Chapter
Starting a Business Without a Clear Plan
50:32 - 57:58 (07:26)
The speaker shares their experience of starting a business without a clear business idea, plan, or numbers, and how they carried on by looking for deals and partners after facing a loss.
Clips
The speaker reflects on their experience of starting a business without a clear plan and how they relied on gut instinct to make decisions.
50:32 - 55:40 (05:07)
Entrepreneurship
Summary
The speaker reflects on their experience of starting a business without a clear plan and how they relied on gut instinct to make decisions.
ChapterStarting a Business Without a Clear Plan
Episode#528: Jimmy Wales, Founder of Wikipedia, on Homeschooling, Atheism, Understanding Financial Markets, Ayn Rand, Favorite Books, and More
PodcastThe Tim Ferriss Show
The speaker discusses the difficulty of deciding between working on a profitable project versus a passion project, and the added responsibility of caring for employees.
55:40 - 57:58 (02:18)
Entrepreneurship
Summary
The speaker discusses the difficulty of deciding between working on a profitable project versus a passion project, and the added responsibility of caring for employees. Ultimately, it was difficult to see a way to make a lot of money from the profitable project and it was hard to let employees go, but there was not a drastic moment of giving up one project for another.