Carol Roth: ...that I couldn't do anything, so I never felt there were limitations to my success

Nobody Told Me!

Entrepreneurship, Business

4.2 • 671 Ratings

🗓️ 5 October 2022

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Starting your own business is the topic as we talk with Carol Roth, a well-known advocate for entrepreneurship and small business. She's been an investment banker, business strategist and deal-maker, and is also the author of the best-selling book, "The Entrepreneur Equation". You can learn more about Carol on her website at https://www.carolroth.com.

Note: This episode was previously aired.

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Transcript

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0:00.0	Welcome to Nobody Told Me. I'm Jan Black. And I'm Laura Owens. Joining us on this episode is Carol
0:18.6	Roth, who's a well-known advocate for entrepreneurship and
0:22.0	small businesses. She's the creator of the Future File Legacy Planning System,
0:27.4	a billion-dollar dealmaker, best-selling author, and TV host. She's also the author of the
0:33.0	best-selling book, The Entrepreneur Equation. Carol, thank you so much for joining us. It is so fantastic to be here
0:40.2	with both of you. I'm really looking forward to this. Well, we're excited to talk with you and I wonder
0:44.5	if you could tell us more about your background, how you got to where you are today. Oh, goodness.
0:49.7	Well, that's a, that's a crazy sort of situation. I always go back and say that I had sort of no chance to be normal because I was born to a mom who was Martha Stewart-Crossed with Cher and a dad that was half mobster, half-Jewish grandmother. So I'm the normal one in the family, but there wasn't sort of a lot of normal things going on. Neither of my parents
1:13.1	graduated from college, so I ended up being the first person in my family to go to school
1:19.1	and got myself into Wharton undergrad, the top business undergraduate program in the country,
1:25.9	and went to my union electrician father and said,
1:29.4	you know, I'm going to the school and he was like, I have no idea how you're paying for it.
1:33.9	And I walked him through the whole thing.
1:36.8	Went to school, got my $40,000 in college debt, which today sounds like not a lot, but back in
1:42.9	1995 was about the equivalent of $120,000 today.
1:47.9	Sure.
1:48.2	And decided I had to pay that up quickly because that is one of the lessons.
1:53.6	And so I became an investment banker.
1:57.2	I kind of always felt like there were two options, either a consultant for the people who liked to deep dive into something and investment banking for those who had ADD.
2:06.2	And since I clearly had ADD and I could work on 12 deals at one time, that was going to be my route.
2:10.8	But I never really wanted to be the world best investment banker.
2:15.3	You kind of did that for the money and the financial stability and to create that
	...

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