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How I Built This is a compilation of the best tips and lessons that Guy Raz learned from interviewing the founders of the greatest businesses in the world on his podcast of the same name and teaches how to start a company and keep it running strong.
Sometimes, in the world of entrepreneurship, it seems like all it takes is hard work to get things off the ground. While you have to put in the effort, it’s not everything. If you don’t have a good idea, it’ll never take off.
But how do you find something worth investing your time and money into? Does it require a lightbulb moment or do you have to go out and find something? According to chef José Andrés, you have to start moving forward to get ideas to start coming.
And if you’re wondering whether it’s a good enough opportunity simply ask yourself if you believe it’s worth giving up everything you’re working on now to pursue.
And when you do take the leap, make sure you’ve got a parachute to keep you safe. For Daymond John, who founded FUBU, he had to be a waiter at Red Lobster for the first few years to get his dream going.
In the end, the unappealing job helped him keep afloat until he got a round of funding in the millions. But that was only after his mom put a classified ad in the New York Times. These humble decisions eventually let John fully commit to FUBU.
As you start your company you might get some money from your parents and a few friends. Maybe you even invest your life savings. But that still won’t be enough, unfortunately.
You don’t have enough cash to do this on your own, for one. And you probably also don’t have enough mentors, experience, or intelligence either. But don’t let that discourage you, all it takes is finding the right people and getting innovative.
It’ll be tough to get into whatever crowded marketplace you’ll be going for. But take a little bit of creative inspiration from Manoj Bharghava’s story of starting 5-hour Energy and you’ll be moving forward in no time.
When beginning his company, Bhargava ran into a brick wall trying to compete with Big Soda. He felt discouraged seeing their products all over the drink aisle.
Thinking creatively, though, Bhargava decided to make new two-ounce bottles of his energy drinks instead of the standard sizes everybody else was selling. It worked, and just half a year after launch he was selling 10,000 bottles each week.
Powerful connections are another way to get the word out about what you’re selling. Ultimately, though, as Mark Zuckerberg put it, “nothing influences people more than a recommendation from a trusted friend.”
To get that priceless word-of-mouth marketing going, simply make a fantastic product that people can’t help but talk about.
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Get the complete summary in the appKeep your eye out for great opportunities, but analyze the situation thoroughly before you jump into anything.
Position your brand creatively if you want to stand out.
You’ve got to let go of your pride if you want to be resilient when a crisis strikes.
"How I Built This" is a strong fit if you want practical ideas around business, career, entrepreneurship—especially themes like keep your eye out for great opportunities, but analyze the situation thoroughly before you jump into anything; position your brand creatively if you want to stand out. The MinuteRead summary distills these concepts into a focused read, whether you're deciding whether to buy the book or applying its lessons at work.
Guy Raz is an acclaimed radio and podcast personality and creator of the popular podcasts “How I Built This,” and “TED Radio Hour,” which have found a consistent home on the top charts. “How I Built This” is a podcast about the greatest innovators, entrepreneurs, and idealists, and the stories behind the move- ments they built. Guy is also the creator of NPR's first-ever podcast for kids, “Wow in the World” as well as Spotify’s “The Rewind” and Luminary’s “Wisdom From The Top.” His shows are hea…
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