“Ideas aren’t the problem, poor execution is,” says entrepreneur Tim Fargo. Learn his top tips on how to succeed in business. Find out how he sold a company he built for $20 million and what he’s up to now.
Tim Fargo is an American entrepreneur. He is the author of Alphabet Success. Fargo is best known for founding an insurance fraud investigative company, Omega Insurance Service, in 1996 that became the second biggest insurance fraud investigative company in the United States. It was acquired in 2003 for $20 million. He now runs the fastest growing, social media content management system, Social Jukebox.
Think Like A Journalist Quote
“Ideas are easy. Implementation is hard.” —Guy Kawasaki, Alltop co-founder and entrepreneur
Success Quote
Success is like sausage… you’d be surprised what goes into it. Tim Fargo
Career Highlight
Hear how Tim got into investigative business by accident. He started his own company at a time when there wasn’t a lot of competition but there was a great need for an investigative insurance fraud company. He later sold that company for $20 million.
When It Didn’t Work!
Tim shares a professional story that he hasn’t revealed to many. His company, Omega, faced a complaint and hefty financial liability after an audit. Tim thought this was the end of his business. He hired a labor lawyer and find out what this painful and stressful situation taught him about business.
How To Succeed In Business
- Learn to love problems and solve them for your customers.
- Stay in your niche; do it well.
- Be prepared to do it all.
- Don’t always try to reinvent the wheel.
- Remember in a successful business, when it needs to get done; you may have to be the one to do it.
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