What I've Learned From 60 Successful Entrepreneurs! | Summary and Q&A

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December 18, 2020
by
Simon Squibb
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What I've Learned From 60 Successful Entrepreneurs!

TL;DR

Learnings from interviewing 60 successful entrepreneurs emphasize the importance of attitude, purpose, empathy, personal stories, and leveraging weaknesses.

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Key Insights

  • 👔 Attitude, not formal education, is critical for entrepreneurial success.
  • ❓ Success is subjective and extends beyond financial achievements.
  • 😤 Empathy towards teams and customers is a common trait among successful entrepreneurs.
  • 🛟 Personal stories serve as a source of inspiration and motivation.
  • 🥺 Embracing and leveraging weaknesses can lead to innovative solutions.
  • 📶 Hiring experts in areas of weakness enables entrepreneurs to focus on their strengths.
  • ⌛ Time should be invested in personal growth and learning rather than selling time.

Transcript

what have i learned interviewing 60 of the world's most successful entrepreneurs in the last 12 months i've learned a lot and the best way for you to learn all that knowledge would be to go watch every single one of those podcasts i know you might not have time for that so let me just tell you some of the things i've picked up first of all initiall... Read More

Questions & Answers

Q: What role does attitude play in entrepreneurial success?

Attitude is considered more valuable than formal education by successful entrepreneurs, as it influences one's approach to challenges and opportunities. A positive and growth-oriented mindset is key.

Q: How do successful entrepreneurs define success?

The notion of success varies greatly among individuals, with none of the interviewed entrepreneurs associating it solely with money. Success was often measured by personal fulfillment, impact, and meaningful relationships.

Q: Why are personal stories important for entrepreneurs?

Personal stories provide purpose and motivation for entrepreneurs. They connect individuals to their work, making it more meaningful and enabling them to communicate their vision persuasively to others.

Q: How can weaknesses be turned into strengths?

Weaknesses can be transformed into strengths by finding alternative approaches. For example, leveraging dyslexia as an advantage, an entrepreneur interviewed sought diverse perspectives on books, leading to unique insights and academic success.

Summary & Key Takeaways

  • Attitude, not education, is crucial for success according to interviewed entrepreneurs.

  • Various definitions of success were provided, highlighting the importance of purpose beyond money.

  • Empathy towards team members and customers was a recurring theme among successful entrepreneurs.

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