In Search Of Excellence Joe Mansueto: Founder Of Morningstar And Self-Made Billionaire | E79
Sep 19, 2023
Joe Mansueto, founder and former CEO of Morningstar, discusses his childhood, first entrepreneurial experience, the magic of boldness, the Christmas tree business, perseverance and passion in starting a company, and funding entrepreneurs. He shares valuable lessons on taking risks, managing inventory, and the importance of enjoying what you do. The podcast also touches on upbringing, overcoming fear, due diligence, customer satisfaction, and discovering Warren Buffett's investment journey.
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Dorm Soda Service Startup
- In college, Joe and his roommate opened a soda service in their dorm room to meet a need for convenient beverage access.
- They made about $500 a quarter with a self-service model, learning hands-on business skills and customer interaction.
Power of Boldness in Business
- Be bold and audacious in your entrepreneurial efforts; stepping beyond your comfort zone is essential for growth.
- Taking courageous steps, even if uncertain, often leads to rewarding outcomes and personal development.
Just Take the Swing
- Don't let fear stop you; if you don't try, you'll never succeed.
- It's better to ask for forgiveness than permission and embrace the learning from failure.