Episode highlights:
- Robert’s journey from employee to entrepreneur to investor, and how he is now using the lessons he has learned along the way to help other entrepreneurs thrive on their own journey’s. (03:04)
- You can’t do everything yourself! The success of your business depends on the team that you, as a founder, surround yourself with; complementary skill sets are key. (06:02)
- The growth trajectory of Robert’s company, Bengeho, and the process that he and his partner, Andrew, went through of bringing on board a private equity company when the business got too big for them to manage alone. (08:49)
- Shared values and ethics made Robert’s and Andrew’s business partnership thrive as it did for the 20 years they worked together. (18:14)
- When Robert and Andrew interviewed potential hires, they always took note of whether they used the word ‘passion,’ because passion is one of the key factors that can carry a business through difficult times. (22:16)
- Financial strain that comes with bootstrapping a business (as Robert and Andrew did with Audio Network), and the deeper understanding of your business that you will gain as a result of going this route as opposed to the venture capital route. (24:19)
Robert’s best advice for entrepreneurs
“It’s never about one individual. It’s about a team of people with complementary skills. If you can assemble a great team of people around you, you become very, very investable.” (04:28)
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