Why I Started Entrepreneurs Assembly

by Matt Westfield, Adams Hub Entrepreneur in Residence

matt westfield portraitEntrepreneurs Assembly (EA) was born in the shadow of the Great Recession, in 2011. A lifelong, serial entrepreneur, I had years of experience in mentoring business plan competitors and assisting startups. But as the “recovery” staggered forward I found myself interacting with a striking number of displaced professionals who’d lost their jobs to the recession and were attempting to reinvent themselves. For many of them, starting a business was a survival strategy fueled by desperation.

Time was of the essence for many of these aspiring entrepreneurs. Many years before this (2003), a buddy and I decided to build a startup curriculum module that we’d never seen anywhere else. It was straightforward and action-oriented, providing a starting point for an entrepreneur to help shake out his or her business model, add chronological marketing steps, and build a plan to stay on track and reach his or her goals.

We revived and expanded that curriculum for these post-recession startups, and realized that we needed to create a network that could engage, nurture and foster accountability among these startups. Structured in 30-day intervals, the network meetings would keep the founders on track and get them to the customer more quickly and more effectively–with a good value proposition and a compelling story to tell. This new network turned out to be the precursor to Entrepreneurs Assembly.

To build the network we sought an initial partner to provide us with meeting space. We met with the economic development folks who needed the metrics for the entrepreneurial ecosystem, which we could build. We met with UNR, who wanted to develop a minor in Entrepreneurism, and also needed a place to direct the entrepreneurs who were hatched by the business program at the University.  Other partners referred potential entrepreneurs to us. The response to the Entrepreneurism curriculum was electrifying.

One of the biggest benefits of the course is that it helped foster accountability. As people began to graduate though, we also discovered a new need: entrepreneurs and would-be entrepreneurs who now needed a way to keep on track and maintain forward momentum. So, the Entrepreneurs Assembly (www.EA-NV.org) was formed with two mentors and two startups who’d come through the class and wanted more hands-on guidance.

In four years, EA has grown from a one-chapter program with a mentor and two founders to three chapters in Northern Nevada mentoring about 100 startups each month. We are proud to build a new chapter in conjunction with the Adams Hub for innovation, launched in Carson City, and delighted to say that we’ve just passed the “1,000th company founder served” mark since our inception.

EA has a very simple, yet compelling model, with a peer-to-peer engagement strategy that holds participants accountable within 30-day intervals. First, when someone signs in they are automatically agreeing that anything divulged in the room stays in the room unless expressly permitted (by the specific founder) to share that information with those outside of EA.

Everyone in the room is held to an ethical and behavioral model which respects the participants, offers constructive critiques and nurtures creativity. As well, participants are encouraged to open and share networks and resources with others in the organization.

Meetings begin with introductions, business, and last month’s “marching orders update,” whether completed or not. Marching Orders are the action items that each participant has committed to for the 30-day period following the previous meeting.

After a quick break, facilitators divide participants into round tables with about 5 or 6 entrepreneurs and one or two mentor/facilitators at each. The next two hours are devoted to the roundtable sessions, with equal time for each participant who has completed their assignments from the prior meetings they attended.

If a founder doesn’t complete their respective marching orders from the prior month, for any reason, they’re welcome to attend the next meeting, but not permitted to take time from the ones who’ve completed their assignments and are prepared for the next session of business development. This ensures that maximum energy is offered to the founders who are executing their plans.

The mentor/facilitator’s job is to keep everyone on track, keep conversations constructive, encourage peer input and not allow anyone to dominate. Mentors-facilitators are also not expected (or wanted) to be the font of wisdom and “answers.” Energy is focused on one speaker at a time. We’ve found that the true power and dynamic rests with each entrepreneur’s ability to share, contribute and learn throughout each session.

The results of each meeting are energy, focus, and dynamic networks of like-minded people of every age who live it, breathe it and “get” it.

EA is open to the entire business community, from someone with a new business idea to founders of startups, new businesses, flat businesses, or businesses in need of turnaround. There is no cost to participate.

EA Carson launched in August and meets on the third Wednesday of every month. For more information, contact grow@adams hub, or call 775.222.0001. You can also visit ea-nv.org to learn more about the organization and all its chapters.

10/18 Lunchbox Learning Class: The Zen of Customer Complaint Resolution

customer-service-recovery-graphDo you dread the next outrageous or review? Does your front desk team freeze like deer in the headlights when a customer complains? Does the phrase “she wants to talk to a manager” strike fear in your heart?

