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Business Ideas: 3 Business Lessons From J.K. Rowling


hi I’m Evan Carmichael and welcome to

hi I’m Evan Carmichael and welcome to another edition of modeling the Masters

another edition of modeling the Masters

another edition of modeling the Masters today we’re going to look at how a

today we’re going to look at how a

today we’re going to look at how a single mother on welfare followed her

single mother on welfare followed her

single mother on welfare followed her passion for writing and became the first

passion for writing and became the first

passion for writing and became the first billion-dollar author and highest

billion-dollar author and highest

billion-dollar author and highest earning novelist in history this is a

earning novelist in history this is a

earning novelist in history this is a story of JK Rowling and the top three

story of JK Rowling and the top three

story of JK Rowling and the top three lessons that you can learn from her

lessons that you can learn from her

lessons that you can learn from her success JK Rowling is a British author

success JK Rowling is a British author

success JK Rowling is a British author best known as a creator of the harry

best known as a creator of the harry

best known as a creator of the harry potter fantasy series rolling was a

potter fantasy series rolling was a

potter fantasy series rolling was a single mother living on welfare working

single mother living on welfare working

single mother living on welfare working as a secretary was not how she had

as a secretary was not how she had

as a secretary was not how she had envisioned her life she had admittedly

envisioned her life she had admittedly

envisioned her life she had admittedly reached her own personal rock bottom

reached her own personal rock bottom

reached her own personal rock bottom without even enough money to pay the

without even enough money to pay the

without even enough money to pay the electricity bill rolling knew she had to

electricity bill rolling knew she had to

electricity bill rolling knew she had to do something to provide a better life

do something to provide a better life

do something to provide a better life for her and her baby daughter but what

for her and her baby daughter but what

for her and her baby daughter but what she wondered the answer came to her

she wondered the answer came to her

she wondered the answer came to her while riding the train one day that was

while riding the train one day that was

while riding the train one day that was when Harry Potter came to life after

when Harry Potter came to life after

when Harry Potter came to life after completing the first Harry Potter book

completing the first Harry Potter book

completing the first Harry Potter book twelve publishers rejected it but number

twelve publishers rejected it but number

twelve publishers rejected it but number 13 proved to be the lucky one within a

13 proved to be the lucky one within a

13 proved to be the lucky one within a few months Rowling’s Harry Potter

few months Rowling’s Harry Potter

few months Rowling’s Harry Potter character had come to life between the

character had come to life between the

character had come to life between the pages of a book in England a few months

pages of a book in England a few months

pages of a book in England a few months after that the American rights to the

after that the American rights to the

after that the American rights to the novel were bought for a hefty sum with

novel were bought for a hefty sum with

novel were bought for a hefty sum with that rolling finally quit her teaching

that rolling finally quit her teaching

that rolling finally quit her teaching job and decided to focus full-time on

job and decided to focus full-time on

job and decided to focus full-time on writing today the store is rolling first

writing today the store is rolling first

writing today the store is rolling first wrote in coffee shops have become famous

wrote in coffee shops have become famous

wrote in coffee shops have become famous the world over not only has books but as

the world over not only has books but as

the world over not only has books but as movies computer games music and more

movies computer games music and more

movies computer games music and more she’s the world’s first billion-dollar

she’s the world’s first billion-dollar

she’s the world’s first billion-dollar author and the highest earning novelist

author and the highest earning novelist

author and the highest earning novelist in history the Potter books have gained

in history the Potter books have gained

in history the Potter books have gained worldwide attention when multiple awards

worldwide attention when multiple awards

worldwide attention when multiple awards sold more than 400 million copies I’m in

sold more than 400 million copies I’m in

sold more than 400 million copies I’m in the basis for popular series of films in

