The Diary Of A CEO with Steven Bartlett

Moment 30 - These Qualities Will Help You In Business: Tom Blomfield

Nov 4, 2021
Tom Blomfield, a serial entrepreneur renowned for founding Monzo, shares his insights on the qualities that fuel successful entrepreneurship. He emphasizes the power of a disruptive mindset and how naivety can drive innovation in traditional industries. Blomfield discusses balancing confidence with self-awareness, advocating for a fresh perspective in business. He explores the interplay between privilege, risk-taking, and embracing uncertainty as essential traits that empower entrepreneurs on their journey.
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ANECDOTE

Automated Jewelry Counting

  • Tom Blomfield optimized jewelry counting with an Excel script instead of doing it manually.
  • However, his employers rejected it because it reduced billable hours.
INSIGHT

Naivety, Arrogance, and Experience

  • Tom Blomfield attributes his success with Monzo to naivety, arrogance, and prior experience with GoCardless.
  • He believes that not knowing the potential hardships beforehand was crucial.
INSIGHT

Balancing Naivety and Self-Awareness

  • Steven Bartlett observes that successful founders possess a balance of naivety and self-awareness.
  • This allows them to be confident yet receptive to feedback.
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