[00:00:02] Speaker A: Ramping up your business. The time is near. You've given it heart, now get it in gear. It's Passage to Profit with Richard and Elizabeth Gearhart. I'm Richard Gearhart, founder of Gearhart Law, a full service intellectual property law firm specializing in patents, trademarks and copyrights.
[00:00:20] Speaker B: And I'm Elizabeth Gearhart, not an attorney, but I do marketing for Gearhart Law and I have my own startups and podcasts.
[00:00:26] Speaker A: Welcome to Passage to Profit, the road to Entrepreneurship, where we talk with entrepreneurs and celebrities who tell their stories about their business journey and also share helpful insights about the successes that they've had.
[00:00:38] Speaker B: Did you know that 2 in 5Americans want to start a new business or are business owners? Well, we have lots of information to.
[00:00:45] Speaker A: Help them too, and we also talk a little about the intellectual property that helps them flourish. But before we get to our distinguished guests, it's time for your new business journey. Two in five Americans want to start a new business or are already business owners. And lots of times our audience asks, what has been the impact of core support networks on your success?
[00:01:07] Speaker C: So Nadja, it is always a very individual thing because not everybody is the type of person that would just approach others via, for example, a LinkedIn or an Instagram. Not everybody wants to wait for the phone call, but initiating is tough for many. So I would say it is a great thing to be on LinkedIn. It is a great thing to stay in touch with other business owners. Don't view them as competitors. So create friendships with like minded. I think that's where a lot of things go wrong when people view the other person as a direct competitor and don't see the potential for team ups. The core network support for me has always happened when I teamed up with others who were in the same industry, sometimes even had the exact same profession, and I welcomed them instead of, you know, showing them the cold shoulder.
[00:02:07] Speaker A: That's great cooperation and collaboration rather than competition. John, what do you think?
[00:02:11] Speaker D: The first thing that comes to my mind when you say core support network, I think of New York and sadly we lost about a half a million people from New York City and that was my core support network. Although I do of course have friends and people that are still here. A lot of them are in Miami to be are perfectly honest with you. But when you work with people in the same industry, often there are areas where you can create your own little ecosystem merger. They do something that you don't do because there's thousands of different things within each industry.
[00:02:43] Speaker A: That's great, Jerry.
[00:02:45] Speaker E: That's Just such a big part of it is getting in network with like minded individuals that are going to provide support and not try to crush you down. When you're trying to do something, especially on the front end of trying to start something new, you need a lot of support, the support of actual infrastructure, but also just like socially, morally, like to have cheerleaders in your camp. So, yeah, just build that network out for sure.
[00:03:07] Speaker A: Kenya yeah.
[00:03:08] Speaker F: So I think for me it's important to have people around me who are smarter than me, just because that's a.
[00:03:14] Speaker A: Very small universe of people.
[00:03:18] Speaker F: It's not. There's a lot of people who are out here who are smarter than me. But I, I say that because some people might be intimidated by being in networks of people that are like that. Right. Or it might be a competitive thing where you're trying to size yourself up against what somebody else may have. But I think if you put yourself around people who are doing a lot better than you, even if you catch up to half of what they've accomplished or achieve, I feel like that's a good atmosphere for success.
[00:03:42] Speaker A: What a mature way to look at it. I think that's so great, Elizabeth.
[00:03:46] Speaker B: I feel like core networks are where you can find the people that are kind of doing the same things you're doing, like everybody else has said, and that you can collaborate with. I have had some really good luck on LinkedIn lately. That's how Nadia and I met, actually. And I think it's because LinkedIn is for business people and everything we're doing is business. So that's kind of where our cohorts are. Like, Richard has been talking a lot about cohorts for the law firm for looking at our client base and everything, and I think that's kind of what everybody's talking about.
[00:04:15] Speaker A: And for me, core network support is having people that I can also refer other people to when they need help. So one of the ways I can be useful is to put two people in touch who need each other for some reason, and that's very satisfying. Passage to Profit is a nationally syndicated radio show appearing in 38 markets across the United States. In addition, Passage to Profit Buffett has also been recently selected by Feedspot Podcasters Database as a top 10 entrepreneur interview podcast. Thank you to the P2P team, our producer, Noah Fleischman, and our program coordinator, Alicia Morrissey and Rishiket Busari. Look for our podcast tomorrow anywhere you get your podcast. Our podcast is ranked in the top 3% globally. You can also find us on Facebook Instagram X and on our YouTube channel. And remember, while the information on this program is believed to be correct, never take a legal step without checking with your legal professional first. Gearhart Law is here for your patent, trademark and copyright needs. You can find
[email protected] and contact us for a free consultation. Take care, everybody. Thanks for listening and we'll be back next week.
