After helping lead his family business to a multimillion-dollar exit, a tragic loss and a life-changing injury shifted Badal Shah’s perspective. His road to recovery led him to the forefront of the growing CBD industry, and now he’s looking to make his most meaningful mark.
On this Episode of The Besomebody Podcast:
4:30 Traits of a winning team player. “There’s winning leadership behavior, winning leadership characteristics that people can still display and show, even if they’re lower on the continuum of capacity and work. Even if you’re a 4, 5 or 6, which isn’t really good for our company, but you’re displaying winning behavior, myself as a leader can notice it. That’s the character of the type of person that we want.” -KS
11:11 Badal’s early experiences with entrepreneurship. “My father was an entrepreneur. Seeing him growing up and his grind, sacrifice, and never being around – not by choice but by necessity – to make it work for our family was just something that really became engrained in me. My first entrepreneurial experience was with him and the family chemical business. Myself, my brother and father built a business that taught me a lot of things. It was really the hustle of doing it from scratch and bootlegging, trying to make something out of very little.” – BS
14:02 The evolving definition of “success.” “We sold [the chemical company] in January 2017 – you think you’ve been waiting for this moment, put in all this blood, sweat, and tears waiting for the wires to come in. You think that’s the biggest moment of your life. Three minutes after the wire hit, my best friend’s wife passed away. It just hit me in terms of what is really important in life. From that moment I wanted to challenge myself to be highly passionate in what I was doing and then also have impact. That became very important. You always think about what success means, then you achieve some of it and you realize that definition was wrong the whole time.” -BS
16:17 Money as a motivation. “I finally realized money isn’t number one. It’s in my top three – it’s number three. Number one is to make a positive impact on the world – legacy, things like that. Number two is to build that mechanism that makes that impact with people that I love and care about – people I love going to work with, and I enjoy being around. Number three is to hopefully be successful and make some money doing it. That’s really helped me get my mind where it needs to be. If I didn’t have the number one, that broader purpose, then I wouldn’t be fulfilled in the work…but also if I didn’t have number three, the financial, then I wouldn’t be able to serve as many people. I always see money as a symptom, not a purpose. Being able to build a successful business enables you to employ more people, help more people, make some more investments, and grow. The balance of those three things – of the impact that you’re making in number one, the right people around you, and then strong business and financial success as well – has been pretty powerful.” -KS
33:28 Preparing for leading in the post-COVID space. “How do we end on the other side of this pandemic as a market leader? We’re doing things, making investments, continuing with our growth plans. For example, we’re adding some highly sophisticated technical capabilities to be able to come out on the other side of this to be positioned as one of the leaders in the space that can both serve the industry from the B2B side, but also with two brands that are scalable and ready for global growth.” -BS
42:25 Kash’s One Big Thing. “So many entrepreneurs have to make these quick, gut, strategic decisions that blend both art and science, without a ton of data. But you still have to take that risk; you still have to go for something. When it works, everyone is applauding you and telling you how smart you are, how you’re a genius. When it doesn’t, you’re an idiot. That’s why you can’t get wrapped up in the wins and losses. You can’t get wrapped up in the applause or ‘boos’ you get, the love or hate you get from other people. You have to believe in what you’re doing, believe in the decision you made at that time, and make sure you’ve made it for the right reasons. You take the result as it comes. The same people that are calling you a genius today, are going to call you an idiot tomorrow.” -KS