Am I An Entrepreneur? What it takes to start your own business.
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- Опубликовано: 28 май 2024
- How I Became a Millionaire. Should I drop out of college to pursue my career? What does it take to run a startup. How do you become a millionaire with no college degree launching a tech startup?
CEO and founder of HireWire, Chau Nguyen sits down with Chris Do for this insight conversation about risk/reward, grit and betting it all. Chau talks candidly about big pivotal decisions, no regrets and the challenges and sacrifices that are needed to become a successful entrepreneur. This self made thirty year old became a millionaire and exited his first company Campus Special for 20 million dollars at the age of 33.
How was he able to do it?
HireWire
hirewire.com
Twitter:
@ChauDucks
#HireWire
00:49 An entrepreneur is a problem solver.
01:25 When is the time right to drop out of college?
02:25 Why weren't you afraid to go against the grain? Weren't you scared of disappointing your parents?
03:30 Where did your risk tolerance come from?
04:07 The power of introverts and blended cultures.
05:00 Any regrets from dropping out of college?
05:40 What advice do you have for someone who is thinking about dropping out?
06:30 Risk/Reward
06:49 Failing is not a big deal.
07:35 What does it mean to have grit?
12:35 When you plateau, it's a sign to move on.
13:10 Do the things most people don't do to get the things most people don't get.
13:51 Campus Special. Chau's first startup. How local businesses market to college students.
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2012 i left my dad's place, was homeless for 8 months, saved money to get good cloths got a job in a contact center, stayed there for 2 years. I saved enough money to get a house and a computer. im a graphics designer dropout but i belong to a family of artist, illustrators and designers and i had it in my blood too. so i got adobe photoshop and illustrator and started freelancing in several websites, i used to do logos for somewhere between $10-60 if i got a $80 logo that was a fortune for me. took me 2 more years of studying and learning EVERYDAY none stop, i mean i was eating and breathing design.
NOW ive got built a rag tag team of web dev, animators and editors, and i actually owe it to you Chris, because on one of your vid i learned what it takes to build a team, how to bid, how to get clients etc.. from a $10 logo to a $5000 brand design.
yamajii san truly inspirational story. You are living your dream. Congrats!
Thanks :D I enjoy every moment of it, i never thought i could live a life like this until now. its indescribable. I talk to my friends and family about it and none of them understand.
Amazing! Is is true? Why to leave dad's home?
You know, I came to the USA in February, without money, living in my uncle's home till now. Working at Target and commuting by bicycle. But family are moving so I need to change job place. And I want to move directly to Minneapolis and live by myself. But I understand that it will be hard to survive working at some store and paying for rent. In a free time I should do web design and development (junior level now) but not so much power to do it.
how did you survived 8 months on the street?
Pro tip : watch movies at flixzone. Been using them for watching loads of movies these days.
3:14 "Do the things most people don't do, get the results most people can't get" amazing
Truth.
Yup. Couldn't have said it better myself. That quote hit home for me, so I hit "subscribed" to this channel haha. But seriously tho, I appreciate the part describing the details of his struggles, during the "dark times", it's important for folks to understand it's not all sunshine & rainbows to do a startup
13:14 *
13:08
This Video still holds Value in 2019
2020 too🙄
Facts!!
2021 also
Great interview. (Completed: 3/18/23)
I'm a fan of the "MVP" approach to graphic design. It saves you so much time and you get the same amount of feedback from the client upon presentation. It's a good way to test if you're on the right track or not, before spending hours creating a flawless mock-up that's nowhere near what the client wants.
yep. MVP.
Please MORE OF THIS!!!! 💡
deeym. I just dropped out of college this semester because of similar reason like he has and I really see that going through college is not the only way to "SUCCESS" and I know there are a lot of methods to be a successful individual someday. maybe each of us has a different understanding or ways to interpret success but as long as we're happy with the results of the decision we made for our future, I think it's enough. I'm pursuing graphic design and web development as of now and I know the road is going to be extremely difficult but I believe I can cross the road at the end. Thankfully I found this gem, this channel and especially this episode.
hey, 4 years later.. how did it go for u, I dropped out first semester so it would be nice to get some insight from someone who has been there
I love how Chris always move around the outer scenes of the story and ask the question to identify clearly of it. He is truly a great observer, listener and probably a great executioner. Sometimes, i wanna meet him so much to talk in person and let him read about everything and myself included.
We will meet one day.
I have seen so many start up interviews, and this by far is the best I've ever seen. I love that they hit the dark areas and even go into sacrifices in order to make something big. This really opens my eyes into building a business or just something that helps the community.
