Moonpig Founder: How I Built A $150 Million Business WITHOUT Sacrifice: Nick Jenkins | E97
- Sep 12, 2021
- 1:08:34
- Full Episode
This weeks episode entitled 'How I Built A $150 Million Business WITHOUT Sacrifice' topics:
0:00 Intro 02:29 Being an entrepreneur 09:50 Starting a business - Moon Pig 27:04 Stepping back from MoonPig and hiring people 31:07 Your personal sacrifice 34:21 Maintaining Focus 37:05 The importance of being able to communicate well 42:20 Dragons Den 45:55 Selling Moonpig 52:01 You seem very balanced 57:52 The next chapter of your life 01:01:45 What to do if you don't like your job? 01:03:06 Being happy with where you are
We’re going on tour! With such a great reception to The Diary Of a CEO live we’ve decided to take it around the U.K. Sign up here if you’re interested in coming - https://thediaryofaceolive.com/
Listen on: Apple podcast - https://podcasts.apple.com/gb/podcast/the-diary-of-a-ceo-by-steven-bartlett/id1291423644 Spotify - https://open.spotify.com/show/7iQXmUT7XGuZSzAMjoNWlX
FOLLOW ► Instagram: https://www.instagram.com/steven/ Twitter: https://twitter.com/SteveBartlettSC Linkedin: https://www.linkedin.com/in/steven-bartlett-56986834/
Sponsors: https://uk.huel.com/ https://www.fiverr.com/ceo
Brief Summary
Nick Jenkins discusses entrepreneurship, success, and the importance of balance in life and business.
Key points
- Redefining Success. Nick challenges the narrative that success requires tremendous sacrifice, offering a new perspective.
- The Struggle to Find Customers. Starting a business is tough, especially getting customers. The speaker reflects on the challenges faced from 2000 to 2005.
- The Power of Viral Marketing. The speaker discusses how the viral effect of customer referrals sustained the business through tough times.
- Personal Sacrifices for Success. The speaker shares personal financial sacrifices made while building the business, risking everything for its success.
- Focus on Product Quality. Emphasizing the importance of creating a great product as the foundation for business success.
- Hiring for Creative Genius. Discussing the balance of hiring creative individuals who may lack organizational skills but bring unique ideas.
Episode highlights
- Redefining SuccessNick challenges the narrative that success requires tremendous sacrifice, offering a new perspective.“There is no such thing as a born entrepreneur.”1:55Sep 12, 2021
- The Struggle to Find CustomersStarting a business is tough, especially getting customers. The speaker reflects on the challenges faced from 2000 to 2005.“Getting customers is probably the single most difficult thing about setting up any online business.”16:20Sep 12, 2021
- The Power of Viral MarketingThe speaker discusses how the viral effect of customer referrals sustained the business through tough times.“The viral effect was the thing that kept us going for five years.”17:42Sep 12, 2021
- Personal Sacrifices for SuccessThe speaker shares personal financial sacrifices made while building the business, risking everything for its success.“I was pretty much down to zero.”18:50Sep 12, 2021
- Focus on Product QualityEmphasizing the importance of creating a great product as the foundation for business success.“Focus on the product and everything else follows.”22:55Sep 12, 2021
- Hiring for Creative GeniusDiscussing the balance of hiring creative individuals who may lack organizational skills but bring unique ideas.“Creative genius always comes at a price.”29:28Sep 12, 2021
- The Importance of FocusEntrepreneurs often spread themselves too thin across multiple startups, risking failure.“If you’re giving 30, you’re already setting yourself up to fail.”35:14Sep 12, 2021
- The Shift in EntrepreneurshipYoung people today are more inclined to start businesses with fewer barriers than ever before.“More young people want to be entrepreneurs than ever before.”43:55Sep 12, 2021
