🗹 Entrepreneurship: Steve's jump into entrepreneurship was motivated by the lack of fulfillment in the corporate world and the encouragement of mentors, including the late Aubrey McClendon, founder of Chesapeake Energy.

🗹 Relationships and Word of Mouth: Steve attributes his success to building strong relationships and relying on word-of-mouth referrals. He believes that doing the right thing and genuinely helping people are crucial for long-term success.

🗹 Balance and Family: Steve emphasizes the importance of maintaining a balance between work and family. Success is not solely measured in financial terms but also in family, friendships, and faith.

🗹 Experience and Technology: Steve recognizes the astuteness of the younger generation with technology but emphasizes the value of one-on-one relationships and personal connections in business.

🗹 Advice for New Entrepreneurs: Steve advises new entrepreneurs to have a game plan for marketing themselves, learn time management skills, join industry associations, network, and become subject matter experts in their chosen niche.

Episode 118 Summary:

In this episode 118 of "Failing to Success", Steve Reese, founder of Reese Energy Consulting, shares his entrepreneurial journey and valuable insights. Steve's decision to venture into entrepreneurship was driven by a desire for more fulfillment and the encouragement of mentors like Aubrey McClendon. Building strong relationships, relying on word-of-mouth referrals, and doing the right thing have been key factors in his success. Steve stresses the importance of work-life balance and highlights the value of personal connections in business, even in the age of technology. His advice for new entrepreneurs includes having a marketing game plan, mastering time management, networking, and becoming a subject matter expert.

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Chapters:

00:00:00 Intro

00:01:40 Client Management

00:03:52 Word of Mouth Power

00:04:28 Problems in Energy

00:06:37 Advice to New Entrepreneurs

00:09:04 Contact Steve

entrepreneurship, business advice, relationship building, word of mouth, work-life balance, networking, time management, subject matter expert, energy consulting, startup tips, success tips, entrepreneurial journey, building strong relationships, marketing game plan, personal connections, technology and business, career advice, industry associations, new entrepreneurs, fulfillment in business, strategic networking, leadership skills, business growth, self-employment tips