The Diary Of A CEO with Steven Bartlett

Extended Moment: Guy Raz: Why 99% of Businesses Fail & This Secret Made Apple, Pixar, & Elon Musk Billions!

520 snips
Oct 11, 2024
Guy Raz, host of "How I Built This," shares his insights on entrepreneurship and the daunting challenges business owners face. He emphasizes resilience and self-belief as crucial for overcoming rejection, using inspiring stories from successful figures. The conversation explores luck's pivotal role in success and the strategic power of quitting at the right moment. Additionally, Raz discusses the importance of partnerships in both life and business, illustrating how emotional support can fuel entrepreneurial journeys. His reflections highlight that failure often paves the way for unexpected opportunities.
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INSIGHT

Founder Traits

  • Founders share common traits like curiosity and a fear of regret more than fear of failure.
  • They are driven by a desire to build and own something.
ANECDOTE

Jim Koch's Story

  • Jim Koch, founder of Samuel Adams, revolutionized the American beer industry.
  • He left a stable job to pursue his passion, driven by a fear of regret.
INSIGHT

Self-Belief vs. Self-Doubt

  • Self-doubt is common and healthy for entrepreneurs, but perseverance is key.
  • The ability to power through self-doubt separates successful entrepreneurs.
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