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The HeyCreator Show
Yong-Soo Chung: How to Build a Personal Holding Company
Nov 14, 2023
Yong-Soo Chung discusses building a personal holding company and turning hobbies into businesses. They explore leveraging skills and building a team, challenges of managing multiple projects, transitioning from operator to capital allocator, and the power of building trust and reputation.
56:07
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Quick takeaways
- A personal holdings company allows individuals to turn hobbies and interests into businesses, enabling them to pursue their passions.
- Transitioning from being an operator to a capital allocator is crucial for entrepreneurs building personal holdings companies, allowing them to focus on higher-level tasks and scale their businesses.
Deep dives
The Concept of a Personal Holdings Company
A personal holdings company is about turning hobbies and interests into projects and eventually businesses. It allows individuals to create multiple businesses based on their passions and spend their time doing what they love. The concept has evolved from the idea of lifestyle businesses, with advancements in technology and tools like AI and no-code platforms providing leverage and enabling individuals to build and manage multiple businesses concurrently.
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