Subscribe to Entrepreneur for $5
Subscribe

How This Entrepreneur Achieved His Greatest Success After His Worst Failure

This man took massive investment from his father-in-law and dad, then couldn't pay them back. Here's how he rebounded.

By
Opinions expressed by Entrepreneur contributors are their own.

In this interview at Clickfunnels’ annual Funnel Hacking Live conference, Emily Richett talks to entrepreneur and coach, Chris Lee, about how he went from filing to reaching eight figures in revenue.

Lee won the 8-Figure Award at Funnel Hacking Live for his solar installation company, Solgen, which was only a year old at the time. He attributes his to learning the hard way how to bring in the right people, create an effective plan and implement the right systems and processes.

“I mean, everyone wants to think it's an overnight success right?” Lee says. “But there's always a ton that goes into the foundation.”

Lee’s foundation was built from the he had to endure before reaching eight figures in revenue.

When Lee built a door-to-door sales business in 2008, he raised from “the two worst sources I possibly could,” he says. “I raised over a million dollars from my father-in-law and over two hundred thousand dollars from my dad, who was a school teacher.”

During his two and a half years of business, Lee says, “I made a ton of poor decisions with partnerships … And you know, ultimately led to the demise of my business.” Lee ended up filing bankruptcy for $2.4 million.

He gets emotional recalling the day he sat his father-in-law down and tearfully admitted to losing everything: “Even though it was terrible and one of the worst experiences of my life, I realized really how it actually was okay. And for me, that is what drives me now … I know what it's like to be there.”

Lee claims his failure ultimately taught him how to run a successful business. “Just being able to go and build over the last eight years,” he says, “is really what has led us to our overnight success.”

Lee’s advice to other entrepreneurs is to ask themselves, “What would you do if you had no fear?”

He says, “If you can constantly do ... the things that you would do if you had no fear, just doing them and figuring out the how afterwards, you'll be successful in anything you want to be.”

Learn more about Lee’s story in the whole video interview above.

Latest

How One Small Button Can Transform the Creator Economy from a Buzz Word to an Actual Economic Model

The co-founder and CEO of PIP, a creator economy monetization solution, shares how his company is helping content creators get paid more easily.

This Company Wants to Pay You for Your Steps. Here's How it Works.

The co-founder and CEO of Sweatcoin explains how the company’s move-to-earn vision is helping people be healthier while also getting brands in front of 100 million users.

Javier Correa of Sombrero Mexican Food on Restaurant Expansion Strategy

Interview with Sombrero Mexican Food Owner Javier Correa Jr. on celebrity endorsements, finding an effective pace, and the balance of scaling a business.

Do You Inspire the Best in People? Apply for the Tony Hsieh Award

The Tony Hsieh Award seeks out progressive, value-driven leaders and innovators

3 Ways to Achieve 'Superhuman Focus' in Just Two Weeks

Focus is a valuable asset for any entrepreneur. Here's how to upgrade your energy, focus, and drive.

5 Questions to Ask Yourself If You're Thinking About Becoming a Health Coach

The chief revenue officer at the Institute for Integrative Nutrition shares how the program works and the myriad of ways you can use a health coaching certification.

Josh Altman and Matt Proman Are Teaming Up to Disrupt the Real Estate Industry

Serial entrepreneur Matt Proman and real estate mogul and 'Million Dollar Listing LA' star Josh Altman have joined forces to launch BidMyListing.com.

Robert "Don Pooh" Cummins of Brooklyn Chop House on Opening Restaurant Doors

Interview with the Brooklyn Chop House owner and franchising expert about working in the music industry, opening restaurants, and creating avenues for black entrepreneurs.

Feeling Unmotivated? 3 Biohacks to Supercharge Your Focus and Drive

Here's Ben Angel on the top three motivation myths and how to use biohacking to become more focused.

This Physician Wants to Change the Way You Carry Your Baby

Dr. Lena Shahbandar is a physician and entrepreneur who designed a new baby carrier to help parents and caregivers reduce back and joint pain.

Jennifer Allen of Levy Restaurants on a Commitment to Company Culture

Interview with Levy Restaurants VP of Restaurants Operations Jennifer Allen about running successful businesses, being a "restaurant girl", and her company's strong values.

How to Bounce Back After Any Setback with Biohacking

Here's Ben Angel on how to apply biohacking and neuroscience to take back control of your life.

Why Companies Need to "Onshore" to Ensure Sustainable Growth

Entrepreneur Network Partner Ashley Crouch sits down with Sidney Wheatley, CIO of the Private Family Office to H.H. Sheikh Mohamed bin Salman bin Abdulla bin Hamad Al-Khalifa.

How One Entrepreneur Is Bringing Back Old School Hospitality to the Hotel Industry

Hotelier Leo Grika shares his career journey, how he's customizing the hotel experience for guests, and his advice for aspiring entrepreneurs.

Discover Entrepreneur Series

Whether you need advice on how to get your business off the ground or you’re just looking for inspiration, our video series have something for everyone. Browse our library below to find a series that speaks to you and your interests.