10 Insights from Alan E. Hall, Investor & Forbes Columnist
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@33voices 33voices.com 10 Insights from Alan Hall
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18-Oct-2014 -
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Listen to the full interview at http://www.33voices.com/alan-hall/audio Grow America founder Alan E. Hall has a personal mission to create jobs and lift local economies. Grow America, a national company, aligns the partners, mentors and capital that entrepreneurs need to create and grow tomorrow’s successful companies. Alan Hall is also a founder and managing director of Mercato Partners, a top performing growth equity venture capital fund. Its focus is to invest in high growth technology companies that need additional funding and expertise in marketing and sales. Current portfolio companies include: Skullcandy, Fusion-io, Control4, Cymphonix, Mediconnect, CradlePoint and Stance. Mr. Hall is also the founder, chairman and former CEO of MarketStar Corporation, a global outsourced marketing and sales company with a focus on assisting high technology companies increase sales through the small to medium business sectors. The company employs several thousand employees and generates billions of dollars in sales for its marquee clientele, including Hewlett-Packard, Cisco, Sony, Intel and Verizon. MarketStar is owned by Omnicom Group (OMC). Alan Hall is the chairman of the Utah Technology Council, the chairman of Weber State University’s board of trustees and the chairman of the University’s capital campaign committee, a member of the advisory board of Wells Fargo Bank, and a trustee of the Intermountain Healthcare Foundation. He is an Ernst and Young and Mountain West Capital Network Entrepreneur of the Year recipient. Mr. Hall is a weekly columnist for Forbes.com. He is also an author, newspaper columnist and frequent public speaker. He and his wife Jeanne are the chairman and president of the Hall Foundation. The mission of the foundation is that “there be no poor among us.” Alan and Jeanne Hall are the parents of six married children and fifteen grandchildren.
Transcript of 10 Insights from Alan E. Hall, Investor & Forbes Columnist
@33voices33voices.com
10 Insights from
Alan Hall
NOTE:The following represents ten highlights from the interview by @MoeAbdou,
founder & host of 33voices®.
Click to stream audio
Alan Hall
Founder of Grow America, a national company, aligns the part-ners, mentors and capital that entre-
preneurs need to create and grow tomorrow’s successful companies.
Alan Hall is also a founder and man-aging director of Mercato Partners,
a top performing growth equity ven-ture capital fund.
33voices.com/
Entrepreneurship is a journey,
not a destination.You’ll make a lot of personal sacrifices
to experience it’s rewards.
No.1
33voices.com/No.2
Everything starts with a deep understanding
of the customer and the marketplace.
33voices.com/No.3
Be honest about your personal ability
to advance your ideas forward.
33voices.com/No.4
Be patient about growth, but impatient about early profitability.
33voices.com/No.5
Create prototypes early, sell them in the marketplace,
and keep iterating!
33voices.com/No.6
Be prepared to accept that 80% of your initial strategies
aren’t going to work.
33voices.com/No.7
Find a mentor in your industryand be aligned with a great attorney and CPA.
33voices.com/No.8
Use personal funds to launch your business, and when necessary, seek additional funds from:
33voices.com/No.8
Use personal funds to launch your business, and when necessary, seek additional funds from:
family
33voices.com/No.8
Use personal funds to launch your business, and when necessary, seek additional funds from:
friends
33voices.com/No.8
Use personal funds to launch your business, and when necessary, seek additional funds from:
angels
33voices.com/No.8
Use personal funds to launch your business, and when necessary, seek additional funds from:
banks
33voices.com/No.8
Use personal funds to launch your business, and when necessary, seek additional funds from:
vc’s
33voices.com/No.8
Use personal funds to launch your business, and when necessary, seek additional funds from:
(in that order)
33voices.com/No.9
The only way to gain the experience
is to test your ideas in the marketplace.
33voices.com/No.10
The biggest risk of being an entrepreneur
is not knowinghow long it will take and how much money you’ll need.
Best Advice
Integrity is the foundation of everything.
Best Advice
