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Jürgen Ingels

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2026-02-10
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2026-02-10
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  1. For having me, and again, I mean, it's like you said, the book is not just a managerial entrepreneurial book. It's about life lessons.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  2. For me personally, I think I like to inspire people. And that's also what I really like, inspire people to say, okay, go for it, but also give back, pay it forward, give something back to people. Because I've also had a hard time and I've had people who help me. And I know how important it is to have people there with you who can help you make your dreams come true. And the nicest thing for me is the fact that you have like an idea in your head and then being able to realize that idea and one day see what you're thought about and what people said to you. You're crazy. It's never going to work. It's never going to be successful if you then push through and you see that as a success, that I think is important. And obviously have fun while doing it. But it's like if you see a small rock and you've been able in your life to push the rock a little bit even if it's only a tiny bit in the right direction. I think for me that's what really inspires me to do.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  3. Shoot for the moon it says itself. I mean, people sometimes want to set up something, but I think you have to dream big. People don't necessarily dream big enough and you have to be realistic when you dream. It's not like something crazy, but I think you have to have the aspiration or the inspiration to change something in the world and to do something really cool. And I feel that sometimes people talked about tell a story. Share your dreams, share your passion, share where you want to go

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  4. Yes, like what happened with the war or what happens with diseases and so on. So there's always something that you cannot expect. So expect the unexpected.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  5. Yeah, I mean, in 2008, we had banks as our customers, and they wanted to pay the invoice, but they said in the financial system we cannot have any liquidity anymore, so we can't pay the invoices. And we had about, I think, 6 million euro in cost for salaries. So we had to put all the money back into the company just to survive. And what I've learned there is to expect the unexpected because you always think, okay, things are going to move like I think. Well, they don't. And secondly, what I've learned is that you have to almost have like six months of where you have no revenue and you keep all your costs and that amount is something you have to have as a bare minimum in your company so that if things really get bad, that at least for six months you can turn around, you can do some reorganization in your business, you can deal with the problem. And if you don't have that and you don't have the liquidity to do that, then you get into trouble. And so people say, well, it's never going to happen. But I've seen and I experienced in all these years that things happen that are like a crisis.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  6. I do that every month I take from all the companies, I look at all the invoices and I just check them with a glass of wine and go through them. First of all, to let people know that I'm doing that because the fact that they know that I'm doing it makes them behave in a proper way. They're not going to buy expensive wines of $400 if they're on a restaurant. I mean, stuff like that.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  7. That intention And then it improved a lot the way that people were asking stuff because they knew that, okay, if I'm going to go to him, he's going to ask why and I will have to explain. So I better prepare myself very good. And that really helped to improve on the quality of the company.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  8. Oh, yeah. People come to me and say, I would like to have a new secretary or I would like to buy a server or this or that. And I always ask why. And in the beginning, it's strange if you just say why. They look at you and they say, well, why? Because, and they said, no, no, why. And after a while, they knew that I was going to say why. And so they started thinking. And so they started preparing stuff. And they said, okay, I need to have an investment of two more people. And then they wrote a whole business plan on it. And so when they came to me, they already started thinking about why they wanted stuff.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  9. Yes. As you said, I've never had any company where there's no problems. I mean, sometimes they come up early, sometimes later in the process, but you always have problems. And I think having a network around you having people around you who have experienced this is very important.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  10. Is like the internal fuel that you have to actually go for it because being an entrepreneur, there's never the straight throat up. There's always like problems. There's challenges and so on. And then if you don't have this internal fire in you that wants to achieve things.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  11. Yes. So you can actually do But also you can squeeze time because you have somebody next to you that has experience or you have a network of people that you can go to and do things faster

