PocketCoinage

Last Friday, I attended Dave Ramsey’s EntreLeadership One-Day Event Simulcast out in Collegeville, PA at the Valley Forge Baptist Temple.  EntreLeadership One-Day is an event where Dave teaches the techniques he uses to run his successful small business.  You learn everything from hiring and firing, to being an entrepreneurial  leader.  All the steps are there to help you change the way you run your small business.  Even thought I was watching remotely, he had us to interact with him using twitter and text messaging.

The simulcast was divided into five sections:

1. Entreleadership Defined
   
2. Dreams, Visions, and Goal Setting
3. Financial Peace for the Entreleader
4. Team Math — Adding and Subtracting
5. Making the Call

Entreleadership Defined
Dave had us define the character qualities of a leader and an entrepreneur.  We were able to come up with at least 10 words to describe each one.  We also discussed the basics of leadership and the types of leadership.

Dreams, Visions, and Goal Setting
Dreams, Visions, and Goal Setting discussed how dreams can turn into a reality when they become your vision.  Goals need to be set to reach your vision.  You can reach these goals by establishing priorities by dividing them into quadrants:

1. Urgent/Important
2. Urgent/Not Important
3. Not Urgent/Important
4. Not Urgent/Not Important

Dave also talked about the elements of a business plan.

Financial Peace for the Entreleader
Just like you need financial peace for your own home, a business also needs to be at peace with their finances.  Dave discussed budgeting a small business, busted some common myths about the use of debt, business lifestyle, saving, giving, and applying the financial peace principals within the business.

Team Math — Adding and Subtracting
I feel this is one of the best topics of the event.  Dave discussed working with your team members and how to bring the best people on board.  He uses a unique 12-step hiring process to make sure bad apples do not make it on his team!  He guides you on how to work with them when they fail, the steps to resolve failure, and if they are not the right fit; how to fire them.

Making the Call
An indecisive leader can paralyze any business.  There is one thing that causes indecision: fear.  Here he goes through the steps on how to make the decision and pull the trigger.

I really learned a lot from Dave’s EntreLeadership One-Day Event.  It also helped to reinforce many of the values I learned over the years to make sure that I am on the right track.  More than ever, I feel I can successfully start my own small business.

If you would like to attend one of Dave’s events, please check out his website at DaveRamsey.com.