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PODCAST

School for Startups Minutes

jim@schoolforstartups.com (Jim Beach)

The short vignettes are taken from School for Startups Radio. We release a quick thought to motivate or educate you about a different facet of entrepreneurship every day.

business business news

All Episodes

01:31

SFS Minute 808: Start a Business

School for Startups Minutes ·

2025/10/05

Eighty-six percent of millionaires and billionaires got there one way - by starting a business. Not luck, not waiting, not building over time. Starting a business is the best way to become a millionaire. Eighty-six percent of millionaires started a business.

EN

01:31

SFS Minute 807: Long Game

School for Startups Minutes ·

2025/10/05

This statistic is very sad to me. Only two percent of the wealthy got there by saving their entire lives. It works, but it just takes so long. Most millionaires want to become rich in their 20s and 30s so they can enjoy it. Only two percent get wealthy over time.

EN

01:31

SFS Minute 806: Climbing the Ladder

School for Startups Minutes ·

2025/10/05

CEO, vice president, CFO, doctors, lawyers, accountants - all great ways to get rich. It just takes a really long time, and the chances are pretty small. Less than five percent get rich this way.

EN

01:31

SFS Minute 805: Inherit

School for Startups Minutes ·

2025/10/05

What are the odds of you inheriting a bunch of money? Well, you probably already know if you're going to, but the odds are very low. Only seven percent of millionaires become rich through inheritance. It's not as much as people think.

EN

01:31

SFS Minute 804: Luck

School for Startups Minutes ·

2025/10/05

How do you get rich? How do rich people end up that way? This week, we're going to talk about it. I've come up with about ten ways you can get rich in this world, and I've divided those into five categories—one a day. Each day, I will introduce a new category and give you the odds of that way making you rich. So today, how many people get rich purely from luck? What would that be—things like winning the lottery, marrying a bunch of money, divorcing a bunch of money, becoming a huge sports star,

EN

01:31

SFS Minute 803 - Myth #5: Failure Is Fatal

School for Startups Minutes ·

2025/09/26

One of the great things about America is that if you fail in entrepreneurship, it is okay to try again. Just because you failed once doesn't mean you can't try again. Every scar is proof that you can try again. Every mistake is fertilizer for the idea that you can try again.

EN

01:31

SFS Minute 802 - Myth #4: Passion Is Required

School for Startups Minutes ·

2025/09/26

Many people say that passion is required to be an entrepreneur. I will wholeheartedly disagree. Many businesses have been built where the founder was not passionate about the product, but instead about the process, building a great business, not working for the man, working from home, or working from wherever they want, whenever they want. There are so many great reasons to start a business. You don't have to love it to do it.

EN

01:31

SFS Minute 801 - Myth #3: Entrepreneurs Are Risk-Takers

School for Startups Minutes ·

2025/09/26

The truth is, entrepreneurs hate risk. They like to take that small five thousand dollars and test their idea, not a hundred thousand dollars. They'll do anything they can to bootstrap their business and start with as little money as possible. Bootstrapping is the process of reaching down in the mud, pulling your boots out, and fighting ahead - just like when you start with under five thousand dollars and very little risk.

EN

01:31

SFS Minute 800 - Myth #2: You Need Lots of Money

School for Startups Minutes ·

2025/09/26

Actually, bootstrapping is a better way to go. If you end up with a big pile of money to start your business, you will make mistakes. You will not learn from the customer. You won't be out there doing the sales yourself. You'll be back in the office decorating. The best way to start is with under five thousand dollars to test your idea. You don't need a pile of money.

