Shopify President: How To Become A Millionaire For The Price Of A Starbucks Coffee! E245
- May 8, 2023
- 1:50:20
- Full Episode
In this new episode Steven sits down with the Canadian entrepreneur and president of Shopify Harley Finkelstein.
Topics: 0:00 Intro 02:05 Who are you & what mission are you on? 04:03 Why don’t people do the work they want to do? 07:41 What role does passion play in entrepreneurship? 14:21 How to have a good relationship with failure 25:00 The one thing that will make you a great entrepreneur 40:13 The start of Shopify 41:52 Should people be worrying about competing businesses? 50:50 The importance of resilience 54:13 Creating the perfect company culture 01:00:31 How to find the perfect mentor 01:05:51 What companies would you invest in today? 01:11:51 What are you good at? 01:17:40 What’s been your hardest time at Shopify? 01:28:27 Remote working 01:36:10 Something you’ve never said before 01:40:52 The last guest’s question
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Brief Summary
Harley Finkelstein discusses entrepreneurship, resilience, and the low cost of starting a business today.
Key points
- Kylie Jenner and Entrepreneurship. Harley Finkelstein discusses the perception of entrepreneurship and its accessibility.
- Failure as Discovery. Reframing failure as a learning opportunity in entrepreneurship.
- The Value of Craft. You don't need to be a manager to be successful; mastering your craft is enough.
- Entrepreneurship as a Hobby. Starting a business can begin as a hobby without the pressure of success.
- Accidental Success Stories. Many successful Shopify businesses began as simple ideas without extensive planning.
- Building Resilience. Resiliency can be cultivated through experience and practice, not just innate ability.
Episode highlights
- Kylie Jenner and EntrepreneurshipHarley Finkelstein discusses the perception of entrepreneurship and its accessibility.“It's less than a couple Starbucks coffees to go start a business today.”0:41May 8, 2023
- Failure as DiscoveryReframing failure as a learning opportunity in entrepreneurship.“Failure is the discovery of something that didn't work.”15:22May 8, 2023
- The Value of CraftYou don't need to be a manager to be successful; mastering your craft is enough.“Not everyone needs to lead people.”20:53May 8, 2023
- Entrepreneurship as a HobbyStarting a business can begin as a hobby without the pressure of success.“Remove the expectation and just get going.”36:53May 8, 2023
- Accidental Success StoriesMany successful Shopify businesses began as simple ideas without extensive planning.“Most businesses on Shopify were accidental.”39:21May 8, 2023
- Building ResilienceResiliency can be cultivated through experience and practice, not just innate ability.“Resiliency can be taught; you're not born resilient.”51:20May 8, 2023
- The Cult Phase of CompaniesCompanies often start like cults, fostering a unique culture that drives initial success.“Companies often start like cults, then face growth challenges.”57:15May 8, 2023
- Investing in FoundersChoosing the right founders to invest in requires understanding their unique characteristics.“It's like asking me to choose my favorite child.”1:06:10May 8, 2023
