looks like
- Gino’s outlook on the point of mentoring
- Find a mentor who is where you want to be
- The mentor tracks
- Take action and be patient
[48:49 - 54:51] Closing Segment
- What Gino could share for entrepreneurs