How to Turn Your Passion and Grits Into Success

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Jim Markham grew up in New Mexico with an alcoholic mom. He went to barberschool at age 15 and made $1.50 a haircut, which was two months income for him before the airline ticket and hotel. After seeing someone he admired make more money than his own profession, he decided to take a chance on himself. John: Here's my Money making tip number one - learn from others who are doing what you're trying to do.

From the archive: This episode was originally recorded and published in 2020. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL's in these archive episodes are still relevant.

Jim Markham is an award-winning serial entrepreneur with an innovative mind and passion for his craft. He started as a barber charging $1.50 a haircut, and made the jump to salon owner, celebrity stylist and creator of a haircare empire that includes 5 brands including PureOlogy Serious Color Care (which he sold to L’Oreal in 2007 for $280 million) and his current venture, ColorProof Color Care Authority. Together his companies account for $1.2 billion in combined retail sales. Jim recently added author to his list of accomplishments, publishing his first book called Big Lucky – a hybrid memoir and entrepreneurial self-help guide designed to help spark your entrepreneurial fire.

Top 3 Value Bombs:

1. If someone you admire is making more money than you in the same profession, learn from them.

2. Think long-term. Ask yourself, what can you do today that will position you 5 to 10 years down the road.

3. Find your niche. What can you create that doesn’t exist yet?

Serial Entrepreneur Jim Markham's Secret Formula for Success! - Big Lucky

Sponsors:

BELAY: If you’re looking for highly vetted, US-based fractional virtual contractors, then check out BELAY! Learn how to reclaim your time and save 15 hours per week by mastering the powerful tool of delegation. Text FIRE to 55123 to get started!

HubSpot: HubSpot’s all-in-one CRM helps you automate tedious tasks, keep track of all your deals in one place, and make sure your whole team has access to the same data. Get started for free at HubSpot.com!