Shane’s entrepreneurial journey started in 2006 when he dropped out out of university. He went from offline business in the hardware market, to e-commerce, to affiliate niche sites, and from hungry and desperate, to well fed and successful. Now, he created and sells software and information products for a living. He’s sold thousands of copies of his products and he’s built up a business from absolute scratch to 7-figures and beyond.
Time Stamped Notes
- 00:20 Kylon’s Praxis Intro
- 02:50 Kylon introduces Shane
- 05:00 Shane shares his frustrations about web design
- 06:25 Thrive Themes finds its niche
- 07:10 Thrive Theme memberships
- 09:00 Shane’s dropout story
- 15:00 Obsessive Nature
- 18:50 Autonomy
- 23:30 Reactions to Shane’s decision to drop out
- 27:50 Fears and Foresight
- 32:55 Shane shares – from eCommerce to Thrive Themes
- 39:46 Creating a WordPress product
- 41:18 Immersion in the industry
- 45:30 Thrive’s revenue
- 48:09 Shane’s worst entrepreneurial moment
- 52:00 Number 1 thing
- 52:36 The big AHA! moment
- 54:45 Lessons for a younger self
- 57:00 What is success?
- 57:44 Books to reference
- 58:55 Shane’s parting advice
- 01:02:00 Thrive’s current goals
- 01:04:25 Kylon’s Outro
4 Key Points
- The decision to drop out should be substantiated by a real-world understanding and successful past within the craft or trade or profession that you choose over your academic career
- Understand yourself. Foresee your success based on your track record, rather than your assumptions about who you are.
- Don’t drop out to become an entrepreneur. If you’re already an entrepreneur, #justdoit. BUT: Make a smooth transition rather than a leap of faith.
- Immerse yourself in the industry you’ve chosen as a career platform.
- Thrive Themes – Shane’s conversion based WordPress designs & Plugins
- WordPress – Blog website creation tool and domain host
- Praxis – An apprenticeship that continues education, while training and developing your career path. . . Oh yeah, with a 98% employment rate after only 9 months.
- Switch: How to Change Things When Change is Hard by Chip & Dan Heath
- The Happiness Hypothesis: Finding Modern Truth in Ancient Wisdom
- Google Drive – an online resource for sharing data
This episode is brought to you by Praxis
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