Naveen Jain: The Business Mindset That Makes Money Follow You | Entrepreneurship | E406

20:25Naveen Jain:And I think you are a great example of someone coming from outside the industry, creating an amazing platform. And I'm just so proud of you. And everyone who is listening to this should send a note and let her know how amazing she is and what she does.

20:44Hala Taha:Naveen, you are so sweet. It's true. I mean, when I started in the podcast industry and started my network, one of the reasons why I was successful is because I never was really part of a network. So I started selling ads differently than everybody else. I was selling across all different channels instead of just podcasts. And now a lot of the networks like copied what we are doing because we kind of like set the stage. So let's go deeper on that. Why is it such an advantage to actually not be a part of the industry that you want to start a business in?

21:15Naveen Jain:Yeah, and I think the main reason is that you are able to bring a completely different perspective on the same problem. And just to ground it, Hala, I want to go back to, I know we talked a lot about Viome, but I think this is relevant to bring up how I started Viome. Because I want to show people the same thing, this framework about why this, why now, why me, how I applied it myself to create a new company. So here I was, as you know, I was working on mining the moon for Helium 3, to build a fusion reactor, right? And we became a company called Moon Express. We became the first company ever to get permission to leave Earth orbit.

22:03Naveen Jain:We actually got the President Obama to change the law that anything we bring back from the moon, we get to own it because there was no law. It simply said that every planet outside planet Earth is the property of humanity. We all own it and no one can own it. What does it really mean? if I bring back the helium, do we own it? Do humanity own it? Who owns it? So we had to get the law clear. So we got President Obama to sign into the law. And then we became one of the six companies to get$2.6 billion NASA contract. And I felt, you know, really that I was on top of the moon. And then my dad was diagnosed with a stage four pancreatic cancer.

22:46Naveen Jain:I didn't even know he was sick, let alone he had a stage four cancer. And he was given a couple of months to live. And unfortunately, that's all we got. And it broke my heart that here I'm thinking that, you know, we can, you know, colonize the moon and Mars and create a multi-planetary society. And still, we have loved ones suffering and dying on planet Earth. So I said, I'm going to switch track here. And this is really every entrepreneur now starts to pay attention. There are two words in the English language that are most powerful. One is imagine. And the reason the imagine is really powerful is when you tell someone, say, imagine, they actually remove all the preconceived ideas.

23:31Naveen Jain:And now they're willing to say, what is it that you want them to imagine? That means you can now give them the vision of what the new world could look like. The problem here is the vision needs to be so visual that people can actually visualize it in their own mind. And the problem that I think, you know, Hala, you help entrepreneurs solve that. You ask them what is their vision. I want to be the largest car wash company that generates$10 ,000 a day revenue. I'm sorry, how do you visualize that? There is nothing here. So you want to be able to have a clear vision, very similar to how Dr. Martin Luther King said, imagine a world where a black man is holding the hand of a white girl walking together.

24:20Naveen Jain:You can close your eyes and you can visualize that. Now, that is the kind of vision you want people to see. Hey, imagine a world where your loved ones are no longer suffering from depression or anxiety or have a heart disease or heart attack. They have immobile, They have, you know, they have Parkinson's where they can't move their hands. They have cancer that they are going to suffer and die from, right? This is something you can easily say, oh my God, I remember my great-grandmother or my grandmother or my, you know, this relative who suffered through it, right? That is something you can visualize.

24:56Naveen Jain:God, what a wonderful word that'd be, right? And that's the reason you have to have a very clear vision of what you're trying to do. So that's one word. The second word is what if. and what if allows you to take away the possibilities of what is possible today and what if allows you to actually look at what the world can be tomorrow, right? So here's my what if was, what if we can actually understand what changes in the human biology, human body before people develop cancer or diabetes or heart disease or depression or any of these chronic diseases? What changes in the human body so we can diagnose this disease early, prevent them from happening, and use the food as a medicine to reverse these diseases?

25:48Naveen Jain:And that was our whole statement. What if we can actually understand what is going on inside the human body? And then we said, why this? What if I am actually successful in solving this problem? Would it help a billion people? Answer is 8 billion of us because every one of us is going to suffer from it. So great, why this is checkmark? Next thing was, why now? And we said, look, to solve this problem, you have to be able to digitize the human body. You have to be able to process massive amount of data and then use AI to be able to actually make sense of all of it. And we said, look, cost of sequencing is coming down massively.

