Shawn Nelson

speaker

664 appearances 1 recordings 1 series first heard Feb 2025 last heard Feb 2025

Shawn Nelson’s voice in public audio — every appearance, attributed to the second.

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The Conscious Capitalists · How Shawn Nelson Built LoveSac by Thinking Differently · 3 Feb 2025 podcast

And so you have to keep everyone motivated, even as you've just done layoffs.

I mean, this is like the ugliest, nastiest, most difficult stuff that I think anyone can operate through in business terms.

And so that's happening.

while you bring in, let's say, an outside consultant to operate a CEO who has experience with reorgs, and you step aside and go do that.

And then you operate that way for a number of months or years in some form or fashion.

And you learn whether you chose to or whether it was thrust upon you to kind of escape that classic founder's trap that founders so often, including myself, slip into where it's kind of my way or the highway.

And I had some sort of vision that's driving me.

And you have to really just knuckle down

and build a business that can generate profits and survive.

And actually, during this time, kind of the darkest moment, I was talking to my parents, who were not business people, really.

I mean, they had some rental units, and my mom was a ballet teacher.

They were self-employed that way.

But kind of, I'd just say, average middle class people.

And I just said, look,

I have millions at stake.

I have people who hate me.

I've destroyed a lot of relationships.

I've caused a lot of financial hardship amongst our vendors and people like that that get damaged through a chapter 11.

What should I do?

And my mom, who's wise and fairly stoic, she sat and looked at me and was upset with me.

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