the basis for popular series of films in

the basis for popular series of films in 2007 time magazine named rolling

2007 time magazine named rolling

2007 time magazine named rolling runner-up for its Person of the Year and

runner-up for its Person of the Year and

runner-up for its Person of the Year and 2010 forbes estimated her net worth to

2010 forbes estimated her net worth to

2010 forbes estimated her net worth to be 1 billion dollars

by following her passion am I never

by following her passion am I never giving up ruling gut off welfare and

giving up ruling gut off welfare and

giving up ruling gut off welfare and went on to become a billionaire to help

went on to become a billionaire to help

went on to become a billionaire to help you tap into your passion here are three

you tap into your passion here are three

you tap into your passion here are three action items that you can learn from JK

action items that you can learn from JK

action items that you can learn from JK Rowling action item number one get over

Rowling action item number one get over

Rowling action item number one get over your fear of failure nobody wants to

your fear of failure nobody wants to

your fear of failure nobody wants to fail but you can’t let the fear of

fail but you can’t let the fear of

fail but you can’t let the fear of failing prevent you from making

failing prevent you from making

failing prevent you from making important decisions in your life

important decisions in your life

important decisions in your life anything that’s worth doing will come

anything that’s worth doing will come

anything that’s worth doing will come with a healthy dose of fear successful

with a healthy dose of fear successful

with a healthy dose of fear successful entrepreneurs are the ones who can plow

entrepreneurs are the ones who can plow

entrepreneurs are the ones who can plow through that fear and come out

through that fear and come out

through that fear and come out victorious on the other side rolling

victorious on the other side rolling

victorious on the other side rolling couldn’t believe the number of different

couldn’t believe the number of different

couldn’t believe the number of different stories publishing houses gave her

stories publishing houses gave her

stories publishing houses gave her that’s why they didn’t want to print her

that’s why they didn’t want to print her

that’s why they didn’t want to print her manuscript her story was too long too

manuscript her story was too long too

manuscript her story was too long too fantastical I wouldn’t do well selling

fantastical I wouldn’t do well selling

fantastical I wouldn’t do well selling to a mainstream audience they said she

to a mainstream audience they said she

to a mainstream audience they said she remained patient and had faith in her

remained patient and had faith in her

remained patient and had faith in her product she continued to send it out the

product she continued to send it out the

product she continued to send it out the publishing houses until she found one

publishing houses until she found one

publishing houses until she found one who saw in her story which she did a

who saw in her story which she did a

who saw in her story which she did a success it was one year before the time

success it was one year before the time

success it was one year before the time rolling finished her first Harry Potter

rolling finished her first Harry Potter

rolling finished her first Harry Potter book to the time that a publisher

book to the time that a publisher

book to the time that a publisher finally agreed to buy it and publish it

finally agreed to buy it and publish it

finally agreed to buy it and publish it according to Rolling anything is

according to Rolling anything is

according to Rolling anything is possible if you’ve got enough nerve I

possible if you’ve got enough nerve I

possible if you’ve got enough nerve I was determined to try I was determined

was determined to try I was determined

was determined to try I was determined to try because frankly my life was such

to try because frankly my life was such

to try because frankly my life was such a mess at that point what what was the

a mess at that point what what was the

a mess at that point what what was the worst that could happen everyone turned

worst that could happen everyone turned

worst that could happen everyone turned me down big deal

action item number two make every second

action item number two make every second count you only have so much time today

count you only have so much time today

count you only have so much time today to get work done and as entrepreneurs we

to get work done and as entrepreneurs we

to get work done and as entrepreneurs we usually have too many projects on the go

