You’ll Never Learn This In Business School
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This episode is titled:
You’ll Never Learn This In Business School
Notable Quotes
"You can't produce a baby in one month by getting nine women pregnant."
"If everything you do needs to work on a three-year time horizon, you're competing against a lot of people."
"The best people out there are not worth 2X others. They're worth 10X. Sometimes they're worth 1,000X."
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Get More InsightsEpisode Summary
Codie Sanchez opens the episode by discussing the mindset required for starting a business, emphasizing the necessity of being 'unfinished' and the importance of allowing time for growth. She likens business growth to the famous Warren Buffett quote about the impossibility of speeding up progress through sheer force, asserting that while speed is essential, businesses need a reasonable timeline for truly effective development.
Throughout her journey, Sanchez shares her personal experiences, starting from modest beginnings to her ventures in various industries. She emphasizes that initial chaos is often beneficial for gaining momentum, urging entrepreneurs to take calculated risks and not worry too much about public perception. She breaks down several unconventional marketing strategies she employed to promote her newsletter, Contrarian Thinking, including distributing hats and utilizing bold advertising.
Sanchez stresses the importance of hiring, stating that the right team can significantly impact the success of a business. She advocates for seeking out high performers and being willing to go the extra mile to secure top talent. Notably, she shares insights on maintaining relationships with former employees and creating a positive work culture that radiates from the top down. The episode concludes with an invitation to listeners to cultivate their networks and share the podcast, highlighting the growth achieved through community support.
Throughout her journey, Sanchez shares her personal experiences, starting from modest beginnings to her ventures in various industries. She emphasizes that initial chaos is often beneficial for gaining momentum, urging entrepreneurs to take calculated risks and not worry too much about public perception. She breaks down several unconventional marketing strategies she employed to promote her newsletter, Contrarian Thinking, including distributing hats and utilizing bold advertising.
Sanchez stresses the importance of hiring, stating that the right team can significantly impact the success of a business. She advocates for seeking out high performers and being willing to go the extra mile to secure top talent. Notably, she shares insights on maintaining relationships with former employees and creating a positive work culture that radiates from the top down. The episode concludes with an invitation to listeners to cultivate their networks and share the podcast, highlighting the growth achieved through community support.
Key Takeaways
- Embrace the chaos of starting a business and focus on rapid execution.
- Hiring top performers is crucial for scaling a business effectively.
- Cultivating relationships with potential hires before needing them can lead to better recruitment.
- A strong company culture stems from effective leadership and should highlight top performers.
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