54: Rock-Bottom to Ringing the Bell with CEO Shawn Nelson: Chapter 11 Bankruptcy to Going Public with Lovesac and All the Leadership and Life Lessons He's Learned

As a teenage kid fresh out of high school, Shawn Nelson came up with the idea of making his own bean bag with foam that caught on like wildfire across the US within a few years. As his business LoveSac took off, he also won a million dollar investment from Richard Branson on the hit TV show Rebel Billionare. Like many businesses that grow super quickly, LoveSac hit a rock bottom in those early years as they filed for Chapter 11 bankruptcy. Shawn explains to me what it was like to stick with his business and rebuild, the lessons he learned in leadership and overcoming adversity, and what they had to do to build all the way back up to the point of going public in June of 2018. He explains why LoveSac is now totally focused on sustainability and helping families grow with sactionals that will literally last them a lifetime. Shawn shares with me some of his personal values that he's established over the years too, why being a family man is the most important thing to him and how he manages to make the entire LoveSac organization feel like family too.    Show Notes: Shawn’s blog DFL Group (Designed For Life) https://dflgroup.org/ Lovesac’s page https://www.lovesac.com/ Shawn’s Vlog https://www.youtube.com/channel/UCFy8VVTRnCGrWtF3n_rvVqA Instagram @shawnoflovesac https://www.instagram.com/shawnoflovesac/?hl=en FB https://www.facebook.com/ShawnOfLovesac/ Twitter @shawnoflovesac https://twitter.com/shawnoflovesac?lang=en Shawn’s book recommendations: Good to Great by Jim Collins https://amzn.to/2uESEvf The Advantage by Patrick Lencioni https://amzn.to/2tRwoOh Purple Cow by Seth Godin https://amzn.to/31Mblco Psycho-Cybernetics by Maxwell Maltz https://amzn.to/37m6e47 The Accidental Superpower by Peter Zeihan https://amzn.to/37n3aoj   Produced by Dear Media