EP 325: She Sold Her Busines to Bill Gates

Published: June 14, 2016, 9 a.m.

Beate Chelette. Beate went from being a single mother in debt, to selling her image licensing business to Bill Gates for millions. She\u2019s a successful coach and speaker, and the author of Happy Woman, Happy World and The Women\u2019s Code. Listen in to learn why equality and diversity are good for business, how to build a million-dollar company without owning any assets, and the hard story behind success.

Famous 5:

Favorite Book? \u2013 The Compound Effect
What CEO do you follow? \u2014 Marc Benioff
Favourite online tool? \u2014 Infusionsoft
Do you get 8 hours of sleep?\u2014 Yes
If you could let your 20 year old self know one thing, what would it be? \u2014 Don\u2019t take it so personally. And it takes time.

Time Stamped Show Notes:
01:11 \u2013 Nathan\u2019s introduction
02:20 \u2013 Welcoming Ilya to the show
02:40 \u2013 Biyathe cornered the market in architecture and interiors photography
03:40 \u2013 Acquired by Bill Gates\u2019 business Corbis
04:40 \u2013 Were at around $1 million in revenue from licensing
05:02 \u2013 \u201cYou can build a business where you don\u2019t own any assets...we just had the rights to assets\u201d
05:40 \u2013 Sold for a multiple on the gross margin
06:38 \u2013 \u201cYou come to the point where you ask: \u2018What did I do it for? What drives me?\u2019
07:25 \u2013 Success comes with an obligation to share information
08:08 \u2013 When successful people tell their stories, they tend to gloss over the tough parts
09:12 \u2013 Co-founded the publishing company that published her book
09:44 \u2013 Happy Women, Happy World has sold in the low 1000s so far
10:14 \u2013 \u201cI didn\u2019t want to manipulate the system to get a bestseller\u201d
10:55 \u2013 Published in September 2015
11:20 \u2013 It\u2019s designed to be easy to consume in short chunks - \u201ca purse or bathroom book\u201d
12:40 \u2013 Started building an email list before her book - has around 17k engaged list members
14:30 \u2013 Beate\u2019s started training and speaking on why gender equality and diversity is good for business
15:24 \u2013 Connect with Beate Chelette on Linkedin at the Creative Entrepreneur Forum or at her website
17:33 \u2013 The Famous Five


3 Key Points:
Understand yourself. Understand what drives you.
Equality and diversity are good for business
Success does not come until you\u2019re clear who you are, what you\u2019re doing it for, and how you can sell yourself
Resources Mentioned:
Host Gator \u2013 The site Nathan uses to buy his domain names and hosting for cheapest price possible.
Freshbooks - The site Nathan uses to manage his invoices and accounts.
Leadpages \u2013 The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
Audible \u2013 Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.

Show Notes provided by Mallard Creatives

\xa0