Welcome back to Making Bank. On today's episode, we have a compilation of our best parts from our previous episodes of Making Bank where we talk about riding the Rocketship: Engineering Billion-Dollar Business Growth.
In case you missed any of the previous episodes, this episode is for you!
(1:33) Brandon Dawson
Most people confuse innovation with something like what Elon Musk is doing. Doing something no one has ever done before which is called radical innovation. It’s a pure form of innovation.The innovation people in business should ascribe to is Jim Collins's innovation, which is granular, incremental improvement on the things that you can prove works. In business, this is a safer form of innovation.
(12:57) Cameron Herold
At every stage of the company, you need to invest in your people. The more you grow their skills, the more you grow their confidence, the more they'll grow the company for you. So invest in the right people because they will help you bring your business to fruition.
(16:07) Dan Martell
Adding another person to your team won’t solve your problems. That one person adds a lot of complexity. Instead of having two people on your team, have only one because now you have a person that's more streamlined and work is being done better. So if you want a full-time person, give them a few other things to do.
(22:17) John Livesay
You have to be your own lifeguard. When disaster happens you cannot expect someone to come help you. You have to pick yourself up. You have to know what to do and where to go and what the next step should be. Because if you wait for someone to come rescue you, you will definitely fail.
(24:41) Kyle McDowell
A boss is someone that checks boxes, they are always ready to call you out or point out your errors. Whereas a leader may have the same obligations as a boss but the major difference is the leader actually cares. A leader cares enough to empower, inspire, and to provide a purpose or reinstill passion.
(27:59) Ryan Blair
Having a mindset that was built on strength as opposed to one built on weakness, which a lot of people have,when they grew up really comfortable. As a result it's very easy to cultivate a mindset and cultivate a character base that isn't very strong.
(31:45) Larry Brinker Jr
It is super important for entrepreneurs to not only build your team the right way, but to also trust your team. Give your team accountability. Give them the autonomy to feel invested in what they're doing. This way the team feels connected to the business and they too will do anything in their power to bring the business up.
Links:
@brandonmdawson
@cameron_herold_cooalliance
@danmartell
@thepitchwhisperer
@kylemcdowellinc
@realryanblair
@Larry Brinker, Jr
Building Power and Influence with guest Daymond John #MakingBank S4E37
Building Power and Influence with guest Daymond John #MakingBank S4E37
Diving into the Data with guest Phillip Stutts #MakingBankS4E36
Diving into the Data with guest Phillip Stutts #MakingBankS4E36
Honesty and Tough Conversations with guest David Wood #MakingBankS4E35
Honesty and Tough Conversations with guest David Wood #MakingBankS4E35
Eliciting Emotional Engagement with guest Michael Bernoff #MakingBank S4E34
Eliciting Emotional Engagement with guest Michael Bernoff #MakingBank S4E34
Self Improvement Through Self Control with Dean Graziosi #MakingBank S4E33
Self Improvement Through Self Control with Dean Graziosi #MakingBank S4E33
Creating the Headspace That Attracts Success with guest Rob Dial #Making Bank S4E32
Creating the Headspace That Attracts Success with guest Rob Dial #Making Bank S4E32
The Importance of Understanding Your Audience with guest Trav Lubinsky #Making Bank S4E31
The Importance of Understanding Your Audience with guest Trav Lubinsky #Making Bank S4E31
Copywriting Secrets Proven to Build Your Brand with guest Stefan Georgi #MakingBank S4E30
Copywriting Secrets Proven to Build Your Brand with guest Stefan Georgi #MakingBank S4E30
A Deep Dive into Franchising with guest Erik Van Horn #Making Bank S4E29
A Deep Dive into Franchising with guest Erik Van Horn #Making Bank S4E29
New Ways of Thinking About Sales with guest Phil Jones #Making Bank S4E28
New Ways of Thinking About Sales with guest Phil Jones #Making Bank S4E28
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