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    E141: Classpass Founder: Quitting My 9-5 Led To A $1 Billion Business: Payal Kadakia

    Being intentional about prioritizing love, passion, and purpose over money, fame, and power leads to a more fulfilling life, as demonstrated by Payal Kadakia's story.

    enMay 09, 2022

    About this Episode

    Payal is the founder of Classpass, the app that’s helped millions of users find their passion. Her own love of dancing encouraged her to start a business which enabled anyone, anywhere to find something they loved to do. When Payal’s parents moved to America with no money and no connections, they had to completely start their life from scratch. Payal grew up in a home where her mother often wasn’t home, working late-night shifts to keep her family going. How far Payal has come. Today she shares exactly how she got there. The sheer determination with which she ruthlessly sets her goals and priorities, and then systematically chases after them with everything she’s got, was hugely inspiring to me, and I’m sure it will be to you too. Topics: What made you different? Batling between your passion and 9-5 job Rebelling for your purpose Changing careers and finding new communities Confidence, purpose, and drive to success Why did you start ClassPass? What difficulties did you face starting your business? Living in line with your values What were you like as a manager? Why did you step away from Classpass? Work and family balance Therapy sessions Our last guest’s question Payal: https://twitter.com/payalkadakia https://www.instagram.com/payal Payal's book: https://www.amazon.co.uk/LifePass-Groundbreaking-Approach-Goal-Setting/dp/1399706756 Watch the episodes on Youtube: https://www.youtube.com/c/TheDiaryOfACEO/videos Follow us on Telegram: https://t.me/diaryofaceo Sponsors: Huel - https://my.huel.com/Steven Myenergi - https://bit.ly/3oeWGnl Vodafone Business - https://bit.ly/3NIM35n https://bit.ly/3AuPKsA Learn more about your ad choices. Visit podcastchoices.com/adchoices

    🔑 Key Takeaways

    • Discovering and pursuing one's passion can provide a sense of purpose and authenticity, guiding individuals through life's challenges and empowering them to be their true selves.
    • Living a fulfilling life requires breaking free from societal and family expectations, and pursuing one's own desires and dreams. Reflect on personal expectations and strive for genuine joy and purpose.
    • Sometimes, rebelling against societal expectations and finding the right balance between conformity and rebellion is necessary to live a fulfilling and authentic life.
    • Rebellion done for the right reasons can lead to fulfillment. Finding purpose, pursuing passion, and surrounding oneself with a supportive community are key to personal growth and success.
    • Discover your why, explore your passions, and overcome self-imposed limitations to find your purpose and make a positive impact on others' lives. Material success is not as fulfilling as living a life with meaning.
    • Embrace new experiences, challenge norms, and prioritize what brings you joy. Explore opportunities outside of your routine to find fulfillment and incorporate your passions into your life.
    • Recognizing a problem, having the right skills, and being determined to fight for your mission can lead to success in entrepreneurship.
    • Taking deliberate steps towards your dreams, saving and prioritizing, and maintaining a good reputation can open doors to unexpected opportunities and support.
    • Focus on the most important tasks, overcome challenges, and learn from failures to achieve success in leadership and entrepreneurship.
    • Successful entrepreneurs must be willing to adapt, discard past ideas, and deeply understand and solve problems. They should prioritize finding a product-market fit and remain mission-obsessed rather than product-obsessed. Customer engagement is crucial for gaining real-world insights and adjusting strategies accordingly.
    • Embracing variety, learning from failures, and prioritizing mental health are crucial for building a successful business. It's a marathon, not a sprint, so set goals and practice self-care to prevent burnout.
    • Being intentional about prioritizing love, passion, and purpose over money, fame, and power leads to a more fulfilling life, as demonstrated by Payal Kadakia's story.
    • Give people the freedom to showcase their potential, hire talented individuals, and delegate tasks that don't align with your passions to maintain a sense of purpose and fulfillment as a leader.
    • Passion, dedication, and perseverance are crucial in solving problems and making a positive impact on society. Embracing new opportunities for personal growth is essential, and inspiring future generations, especially women, is a valuable pursuit.
    • Open communication, flexibility, and prioritization are the key ingredients to maintaining a successful romantic relationship while pursuing big dreams. Support each other, set clear goals, and be adaptable. Seek therapy for valuable support.
    • Addressing mental and emotional well-being, finding purpose, and striving for alignment with our passions can lead to true mastery and a fulfilling life.