26:29Naveen Jain:Cost of processing is coming down massively. AI is getting more and more powerful. In three to five years, we will be able to scale this business even though it is more expensive today, but the prices are plummeting. We should be able to build a great business and help billions of people live a better life because these things are all happening. Now, the third part was the most important part. Why me? And we noticed that everybody in the industry was doing one thing. They were all saying, I want to know about HALA's genes, your DNA. Because if I know your DNA, I'll be able to find out what's going on in your body.

27:06Naveen Jain:And not coming from the industry was really simple for me to ask really dumb questions. Hey, does your DNA actually change when I gain weight? And people say, of course not. Well, it must definitely change when I become diabetic. No, or heart disease or depression or anxiety. And answer is your DNA doesn't change. Even after I die and you look at my DNA 100 years or 500 or 1 ,000 years later, it's identical DNA. DNA can't even tell you you're dead or alive, let alone are you healthier or sicker. So my first thing was, why are we spending time looking at DNA? It doesn't tell you, are you becoming healthier or sicker?

27:43Naveen Jain:And what that changed, people told me was RNA, the gene expression is constantly changing. So genes are identical, but the gene expression makes us who we are. And all of this, I think not being a scientist, you and I both can appreciate, every part of our body is identical DNA. So my hair, remember the crime shows, you find the hair, you find the skin, or you find anything, your blood, or your neurons, your kidney, your heart, every single part of our body is identical DNA. Yet, I don't have the eyes growing on my finger and the nails growing on my head. Why is that? is because the same DNA, but different expression makes the eyes and ears and skin and lungs and kidney, but same DNA.

28:32Naveen Jain:So it's really the expression that what matters. So my thinking was, what if we can actually measure the RNA? We're not focusing on how we're going to do something. Remember, you're going to say what needs to be done. So we say, look, we're going to focus on measuring RNA. And second thing is, would that solve the problem? The answer was kind of, not quite. Why is that? Because 99 % of all the genes that are expressed in our body don't come from our mom and dad. They come from these 100 trillion microbes that are in our gut, in our mouth, all over us. And these microbes really interact with the human body and actually make us who we are.

29:13Naveen Jain:These are not parasites. We outsource many of these functions to them. Now, interesting thing is, in those days, there was no AI. So we use Dr. Google and we say, God, Parkinson's and microbiome, the Alzheimer's and microbiome, diabetes and microbiome, cancer and microbiome. Turns out every single chronic disease is connected to microbiome. In fact, even the cure for addiction, cure for cancer, so immunotherapy or all of these things actually depends with gut microbiome. So if you cancer therapy, immunotherapy doesn't work, you change the microbiome, it starts working. People who have addiction, they change their microbiome and the addiction went away, right?

29:53Naveen Jain:So interesting thing was people realize that microbiome is important. And I saw there were tens of companies doing microbiome testing. Then I said, why is this problem still exist? And it turns out every microbiome company, HALA, was making the same mistake. They were doing the DNA of microbiome. So they can tell you, oh, you have this organism, you have this organism, without ever understanding what these organisms are expressing and what they are actually doing. And in my mind, the same organism, like a human being, could do something good in the good environment and something bad in the bad environment.

30:28Naveen Jain:And that's literally what happens. People have this idea, oh, I have bad microbiome or good microbiome. No, some same organism can do something good or bad depending on what the environment of the gut is. So for example, E. coli, People say, oh my God, E. coli is a bad bacteria. No, no, no, no. E. coli is needed to take the iron from the food and transport it to the bloodstream, right? Or it can kill you if it is bad behavior. Same thing, Ackermansia is a really good organism. People take it as probiotic. And guess what? If it is eating the fiber, it produced butyrate, which is good for you. And if not, it eats your gut lining and it causes a leaky gut and it can cause MS.

31:17Naveen Jain:It's the number one predictor of multiple sclerosis. So imagine that, not the organism, but their behavior that changes. So we say, why not just measure their gene expression, look at the human gene expression, look at AI to connect them all together. And that's how we're going to solve the problem. And that is literally what became VIO. We found the technology at Los Alamos National Lab. And Hala, I think since you and I talked two years ago, so much had changed now. So when you do a test, we get a spit of your saliva so we can look at your oral microbial activity, touch of your stool so we can get your gut microbial activity, your gut lining, finger prick blood so we can get your mitochondria, your immune system and all the one.

32:04Naveen Jain:So we, by the way, analyze 100 million transcripts, 100 million biomarkers in your body. And then based on that, we can tell you what is happening, your biological age, your heart health, your gut health, your oral health, your immune health, your cognitive health. Or we can go as deep as you want, your uric acid production, your LPS production, your sulfide production. And then we can say, look, don't eat avocado because your uric acid production is too high. Here is a score that is bad for you. And here's a science paper. Every single food we say, eat this food. Here's why. Here's a science paper.

