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Ryan Blair represents a good example of a life that made a 180-degree turn for the better. After his father had abandoned 13-year-old Blair and his mother, the boy turned to crime and gang life to get by. A special mentor, his stepfather, helped him change his life. Blair wrote of his journey in Nothing to Lose, Everything to Gain: How I went from Gang Member to Multimillionaire Entrepreneur. Home Business Magazine® recently spoke with Blair about entrepreneurship.
Home Business Magazine (HBM): What turned your life around?
Ryan Blair (RB): My mom started dating a guy who was exceptionally wealthy and worked from his own home as a real estate agent. I got to model after a guy who worked hard, play hard, and had integrity. He taught me a new way of life. I knew I’d never go back to the way I was. I did odds and ends for him. He was a self-made multi-millionaire. I spent my business career trying to “beat” him.
HBM: What is the key to finding a good mentor?
RB: I’ve had a number of mentors in life. Some have been short-term and others long-term. Some had traits I liked and some had ones I didn’t. They key is to understand the things you want from a mentor. You have to look at what you’re weak at. Find a model that you want to be like. If you want to be like Oprah and have a magazine, TV show and all the things she embodies, then she would be a good mentor to you. If you can’t provide her enough value, find the next best thing. There are guys I’d love to learn from, but they wouldn’t be a good fit for me, so I read their blogs and books. Steve Jobs is someone I’ve studied inside and out, and I’ve applied so many of his techniques and philosophies to my businesses. It’s a remote mentorship because I’ve never met him.
Secondly, offer value to that mentor. I get thousands of requests for mentorship, but they don’t offer anything in return, like filing, cleaning my house, or something. All too often, it’s “please mentor me; I need my shot.” But they don’t offer anything in return. All I want is mutual respect and appreciation. I want the same amount of time, value, and energy. Most fail to say what they’ll give to me as a mentor.
HBM: What was the most important lesson you learned from your stepfather?
RB: Honor your deals, even if you disagree or change your mind. I’ve watched him cut friendships off if someone else was not honoring his deal.
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HBM: One of the chapters of your book addresses cons of a home-based business. What is an example of one, and how can one avoid it?
RB: You don’t have a large place for camaraderie. I have a fairly large home, so at any given time, I have six to seven employees around my home. A lot of time [home business entrepreneurs] lack that energy from other people. They feel lonely at home. I remember thinking to myself that I missed the fun and excitement after leaving the corporate world to work at home. Seek camaraderie through networking. Schedule time for it; if you don’t, you’ll never make it.
HBM: You also discuss risks and sacrifices. What are a few that home business entrepreneurs should be willing to make?
RB: Until you have enough money accumulated, sacrifice luxury. Sacrifice TV, time out, and even time with your family and friends. I love my friends dearly but to have this book become a best seller, I have to sacrifice time with them. You have to sacrifice your ego and especially your comfort zone.
HBM: What are some of the big mistakes home business entrepreneurs make?
RB: They try to follow the rules in corporate America, like work from 8 to 5, and work Monday through Friday. But it may not allow you to schedule your down time. I rarely work before 10 a.m. I wake up at six, but I plan what I want to do and get in the gym. Then I can take action. Entrepreneurship is an addiction to being successful, not a job or career. You have to feed the addiction and recharge from it or you’ll burn out. HBM
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(Ryan Blair has founded and sold several companies. His third, ViSalus Sciences, took a nosedive during the recession of 2008, but he turned it around within a year and the firm grew by several thousand percent. He serves as CEO for ViSalus Sciences. Blair lives in Hollywood with his son, Reagan.)
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Ryan Blair represents a good example of a life that made a 180-degree turn for the better. After his father had abandoned 13-year-old Blair and his mother, the boy turned to crime and gang life to get by. A special mentor, his stepfather, helped him change his life. Blair wrote of his journey in Nothing to Lose, Everything to Gain: How I went from Gang Member to Multimillionaire Entrepreneur. Home Business Magazine® recently spoke with Blair about entrepreneurship.
