Intentional Growth
#386: Co-Founder of MapQuest Chris Heivly on Why Building a Company is like Building a Fort
Jan 4, 2024
Chris Heivly, co-founder of MapQuest and seasoned entrepreneur, draws fascinating parallels between entrepreneurship and fort-building. He emphasizes the importance of adaptability, illustrating how shifting strategies can pave the path to success. Passion, he asserts, fuels persistence, making it essential for overcoming business hurdles. Furthermore, Heivly reflects on the profound lessons learned from both triumphs and setbacks in his journey, advocating for a mindset that embraces change and prioritizes clarity in communication for effective team dynamics.
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Quick takeaways
- Entrepreneurs must embrace adaptability to pivot and refine strategies based on market feedback and changing circumstances for long-term success.
- Genuine passion is essential for entrepreneurs, fueling persistence and innovation while helping them navigate the challenges of building their businesses.
Deep dives
Viewing Business as a Financial Asset
Business owners are encouraged to perceive their companies as financial assets, allowing for enhanced enjoyment of their work and the creation of wealth. This mindset facilitates intentional decision-making regarding growth, acquisition, reinvestment, or exit strategies. By adopting this perspective, entrepreneurs can focus on building a more valuable business that aligns with their life goals. This approach encourages a proactive rather than reactive stance in business operations, fostering a culture of ambition and long-term planning.
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