16 - From War to Vision | Strategies for Business Success
In this episode, Eddie explores the dynamic phases of business and shares his three guiding principles for navigating the early stages: take risks, strike first, and make small contingency plans. He examines the concept of business as war, detailing the strategies that differentiate "wartime" and "peacetime" in entrepreneurship. Drawing from personal experiences—including challenges in his first marketing business and global insights from his non-profit, Impact Others—Eddie highlights the critical roles of collaboration, customer focus, and innovation in achieving long-term success. Tune in for valuable lessons and thought-provoking stories to help you build your vision and thrive in any business climate.TIMESTAMPS: 00:00 START00:16 The Five Phases of Business 00:32 Three Principles Eddie Uses During the First Two Phases Business00:40 First Principle: You Cannot Play it Safe03:33 Second Principle: Strike First04:42 Third Principle: Have a Small Contingency Plan 06:12 Is Business War?08:00 The Principles During a Non War Time in Business08:09 1st Principle: Collaboration v Destruction09:14 2nd Principle: Customer Focus v Enemy Focus11:41 3rd Principle: Innovation and Growth v Tried and True Tactics15:04 What is a Problem Most Entrepreneurs Make?17:14 Eddie Shares an Experience About a Time He Was at War in His First Business21:40 Eddies Shares His Experience with Actual War in Two Countries his Non-Profit Impact Others Serves24:34 The Importance of Self Introspection When Starting Your Business24:54 Why its Important to Understand the Concept of War and Business28:14 Eddie Gives Another Example of War in Business, Talking About Steve Jobs v Tim Cook33:32 Eddie Explains that Having Vision is Vital When Running a Business39:14 END Hosted on Acast. See acast.com/privacy for more information.