Startup Advice from Serial Entrepreneur Rich Gorman

Serial Entrepreneur Rich Gorman Offers Startup Advice

Serial startup investor Rich Gorman has multiple successful online businesses under his belt. Entrepreneurship isn’t unattainable, he says, but getting started can be a challenge for newbie entrepreneurs.
Gorman says, start small. Every entrepreneur starts somewhere. For Gorman, it was with a blog, DirectResponse.net, which he used to share the secrets of how to convert prospects into customers.
From there, he went on to form a number of other companies. The businesses that sprung from Direct Response have propelled him to become an expert in the field of direct response marketing.
He pursued a career as a consultant as he realized the need to look up to other successful entrepreneurs in order to become one himself. Since starting his career in online direct response marketing more than 10 years ago, Rich has since built e-commerce businesses that put his competitors out of business.
Every entrepreneur starts a business with the intention of making it big, whether he or she is working on the first company or the tenth. While people with more experience might be successful more often, they all follow the same process, from forming a business plan to gathering funding and hiring the right employees. Who you work with is just as important as how you work when it comes to being in a leadership role, Gorman points out. Without the right people, the business can’t succeed.
Rich Gorman’s business model entails building businesses and hiring experiences CEOs to run them. He notes that successful individuals are constantly asked the big questions, including, “What has been the most important contribution to your industry,” and “How has your work affected the world?”
To him, part of successful entrepreneurship is the ability to approach every single project from a creative angle. This allows your work to address needs that other initiatives may have failed to notice. Rich Gorman added that many young entrepreneurs have great ideas, but they need to learn how to perfect the art of innovative practices and evolving business strategies.
Gorman added that entrepreneurs who want to be successful need to be smart about their business and realistic about what it can achieve. Over the course of his career, he has listened to the advice from Robert Kiyosaki, an investor and author of the “Rich Dad, Poor Dad” series.
He uses his own experience to help inspire other entrepreneurs.  To do that, Gorman gives away insider information and trade secrets on the Direct Response blog. Tips include specific advice that can help both veteran and novice marketers chance their tactics and improve results.
By giving something of value to other companies, Gorman proves his authority in his field. Another component of his success as an entrepreneur comes from identifying the needs of a client. Once he understands what a client needs or wants, he is able to say whether or not he’ll be able to help with the project.
Learning from those who have gone before can help you as you start your first company. “Entrepreneurship is risky,” Rich Gorman admits, “But if you have that drive, you have no choice but to follow it – let nothing hold you back.”