#100: Owns a Jet AND Gives Away 50% of Profitsš³
The Founder Podcast
Chris Lee
5 ā¢ 1.4K Ratings
šļø 13 May 2024
ā±ļø 45 minutes
šļø Recording | iTunes | RSS
š§¾ļø Download transcript
Summary
Welcome to a new episide of The Founder Podcast.Ā Join us in this episode where Lauren Von, CEO of Quintessa Marketing, shares her journey of integrating deep-seated generosity with business success. From giving away half of her company's profits to the impactful changes it has brought within her team and community, Laurenās story is proof to how business can be a powerful force for good. Join us to discover how generosity has not only shaped her business strategy but also fueled its growth to incredible heights.
Highlights:
"We still give away half of our monthly profit, something that we've just committed to, and it's funny because we've grown more doing that. Our employees are more bought in; it's really changed the trajectory of Quintessa and our employees."
"Giving away 50% of your profit, that's painful, there's a lot of pain in that. But what's amazing is, I have helped more because I felt called to mission work at a very young age."
"This will be a billion-dollar company. I get very clear on my vision. You donāt like my team? Great, Iāll go find the best. I'll go find it and scale it."
Timestamps:
00:41 - The Genesis of Giving Half the Profits
01:05 - Giving on Employees
03:10 - Committing to Regular Generosity
05:20 - Largest Donation: A Milestone of Generosity
08:15 - Childhood Inspirations from Parents
14:00 - Using Business for Greater Good
19:37 - A Decade of Leadership
25:04 - Bringing on Strategic Leadership
32:56 - Implementing the EOS System
38:08 - Power of Employee Involvement
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Transcript
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| 0:00.0 | Okay, so Lauren, you got to tell me about this mission that you have of giving away half your profits. |
| 0:05.3 | I think that's probably the thing that is like so compelling and exciting to me about what you're doing. |
| 0:09.7 | It started the month before COVID. |
| 0:12.2 | I was listening to a sermon at Life Church in |
| 0:14.6 | Oklahoma City talking about being irrationally generous and at that time I was |
| 0:18.7 | making little to know money but I felt super compelled and just really encouraged after that to do it. |
| 0:26.0 | So COVID hit like 10 days later. |
| 0:27.8 | My husband and I were talking and I told him like, hey, I want to give away. |
| 0:31.4 | So I'm like, tell me what I can do and he's like well you can give away half your profit but wrote the check. |
| 0:35.1 | How much was that first check? So first check was like $1,700. |
| 0:39.4 | And so you committed to doing this like on a monthly basis? I did. The whole point was, we're going to give away half. |
| 0:44.4 | Whether it's half of a day of profit, half of a week or half of a month, like do something, |
| 0:49.6 | right? Like, just change what corporate responsibility is. So we still give away half of our monthly profit something that we've just |
| 0:55.3 | committed to and what's funny is we've grown more doing that I say and we've |
| 0:59.7 | had like our employees are more bought in it's really changed the trajectory of like Quintessa and our employees do. I don't know why I'm getting emotional but |
| 1:07.0 | guys welcome another episode super excited to bring you Mrs Lauren Vaughn she's the founder and CEO of Quintessa Marketing. |
| 1:14.7 | They are a personal injury marketing company worth hundreds of millions of dollars. |
| 1:19.1 | She is a faith-based mother of five that is dedicated to the mission of giving 50% of her |
| 1:26.3 | profits. How would you feel about giving away 50% of your profits? Does that |
| 1:30.5 | scare you? Imagine a world in which you did so and made more money, |
| 1:35.8 | flew a private jet, and had incredible success in all areas of your life. |
| 1:41.6 | You're not going to want to miss this episode so |
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