When Kim Perell was fired, she had to fire all her friends on the same day. The company she thought would make her a millionaire had just gone bankrupt, leaving her with no income or backup plan. Instead of giving up, she took a $10,000 loan from her grandmother to start her first company from her kitchen table. That bet led to a $20 million exit and eventually, a $235 million company. In this episode, Kim joins Ilana to share how to turn setbacks and mistakes into million-dollar breakthroughs and how to overcome the limiting beliefs holding you back. She also reveals the four pillars that helped her achieve success without burning out.
Kim Perell is a 9x founder, 3x bestselling author, and investor in 100+ companies. Kim became a multi-millionaire by the time she was 30, and sold her last company for $235 million to Singtel, while simultaneously running multi-million-dollar companies.
In this episode, Ilana and Kim will discuss:
(00:00) Introduction
(04:08) Growing Up in the Shadow of Her Twin Sister
(07:07) Learning Risk and Failure from Entrepreneur Parents
(09:46) How Getting Fired Led to a Career Pivot
(13:31) Her Grandma’s Life-Changing $10K Loan
(16:37) Using The 70% Rule to Make Business Decisions
(18:48) The Four Pillars of Business Success
(23:50) Selling Her Business for $20 Million
(28:02) Building a Money Mindset
(30:59) The Dangers of Failing to Pivot Or Make Mistakes
(40:13) Teaching Your Children Resilience
(45:01) Q&A: How to Chase Success Despite Fear
Kim Perell is a 9-time founder, 3-time bestselling author, top keynote speaker, and investor in over 100 companies. Her book, Mistakes That Made Me a Millionaire, offers a transformative guide to turning setbacks into million-dollar opportunities. An award-winning entrepreneur, Kim has appeared on major platforms and serves as a judge for Entrepreneur Magazine’s Elevator Pitch. She is dedicated to empowering the next generation of business leaders for success.
Connect with Kim:
Kim’s Website: https://kimperell.com/
Kim’s LinkedIn: https://www.linkedin.com/in/kimperell/
Kim’s Instagram: https://www.instagram.com/kimperell/
Resources Mentioned:
Kim’s Book,
Mistakes that Made Me a Millionaire: How to Transform Setbacks into Extraordinary Success: https://www.amazon.com/dp/1637747128
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