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RadEO #59 | How an entrepreneur turned business failures into million-dollar exits

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Manage episode 495172490 series 1468991
Content provided by Entrepreneurs Organization South Africa. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Entrepreneurs Organization South Africa or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, Ross Drakes sits down with Igor Vainshtein, a serial entrepreneur who has started over 20 businesses, failed at most, had an exit, written books, and created a board game.

From losing 12 properties in three months at the age of 23 to building a golf simulator empire that was sold to the company that had called him a decade earlier, asking, "Why do you have our name? Who the hell are you?" Igor shares the raw reality of entrepreneurship.

This story is about getting punched in the face daily and coming back for more, bootstrapping versus capital raising, and why focusing on the problem you're solving matters more than chasing unicorn valuations.

Key Takeaways:

  • Focus on building revenue, not raising money - Sustainable businesses solve real problems that people pay for
  • Fall in love with the problem, not the solution - Find people who have the problem you're passionate about solving
  • Don't focus on outcomes, focus on being the best - The results will take care of themselves when you master your craft
  • Bootstrapping builds character - Constraints force creativity and sustainable growth
  • Entrepreneurship is getting punched in the face daily - Success comes from getting back up every time
  continue reading

61 episodes

Artwork
iconShare
 
Manage episode 495172490 series 1468991
Content provided by Entrepreneurs Organization South Africa. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Entrepreneurs Organization South Africa or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, Ross Drakes sits down with Igor Vainshtein, a serial entrepreneur who has started over 20 businesses, failed at most, had an exit, written books, and created a board game.

From losing 12 properties in three months at the age of 23 to building a golf simulator empire that was sold to the company that had called him a decade earlier, asking, "Why do you have our name? Who the hell are you?" Igor shares the raw reality of entrepreneurship.

This story is about getting punched in the face daily and coming back for more, bootstrapping versus capital raising, and why focusing on the problem you're solving matters more than chasing unicorn valuations.

Key Takeaways:

  • Focus on building revenue, not raising money - Sustainable businesses solve real problems that people pay for
  • Fall in love with the problem, not the solution - Find people who have the problem you're passionate about solving
  • Don't focus on outcomes, focus on being the best - The results will take care of themselves when you master your craft
  • Bootstrapping builds character - Constraints force creativity and sustainable growth
  • Entrepreneurship is getting punched in the face daily - Success comes from getting back up every time
  continue reading

61 episodes

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