Elevator Pitch is a regular feature on Lifehacker where we profile startups and new companies and pick their brains for entrepreneurial advice. Today: serial entrepreneur and BRW young rich-lister Nick Bell.
Current gig: I have multiple business interests across the world, which includes being cofounder of Appscore, Hosting Australia and SiteGuard.com. I recently sold the Australian division of my company, WME Group, which I started in 2008 with $400, to Melbourne IT for $39 million.
Location: Melbourne, Australia
Current mobile device: iOS 7 Plus
Current computer: I’m still a windows guy.
One word that best describes how you work: Urgency.
What apps/software/tools can't you live without?
Outlook and my mobile – everything else is secondary.
What social network do you find the most useful?
Facebook. Its where I get my best ideas from.
What were the most important lessons you learned while growing your business?
Hire well, fire quickly and build a strong culture.
What has been the most surprising part of your business journey?
The growth. I went into business to make $100k a year. Plus the lifelong relationships and opportunities I’ve made and been given.
What everyday thing are you better at than anyone else?
Absolutely nothing. I back my ability to build a business, I never think of failing. If you get the fundamentals right, service, product offering, marketing & great staff, the company will grow.
What's your sleep routine like?
Six hours and I’m ready
What advice would you offer to other businesses on how to succeed?
Cut out meetings, use your time effectively. Too much time is wasted on talk, rather than execution.