330: Kat Cole - The Best Business Leader In America?

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 8 July 2020

⏱️ 104 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kat Cole is the President and Chief Operating Officer of Focus Brands, a company doing nearly $5 billion in annual revenue. She is the former president of Focus Brands' subsidiary Cinnabon. Prior to that, she was an Executive Vice President of Hooters. In this conversation, we discuss leading through hyper-growth, obsession with truth, why time is bad when dealing with problems, what the hotshot rule is, the importance of consumer-obsessed mindsets in business, and how Focus Brands is handling the COVID-19 pandemic and the related economic crisis. =============================== BlockFi allows you to keep your crypto, put it up as collateral, and receive a USD loan funded directly to your bank account. They do loans ranging from $2,000 to $10,000,000, and they're perfect for helping you reach your financial goals of all sizes. Visit BlockFi.com/Pomp to learn more about putting your crypto to work without having to sell it. https://www.blockfi.com/pomp =============================== Our second sponsor is choice, a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the 7.1 million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. https://www.retirewithchoice.com/pomp =============================== Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pump. You're listening to the
0:05.1	Pomp podcast. Simply the best podcast out there. Let's kick this thing off. Kat Cole is the president
0:12.3	and chief operating officer of Focus Brands, a company doing nearly $5 billion in annual revenue.
0:19.1	She's the former president of Focus Brand subsidiary Cinebun.
0:23.3	Prior to that, she was an executive vice president of Hooters. In this conversation, we discuss
0:29.3	leading through hypergrowth, obsession with truth, why time is bad when dealing with problems,
0:35.2	what the hotshot rule is, the importance of consumer
0:39.0	obsessed mindsets in business, and how focused brands is handling the COVID-19 pandemic and
0:44.8	the related economic crisis. I really, really enjoyed this conversation with Kat,
0:49.5	and I hope you do as well. Before we get into the episode, though, I want to quickly talk about our sponsors.
0:55.5	The first is BlockFi. I'm a big investor and user of the platform. And if you want to get more
1:01.3	crypto, BlockFi is running, one of the best promotions they've ever run. BlockFi already makes
1:06.8	it easy to earn up to 8.6% APY on your crypto in their interest-bearing accounts,
1:12.2	and right now they're offering a massive increase in that interest. You can get a double
1:17.7	interest bonus if you fund a BlockFi account by July 18th. That's right, they'll double
1:22.9	up that interest if you fund the account by July 18th. That means for the month of August, you're
1:28.4	earning twice as much as normal. All you have to do is enter promo code 2x when you're signing
1:33.3	up again. Just enter the number two followed by the letter X. That's promo code 2X. Go to blockfi
1:41.1	dot com slash pomp and enter code 2X and you'll get double interest bonus if you fund your BlockFi account by July 18th.
1:50.1	Our second sponsor is Choice, a new self-directed IRA product I'm really excited about.
1:55.6	If you're listening to this, you're likely part of the 7.1 million Bitcoin owners who have retirement accounts with dollars in
2:01.2	them, but not Bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your
	...

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