Think Laterally & Buckle Down: David Chilton's Tips On Successful Startups
When you are first starting out, it's critical that you are thinking about your business and studying the industry relentlessly. Not only should you be thinking about what's happening in your industry, but Chilton suggests keeping an eye on other fields as well. "Think laterally," he explains, "[ask] what someone else is doing in a seemingly unrelated field that [you] can borrow from." Finally, keep in mind that you have to be willing to give your all to strategies that work—and swiftly abandon those that don't. It's about knowing what works and sticking to it. The solutions don't have to be fancy, either. Chilton says the most important thing is to decide what works and stick with it.
That's the same kind of advice he provides in his book and his keynotes. Financial planning, he explains, doesn't have to involve get-rich-quick schemes or elaborate strategies. Rather, he suggests sticking to the tried-and-true methods of saving and spending that have worked for years. Whether it's providing practical tips on balancing your checkbook, sifting through new entrepreneurial ventures on Dragons' Den, or sharing his valuable entrepreneurial insight, Chilton is relatable and entertaining on stage. He takes the boredom out of traditionally dry subjects, and injects some fun into the business and financial issues that impact us all.