About this episode
In part 2 of the discussion with founder and CEO Yong-Soo Chung, he shares the wisdom he’s gained from years of taking risks, making mistakes and learning from every experience. For Yong-Soo, he thrives under pressure as many successful entrepreneurs do. So instead of building his businesses as side projects, he went all in. His return on such high-risk investments continues to pay off as he pushes himself and his team each day to be better than the day before. Part of succeeding in business is being willing to make mistakes. Yong-Soo admits he’s made many along the way and has also been able to turn those lessons into opportunities for growth. With all this experience, his latest passion project is a podcast in which he teaches and encourages other entrepreneurs how to avoid pitfalls and scale their businesses for maximum growth.
Main Topics
- Discomfort allows us to realize our full potential (02:35)
- Using data as feedback for improvement (06:03)
- How to know when it’s time to expand (07:08)
- Utilizing the “I, You, We” system for scaling a business (09:35)
- Hiring the right people for the job (10:55)
- How Yong-Soo builds his life around change (16:13)
- First Class Founders podcast (20:00)
Episode Links
Go to TheFridayHabit.com to find show notes for this episode. There you can also find links to our websites and ways to get in touch. At the bottom of the page you can download our guide to the Friday Habit system that will show you how to set aside one full day each week dedicated to working on your business instead of in your business.
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