Just interviewed Mont Phelps, CEO of NWN for my 5% Formula book. 8 - TopicsExpress

Just interviewed Mont Phelps, CEO of NWN for my 5% Formula book. 8 years ago he was $5 million in revenue and 30 people. Today hes at $330 million approaching 600 employees. One of my favorite quotes paraphrased slightly (and there were many): There are no secrets to being successful in business IF YOURE A STUDENT. Unfortunately, there are no shortcuts either. Just hard work and execution on your strategy. My take is that many people who own their own business CHOOSE to stay broke. They CHOOSE to stay in the day-to-day struggle. They CHOOSE whats comfortable, then complain and make excuses as to why theyre struggling. And the biggest problem with all excuses? They often have a thread of truth to them. But you can choose to cling to your excuses OR you can choose to be a STUDENT. There arent any secrets to success in business.

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