Jack CanfieldAUTHOR I SUCCESS COACH I SPEAKER | CEO, The Canfield Training Group

Jack Canfield & Nathan Nguyen discuss the "WHY" behind successful businesses

Name: Jack Canfield & Nathan Nguyen discuss the "WHY" behind successful businesses
Uploaded: 2011-10-28T20:28:50+00:00
Duration: 30 s
Channel: Jack Canfield
Description: This content was created by Jack Canfield. This content was uploaded by Jack Canfield. This is a YouTube interview/promo titled "Jack Canfield & Nathan…

28 Oct 2011 · 1 min

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This content was created by Jack Canfield. This content was uploaded by Jack Canfield. This is a YouTube interview/promo titled "Jack Canfield & Nathan Nguyen discuss the "WHY" behind successful businesses" (clip date: 2011-10-28) featuring Jack Canfield (host) and entrepreneur Nathan Nguyen. Jack introduces an hour-long interview in which Nathan describes starting a business in college that earned $1M in its first year and now runs a ~$5M/year company. The discussion centers on the importance of having a clear "why" for a business—solving real problems for a community—and teases a larger philanthropy/fundraising plan. The clip promotes the Inner Circle Club and directs viewers to jackcanfield.com to watch the full interview.

Hi, I'm Jack Canfield from the Inner Circle Club, and I'm here with Nathan Nguyen. We just completed an amazing interview where I interviewed him about his experiences of starting a business when he was in college that actually netted a million dollars in its first year. And just an incredible entrepreneur. And we talked about a number of things that were amazing, but the thing that impressed me the most was about why it was important to have a why behind what your why is when you start a business. Can you talk about that for a minute?
Yeah. For me, a business solves a problem for a community or for society. So if a business shuts down tomorrow, if our business shuts down tomorrow, and if our community and our services doesn't really matter, then we should not be in business at all. And so the why for why we should be in business should always be the real reason why we should keep the doors open. The day where we stop solving problems for people, the days we shut our doors as well. So we're in the solution business.
So if you want to learn more about how to start a business, what the underlying principles of that are, here's a guy, 25 years old, running a $5 million a year business, and is sitting on a plan that we shared over lunch we can't talk about yet that is literally going to change the world in terms of philanthropy and fundraising. Tune into our interview, come to jackcampfield.com, click on the Inner Circle Club, and you'll find out how to watch the entire hour long interview with Nathan. See you at the Inner Circle Club.