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Nov 2020
24m 56s

069: Bob Stein | Keys to Entrepreneurial...

Greg Rice
About this episode

If you are starting a business, you need to tune in to this episode. Today we have Bob Stein, Executive Director of the Institute for Entrepreneurial Excellence at the University of Pittsburgh. He has over 15 years of entrepreneurial experience, nationally recognized technology expertise, and visionary leadership serving business owners and entrepreneurs alike. Bob is known for creating a specialized information technology consultancy within the IEE and leading the department in helping dozens of member companies achieve multi-million dollar growth. 


Let’s dive in together and learn how to open the doors to success with Bob’s keys to entrepreneurial communication.


In this Episode:


[00:01 - 06:12] Opening Segment

  • I introduce and welcome Bob Stein
  • Activities and career 
  • Inclusion and diversity 
  • Bob gives us some background to his entrepreneurial journey 
  • Started business at a young age 
  • Online publication of Microsoft products at 14 
  • Bob talks about building his network
  • Authentic and genuine relationships 
  • Grow overtime 
  • Bring value
  • Examples 
  • Walking up to people 


[06:13 - 09:23] Increasing the 5 Key Metrics

  • Bob talks about his work with U Pitt
  • Education, consulting, and networking 
  • Economic development; 5 key metrics 
  • Working to help build businesses 
  • Bob gives an example of success through his work
  • Helping owners get PPP loans 
  • Working through the pandemic 
  • SPDC and IEE 
  • Part of a national network 
  • Resource 
  • Loans, marketing, hiring 


[09:24 - 13:18] Keys to Starting a Successful Business

  • Bob gives his insights into what makes an entrepreneur
  • High energy 
  • Risk takers 
  • Refuse to give up 
  • Typical pitfalls 
  • Thinking you know everything 
  • Unwilling to accept help 
  • The importance of networking 
  • Connecting with super networkers 
  • How to communicate with so many different stakeholders 
  • Finding the common theme 
  • Communicate your impact 
  • Follow up on your word 


[13:19 - 19:07] Entrepreneurial Communication

  • Bob shares his leadership style
  • Collaborative style 
  • Takes longer but bigger payoff 
  • Finding a good fit for your organization
  • Finding people who are skilled and fit the culture 
  • How to conduct your interviews 
  • Find the ones who are teachable 
  • A willingness to grow and change 
  • Making sure people connect with the topic and gain value 
  • Finding people who are interesting, affordable, and available
  • Speakers with real experience 
  • Bob talks about the importance of communication within innovation 
  • Diversity as a competitive advantage


[19:08 - 24:55] Closing Segment

  • The most impactful conversation of your life? 
  • With the senior leader in the university 
  • Insights on leadership 
  • People outside of your bubble 
  • One communication skill that you could have had?
  • Public Speaking 
  • The best communicator that you know? 
  • Bob talks about his colleagues 
  • Each has a different style of communication 
  • How to find Bob
  • Links below 
  • Final Words


Tweetable Quotes:

"I think the key is to have authentic and genuine relationships, don’t be a fake, be sincere in building your relationships. They grow overtime, it’s a natural progression.” - Bob Stein

“One thing I’ve always noticed with these business owners is that they’re high energy… if you’re not a high energy person, I question your ability to keep up with other entrepreneurs.” - Bob Stein

“Nothing really bad happens when you have conversations, so I try to have them more often than not.” - Bob Stein


Resources Mentioned: 




You can connect with Bob on LinkedIn or email rstein@innovation.pitt.edu. Be sure to check out https://entrepreneur.pitt.edu to learn more about his space.


You can connect with me on LinkedIn, Twitter, Instagram, and Facebook. Join The Communication Nation and learn from others in the community. Feel free to email me at gregrice79@yahoo.com, I’d love to hear from you!


Want more help with your digital marketing? Go to my website https://gregjrice.com/inflection/ and let’s have a conversation.


LEAVE A REVIEW + help someone who wants to expand their communication capacity by sharing this episode and listen to our previous episodes.

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