July 13, 2022

58. From Side Hustle to CEO of Foundr: The Future of Entrepreneurial Education with Nathan Chan

58 minutes

Welcome back to The Coachable Podcast. This week we are joined by Nathan Chan. Nathan went from a soul-crushing 9-5 job in IT to being the founder of one of the fastest growing online entrepreneurial brands in the world. Frustrated with the lack of REAL advice for those wanting to build and scale a business, Nathan launched Foundr in 2013 and set out to interview the world's greatest entrepreneurs. Flash forward, Foundr has now featured the likes of Richard Branson, Mark Cuban and Ariana Huffington, amassed a global community of 4+ million people, and grown into a multi-million dollar digital media network.

[5:00] Growth Mindset

“It takes taking the first step to actually get started and start to grow the momentum. “

“Fear of failure is a massive reason people don't try. I think it stems from this idea that how will you be perceived by others, around you.”

“A growth mindset of seeing failure as opportunity to learn and to get better and to perfect your craft and try something new. It doesn't mean that you're not qualified or cut out for it, but it's saying that every rejection is redirection”

[21:35] Keep hustling — it will come

“You have to have the drive and the desire that out ways, the desire for comfort or stability”

“I used to get up early in the morning before work and I would do interviews, I'd find a meeting room, take all my podcast equipment. And I'd do interviews before I started work.” Sometimes I do interviews on my lunch break and then I'd go home and do more work.”

“I remember I was super scared to go all out on my own. What I did was I had a buffer. Somewhere between three to six months.”

“It's easy to start. It's harder to actually build and actually to, to, to get that traction”

[30:00] What makes someone successful?

“It's really good to acknowledge that they're just human beings at the end of the day.”

“It has to be an extreme obsession to keep you going.”

“You have to have that mindset of just always wanting to evolve, always wanting to keep growing.”

“You also can't be successful on your own. Successful people also have other successful people around them.”

“Shortcuts — you want to get there faster”

[41:00] Burnout

“There's a cost and a payoff to everything.”

“Everything we're saying yes to, we're saying no to a million other things”

“Life is too short to not do things you love”

“Identify that things aren't right and adjust”

Connect with Nathan

https://www.instagram.com/nathanchan/

https://www.instagram.com/foundr/

Get a free magazine subscription at www.foundr.com/membership

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