#75 with Randy Hetrick - Navy SEAL To $50M TRX

My First Million

Hubspot

Investing, Entrepreneurship, Business

4.7 • 2.9K Ratings

🗓️ 16 May 2020

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

** The audio recording in the episode had some stuff ups. Sam is not interrupting Randy, it's just the audio delaying in recording. Very sorry for the listening experience, will be fixed in future episodes. ** Today's ep is possible because of Superside! Head to www.superside.com/mfm to hire a dedicated team of designers for your project! Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. Sam (@thesamparr) talks to Randy Hetrick (@randyhetrick) who is the CEO of TRX training (inventor of TRX Suspension Trainer), a leading global brand in physical training and the industry leader in functional fitness. Built the company from a bootstrap start up to a high growth consumer brand with 130 employees and approximately $50M in annual revenues. Today's topic include: Why angel investors are better to receive money from than VC's (6:20), Starting a physical goods business and being omnichannel (13:08), Difference between being chairman and CEO (29:08), Why institutional MBA type CEO's suck (33:07), What industries he's interested in investing in (39:32), Sam's MMA weight cut (43:34), Navy Seal and business leadership (46:25) and Randy's angel investing, selling secondary and building his personal brand (55:33). See acast.com/privacy for privacy and opt-out information.

Transcript

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0:00.0	All right, there's this amazing book called Getting Everything You Can Out Of All You've Got.
0:04.9	I read it a few years ago and it changed my life.
0:07.8	And the reason I loved it was because it basically talks about how to get and make more money
0:12.7	using things that you already have.
0:15.1	Coincidentally, today's podcast is brought to you by Business Made Simple.
0:19.6	It's a podcast by Donald Miller, who I'm going to tell you about in a second, but he has
0:23.3	this amazing episode that's all related to this book and the things that I learned in this
0:26.9	book.
0:27.9	It's called How to Make Money With What You Already Have.
0:29.4	It's an incredible episode.
0:30.9	It talks about all the stuff that I learned in this book.
0:33.2	The host is Donald Miller.
0:34.7	I didn't know who Donald Miller was up until recently, but over the last 12 months, this
0:37.9	is totally by coincidence.
0:38.9	There was all separate people.
0:40.2	They said you have to check out Donald Miller.
0:42.0	He's amazing.
0:43.0	So I'm happy that he's part of Howspot's Podcast Network.
0:45.5	You can check it out.
0:46.5	Business Made Simple Podcast.
0:47.9	It's where he coaches you on how to build your business like an airplane where the cockpit
0:52.1	is your leadership, the body is your overhead, the right engine is your marketing, the left
	...

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