Teaching2014-06-05·17 min

What Is An Entrepreneur Who Is Eben Pagan

What Is An Entrepreneur Who Is Eben Pagan

Eben Pagan introduces his Get Altitude podcast by defining what makes a successful entrepreneur and sharing his journey from the backwoods of Oregon to building a $100+ million information products business. He explains that entrepreneurs must balance the needs of customers, business, and themselves while developing speed of implementation.

What Is An Entrepreneur Who Is Eben Pagan

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Listen:Website

Key Moments

How to develop an entrepreneurial identity -- A framework for shifting from employee mindset to creator mindset

Entrepreneurs Learn What Customers Desire, Need, and Fear

Entrepreneurs create value by understanding what customers desire, need, want, and fear, then meeting those needs through products and services

13:11

Speed of Implementation Is the Key Entrepreneurial Trait

Speed of implementation is the key trait that differentiates successful entrepreneurs from everyone else

6:08

Adopting Entrepreneur Identity Shifts You to Prime Mover

Adopting the identity of 'entrepreneur' shifts you from being a cog in the wheel to being a prime mover and creative force

14:08

Entrepreneurs Create Opportunity for Themselves and Others

Entrepreneurs create opportunities for themselves and others, making success for both parties

0:46

Most Business Ideas Don't Work — Keep Testing

Most business ideas don't work, so entrepreneurs must keep trying until they find what works

10:31

Relevant Clips19

  • How-To

    How to develop an entrepreneurial identity -- A framework for shifting from employee mindset to creator mindset

  • Teaching6:08

    Speed of Implementation Separates Successful Entrepreneurs

    Speed of implementation is the key trait that separates successful entrepreneurs from others - it means taking action immediately when you get a great idea rather than waiting.

  • Teaching10:03

    Entrepreneurs Create Opportunities and Value for Others

    An entrepreneur is someone who creates opportunities and value for themselves and others, takes calculated risks, and balances the needs of customers, business, and themselves.

  • Teaching14:22

    Creator and Prime Mover — the Entrepreneurial Identity

    Having an entrepreneurial identity means seeing yourself as a creator and prime mover rather than just another person adapting to circumstances or competing in the rat race.

  • Teaching11:33

    Why Entrepreneurs Must Keep Testing Until Something Works

    Most things in business don't work, which is why entrepreneurs must keep trying different approaches until they find what works, similar to Edison's light bulb experiments.

  • Teaching6:49

    Balancing Customer, Business, and Personal Needs

    Entrepreneurs must learn to balance three completely distinct sets of needs: the needs of customers, the needs of the business itself, and their own personal needs.

  • Teaching13:11

    How Entrepreneurs Learn What Customers Desire and Fear

    Entrepreneurs create value by learning what customers desire, need, want, and fear, then helping meet those needs through products and services.

  • Teaching13:11

    Entrepreneurs Learn What Customers Desire, Need, and Fear

    Entrepreneurs create value by understanding what customers desire, need, want, and fear, then meeting those needs through products and services

  • Teaching14:08

    Adopting Entrepreneur Identity Shifts You to Prime Mover

    Adopting the identity of 'entrepreneur' shifts you from being a cog in the wheel to being a prime mover and creative force

  • Teaching6:02

    Balancing Customer Business and Personal Needs

    Successful entrepreneurs must balance three distinct sets of needs: customer needs, business needs, and personal needs

  • Teaching6:08

    Speed of Implementation Is the Key Entrepreneurial Trait

    Speed of implementation is the key trait that differentiates successful entrepreneurs from everyone else

  • Teaching0:46

    Entrepreneurs Create Opportunity for Themselves and Others

    Entrepreneurs create opportunities for themselves and others, making success for both parties

Show 7 more
  • Teaching10:31

    Most Business Ideas Don't Work — Keep Testing

    Most business ideas don't work, so entrepreneurs must keep trying until they find what works

  • Teaching10:31

    Calculated Risk-Taking Overcomes the Tendency to Play Safe

    Entrepreneurs are calculated risk takers who overcome the natural tendency to play it safe

  • Teaching

    Entrepreneurs Shape Environment Rather Than Adapting to It

    Entrepreneurs are creators who shape their environment rather than just adapting to it

  • Quotable1:03

    Entrepreneurs Make Opportunities for Themselves and Others

    we entrepreneurs, we get to make opportunity. Okay, we literally get to make opportunities for ourselves and make opportunities for others

  • Quotable6:32

    Speed of Implementation — Winners Act Right Now

    the winners, they don't wait around for tomorrow or next week. They implement right now. Speed of implementation is a key mindset

  • Quotable12:07

    Edison's Lesson: Discovering What Doesn't Work

    I haven't failed. I've actually discovered hundreds or thousands of ways that don't work to create a light bulb

  • Quotable16:09

    I Am a Creator of Value — Entrepreneurial Identity

    I'm an entrepreneur. I'm a creator. I'm a creator of value. I create value for other people

Entities Touched

Canonical Teachings

The Entrepreneurial Opportunity

Eben opens by explaining why entrepreneurship matters - entrepreneurs create opportunities and success for themselves and others. He shares his unlikely background growing up in rural Oregon without business mentors or wealthy connections.

The Journey to $100 Million

Eben recounts his path from failed business attempts to discovering online marketing. A friend's success with an ebook became the catalyst for applying everything he'd learned about marketing and products to build a business that eventually sold over $100 million in information products.

The Three-Needs Framework

Successful entrepreneurs must balance customer needs, business needs, and personal needs. This requires developing new mindsets and skills, with speed of implementation being the key differentiator between winners and those who wait.

Defining the Entrepreneur

Eben provides multiple perspectives on entrepreneurship - from the French etymology meaning 'to undertake' to modern definitions as risk-takers, value creators, and shapers of environment rather than adapters to it. The entrepreneurial identity shifts you from cog in the wheel to prime mover.

Procedural frameworks taught here

Counterpoint 3

Claim:Play it safe and avoid loss to be successful

Reframe: Entrepreneurs must overcome the natural tendency to play it safe and continually take calculated risks until they strike gold

Claim:Failure means you're doing something wrong

Reframe: Failure is discovering ways that don't work, which is necessary progress toward finding what does work

Claim:Adapt to your environment and learn from others

Reframe: Create your environment and generate your own knowledge rather than just consuming what others have done

Topics

Business Frameworks

speed of implementationthree-needs balancecalculated risk takingvalue creationcreator mindsetentrepreneurial identity

Common Mistakes

attachment to favorite ideas