The dark side is something people tend to gloss over. I knew that aspiring entrepreneurs needed to hear this, so glad you picked up on this.
This topic is something that I always wanted to hear from start ups, because you mentioned the word "entrepreneur" has been romanticized and as a millennial it bothered me just hearing all the non-stop glam of start ups without the real struggle. I'm so happy that I have found this channel. Y'all have provided such great content and I appreciate what y'all are doing. Keep up the hard work!
Glad I found this channel, too. Are you kin to this fella Chau? I see your first name is Charles though. Chau is a creative pioneer for the start up. I learned a lot here in a few minutes. Looks like he makes good plans, has a good vision and knows how to make the hard decisions. School of hard knocks and not so much "college".....just genius. Join our free seven day trial of training if you need a job and FB group to produce leads this the www.fullthrottlewithgml.com/site/index.asp?DL=664679&page=162461
I have always watched your videos, and there's no time I don't learn new things from you guys. I'm so happy coming across you. Thank you
"A creative person is someone who connects through the sphere of things"...Chris Do
I am creative
This video holds value in 2021
This video still holds value in 2020! Awesome tips.
People sleep on these type of videos. Being able to listen to a conversation between 2 entrepreneur is gold.
Appreciate it Gee.
love to see startups succeed and evolve. This guys is brilliant and has something going. we need to see more content like this. thanks for this interview!
He's going to do amazing things.
How does this not have more views?! Best video I've seen on RUclips yet. Amazing feel to the demeanor of both participants. Asked the best questions and carried through potentially awkward topics with great poise. Exceptional interviewing skills. This channel needs to be much more publicized. Chris this is the first video I've ever seen you do and it's remarkably impressive. I'm also located in the Los Angeles area. How do I get a hold of you. I'd love to help further your cause and evangelize this great work you're doing
I can already think of 3 key and influential people who help me in my life who needs to see this video.
Content is valuable and powerful. Great questions. Chemistry and energy from interview is very rare and hard to find. Reminds me of Kevin from foundation but strongly comes back from potentially awkward topics with much more finesse. Job well done! Congrats
thanks all around. Derek, friend me on FB. let's chat.
Lots of golden nuggets here. Awesome interview! Thanks Chau and Chris. This was a very well done 👍🏻 interview. 👍🏻
really love the Intro. And off course the overall video! like attending collage class again. Totally subscribe!
Great!
I LOVED the show! Thank you both for sharing your experiences. I so appreciate this channel!
Aubrey thanks for watching and commenting. We appreciate you.
How does this video NOT have 500,000 views? So great! LOVE this channel. Always challenging and thought provoking.
Brilliant as always Chris!!!
Well organized and awesome advice. I'm so glad I found your channel. You're helping me learn more in 4 hours of watching videos than I'm learning in 2 years of design higher education. Thanks!
MandaPanda. love your name. Thank you!
thank you for sharing
Thank you! I aim my services at digital product founders and I am a family man so this was very insightful and helpful.
Great interview Chau and very inspirational! Will watch this again from time to time. Thanks again and good job Chris!
Thanks John. This video is changing the way I think of myself and I think it's having a similar effect on others.
+John Housty Glad you found it valuable. I am not special. If I can do it so can you! : )
I like watching business people being ask intelligent interview questions like these, all we get are intelligent answers. more please.
more coming. Thank you. 🙏🏼.
This was great. Thanks Chau and Chris for this conversation.
Vincent. Thanks for chiming in. More epic content and interviews coming.
+Chau Nguyen it's the magic of the lights and you were just in your flow state.
That was very very informative! Had to sub
Glad you did.
Great talk, really impressed.
this one is excellent!!
Chris, I really like to see you sitting in this seat again. This looks like a really good career fit for you. You look like a natural oprah. 👍👍
This video still holds value in 2021
Awesome interview...! Thanks guys I learned a lot..now I need to put it to action...
Lots of nuggets in this episode. Glad you enjoyed it.
Love this talk
Interesting interview all the time. Congratulations to you both.
Thanks Sol. Chau is a superstar.
Hey, big fan! Maybe make an episode of different creatives explaining their eureka moments of transitioning from a student or small business into a more successful startup/creatives in terms of technicalities, planning and et cetera. It might be interesting to dive into the different stories that they have to offer, this will give your varied viewers high possibility to relate depending on their positioning & this video is a good example of an in-depth story
by far, one of the best interviews I've watched at RUclips related to the business and entrepreneurial requirements and needs. As a product designer, "coder" and future entrepreneur this was really inspiring and insightful.
