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Side Hustle School

#1763 - Failure Friday: “We failed to account for the ingredients to success…”

Side Hustle School

Chris Guillebeau

Side Hustle, Careers, Entrepreneurship, Entrepreneurship,, Small Business, Business

4.73.3K Ratings

🗓️ 29 October 2021

⏱️ ? minutes

🧾️ Download transcript

Summary

In this week’s Failure Friday segment, we hear from the co-founder of a business offering handmade goods from Nashville. The company’s early success leads him to believe he can replicate the model elsewhere. Spoiler: it doesn’t work!  

Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Twitter: @chrisguillebeau

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.


Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.com


If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 


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Transcript

Click on a timestamp to play from that location

0:00.0

Many of us are already planning our New Year's resolutions to work out more in 2023.

0:04.4

But let's face it, they rarely stick.

0:06.6

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0:08.6

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0:13.1

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0:17.3

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0:20.7

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0:25.6

Cannot be combined with other offers. See additional terms at 1Peloton.com.

0:34.9

Pride goes before a fall, or before a major business expansion.

0:40.3

I'm excited to bring you today's failure Friday segment. Welcome to Side Usel School. My name's

0:44.2

Chris Guilapoe. And failure Friday, of course, is a collection of short stories about mistakes,

0:48.8

missteps, disasters, and of course failure. Just like our throwback Thursday segment,

0:54.0

you hear directly from Side Uslers. Often they have struggled to get something off the ground.

0:58.5

Or in this case, it started really well, and then they made some assumptions.

1:02.3

You get to hear this short story of something that went very wrong, along with, of course,

1:05.9

what they learned.

1:07.3

And today's short story features Sam Davidson from Nashville, Tennessee.

1:11.1

We told the successful story of his business with two friends and co-founders on episode 1883,

1:17.0

boxing up the best of handmade Nashville.

1:19.0

But their early success led to overconfidence and a lot of wasted money. In fact, we could call

1:24.8

this episode how to lose the better part of several hundred thousand dollars.

1:28.8

All right, I'm going to let you hear the story from Sam. I'll come back at the end with some brief

...

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