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Tom Bilyeu's Impact Theory

#028 Gerard Adams on Defining the Entrepreneur of Tomorrow

Tom Bilyeu's Impact Theory

Impact Theory

Education, News, News Commentary, Philosophy, Technology, Society & Culture, Business, Self-improvement

4.75.1K Ratings

🗓️ 27 June 2017

⏱️ 56 minutes

🧾️ Download transcript

Summary

Everyone thought that Gerard was going to fail when he dropped out of college. But what they didn't know is what he lacked in formal training, he made up for in street savvy and a deep understanding of people. He learned fast and worked his way up to becoming a self-made millionaire by the age 24. But when the economy crashed, he lost it all. In refusing to give up, he reimagined his life and career, finding a niche among the millennial community and creating a massive brand that reached over 80 million readers per month. And once his company Elite Daily was acquired for nearly $50 million, he reinvented himself yet again, discovering a passion for cultivating leadership with his social impact accelerator for entrepreneurs, Fownders. Meet the man known as The Millennial Mentor in this episode of Impact Theory with Tom Bilyeu. SHOW NOTES Gerard describes how he lost it all and how his mom encouraged an empowering mindset. [4:47] Gerard recalls the hard lessons he learned growing up and how he learned to switch gears. [7:50] Gerard addresses why he left college to pursue his true passion. [11:38] Tom and Gerard discuss the value of the ability to take risks as an entrepreneur. [15:48] Gerard talks about work ethic and what he believes are the qualities of a great leader. [20:25] Gerard reveals the self-talk he uses to performing under pressure and adversity. [24:55] Gerard revisits an encounter with Tony Robbins that inspired him to become the millennial mentor. [27:22] Tom and Gerard go deep on the magic of the Fownder’s community. [34:55] Gerard explains social currency and how to build winning teams. [41:04] Gerard spells out how he instills confidence in entrepreneurs by teaching them how to fail forward. [45:31] Gerard discloses how to find out who you truly are. [48:34] Gerard defines the impact that wants to have on the world. [51:43]] MENTIONED IN THIS EPISODE Tony Robbins - http://bit.ly/1XZ9F6L [27:20] Bob Caruso - http://bit.ly/2tgpKfg [27:52] Impact Republic - http://bit.ly/2sf0zLO [27:53] Social Currency - http://bit.ly/2tgdJq9 [43:00] FOLLOW GERARD INSTAGRAM: http://bit.ly/2sDOAIj TWITTER: http://bit.ly/2sCS7aG FACEBOOK: http://bit.ly/2seF4KT LINKEDIN: http://bit.ly/2sDPeFA WEBSITE: http://bit.ly/1O57JYA YOUTUBE: http://bit.ly/1VHrTvs SNAPCHAT: HelloGerard FOLLOW FOWNDERS INSTAGRAM: http://bit.ly/2rsOY8Z TWITTER: http://bit.ly/2tgvlCv FACEBOOK: http://bit.ly/2rJXdNh WEBSITE: http://bit.ly/2sM4QHB

Transcript

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0:00.0

You're listening to the Impact Theory Podcast, your source of empowering ideas and actionable techniques from the world's highest achievers.

0:08.0

Join host Tom Billio, serial entrepreneur and co-founder of the billion dollar brand Quest Nutrition, on a journey to unlock your potential and realize your vision of success.

0:19.0

Welcome to Impact Theory.

0:22.0

Everybody, welcome to Impact Theory.

0:26.0

You are here, my friends, because you believe that human potential is nearly limitless.

0:31.0

But you know that having potential is not the same as actually doing something with it.

0:35.0

So our goal with this show and company is to introduce you to the people and ideas that will help you actually execute on your dreams.

0:43.0

Alright, today's guest is a college dropout that everyone thought was going to fail.

0:47.0

But against the odds, he turned himself into a self-made multi-millionaire by the time he was 24.

0:56.0

Starting from humble beginnings, he learned fast and built an empire through an unending amount of grit and hustle.

1:02.0

What he lacked in formal training he made up for in street savvy and an understanding of people.

1:08.0

He created a huge online community around stock trading, made some heroic stock investments himself, was up 20 million dollars just from investing.

1:17.0

And simultaneously also built his own marketing agency into a monster that was doing 10 million dollars in annual revenue.

1:25.0

He had the penthouse in the sky, the Bentley's, the Ferraris, he was traveling the world in style, and then out of nowhere, it all came crashing down.

1:37.0

When the great recession hit, he lost it all, everything. But he did not sit in a corner and cry about it.

1:43.0

He checked his ego, put his head down, and shifted back into raw hustle mode.

1:47.0

But this time it wasn't about ego or the money, it was about impact.

1:51.0

And from the ashes, he and two co-founders in the grips of the recession, began building a new media company for millennials called Elite Daily.

2:01.0

They were committed to giving voice to a generation that up to that point really didn't have one.

2:05.0

And despite a mountain of hate being thrown their way by traditional media companies, they built an amazing company and culture, outworked everyone else, and established themselves as the dominant player in their demographic.

2:17.0

Building a massive brand that reached over 80 million readers per month.

2:24.0

In 2015, they were required for nearly $50 million by the Daily Mail.

...

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