Netflix CEO Reed Hastings’ Big Idea – How Netflix Got Started
Joel Garfinkle Joel Garfinkle
1.98K subscribers
171 views
0

 Published On Jul 10, 2022

How did Netflix get started? Through a misplaced Blockbuster video. At https://garfinkleexecutivecoaching.com/, Joel shares many stories of leaders who pursued great ideas inspired by their life experiences—read on for more about Netflix!

One day in 1997, Reed Hastings found a missing Apollo 13 video that he’d rented from Blockbuster. He’d racked up $40 in late fees, which he paid when he dropped off the video on the way to the gym. While working out, he had the epiphany that would lead to the birth of Netflix. Inspired by the subscription model used by most gyms, he could design a video subscription service following the same principle. It could allow people to borrow as many videos as they wanted for one flat monthly fee. He tested the idea by mailing CDs to himself to see how they fared in the postal system. They arrived in great shape, and Hastings went forward with his plan.

The success of Netflix shows how inspiration from one field or discipline can catalyze groundbreaking change in another. This story demonstrates the vital importance of getting out of our own silos and exploring how ideas across disciplines can shape how we work. Never be afraid to question existing models and methods, so you can arrive at ingenuous new solutions with far-reaching impacts. By leveraging ideas from the fitness arena, Netflix became one of the world’s most successful businesses.

At https://garfinkleexecutivecoaching.com, Joel provides many more tips on how to flourish as a leader by growing your executive presence.

Visit https://joelinspirationalspeaker.com to book Joel for a motivational speech or corporate training or webinar for your employees!




⚑ SUBSCRIBE TO MY CHANNEL ⚑
- Subscribe to my YouTube channel:    / joelgarfinkle  

 JOIN MY NEWSLETTER 
- 1-min read full of best practice articles, famous leaders profiles & 2-min inspiring videos.
- Sign-up and receive FREE e-book 41 Proven Strategies to Get Promoted Now https://garfinkleexecutivecoaching.co...

✎ AUTHORED 11 BOOKS + 300 FREE ARTICLES ✎
- Purchase Joel’s books https://garfinkleexecutivecoaching.co...
- Read free leadership development articles that provide practical how-to information: https://garfinkleexecutivecoaching.co...

✔ EXECUTIVE COACHING ✔
- Joel is one of the top 50 executive coaches in America. Global Gurus named him #14 on its list of top 30 global coaching experts. https://garfinkleexecutivecoaching.com/ Clients: Google, Amazon, Microsoft, Starbucks, NBCUniversal, Eli Lilly, Procter & Gamble, Bank of America, Oracle, Deloitte, and IBM.

★ KEYNOTES / CORPORATE TRAINING / WEBINARS ★
- Joel Garfinkle conducts keynote speaking, corporate training workshops and online programs. Clients: Oracle, Toyota, NBA, Nestle, Genentech, Warner Bros, Federal Reserve Bank, Marriott, and Ritz-Carlton Hotels https://joelinspirationalspeaker.com

show more

Share/Embed