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The Jordan B. Peterson Podcast cover image

396. Magna CEO on Turning Five Thousand Dollars Into One Billion | Frank Stronach

The Jordan B. Peterson Podcast

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Developing Problem Solving Skills and Taking Risks in Entrepreneurship

The speaker developed a wide range of skills and abilities through familiarizing themselves with various tools and precision parts manufacturing./nThe speaker became a proficient problem solver./nThe speaker had the idea to rent their own garage and start producing tools./nWhen selling their services, the speaker offered to solve problems for potential customers and only required payment if successful./nThe speaker's approach of identifying and solving customer problems proved to be an effective sales strategy./nThe speaker's ability in problem solving and their confidence in it developed over time./nThe speaker believed it was worth the risk to rent their first garage in order to pursue their vision./nThe speaker wants to share their experiences and believes that many others can achieve similar success if taught the basics.

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