JLDC 0089: Interview with Jim Beach – Starting Your Own Business

At age 25, Jim Beach started his own business with only $2,000, and within 7 years took it to $12MM. In this interview he gives some great insights into the best ways to start your own business.

Jim Beach - School for StartupsTopics discussed during this podcast include;

  • How Jim grew his first business from $2,000 to $12MM within just 7 years
  • What do you need to start a business today?
  • Do you have to be creative, risky and passionate to be an entrepreneur?
  • And much more!

You can play this session of the podcast here:

 

Here’s a timeline of the topics discussed during the podcast:

0:30 – Jim Beach short bio
1:45 – Jim’s upbringing, education and first career
3:30 – Why Jim decided to start his own business
5:00 – What was American Computer Experience? (Jim’s first business)
7:00 – How did you decide to start American Computer Experience?
8:00 – Is creativity important for entrepreneurs?
9:30 – The qualities of a successful entrepreneur
11:40 – Should you be passionate about your business?
16:00 – MBA class business startup bet
20:15 – How have you created multiple streams of income for yourself?
23:20 – When is the best time to start a business?
24:55 – How much capital is needed to start a business?
28:55 – Jim’s final thoughts

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