Beyond the Fail podcast

BANKRUPT and Nearly HOMELESS in China: Howard Whiteson's Unbelievable Entrepreneurial Journey

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What happens when an entrepreneur, magician, and wealth manager risks it all—twice—and faces financial collapse so severe that he nearly ends up homeless? Howard Whiteson’s story is one of bold decisions, unexpected failures, and a relentless pursuit of success. From performing magic tricks as a child to selling hot tubs, mastering sales training, and making a fortune in wealth management, his journey is filled with lessons for anyone navigating the unpredictable world of business.


Howard shares his extraordinary entrepreneurial path, starting as a young magician and candle seller before evolving into a top sales trainer and eventually moving to China to build a wealth management business from scratch. He credits his parents—both entrepreneurs—for shaping his risk-taking mindset: his father’s courage and resilience inspired him to embrace challenges, while his mother’s spendthrift nature made him unafraid to throw money at business ventures.

His story is one of dramatic highs and painful lows, including:
✅ The brutal reality of losing financial stability—twice
✅ The dangerous allure of chasing shiny business opportunities
✅ The challenge of scaling a business and the struggle to replicate early success
✅ The irony of being a wealth manager facing personal financial crisis
✅ How a chance networking encounter with an Apple executive saved his career

✅ How he once did a magic trick to Micahel Jackson

Throughout his journey, Howard realized that true success comes from adaptability, strategic thinking, and doing what you truly love. He reflects on the lessons he learned from failing to diversify, ineffective marketing strategies, and the need to build sustainable business models. Ultimately, he found more joy and fulfillment in sales training, helping others master communication and charisma.

This episode is packed with real talk about failure, resilience, and the messy reality of entrepreneurship. Whether you're an aspiring business owner, a seasoned entrepreneur, or someone navigating career pivots, Howard’s journey will inspire and enlighten you.

Takeaways

  • Taking risks and having a positive mindset are important qualities for entrepreneurs.
  • Financial setbacks and challenges are part of the entrepreneurial journey, but determination and resilience can lead to new opportunities.
  • Being unafraid to invest in your business and take bold actions can lead to success. Transitioning to a new career or starting a business requires careful planning and strategy.
  • Financial difficulties and the need to network extensively are common challenges in entrepreneurship.
  • Effective communication is crucial in building relationships and growing a business.
  • Scaling a business can be difficult, especially when it relies heavily on the skills and expertise of the founder.
  • Finding joy and passion in your work is essential for long-term success and fulfillment. Failure can be a valuable learning experience and an opportunity for growth.
  • Adaptability and diversification are key to success in business.
  • Segmenting your audience and providing value are crucial in marketing.
  • Networking and joint ventures can help expand your reach and build partnerships.
  • Combining different passions can lead to a unique and fulfilling career.
  • Embrace failure and take risks to bring your gifts and passions into the world.

Chapters

00:00 Introduction and Background

06:32 Early Entrepreneurial Ventures: Magic Tricks and Candles

14:52 Influence of Parents: Courage and Resilience

20:59 Financial Setbacks and Determination

27:19 Unafraid to Invest: Taking Bold Actions

31:16 Transitioning to Wealth Management

35:40 The Importance of Networking

41:34 Building a Successful Wealth Management Business

46:04 The Challenges of Starting an Online Business

56:00 The Struggle to Scale and the Rediscovery of Passion

01:05:30 Lessons Learned from Failure

01:09:09 Marketing Strategies and Value

01:12:57 Networking and Joint Ventures

01:16:40 Perseverance and Taking Action

01:19:17 Making Your Own Luck

01:24:44 Embracing Failure and Taking Risks

01:28:44 Magical Moments with Michael Jackson

01:33:14 The Link Between Suffering and Success

01:35:38 Embracing Failure and Finding Wisdom

About Howard Whiteson

Howard Whiteson is a sales and charisma coach, entrepreneur, and author with a career that spans public speaking, sales training, wealth management, and even professional acting. His diverse journey has taken him from performing magic tricks as a child to training Fortune 500 executives, launching businesses, and nearly losing everything—twice—only to reinvent himself again.

As the Founder of Charisma Coach, Howard specializes in helping professionals own the room—both on stage and on camera. His expertise in communication, combined with decades of global experience, makes him a sought-after coach for executives, entrepreneurs, and sales leaders looking to master their presence and persuasion.

🔹 Author of Own The Room: Advice from the World’s Leading Experts in Public Speaking
🔹 20+ years training professionals across 5 continents
🔹 Coached Fortune 500 companies, including Apple China and The Masco Corporation
🔹 Worked with hundreds of Sales Managers, Entrepreneurs, and Coaches globally
🔹 Professional actor, appearing in TV, film, and theatre—including a Bond movie and fooling Michael Jackson with a magic trick!
🔹 Former wealth manager in China, navigating the highs and lows of financial success and failure

Howard’s own business failures and reinventions have given him a unique perspective on resilience, adaptability, and what it really takes to succeed. His personal story—from nearly going broke in China to landing a high-profile corporate coaching career—proves that communication and confidence can be the ultimate game-changers in business and life.

Whether he's coaching Fortune 500 executives, training entrepreneurs, or captivating an audience, Howard helps people step into their most charismatic and confident selves—because in business, how you show up matters just as much as what you know.

Connect with Howard Whiteson

Website

Free Book - Passion to Profit

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