Prosperity Place with Joan Sotkin

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Steven Hoffman: Secrets for Startup

Steven Hoffman (Captain Hoff) is the Captain & CEO of Founders Space, one of the world’s leading startup accelerators. Founders Space was ranked the #1 incubator for overseas startups by Forbes and Entrepreneur Magazines. Hoffman is also a venture investor, serial entrepreneur, and author of several award-winning books. These include Make Elephants FlySurviving a Startup, and The Five Forces.

Highlights

  • Steve shares his interesting journey to becoming the CEO of Founders Space.
  • We talk about the dangers of comparing yourself to others and not following your inner urge to do something.
  • If you have a big dream, then you make sure that you’re the best in your field. Steve shares his experience in trying to become a Hollywood writer/director.
  • A lot of entrepreneurs believe they’re better at something than they really are.
  • As an entrepreneur, how you think of yourself is important.
  • Anyone who works for themselves will learn that it’s an emotional roller coaster.
  • Steve talks about how Founders Space helps budding entrepreneurs on many different levels, giving them skills that can move them toward success.
  • It’s not unusual for entrepreneurs to become deeply attached to their business idea and then fail because they aren’t open to change.
  • Steve explains the screening process his company uses with potential clients.
  • For new entrepreneurs, when you get an idea, you have to take it into the real world to test your idea. Find out who wants it and why.
  • We talk about the importance of learning soft skills to go along with business skills.
  • Your work doesn’t define you unless you let it define you.
  • Because of the way your brain works, you have much more control over your responses and emotions than you realize that you do.

 

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