$10M+ Exit – Chip Conley, Joie de Vivre Hospitality

In this episode, Chip Conley shares his inspiring journey of starting a company from scratch and eventually exiting for $10 million. Discover how Chip transformed inner-city motels into the second-largest chain of boutique hotels and helped guide the Founders of AirBnB to create the world’s most valuable lodging brand.About Chip Conley:Rebel hospitality entrepreneur and New York Times bestselling author, Chip Conley disrupted his favorite industry… twice, first with Joie de Vivre Hospitality (JdV) where he transformed a small motel into one of America’s largest boutique hotel brands, and later as Airbnb’s Head of Global Hospitality and Strategy, playing a crucial role in shaping the company’s growth. Recognized as the “Most Innovative CEO” by the San Francisco Business Times and honored with the Pioneer Award in hospitality, he continues to make an impact as Airbnb’s Strategic Advisor for Hospitality and Leadership.Chip has authored several influential books including “Learning to Love Midlife“, “Wisdom at Work“, “Emotional Equations“, “PEAK“, “Marketing That Matters“, and “The Rebel Rules” providing valuable insights on personal growth, leadership, and marketing strategies. Through his writings, he inspires entrepreneurs to achieve success, find fulfillment, and embrace their individuality in the business world.For detailed reviews of these exceptional books, please visit: Marketing That Matters, Rebel Rules, Learning to Love Midlife, Peak, and Wisdom at Work (Book Reviews) Best Advice I Ever Received:Richard Branson, who wrote the Foreword for my first book, told me when he’s creating a new company, he always repeats the mantra, “I am the market, I am the market, I am the market” as a reminder that he wants to thrill himself as a customer.Best Advice I’d Give to Someone Who Wants to Build A $10m+ Business:Focus on a niche that you can own with clear differentiators.In this episode, Steve, Mary, Richard, and Chip discuss:How Chip got started in the hospitality business and getting investors to invest.How to handle an unstable market and shrinking revenue due to recession.Hiring and building the team you need to better manage your own time and your business’ growth.How hospitality has changed in current culture and what changes have occurred in businesses.Key Takeaways:Be a part of your market so you can always stay in tune with the desires of your clients and industry.Understanding investments will help you grow your business and flourish.Building a company that people want to work for makes a stronger team and smoother process.Balancing your consumer base is the key to growing your businesses.“People liked our company.” — Chip ConleyConnect with Chip Conley:Twitter: @ChipConleyFacebook: @chipconleyauthorWebsite: http://www.chipconley.comInstagram: @ChipConleyFollow Beyond 8 Figures:Website: Beyond8Figures.comTwitter: @beyond8figures Facebook: Beyond 8 FiguresInstagram:@b8fpodcastAffiliate Disclaimer: Some links in this episode are affiliate links. If you make a purchase through these links, we may earn a commission at no extra cost to you. Rest assured, we only promote products/services we believe will benefit your entrepreneurial journey. 

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