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