Bo Burlingham is an editor-at-large of Inc. magazine and the author of five books, including Finish Big: How Great Entrepreneurs Exit Their Companies on Top, which has been praised by thought leaders like Seth Godin, Simon Sinek, and Jim Collins.
Today we discuss Bo’s fascinating journey, and how the very image of entrepreneurship has fundamentally changed over the past few decades – a shift that is highlighted in Bo’s previous book, Small Giants, which features the stories of small companies that value greatness over growth; companies that have the opportunity to get bigger a lot faster, but chose not to because they have other goals that they consider more important.
Forbes also continues to update a list of Small Giants, annually. And at this point in time, the hardest part of creating the list is narrowing it down to just 25 small giants every year – entrepreneurs are, increasingly, using their resources and drive to create a huge impact.
In the book (you can read an excerpt here), Bo identifies six characteristics of Small Giants:
They have a relationship with the community that they’re located in; they not only give back to their communities, but their personalities are shaped by the communities in which they live. They have a close, personal relationship with their customers (which they sought to develop). The only relationships these companies value more than their customers is their relationship with their employees. They try to create what Bo calls a “culture of intimacy.” The leaders know who they are, what they want out of business, and why. These leaders also have a passion for what the company does. And of course, finances are also important: these companies have a large variety of business models that protect gross margins.
The face of entrepreneurship is still changing – with the change being led by these Small Giants and the next generation of entrepreneurs both brave and passionate enough to make an impact.
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Resources:
Learn more at BoBurlingham.comEp. 135 - Epic Fatherhood: How to Hone The Dad Edge - with Larry Hagner
Ep. 134 - Change Your Behavior, Change Your Life - with Tony Grebmeier
Ep. 133 - Stretched Too Thin - with Jessica Turner
Ep. 132 - Everything is Better as a Team: From SEAL Teams to the Business World - with Flynn Cochran
Ep. 131 - Movement is Life - with Jeff Moreno
Ep. 130 - Learning at the Speed of Love - with Dr. Carrie Rose
Ep. 129 - Being Chief - with Rick Miller
Ep. 128 - Start, Love, Repeat: Choosing to Trust & Love in Your Relationship - with Dorcas Cheng-Tozun
Ep. 127 - Being Different Makes the Biggest Difference - with Christopher Lochhead
Ep. 126 - What Have You Been Given Breath to Do? - with Cara Miller
Ep. 125 - Multiplying Your Understanding of Purpose & Passion - with Cara Miller
Ep. 124 - Designing Your Life: Lessons from One of Stanford’s Most Popular Classes - with Dave Evans
Ep. 123 - White Collar Warriors: What We Can Learn From Army Rangers & Navy SEALs - with Bill Hart
Ep. 122 - Grit, Gratitude and Beating Chains - with Rusty Labuschagne
Ep. 121 - The Art of Coming Back - with Jordan Harbinger
Ep. 120 - Leading from Purpose - with Nick Craig
Ep. 119 - Start, Love, Repeat: Supporting an Entrepreneurial Spouse Through The Struggle - with Dorcas Cheng-Tozun
Ep. 118 - Recovering from Addiction & Sharing Our Stories to Empower Others - with Jason Coombs
Ep. 117 - Cracking The Legacy Code & Creating a R.I.C.H. Experience - with Armando Cruz
Ep. 116 - Get Your Foot in the Door & Figure it Out - with Jesse Itzler
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