    📝 Podcast Summary

    The transformative power of finding and embracing one's passion.

    Discovering and pursuing one's passion can serve as a guiding light and anchor throughout life. Payal Kadakia found her hunger and sense of purpose through dance at a young age. It wasn't just about the physical act of dancing, but the ability to make others feel through her performances. This realization led her to strive for that same intention in everything she did. She found that dance allowed her to be the most authentic version of herself, especially in settings where she felt she didn't belong. Despite facing resistance and struggling to conform to different communities, Payal held onto her identity and fought for the freedom to be herself. This journey highlights the transformative power of finding and embracing one's passion.

    Breaking free from societal expectations to find true fulfillment.

    Living a life based on the expectations of others can lead to emptiness and a feeling of hopelessness. Payal Kadakia opened up about her own experiences of feeling boxed in by societal and family expectations, such as pursuing a successful career and getting married. While she initially followed these expectations, she realized that checking all the boxes left her lacking passion and fulfillment. She emphasizes the importance of discovering and pursuing one's own desires and dreams, rather than conforming to societal norms. By doing so, individuals can find true purpose and satisfaction in their lives. It is crucial to take the time to reflect on personal expectations and strive for a life that brings genuine joy and a sense of purpose.

    Balancing conformity and rebellion for an authentic life

    It is important to consider the trade-offs and sacrifices we make in our lives. Payal Kadakia realized that her demanding consulting career was causing her to sacrifice her true passions and authenticity. She didn't want to hide who she was and desired more flexibility and balance. This realization led her to make the difficult decision to leave her job and pursue opportunities that aligned with her values. It is common for societal expectations and conformity to drive our choices, but at some point, rebellion may be necessary to reclaim our true selves. Finding the right balance between conformity and rebellion allows us to live a more fulfilling and authentic life.

    Finding purpose through rebellion and community support

    Rebellion, when done for the right reasons, can lead to fulfillment and purpose in life. Payal Kadakia explains that many people, particularly those from first-generation immigrant families, start off as conformists or people pleasers, but eventually realize that this doesn't bring them happiness or mental health. The rebellion starts when they seek purpose in life. When Payal rebelled, it was not just for the sake of rebellion, but for her passion and purpose in dance. She believes that life should be about fighting for something meaningful. Additionally, she emphasizes the importance of finding a supportive community that makes you feel whole, even if it means leaving behind familiar connections. Surrounding oneself with the right people is crucial in pursuing personal growth and success.

    Building Confidence and Finding Purpose: Small Steps, Big Impact

    Building confidence and finding purpose is a journey of small steps. Payal Kadakia shares her own experience of starting small, putting on successful shows, and gradually gaining the confidence to pursue her dreams. She emphasizes that it's important to find and follow your own why, the driving force that gives meaning to your life. Payal believes that everyone has a purpose beyond their 9 to 5 job, but it requires self-reflection and willingness to listen to what truly excites and inspires you. Society may impose expectations, but it's necessary to overcome self-imposed limitations and actively explore your passions and interests. Ultimately, finding your purpose and making a positive impact on others' lives is far more fulfilling than material success.

