Kim Perell became a multimillionaire by age 30, influenced by her entrepreneurial parents. Growing up, she witnessed the stress and uncertainty entrepreneurship brought her family. Initially, she wanted a stable job, but losing her job due to a company bankruptcy forced her to reconsider her path. She learned that security is an illusion and the best bet is to invest in oneself. Eventually, she realized launching a business requires decisive action, akin to parenting; there will never be a perfect time to start. She advocates for normalizing discussions around failures.
When we sat down for dinner each night, my dad would ask about the worst part of our day, which always led to him talking about business troubles. He didn't ask about school or sports, but was always up for talking business, so we saw the difficult parts of entrepreneurship up close.
After about two years, the company I was working for went bankrupt. I was fired and broke. That was an important lesson: whether you're an entrepreneur or an employee, there's no such thing as certainty and security.
I made the mistake of waiting for the ideal time. I've since learned that launching a business is like becoming a parent: there's no perfect time. You've just got to jump in.
Sharing mistakes and normalizing failures should be encouraged. My dad's experiences taught me that it is essential to learn from setbacks.”
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