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cover of episode The craziest rags to riches story I’ve ever heard ($1/day to billionaire)

The craziest rags to riches story I’ve ever heard ($1/day to billionaire)

2025/2/5
logo of podcast My First Million

My First Million
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Nick Mowbray
S
Shaan Puri
成功主持《My First Million》播客，分享创业策略和资源。
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Nick Mowbray: 我从小在农场长大,做过各种各样的生意,比如挨家挨户卖热气球。后来我和哥哥一起去了中国,白手起家创办了Zuru公司。创业初期,我们经历了很多困难,比如资金不足、语言不通、文化差异等。我们住在简陋的工厂里,每天的生活费不到一美元。但是我们坚持不懈,不断学习和改进,最终将Zuru发展成为一家全球知名的玩具公司。 我们最初的产品质量并不高,但是我们通过努力销售和分销,弥补了产品质量的不足。我们不断地寻找新的机会,并积极拓展销售渠道。我们与沃尔玛等大型零售商建立了合作关系,并获得了成功。 在创业过程中,我们也经历了很多挫折和失败。例如,我们曾经与沃尔玛合作推出一款产品,但由于产品质量问题和市场需求变化,最终导致了合作失败。但是我们并没有放弃,而是从失败中吸取教训,并继续努力。 我们公司成功的秘诀在于持续盈利,并不断将利润再投资于业务增长。我们注重培养员工的毅力和行动力,并提倡一种持续改进的文化。我们相信,只要坚持不懈,不断学习和改进,就一定能够取得成功。 Shaan Puri: Nick Mowbray 的故事非常励志,他白手起家,从摆地摊到创办一家数十亿美元的玩具公司,这其中充满了挑战和机遇。他的创业经历告诉我们,成功并非一蹴而就,需要坚持不懈的努力和韧性。同时,他的故事也展现了中国制造业的强大实力和发展潜力。

Deep Dive

Chapters
Nick Mowbray's journey from selling hot air balloons door-to-door to building a multi-billion dollar toy company is filled with naivete, perseverance, and a relentless pursuit of success. This chapter details his early entrepreneurial experiences, including his move to China with minimal resources and the challenges he faced in establishing his business.
  • Started selling DIY hot air balloons door-to-door.
  • Quit law school to pursue entrepreneurial ventures.
  • Moved to China with no money, plan, relationships, or language skills.
  • Built a factory from scratch.
  • Lived on less than a dollar a day for years.

Shownotes Transcript

Episode 673: Shaan Puri ( https://x.com/ShaanVP) ) talks to Nick Mowbray ( https://x.com/NMowbray23) ), the founder of the most profitable toy company in the world. 

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Show Notes: 

(0:00) Selling DIY hot air balloons door-to-door

(5:57) First product

(21:32) $30M David Beckham Tamagotchi fail

(30:18) Nightball 

(36:18) Robofish 

(41:43) Diapers

(48:44) Shampoo, pet food, confectionary, supplements, home products

(1:00:07) Zurutech - a self-funded moonshot

(1:03:28) Serial entrepreneur flywheel

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Links:

• Zuru - https://zurutoys.com/) 

• Zuru Tech - https://zuru.tech/) 

• Boom Supersonic - https://boomsupersonic.com/) 

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Check Out Shaan's Stuff:

Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd)

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Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/)

• Ideation Bootcamp - https://www.ideationbootcamp.co/)

• Copy That - https://copythat.com)

• Hampton Wealth Survey - https://joinhampton.com/wealth)

• Sam’s List - http://samslist.co/)

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano