Payal Kadakia: Take the Leap, Start a Business

The Chase Jarvis LIVE Show

Chase Jarvis

Celebrity, Art, Career, Creativity, Money, Entrepreneurship, Self-improvement, Education, Careers, Writing, Interview, Investment, Influencer, Business, Photography

4.8 • 641 Ratings

🗓️ 16 February 2022

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

Payal Kadakia studied operations research and economics at Massachusetts Institute of Technology, but she was always determined to keep dance in her life—both during her college years and her professional career. She was three years old when she fell in love with dance because it offered her a place to center herself, be creative, and be herself. The corporate world provided Payal with a safety net, but one day she decided it was time to build a business around her lifelong passion.

The result, ClassPass—a membership program offering access to an extensive network of wellness and fitness experiences—became a global sensation. The platform became the first unicorn of the decade, and Mindbody, one of the leading wellness technology platforms, acquired it in late 2021. Prior to the acquisition, ClassPass members had completed more than 100 million hours of training at 30,000 partner studios in over 30 countries.

“Founders who think in a creative mindset are the ones who are able to build these new blueprints for the world.” - Payal Kadakia

Here are some highlights from today’s episode:

[02:40] How ClassPass was born

[06:45] The importance of a creative mindset

[07:23] Is entrepreneurship an art or a science?

[11:30] A leap of faith

[14:00] Dealing realistically and responsibly with your life while pursuing your dreams

[20:00] Having a financial plan and calculating the risks

[21:40] Your greatest life is on the other side of your greatest fear

[24:00] What is a calling?

[28:30] Dealing with failure

[42:00] The more you execute, the more you believe in yourself

[54:45] What problem in the world are you solving?

[55:00] False signals of success

Enjoy!

Have a question?
Text me 1-206-309-5177 
Tweet me @chasejarvis

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Today's episode is brought to you by CreativeLive. CreativeLive is the world's largest hub for online creative education in photo/video, art/design, music/audio, craft/maker and the ability to make a living in any of those disciplines. They are high quality, highly curated classes taught by the world’s top experts -- Pulitzer, Oscar, Grammy Award winners, New York Times best selling authors and the best entrepreneurs of our times.

Transcript

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0:00.0	Hey everybody, what's up? It's Chase. Welcome to another episode of the Chase Jarvis Live show here on Creative Live, where I unleash the power of the brains of the smartest, most talented, hardworking, and creative people on the planet. The goal of helping you live your dreams. And our guest today is Pyle Kadakia. You are probably familiar with the insane
0:23.4	success of a company called Class Pass. Well, Pyle is not only a mother and artist, but she's also
0:29.7	the entrepreneur that started that company. Again, more than 30,000 partner studios across
0:35.7	30 countries and 100 million hours of workouts that you signed
0:40.8	up for in order to make her company come to life as one of the premier ways that anyone can
0:46.5	have access to boutique studios. This is a huge episode. Pyle comes from an Indian American background.
0:57.8	She was a consultant at Bain and then left that safe world, the safety net that our parents and our career counselors all told us to chase
1:03.2	to pursue her dreams. And in this episode, we talk about that leap. We talk about how when you
1:08.3	have a purpose, how the judgment and outside influence of
1:12.6	others, how it impacts you a lot less because you're doing the true thing that you're supposed to be
1:16.3	doing. We talked about why doing things that light you up will also impact other areas of your
1:22.4	life in the most positive and fruitful and beneficial way. And lastly, we cover things like
1:27.1	entrepreneurship and how
1:28.6	it looks like science from the outside, but how she knows, I know, and so many of the best
1:33.9	entrepreneurs in the world know that it's actually an art. I'm going to get out of the way and
1:37.9	let you enjoy this conversation between yours truly and Pyle Kadakia. Hey, before we get into the show,
1:42.9	I want to give a quick shout out to our sponsor, Creative
1:45.5	Live.
1:46.3	Creative Live is the best online platform for creative entrepreneur and freelance learning,
1:51.9	hands down.
1:53.2	If you're not familiar with it, a Creative Live subscription includes access to more than
1:56.6	2,000 classes in art, photography, filmmaking, design, business, entrepreneurship, and more.
	...

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