575: How to Go From Broke to a $100 Million with Rebecca Minkoff

Achieve Your Goals with Hal Elrod

Hal Elrod

Goals, Lifesuccess, Success, Goalsetting, Halelrod, Business, Achievement, Lifestyle, Motivation, Productivity, Miraclemorning, Self-improvement, Education

4.8 • 1.4K Ratings

🗓️ 26 February 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

For many of us, fear isn’t just a passing emotion—it’s an invisible force that keeps us from taking risks and stepping into our full potential. But what if confronting our fears could motivate and propel us? Today, we’re exploring how to reframe fear as a tool for growth, resilience, and success.

I’m beyond thrilled to share my conversation with Rebecca Minkoff. Rebecca is a world-renowned fashion designer, entrepreneur, and author of Fearless: The New Rules for Unlocking Creativity, Courage, and Success. Her entrepreneurial journey is nothing short of inspiring. From a slow start, as she struggled to get her clothing brand off the ground, she eventually built a $100M+ fashion empire, only to face massive setbacks during the pandemic that forced her to pivot and rebuild.

In this episode, Rebecca shares her unfiltered truth—the wins, the failures, and the mindset shifts that helped her navigate uncertainty and emerge stronger. You’ll hear how she turned fear into fuel, why taking risks is essential to success, and the power of reinvention when faced with obstacles.

KEY TAKEAWAYS

How Rebecca turned a single handbag design into a $100M global brand
The real struggles of entrepreneurship—and how she overcame losing 70% of her business overnight
Why fear is not the enemy—and how to use it to fuel your success
The power of pivoting and reinvention when life throws you curveballs
Questions to ask yourself before starting a business
The honest truth about Rebecca’s experience on The Real Housewives TV show

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Transcript

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0:00.0	Hello and welcome to the Achieve Your Goals podcast, the show that empowers you to wake up to your full potential and achieve your biggest goals and dreams.
0:09.6	I am your host, Hal Elrod, and I invite you to join us each week as we share actionable strategies to take your life to the next level,
0:16.6	as well as interview world-class experts and entrepreneurs who have achieved extraordinary goals
0:21.9	themselves, and we ask them to give you a peek behind the curtain and teach you exactly what
0:26.4	you need to do to do the same. Ready? Here we go. Hello, friends. Welcome to the Achieve Your Goals podcast. I'm your host, Hal Elrod. And today I have the absolute pleasure of welcoming a woman who I am so grateful to know now after the conversation that we just had. And I felt that way going into today after I started researching Rebecca Minkoff. I did not know who she was initially
0:54.4	and someone introduced us, said you have to have this woman on your podcast. She is an inspiring
0:59.6	entrepreneur. She is a world famous iconic designer. She is a leader who is not only had a massive
1:05.9	impact in the fashion industry, but she's written a bestselling book titled Fearless, the new
1:10.4	rules for unlocking creativity, courage, and success. In fact, she wrote's written a best-selling book titled Fearless, the New Rules for
1:11.2	for Unlocking Creativity, Courage, and Success. In fact, she wrote that book a few years ago and just
1:15.5	updated it similar to how I did last year. And so I start looking into Rebecca online and going
1:20.3	on YouTube and Googling who she is and I'm watching videos and I just, I'm so inspired by this
1:25.2	woman. I don't want to give way too much of her story right now, but she basically went from being dead broke to growing a $100 million a year fashion brand by her
1:35.3	name, the Rebecca Minkoff brand. And then in 2020, when the pandemic hit, she went from being a $100 million
1:41.4	company to losing over 70% of her business.
1:44.9	And at that time, she's a mother of three.
1:47.5	She's an entrepreneur.
1:49.0	She's struggling.
1:49.9	She doesn't know what she's going to do.
1:51.1	And her story is just inspiring and it's incredible.
1:54.6	And she has rebounded, grown her company back to where it's extremely successful.
1:58.9	But more importantly, she's gone from being a workaholic
	...

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