Kym and Jeff Hoffman discuss what it takes to start a successful business and give advice to entrepreneurs just starting theirs.

Kym calls up entrepreneur Jeff Hoffman and gets the advice that helped him become part of multiple companies including Priceline and uBid. In addition to sharing some techniques he uses for coming up with his next big idea, Jeff gives advice to multiple entrepreneurs just starting out on:

• He discusses the socialization aspect of travel with millennials with Josh Rasmussen from Zipkick.
• Mike from Exhibia asks about the possibility of Priceline auctioning off travel packages pay –per-bid style.
• The importance of the “go to market” strategy that helps appeal to investors. 
• He explains the slow then fast approach to expanding a business.
• Becoming dominant in a vertical before you expand.
• Sampriti from Hydroswarm asks about segmenting your investor types when a hard product takes time to complete.

 

To have your questions answered by Kym and her guests call 1-800-516-1220 on Thursdays from 2:00-3:00 p.m. (PDT)

 

Email your money question to [e-mail] , or call the show at 1-800-516-1220 from 2:00-3:00 p.m. (PDT)

 

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.NewFocusFinancial.com.