Thanks Mario. I'm a little surprised why this doesn't have more views. I would have killed to hear this at the start of my business.
OK, I love all of your videos... but, starting today, out of all The Futur videos I have watched, this one has changed the course of my art career. I know I am a talented artist. Though, clearly my entrepreneurial skills are weak. I have tried and failed to create a sustainable income as an artist because I never solved the needs of the buyer. Which is the take away here, for me; finding the problem to solve and filling it. A thousand thanks for all that you do, Chris!
definitely one of my favorite channels at the time! love the content! it's so valuable and just great to bring the strategies and thoughts of successful people like chau nyguen, or yourself to us! for free!
i wanna thank you for that!
+Moritz Schrom You're welcome. Chris does a great job!
+Moritz Schrod We do our best to deliver valuable content to our audience. Thanks for watching Moritz.
Wow. Great interview. A lot of HUGE take aways from this one guys. Keep it up.
We agree! If you are listening carefully there are many layers to peel back.
+andy shop You're welcome. Pay it forward!
this interview was AMAZING!!! I DROPPED OUT TO ..BEST DECISION I EVER MADE! thanks for talking about what it takes...i loved the personalities of both of you on the show!
NIRVANA burns thanks. Chau was awesome.
I enjoy listening to those talks, please keep it coming. btw do you have a video on the channel about how to get sponsors for your startup and how to actually make money from your startup ?? cause i searched and i didnt find one.
Learned from you. Thanks Chris and Chau.
thanks Sandeep. glad you did. i learned from talking to Chau as well.
Chris = The Hand
Chau = The Sponge
The Result = all the informative and real life experience juices squeezed out. Too Sweet!
Thank you both, too informative this is!
Ha! Good one Sugizo. Just squeeze.
Thanks Chao, for sharing your experience ☺
You're welcome michael.
Great interview. Just finished it. Gonna share on my FB timeline.
Thanks Eric. Please do. Tag me on it.
amazing information. simply amazing!
Thanks. Chau is awesome.
I had recently been thinking of whether I want to be an entrepeneur and if I have what it akes. Thanks to this video, your positive and practical vibes have been impressed upon me. Amazing Video and my choice is clear
This was great! It's great to hear about the tough times in business though. As someone who has been trying to get a small business rolling for the past couple years, there are some REALLY tough times. It's refreshing to hear what struggles others have gone through and to see the success that came after pushing through the tough times. Great interview!
+Alex Bass The company is Campus Special not labs.
The Skool Network ah! That makes much more sense! Haha now time to research Campus Special, my bad :x
+Chau Nguyen great suggestion. I am definitely trying to do that more and more now. Being around other entrepreneurs is motivating to continue pushing forward. The friends that are working 9-5 and have a steady paycheck can't relate to the struggles and it gets demoralizing at times. Other entrepreneurs push you to your limits and are generally much more optimistic. Couldn't agree more 😊
I'm 17 and love this show, it is very inspirational! Greets from the Netherlands.
Hello from the Skool. Welcome to the show.
It was a really good talk.Thank you.
hasan tarek thanks Hassan.
I do know the lonely feeling. It's a lot less now. I've been building resilience and getting more and more practice and it's becoming more routine. Love what Chris said about the positive frequencies!
Sounds like you are coming out of the dark place.
Long story but perseverance is a good gene to carry. People have gone from my team and now people are coming back. I took two months off and came back with that burn again. I'm focused and I'm studying more again. Making good calculated choices now. I guess I'm not so "green" anymore.
This was an amazing interview.
thanks! Chau is doing some incredible things.
ren really is
This is a inspiring. I recently stopped going to school to focus on my career as well.
Keep us posted.
Ok sure.
awesome stuff
Awesome show. Very Inspiring.
Thanks Bhaskar.
Go fulfill your goal.
This was awesome 🔥 you know the feeling you had the first time you heard garyvee? Got that same feeling watching this. Maybe not everyone...but that was my reaction.
Thanks for this inspirational video. I'm not at all into eutrepreneurship, design or tech industry. I'm just a young guy wandering on internet to find inspiration for a new path for my life. I want to be a documentary photographer. What I just watched makes me more confident to pursue my dream. Pursue your dream might be entrepreneurship somehow. This interview reminds me Steve Job's speech at Stanford College. Keep going the great work !
Olivier
If pursue your dream is the message you heard then maybe you are an entrepreneur. follow your passion and skill. the rest will work itself out.