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  12. Yes, it's because if you're 45, you have a kind of network, you've experienced things, you know people, and I think in life it's important what you know, but it's much more important who you know. And if you're 45, you have a network, you have an accountant already that you knew that you worked with, you have a friend that is a sales guy.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  13. There has been a study being looking at what's the best age to start, and people intuitively think, okay, it's 20 years because you're young and you're dynamic and so on. But in fact, it's 45. And the reason why it's 45.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  14. Philosophy as an entrepreneur because if you choose the wrong people who are not really following your philosophy, that can also be a problem. And thirdly, I would say maybe the systems, because you also are growing, you want to grow internationally, you have to have adapt systems, financial systems, accounting and so on. And there I think is also a challenge because you might say, okay, what kind of system I'm going to quickly take something that does it for me and then that might work maybe for a year, but then two, three years later, you'll see that the system that you chose is not really very good enough for you, for your expansion, and you have to rebuild that system again. And that costs money and takes time. And so that, I think, is something that I will do. Look at your cash, look at the people you hire, and look at your systems.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  15. I would say if you are expanding for me, you really have to look at your caste position as well, because sometimes you want to expand. And I think if you expand, it costs cash because you need to have more stock and you have to have give kind of payment times to your customers. All of that is actually something that is really a problem if you don't manage it properly. And so what I do, for instance, to give you an idea is every Monday I look at my cast position and I make a kind of graph of it to actually see how my cash evolves. It's a simple tool, but it shows you is my cash going up or is it going down? Because that's something you make mistakes against. You do it too quickly. I also think if you expand, you probably are going to hire quickly and you're going to put quickly people in and you might say, okay, I just need people because I want to grow, grow, grow. Be very careful at who you pick and make sure that you pick the right people, that are also in line with your.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  16. But sometimes they, yeah, well, it's difficult for a woman because they're not that many women entrepreneurs and they should be much more women entrepreneurs. And that's also some of the things that we do in our portfolio. We actually push women because women always say, oh, maybe I cannot do it, I cannot do it. A guy is going to say, I know 80%, but I'm going to do it anyway. A woman is going to say, I only know 80% and not 100, I'm not going to do it. And so we have to sometimes push women because they can do it, but they're a bit more reserved because they think, oh, it's not going to work, maybe not, maybe not. And so giving that extra push, I think, is important.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  17. I would demystify it. Yeah, it's not because it's a woman that she should not be able to get money. I mean, make sure that all the things that you need in order to get money, make a great business plan, tell a story because for me. Raising capitalists, obviously, about the technicalities. It's about the fact that you have to have a business and a product and a market and so on. But you have to have a story. You have to catch the imagination of the investor because an investor is also human. And so he wants to hear the story. And in my position, I think if you tell a story as an entrepreneur, the chances that you get money are far higher than if you just tell the bare facts these are my numbers and so on. And so I would say it's not because it's a woman who tells the story. It doesn't matter.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  18. This Father's Day, do more with dad and spend less with low prices guaranteed at the Home Depot. Get him fired up with a new grill and accessories, like the next grill five burner for just $299 so you can spend more time together while he becomes the grill master he was always meant to be. Build memories with savings on top brand power tools so you can tackle projects side by side. Gift more and do more together in this Father's Day with help from the Home Depot. Exclusions apply to HomeDepot.com PriceMatch for details.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  19. And actually, most of the successful entrepreneurs, and they're not going to admit it to you, but most of the successful entrepreneurs that I don't know, they just have worked harder than the rest. And there's almost a direct correlation between hard work and success. And you have people who are lucky, and so luck is always a factor.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  20. And work life balance for me is something you choose for, but if you really want to be successful in life, I think you really have to go for it and really spend a lot of time in it.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  21. Actually, have extra time to learn new habits, to learn new stuff, and that is like the real power because it gives you the extra mile, it gives you like an advantage because you work harder. And that's also what I've done in my life. I've always tried to work harder and learn new things by taking more time and not watching television too much or just. Time and stuff, stuff that I really

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  22. Mathematical formula, in my experience, is that if you're successful in life, the people who are successful just work harder than the rest. And so consequently working harder than the rest is basically that formula.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  23. Because it never is. Correct. Companies go bankrupt because of liquidity, because of cash. So when you add that and you make your calculation, then you see okay, I'll need more cash. But then if you raise that cash or you get that cash from the bank, then you know that you're not going to get into trouble because the reality is going to be 30% more and six months later.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  24. Yeah, well, that's more or less what I think. And it also takes longer because you're optimistic. You say, okay, I'm going to have a first customer within two quarters. And it turned out it's four quarters. So everything you do and you say, well, I'm going to have my product is going to be ready in the second quarter. I always add two quarters because if you then look at reality, it's more or less like this. So I always add like two quarters in terms of when it's going to do.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  25. You're an entrepreneur, you're optimistic, and so you make a calculation how much money you need. But in my, I mean, experience, it's always more, you always need more.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  26. You like other insights. So that's definitely a mistake. Second mistake, I think, is that they underestimate the costs that it will bring. Always people are optimistic.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  27. Start with Also, start with people that both engineers know each other from university, they're both engineers. It's always better, I think, in my opinion, to have somebody with a different background, with another background, like history or philosophy.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  28. Biggest mist Think the team, for me, the team is the most important Start with people that you say okay, I think this is a good guy, but they're not the best guys. And I think if you started... Business Really have to like. Choose the right people that you can

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  29. My first motivation I have two children, Timon and Finn, they're 22 and 19. And my first motivation was they're not real entrepreneurs, both of them. And my first was like, okay, if you ever want to become an entrepreneur, read the book of your dad. That was the intention of reading the book. And I wanted to write a very practical book because there's a lot of management books and so on on entrepreneurship. But I really wanted to write a book where if you start, I've made a lot of mistakes that you can actually learn from my mistakes and do things quicker or better. And that's the reason why I wrote it. But it's very practical because if you read it, you can immediately work with it and you can get good information how to build a company.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  30. Yeah, exactly. Somebody was in the evening. Well, basically, if you went to them in the morning and the building, there was no toilet paper. And so apparently one of the guys was having a small business on his own. So in the evening he stayed until late and then he took all the toilet paper and started selling toilet paper

