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Faith Driven Entrepreneur
Episode 230 - Gearing Up Auto Shops with Ashot Iskandarian
Dec 20, 2022
Ashot Iskandarian, founder of Shopmonkey, shares his journey from a tech startup's struggles to securing $75 million in funding. He discusses the grit required to scale his auto repair shop management software while balancing faith and ambition. Ashot highlights the 'Maintenance for Moms' initiative supporting single mothers and sheds light on the resilience of his Ukrainian team amid conflict. He also reflects on how wealth influences relationships and the importance of divine guidance in navigating entrepreneurial challenges.
38:55
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Quick takeaways
- Ashot Iskandarian emphasizes the importance of maintaining faith as one's identity in entrepreneurship to navigate financial struggles and personal challenges.
- The dual approach of ShopMonkey combines technological innovation with community support through initiatives like Maintenance for Moms, addressing both business efficiency and social responsibility.
Deep dives
The Importance of Identity in Entrepreneurship
Entrepreneurs must ensure their identity is rooted in faith rather than wealth, as financial success can lead to personal struggles. A key insight from the episode is that entrepreneurship, although often rewarding, can be a lonely journey, and having a solid foundation in one's faith helps navigate challenges. The speaker emphasizes that moments of loss and hardship, such as selling a successful company, can lead to profound personal reflection and growth. Recognizing that one is a 'winner or a learner' rather than a 'winner or loser' highlights the importance of maintaining a positive perspective in difficult times.
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