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    UG 001 – How to Start a Multi-Million Dollar Business From Scratch

    VCorp’s Seth Farbman talks about entrepreneurship, the importance of giving and how to hustle when starting your own company. Did you ever hear a story about the guy who was so dedicated to his idea that he slept on his couch to work through the night, growing his business into a multi-million dollar company? Well, Seth Farbman actually did that. While working as a lawyer, he came up with an idea for a company. After launching the company with a close friend, he literally slept on his couch to deliver twenty-four hour service to his clients. Years later he sold his company for many millions. I sat down with him to speak about how he took an idea and literally turned it into a multi-million dollar business.

    SHOW NOTES:

    • How Seth got started and his advice to others (1:57)
    • Entrepreneurial DNA (4:00)
    • “Not Every Great Idea Makes Money”(6:34)
    • Moving away From “ah-ha” moments to “ah-ha” years (14:57)
    • Achieving balance as an entrepreneur (18:20)
    • The traits to look for when hiring (25:30)
    • Knowing when to expand your business (29:15)
    • Seth’s secret for growing businesses: “ABG” (Always Be Giving) (34:33)
    • Focus on being great today (47:52)
    • Dealing with religious issues when running a company (53:27)

    RESOURCES:

    The Go Getter by Peter B. Kyne
    Delivering Happiness: A Path to Profits, Passion, and Purpose by Tony Hsieh
    The Boardroom Show – 021 (2-19-15) – Perils of Perfection
    PR Newswire to Acquire Fastest Growing EDGAR Filing Firm, Vintage Filings, LLC

    SETH’S BIO:
    Seth Farbman, Esq., Co-Chairman of Vcorp Services, also serves as President and Co-Chairman of Vintage Filings, an EDGAR filing firm which he co-founded with Shai Stern in 2002, and sold to PR Newswire in 2007. Under Messrs. Farbman’s and Stern’s leadership, Vintage Filings has grown to provide financial filing services to over 3,000 public companies, executives and law firms and is now ranked among the top five SEC Edgar filing firms in the nation. Mr. Farbman is also founding principal of Seth A. Farbman, P.C., a New York-based law firm that specializes in corporate securities matters as well as domestic and international venture-capital financing transactions. Throughout his career, Mr. Farbman has provided counsel to private equity funds, start-up companies, corporate executives and public companies. Until May 1999, Mr. Farbman served as a securities attorney with the New York Law Firm of Feder Kaszovitz et al., where he represented Nasdaq- listed companies and worked on public offerings underwritten by investment banking firms such as DLJ, Morgan Keegan and Advest.

    Mr. Farbman is a licensed attorney in New York and New Jersey and is currently a member of the American Bar Association and of the ABA’s Committee on the Federal Regulation of Securities. Mr. Farbman resides in Long Island, New York with his wife and children.

    Connect with Seth Farbman:
    Seth’s LinkedIn profile
    Vcorp

    Thank you for listening to Unlocking Greatness!
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    One thought on “UG 001 – How to Start a Multi-Million Dollar Business From Scratch

    1. Bing

      I enjoy what you guys are up too. This kind of clever work and reporting!
      Keep up the awesome works guys I’ve included you guys to our blogroll.

      Reply

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