My Favourite Failure: 4 big failures which nearly cost me everything - Joel Gandara
Jan 3, 2024
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Joel Gandara, a successful entrepreneur turned retiree, discusses his journey through major business failures, investing in real estate during the 2008 crash, financial hardships, and the power of living below your means.
Startups should prioritize cybersecurity to address insider risk and protect their valuable assets.
Living well below your means and being smart with money can provide financial flexibility and open doors to future opportunities.
Deep dives
Importance of Insider Risk in Cybersecurity
The podcast emphasizes the importance of addressing insider risk in cybersecurity. It highlights the case of a disgruntled employee who was charmed by a state actor to steal a company's flagship software, resulting in significant financial losses. The podcast encourages startups to prioritize cybersecurity and offers resources like the secure innovation campaign to strengthen their cybersecurity measures.
Overcoming Early Challenges and Failures
The podcast shares the personal journey of entrepreneur Joel Gandara, who overcame early challenges and failures. Growing up surrounded by negative role models, Joel engaged in illegal activities before facing legal consequences. However, he eventually found success in his men's apparel business. Despite setbacks during the 2007-2008 economic crash and a backstabbing incident by a business partner, Joel persevered and started building his own brands, leading to his recent successful exit.
Living Well Below Your Means
Joel Gandara attributes his success to living well below his means. Despite losing everything in real estate investments, he saved money by living economically and had the financial flexibility to invest in his own brand. He emphasizes the wisdom of being smart with money and highlights the importance of saving and investing for future opportunities.
Joel Gandara sold his businesses a few months ago, is retired, doing what he enjoys - so he’s feeling pretty good about his life choices. But a few years ago, it was a very different story. It seemed more likely that Joel would find himself back where he’d begun - and Joel didn't have the easiest start to life.
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To get a better handle on your security, check out https://npsa.gov.uk/innovation and download their free Quick Start Guide.