Adam Goldston ON: Productivity, Time Management & How To Make Better Decisions | Summary and Q&A

Transcript

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Summary

In this podcast episode, Jay Shetty interviews Adam Goldstein, the co-founder of Athletic Propulsion Labs (APL). They discuss topics such as embracing the journey in entrepreneurship, turning negative situations into positives, and decision-making processes.

Questions & Answers

Q: How can you embrace the journey in entrepreneurship?

Embracing the journey in entrepreneurship involves focusing on the day-to-day experiences and appreciating the process of achieving goals. This mindset allows for personal growth and a deeper appreciation for the destination.

Q: Can you share a pivotal moment from your childhood that influenced who you are today?

One pivotal moment from Adam's childhood was when he and his twin brother realized their unique competitive advantage and the power of not succumbing to peer pressure. This realization shaped their internal character and mindset.

Q: How did you transition from having a cool idea to making it a reality?

Adam and his brother had a strong determination and willingness to ask for help. They sought assistance from top-level industry professionals despite having limited resources. By embracing their passion and learning from others, they were able to execute their ideas.

Q: How did your passion for technology in athletics shape your product creation?

Adam's passion for footwear technology started at a young age, as his father worked in the footwear industry. He was exposed to innovation and engineering processes early on, which fueled his interest and led to a deep understanding of the field.

Q: What was it like to have your shoe banned by the NBA?

Initially, the ban by the NBA seemed like a negative situation. However, Adam and his brother chose to embrace it and turn it into a positive. They reframed the ban as a sign of the shoe's superiority and used it as a marketing opportunity. The ban ended up generating significant media attention and boosting sales.

Q: How do you make decisions in your business, particularly in recruitment and leadership?

Adam and his brother approach decision-making by establishing clear deliverables and considering the long-term impact. They anchor their decisions in the pursuit of their goals, allowing for flexibility and spontaneity within that framework.

Q: Can you elaborate on the importance of controlling emotions in entrepreneurship?

Adam emphasizes the significance of controlling emotions as a source of power. By not being controlled by emotions, individuals can make rational decisions and navigate challenges effectively. This enables them to stay focused on their journey and goals.

Q: How do you balance focusing on the present moment with long-term goals?

Adam and his brother prioritize appreciating the present journey while keeping their long-term goals in mind. They believe in finding a balance between focusing on immediate tasks and maintaining a future-oriented mindset. This approach allows for both stability and spontaneity.

Q: How did you handle the transition from being a student entrepreneur to a successful business owner?

Adam and his brother transitioned from being student entrepreneurs to successful business owners by adapting to challenges, seeking help from experts, and continuously learning. They were open to feedback and continuously improved their skills and knowledge.

Q: How do you approach failure and learn from it?

Adam and his brother see failure as an opportunity for growth and learning. They don't let failure define them but use it as a stepping stone to success. This resilient mindset enables them to keep moving forward and continuously improve their products and strategies.

Takeaways

Adam Goldstein's entrepreneurship journey is characterized by embracing the journey, turning negatives into positives, and making conscious and methodical decisions. He emphasizes the importance of experiencing emotions internally while maintaining control externally. Additionally, Adam's early exposure to technology in athletics shaped his passion and expertise in footwear innovation. The ability to pivot and adapt has been a key factor in his success, as demonstrated by the NBA banning his shoe and how it led to tremendous media attention. Adam's approach to decision-making involves clear goals and deliverables, allowing for both stability and spontaneity. Finally, he views failure as an opportunity for growth and maintains a resilient mindset throughout his entrepreneurial journey.