Friday, April 30, 2010

Jack's Story: TeenBusinessForum.com

Perseverance is an important part of being an entrepreneur. Jack never lost sight of his business goals, and refused to allow discouraging moments to slow him down. If you've ever felt overwhelmed by the challenges of being a small business owner, follow Jack's example and don't let temporary setbacks get you down. Thanks for sharing your story, Jack!

"My story doesn't pertain to my business in particular, but has to do with the life of an entrepreneur: the ups and downs, the great ideas and bad execution, the persistence needed to keep going. In addition to my day job, I have been working on side projects for two years now. Throughout those two years, I knew I needed a business coach: a mentor who would sit with me and tell me the ugly truth. I got advice from a friend who is a business executive, but he was too busy to be sorting through the weeds of my business. So for two years, I researched and implemented ideas and talked to a number of people, doing everything I could to keep my entrepreneurial spirit going.

I finally incorporated back in April for a generic IT consulting company. I did my first pro-bono work, free of charge in order to get my name, branding and quality of work out there. Then I saw an opportunity with the Northern Virginia Technology Council (NVTC) non-profit to receive coaching from veteran entrepreneurs (you know the type - guys who've hustled money for the last 30+ years, people you'd recognize from Inc., ex-CEO's, CFO's who have sold companies for fifty times the value of your house). It was the inaugural class of the NVTC FastTrac TechVenture entrepreneurship program. I wanted in, badly. So badly, in fact, that I applied twice; one application for my IT consulting company, and a second application for an idea I had for software that would benefit the architecture and interior design industry. But I didn't get in. The feedback I got was that the selection committee liked my entrepreneurial spirit, but did not like the fact that I submitted two applications. It made me look unfocused. Their advice was that I should take the coming months to develop my ideas further, and then apply again when the coaching program was about to restart.

That's when I landed on my most recent project, TeenBusinessForum.com, an online community where teen entrepreneurs connect to discuss business and share stories. I looked at it and thought, 'this has potential'. So I acquired the site, then talked to various people to see if there were any synergies. I found a retired business exec who was willing to contribute to the site as an expert, and another person who was a teen entrepreneur coach. I continued to brainstorm on how to grow the forum and make it unique. Soon after, I was notified that the entrepreneurship program was going to start again. So I applied. This time, I only submitted one application, and it was for TeenBusinessForum.com. I also submitted a partial business and marketing plan. A week later, I got the email; I got in.

Why do I tell you this story? Because entrepreneurs need to be persistent. I knew from the start that I needed a coach, and I sought after it with determination. When I got rejected the first time (and believe me, you will hear 'no' plenty of times), it just meant that I needed to work on myself and my business more. I never in the last two years ever said entrepreneurship was not for me. Frankly, the alternative wasn't much better. I'd rather take the harder approach, knowing that it's as much a journey in personal growth as it is in business. And it has been. In two years, I have become a better public speaker, networker, and leader. Don't we all want to be that? Who knows what the next five, ten, thirty years will bring; life is more interesting that way."

Make sure to check out Jack's website at TeenBusinessForum.com, and connect with him at his blog, OffTheBeaconPath.com.

Health and happiness,
Abbey
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