How Successful Entrepreneurs Think | Ep. #543

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.