TBJA 236 How To Succeed In Business, Tim Fargo

How To Succeed In Business Tim Fargo, TBJApodcast 236
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“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

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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.

TimFargo_236_quote

How To Succeed In Business

  1. Learn to love problems and solve them for your customers.
  2. Stay in your niche; do it well.
  3. Be prepared to do it all.
  4. Don’t always try to reinvent the wheel.
  5. Remember in a successful business, when it needs to get done; you may have to be the one to do it.

Multimedia Resource

Social Jukebox

Podcast
Mixergy

Contact

Tim Fargo LinkedIn Profile

Twitter @AlphabetSuccess

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About The Author

Phoebe Chongchua

Phoebe Chongchua is a multimedia Brand Journalist, Brand Consultant & Marketing Strategist who is revolutionizing brand communication with consumers. She makes companies remarkable using brand journalism storytelling to grow their online presence, build a community, and gain greater market share. Phoebe is a former TV News journalist who helps brands gain a competitive advantage by learning to "Be the Media". Phoebe is the host of "The Brand Journalism Advantage" podcast and a "Top 50 Podcaster To Follow". Listen in iTunes or at ThinkLikeAJournalist.com

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