Exponential Growth PodcastAuthor: Gabriel Murillo
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EG 20: Assisted Living Facilities Business- Blake Mathias PhD.
Friday, 14 October, 2016
Blake Mathias is a Professor, Entrepreneur, and Investor who started his entrepreneur path at a young age. He grew up in a family business, “Mathias Electric” in Illinois which over the years branched out to multiple businesses. With only 13 years old got expose to entrepreneurship. While in College He made the decision of becoming a College Professor and teaching entrepreneurship. Due to some family circumstances, Blake put his career on hold and took over the family businesses. As he ran them, he finished his PhD in Organizations & Strategy (Entrepreneurship) at the University of Tennessee and face a life-changing decision, either go back to Illinois or continue the path of being a professor, Blake at the time decided to focus on both but ultimately chose to be a professor and has being doing it since. What You’ll Learn From this Episode: Why become a Professor in entrepreneurship Importance of Podcasting as a tool helping entrepreneurs growth Blakes managing style in handling different businesses (the business strategy) Differences between running your own business versus the family business The sense of ownership for both owner and directors in a business Value of Directors and the decision-making process Success in failure: how the first time failed but lead to a strategy that created a successful market choosing process Being an owner and not an operator What is the most common phrase entrepreneurs say? (Take a guess!) Emotional tights of an entrepreneur and the business The Role of an investor: helping the business grow Let go and delegate! How successful entrepreneurs does it? (steps to accomplish it) The value of people telling you the truth. “Real feedback” Management of stress in an entrepreneur's life. Best and worst advice Blake ever got Teaching over Practice. Blake decision in teaching over practice and its rewards Financial pledge and Impact pledge Impact of Mentors in an entrepreneur's life Featured on the Show: Connect with Blake Mathias PhD. LinkedIn Assisted Living Facilities: Cedarhurst of Collinsville Villas of Hollybrook Some of Blake publications: Entrepreneurial Inception: The Role of Imprinting in Entrepreneurial Action Journal of Business Venturing. 2015 The Impact of Role Identities on Entrepreneurs’ Evaluation and Selection of Opportunities Journal of Management. 2014 Role With It: The Impact of Roles and Heuristics on Entrepreneurs' Evaluation of Opportunities Frontiers of Entrepreneurship Research, Babson College. 2012 Enjoy The Show? Don’t miss an episode, subscribe via iTunes, Stitcher or RSS. Leave us a review in Itunes Tweetables: “The more you get emotionally involved in your company, the more you limit its ability to grow. Stay out of the way and let it grow!” “Making more money is not worth sacrificing the things that are most valuable in life”