32:44Naveen Jain:Don't eat this food. Here's why. Here's a score. Here's a science paper. And then we also tell you what nutrition your body needs. You need 22 milligram of elderberry, 29 milligram of lycopene. You need 89 milligram of amylase. and then we custom formulate that for each individual. We don't have a pre-made capsule. We don't have a pre-made formula. So these are mine. It made for me every month. And every month based on your wearable data, based on your electronic medical record, we constantly reformulate for you every month. So as your body changing, we reformulating it for you. We give you the personalized probiotics and prebiotics, personalized oral lozenges, and we even have personalized toothpaste.

33:27Naveen Jain:I don't know if you saw that or not. for morning and evening personalized toothpaste. And here's the best part. We actually did double-blinded placebo-controlled trials. And we showed people in 90 days, not nine years, in 90 days, if you take a personalized supplements, if you were re-diabated, your A1C came down by 0.42 and you became healthy. If you had IBS, which is 15 % of us suffer from constipation, We showed 68 % of the people in 90 days became healthy compared to 11 % on placebo. People who had anxiety and depression, 52 % of the people became healthy compared to 28 % on placebo. Simply using food as a medicine.

34:12Naveen Jain:So remember what we set out to do, what we're doing. And here is the latest news for you. Now we are able to diagnose stage one pancreatic cancer. Remember how I lost my dad? Because there was no test for diagnosing stage one cancers. So we are able to now be launching a test that can diagnose pancreatic cancer at stage one, 94 % specificity, 88 % sensitivity for stage one cancer. We can now diagnose the stage one oral cancer, stage one throat cancer, IBD, which is Crohn and Colitis. And now we are validating our test for colon polyps, which is seven to 10 years before you develop a colon cancer.

34:55Naveen Jain:That means you can remove the colon polyps if you can detect them six to 10 years before you develop a cancer. I mean, this is how we change humanity, right?

35:04Hala Taha:Yeah, that's amazing. That's so awesome. And the way that you speak about it, I can tell like, you don't care about selling kits. You're just explaining how it's going to help humanity. And this is actually something that you teach. You always say, you know, your best sales pitch is actually not selling.

35:22Naveen Jain:Talk to us about that. So Hala, obviously, anytime you feel that you're being sold, you tend to become skeptical and you lean back. Oh my God, I'm being sold too now, right? You lean forward when you're having a conversation with someone. You're talking to someone who are giving you information, right? So to me, now look at Hala, what you do. What is advertising? Advertising is not about buy, buy, buy, buy, buy, buy, buy now, buy now, buy now. Advertising is about letting you know how whatever problem that you have, here is a solution, here is the information, here is the, you know, pros and cons.

36:05Naveen Jain:And the more you talk about, hey, this is downside, here's the upside, here's why it might work, here's why it may not work. And you give that information, then you're much more credible. Then you tell someone, it works for everyone. Everyone will work. Everyone should do this. And what I find really is anytime you hear someone says, everyone should take NAD, unless your name is everyone, just don't do it. So idea is that there is no such thing as universal healthy food. There is no such thing as universal healthy supplement. And there is no such thing that it works for everyone. And that is the big beauty of selling is when people, number one, believe that you're doing it for the right reasons.

36:54Naveen Jain:When they believe they can hear the obsession in your voice. When they can see that you're doing it because you're willing to die for it. When they believe you're doing it because you have the interest of fellow humans in your voice, right? People don't buy on infomercials saying, buy now. And if you don't buy now in 30 minutes, you will never get this price again. It's like people say, just get over it.

37:24Hala Taha:Yeah, bam, seven days. That's all it took me to go from idea to a$500 million storefront. No tech team, no coding, just my LinkedIn knowledge, a business idea, and Shopify. Here's what most people don't realize about starting a business. The idea is never the hard part. The setup is where people stall and procrastinate. They overthink the design, the checkout flow, and then months pass along with nothing to show for it, but your good idea. Shopify removes all that friction. Their templates and AI tools get you a beautiful, functional site set up fast. And when someone's ready to buy, Shopify checkout is so smooth that more customers actually follow through.

38:04Hala Taha:Returning buyers can check out in a single click with ShopPay, for example. And if you hit a wall at any point with your build, they've got a built-in AI assistant sidekick that's there to help. Not an FAQ page, an actual assistant that helps you build, troubleshoot, and keep going. And the proof is right there, Yap Fam. On the How We Profit series, the founders I've been talking to who are doing millions of dollars in their e-commerce business, they sell on Shopify. So if a business idea has been sitting in the back of your head collecting desk, stop waiting. Take action. Just do it. All you need is the idea because Shopify handles the rest.

