Employees Should Be More Like Entrepreneurs
Ryan Blair is a serial entrepreneur, establishing his first company 24-7 Tech when he was only twenty-one years old. Since then, he has created and actively invested in multiple start-ups and has become a self-made multimillionaire, known for going from "long shot" to "big shot" even when the odds are against him.
After he sold his company ViSalus Sciences to NYSE:Blyth in early 2008, the global recession took the company to the brink of failure resulting in a complete write off of the stock and near bankruptcy. As CEO, Blair went "all in" betting his last million dollars on its potential and turned the company around from the edge of failure to more than $150,000,000 a year in revenue in only 16 months winning the coveted DSN Global Turn Around Award in 2010.
But like most of us in the "real world", that success wasn't just handed to him. Now, for the first time, Blair is sharing his unique story with the world. Nothing to Lose, Everything to Gain: How I Went From Gang Member to Multimillionaire Entrepreneur is Blair's new book, revealing the true-life story of how his disadvantaged beginnings might have ruined his life, but instead, with an unexpected mentor and patient support, Blair turned his life around.
Blair has been a commentator on CNBC, MSNBC, and Fox Business, and his story been featured in Time, BusinessWeek, Sports Illustrated, the Wall Street Journal, and Forbes. He currently lives in Hollywood, California with his 2-year-old son Reagan.
Ryan Blair: Yeah, you know there are a lot of corporations that ask me, “Ryan what if you inspire all my employees to be entrepreneurs? And I say great, they’re making the world a better place. The idea that you don’t want to inspire your employees to be entrepreneurial is ludicrous. You want as many entrepreneurs within your company as possible and if I were a CEO and I had a manager that was stifling entrepreneurial inspiration within my corporation I would fire that manager immediately because you want as many entrepreneurial minded people as possible. One of the greatest things that happens to me is when an employee quits and says, “Ryan, I'm quitting because you have inspired me to start a business.” I mean you’re doing a value to the economy. You’re doing a service basically when you inspire an employee to quit to become an entrepreneur and if you’re smart as a business owner invest in that employee and take an equity stake in that entrepreneur’s dreams.
The CEO of ViSalus Sciences explains why entrepreneurially-minded employees are an asset.
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