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  31. Yeah, people said to me, Oh, you're lucky, and I was lucky, and then I really realized that I was lucky. But on the other hand, I thought, can you do this again? Can you again build a company out of Belgium, a technology company, into a global player? And rather than doing that as an entrepreneur, I said, let's do it as a kind of private equity fund. So I created an investment fund. And through the investment fund, we invest in technology companies in Europe. And we help them very early stage by helping those companies to become successful. And basically with all the experience and the luck that I had in building my company, I tried to help those companies to be as successful because I believe that if you do things right, that you can actually squeeze time and be more successful by using your experience and what you've learned.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  32. Yes, and then I basically came up with an idea, but it was more curious. I wanted to figure out how it worked. And because I saw, well, this is crazy to do it like this. And so it started not really as... I saw a problem, but it was more out of curiosity that I saw the problem, and I came up with a solution and then created my company.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  33. Yeah, I mean, I'm very curious at why things are what they are. And I worked in a bank as well, where basically when I was working in New York, I had to send money back and forth between Belgium and the US. And money took a long time to send money from Belgium to the US. And I thought, why is that? And so I went in the bank and talked with the people in the banking and said, what kind of system do you use to actually transfer money? Why does it take so long and why is it so expensive? And they said to me, well, that's the financial system. Your money is somewhere in the financial system. And I thought, what's that? I mean, how can money, how can you not know as a bank where the money is?

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  34. I had to work 30 hours a week so I couldn't always go to the lessons. And I saw that there were these girls who really have and boys who really have very good notes of the professor. So I went to them and said, okay, can I use your notes for myself? But also then I saw these notes are really good quality. And I also had friends who didn't work but were in the pup and the pup a lot. And then I started commercializing the notes, but also the exam questions. And it started very small, but after like three, four years, I had like all the universities and all the different directions and selling copies.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  35. Well, when I started, my parents were not very rich, and so they were not rich people. And so when I moved and I wanted to study political and social sciences, my dad said, okay, I'm not going to pay for it. And so I said, fine, I'm going to work. So I worked in the Quick, which is like the Belgian equivalent of McDonald's. And I really learned, well, first of all, I learned the hard work because it's hard work. And I also learned to appreciate really people who don't have an educational degree because the people there are people who work there for 20, 30 years. And I've really learned there to work with those kind of people, to collaborate with them, but also to inspire them because those people are not necessarily inspired. They have to do the same job every day. And so I really learned also how to work in a team, how to inspire people, how to say, come on, guys, let's do this.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  36. And so my point is you really have to focus on your talents. You have to look at what you're good at. Everybody has a talent. Look at what you're good at and try to improve on the talents and work with people who also are very good at these talents and create like a kind of company with talented people. And so focus on the talent. Don't waste time on stuff that you're not good at.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  37. Yeah, it's in the chapter focus on your talents. And what I mean with that is basically give an example if you have children and they come home with their school results. Sometimes let's say that they have three straight A's and they have a D, then as a parent, you typically say to the child, focus on the D. Focus on the D. And so the child says, okay, I need to focus on the D, gets maybe the D into a C because he didn't like it. He doesn't have the talent for it.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  38. No, no, no, for sure. I mean, if you would have told me that, I would have said, but it's because of the experience and also inspiring people from the conference is something I really enjoy doing a lot. And that's also why I started Supernova to take what I've learned organizing parties, because it's very similar. But then also... Showing how you can inspire people by inviting people to come and talk about the future, about technology, about life, and so on.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  39. It went by the way. And also, I think my dad knew that I was going to learn a lot about, okay, if you organize a party, you have to organize, make a budget, you have to find sponsors, you have to sell tickets, all of that stuff. And I think, well, I couldn't ask anymore because my father died in 1999, but I think in the back of his mind, he probably thought my son maybe that's a good push for my son to be a bit more entrepreneurial, I guess.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  40. No, for other people. So I invited like first 100 people and 200 people. And then I started once a month and then the other week, twice a month, three times a month, every week. And then other cities.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  41. Then I thought, well, this is not going to be fun. So I thought about it creatively and went back to my father and said, if I organize the party, can I stay longer? And he said, well, if you organize it, you'll learn something. You can stay as long as you want. So I started organizing parties in my hometown, which was fun.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT

  42. Well, I wanted to go out, I was 16 years old, and my dad said, Yeah, you can go out, but you have to be home at 12. And I said, Dad, it only starts at 11. He said, I don't care. You be home at 12.

    2026-02-10 · The Oprah Podcast · Growing Your Passion into a Business with Oprah and Jürgen Ingels · IDENTIFIED FROM THE TRANSCRIPT