Ep. 40 | Gautam Patel - What you can Learn in Failures that you can't Learn in Successes

On this episode of The Rich Equation Podcast, Ashish is joined by guest Guatam Patel. Ashish and Guatam speak about how vital it is for your business to have a healthy team that is working together. Guatam shares how he stays detached from the outcomes of his business decisions and he also expresses how we can learn more from our failures than our achievements. Guatam talks about how he thinks success is 50% luck and 50% timing so he encourages you to focus on the execution of your vision. Guatam shares the legacy he hopes to leave behind within the next few decades and informs us of his current personal project for the education industry. Ashish and Guatam also discuss how the education system is stuck in the same industrial style education of memorizing and everyone learning the exact same things instead of teaching our young people how to learn. Ashish and Guatam share how they hope with the use of improved technology and communications between countries, we can reach young people in education who could have the potential to change society if they just had more access.

HIGHLIGHTS:

0:00 – Ashish shares a brief introduction to his guest Guatam Patel

3:55 – Guatam shares some lessons he learned in 2021 and what lessons he’s going to take into 2022

9:26 – Ashish and Guatam about how he keeps himself in tune with his own identity

12:55 – Guatam speaks about decision making and how failures are sometimes the result of consecutive bad decisions

15:40 – Ashish mentions how companies trip up when there isn’t a healthy team that is working together as people end up rowing in different directions

18:56 – Guatam talks about how he tries to live by the philosophy of not being attached to material things at all

20:38 – Ashish asks Guatam if he felt a need to accomplish and a need to succeed as his was growing up

24:00 – Guatam shares what he wishes to accomplish from a legacy perspective over the next couple of decades

26:55 – Guatam talks about the impact of placebo

29:39 – Ashish speaks about how we are still very much stuck in an industrial stage of education – we don’t learn how to learn

32:00 – Guatam shares how he hopes with improved technology and communications between countries that we don’t miss the people in the world who could change society if they just had more access

33:18 – Guatam shares how true richness to him means being content and having the ability to go to bed feeling tired knowing you tried your hardest at what you do and love

34:04 – You can contact Guatam through email: [email protected]

Links:

https://therichequationpodcast.com/

Check out previous episodes of The Rich Equation Podcast here:

https://podcasts.apple.com/us/podcast/the-rich-equation/id1585002788

Discover more about The Tarsadia Foundation here:

https://tarsadiafoundation.org/

Let’s Connect!

Instagram: https://www.instagram.com/ashishnathu/

Website: https://therichequationpodcast.com/

Tarsadia Foundation Instagram: https://www.instagram.com/tarsadiafoundation/

Guest email: [email protected]