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David Domzalski Discusses Starting FinancialBin.com and Publishing “Entrepreneur Intervention”

David Domzalski Discusses Starting FinancialBin.com and Publishing “Entrepreneur Intervention”

David Domzalski

A short authors bio :

I graduated from college in 2006 with $20,000 in student loans. I made a commitment to myself to pay off the debt from April 2009 through May 2010. When I finally accomplished that goal, I started the Financial Bin in July 2010 to allow others to learn from my situation. The Financial Bin strives to help others become financially self-reliant through personal finance and entrepreneurial education.

A book synopsis / Key Ideas:

Entrepreneur Intervention is a compilation of stories from 28 remarkable entrepreneurs and small business owners. In their own words, these individuals discuss the ups and downs they faced while starting and growing their businesses.

Why did you write this book?

The reason I produced this book under the Financial Bin brand was due to the fact that I wanted to help others learn how to become entrepreneurs. While there is a lot of information on entrepreneurship out there, I wanted to give people a solid resource that gave strong examples of what people can do with an idea and some determination. I think we are at a point economically where entrepreneurship is the only way we can create any wealth or jobs going forward and we need more people willing to take the plunge.

write a paragraph stating why readers should buy your book and what they will get out of it after reading it.

While reading Entrepreneur Intervention, you will learn about starting and growing a business from truly successful entrepreneurs. These individuals have faced some of the toughest challenges – from being unemployed to losing a loved one. Instead of accepting their circumstances, though, they changed the course of their lives with entrepreneurship.

Do you have a blog, what is the link, what do you talk about in your blog?

The website, FinancialBin.com, is set up as a blog. Our focus is on personal finance and entrepreneurship, with some world market, technology, and economic news mixed in.

Do you do speaking events? What are some common ones that you do on a regular basis? What do you talk about?

While I have not participated in any speaking events yet, I have been invited to speak at a few colleges for 2012 and will appear on the “Biz Talk With Josh Smith” radio program later this month. I plan to speak about how I paid off $20,000 in student loan debt, started the Financial Bin and produced Entrepreneur Intervention, and will give general advice about entrepreneurship.

Do you do your own marketing or PR? What is a good marketing / PR strategy for a budding author?

I have been doing my own marketing and PR. What has really worked for me thus far is simply putting myself out there. I constantly reach out to people through email and social media and tell them about the book. I offer them a portion of the book or send them a paperback copy if they are interested. It is a small price to pay to get your name in front of other people, especially those who could offer you help in promoting your work.

Do you tweet, facebook fan page, myspace friend or use any other social media to get the word out? (Please provide links)

I tweet, use my Facebook fan page, and use Linkedin to a degree. Here are the links to each page:

Twitter: http://twitter.com/FinancialBin, http://twitter.com/DavidDomzalski, and http://twitter.com/FinBinBaseball (This is our baseball news wire. I am a huge baseball fan).

Facebook: http://facebook.com/Domzalski and http://facebook.com/FinancialBin

Linkedin: http://www.linkedin.com/pub/david-domzalski/2b/561/888

What free online or offline tools do you use?

For social media, I use Facebook, Twitter, and Linkedin. For email, I use Google’s Gmail for Business. For PR/Marketing or to get a source for an article, I use Reporter Connection, Help A Reporter Out, and Radio Guest List. For my blog/website, I use WordPress (although I pay $5 per month for my web host). For podcasting, I use Blog Talk Radio. To publish Entrepreneur Intervention in paperback form, I used Create Space (they have both free options and paid options).

How many people are currently working, including employees (freelancers or independent contractors for specific projects)?

Right now, it is only my wife, Anna, and I. I have used independent contractors for the design of my website and for the book cover design. Anna will be conducting budgeting classes for the Financial Bin site starting in 2012.

What is the best advice you never got?

Be persistent.

Throughout my life, I would never finish anything. I would have my hand in many different things, but never succeeded really in any of them. It wasn’t until I decided to focus myself that I found out what I really wanted. Once I figured that out, it wasn’t about anything else but being committed to the goal and not letting anything get in the way.

What is the one thing that you did right?

For this question, I can’t name just one thing. I must name two. The first thing I did right was find God. He has helped me push forward as I continue to grow the Financial Bin. The second thing I did right was marry Anna. Without her support, I would not be giving this interview because I never would have had the confidence in myself to start the Financial Bin.

What was the biggest transition you had to make (i.e. new skill set, habits, abilities, focus)?

I had to reside myself to the fact that nobody was going to hand success to me. Whether this business succeeds or fails, it is ultimately up to me. I needed to learn the terminology for programming (I was an accounting major in college), I had to learn how to truly edit a 67,000-word document (they didn’t teach me that in my English minor courses), and I had to learn how to be professional despite my age. It can be intimidating working with people twice or three times your age, but it is always fun to show the passion I have for the Financial Bin and its message. That is something I believe transcends age or experience. Both will come in time, but being able to display a burning passion is something that is innate.

What book(s) have you read that you would recommend to others?

Well aside from Entrepreneur Intervention, of course, I would recommend the following:

  1. Rich Dad, Poor Dad by Robert Kiyosaki. This book really changed the way I look at money and business. It really challenged some of my beliefs in terms of accounting in general. I found myself coming to Kiyosaki’s side once I was through. I continue to follow his other work and encourage anybody to check out this book. It’s the one that started it all for me.
  2. Toilet Paper Entrepreneur by Mike Michalowicz. Mike’s book put me on the entrepreneurial track. This book gives you plenty of actionable information to get you started on any business endeavor. I had the privilege to speak with Mike a few times. He is a remarkable guy and will be coming out with a new book in 2012.
  3. Think & Grow Rich by Napoleon Hill. This book helped me realize that anybody could become wealthy. It also illustrated how, as an entrepreneur, you have to keep going! As I said before, be persistent. This book will help you understand why that message is so important.
  4. The Millionaire Fastlane by MJ DeMarco. MJ’s book solidified my belief that I was destined to go after financial freedom and become an entrepreneur. MJ tells you what you NEED to hear and not always what you WANT to hear. He is honest almost to a fault in this book, but you will certainly learn a great deal. I have also had the opportunity to speak with MJ. Another great guy and you can learn a lot at his Fastlane Forum.

 

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