JLDC 0089: Interview with Jim Beach – Starting Your Own Business

At age 25, Jim Beach started his own business with only $2,000, and within 7 years took it to $12MM. In this interview he gives some great insights into the best ways to start your own business. Topics discussed during this podcast include; How Jim grew his first business from $2,000 to $12MM within just 7 years What do you need to start a business today? Do you have to be creative, risky and passionate to be an entrepreneur? And much more! You can play this session of the podcast here: Your browser does not support the audio element.   Here's a timeline of the topics discussed during the podcast: 0:30 - Jim Beach short bio 1:45 - Jim's upbringing, education and first career 3:30 - Why Jim decided to start his own business 5:00 - What was American Computer Experience? (Jim's first business) 7:00 - How did you decide to start American Computer Experience? 8:00 - Is creativity important for entrepreneurs? 9:30 - The qualities of a successful entrepreneur 11:40 - Should you be passionate about your business? 16:00 - MBA class business startup bet 20:15 - How have you created multiple streams of income for yourself? 23:20 - When is the best time to start a business? 24:55 - How much capital is needed to start a business? 28:55 - Jim's final thoughts P.S. If you’re enjoying the podcast, it’s safe to assume there are others out there like you who would also enjoy the podcast. Help them find it. Click here to rate and review the podcast in iTunes. Those people will appreciate it, and you’ll feel great about yourself.