EN

01:31

SFS Minute 799 - Myth #1: You Need a Genius Idea

School for Startups Minutes ·

2025/09/26

There are so many myths of entrepreneurship this week. I want to try to dispel some of those myths so that you will be more likely to become an entrepreneur in the future. The first big myth is that you need a genius idea, that this lightning bolt from God comes down and strikes you, and all of a sudden you have a brilliant business idea. According to the London School of Economics, 93 percent of businesses are copies of existing business ideas. Tesla was not the first automobile. McDonald's was not

EN

01:31

SFS Minute 798: Hypocrisy Hurts Us All

School for Startups Minutes ·

2025/09/21

Hollow leadership erodes our trust and distracts us from the real solution. If we want environmental progress, we must celebrate the doers—the entrepreneurs solving problems—not the talkers and those who only pose as green with their checkbook. That is the call of the real environmentalist. Please go act, and call out those who are faking it.

EN

01:31

SFS Minute 797: Capitalism Is the Tool

School for Startups Minutes ·

2025/09/21

Entrepreneurs are building products that are sustainable and profitable. At the same time, capitalism isn't the enemy of the environment; it's the tool. That's the surprising truth you'll find in The Real Environmentalists.

EN

01:31

SFS Minute 796: The Shipwreck Problem

School for Startups Minutes ·

2025/09/21

Recycling ships is an ugly, dirty business, but it's much better than the alternative. Entrepreneurs like Wayne Elliott are stepping forward and turning the nightmare into a business. They are using capitalism to tackle the dirtiest problems in the world and making a profit while they do it. That's what makes him one of the real environmentalists.

EN

01:31

SFS Minute 795: The Entrepreneurs

School for Startups Minutes ·

2025/09/21

The real environmentalists are the capitalist entrepreneurs. They're not posing; they're building. They are solving global problems in ways that are profitable and practical. And that's the lesson we need to follow. Thank God for our entrepreneurs, especially the ones in the environmental space.

EN

01:31

SFS Minute 794: Performances vs. Progress

School for Startups Minutes ·

2025/09/21

I love the environment. I love going for walks along a path with a lake and beautiful trees. There's nothing more enjoyable, but I'm also a hypocrite. I like my air conditioning in my airplanes too, and I drive a big car and have a swimming pool. Am I a hypocrite? Can I love the environment and still drive a big car? That's what I want to talk about this week: real environmentalism. It's an uncomfortable truth. Much of our environmentalism is performative. The real work isn't happening on the red

EN

01:31

SFS Minute 792: Kevin Gast

School for Startups Minutes ·

2025/09/14

Kevin Gast, with his company VVater, took on the housing challenge with fresh eyes and figured out how to make the water part of the equation more sustainable. It’s now scalable and producing cleaner, better water for all of us. He’s one of the real environmentalists. Check them out.

EN

01:31

SFS Minute 793: Gator Halpern

School for Startups Minutes ·

2025/09/14

I have been a lifelong scuba diver. It's one of my absolute favorite passions. One of the first things you are taught is not to touch the coral because you will kill it, and it will never come back—except now, maybe it will. Gator Halpern has invented a new technology that grows coral 50 times faster than nature does and can replace an entire reef. He's one of our real environmentalists.

EN

01:31

SFS Minute 791: Dr. Stephen Mayfield

School for Startups Minutes ·

2025/09/14

Dr. Stephen Mayfield was one of the few academics to see that his research had practical, everyday uses. He was studying algae and discovered that he could grow plastics from algae-based products. This could be used to replace petroleum. Wouldn't that be a great godsend? Another one of our real environmentalists.

EN

01:31

SFS Minute 790: Shawn Nelson

School for Startups Minutes ·

2025/09/14

Lovesac has long been one of my favorite furniture brands. The founder, Shawn Nelson, has great ads. I love the ads, but he has dedicated the company to upcycling materials and designing products that are meant to last a long time instead of throwaway couches. He builds products that will adapt and endure. He is an environmental entrepreneur.

EN

01:31

SFS Minute 789: Wayne Elliott

School for Startups Minutes ·

2025/09/14

What happens when a 900-foot ship is at the end of its life? Many of them are sunk in the middle of the night, in the middle of the ocean, destined to leak toxins forever. How can we solve this problem? Surely, we need government help—or maybe something else is happening. I'll tell you who’s cleaning up this mess right after this.

EN

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