The Action Catalyst
Nothing Starts with No, with Bill Rancic (Entrepreneurship, Food and Beverage, Television, Business)
Tue, 04 Jun 2024
Entrepreneur, television personality, author and speaker Bill Rancic talks about becoming an entrepreneur at age 10, the 3 biggest lessons he learned from competing on (and winning) The Apprentice, how he was treated by Trump, words of wisdom from Howie Mandel, breaking down goals into smaller victories, "The Mega-Brands That Built America” on The History Channel, the way fatherhood forced him to change both his personal and business mindset, and learning from Neil Armstrong if the moon landing was a hoax?Mentioned in this episode:Learn more at SouthwesternConsulting.com/Coaching/StudentsSouthwestern Student Coaching
Full Episode
It's the worst possible business you can get into. It has the highest failure rate. It's like investing in resources. It's just like, this is a way to burn money. Horrible idea, horrible idea. It's okay to fail, but it's never okay not to try. We don't learn much from success. We learn a hell of a lot from failure. I've made a lot of mistakes along the way, but I don't make them twice.
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Bill Rancic is the winner of season one of The Apprentice, a successful entrepreneur many times over, author of four books, and has delivered hundreds of speeches for prestigious clients like Coca-Cola, Capital One, Marriott, Wells Fargo, and others. You can now catch him featured on History Channel's The Mega Brands That Built America. Bill, welcome to the Action Catalyst.
Oh, thank you for having me. I have quite an introduction. Bill, you're joining us from Chicago today. You're from Chicago. Your career seems to always keep you around Chicago or take you back to Chicago. For our listeners who've never been there, what's so special about Chicago and why is the pizza better?
Well, I'll answer the first part of the question first, and it's the people. Chicago is a big city that gives you a hug when you come here. The people just are real, they're hardworking, and they're from here. It's generational. And it's like Boston and a lot of these great cities where people take a lot of pride in their city. So the architecture is amazing. The lakefront is incredible.
But at the end of the day, it's about the people. And the pizza just is the best. The deep dish pizza, no one makes it better than here in Chicago. I want to talk about your first entrepreneurial venture. I mean, the very first. When did you catch the button? Well, the first business I had was with my grandma and I was 10. I was at my grandma's for the weekend.
My mom and dad were heading out of town and I woke up one morning and my grandma was in the kitchen making breakfast and I was probably like a lot of entrepreneurs out there. I would always ask a million questions. What goes here? Why are you doing that? How does that work? And my grandmother decided she was going to take me in the kitchen and she was going to teach me how to cook.
I spent all day making pancakes with her in the kitchen. And then the next day I woke up and I raced into the kitchen and I picked up the phone and I called all the old ladies who lived on my grandmother's block. And I invited them all to come over for a pancake breakfast. And they loved it. And then when they left, they all left $5 bills underneath their plate.
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