Hey, that was a really great interview! Thank you for sharing your experience, passion and inspirations! I hope you make the app for Europe too :)
We learned so much in this episode from Chau. He's awesome. I think they will roll this out in the US once they are out of testing. Then, there's nothing holding them back from going global.
I know they just raised more money (good sign).
Brilliant.
Still valuable is 2021
So inspiring :)
thank you
Christos Ellinas Chau's story definitely is.
True story. After taping this episode, I went home and decided to make a major change in my life/business. Little bits of that change are starting to become more evident.
Nice... :)
I think that is very good to make changes in our lives. So, what you decided to change?
to go all in. i've been devoting my time to creating content. i don't know if you noticed but the amount of content we are producing has almost doubled.
I see, that's awesome!
Did that happen all at once, did you start spending more time to creating content the very next day or did you do it little by little?
Damn this interview was so on point; it's seriously one of the most valuable hour (out of an INSANE amount of hours haha) I've watched on "RUclips University".
Thanks Myla. Chau was dropping some real knowledge.
I wondering if he is not the smartest guy in a team, who then?) Chau Nguyen is brilliant and so inspiring! Have no doubt that in 20 years he gonna be the perfect mentor!
Maxim Fedotov Steve jobs often talked about hiring people smarter than you. Then let them do their job.
I semi Dropped out, I started freelancing my Illustration and Design skills while in college, I have learned so much on my own, but I feel that College is a good first step in finding out if you want to stay in the "system" or break the grid as we designers say. I still take some classes, but I actually do not plan on graduating college, I have been offered Design jobs just based on my Portfolio, which is what really shows you skills and talents. Not a degree. Skool is the new paradigm of education, not a system based on out dated ethos and rhetoric, but real world application and knowledge. Great videos as always.
Roberto Orozco thanks Roberto. You make school work for you not the other way around.
10X BABY!!!
daaaang.... yo, like, for real, i'm tired of working for peanuts and the man since the days of geocities, angelfire, hotdog editor, futuresplash... and like my only friend from then still left is animated gifs. we're so tight brah. but now everything's just right with the best channel on youtube--The Futur. i'm starting my llc right now, thanks to The Futur!
#boom. live your dream.
I hope it is beat boxing becos u rocking the rhymes
Sound quality isn't the best but love the interview
1.2 million??? woah :D this vid is very inspiring
I love it all!
Thank you. Good stuff from Chau.
This is an awesome channel
Thanks! Did you just find us?
Yep. I think production and content is great. Keep it up!
+BornRichPro cool. Keep watching. Cause we are only getting started.
This video saved me.
This is the first time I've seen two Asian entrepreneurs on camera, it's awesome
really? well, I guess that's cool.
Started good, "sponsors of our business are visa and MasterCard". But I didn't expect that they have half million dollars of own money. Who know, when somebody have such amount, there is a lot of helpful connections to that time and they see much more opportunities than average person.
Dream big. Then build it.
I don't actually understand why this video doesn't have millions of views..
Right? Why hasn't this gone viral?
im loving the start up he created. this is still a major problem the job searching and hiring process is archaic this is thinking of the future, great job! now only if this was for windows phone, sigh...
I'm sure it will happen. They are focusing on Atlanta and testing before rolling this out nation wide.
+Chau Nguyen minimum viable product to test and validate your idea. Too many people fail because they try to do too much.
great video, p.s, i love to play long videos like this with not as much visual content but talking going on in the background of me working on design work, but all you guy's videos are super low audio amplitude, so i cant focus on listening and designing at the same time.
would appreciate it if you guys dialed it up a bit in editing for future videos
ok. i'm wondering if others are experiencing the same thing. I noticed that spotify and iTunes are super loud compared to podcasts and RUclips channels. Are you experiencing this while watching other RUclips content? Do you notice an audio dip when it comes to our shows?
Yah, other YT content is perfectly audible and loud but many videos on the futur channel isnt, same thing happened with the roberto blake interview video and the video where chriss do is doing a talk in a room with students about pricing value of design
I keep the sub titles on so i dont miss anything
ok that resolves it. we will have to figure this out.
:-D
Ya, i'm experiencing the same thing.
Awesome
GREAT!
awesome. thanks.
i can relate to this guy so much. however I didn't jump to the highest risk opportunity that was offered to me just because i don't see myself profiting from it the same way the other person was. (boss was offering me a partnership) i was offered only 10% of what the company will make granted I don't put out any money. it was also giving me so much stress cause everyone was so against it too that I just let it go.