38:38Hala Taha:Start your free trial at shopify.com slash profiting. Again, that's shopify.com slash profiting. Go to shopify.com slash profiting to start building your dream business today. When I think about you and I and, you know, we've met three times now. Your personality is so bubbly. You're so positive. You have such an abundant mindset. You have such a mindset of service. And these are the themes that really come out. It's like optimism, abundance, service. You can't have a scarcity mindset and build the types of things that you do. So help us understand as entrepreneurs, like how we can become more optimistic, how we should think more abundantly.

39:20Naveen Jain:In life, it is very, very difficult. We evolved to think negatively. We evolved to pay attention to negativity. our amygdala in our brain is actually designed to look for all the bad things to happen. Because if you go back to when we were living in the savannas of Africa, if you missed the good news, nothing bad happened to you. If you missed the bad news, you got vibed out of the gene pool. You were no longer around to reproduce, right? So what happens is, once we realize as humans that, oh my God, people pay attention to negativity. Every news, if you watch a news, everything starts with the murder here, the rape here, and the riots here.

40:09Naveen Jain:If it bleeds, it leads. They want negativity because that's what people pay attention to. So now they can sell them ads, right? And what I find really is as an entrepreneur, people label things as success and failure. instead of labeling everything you do as an experiment. And I think, let me just explain, because it's such a key concept, right? So if I say I do this, oh my God, I failed. Or if I simply say, this is my next experiment. An experiment has an outcome A and outcome B. When outcome A happens, I do C. When outcome B happens, I do D, right? And then everything is now not a success. Oh my God, A was a success and B was a failure.

40:58Naveen Jain:It simply says everything you do gave you new information that allows you to do the next thing. And that gave you new information that allows you to do the next thing. So everything you do is a stepping stone rather than a success or a failure. Because anytime you label something, it changes your perception of yourself and perception of what you're going to do next, right? simply labeling something good or bad changes how we feel about it, right? I don't know if we ever talked about this, you know, this idea of good or bad. Because as soon as something happens, we have a tendency to assign it a label.

41:40Naveen Jain:So let's assume you break up with your girlfriend or your boyfriend. And you say, oh my God, that's the worst thing that can happen to me. This is so bad. And your mind is saying, oh my God, I got to protect this thing. this is really bad. What's this saying? And by the way, 10 years from now, you're going to meet someone even more wonderful. You're going to say, oh my God, what a nightmare we avoided, right? So at that second, it looks like it's a question of life and death. By simply labeling that, instead of that, what if we say, oh, that happened. Universe is my friend. if this happened, it is probably for my best.

42:20Naveen Jain:Right? And this is really the best thing to do is to say, look, this happened, acknowledge it. And then say, universe is my friend. It is for my best. Now, let me give you an example. Every culture has these stories about good or bad. I don't know your culture. Hala, what's your ethnic background?

42:42Hala Taha:I'm Palestinian, 100%. Oh my God.

42:44Naveen Jain:You and I gotta have a chat about that part. You know, my wife actually grew up in Palestine.

42:50Hala Taha:Wow. Yes, yes, yes.

42:52Naveen Jain:So in Indian culture, there's a story about this king and his wise men. So king and a wise man go and they go hunting together. And then as they were hunting, king falls down from his horse and breaks his arm. And the wise man says, oh, so that happened. It's probably for the good. and the king looks at him and says, I just broke my arm and you're telling me it's for the good? You are not a good human being and I'm going to tell you what good is. He takes him back into the palace, puts him into the dungeon and says, this dark dungeon is where you belong. And the wise men say, so that happened, it's probably for the good.

43:35Naveen Jain:And king says, we'll see. So king, a week later, goes back hunting all by himself And this time he got caught by a tribe. And the tribe now want to sacrifice him. And they take him, they get him ready for sacrifice. The priest comes out and the priest says, let him go. Why? He said, he's a broken man. We don't sacrifice a broken man in front of the God. We only sacrifice the man who is not broken. And he goes back to the dungeon and says, wise man, wise man, you saved my life. You were right. It was for the best that I broke my arm. And he said, no, king, thank you, because you saved my life. How?

44:15Naveen Jain:I put you in the dungeon. He said, if I was with you, they would have sacrificed me. Right? Wow. So my point is, it doesn't matter what you thought was bad turned out to be good. What you thought was good turned out to be bad. The point is, in life, you simply have these events. And the concept I was going to really go about was that learning to know the difference between happiness and joy. So happiness is something transient. When someone says, I love you, it makes you temporarily happy. When someone says something that's hurtful, it may make you temporarily unhappy. But guess what? The happiness may change, but your joy is internal.

