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The Playbook With David Meltzer

The Mistakes That Make a Millionaire

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.61.9K Ratings

🗓️ 28 October 2025

⏱️ 18 minutes

🧾️ Download transcript

Summary

In today’s episode, I sit down with entrepreneur and author Kim Perell to talk about her book Mistakes That Made Me a Millionaire and the power of learning from failure. Kim built her first company from a $10,000 loan at her kitchen table and eventually sold it for $235 million, but she’s quick to say her real success came from her mistakes. We discuss why confidence must outweigh doubt, how waiting to feel “ready” can hold people back, and why choosing the right partners matters. Kim also shares how mentorship, generosity, and living by clear values create lasting success in business and life.

Transcript

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0:00.0

Welcome to Entrepreneurs the Playbook. I'm David Meltzer with one of my favorite entrepreneurs of all time.

0:06.5

She is an incredible mentor coach teacher, but also author. And her latest book is aligned with my brand.

0:14.5

Her book, Mistakes That Made Me a Millionaire, Aligned with Made From Mistakes, The Incredible, Kim Perel, what an honor it is to have you back

0:22.5

on the playbook.

0:23.1

I'm so happy to be here, my friend.

0:25.6

It's been too long.

0:26.3

Got to figure out some way to see you.

0:27.7

I know.

0:28.1

I watch all of your content.

0:29.7

I read all of your books.

0:31.4

And what I love about you is the authenticity, the essence of telling both sides of the story.

0:38.3

It's not just I'm made to be successful, everything is easy.

0:43.3

You really explain how the mistakes happen, why they happen,

0:47.3

take accountability for those mistakes.

0:50.3

Why do people have so much difficulty being vulnerable in helping other people by paying the dummy tax and being honest about paying the dummy tax?

1:01.1

Well, because usually, as you know, people want to talk about the wins.

1:04.6

You know, I sold my company for $235 million.

1:07.3

You don't want to talk about the struggles and the challenges and the, you know, the mistakes I made to actually get there, which was so many.

1:15.2

So I wanted to expose mistakes as you do in a whole new way.

1:19.7

So people are okay with sharing them because how are we going to learn or how are we going to grow if we don't talk about actually the challenges that really are what made us successful?

1:32.2

And you have done this more than once.

1:34.2

So we've talked about a $235 million exit.

...

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