Sam Saideman, the co-founder and CEO of Innovo, a dynamic entertainment company catering to both the music and creator economies, has emerged as a formidable entrepreneur with a keen focus on innovating outdated systems. Beyond the boardroom, Saideman's recent foray into boxing has not only become a personal passion but has also imparted invaluable lessons that resonate in both the business arena and the squared circle.
Saideman acknowledges the inevitability of sacrifice on the journey to success, a sentiment echoed by the Dalai Lama's observation about the human tendency to sacrifice health in pursuit of financial gain. However, Saideman emphasizes the importance of intentional sacrifices, advocating for a mindful approach to pursuing goals to live a life without regrets.
The genesis of Saideman's boxing journey occurred over a year ago during a conversation with an old college friend. Intrigued by the sport, he decided to give it another try, and that pivotal decision sparked an obsession that now significantly influences his life.
Three crucial lessons from the boxing ring have left an indelible mark on Saideman's entrepreneurial mindset. Firstly, he underscores the mandatory nature of resiliency for success. Drawing parallels between the startup environment and the boxing ring, he emphasizes the need for thick skin and the ability to keep fighting despite setbacks. This resilience, he attests, has been instrumental in his ability to navigate the challenges of running a business without external investment.
Secondly, he emphasizes the importance of focused time spent learning. Drawing inspiration from boxing legend Muhammad Ali, he highlights the necessity of putting in the hours, whether in the ring or the boardroom. This commitment to continuous improvement has enabled him to pivot his company successfully and develop new verticals.
Lastly, Saideman stresses the significance of one's corner, both in boxing and entrepreneurship. He draws parallels between a boxer's support team and an entrepreneur's advisors and leaders within the business. Recognizing the importance of having supportive yet honest individuals in your corner, he advocates for making changes if the people around you are not the right fit.
Saideman's journey as an entrepreneur and newfound passion for boxing offer a compelling narrative of resilience, continuous learning, and the importance of a supportive network. As he continues to weave the lessons from the boxing ring into his entrepreneurial pursuits, he stands as a testament to the transformative power of intentional sacrifices and a determined mindset in the pursuit of success.
