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Turning Bankrupt Businesses Into Profitable Ventures With Karen Hall

2025-05-16

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Guest Bio

Karen Hall is a bestselling author, global speaker, executive producer at the Los Angeles Tribune, and multi-podcast host (check out The Hero Within, Unstoppable AF and Funny, and The Empath Advantage). Nicknamed “the Queen of Empathy,” Karen has empowered entrepreneurs and leaders around the world to turn their emotional intelligence into unstoppable influence and success. Connect with Karen on LinkedIn (Karen Hall, Queen of Empathy) and explore her writings at the LA Tribune.

Key Lessons From Episode

  • Investing in yourself, through learning and reflection, is foundational to entrepreneurial success.
  • Emotional intelligence and empathy are powerful assets in both leadership and business relationships.
  • Embracing risk—even rescuing failing businesses—leads to profound growth and unexpected rewards.
  • Building your own brand or business often means overcoming self-doubt and shifting your mindset from supporting others to prioritizing your passions.
  • Stories—your own and others'—are critical for inspiring, connecting, and growing your platform.
  • Serving and uplifting others not only adds value, but also brings fulfillment and personal growth as an entrepreneur.
  • Daily practices like gratitude, learning, and helping others sustain long-term motivation and resilience.
  • Timestamps

    [01:48] Karen Hall’s Background – Phil introduces Karen’s remarkable journey from childhood entrepreneur to emotional intelligence expert and media leader.

    [02:54] Connecting with Phil – Karen shares her excitement about finally joining the show and her connection with Phil’s focus on emotional intelligence.

    [03:17] Why Leave Corporate? – Phil asks Karen his signature first question: why she left the security of a corporate job to pursue entrepreneurship.

    [04:13] Karen’s Early Entrepreneurial Roots – Karen recounts selling newspapers and chocolates as a child and her immigrant-family drive for self-sufficiency.

    [05:30] The Leap to Full-Time Entrepreneur – Karen discusses overcoming intimidation and turning her passion for helping others into a business.

    [06:54] Reviving Bankrupt Businesses – Phil inquires about why Karen and her husband chose to purchase and turn around failing companies.

    [07:28] Family, Faith, and Risk – Karen recounts uprooting her family to save her in-laws’ business, the economic hardships, and the role of prayer.

    [09:34] Taking On More Challenges – Phil asks how Karen felt when her husband suggested buying additional bankrupt businesses. Karen explains her mix of optimism and spiritual reassurance.

    [12:15] Would They Do It Again? – Phil checks if Karen and her husband still seek new bankrupt business challenges, and Karen shares her enduring sense of adventure.

    [13:47] Discovering Empathy as a Superpower – Phil asks how Karen realized empathy was her gift. Karen shares how feedback from clients and colleagues helped her embrace the “Queen of Empathy” title.

    [15:41] Emotional Intelligence and Leadership – Karen discusses overcoming childhood shyness, highly sensitive traits, and the journey to recognizing her emotional intelligence’s leadership value.

    [21:19] Investing in Yourself – Phil asks Karen what daily or essential practices help her keep growing; Karen details her gratitude, prayer, mirror work, connection, reading, and service routines.

    [25:39] Lifelong Learning and Growth – Phil and Karen reflect on the importance of constant self-education as entrepreneurs and podcasters.

    [26:51] Most Impactful Podcast Guest – Karen recounts the powerful story of Rusty Lobishogne, her first podcast guest, and the profound lessons on forgiveness and hope his experience taught her.

    [31:26] The Power of Storytelling and Connection – Karen explains how everyone she interviews becomes a friend and how their stories keep her inspired and grounded.

    [31:59] Looking 10 Years Ahead – Phil asks Karen to envision her future; she talks about keynote speaking, writing more books, producing events, and expanding her impact through the Los Angeles Tribune.

    [33:52] Advice to Her 10-Year-Old Self – Karen shares wisdom for her younger self about not fearing success, embracing leadership, and maintaining hope through challenges.

    [35:41] Where to Find Karen Hall – Karen gives listeners details on how to connect with her, join her publications, or become involved with her podcasts and events.

    [38:15] Closing Remarks – Phil thanks Karen, wraps up the episode with final reflections, and encourages listeners to invest in themselves.

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