Business | Jim McKelvey | The Co-Founder of Square Who Shares Why You Don’t Have to Be a Genius to Become a Successful Entrepreneur
Thrivetime Show | Business School without the BS
Clay Clark
4.7 • 1.5K Ratings
🗓️ 9 May 2023
⏱️ 79 minutes
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Transcript
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| 0:00.0 | Thrive Nation on today's show, we're interviewing Jim McKelvie, the co-founder of Square, |
| 0:07.6 | who shares with us how he started Square and why you don't have to be a genius to become |
| 0:13.0 | the founder of a billion dollar company or a successful entrepreneur. |
| 0:18.2 | On today's show Jim McKelvie shares with us how you can get really good at something |
| 0:22.2 | real fast if you have to. |
| 0:24.4 | So I thought, oh well maybe if I make a lot of glass work I can sell it and then I immediately |
| 0:29.9 | realized that my work was terrible, but it's amazing how fast you can learn something |
| 0:35.6 | if you decide that that's your career. |
| 0:37.0 | So I woke up the next morning and I was like, you better get serious and learn how to |
| 0:40.2 | sell your stuff. |
| 0:41.7 | He shares with us how he came up with the idea to start Square. |
| 0:45.9 | And that in fact was one of the things behind Square because I was trying to sell one |
| 0:50.2 | of the silly glass bathroom faucets to a lady in Panama who only had an American Express |
| 0:55.3 | card which I don't take. |
| 0:56.9 | He shares with us his definition of the word entrepreneur and contrast that to the description |
| 1:03.3 | that the world has for what it means to be an entrepreneur. |
| 1:07.0 | So here's the way I use the word entrepreneur. |
| 1:09.6 | If you are doing something that has never been done before, if you are solving a problem |
| 1:14.3 | that is unsolved today, you're an entrepreneur and I will support you and applaud you and |
| 1:21.8 | pity you. |
| 1:24.2 | But that is a different process than starting a business. |
| 1:27.8 | Jim was once the boss of the founder of Twitter, Jack Dorsey. |
... |
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