Joining Nick on the show today is legendary entrepreneur, Martin Babinec, the man responsible for TriNet, about the concept of communities among businesses, and why and how sectors seem to come together in certain places in the world.
Martin also discusses the importance of the role and responsibility that comes with doing well in business, and why it's crucial for those who lead to give back to the communities we create.
- An idea is never quite enough. We need to find the customer to whom that idea fits best. It's far better to appeal to a smaller base for whom your idea fits well, than to dilute that idea in the hopes of reaching more people.
- People assume that communities such as Silicon Valley are the best place to begin a start-up because of the money available there. In actual fact, start-ups do well there because of the culture.
- Leaders plant their flag in the sand, sometimes in unknown or untapped places. People follow these ideas and leaders, and the more that follow, the larger these communities become. This phenomenon is known as a "magnet city"
- All relationships, personal or business, begin with shared creative collision or referral by trusted source. When seeking to build a community, we must tap into these primal requirements.
'I started to learn how to get relationships built that would lead me to those customers'
'Entrepreneurs who are successful give back to that next generation'
'They sit on the sidelines because they don't know how to help. They don't know how to plug in'
'Get the right people into the room'
'Culture is easier to influence in a smaller environment'
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Martin Babinec - https://babinec.com
Martin Babinec LinkedIn - https://www.linkedin.com/in/martinbabinec/
ABOUT THE HOST
My name is Nick Bradley. I’m an entrepreneur, author, speaker and investor. My background is in growing and scaling VC and Private Equity backed businesses.
Having successfully built, bought and sold a number of companies, and removed myself from day-to-day operations, my focus now is on helping entrepreneurs get to where they want to be, in business and in life. As well as investing in growth businesses and backing turnarounds - with the ultimate aim of creating value from significant capital events.
I’m passionate about personal and professional development - showing up and being the best version of myself ... every day.
My bigger vision is to help bring entrepreneurial skills, experience and mindset to people in developing nations - so they can follow their dreams, live life more on their terms - utilising entrepreneurship as a global force for good.