So Money with Farnoosh Torabi 1864: Mistakes That Can Lead to Millions and Why Failure Can Be the Best Business Plan
Aug 11, 2025
Kim Perell, an entrepreneur and angel investor, shares the wisdom she's gained from her journey to a $235 million company sale. She argues that mistakes are invaluable assets for growth. Kim discusses the freeing '70% rule' from the Marine Corps, battling perfectionism, and the myth of job security. Delving into the importance of personal relationships in business, she emphasizes that trust trumps transactions. With personal anecdotes, she inspires listeners to embrace failure as a vital step toward success.
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Start Before You Feel Ready
- Don't wait until you feel 100% ready before starting; imperfection is normal.
- Begin with what you have, learn on the job, and refine as real feedback arrives.
Burnout From Trying To Do It All
- Kim Perell tried to do everything alone until she burned out and 'broke.'
- She learned that people and a complementary team are the most important factors in success.
Stop Self-Rejecting — Say Yes More
- Say yes to opportunities even if you feel underqualified and stop self-rejecting.
- Let others decide; missing chances often comes from rejecting yourself first, Kim Perell warns.
