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This business coaching coaching course teaches why you should keep pitching until you raise capital.

Results-Focused Training, Tools, and Workshops from Expert Business Coaches.

Featured Coaching Excerpt - Notes & Transcript, Part 1
  • Step #3: Don’t stop pitching until you secure capital
  • Lesson Nugget: Walt Disney - It took him from 1919 to 1931 to build his profitable Disney Empire while going broke twice along the way, having his first character Oswald the Lucky Rabbit stolen, etc.
  • Lesson Nugget: Abraham Lincoln: 1832 - defeated for state legislature. 1833 - failed in business. 1843 - defeated for nomination in Congress. 1849 - rejected for land officer. 1854 - defeated for U.S. Senate. 1856 - defeated for nomination for Vice President. 1858 - defeated again for U.S. Senate. 1860 - elected President.
  • Lesson Nugget: 1854 - defeated for U.S. Senate. 1856 - defeated for nomination for Vice President. 1858 - defeated again for U.S. Senate. 1860 - elected President.
  • Lesson Nugget: Don't stop pitching until you secure the capital you need for your business to succeed.
  • Lesson Nugget: Before you launch your new business be sure to: 1. Save at least 6 months worth of income. 2. Moonlight - have a second job in addition to your regular employment.
  • Lesson Nugget: Most people's businesses fail for lack of capital, not because the idea was bad.
  • Editor's Note: For any questions feel free to email us at: info@thrive15.com or press the "Ask Us Any Business Question" button in the lower part of your screen.
  • Editor's Note: To obtain the link to the book "Pitching Hacks" by Babak Nivi and Naval Ravikant email us at: info@thrive15.com
  • Editor's Note: They created AngelList - US website for startups, angel investors, and job-seekers looking to work at startups.
    (https://en.wikipedia.org)

(record scratching) Action step #3: Don't stop pitching until you secure the capital that you need. Clay, what do you have to say about that? Well, just to give you some context here, you know, Walt Disney went from 1919 to 1931 to build his profitable Disney empire. He basically built this character called Oswald the Lucky Rabbit. He had the characters basically stolen from him. He went into bankruptcy. He, I mean, he went into bankruptcy. He had his only character he had that was successful was stolen from him. He went through a lot of stuff, but he didn't quit. He went through, if you're going through hell, don't stop. You know? So, he went through this process for 12 years. So, 12 years later, he became profitable, from 1919 to 1931. He was born in 1901, and I only know that because I am obsessed. My magnificent obsession is entrepreneurships. So, the thing is, is that you gotta look at it like what makes you or me or anyone think that we're going to be more successful quicker than Walt Disney. "Well, I was appointed. "I've been annointed. "I've been never disappointed. "I've been..." Calm down and quit saying rhyming words. The thing is, you're going to have to get serious and not quit. Now, Abraham Lincoln. 1832 he was defeated from the state legislator. This is the guy who was considered to be the greatest president of our country. Ok? One of the greatest presidents of our time. The guy who worked to end slavery. Ok? This is the guy who presiding over America during the Civil War, he says again, 1832, he's defeated for state legislator. 1833, he failed in business. 1843, he's defeated for nomination in Congress. 1849, rejected for land officer. How many times could Mitt Romney run for President before we were done with him? Twice. I mean, now it's like, "I might put my hand in the ring, or "I might put my hat in the ring. "I might put my hand up and say I want to be President." And you're like, "Buddy, "you've ran twice. "I mean, that's, are you done?" I mean, look at him though. Wow. 1854, defeated for U.S. Senate. 1856, defeated for Vice President nomination. 1858, defeated again for U.S. Senate. 1860, homeboy was grinding for 28 years before he started to get traction. 28? 28! Colonel Sanders, how old was the guy? "You can't touch my chicken." I mean, he, that guy was, he had that secret recipe that he was sold out to. I mean, but I'm just saying, don't stop until you secure the capital. Go in with that mindset: "I am not stopping." "Well what if I...?" Don't. If you go in with that, "what is my backup plan?" you're not going to be successful. Now, for somebody else who says, "So, you mean, quit my job and make a pitch deck. "So, quit my job, make a performa, make a pitch deck, "and then don't stop?" No. If you refer to other episodes, I encourage you to save at least six months of saving. Six months of savings. Have that set aside. And, I would recommend that you moonlight, meaning that you have a full-time job-y job and then you devote certain hours in addition to your job to build your business. This is called the 6th day principle, so you're working five days for the man and one day for the man, cuz you're the man. But that's what it, you have to make sure that you don't create yourself a financial bind by just dropping out of your job, dropping all your responsibilities and then failing epically. Most people fail because they run out of capital. They don't fail because their idea is bad. So, you have to build that mindset you have while having the discipline to not just quit your job. Make sense? It does. Thank you. Yeah. Absolutely. So, we've been talking, Clay, about turning our dreams into reality. For those of you that are watching Thrivers, if you have any questions, don't hesitate to email us at info@thrive15.com. Also, we have a button at the bottom right hand of your screen that says, Ask Our Mentors. Feel free to utilize that feature right there on your computer to ask us questions. We'll get back with you. And, also, included in new membership, we have workshops just for you. Just like Alan is here, using join at this time at our headquarters. That's also available to you, so, Clay? Yeah, I would add in one thing before we peace out on this, is we have some really detailed training. I'm sure you've seen some of those, but on raising capital, pitch decks, specifically some great training with a mentor who owns his own bank. The guy sees pitches every day. He's invested in tons of companies. He's actually a very, very successful entrepreneur named Sean Copeland. He teaches you the kind of things they look for. And, we also have very detailed trainings on how to make a pitch deck. And, one more thing, if you email us at info@thrive15.com, we're going to send you a link to where you can download a book called Pitching Hacks. Ok? It's by a guy named Naval and a guy named Nivi. They are the guys who built, what is the, it is, what is the, it's going to come to me in a minute. We'll put it up on the screen. They put, it's a, see, this shouldn't happen but that's why we film. It's real. It's raw. But anyway, these guys, they are very, very successful business guys, and they teach you how to raise money the Silicon Valley way. They teach you how to make the perfect pitch deck. They actually have an outline in the book where they show you the outline for best summer capital or best summer ventures from the top venture capital companies. Their pitch deck formula that they endorse, it's all available right there for you. So, that's how it works. Awesome. Awesome. The website's angel list. Angellist.com. There you go. They are the founders of Angellist.com. Ha! I win the game of life. Yee haw! Thrivers, thanks for joining us. Stay tuned. We got great trainings coming up ahead. Have a great day.

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