“If you’re talking, you aren’t working.” – Nathan Resnick
Let me guess, you have several lucrative — let alone mindblowing — business ideas that you’d like to turn into reality, don’t you?
If you answered with a “yes,” then you’re in for a treat!
Our interview with Nathan is packed with wisdom bombs and inspiring lessons that can help you grow your business to the next level or give you that extra push you need to start taking action towards achieving your dreams.
But before anything else…
Who is Nathan Resnick?
Nathan is the CEO of Sourcify. He helps budding entrepreneurs find the right suppliers from all around the world.
He has founded (or co-founded) 4 different businesses in the span of 5 years. Three of them are still doing great up to this day (Yes Man Watches, Cork Supply, and Sourcify).
Nathan is a constant voice on popular sites such as The Huffington Post, Entrepreneur Media, Social Media Today LLC, Business 2 Community, and Elite Daily (among others).
Without further ado, here’s my interview with Nathan.
How long have you been an entrepreneur? What were the challenges that you faced?
I’d say I’ve been an entrepreneur my whole life but didn’t officially start a real business until my sophomore year of college. When starting, I didn’t know “business” and surely didn’t know entrepreneurship. What I did know was that I had an idea and was going to do everything in my power to turn that into a business.
What was the lowest point in your life that motivated you to start your career?
I wouldn’t say it was the lowest point in my life, but what motivated me to become an entrepreneur was my previous 9-5 job. I was a sales intern making an endless amount of outbound cold calls. Though I soon became the employee with the highest converting outbound calls, I was building someone else’s dream and would rather spend that time creating mine.
What are the biggest lessons that you’ve learned as an entrepreneur?
One of the biggest lessons I’ve learned that I pass along to others is that if you’re talking, you aren’t working. What I mean by this is that you shouldn’t be double tasking when trying to get important work done. There will be time to talk, like when having a sales call, but when you’re trying to work hard, you shouldn’t be talking.
What do you do on a daily basis to grow as an entrepreneur?
As an entrepreneur I try to build my network daily. This can be through friends or even through a platform like LinkedIn. I feel one of the most valuable assets an entrepreneur has is their network. If you aren’t focused on building your network, you aren’t growing.
How did you make your first sale as an entrepreneur?
My first official sale as an entrepreneur with my first official business came through Kickstarter. This incredible platform, enabled me to crowdfund my startup and fund our first production run. Without the support of the community on Kickstarter, my first company Yes Man Watches wouldn’t have been brought to life.
What does Sourcify do?
Sourcify connects entrepreneurs to the world’s top manufacturers through our pre-vetted database of manufacturers. This enables entrepreneurs and businesses to easily turn an idea into an actual product, as we streamline their product life cycle.
What are some of the obstacles that you and Sourcify have faced?
Our main obstacle right now is building out of technology and finding the right manufacturing partners. On the tech side, we’re looking for the right team members to make this work. On the manufacturing side, it’s a matter of connecting with the right manufacturers in the industries we’re looking to cover.
Are there ideas, strategies, or questions that you’d like to share? Please add them in the comments section below. Cheers!