45:03Naveen Jain:No one can bring you joy and no one can take that joy away from you. Once you find that bliss in doing things that you're doing every day, you find this tremendous amount of joy. And yes, you may be unhappy and happy on some days and some days you may be more happy than others, but your joy is internal. So once you find that joy that comes from helping people live better, finding something that you find that is a true calling, that joy can never be taken away. And last thing as an entrepreneur, Hala, and I think as we get there, is these ups and downs that we talk about are part of life. So what I tell entrepreneurs is, look, the only way you know you're alive is when you have a heartbeat, right?

45:54Naveen Jain:What happens in every crime show when someone is down, they touch and say, do you have a heartbeat? Yeah. Right? What is the heartbeat? If you put them in the heartbeat, what does it look like? Up and down and up and down. And when you see this smooth line, that means the person is flat and you're dead. Now imagine that. So what I tell entrepreneurs, anytime you have these ups and downs, that means you're still alive. When you have this flat line, when you think you're living a smooth life, when you find yourself living a smooth life, you're dead. You just don't know it. You're living a life of a zombie.

46:28Naveen Jain:This ups and downs tells me that you're alive. And the beauty is when you are down, never feel that this is forever. You know, if you can just hunker down, the next beat is going to be up. And most importantly, when you are on top of that beat, never become too arrogant because remember winter is coming and winter always comes.

46:52Hala Taha:I feel like every entrepreneur tuning in needed to hear that. I think that was like such an awesome, beautiful analogy. So I want to talk about the art of counterintuitive thinking. Because you have a new book about counterintuitive thinking. And you talk about the five traits of somebody who is a counterintuitive thinker. The first one is question everything, which I think we did talk about. But I'd love for you to like give us like what is like an example of something that seems dumb or like an example of just really questioning everything.

47:22Naveen Jain:I would tell you that this is actually, it may also be a lesson about parenting. So I have three children. I think you and I have talked about that, right? I have three children. My oldest, he runs the company called Built. And most of you young people probably know about Built. So he's my -

47:38Hala Taha:Yeah, he's crushing it. He's crushing it. I need to have your son on the show too when I found that out.

47:42Naveen Jain:Yeah, he's crushing it. And my daughter, who is by the way, so he's a Wharton graduate. And my daughter went to Stanford. And she is a Stanford. is 10 fellows, 10 for Mayfield fellow. And she runs a company called Evie. So every woman who's listening to it, Evie, which is a vaginal microbiome company for women's health. And she's all about women's health. And before that, she did a company that actually removed the gender bias in hiring, right? So she's all about how to take women's and actually bring them into the same level. And what she tells me is really mind boggling to me. She's a dad. Every time I go to a investor, they say, oh, women's health is such a niche market.

48:22Naveen Jain:And she said, you know, the 51 % of the people are women. I mean, it's a niche market. It's a majority of the market. But separately, for some reasons, people somehow think that women's health is such a niche market. Anyway, point I'm trying to make is that she's doing, she's absolutely crushing it. The largest database on humanity, by the way, largest database on women's health ever assembled. So every man should get it for their girlfriend, their mom and sister, amazing product. And my youngest one, by the way, it's another Stanford grad, became a Schwarzman scholar and he runs a FinTech company, another unicorn.

48:59Naveen Jain:So all three of them are running a unicorn. Now, the reason what I was going to say was that you asked me about counterintuitive. So I remember the best counterintuitive thing is when they were young, my son would say, dad, dad, look up, what a beautiful blue sky. And most parents will say, look up and say, indeed, it is beautiful because you want to support your kid, you encourage them and you want to, and guess what? You missed the best moment you had to actually teach them a basic lesson, which is, do you know that sky doesn't really exist? The sky is a figment of our imagination. It is a blue light that scatters and we see this barrier called sky.

49:41Naveen Jain:There is no sky. When you go from here to Mars, you don't say, mom, I just passed the sky. There is no sky. And by the way, there is no color blue. Blue, if you look in the outside, it's simply the electromagnetic waves and the photons that hit our retina and our visual cortex makes up the color. There is no color out there, right? Now, what you just taught them, Hala, is exactly that. Something you are 100 % certain about. You see with your eyes, there is a blue sky, and you're saying, what if? What if there is a different explanation? What if that is wrong? What if there is no sky? What if there is no color blue?

50:21Naveen Jain:And that is how you fundamentally change and teach them that everything that you take it for granted can be challenged. And if you challenge that, you get to get to the truth of what it is.

50:35Hala Taha:Okay. So the second trait is exploring different perspectives. Talk to us about that.