    Breaking Free: Rediscovering Passion and Purpose

    It's essential to break free from the constraints of our routines and explore new things in order to find fulfillment and purpose in our lives. Payal Kadakia's personal journey of feeling trapped by the limitations of her job and rediscovering her passion for dance highlights the importance of stepping out of our comfort zones and trying new experiences. By creating ClassPass, she aimed to provide others with the opportunity to break free from their routines and discover activities that bring them joy. This conversation emphasizes the need to ask ourselves what truly lights us up and find ways to incorporate those passions into our lives, even if it means challenging the norms and taking risks.

    Payal Kadakia's entrepreneurial journey: from recognizing a gap to making dance accessible.

    Payal Kadakia's journey as an entrepreneur was driven by a deep passion and a strong desire to solve a problem. She recognized a gap in the market and saw an opportunity to make dance more accessible to people. Payal's mindset of actively searching for a problem to solve, coupled with her background in dance and education from MIT, made her believe that she was the right person to bring her idea to life. She was determined to fight for her mission of making dance a part of people's lives, even when faced with challenges and failures. Payal's strategic approach, backed by practicality and financial planning, allowed her to pursue her dream without the fear of running out of resources.

    Payal Kadakia's Journey: Following Passion and Making Intentional Choices

    Taking deliberate and courageous steps towards your dreams can open doors to unexpected opportunities. Payal Kadakia's journey exemplifies the power of following one's passion and making intentional choices with money. By saving and prioritizing her dreams over smaller things, she was able to build a savings and confidently quit her job to pursue her company. This decision led to a serendipitous encounter with the vice chairman of Warner Music Group, who believed in her and immediately invested in her idea with a $10,000 check. Payal's reputation as a hard worker and her display of courage played a significant role in earning this support. This conversation highlights the importance of maintaining a good reputation and the potential doors that open when one has the confidence to pursue their dreams.

    Taking Control and Building a Foundation for Success

    Being in control of your life and your dreams is crucial for success as a leader or CEO. Payal emphasizes the importance of making hard decisions and earning your stripes in order to build the necessary foundation for future achievements. She highlights the significance of not worrying about peripheral constraints, such as bills or skills, and instead focusing on the most important task at hand. By setting ourselves up for success and eliminating distractions, we can be more impactful in solving the most important issues. Additionally, the conversation highlights the challenges of launching a product without fully understanding the target audience's psychology. Payal's experience teaches us the importance of adapting and learning from failures in order to eventually succeed.

    Adaptation and Problem-Solving: Key Skills for Entrepreneurial Success.

    Being a successful entrepreneur requires a willingness to adapt and change direction. Payal Kadakia shares her experience of realizing that simply following traditional blueprints and focusing on vanity metrics is not enough. It is crucial to deeply understand and solve the problem at hand, even if it means throwing away past ideas and starting anew. Steven Bartlett highlights the danger of becoming romantically attached to initial hypotheses and pushing for a fit that may not exist. Instead, entrepreneurs should prioritize creating a product-market fit and remain mission-obsessed rather than product-obsessed. This includes actively engaging with customers and stakeholders to gain real-world insights and adjust strategies accordingly.

    Variety, Adaptability, and Learning from Failure in Business

    Variety and adaptability are essential in business. Payal Kadakia discovered that people craved variety in their workouts, wanting to try new things instead of repeating the same routine every day. This realization led to the development of ClassPass, a monthly subscription service that allowed users to explore different fitness classes. Payal's journey also emphasizes that failure should not be seen as an endpoint, but rather as a valuable data point for learning and growth. Sacrifices and intense dedication are often required when starting a business, but it is important to prioritize mental health and find a balance. Building a successful business is a marathon, not a sprint, and goals and self-care practices can help maintain focus and prevent burnout.

    The Importance of Priorities and Manifestation for a Fulfilling Life

    Being intentional and clear about your priorities is crucial for living a fulfilling life. Payal Kadakia realized the importance of cultivating relationships and focusing on her health and passions after realizing that other areas of her life were a mess. By setting goals and being intentional about her actions, she was able to meet her husband, achieve professional success, and accomplish everything on her dream list. This emphasizes the power of manifestation and having a clear purpose. When individuals prioritize love, passion, and purpose over money, fame, and power, they are more likely to be led in the right direction and live a more fulfilling life.

