93: Nick Hughes | Founder of Founders LIVE

Nick Hughes is a successful entrepreneur with business achievements in e-commerce, social media, digital payments, and technology startups. He excels […]

August 7, 2017 39 Mins
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01:37 Imagine you just had the best day of your life. Where are you going, and what are you eating? I’m going to go to an amazing seafood restaurant and having a good salmon with a side of veggies.
02:26 Tell us about yourself. Who are you, and what is your story? I’ve been in the startup community for about 6 years now in Seattle. I also founded a company called Founder’s Live; it’s been growing ever since.
04:36 Why do you care so much about entrepreneurship? Well, it’s a livelihood for some people; if people choose to be an entrepreneur, they’re putting their all into the company. Therefore, I tend to take this seriously and show my support.
05:48 This entrepreneurial bug: Was it something you’ve always had, or is it something that’s new to you? I’ve always been creative, but it was really 10 years ago that it really started to show when I started to try and make it work. It’s always been a part of me, though.
06:50 What were some of the initial struggles that you’ve had in your entrepreneurship career? Also, what are some of the struggles that you’ve had when creating Founder’s Live? The main problem that I’ve seen founders undergo with their startup is that you don’t have a product/market fit. They tend to just keep pushing their good or service, without any traction or so. Most products are just showing an idea looking for a problem, instead of solving an existing one. As for Founder’s Live, my initial struggle was being patient.
09:46 Product/Market fit is one of the most difficult things a business can do. Could you speak to both sides of that – primarily the companies you advise, and determining the product/market fir for Founder’s Live? Firstly, when I advise founders, it’s all about doing a bit of experiment to test the success of their desired product/market fit. Secondly, I took a different angle for Founder’s Live; I used my networking event to test the fit; I found that it had a lot more demand than I initially thought.
14:50 Could you tell us more about Founder’s Live, and what it does? Founder’s Live is simply a community for founders and entrepreneurs all over the world to be able to inspire, educate and entertain through an online platform and local events.
15:30 How have you been bridging the gap between offline and online? Have you had any difficulties doing so? I tend to utilize social media, as well as a Founder’s Live community to facilitate networking.
20:11 How has the Influencer Marketing method worked for you? I believe that’s worked pretty well for Founder’s Live. What you want to do for your own product is find that niche set of people that are truly passionate about the industry, and building a community around it to encourage word-of-mouth.
22:12 Do you remember the point in time where this all started to really show traction? I would say that it started around January or February. This was when I made the decision to try and expand Founder’s Life to cities out of Seattle.
25:30 What are some habits that have made you become more efficient throughout your day? I tend to meditate first thing in the morning, then drink coffee and read. Next, get a workout in, then eat a quality meal.
30:08 Are there any technological resources that you use daily that you just can’t live without? I started using a system used Align. I also use Basecamp.
33:18 What are 3 pieces of advice that you could give to an entrepreneur that’s stuck in a rut? 1) Put in place a morning routine. 2) Get a coach to keep you accountable. 3) Don’t be afraid of trying new ideas to increase productivity. Experiment and don’t be afraid of failure.

Nick Hughes is a successful entrepreneur with business achievements in e-commerce, social media, digital payments, and technology startups. He excels at interpersonal leadership, communication, business and product development.

In addition to creating the entrepreneurial network Founders LIVE, Nick stays busy as an advisor to numerous startups and occasionally takes positions in sales or biz dev roles if needed. He is also cofounder of Callin’it, a cool new fan engagement and predictions app for sports fans. At his core Nick enjoys helping others discover their unique entrepreneurial path.