50:40Naveen Jain:So I think we briefly touched on that. A person who is an expert, someone who has a hammer, they think everything out there is a nail. They want to hammer everything in. They think that's a solution to everything. And what happens is when people have broad knowledge and they have different perspective, they can say, oh, this one really requires a screwdriver. This one really requires a hammer. This may require a wrench, right? So there are different solutions to different things, and you only see them when you see them from a completely different perspective. And I think everyone knows intuitively that it's like a blind man, and they're looking at elephant.

51:25Naveen Jain:Depending on their perspective, if they touch the tail, they think that is the elephant is what the tail looks like. If they touch the trunk, they think that is what elephant looks like. When they touch the legs, that's what the elephant looks like. And everyone has their own perspective. And yes, they are all part of the elephant, but they are not the whole elephant.

51:44Hala Taha:One of them that we didn't talk about, one trait of counterintuitive thinking that I think is really interesting is demonstrating courage. I'd love to understand how entrepreneurs can be courageous and not let their fear stand in their way.

51:58Naveen Jain:So I think people have this idea that, you know, courage is about not having the fear. Courage is not about not having the fear because that is naivety and stupidity. The courage is knowing the fear and willing to go out and actually push forward, knowing what the, because you cannot be so naive not to know that, hey, when you walk up there, there are dangers, so you can prepare for it, right? So the beauty of courage is knowing the fears, knowing what can go wrong and then preparing for it and doing your best so that it doesn't go wrong, right? It's not about fear, it's about preparing for that fear is what the courage is all about, right?

52:48Naveen Jain:So, and I would say having that intellectual curiosity is probably one of the best things in an entrepreneur. That means always know you have to be able to learn something completely new. You have to be able to ask the questions that have never been asked before. And this is really very interesting is, if you go back and look at the last few decades, the most successful people were the ones who had all the answers. You know how to do this and you became successful. People who had the answers became successful. In the age of intelligence, it's not the people who have all the right answers. it is the people who are asking all the right questions, right?

53:35Naveen Jain:So think of this, you know, AI, chat, GPT. It has all the answers. What questions do you ask? And the questions you ask changes what you're actually doing. And that's really the question. The key becomes is what questions would you ask? What is your perspective of that problem? And it can have all the answers. And everyone is like enlightenment, right? when you say, I prayed a long time and I got the enlightenment is, you actually got the right question that you got the answer to and that God calls enlightenment.

54:09Hala Taha:We've got to be good at asking the right questions. I also think we need to be good at spotting patterns. You were just alluding to this too, in terms of you'll be less fearful if you know what's going on, if you know the patterns and can anticipate what's going to happen. How can we be better?

54:24Naveen Jain:That's intuition. Intuition is basically a pattern matching just like AI, right? I mean, we have our internal AI that is essentially there are two types of computing we have, at least in my own way, I look at the things. One is what I would call a high fidelity computing. That means you get all the data and it finds the pattern and it says, this is black or white. That's our brain, right? So brain is very simple. You give it the data and it says, here is this, right? Our gut has, you know, lots and lots of neurons in our gut. And that works much more on a fuzzy logic. That means it looks at the probability of things happening and you get this gut feeling, right?

55:13Naveen Jain:Women have this amazing intuition, right? You look at someone on paper, your brain says, oh my God, he's tall, He's dark. He's handsome. He's charming. He is powerful. Everything. And then you said something about him. I just don't like it. And you can put down on the piece of paper, you cannot touch. What is that something I don't like? But there's something in your gut. Oh, walk away from it. It's not a good one. And that is that probability of saying, my God, there's some pattern here. I may not be able to put my finger, but I can sense that there's something wrong here. That is that intuition that your neurons and your gut are calculating it for you.

55:54Naveen Jain:It doesn't have black and white that your brain does, but it has the probability of something going wrong is high.

56:00Hala Taha:I want to play a game with you, Naveen. It's called execution traps.

56:04Naveen Jain:Go for it.

56:05Hala Taha:So I'm going to say an execution trap, something that keeps founders stuck. And then you tell me the counterintuitive fix, like why it keeps people stuck and what is the counterintuitive fix. Love it. Okay. Number one, waiting for perfect. Aha.

56:20Naveen Jain:So perfection, as we know, is the enemy of actually entrepreneurship. The success of entrepreneurship depends on you being embarrassed of the things you launch. That means if two years from now, you're not embarrassed about what you did two years ago as an entrepreneur, you waited way too long, right? Now, I'm going to ask you, go back to four years back when you started and you think, Like, oh my God, I look at this stuff and think, how dumb and naive I was.

56:49Hala Taha:I'm embarrassed of all my videos. And they live forever when you're a podcaster, so.

