The desire to succeed as an entrepreneur can sometimes override ethics and work-life balance, leading to deception and unethical behavior towards investors and partners. The speaker shares their own experience with this struggle and reflects on the importance of maintaining integrity in business.
In this podcast episode, the speaker discusses how running a legitimate business can benefit entrepreneurs by allowing them to make more money and have a sense of accomplishment that comes with proving themselves to investors and friends.
An interesting analysis of market bottom and shares turnover was conducted by an individual taking into account the shares turnover of companies such as Microsoft, JP Morgan, and others during the downturns in the market, showing that it took about six times the total shares outstanding for them to go from top to bottom, while pointing out that several multiples with respect to volume need to trade before finding the true market bottom.
The speaker discusses the relationship between OCD and entrepreneurship, and how compulsive behaviors associated with OCD can drive individuals to create successful businesses.
Successful families and wealthy people know their strengths and are often motivated to give back philanthropically to something that matters to them. Greed among the wealthy is temporary as they eventually realize the importance of giving back and staying true to what they are good at.
The speaker believes that anyone who has taken life to the extreme, whether good or bad, has valuable lessons to share in entrepreneurship. They hope to inspire honest entrepreneurs who are scared to take the leap and try to make their brand succeed.