Change in Strategy and Successful Profitability

The speaker talks about shifting their original plan and promoting their COO to CEO to make the company profitable, which turned out successful. The chapter ends with an ad break featuring sponsors NetSuite, Fundrise, and TurboTax.

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In this week’s episode, Patrick Donley sits down with Sieva Kozinsky to do a deep dive into his entrepreneurial career and his journey to building his holding company, Enduring Ventures. You’ll learn about Sieva’s early adventures in entrepreneurship, the inspiration Berkshire Hathaway provided, the importance of partnering with the right people, and so much more!

Sieva Kozinsky is an entrepreneur and co-founder of Enduring Ventures, a long-term holding company dedicated to buying and building beautiful businesses and stewarding them with exceptional, values-driven leadership.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro.

02:07 - What it was like for his family living in Russia and immigrating to the U.S.

05:19 - How his family’s sacrifices have fueled his drive.

06:27 - How a course in entrepreneurship in college changed his career trajectory.

12:29 - How that first business hit a plateau and what his next steps were.

20:18 - What kind of advice he gives younger entrepreneurs just starting out.

23:05 - How joining a book club led to meeting Sam Parr and Tim Ferriss.

30:00 - What lessons he learned about Warren Buffett by reading Snowball.

30:19 - What he learned from Buffett’s one-time partner, Rick Guerin.

33:28 - How he met his co-founder and the importance of having the right partner.

53:12 - What Scribe Media does and why they acquired it.

58:07 - Why Sieva has decided to write his own book.

60:05 - How Twitter has changed the course of his career.

64:32 - Why understanding the strategy of the Patels is important and much more!.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Recommended book: The 4-Hour WorkWeek by Tim Ferriss.
Recommended book: Can’t Hurt Me by David Goggins.
Recommended book: The Almanack of Naval Ravikant by Eric Jorgenson.
Recommended book: Dhandho Investor by Mohnish Pabrai.
Check out Sieva’s website.
Related episode – MI306: Almanacks and Anthologies w/ Eric Jorgenson | YouTube video.
Check out the books mentioned in the podcast here.

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SPONSORS

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Connect with Patrick: Twitter

Connect with Sieva: Website | Twitter

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