Chau, welcome to the Show XD
See the 1 way you can succeed not the 99 ways you could fail. Chris Do
Yes. Just yes. 😢
Dope
Great Interview, highly inspirational !! Chau gives insight to the essentials of entrepreneurial thinking. A true guid to success! Chris Do was the perfect host, great open ended questions and follow-ups. Definitely going to share the link with my friends.
Thanks Rafael. We feel more entrepreneurs need to watch this video and listen to what Chau is saying.
No regrets!
Better to regret the things you did vs the things you didn't do Mark.
+Mark Manansala All in, or not at all, there is no in-between.
What about physical products? Would you recommend there the MVP strategy aswell? If not, how would you know when it is ready to be launched?
yeah. why not? down and dirty to prove the model. then refine. take tesla. they make physical and software changes to their cars all the time.
Thanks for the fast replay! I think it can be combinated especially well with a crowdfunding campaign, just to test the overall idea of the product
yeah! crowdfunding is a great way to test the viability of your idea.
Awesome episode, I just recently discovered the futur, so now I have hundreds of older videos to watch like this one from 2016... is it too late to let you guys know that ''Entrepreneur'' is spelled ''Entreprenuer'' at 0:48 ?
Gino, once the episodes go out, they can't be edited or we'll lose the play count.
I know, I just thought it would be funny to point it out 2 years later! lol
Is Chris pitching him? At 54:17
👏🏼👏🏼
The guy soundedlike Gary Vaynerchuck
I discovered The Futur a few days ago. These videos are like crack.
hey chris your head is brighter than my future :D. just kidding that was a great video thank you man. i hope you dont mind for joking :D ;)
Such a great idea for a business. Makes you wish you thought of it first lol
Those are always the best business ideas- the ones you wish you came up with.
yo, thanks so much for your content to help me out of my confused state
you're welcome. Glad we were able to help. Believe it or not, this conversation helped me as well.
Could this maybe be a trick played by the company that hired him in the beginning, to hire him as a VP before hes done with college, to make sure he doesn't leave the company too soon? Because he cant leave without proper experience since now he doesnt have certified education? ...although it worked out well for both parties, I was just wondering maybe if thats what companies try to pursue by hiring young people in college to ensure reduced employee turnover rates...
No trick. He's obviously motivated and talented. You hire those people as fast as you can if you're smart.
oh yes for sure, I didn't mean trick as in the "sly" sounding action that it is. I meant "strategy".
Syed _ yes. Absolutely.
College/university is not the only nor the best path to follow anymore, specially in graphic design/web design/marketing field.
Mark, Gates and this guy just disqualified a lot of people that have a bachelor or master degree. In the 21st century a degree is not necessary anymore, specially in graphic design/web design/marketing field, a great and solid portfolio is much more valuable than a degree and a degree does not translate into a great portfolio or vice-versa.
new era. new thinking.
I understand that it is very critical to build a product huge, w/o knowing if it meets market-needs. on the other hand it's also important to get going and to iterate, develop and grow the company. right now i have to find this balance. we're having engineers, who take way to long time to get our software to work properly. because of time-issues i reached out to a friend of mine to build a MOBILE app for this particular software, that have to be done anyways and complement our idea, but deepens a path, that isn't "market-tested" yet. i really trust my gut, that our whole plan is providing value to many people! but i know that i can talk partners, people and myself into things too. always this 2 sides of the coin...
what are your thoughts on this kind of balance between moving forward and testing out first while staying patient? do you have advice for me?
thank you @chrisdo and @theskoolteam for this opportunity and for everything you do in this channel. i love you guys from the first moment (and i'm not even a creative!)
thank you @chaunguyen for sharing openly your insights and experience. i appreciate that much and dont take it for granted.
;)
Sebastian great question and I'm loving these epic long comments. In a few days Chau will go through the comments and respond. I'll hold off until after he replies.
+Chau Nguyen all of you designer creative types out there already do some form of this. You are prototyping and can use photoshop and after effects to mock up your idea.
Infact those who watching this video,, one day they also become millionaire... I m also included in them.. 😊😊😊
I sure hope so. Living the dream!
+144,000 Elect its not. But the money gives you freedom. What you choose to do with the money is up to you.
aisee....
yes.
How can someone without a degree get their first job or an internship a design studio. Many of the places I wanted to apply to required someone to be in school or have a degree to be considered.
That's odd. We work with people who are in and out of school. Some never even studied design. What does your portfolio look like?
I have some logo design projects, some print ads and some print design projects I created. wherestephaniecreates.com.