Naveen Jain: The Business Mindset That Makes Money Follow You | Entrepreneurship | E406
episode
Young and Profiting (YAP) with Hala Taha: Entrepreneurship and Self-Improvement Podcast
1h 6m
2 speakers
8 chapters
transcribed 2 months ago
Transcript
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Transcript generated automatically by AI and may contain errors.
What is the main topic discussed in this episode?
Making money is a byproduct of doing things that actually improve people's lives.
Will chasing money truly make you rich?
If you can help a billion people live a better life, you can create a $100 billion company. And people who focus on making money rarely make money.
How do top entrepreneurs thrive by solving big problems?
In other words, making money is like having an orgasm. If you focus on it, you're never going to get it. You just have to learn to enjoy the process.
Most people ask, how do I make more money? But Naveen Jain asks, what problem is big enough to make wealth a byproduct?
What is the 'Why This, Why Now, Why Me' framework?
He's a serial entrepreneur who has built across internet infrastructure, space exploration, and precision health.
There are three questions you ask yourself when you're starting a company. Why this? If you are successful, would it help a million people, 10 million people, 100 million people live a better life? The second part of why now? The third thing really is probably the most important part in success for an entrepreneur, which is why me? And why me is what questions are you asking that are different from what everyone else in the industry is asking?
Why is it such an advantage to actually not be a part of the industry that you want to start a business in?
What is the outsider advantage in business?
The main reason is... Your personality is so bubbly, you're so positive. Help us understand as entrepreneurs how we can become more optimistic.
People pay attention to negativity. Every news starts with a murder. Rape here, riots here. They want negativity because that's what people pay attention to. So what I tell entrepreneurs is...
Naveen, welcome to Young and Profiting Podcast.
Thank you so much. I'm really looking forward to it.
Naveen, this is your third time on YAP. So we're going to skip the whole origin story. We did that the first time you came on. Episode 22, back when I was just a baby podcaster starting out, you came on and supported the show, which is a theme about you.
Why do the best salespeople never actually sell?
You love to support other people. Then you came on and you talked about Viome and health and how you're making illness optional. And today we're going to talk about how to be more counterintuitive, which is the perfect topic for entrepreneurs who are listening to Young and Profiting podcast. So first, I want to just cut straight to it.
How can you build a mindset of positivity?
Why is chasing money the worst way to try to become rich?
Well, I think, you know, making money is a byproduct of doing things that actually improve people's lives. And people who focus on making money rarely make money. I mean, there are exceptions here and there. But really, if you focus every single day when you wake up in the morning and say, what can I do to make my fellow humans' lives better? In whatever way you can. And if you can help a billion people's life better, you can create a $100 billion company. You can help a million people.
What traits define counterintuitive thinkers?
You can help 100 million people. But at the end of the day, the people whose lives are getting better become your loyal customers. And that is really where the sustainable enterprises get created. In other words, making money is like having an orgasm. If you focus on it, you're never going to get it. You just have to learn to enjoy the process.
I love that advice. It's so true. It's like if you help people and you solve problems, you're going to end up making money. So talk to us about why solving really big problems sometimes is easier than solving small ones.
Well, of course, Halam. If you think about it, when you are doing something that has the potential to change the way people are going to live their lives, potential to change the trajectory of how humanity is going to live, You attract best and the brightest because the best, the most successful people want to work on what I would call legacy making ideas, right? This is why, you know, if you look at the best entrepreneurs, why do they attract the best talent? Because they're focusing on doing things that can, you know, change everything that how we know that things are done. So you look at Elon, you look at Jeff, you look at any one of those guys, they're fundamentally changing what we thought was possible.
And they attract the best talent.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–0:06
2
Will chasing money truly make you rich?
0:06–0:16
3
How do top entrepreneurs thrive by solving big problems?
0:16–0:33
4
What is the 'Why This, Why Now, Why Me' framework?
0:33–1:14
5
What is the outsider advantage in business?
1:14–1:56
6
Why do the best salespeople never actually sell?
1:56–2:17
7
How can you build a mindset of positivity?
2:17–2:55
8
What traits define counterintuitive thinkers?
2:55–1:06:18
Speakers
2 identifiedMore from Young and Profiting (YAP) with Hala Taha: Entrepreneurship and Self-Improvement Podcast
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