56:55Naveen Jain:But guess what? The reason is because you got them started. If you waited for perfection, you'll be waiting until today to start them, right?

57:04Hala Taha:Okay, number two, believing failure exists. Yes.

57:08Naveen Jain:So I think it's not that failure exists, that an outcome B exists, right? And that's what I want people to know. There is no such thing as success and failure in an experiment. You have to reframe what that is. And the best way to describe that, Hala, is that you look at Thomas Edison. When people asked him, didn't you fail 10 ,000 times before you could build a light bulb? And he said, no, I experimented 10 ,000 times to learn what doesn't work so I'm able to find something that actually works. So these are not failures. So these are outcome of an experiment.

57:47Hala Taha:Number three, taking on too much too soon.

57:51Naveen Jain:Yes. So I think most entrepreneurs die from indigestion rather than from starvation. And that means it's never about doing too few things. Entrepreneurs die because they're doing too many things and they spread themselves too thin. And the reason they fail is they always look at every other lawn and say, grass is greener there. I want to go there. Oh my God, everyone is doing this agent. I'm going to go do agent. Everyone's doing AI, I got to go do this. Everyone is going blockchain, I'm going to do that. Everyone is doing NFT, I have to do NFTs. You know what? Focus on what problem you're solving and stay focused on that problem, right?

58:29Naveen Jain:We never got distracted by the way. We were doing RNA testing. We saw COVID even before anybody knew it was COVID. We were seeing because we drew RNA virus and we saw that COVID-19 virus. And everyone says, my God, you are so well prepared to do COVID testing. And I say, that does not help me get my mission accomplished. I'm here to solve the problem around chronic diseases is going to actually take me away from my mission. And I would have wasted two, three years of my life to chasing money. And I could have made some money, but then I would have been farther away from diagnosing stage one pancreatic cancer, farther away from having a 2 million tests that we have done and have 400 quadrillion biological data points that allow us to tell how to remove diabetes and depression and anxiety and IBS from humanity.

59:19Hala Taha:What do you have to say to the entrepreneurs who are creating a Me Too app?

59:23Naveen Jain:And my point is, it's okay to create a Me Too app, but you have to know how you're going to own it, right? It's not... So there are two types of entrepreneurship. Someone says I'm doing something completely brand new. So it's like saying, hey, this is what they teach you at Harvard Business School, which is completely wrong, by the way. Go into a novel market where there is no one there. Build a better, you know, go out there into a new place where there is no other business, right? So you go to a town and you say, I'm the first person to sell the mousetrap here. And you never wonder why there is no one else selling a mousetraps here because there are no mice here, right?

1:00:06Naveen Jain:So when you go out there, and that's my point. So it's okay to be going to the place and say, oh my God, look at this town. There are a hundred people selling mousetraps. I'm going to build a better mousetrap and I'm going to be 101 company, but I'm going to, my mousetrap is going to be such a superior mousetrap that I can own the whole market. So it's okay to be me too, but then you have to say, what is my unique perspective of this that will change the whole idea of mousetrapping?

1:00:36Hala Taha:Number four, hiring clones of yourself.

1:00:39Naveen Jain:Oh my God. So this is when you're looking for a friend, you want someone who is just like you. You want to hang out with the guy when you're looking for a friend. When you're an entrepreneur, you want someone who is completely unlike you, right? Because when you are an entrepreneur who has got a vision, who's got a clear idea of where you're going, you want someone behind you who is the operation person who is building the road while you're cutting the trees. He doesn't have to be Rara guy. He's going to keep driving you nuts and say, why are we going there? Why do you think there is a road there?

1:01:11Naveen Jain:You say, just keep building the road. I know exactly the North Star that I'm going forward to. So you have to find people who are complementary to you, not people who are like you. Because if you have everyone thinking the same way, then there's no one else to actually put the balance in your thinking.

1:01:27Hala Taha:I totally agree. Okay, last execution, trap. Relating to stress as bad.

1:01:33Naveen Jain:Why would a human body have stress? Stress is what causes us to actually act temporarily away to do things. Stress is what allows us to be extremely productive very quick. The chronic stress is what causes us to really become bad. So stress temporarily is the best thing that can happen. Because when there was stress, your body goes into fight or flight response. And you're basically willing to fight or flight. And that's how we survived when the tiger was chasing us, right? But chronic stress is what causes people to lose their perspective, right? So yes, stress is good, but chronic stress is really bad.

1:02:14Hala Taha:I feel like a great way to close out this interview is to talk about how you measure success. Something that really stuck for me from your book is that you believe Steve Jobs and Mother Teresa are equally successful. And I thought that's a great story to kind of round everything out and all your beliefs about entrepreneurship. Thank you, Hala.