usually have too many projects on the go

usually have too many projects on the go to keep track of it’s hard work getting

to keep track of it’s hard work getting

to keep track of it’s hard work getting the business off the ground and you need

the business off the ground and you need

the business off the ground and you need to make every second count Harry Potter

to make every second count Harry Potter

to make every second count Harry Potter came to life on a day that Rowling was

came to life on a day that Rowling was

came to life on a day that Rowling was stuck on a train between manchester and

stuck on a train between manchester and

stuck on a train between manchester and london during the four-hour delay

london during the four-hour delay

london during the four-hour delay passenger sitting next to her might have

passenger sitting next to her might have

passenger sitting next to her might have used the time to catch up on some sleep

used the time to catch up on some sleep

used the time to catch up on some sleep but rolling was determined to use time

but rolling was determined to use time

but rolling was determined to use time to her advantage whether it was a

to her advantage whether it was a

to her advantage whether it was a 15-minute break from her secretarial

15-minute break from her secretarial

15-minute break from her secretarial duties at Amnesty International or 30

duties at Amnesty International or 30

duties at Amnesty International or 30 minute nap time break from her baby

minute nap time break from her baby

minute nap time break from her baby daughter Rowland used every spare second

daughter Rowland used every spare second

daughter Rowland used every spare second to dream up and jot down points for her

to dream up and jot down points for her

to dream up and jot down points for her story according to Rolling where the

story according to Rolling where the

story according to Rolling where the idea of Harry Potter actually came from

idea of Harry Potter actually came from

idea of Harry Potter actually came from I really couldn’t tell you I was

I really couldn’t tell you I was

I really couldn’t tell you I was traveling on a train between manchester

traveling on a train between manchester

traveling on a train between manchester and london and it just popped into my

and london and it just popped into my

and london and it just popped into my head i spent four hours thinking about

head i spent four hours thinking about

head i spent four hours thinking about what hogwarts would look like the most

what hogwarts would look like the most

what hogwarts would look like the most interesting train journey I’ve ever

interesting train journey I’ve ever

interesting train journey I’ve ever taken by the time I got off at Kings

taken by the time I got off at Kings

taken by the time I got off at Kings Cross many of the characters in the

Cross many of the characters in the

Cross many of the characters in the books had already been invented

action item number three love what you

action item number three love what you do if you don’t love what you do you’re

do if you don’t love what you do you’re

do if you don’t love what you do you’re not going to have much success as an

not going to have much success as an

not going to have much success as an entrepreneur you’re going to quit as

entrepreneur you’re going to quit as

entrepreneur you’re going to quit as soon as it gets tough and you’re not

soon as it gets tough and you’re not

soon as it gets tough and you’re not going to make a meaningful contribution

going to make a meaningful contribution

going to make a meaningful contribution to your community as with all matters of

to your community as with all matters of

to your community as with all matters of the heart you’ll know it’s right when

the heart you’ll know it’s right when

the heart you’ll know it’s right when you find it rolling wanted to make your

you find it rolling wanted to make your

you find it rolling wanted to make your contribution to the world to add her

contribution to the world to add her

contribution to the world to add her unique something that nobody else could

unique something that nobody else could

unique something that nobody else could bring to the table and that unique

bring to the table and that unique

bring to the table and that unique something was her writing she never went

something was her writing she never went

something was her writing she never went searching for the kind of success that

searching for the kind of success that

searching for the kind of success that she’s received today she simply wanted

she’s received today she simply wanted

she’s received today she simply wanted to do best but she loved most and that

to do best but she loved most and that

to do best but she loved most and that was writing putting the rolling I just

was writing putting the rolling I just

was writing putting the rolling I just write what I wanted to write I write

write what I wanted to write I write

write what I wanted to write I write what amuses me it’s totally for myself

what amuses me it’s totally for myself

what amuses me it’s totally for myself I’m an extremely lucky person doing what

I’m an extremely lucky person doing what

I’m an extremely lucky person doing what I love best in the world I’m sure that

I love best in the world I’m sure that

I love best in the world I’m sure that I’ll always be a writer

so remember get over your fear of

so remember get over your fear of failure make every second count and love

failure make every second count and love

failure make every second count and love what you do to finish up this video I

what you do to finish up this video I

what you do to finish up this video I wanted to share one of my favorite true

wanted to share one of my favorite true

wanted to share one of my favorite true stories of JK Rowling and some of her

stories of JK Rowling and some of her

stories of JK Rowling and some of her best quotes Harry Potter was not an

best quotes Harry Potter was not an

best quotes Harry Potter was not an instant success in fact at the very

instant success in fact at the very

instant success in fact at the very first book reading rolling did for her

first book reading rolling did for her

first book reading rolling did for her first Harry Potter novel only four

first Harry Potter novel only four

first Harry Potter novel only four people showed up to hear her the staff

people showed up to hear her the staff

people showed up to hear her the staff of the bookstore felt so sorry for her

of the bookstore felt so sorry for her

of the bookstore felt so sorry for her that they stood around and listen to

that they stood around and listen to

that they stood around and listen to Roland’s editor then advised her to get

Roland’s editor then advised her to get

Roland’s editor then advised her to get a day job since she had little chance of

a day job since she had little chance of

a day job since she had little chance of ever making money in children’s books

thank you for joining me for another

thank you for joining me for another edition of modern masters if you enjoyed

edition of modern masters if you enjoyed

edition of modern masters if you enjoyed the video please give it a thumbs up and

the video please give it a thumbs up and

the video please give it a thumbs up and also love to hear your comments if you

also love to hear your comments if you

also love to hear your comments if you leave some feedback below the video and

leave some feedback below the video and

leave some feedback below the video and stay tuned for the next episode

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