#389: Building Billion-Dollar Dreams + Unveiling Entrepreneurship Insights with Dragons' Den Star Michele Romanow
ACTIVATE
Mimi Bouchard
4.4 • 953 Ratings
🗓️ 28 August 2023
⏱️ 70 minutes
🧾️ Download transcript
Summary
Dive into this insightful episode as Mimi sits down with Dragons' Den star and tech entrepreneur, Michele Romanow. This episode encapsulates the essence of entrepreneurship and the journey of building a multimillion-dollar business. At just 37 years old and having founded six companies before turning 35, including her billion-dollar venture Clearbanc (now ClearCo), Michele's story is one of tenacity and innovation. Join Mimi as she delves into various aspects of Michele's journey, starting with her unique position as the youngest Dragon on Dragons' Den and her perspective on being a "born entrepreneur." Learn about the inspirations behind Michele's ventures, including her father's influence, and how her upbringing set her on a path to success. The conversation navigates through the conception and growth of Clearbanc, exploring the inception of revolutionary ideas and how Michele recognized the need for her groundbreaking company. Gain insights into the intricacies of entrepreneurship, success, and personal growth, all while exploring the dynamics of work and love, discovering the lessons learned and the insights that drive Michele forward.
Topics:
- Exploring Michele's entrepreneurial background and introduction.
- Reflecting on the experience of being the youngest dragon on Dragons' Den.
- Understanding the challenges and experiences of being a young woman in the business world.
- Why Michele's entrepreneurial inspirations and early business influences such as family impact and upbringing shaping Michele's path to entrepreneurship.
- Navigating the strategies of entrepreneurship, diversification, and growth including decision-making in selecting the right entrepreneurial direction.
- Defining success and its predictors, its evolution, and its multifaceted nature over time.
- Navigating relationships in business and planning for potential challenges.
- Stepping down from CEO position, decision-making process, and outcomes.
- Tackling the issue of perfectionism, its impacts, and overcoming it.
- Incorporating AI technology in ClearCo's operations and its evolution, and envisioning the future of AI and its implications on various industries.
- Managing ventures that face challenges and don't achieve desired outcomes.
- Rapid-fire questions covering various entrepreneurial aspects.
- Michele's thoughts on economic predictions, recession, and financial challenges. Addressing economic concerns, debt crisis, and investment strategies.
Michele Romanow’s Links:
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Transcript
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| 0:00.0 | Self-Care isn't like having a bubble bath. |
| 0:04.0 | Self-care is like really investing in your own dreams |
| 0:08.0 | and forcing yourself to do that and taking the risk on that. |
| 0:12.0 | Like that is true, true, true self-care. |
| 0:15.2 | The best ideas work and people want them |
| 0:22.2 | when there's still lots of typos. |
| 0:24.0 | That's the best way I can describe it. |
| 0:25.7 | Every entrepreneur has to pitch, |
| 0:27.0 | every entrepreneur has to like massage their data |
| 0:29.6 | to look like the best version of themselves. |
| 0:31.8 | But when you look at your own data, sober as |
| 0:35.0 | fuck, are you like, this is really magical? Like someone's rejecting you at noon, |
| 0:40.9 | someone's telling you you're worth, you know, a billion dollars at |
| 0:44.0 | one o'clock, someone else is quitting in your company. Like you're in chaos all the time |
| 0:49.2 | when you build a high-growth company. And so there's like no like wow we did it it's like wow we have |
| 0:54.5 | big expectations now wow we have like work to do wow this is like a really cool |
| 0:58.8 | inflection point but like there's no like you can celebrate a little bit when you sell your company. |
| 1:07.0 | My name's Mimi Bouchard, founder of Superhuman, the transformational app that helps you become your future self, so that you can finally start attracting more joy, abundance, health, wealth, and love into your life. |
| 1:21.0 | And that's also my mission on this podcast. Meet people whose lives have been |
| 1:25.7 | transformed in big and small ways, but always for the better. They tell me how they did it, |
| 1:32.0 | so that you can too. |
| 1:35.0 | On this episode, everything you need to know about entrepreneurship and building a multi-million |
... |
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