The Tim Ferriss Show

#486: Harley Finkelstein — Tactics and Strategies from Shopify, The Future of Retail, and More

52 snips
Dec 10, 2020
Harley Finkelstein, President of Shopify and a noted entrepreneur, shares insights on the transformative journey of e-commerce. He discusses the vital importance of resilience and mentorship in business. Plus, he delves into unconventional strategies like storytelling in fundraising and the connection between e-commerce and gaming brands. Finkelstein also highlights the role of coaching in fostering personal growth at Shopify and reflects on his meditation practice for managing anxiety. The episode is rich with practical tips for navigating today's retail landscape.
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ANECDOTE

T-Shirt Hustle

  • Harley Finkelstein's parents lost everything after 9/11, forcing him to find ways to pay for his tuition at McGill.
  • He started a t-shirt business supplying promotional apparel, leveraging Montreal's established apparel industry.
ADVICE

Building Moats and Law School

  • Build a moat around your business to create a competitive advantage.
  • Consider law school as "finishing school" for entrepreneurship to develop critical thinking and writing skills.
INSIGHT

Value of the Socratic Method

  • The Socratic method teaches you to think on your feet and prioritize information effectively.
  • Law school forces you to make quick decisions and to substantiate your arguments.
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