The UpFlip Podcast
151. How to Find the RIGHT Business Idea for You
Sep 2, 2024
Jeremy Lessaris, a serial entrepreneur with eight startups under his belt and co-founder of the AI tool Verifee, shares his insights on navigating the entrepreneurial landscape. He discusses how to identify profitable business opportunities and the vital balance between passion and profit. Jeremy emphasizes the importance of validating ideas, adapting to market feedback, and bootstrapping for success. He also offers advice on overcoming challenges and highlights the crucial role of family support in achieving entrepreneurial goals.
32:43
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Quick takeaways
- Recognizing market gaps is crucial for entrepreneurial success, guiding founders to launch diverse and impactful business ventures.
- Transitioning from a scarcity mindset to a mission-driven approach enables entrepreneurs to navigate challenges and learn from failures effectively.
Deep dives
The Journey of an Entrepreneur: Early Lessons
Starting an entrepreneurial journey at a young age, Jeremy Lasarius recalls his experience with a lemonade stand that generated over $7,000 in a summer at just six years old. This early venture was sparked by observing his father's business and trying to sell paper flowers to customers. After experimenting with different food items and even getting shut down by health authorities, he learned crucial lessons about compliance and the realities of running a business. This foundational experience imbued him with a survivalist mentality, which guided his entrepreneurial spirit in subsequent ventures.
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