Glen Wakeman: Training New Entrepreneurs How to Succeed

Starting a business can be a scary and trying time for new entrepreneurs. Wasted time, money, and business failure are among the fears of every business owner. That is why it is important to seek sound advice that will give one the ability to make the most out of their venture. That’s where Glen Wakeman comes in. Glen Wakeman is a successful entrepreneur known for his 20-year success as a nomadic worker at General Electric. Thanks to Glen, General Electric now has a multinational establishment that has close to $12 billion in assets. It also gives more than 17,000 people the ability to work and take care of their families. Glen Wakeman started Launchpad Holdings, which is a business that helps new entrepreneurs in the first stages of business start-up. It came about as Glen began to notice how many people would come to him asking for advice on how to start up their business. Each person wanted information on a different type of business. That is when Glen realized that he could make a positive difference in the lives of entrepreneurs by helping them manage their new business. Some of the industries Glen received questions on were retail shops, babysitting, and even roller coaster builders. Taking note of the patterns in their questions led to the creation of his business that reached more people. Launchpad is a software that leads patients to success through a series of questions. It helps entrepreneurs create a foundation for success in their business. It operates off of a five-step method. The first step is marketing. Marketing focuses on the ability to create a product that will benefit consumers. Next, there is the operational stage that focuses on the steps needed to accomplish the business’s goals. The third step engages business owners and their team members in analyzing their strengths and weaknesses so that they can use them to the best of their ability to make the company a success. The fourth step is understanding and planning financially. The final step is risk management. Understanding the risk is the most critical step as taking the wrong risks can cause the business to fail. Taking the right risks will cause the business to succeed.