The Knowledge Project with Shane Parrish The Architecture of Scale: Building a $200m Business | David Segal
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Apr 16, 2024 
David Segal, founder of DAVIDsTEA and Firebelly Tea, shares his journey from a single store to a $200M business. He dives into the psychology of entrepreneurship, discussing the crucial balance between working in and on a business. Segal reflects on navigating failures, the evolution of the tea industry, and the importance of quality ingredients. He emphasizes the need for a mindful mindset, self-care, and how familial support shaped his entrepreneurial philosophy, all while advocating for personal fulfillment beyond financial success.
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Entrepreneurship as a Personal Journey
- Entrepreneurship is a personal journey disguised as a business pursuit.
- Managing your psychology and tolerating the lows are crucial.
Managing Entrepreneurial Psychology
- Manage your psychology through routines, rituals, mindfulness, and meditation.
- Take care of yourself, exercise, and appreciate life's good moments, especially on Fridays.
Yearly Progress Evaluation
- Measure progress annually to avoid short-term biases.
- Evaluate yearly if you progressed and avoid making major decisions during emotional lows.