How to Start a Billion Dollar “Boring” Business (w/ Paul Orfalea)

Noah Kagan Presents

Noah Kagan

Entrepreneurship, Business

4.7 • 1K Ratings

🗓️ 10 November 2022

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Paul Orfalea is the legendary founder Kinko’s.

If you guys haven’t heard of Kinko’s before, it was a leading retail chain for people to use copying machines in the late 90s.

Paul ran the company for 30 years, and it was later acquired by FedEx for $2.4 billion dollars in 2004!

Paul is an AMAZING entrepreneur and also very humble.

In this episode, Paul shares the top life and business lessons he learned over the years.

Full show notes: https://okdork.com/podcast/273

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Transcript

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0:00.0	Every day of that business was out there, it was for sale.
0:02.4	Your business is an instrument that make you happy.
0:04.4	You own it, it doesn't own you.
0:06.0	Business people, they say they love their business.
0:08.9	Bull shit, you can enjoy your business.
0:11.2	Once you love it, you're losing your objectivity, and you can't enjoy your business. Once you love it, you're losing your objectivity.
0:14.0	And you can't let that business own you, you own it.
0:17.0	What is up, you sexy bastards. It is your boy, Mr. Steele your pennies,
0:22.0	aka Rabbi Can pennies, aka
0:23.2	Rabbi can't lose, aka no-Kagan. In today's episode I talked to Paul Orphilia,
0:27.4	the founder of Legendary Kinko's. Now if you haven't heard of Kinko's
0:30.9	before it was hugely popular. It was the place where you went to do copiers facts and more in the late 90s
0:35.6	Paul ran the company for over 30 years and at its peak Kinko had more than 1,000 locations worldwide
0:42.6	Kinko's eventually got acquired by FedEx for $2.4 billion.
0:47.2	Paul is an amazing entrepreneur and he's very humble and doesn't like talking about how much money
0:51.5	he makes. spoiler alert.
0:53.0	He's actually no longer even a billionaire because he donated a lot of his money to charities.
0:57.0	If you've ever wanted to learn life lessons and experience of an entrepreneur that has been in the game for so many years,
1:01.0	you are going to love this episode.
1:03.6	In this conversation you'll enjoy three gigantic things.
1:06.1	One, how is a business and an instrument to make you happy?
1:09.2	Two, how to live the best life in your 20s, 30s, and beyond?
	...

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