The reality of living in a house with 7 entrepreneurs

Summary

A group of young, high-performing entrepreneurs from around the world gather in a villa in Indonesia for an immersive 8-day experience, blending business collaboration, personal growth, and physical activities. Amid brainstorming sessions, sports, and reflective moments, they form deep connections while sharing stories of success, failure, and resilience. From pitching ideas in a 'Shark Tank' style competition to overcoming personal challenges, the entrepreneurs find inspiration, camaraderie, and new opportunities. This residency exemplifies the power of surrounding oneself with like-minded people for both business and personal development.

Takeaways

• 😀 The entrepreneurs lived together in an Indonesian villa for 8 days, blending work, training, sports, and relaxation.
• 😀 Ash, a successful entrepreneur who built a neon light business from $0 to $30 million a year, shared insights on overcoming business challenges.
• 😀 DJ O, a TikTok influencer turned swimwear brand owner, has an unconventional approach to business and lifestyle.
• 😀 Roomie, who sold over $100k worth of ants at age 14, shared his journey of youthful entrepreneurship.
• 😀 The group experienced a mix of productivity and leisure, including sports like paddle tennis, frisbee, and Ultimate Frisbee.
• 😀 High-performing entrepreneurs often excel in multiple areas of life, including sports, gaming, and niche hobbies.
• 😀 A Shark Tank-style pitch competition was held where participants swapped ideas and presented each other’s projects.
• 😀 Ash's persistence was demonstrated when he convinced a barber to come to the villa for a haircut, despite initial resistance.
• 😀 The entrepreneurs participated in team-building activities like paddle tennis tournaments and discussions on business strategies.
• 😀 The trip culminated in a campfire chat, where the group shared personal stories, business insights, and challenges in a supportive environment.
• 😀 The group left the island with plans for future residencies in various countries, fostering lifelong friendships and potential business collaborations.

Q & A

What was the main goal of the trip to Indonesia for the young entrepreneurs?

The main goal of the trip was to bring together young entrepreneurs from around the world to live and work together in a 'think tank' environment, where they could share ideas, discuss business strategies, and enjoy activities like sports and socializing.

What business did Ash build before losing it all?

Ash built a neon light business that grew from 0 to $30 million in revenue per year, but he eventually lost it all.

How did DJ o leverage TikTok for his business?

DJ o gained popularity on TikTok and funneled the traffic from his followers into his own swimwear brand, significantly boosting its success.

What was the 'Shark Tank' style activity the entrepreneurs participated in?

The entrepreneurs participated in a 'Shark Tank' style challenge where they had 15 minutes to prepare and pitch an idea to the group. The best idea, as voted by the group, would win, but with a twist: they had to swap ideas with another participant and pitch someone else's concept.

What unusual idea was pitched during the 'Shark Tank' challenge?

One of the unusual ideas pitched was a plant subscription service where users could trade their old houseplants for new ones every month once the old plants were on the brink of dying.

What important lesson did one entrepreneur share about decision-making?

One entrepreneur shared the 'rocking chair test,' advising that when we're old, we should ask ourselves what decision we would regret not making. This mindset helps in making tough decisions, especially during difficult times.

What was the significance of the 'magic number' in the Lombok residency?

The 'magic number' was a contact number used by the entrepreneurs in the Lombok residency to order food, book activities, and request services like a barber, reflecting the convenience and level of organization in the residency.

How did Ash react when told that getting a haircut at the villa was not possible?

Ash, showing his determination and resourcefulness, refused to accept the answer and managed to get a barber to come to the villa despite being told it wasn't possible.

What role did sports and physical activities play during the trip?

Sports and physical activities, such as paddle tennis, frisbee, and even surfing, were integral to the trip, helping the entrepreneurs bond, stay active, and unwind from the intensity of work and business discussions.

What was the purpose of the 'art of Monday' campfire chats?

The 'art of Monday' campfire chats were a monthly group therapy-style meeting for the entrepreneurs to share challenges, provide feedback to each other, and create a supportive, rising tide mentality to help one another succeed in their businesses.