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How I Turned $5,000 Into $2.6 Billion

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šŸ‘‰ If you need help starting your own business I just relaunched my course Monthly1K. It’s $10 for a limited time (normally $600). Sign up at http://okdork.com/monthly1kyt Paul Orfalea is the founder of Kinkos which sold to Fedex for $2.6 Billion in 2004. In this interview I ask him: 1) how he turned a $5000 investment into a $2.6 Billion company, 2) what it's like living the billionaire lifestyle and 3) his business advice to entrepreneurs getting started out. šŸ”” Subscribe: https://www.youtube.com/channel/UCF2v8v8te3_u4xhIQ8tGy1g?sub_confirmation=1 āœ‰ļø My Newsletter (I reply to emails): https://okdork.com/?utm_source=okdork&utm_medium=youtube&utm_campaign=dork-growth-hack šŸ“ˆ AppSumo’s Newsletter to grow your business: appsumo.com/Noah šŸ“ø Connect on IG. I reply to DMs. https://www.instagram.com/noahkagan/ Timestamps: 00:00 - Intro 01:11 - Selling the business 02:38 - How Paul made his money 04:07 - How he turned Kinko’s into a billion-dollar business 11:01 - How he felt selling Kinko’s 14:05 - Was it worth it? 16:46 - Advice for people starting out 17:57 - Paul’s first job 18:37 - Paul’s superstition / Why Paul doesn’t brag 21:18 - Finding your business’ weaknesses 22:58 - What makes a store good 25:00 - Other businesses Paul started 26:35 - How people should live their lives 27:12 - Paul was lucky 29:32 - How Paul enjoyed the money 31:18 - Silliest ways Paul spent money 32:37 - Paul’s plane 34:55 - Is Paul happy? 36:24 - What Paul wasted money on 36:55 - How Paul’s wife impacted the business 38:47 - Paul’s memorable moments 39:53 - The day Paul sold Kinko’s 40:51 - Lowest moments of running Kinko’s 43:47 - What most people don’t know about being wealthy 44:47 - Paul’s charitable causes 45:56 - How Paul raised his kids with money 47:35 - Paul’s legacy 48:01 - Where Paul wants to go in the afterlife 49:40 - How someone can become a millionaire today 51:27 - How to come up with business ideas 52:24 - 3 things you need to be successful 54:17 - Why recognition is important 55:02 - Why Paul wants lawsuits 57:23 - Memorable employee story 58:25 - How do you spend all the money 1:00:41 - Inheriting wealth 1:01:49 - How Paul spends his days 1:03:02 - What makes a great life

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