You’re right to be nervous. Unhappy customers share their experience with three times as many friends and family members as your happiest advocate. have amplified this effect dramatically.

“fails” are a fact of life for everyone in business, regardless of how hard you try. (Even the founder of Neiman Marcus has said, “The road to success is paved with mistakes well-handled.”) Learning how to “recover” from these events is more crucial than ever, regardless of whether you’re a coffee shop or a law practice.
     There’s a major upside to handling a complaint effectively. Your customers will actually be happier than if they’d had an “uneventful” experience with your company (see diagram!) Authentic “” is not about improving online reviews, but giving actual, excellent customer service.
     Service recovery is a teachable skill. The first crucial element is a company-wide commitment to delighting customers.  Then all employees, regardless of position, need specific coaching in complaint-resolution skills.
     Your business must also define what, exactly, is in an employee’s “relationship repair” toolbox. (Can a restaurant server “comp” a meal? Is a manager’s approval necessary to issue a credit or refund for unsatisfactory service?) Making it easy to provide “recompense” or “amends” is essential to empowering employees to give world-class service. The words “I have to check with my manager” will further enrage an already-angry customer.
     Our fun, fast Lunchbox Learning class provides specific strategies and tactics that will ensure loyal, happy customers after a misstep.
     We’ll discuss how to turn around tense situations, how to remain calm and effective during a confrontation, how to identify complaints before they happen, and how to resolve a complaint with confidence. Attendees will find out how to turn potential “haters” into raving fans of your business.

We’ll cover:

  • The shocking power of negative word of mouth, on and offline
  • When to disregard negative feedback
  • Handling complaints in person, on the phone, and online
  • The anatomy of a complaint
  • Your most valuable client: the complainer
  • Different complaining “styles” and how to respond effectively to each
  • Radioactive words and phrases you must never use when resolving a complaint
  • Why and when problem-solving backfires, and what to do about it
  • A simple trick that will enable you to listen rather than panic
  • Recompense: how to make them happy without giving away the store
  • Abusive vs. Angry customers and what to do about them

The Zen of Customer Complaint Resolution

12-1 p.m. (BYO Lunch!)

Adams Hub for , 111 W. Proctor St. Carson City.

 Space is limited for this session, so please RSVP to grow@adamshub.com.

Coworking: the cure for the common workday

is changing the way startups, small businesses and freelancers work. It used to be there were a handful of options for those of us who didn’t have an office: work at home, rent expensive space or set up camp at Starbucks. (Good luck on that conference call!)

While working from home has advantages, it has a couple of significant downsides, the first being distractions. Work-from-homers often cite the dog, the kids, or the load of laundry you can slip in between emails as challenges to their productivity and concentration

But the most significant downside for the home office worker is the sense of isolation that can set in after the novelty and convenience of living where you work loses its luster.

Coworking to the rescue. This recent work trend has picked up incredible steam in the past few years. Coworking spaces have popped up in virtually every city in the US. Most of them feature a communal work area that may resemble a cafe, with large shared tables, lounge areas, conference rooms and “phone booths” for those conversations that demand privacy. Some, like Adams Hub, offer a receptionist and mailboxes, enabling small companies and startups to present a professional image from Day One.

At Adams Hub, coworking members enjoy a light, contemporary space with lots of windows, a high speed fiber network, and an unlimited supply of caffeine. Located in the heart of downtown Carson City, there are plenty of restaurants and cafes within walking distance, as well as a nearby yoga studio that offers lunchtime sessions. Other amenities include shower facilities for bike-to-workers, a refrigerator for stashing your lunch, and access to conference rooms as space permits. There’s even a new roof deck.

While coworkers report better focus and productivity, one of the biggest benefits of coworking are the “creative collisions” that occur while working around other people. These serendipities are one of the reasons people love coworking–you meet the most interesting people, doing the most interesting things. And inevitably, there are interesting new connections that come your way as a result of being in this “habitat.”

Adams Hub is unique in that it’s a business incubator and coworking habitat operated by the non-profit Hop & Mae Adams Foundation. Coworkers here enjoy an opportunity to be part of that environment of innovation and creativity.

Because our mission is to foster innovation and energetically support small business in the area, Adams Hub coworkers are treated to some unusual perks:

  • Student interns are often available to help coworking clients, on a space-available basis
  • On Fridays, expert research is provided by Research Ninjas, librarians from the Carson City Library.
  • Thursdays, business counseling by the SBDC is available in-house.
  • Even Office Depot gives our clients VIP treatment, extending their Carson City Chamber of Commerce discounts (which are substantial) to coworking members. Kind of makes you feel like a big shot.