1:02:33Naveen Jain:So I think your success is never measured by how much money you have in the bank. It is only measured by how much, how many lives you have improved while you're still alive. So measure your success by the number of lives improved, not the number in your bank account. And just always remember that your self-worth never comes from what you own. It comes from what you actually create. So if you haven't created anything, then you're still a parasite on humanity. So don't be a parasite. Go out and do some crazy, audacious thing that can help a billion people live a better life.

1:03:08Hala Taha:And I ask two questions to end on my show. The first one is, what is one actionable thing our young and profiters can do today to become more profitable?

1:03:17Naveen Jain:I would say two things that improve people's lives. Don't focus on how to make more money. You will make more money by helping more people live better. So take the focus away from making more profit to making people even better. The more people lives are better because of you, they will become your loyal customer. You'll make more profit from it. And number one action you can always do is do it, not to talk about it, right? So if you don't do it, you can keep talking about it. It's not going to get you anywhere.

1:03:47Hala Taha:Yeah. And we talked about all those execution traps that you can fall into and you gave great advice there. And what would you say your secret to profiting in life is? And this can go beyond business, beyond financial. What is your secret to profiting in life?

1:03:59Naveen Jain:Secret to profiting in life, really to be always remain intellectually curious and constantly keep learning. The day you stop learning is the day you actually die, right? So never, ever stop learning. Every single day, ask yourself, what have I learned? What did I learn today? Am I better off intellectually today? Am I better off emotionally today than I was yesterday? Am I spiritually better today than I was yesterday? But constantly keep learning. And then one day you'll find yourself in a place where you say, you know, life has been extremely blessed for me.

1:04:34Hala Taha:Naveen, I don't think this will be the last time we're on the show. So looking forward to many more interviews over the years. Where can everybody learn about you? Tell us about your new book. Tell us about where they can get Viome and all that. Absolutely.

1:04:46Naveen Jain:So yes, the book is going to be available everywhere coming out on July 7th. You can pre-order it right now, from Amazon to Barnes & Noble and your favorite bookstore. You can find me on Instagram. You can find me on LinkedIn. You can always email it to me and you can always get wyom at wyom.com. V as in Victor, I-O-M-E.com.

1:05:06Hala Taha:Amazing. And the book is called Counterintuitive, right? Yes.

1:05:09Naveen Jain:Counterintuitive, Unconventional Principles for Success in Life and Business.

1:05:14Hala Taha:Amazing. I loved reading it. Naveen, thank you so much for joining us on Young and Profiting Podcast.

1:05:20Naveen Jain:Well, first of all, thank you for hosting me and I'm looking forward to listening to your podcast time and time again.

1:05:26Hala Taha:Young and Profiters. I just loved having Naveen back on Yap because every conversation stretches the way that we think. Today, Naveen reminded us that wealth is not the target. Impact is. Lasting entrepreneurs are not waking up asking, how much more money can I make? They're asking, what problem can I solve? Who can I help? And how can I make people's lives better at scale? That's where loyal customers, opportunities, and legacy-making ideas come from. Money follows service and not the other way around. Naveen also gave us a powerful filter for any big idea. Why this? Why now? Why me? Why this asks whether the problem matters enough to devote 10 years of your life to it.

1:06:09Hala Taha:Why now forces you to look at timing, technology, cost curves, and what has changed that makes this impossible idea newly possible. And Why Me asks what unique perspective or outsider advantage you bring that insiders may be missing. That's the power of counterintuitive thinking. It's questioning the obvious, seeing it from a different angle, spotting patterns, using imagination, and having the courage to move before everything feels certain. And I just loved Naveen's heartbeat analogy. The ups and downs are not signs that you're doing entrepreneurship wrong. They're the proof that you're alive, building, experimenting, and still in the game.

1:06:46Hala Taha:When you're down, the next beat can take you up. When you're up, stay humble because the winter always comes. The goal is not a perfectly smooth life or business. The goal is to build something so aligned with your joy and your service that you keep moving through every season. Thank you for spending time with us, Yap Fam. If this episode made you rethink the problem you're solving or question that you're asking, share it with the founder, creator, or high performer who needs this reminder today. And if you listened, learned, and profited, follow the show, leave us a review, and drop a five-star rating wherever you listen to the podcast.

1:07:20Hala Taha:Subscribe, like, comment on the episode, and tell me what questions hit you the hardest. Why this? Why now? Or why me? You can find me on Instagram at Yap with Hala or LinkedIn by searching Hala Taha. As always, this is your host, Hala Taha, a.k.a. the Podcast Princess, signing off.