Starting from Nothing - The Foundation Podcast | Building your business ENTIRELY from scratch.

Geoff Woods is the host of The Mentee Podcast and an alumni of The Foundation who went from having a 6-figure job to becoming a full-time entrepreneur. Geoff was going through The Foundation’s “Idea Extraction” process when he realized that SaaS was not a good fit for him. Instead he made a pivot to focus on something he was much more passionate about building and that was his podcast, The Mentee - which Geoff was able to monetize within three months of launching.

In Part 1 of this interview, Geoff recalls the moment when he realized it was time to take the leap into entrepreneurship. He shares how he was quickly able to connect with successful people, get mentored by them, and then later interview them on his podcast. Geoff also talks about the importance of adding value, focusing on ONE thing, and taking continuous action in order to move closer to your goals. Also joining us in this special interview is tactical marketing extraordinaire, Ryan Twedt.


In This Interview I Ask:

5:58 - Back when you were a medical device rep, what would you say was your skillset in life?

7:34 - When you were considering the jump to entrepreneurship, what types of skills did you feel you were you lacking that you went to build out?

8:56 - When you were going through The Foundation, how did you that software as a service (SaaS) wasn’t for you?

13:34 - What’s the founding story of [The Mentee Podcast]?

16:39 - Tell us a story about the wackiest way you actually went about getting in contact with one of [your guests]?


Surround Yourself with Mentors

There’s a Jim Rohn quote that say, “You’re the average of the 5 people you spend the most time with”. Take account of the five people you currently go to for advice. Are they qualified to help you accomplish your goals? If not, you need to find new mentors to surround yourself with; mentors who’ve already accomplished what you desire to accomplish.


Pro tip: If you want to surround yourself with millionaires and get them to mentor you, you have to find ways to add value to them.

Example: IdeGeoff knew he didn’t need to know everything about podcasting to build his podcast; he just needed to know the people who did so he set out to become friends with Pat Flynn (Smart Passive Income) and Jordan Harbinger (Art of Charm).



Focus on One Thing

“You have to win a gold medal at something.” - Jeff Hoffman (Priceline)

There’s so many different options of paths to take as an entrepreneur, so many different types of business models. You need to figure out that one thing to focus on, and go win that gold medal. You need to eat, sleep, and breath that one thing before you scale out.

Example: Amazon started off with books and won a gold medal buying and selling books. Today they could care less about books because they’ve been able to scale into something different.


Learn About What You Really Want by Taking Action

You have no idea what detours you’re going to have to overcome. All you can focus on are the six feet in front of you at a time, but you keep moving. Slowly, but surely you end up getting to where you’re supposed to be going.

Example: Geoff joined the Foundation and began working on his SaaS idea extraction for The Foundation until he realized that Saas was not for him. He was more passionate about his podcast so he he pivoted his focus towards that path.


Show Links:

Listen to The Mentee, podcast

Download 7 Easy Steps to Meet the Top 7 People in Your Industry,

Direct download: Episode_161_-_Geoff_Woods__Ryan_Twedt.mp3
Category:general -- posted at: 4:00am CST