Individual coworking memberships at Adams Hub are just $150 per month for use Monday-Friday, 9-5 p.m. Students (with current registration and ID) can join for just $49.

Tours are always available.

Want to know more about coworking, or getting your accepted for our business incubator? Contact us at grow@adamshub.com or at 775.222.0001.

Learn more about the Coworking trend.

 

 

Problem People

Which are you?  Click the link below to read the full article, then answer Jeff’s challenge question: “So, I challenge us to decide, what is the wise thing to do when a problem arises?”

: Who Moved My Problem? | Carson City Nevada News – Carson Now

We all share a common problem in this world. That problem is called people. Most of our and daily frustrations can be traced to a person. Is this truthful in the sense of being right or is this just our flawed human ? The world, many might argue, is how we perceive it; that is in fact our reality. So, I challenge us to decide, what is the wise thing to do when a problem arises?

 

Start-Up

From the Adams Hub’s very own Jonathan Sarmenta!

 

Start-Up: 5 Key Ways to Succeed as a Young Entrepreneur | Carson City Nevada News – Carson Now

Every year it seems more and more people are looking into starting their own ventures, escaping from the corporate mindset and driving themselves to do more, be more—and let’s not forget—earn more. These pioneers come from all walks of life, but the category that seems to be on the rise, and the one that I fall under, is that of the millennial entrepreneur.

The fierce competition to get into large corporate firms and industry giants is pushing young men and women to get creative and think outside the box to make a living. And they’re making a killing of it. “This group is poised to be the highest density of entrepreneurs in history,” according to Jeff Glass, director of the New Entrepreneurs Network, a youth-based program that teaches high school students in Carson how to think like an entrepreneur.

Curated from Start-Up: 5 Key Ways to Succeed as a Young Entrepreneur | Carson City Nevada News – Carson Now

 

Food for thought about your start-up staff

Great tips and thought provoking information about who to hire for your Start-up.  Click the link to read more about why it’s important to choose the right people to work for you.

Start-Up: How to hire the right superstar to grow your start-up | Carson City Nevada News – Carson Now

Perhaps the single most important and consequential decision you will make as an entrepreneur is who you hire to you build your business. Studies have found that the first three people a start-up hires set the tone, culture, precedent and path to success more than the next ten hires.

 

Networking: The Misleading Journey to a High Net Worth | Carson City Nevada News – Carson Now

 

So there I was: broke, dismayed, and in debt. I had one play: I needed to build a new client base STAT. I started with a list of friends and family; this got me on my feet. One of my friends asked me to attend a lunch where a group of supposed business “professionals” exchange leads. First time was free.

 

Start-Up: What Doesn’t Kill You Makes You Stronger | Carson City Nevada News – Carson Now

Kelly Clarkson is a recording artist that has risen from being unknown on American Idol to one of the most popular stars of this decade selling millions of records and winning countless awards. Likewise, northern Nevada’s entrepreneur landscape has risen from being unknown to a hot scene this decade. Clarkson’s song “What Doesn’t Kill You Makes You Stronger” is a motto that is often used in many contexts, and a motto that aptly describes northern Nevada’s entrepreneur market over the last decade.

 

Curated from Start-Up: What Doesn’t Kill You Makes You Stronger | Carson City Nevada News – Carson Now

Start-Up: The importance of putting yourself out there | Carson City Nevada News – Carson Now

From the time I was very young, it was quite apparent that I would start my own business one day. Nobody knew what it would be or how things would turn out, but my family could recognize a certain drive in me that would one day lead me down an entrepreneurial path.

 

Curated from Start-Up: The importance of putting yourself out there | Carson City Nevada News – Carson Now

 

Startup: The Power of Strategic Alliances | Carson City Nevada News – Carson Now

There is an effective, yet under-utilized strategy by startups that is employed by companies every single day. It is the art of developing strategic alliances with associations, non-competing organizations and affinity groups within your industry. I hesitate to call them “strategic” partnerships as many do, because they are most often not partnerships. A partnership denotes some sort of shared risk and shared reward, but in most cases this is not the case, especially early on, as the will keep the relationship at arm’s length until the comfort level, expectations, and rewards of the relationship become more evident over time.

 

Curated from Startup: The Power of Strategic Alliances | Carson City Nevada News – Carson Now