Tim Fargo is an award winning entrepreneur, angel investor and keynote speaker who wrote 2 bestselling books including Alphabet Success and Claimants, Lies and Videotapes. Most notably, he went from bankruptcy in 1991 to building the fastest growing insurance fraud investigation company in the U.S., which he later sold for a cool $20 million. Today Tim writes for several publications including The Los Angeles Times, Business Insurance and the St. Petersburg Times. Tim is the President of Hammerfest Corp.
Keep your eyes and your mind open to opportunities and when they present themselves… go for it. – Tim Fargo
Since Tim didn’t have a large pool of resources to draw from, he became creative in the postcards that he sent to his audience. He also used tradeshows as another opportunity for building their market. “When you’re small, you have to do something different to be heard”. Success Habit: Always keep moving even if you’re going slow keep moving.
Tim’s One Idea
Tim was in a similar business prior to launching his current business. He saw the opportunity as he shared his ideas to improve investigative processes with insurance agencies. Since they were not implementing his ideas, he decided to build his own business around it instead.
They were the first ones who put their investigative assignments online. Tim has an app that distributes tweets on Twitter to make it look organic. They currently have about 200 users now.
To connect with Tim Fargo:
Tim’s email addresses:
♦ In Alphabet Success = “JKL” = Just Keep Looking – keep looking for what clicks for your clients.
♦ Pay attention to how you can solve problems for your clients.
5 Moves To Start A New Business
If they were to start another business today, they would concentrate on these areas:
- Start slowly – you’ll get a chance to see what’s working.
- Pay attention to feedback and listen.
- Keep your overhead low.
- Stand out! It doesn’t matter what you’re doing – you have to stand out.
- Stay in the game – things will fail, stick with it, examine your failures and learn
Jungle Rules, How to be a Tiger in Business by John Imlay & Dennis Hamilton
Secret To Success
“Keep moving. If you don’t like problems, don’t go in the business game.”