12: Ian Hoyt | Founding Partner of Wilbur

Linkedin: https://www.linkedin.com/in/ianhoyt
Twitter: https://twitter.com/ianhoyt
Business Website: wilbur.co
Facebook: https://www.facebook.com/IanDHoyt
Personal Website: http://ianhoyt.com
Blog: http://www.lifenomading.com/

March 20, 2016 28 mins Download (MP3)

#Timestamp

00:30 - Introduction
02:10 - Passion for Flying
05:10 - Why Aviation?
08:00 - Struggles and Obstacles He Overcame
10:35 - Biggest Failure
15:00 - Resources
17:45 - Life as an Entrepreneur
23:20 - Take Risks, Make Sacrifices, and Shut Up For A Year

Ian Hoyt and I have known each other for about 3 years now. Crazy to think, that we somewhat started at the same time. But what’s even crazier is how we met. We have a mutual appreciation and respect for Gary Vaynerchuk, who is by far one of the most charismatic and forward thinking marketing entrepreneurs in the world. The man can light up a room with his energy and communicates directly to his followers across multiple social media channels. The social network in particular that Gary was using, was Twitter.

There was a comment that was made by Ian, in which I responded. We both realized that being a young entrepreneur wasn’t common, and so we decided to exchange emails, numbers, and began following each other on social media platforms. We cultivated a great relationship and obviously continue to stay in contact to this day. It’s a true honor to have Ian on The Blind Entrepreneur, It just goes to show you how important networking is to survive in any business.

Ian went to Ohio University for a year but later decided to drop out. His reasoning was simple, he started a company that most entrepreneurs tend to begin their illustrious careers; a t-shirt and brand design company. The company itself was growing. So big he had contracts with distributors to resell his designs. and he decided to leave school because of it’s growth.

During his time in business, he found a lot about himself and also business in general. The distributors that he began using, were talking to him about things like profit margins and  “net 15”. In which Ian unfortunately (or fortunately) was not aware of. He kind of just sold t-shirts for cash, because he could!

With that lesson behind him, Ian then worked for a creative marketing agency and studied his butt off during his six months there! During his time at the marketing agency, he quickly realized that working for someone wasn’t for him. He was an entrepreneur at heart and couldn’t shale the entrepreneurial bug. A few months later, Ian started Wilbur, which is a digital marketing and branding agency mold his passion for marketing/branding and aviation. They focus on the AV industry, helming

You can learn Ian’s three lessons at the 23:20 minute mark. Be sure to listen to how Ian got into entrepreneurship. It’s a great listen.

 

Take Risks

Ian’s risk was his decision to drop out. That decision weighed a lot on him and it took time for him to make sure it was the right thing to do. Ian thinks that if you want to be successful and to move the needle, you need to take risks to separate yourself from the pack.

Make Sacrifices

There are so many things you want out of life, but you have to be able to prioritize them in order of importance. In order to make things happen, you need to make sacrifices on the things that don’t matter at that exact moment. By doing this, it will lead to the things that are in order of importance to happen first. If you want to be successful, you’re not going to get the nice house, or the nice car, right away, but you will if you work at it.

Shut Up For A Year

Entrepreneurship is the buzz word right now. A year ago, Ian was using the word entrepreneurship quite often. Ian suggests to go into hiding and work on your business, for a year or so. Go to work, get stuff done, and when you believe you’re ready or at least at a point of being comfortable, come out of hiding and tell the world about it.