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friends (also entrepreneurs) and business people needed video for a pitch or website or something. I said, “No,” but then thought, “Darn. I need the money.” So I did it. Then I decided to put out a new offer to the mailing list we had. On July 15, 2009, we put out this offer to 25 people. We got 20 people to sign up! I’m figuring out that you have to be flexible and focused at the same time.

when you come to a point where you have contributed all you can. Sometimes it’s just a mid-cycle crisis of the entrepreneurial life cycle and sometimes it’s true that you’ve come to the edge of where you can contribute to a company and you need others to do it. That’s part of the process, like with kids. You want them to go off to college and be successful in their own right. You can’t be doing their homework when they’re 21 and sit in the job

What is your number one piece of advice is for a college student who is interested in becoming an entrepreneur? Be active in organizations. Founding them is actually the best experience. You can also do little ventures. I have someone working in my company who is a collegiate entrepreneur. He ran one of the campus stores at his university. Also, do business plan competitions or pitches. The most valuable thing, really, is to execute on something. Create a sustainable business model and learn from mistakes you make- I’ve made a lot of mistakes too, one organization I ran into the ground because I didn’t pay attention to the finances. That taught me a really good lesson. If you want the life of having a secretary, personal assistant and a cushy limousine service to drive you home… Nah, don’t bother with entrepreneurship. Me? I know that I can make things work. So why shouldn’t I just try it? You have nothing to lose. If you’ve made the investment in good education nobody can take that from you. So give it a try. Just try it. You can always go get a job. What do you dream of now? What keeps you up at night? What keeps me up at night? (Laughs) Making this company work. We aren’t there yet. There are phases in entrepreneurship

interview with them. What do I want to be when I grow up? I want to help other entrepreneurs. That’s one of the things I really believe I can do. I accidentally founded an organization called the She-E-O’s, of 100 women. This is my hobby that I do from 11:30pm-midnight. If I can make some money off of what I do then I would like to be an angel investor in my next life, when I’m 50 or 60. That’s what I would like to do. It takes a lot of energy out of you to be an entrepreneur. I don’t know how many more companies I have in me. I really think that I can help others to create even more jobs and make the world a better place with entrepreneurship. It sounds kind of cheesy but I really believe it.

Collegiate Entreprenuers Magazine  

Simmons CEO interviewed local entreprenuers.