Ending Soon! Save 33% on All Access

The Secret to Success No One Tells Entrepreneurs Kim Perell was 23, broke and lost. Here's how she found success anyway.

By Entrepreneur Staff

Kim Perell's first business venture left her bankrupt and lost, but she didn't give up. She had a big idea for online marketing, and when the banks refused to offer her a loan, she reached out to her grandmother. And though her grandmother didn't know much about internet marketing -- or even about the internet, for that matter -- she gave her $10,000 to try a fresh start.

For three years, Perell did her best to cut costs and build her business, before eventually selling it to Amobee for $235 million. In this video, Perell breaks down the key to her rebound and success: execution.

Perell says there are five factors that contribute to execution. The first of them is vision. During her last venture, Perell put a post-it note on her mirror of her goals, which she looked at every day. Those reminders helped keep her on course.

Watch the video to learn more about Perell's keys to executing on her business ideas.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Starting a Business

I Wish I Knew These Four Things Before Starting My Own Business

Starting a business is hard work to say the least. These are four lessons I wish someone had shared with me before going solo, so I'm here to share them with you.

Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

Leadership

How a $10,000 Investment in AI Transformed My Career and Business Strategy

A bold $10,000 investment in AI and machine learning education fundamentally transformed my career and business strategy. Here's how adaption in the ever-evolving realm of AI — with the right investment in education, personal growth and business innovation — can transform your business.

Marketing

What I Learned From Spending $5.9 Million on Marketing Last Year

Road-tested tips to 6X your revenue per lead, double your social media leads and increase sales conversations. I know because I lived it!

Science & Technology

3 Major Mistakes Companies Are Making With AI That Is Limiting Their ROI

With so many competing narratives around the future of AI, it's no wonder companies are misaligned on the best approach for integrating it into their organizations.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.