    Delegation and Focusing on Unique Strengths: The Key to Leadership Success

    Successful leaders recognize the importance of delegation and focusing on their unique strengths. Payal Kadakia emphasizes the need to give people the freedom to showcase their potential, rather than confining them to predefined roles. By hiring talented individuals and building a tribe of great people, leaders can ensure their company's success. Payal's own growth as a leader involved learning to delegate tasks that did not align with her true passion and talents. She realized that she wanted to spend her time solving problems and working directly with customers, rather than being consumed by managerial responsibilities. Ultimately, understanding one's motivations and making strategic decisions about where to invest time and energy are crucial for maintaining a sense of purpose and fulfillment.

    Payal Kadakia's Journey: From Unicorn Valuation to Inspiring Change

    Payal Kadakia's journey with ClassPass, from its inception to its valuation as a unicorn, has not only been about financial success but also about making a positive impact on society. She emphasizes the importance of passion and dedication in solving a problem she deeply cares about, stating that the early days involved significant leg work to create a product that would drive behavior change. While leaving ClassPass is bittersweet, Payal recognizes that there are other problems in the world she wants to tackle, and she needs to embrace new opportunities for personal growth. Furthermore, she values the societal impact of her work and hopes to inspire future generations, especially women, to pursue their entrepreneurial dreams and create positive change.

    Nurturing Love and Ambition: The Recipe for Success

    Maintaining a good romantic relationship and family while pursuing big dreams requires open communication, flexibility, and prioritization. Payal Kadakia emphasizes the importance of bringing your partner along the entrepreneurial journey, involving them in decision-making, and supporting each other's ambitions. Clear goal-setting and constant communication are crucial to navigating conflicts and finding compromises that work for both individuals. It's necessary to be adaptable and willing to try new things, just like pivoting in business, if the current situation isn't working. Additionally, seeking therapy or talking to someone can provide valuable support and help make sense of the challenges that arise. Overall, prioritizing each other's happiness and understanding the importance of a balanced life contribute to a successful and fulfilling relationship.

    Overcoming Roadblocks and Finding Purpose

    It is important to work on our minds and identify our roadblocks. Just like Payal Kadakia shared her struggles with feeling physically weak, we all have our own blocks that prevent us from reaching our full potential. The pandemic has destabilized many of us and made it even more crucial to address mental and emotional well-being. Payal's journey and positive energy serve as an inspiration, but she also emphasizes the importance of purpose and alignment. When we are aligned with our purpose, we experience happiness and fulfillment. It is essential to listen to our inner voice, even if it means taking risks or overcoming fears. Striving for alignment with our passions and purpose can lead to true mastery and a fulfilling life.

