Kim Perell: 5 Execution Traits That Transform Ideas Into a $100M Business | Entrepreneurship | E374

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Hala Taha 0:00
Today's episode of Yap is sponsored in part by Indeed, Shopify, Quo, Revolve, Merit Beauty, Delete Me, Northwest, and Spectrum Business. Attract, interview, and hire all in one place with Indeed. Get a $75 sponsored job credit to boost your job's visibility at indeed.com slash profiting. Shopify is the global commerce platform that helps you grow your business. Start your $1 per month trial period at shopify.com slash profiting. Quo, formerly OpenPhone, is the number one business phone system. Get 20% off your first six months at quo.com slash profiting. Shop the latest trends from today's top brands with Revolve. Head to revolve.com slash profiting and take 15% off your first order with code profiting.
Hala Taha 0:43
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Hala Taha 1:22
As always, you can find all of our incredible deals in the show notes or at youngandprofiting.com slash deals. Hello, my young and profiters. I know most of us, if not all, have been in a situation where you open up your closet and you suddenly feel like you've got nothing to wear. That stress is real, especially if I've got a big speaking engagement or a major event and I need an outfit that makes me feel confident and great about myself. That's why I love Revolve. It's my go-to for every occasion, from weddings to work events to going out at night. I always wear Revolve. With over 1,200 brands and 100,000 styles, they've got everything from elevated basics to statement pieces. Plus they drop new arrivals daily and the curated edits make finding outfits easy and fun.
Hala Taha 2:08
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Kim Perell 2:39
I honestly never wanted to be an entrepreneur. So both my parents are entrepreneurs, and I thought, I'm gonna get a real job, and I'm just gonna work the corporate ladder. And I was so excited. I'm like, this is it. This is like job security. It's gonna be amazing. And then I was fired. Looking back, the worst thing that ever happened to me became the best thing that ever happened to me.
Hala Taha 2:59
Today, we're joined by Kim Farrell. She's a powerhouse serial entrepreneur who turned a $10,000 loan and a kitchen table idea into a $100 million empire.
Kim Perell 3:08
93% of self-made millionaires have mentors. And even if you have a job, you're five times more likely to be promoted if you have a mentor. It's the easiest thing to do to increase the chances of your success. And what's your advice to actually getting a mentor? I say three special words. So easy. Let's have... Everyone can have a good idea. I get fish ideas all the time. But taking that idea and making it a reality is so difficult.
Hala Taha 3:34
What are some of the things that entrepreneurs get wrong about execution?
Kim Perell 3:38
I've found that there's five key traits in order to master execution. And the first one is...
Hala Taha 3:57
Young and profiters, get ready for an episode packed with entrepreneurial gold. Today, we're joined by Kim Perel. She's a powerhouse serial entrepreneur who turned a $10,000 loan from her grandma and a kitchen table idea into a $100 million empire.

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