Categorized | Entrepreneurship

YE In The News

Young_entrepreneur_brothers We’ve added a new section to the blog called YE in The News. The point of the new section is to show off some of the many interviews that Young Entrepreneur founders Adam and Matthew Toren and their advice for other young entrepreneurs on how to build a business.

So far we have put up three interviews and I wanted to share some of my favorite highlights from each one:

BusinessNetworkingAdvice.com:

“Successful business networking is the art of creating and cultivating helpful and meaningful business relationships.”

“Keeping all of your contacts organized and staying in touch with your network will also assist you in building upon your biz relations with each person you meet. It’s always good to have a powerful and concise verbal and written synopsis on your own company and growth plans to convey to new individuals that you meet while biz networking.”

“Both myself and my brother seem to change our business card layouts each and every year. We do this because we feel that it’s a great conversation piece and also if your business card stands out from the rest, it will have more of a memorable impact on the people you meet.”

“The best way to network seems to still be the face to face networking and creating a long lasting relationship where you can assist each other with whatever each of you needs. Our network is growing rapidly and we already have a quality connection in almost every industry and almost every country.”

startuploft.typepad.com

“All of our traffic comes from “organic” search engine rankings, links from other sites and of course, word of mouth. We have not done any advertising on other sites, but we do plan on doing some strategic advertising over the next few months to continue to build the awareness of the site. The sites popularity started growing rapidly once we integrated the features and solutions that our visitors and members wanted. Asking and listening to our target market has played a big role in growing our online community.”

“We started a small magic company at an early age. We were importing box sets of kids’ magic tricks. Once we mastered all the tricks, we trained a few other people to assist us with managing sales. We rented kiosks at a few local shopping malls during the busy Holiday Shopping season and practically sold out of all of our magic sets before Christmas. It was one of our first big successes.”

“Both my brother and I try and live by these words: “Procrastination is the thief of fortune.” Living by those words have really assisted us in capitalizing on several opportunities that may not have been as rewarding if we had waited. We have quickly realized that a strong team has helped us expedite reaching several of our goals. We always recommend that you find people who are passionate about their role in assisting your company, and they treat their role as if they were the owner. Once you find these ideal employees, treat them very well and have them grow with your organization. We have some employees that have been with us since our first business ventures.”

EvanCarmichael.com:

“We have been fortunate to have each other through the years while going through the various business ‘growth lesson.’ We had learned quite quickly that our business characteristics really complement each other. Matthew recognizes my strengths and I recognize his which always ensures a very high quality, respectful friendship and business relationship. This is extremely important whether you are going into business with a friend or family member, always respect each others opinion and areas of expertise.”

“Be passionate – The important detail is to ensure you are passionate about what you are doing. No matter how much potential your business might have for making money, unless you believe in it, if you don’t believe in it, it’s quite hard to convince other people to. A bit of self-belief can go very long way.”

“Be committed – Hand in hand with passion comes commitment. From day one you’ll need to be dedicated and work incredibly smart, often forgoing friends and certain events in order to get your venture off the ground. You need to ask yourself whether you’re prepared to make that kind of sacrifice and commitment and whether you can keep yourself motivated to put in those long hours. If you’re the sort of person whose new year resolution lasts until January 2nd you might want to think again whether you’ve got what it takes, particularly when things might not be going your way.”

Evan Carmichael

Comments:


2 Responses to “YE In The News”

  1. ian amor says:

    Evan ..You are right about “passion”it is the one thing which you must have to sustain you..in my case 9 years..
    It took me 8 years to learn what my real talent was before i could make progress…..
    To be true to myself i am going to need that commitment you mention..
    as i have gone for” the big one ” The” impossible “Asian student market…..in Chinese; Urdu, and English.
    Thank you for your comments and your website which i found through..”youngentrepreneur.com ” ian

  2. Cool interview :) Enjoyed reading about your networking on social sites, i enjoy using Myspace and will use it more for business.


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