Look into serial entrepreneur Jeff Hoffman’s toolkit of inspiration

September 15, 2016  |  Meghan LeVota

Jeff Hoffman

“What if you applied the skills of entrepreneurship to everything that you do?” serial entrepreneur Jeff Hoffman asked a crowd at Union Station on Thursday.

As Hoffman took the stage as Techweek Kansas City’s keynote speaker, he did just that. Applying the skill of “adaptability,” he decided to nix his slide deck and improvise.

A seasoned executive, Hoffman has served at several successful companies, including Priceline.com, uBid.com and ColorJar. He’s also a motivational speaker, published author, film producer and the producer of a 2015 Grammy-winning jazz album.

A jack of all trades, perhaps, but Hoffman is a master of one: self-determination.

“Every time I’d find myself on stage at the White House, or speaking to the United Nations, I’d ask myself — how did I get here?” Hoffman said. “And every time the answer was the same: I developed the skills of entrepreneurship.”

You don’t have to aspire to be the CEO of a tech company in order to identify as an “entrepreneur” Hoffman said. Entrepreneurship is much broader than that and can help anyone achieve their goals.

“I don’t know if it’s luck or just focus on creating the reality around me,” Hoffman said. “I think I’ve developed a set of skills or ‘toolbox’ called entrepreneurship. I started wondering, what else could you do with this toolkit? How else can you change a life?”

Here are some of the tools from Hoffman’s toolkit:

Envision a better future

A self proclaimed “dreamer,” Hoffman said one of the most important skills to have is to envision a future that is better than your current situation.

“I grew up in a small desert town in Arizona where nobody really wanted to do anything different, everyone was fine where they were,” Hoffman said. “That didn’t work for me. I didn’t like a future in which I could already see the next 20 years and what it looked like.”

Hoffman said as a young boy, he began to see a stark difference between the future he saw versus the one that he wanted. He knew that he couldn’t wait for change.

Use the power of self-determination

Once Hoffman began to envision a better future, he was able to design, create and own it. But, only with the help of self-determination.

Early on in his career, Hoffman realized he had many things to learn: how to craft a message; how to motivate people; how to manage people; how to budget; how to create products and how to understand markets. He learned each of these things step-by-step.

“If you really want to make the world a better place you unleash an army of entrepreneurs. Because you know what entrepreneurs do? They solve problems.” – Jeff Hoffman

“If you have struggles, start digging, because nobody does it for you,” Hoffman said. “But I realized that entrepreneurship is the shovel — the shovel you use to make a path toward a better future.”

Hoffman said that he’s never been motivated by money, and that wealth won’t necessarily help realize your dreams. He encouraged the audience to look within to drive themselves forward.

“Who’s to build the future of Kansas City?” Hoffman asked. “You. There is no ‘they.’”

Create significant impact

Hoffman said that the harder he worked, the more successful he became, thus increasing his power to solve more problems. He began to see the connection between his skills and how to use them to affect the world around him.

During a trip to Brazil, Hoffman came across a “grimy,” barb-wired church covered in locks. He sought safety and found an orphanage inside.

He sat down on the dirt, and met a 4-year-old girl who would forever change his life.

“The little girl came up to me, climbed on my lap and literally just put her arms on my chest and grabbed my shirt and clung to me,” Hoffman said. “She started talking, and she said to me, ‘I’m afraid every night. The bad men came into my house and killed my whole family, but they didn’t see me.’ This little girl started crying, and I started crying, and I thought ‘How will I ever sleep again?’”

After that moment, Hoffman said his mission became clear: He must teach others the tools of entrepreneurship. Going off of his earlier metaphor, he began to teach people how to use the “shovel.”

“If you really want to make the world a better place you unleash an army of entrepreneurs,” Hoffman said. “Because you know what entrepreneurs do? They solve problems.”

Say “yes”

In 2012, Hoffman decided to partake in a social experiment: Say yes to everything. Four years later, and he is still going strong.

“Mentorship is the single most important element determining whether or not an entrepreneur succeeds.” – Jeff Hoffman

Instead of going into his office every day, Hoffman now travels the world guiding people’s futures by equipping them with as many “shovels” as he can. Often times, he receives valuable lessons in return.

A 19-year-old boy in west Africa reached out to Hoffman with an idea for a company. In search of a better life, he went to a internet cafe each night after working in the fields and took online courses, watched TED talks and researched investor pitches. Hoffman was blown away by the boy’s self-determination.

After Hoffman decided to fund him, the boy is now a man who employs 350 people and does business in seven African nations.

“This is the story that can and should be repeated down the street from here,” Hoffman said. “People have the ideas that will create prosperity, if only we say ‘Yes’ and show them how to get there.”

Make meaningful connections

Hoffman said that saying yes has offered him the opportunity to make connections and mentor people all around the world.

“Mentorship is the single most important element determining whether or not an entrepreneur succeeds,” Hoffman said. “It takes me 30 seconds to write a check, but it takes much longer to successfully mentor someone.”

In order to build community, Hoffman said we need to make connections, share the entrepreneurial toolkit and showcase local heroes.

startland-tip-jar

TIP JAR

Did you enjoy this post? Show your support by becoming a member or buying us a coffee.

Tagged , ,
Featured Business
    Featured Founder

      2016 Startups to Watch

        stats here

        Related Posts on Startland News

        One issue cuts across all political lines: How it could be the antidote to a divided America

        By Tommy Felts | December 17, 2024

        Entrepreneurship is a way to unify the United States at a time with great political division, said Victor Hwang. “It’s an issue that cuts across party lines,” explained the founder and CEO of Right to Start. “And it’s something Americans really care about.” Hwang, previously an executive at the Ewing Marion Kauffman Foundation, recently published…

        Small biz makers worry Trump tariffs could be ‘recipe for recession’; Economists, farmers share concerns about trade war

        By Tommy Felts | December 17, 2024

        An enthusiastic smile spreads across Katie Mabry Van Dieren’s face as three small groups of new customers flow into her Brookside Plaza shop — a space filled as high as the Shop Local KC owner can reach with colorful, off-beat, and functional goods and gifts from Kansas City makers. “We smelled something wonderful from outside…

        Sustainable data center near downtown KCMO to help power capacity with $143M investment

        By Tommy Felts | December 16, 2024

        Kansas City is building on its reputation as a hub for partners looking to tap into a region rich with infrastructure built for the future, said Steven Anthony, announcing the grand opening of another major, sustainable data center in KCMO. Edged — a vertically integrated global platform of on-demand data centers with operations designed to…

        Potato Potatas grows the business of comfort food from the ground up (and in a pot pie)

        By Tommy Felts | December 16, 2024

        Two years ago, Trine’ce Brown took note of restaurant chains like Chipotle and Qdoba, and wondered why there wasn’t already a fast-casual potato bar concept. She decided to start her own — but taking small steps, first working out of a Northland kitchen commissary, the Culinary Center at the Mid-Continent Public Library, starting in May.…