Dave Lukas Chats with Ken Burke
321: The Secrets to Prosper and Thrive as an Entrepreneur with Ken Burke
This week’s Misfit Entrepreneur is Ken Burke. Ken is a serial entrepreneur who built a massive enterprise software company and sold it for over $100 million. He then went on to create Entrepreneur NOW, a company that provides over 160 eLearning courses designed for entrepreneurs to help them start, grow and run their business. EntrepreneurNOW courses are also distributed all over the world on over 40 major eLearning sites.
Ken has been featured on the INC 500, been named Entrepreneur of the Year, and has authored multiple books, most recently the best-seller, Prosper, 5 Steps to Thriving in Business and Life.
Needless to say, Ken has a wealth of experience and knowledge on how to succeed as an entrepreneur, and I’ve brought him to squeeze every bit I can out of him.
Entrepreneurship is in Ken’s blood. It’s all he knows. It started 25 years ago when he started MarketLive and rode the E-commerce wave. It took 4-5 years before it took off, but they became one of the major players in enterprise e-commerce software. Ken learned a lot through the experience and honed his skills. As things grew, he had to go through the ups and downs of growing and scaling a large business. Sequoia Capital was their large investor and at one point, Ken had his “Steve Jobs” moment where he was replaced as CEO. He was moved to the chairman role and the new “more experienced” CEO was brought in. It was a miserable failure. Ken came back in after 4 years and built things back up and made it very successful selling on a high to a large software conglomerate.
He then started EntrepreneurNOW and is at it again and as he says, it having to learn a lot of things all over again. It’s never the same path.
At the 8 min mark, we talk about how it is different the second time around and just because he was successful once doesn’t mean the same things will work in the next venture.
Talk to us about the state of entrepreneurship as you see it…
At the 13 min mark, we discuss persistence and Ken’s thoughts.
Thoughts on the entrepreneur mindset?
Prosper: 5 Steps to Thriving in Business and Life. Can you take us through the 5 steps?
What should entrepreneurs know about how to prepare themselves and their business for a sale and what did you learn through your process?
Anything you have seen that has worked for you consistently in building businesses?
Best advice for an entrepreneur just starting out?
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