Episode #543
How Successful Entrepreneurs Think
January 25, 2018

In episode #543, Eric and Neil discuss what makes an entrepreneur tick. Tune in to hear how you can think like a successful entrepreneur. 

Time-Stamped Show Notes:

  • [00:27] Today’s Topic: How Successful Entrepreneurs Think
  • [00:42] When Jeff Bezos started Amazon, he was 30 years old.
  • [00:56] He was a stock trader before he quit to start Amazon.
  • [01:12] He started with selling books and branched out from there.
  • [02:00] People are always looking for profits, but he was unconcerned.
  • [02:22] Jeff Bezos was able to think in the long term, which helped him achieve success.
  • [03:06] All billionaire entrepreneurs are similar in that they are awkward, but believe they can do whatever they want.
  • [03:55] Elon Musk made a $170 million exit from PayPal, but he still had to live with a friend, because he bet it all on his next venture.
  • [05:02] The most common principle that you need to learn is that you’re going to make mistakes.
  • [05:14] Successful entrepreneurs learn from mistakes.
  • [06:52] If you can think like an entrepreneur, you’ll have a leg up on everyone else.
  • [07:23] That’s all for today!
  • [07:25] Go to Singlegrain.com/Giveway for a special edition of Crazy Egg, the heat mapping tool.

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