Perfectly Mentored with Jason Portnoy EP151: Mitch Garber: From One Businessman To Another
No matter where you are in your career as a business owner, whether you’re just starting out or if you’ve been doing this for more than ten years, you can always benefit from the experience of someone who’s been through it all and found great individual success along the way.
Mitch Garber certainly fits the bill. He is a Canadian lawyer and business executive. Mitch is the former Co-Founder and CEO of Optimal Payments/Paysafe (NASDAQ), CEO of PartyGaming Plc/PartyBwin (LSE), and Caesars Acquisition Company/Playtika Ltd. (NASDAQ). He’s also a minority owner, executive committee member of the NHL Seattle Kraken, and an active investor, who co-invests with lead principals like Apollo, TPG, David Bonderman/Wildcat, and Fosun.
In this episode of the Perfectly Mentored Podcast, Mitch Garber takes us through his illustrious career. He’ll talk about all the valuable insights he’s learned through the years about growing a business and taking your career to the next level, so stay tuned!
Topics Covered:
- How did you get started as an entrepreneur? [1:38]
- Was it always a dream of yours to own a pro sports team? [4:06]
- What business lessons now come to fruition after owning a sports team? [5:43]
- What’s Mitch’s take on outsourcing? [7:40]
- What was your experience like on Dragon’s Den? [9:53]
- At what point does patience become delusion? [12:13]
- Do you think entrepreneurship is being romanticized too much? [14:30]
- Do you think that there are people who are not cut out to be business owners? [16:52]
- How important has the principle of compounding been to growing a business? [19:42]
- When is the right time to go for an opportunity and what do the signs look like? [22:28]
- Are some people too emotionally attached to their businesses? [26:08]
- Mitch’s thoughts on impostor syndrome and comparison in entrepreneurship. [29:37]
- What’s the best way to stand out? [31:48]
- How do you get into the right room with the right people? [34:07]
- What are your thoughts on investment strategies if you were to start now? [38:50]
- Has philanthropy always been important for you? How did you start becoming philanthropic? [42:35]
- What advice do you have for entrepreneurs whose time is divided, but still want to give their kids all these lessons for success? [47:49]
- How do you stay up-to-date on trends? [49:46]
- What’s one thing you regret from a business standpoint? [51:30]
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