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. 115 - The Risk of Not Taking Risks - with Zach Obront
Ep. 114 - Creating a Vivid Vision & Collaborating on the Future - with Cameron Herold
Ep. 113 - You’re Not Normal, You’re an Entrepreneur - with Malorie Tadimi
Ep. 112 - Never Limit Your Life: Old-School Rap + New-School Mindset - with Derek Clark AKA The Rapping Dad
Ep. 111 - Shaping Stories & Faces on the Silver Screen - with makeup artist John Caglione Jr.
Ep. 110 - The Perfect Day Formula: Get Beyond the Morning Routine - with Craig Ballantyne
Ep. 108 - Adversity? Bring It On: Moving from Mental Paralysis to Progress - with Nathan Ogden
Ep. 107 - Become The Ideal Team Player - with Patrick Lencioni
Ep. 106 - Reshape the Story of Your Life & Elevate Your Inner Hero - with Andy Janning
Ep. 105 - Mentoring the Next Gen of Athletes & Allowing Your Purpose to Change - with Olympians Caroline Burckle & Rebecca Soni of RISE Athletes
Ep. 104 - What You Can Learn from the New Rules of Marksmanship - with Chris Sajnog
Ep. 103 - Bada** Bodies, Big Brother, & Broken Bones: Finding Purpose & Choosing to Change - with Christmas Abbott
Ep. 102 - Take Your Life Pro - with Dana Cavalea
Ep. 101 - Find Your WHAT - with Steve Olsher, America’s Reinvention Expert
Ep. 100 - Celebrating Our Centennial - with a Very Special Guest
Ep. 99 - How the Science of Mental Preparation Can Help You Succeed - with Daniel McGinn
Ep. 98 - Find Your Purpose, Be a Positive Leader, & Transform the World - with Jon Gordon
Ep. 97 - How to Learn from, Manage, and Take Risks - with former Navy SEAL Kevin Lacz
Ep. 96 - Pioneering the Future of Learning & Healthcare - with Eren Bali of Udemy & Carbon Health
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