🗹 Entrepreneurship: Steve's jump into entrepreneurship was motivated by the lack of fulfillment in the corporate world and the encouragement of mentors, including the late Aubrey McClendon, founder of Chesapeake Energy.
🗹 Relationships and Word of Mouth: Steve attributes his success to building strong relationships and relying on word-of-mouth referrals. He believes that doing the right thing and genuinely helping people are crucial for long-term success.
🗹 Balance and Family: Steve emphasizes the importance of maintaining a balance between work and family. Success is not solely measured in financial terms but also in family, friendships, and faith.
🗹 Experience and Technology: Steve recognizes the astuteness of the younger generation with technology but emphasizes the value of one-on-one relationships and personal connections in business.
🗹 Advice for New Entrepreneurs: Steve advises new entrepreneurs to have a game plan for marketing themselves, learn time management skills, join industry associations, network, and become subject matter experts in their chosen niche.
Episode 118 Summary:
In this episode 118 of "Failing to Success", Steve Reese, founder of Reese Energy Consulting, shares his entrepreneurial journey and valuable insights. Steve's decision to venture into entrepreneurship was driven by a desire for more fulfillment and the encouragement of mentors like Aubrey McClendon. Building strong relationships, relying on word-of-mouth referrals, and doing the right thing have been key factors in his success. Steve stresses the importance of work-life balance and highlights the value of personal connections in business, even in the age of technology. His advice for new entrepreneurs includes having a marketing game plan, mastering time management, networking, and becoming a subject matter expert.
Steve Reese from Reese Energy Consulting: https://www.reeseenergyconsulting.com/
Chad Kaleky from Cosmic Design: https://www.cosmicdesign.io/
00:01:40 Client Management
00:03:52 Word of Mouth Power
00:04:28 Problems in Energy
00:06:37 Advice to New Entrepreneurs
00:09:04 Contact Steve
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