How to Own Opportunity and Discover your Million Dollar Idea

Speaker: Michele Romanow, ‘Dragon’ on CBC’s Dragon’s Den, Co-Founder of Clearbanc

We all have great ideas, but what does it take to transform a great idea to a million dollar idea? Michele Romanow is a Canadian tech entrepreneur and the youngest ‘Dragon’ on CBC’s hit show “Dragon’s Den”. In this episode of Live from the Podium, Michele explains the 3 things you need to know before starting a successful business.

Minutes	Description
2:06	What I wish I knew before starting a business: Building a business is messy Stop planning and start executing Innovation comes from iteration, not one big eureka moment
3:11	Being “scrappy”, turning “no” into “yes”, and learning to be resourceful
4:56	Starting a fish-farm at 21 years old, learning how to be scrappy to make caviar and make it quickly
17:56	Execution is better than planning
18:46	Starting at Buytopia, approaching the process of starting a business in a new way
22:23	You need to fail to be successful as an entrepreneur
26:26	Innovation through iteration — there’s no such thing as a “eureka moment”
27:46	Stories of companies that started with small ideas and developed massive ideas through iteration Uber Cirque de Soleil Airbnb
35:11	Starting Clearbanc
37:26	Summary remarks