4.6 • 1.9K Ratings
🗓️ 13 October 2021
⏱️ 4 minutes
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0:00.0 | Nobody respects or gives more credibility to a leader than when he tells him I don't know |
0:04.1 | but let me find the answer to that. |
0:05.9 | This is Entrepreneurs the Playbook. |
0:08.1 | The most critical thing that I learned about leadership in team members was when I went |
0:13.0 | to college my mom made me read a book. |
0:15.5 | The book is this thick, it's by Ben Franklin, it's his autobiography. |
0:19.6 | Ben Franklin said in the book, the best thing you can do is ask for help. |
0:24.9 | The best thing you can do in your life is ask for help because you become an investment |
0:29.1 | of others. |
0:30.8 | Now I created what I call the reverse Ben Franklin effect that says not only should we ask |
0:36.6 | for help we should always offer our help, right? |
0:40.3 | We ship the paradigm of value by offering our help. |
0:44.8 | The most amazing thing to me is that I bought this golf course when I retired and I built |
0:51.5 | it in popular grove in Amherst, Virginia. |
0:54.5 | We built it for $12 million in 2006, great market, it went up to about $120 million |
1:01.5 | we were building a convention center, 2,000 acres of homes. |
1:06.4 | In all my genius I decided to leverage that with my partners and bought a whole bunch |
1:11.7 | of real estate and then 2008 came. |
1:15.4 | The funny thing about that was because I was a genius I never asked one person for help. |
1:22.2 | All I had to do was call one person that owned a golf course, even if they didn't know |
1:27.7 | me and say, hey, I've just lucked out, I have this huge investment, it's gone way up. |
1:33.6 | Should I leverage this at 120% LTV and buy a whole bunch of commercial property and |
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