#40: Chris Lee: My Story on "10 Minute Entrepreneur" With Sean Castrina
Next Level Pros
Chris Lee
5 • 1.4K Ratings
🗓️ 5 October 2023
⏱️ 15 minutes
🧾️ Download transcript
Summary
In this episode, host Chris Lee joins Sean Castrina on the 10 Minute Entrepreneur podcast. Chris shares insights and experiences from his entrepreneurial journey. Chris's path to entrepreneurship began with selling Cutco knives and doing door-to-door sales, where he realized the power of creating value and the importance of selling. Over time, he built two successful businesses that he exited for nine figures each, a remarkable achievement for any entrepreneur.
Joining Together, they discuss the secrets behind Chris's successful exits, emphasizing the significance of building a strong company culture, maintaining clean operations, and assembling an exceptional salesforce. They also touch on the importance of partnership and attracting the right talent to scale a business effectively.
As Chris reflects on his entrepreneurial journey, he shares his post-exit plans, including his involvement in consulting and helping other entrepreneurs reach their seven, eight, or even nine-figure exits. Chris believes that strategic thinking and identifying opportunities for growth are key to revitalizing businesses that may have plateaued.
Tune in to this episode to gain valuable insights from Chris Lee on entrepreneurship, sales, building a winning culture, and the exciting prospects of partnering with businesses to fuel their growth!
HIGHLIGHTS
“Both of my businesses were built with partners. Because I knew that I could run faster with incredible people than I could alone. And I've never met a billionaire that did it completely on his own."
"So, I'm very much a strategist, and I can identify, you know, issues and potential within businesses. And so really, the next step for me is partnering with businesses that are that are at a plateau that have been around for a while haven't experienced a lot of growth, maybe they're just been steady and coming in and given them a new fresh eyes, how to market and sell and scale and attract good talent."
"I'd rather have 50% of something growing than 100% of something dying."
TIMESTAMPS
00:00: Introduction
01:28: Exit Strategies
05:17: Scaling
07:31: Partnerships
11:53:Leadership Strategies
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Transcript
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| 0:00.0 | If you ever want to be an entrepreneur, if there's one thing you're getting from Chris and I right now, |
| 0:03.6 | go figure out how to sell. |
| 0:05.6 | Because there is no skill that you will use more. |
| 0:08.6 | And I'll hear, oh, about leadership, guess what? |
| 0:10.4 | If you can't sell, you ain't gonna be a leader, |
| 0:12.0 | because you ain't gonna recruit anybody to work for you. |
| 0:16.0 | I'm excited about today's interview. I have somebody who's exited two companies in |
| 0:19.7 | the last 18 months for nine figures. Yeah, that's nine figures. Probably a lot more than you're doing, |
| 0:24.6 | maybe even more than you're thinking. He's a founder of Solgen Power, pure light power. |
| 0:28.8 | He's the founder of the founder podcast. I have Chris Lee with me here today. |
| 0:32.1 | Chris, it's great to have you on the |
| 0:33.2 | podcast. Great to be here, appreciate it. All right, so you know, the it's a hard lift to |
| 0:39.0 | exit anything, you know, above seven figures. Heck, I'd say it's, you you know for a lot of people it's hard to exit a seven figure |
| 0:46.4 | Yeah, it is it's hard I think it's just hard to exit a business in general exactly. I was going to say so you so you've married two beauty queens according to this bio I just gave you. |
| 0:57.2 | So what do you think, I'm going to get into why you were an entrepreneur and all that, but when I introduce anybody who's exited because we do it is hard |
| 1:04.0 | to exit it's hard now I will say some businesses have high valuations right now and I |
| 1:09.2 | think it's going to come to bite some buyers in a rear ends but I'm not |
| 1:12.2 | going to go down that rabbit I'm not going to go down that rabbit, I'm not going to go down that rabbit hole right now. |
| 1:15.7 | So what do you think this, the secret was to your two exits, the type of business you had or was it you know there's a lot of reasons why people |
| 1:26.3 | want to buy a company what do you think the strength wasn't because you sold it |
| 1:29.5 | pretty you know pretty good good money and two of them you know within 18 months. |
| 1:35.2 | Yeah I mean I think two things one is building an extraordinary culture right for us |
... |
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