Bill Dorfman shares how to evolve from start-up to exit strategy

podcast Jan 15, 2020

Going from idea to start-up to exit can be a long journey but it doesn’t have to be stressful. Dr. Bill Dorfman a man of generosity, health and consistency shares his CEO journey. Dr. Dorfman also known as “America’s Dentist”, CEO/founder of the LEAP foundation and podcast, author and mentor shares his stress management journey from starting his business with a $5,000 credit card to selling his billion-dollar company years later. Learn his strategy for handling failure, what he defines as a life defining moment, and his strategy for getting the attention of high-profile people. Listen now.

 

Man's search for meaning over money may lead to the question, "What's the Meaning of Life?" https://www.presidentiallifestyle.com/meaning-quiz 

Whether you're asking that question or not yet, you'll benefit from knowing how close or far you are from creating a life of meaning.  

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Takeaways:       

 What is your idea of prosperity?

  • A state of wellbeing from whatever form that is for you.
  • Dorfman states that being prosperous for him was being able to provide for his family, friends and himself and when he reached a point where this was true for him, he felt prosperous.
  • Your idea of prosperity should be what suits your lifestyle in a way that would grant you success and comfort.

 What was your startup and what was it like?

  • Dorfman a dentist who has been in the practice of dentistry for 37 year states that the beginning of his start up seemed pretty normal - graduating from dental school at 24 he decided to become an applicant for a program in Switzerland with four hundred applicants.
  • On his journey to be accepted into this program he was very tenacious which led him to his “life defining moment”. Being persistent and hard work helped him get somewhere and become part of something he never imagined but was determined to withhold.
  • “Successful people will do the things that unsuccessful people are not willing to do.”
  • Dorfman boast that his acceptance into this program was much provided by diligence and being tenacious enough to constantly fight for his spot and demonstrate that he was worthy .
  • Because of this program, he was able to find and make different connections to people who helped him produce and develop life changing products and his career as a dentist
  • Name of episode for lips “life defining moment” in show notes**) 
  • Producing and developing your brand
  • Having a platform or a legacy serves no purpose if there are no efforts made for you to be able to give back and help those less fortunate
  • It is essential to learn how to develop long term money vs. short term so that you not only prosper but can obtain wealth in more than one platform
  • Dorfman prides himself on the development of his LEAP foundation which is a highly immersive week-long leadership program for high school and college students  held annually at the UCLA campus in Los Angeles, California. Each year, 400 students from over 40 countries around the globe travel to attend LEAP week, a full week dedicated to helping young adults uncover the “real-life” skills needed to achieve great success.
  • Out of 400 kids 60% are from poverty found homes, in which they bring in a numerous of great mentors to help guide or assist these youth into developing or understanding their passion or “brand”
  • Dorfman also created the LEAP Mentor podcast in which he uses the proceeds to help develop his LEAP Foundation, award scholarships and so much more
  • Tenacity is his secret sauce to success
  • “You never have to fail and it is because of your mindset.”
  • “If you do something and it does not work out the way you wanted it to it is not considered failure it is considered practice, you only fail when you quit and when you're tenacious you never quit.” 
  • Handling stress
  • Dorfman aids his success in being less stressful by delegating and allowing people to work with him so that he can succeed.
  • Hire people, let them do their job so that you can do your job

 

Best Business advice received or wish he would've gotten

  • The best advice he received was from his mentor Jeff Evans.
  • “What are you going to do, drill teeth your whole life?” This made Dr. Dorfman realize that it was more life.
  • Turning money into meaning is the essential goal of life, do something you love while making others learn to love it.

  

Episode Resources:

Episode 54:  http://presidentiallifestyle.com/blog/54

http://www.leapfoundation.com

https://www.billdorfmandds.com

Dr. Dorfman ‘s Instagram - @drbilldorfman 

Dr. Dorfman’s twitter - @drbilldorfman

Dr. Dorfmans’s Facebook - Dr. Bill Dorfman

 

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Call to Action:

Man's search for meaning over money may lead to the question, "What's the Meaning of Life?" https://www.presidentiallifestyle.com/meaning-quiz

Whether you're asking that question or not yet, you'll benefit from knowing how close or far you are from creating a life of meaning.  

Take the Life of Meaning quiz? Start here:

https://www.presidentiallifestyle.com/meaning-quiz  

At the end of the quiz give us your email and get access to a private message on how to better understand your life meaning, info on how to join the community, and even have a private conversation with me.

So go ahead go to https://www.presidentiallifestyle.com/meaning-quiz take the quiz and find out how close or far you are from creating a life of meaning.

 

Want to join our private club?

Go to http://joinpresidentialexperience.com to apply for membership.

 

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