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    The simplest lifestyle choices are impacting the biggest decisions in a man’s life; entering fatherhood. Dr Michael Eisenberg is a Professor of Urology at Stanford University, and is a male fertility and sexual function specialist In this conversation Michael and Steven discuss topics such as, what is ruining men’s sperm count, the reasons for hair loss, what is causing erectile dysfunction, and the truth about testosterone therapy. (02:02) Why do you do what you do? (02:58) What does reproductive health encapsulate? (04:27) Fertility health is growing (06:14) Researching on fertility issues (06:46) Why are we seeing more infertility? (07:18) Are you concerned about society's fertility issues? (11:14) What chemicals are reducing our sperm count? (13:50) Society measures (14:59) Sperm Quality (20:37) micro plastics affecting sperm count (23:57) Technology and heat fertility damage (30:07) Countries with biggest fertility problems (32:41) Does sitting for long periods affect our sperm count? (33:53) Fertility issues caused by OBESITY (34:46) Alcohol consumption and sperm count (36:32) What you can do to give yourself the best chances of conceiving (39:08) Man or woman, who has the most issues? (40:06) Male testosterone decline (41:31) The impact of exercise on our sperm count (43:04) What does Testosterone do? (45:23) side effects of taking testosterone (48:18) Common symptoms of testosterone use (51:01) Female fertility (51:57) How is Testosterone therapy given? (54:15) Exercise and health impact on testosterone (55:04) Penis average size increasing (57:24) Erectile dysfunction treatments (01:03:58) Pelvic floor strength (01:05:31) What causes cancer in the reproductive system (01:14:20) other male issues Dr Michael is being asked about (01:15:47) Best diets for better fertility (01:24:41) What's next for Dr Michael (01:26:04) biggest concerns (01:27:14) Advice to men who are struggling (01:03:11) Does shock wave therapy work for erectile dysfunction? Follow Michael: Twitter - https://bit.ly/4bazMmQ Watch the episodes on Youtube - https://g2ul0.app.link/3kxINCANKsb My new book! 'The 33 Laws Of Business & Life' is out now - https://smarturl.it/DOACbook Follow me: https://beacons.ai/diaryofaceo Sponsors: NordVPN: https://nordvpn.com/doac - gives you 4 extra months on the 2-year plan. ZOE: http://joinzoe.com with an exclusive code CEO2024 for 10% off Learn more about your ad choices. Visit podcastchoices.com/adchoices

    Rebel Wilson: I Experimented With Ozempic! Childhood Trauma Was The Reason I Couldn't Lose Weight & ALL The Truth About Sacha Baron Cohen!

    Rebel Wilson: I Experimented With Ozempic! Childhood Trauma Was The Reason I Couldn't Lose Weight & ALL The Truth About Sacha Baron Cohen!
    She’s stolen every scene she’s ever been in, but her hardest role might be being herself Rebel Wilson is an Australian actress and producer best known for her roles in films such as, ‘Bridesmaids’, ‘Pitch Perfect’ and ‘Jojo Rabbit’. In this conversation Rebel and Steven discuss topics such as, her battles with self-esteem and her weight, her malaria vision to be an actress, being a virgin at 35, and the truth about Sacha Baron Cohen. You purchase Rebel’s memoir, ‘Rebel Rising’, here: https://amzn.to/4b2hMeh Follow Rebel: Instagram - https://bit.ly/3JIZ1R6 TikTok - https://bit.ly/4dzvl6O Watch the episodes on Youtube - https://g2ul0.app.link/3kxINCANKsb My new book! 'The 33 Laws Of Business & Life' is out now - https://smarturl.it/DOACbook Follow me: https://beacons.ai/diaryofaceo Sponsors: LinkedIn: https://www.linkedin.com/doac Learn more about your ad choices. Visit podcastchoices.com/adchoices

    Moment 160: Menopause Expert: They're Not Telling You The Full Truth! "No Ones Talking About This": Mary Claire Haver

    Moment 160: Menopause Expert: They're Not Telling You The Full Truth! "No Ones Talking About This": Mary Claire Haver
    In this moment, menopause expert, Dr Mary Claire Haver reveals what people don’t understand about the menopause. Right now, about a third of the female population of the world is in some stage of the menopause, however doctors aren’t fully trained to treat it and society is unaware of it’s impacts. A major piece of knowledge that people lack is that there are estrogen receptors in every organ system of the female body, so when estrogen levels drop with the menopause it can have a huge variety of impacts, varying from person to person. Mary believes that giving people this knowledge can help women feel validated and that they aren’t crazy, believing that these symptoms were all in their head. Listen to the full episode here - Apple-https://g2ul0.app.link/ddtfSmG2gJb Spotify- https://g2ul0.app.link/19fQdNK2gJb Watch the Episodes On Youtube - https://www.youtube.com/c/%20TheDiaryOfACEO/videos Mary: https://maryclairewellness.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices