Become Your Family's Chief Financial Officer with Doug McCormick
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 21 January 2018
⏱️ 18 minutes
🧾️ Download transcript
Summary
Doug possesses a lifetime of experiences as an investment banker, investor and entrepreneur that make him an authority on how you can create financial independence and accumulate real wealth.
Top 3 Value Bombs:
1. Build a business that will survive and thrive without you.
2. Focus on building a good team, because it's what will get you to success.
3. The old economy is not outdated in terms of profitability; probability of business success is still high.
Check out Doug's book - Family Inc
Sponsors:
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Transcript
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| 0:00.0 | What's Shaken Fire Nation, JLD here and welcomed episode 1918 at EO Fire, where I chat |
| 0:10.6 | with entrepreneurs on fire seven days a week and it's time fire nation to accomplish |
| 0:16.7 | your number one goal in 100 days visits thefreedomjournal.com. |
| 0:22.6 | Now let's chat with today's featured guest Doug McCormick. |
| 0:26.3 | Doug are you prepared to ignite? |
| 0:28.7 | I prepared to ignite John episode 1918, can't wait. |
| 0:32.4 | Doug possesses a lifetime of experiences as an investment banker investor and entrepreneur |
| 0:38.2 | that make him an authority on how you can create financial independence and accumulate real |
| 0:43.6 | wealth. |
| 0:44.6 | Doug take a minute, fill in some gaps from that intro and give us a little glimpse |
| 0:48.0 | of your personal life. |
| 0:49.0 | Hey John, thanks so much for the intro. |
| 0:51.4 | As you can tell by all those various jobs, relatively old and a bit of a journeyman, |
| 0:57.0 | I've had a bunch of different careers. |
| 0:58.3 | I started out in the service in the army and concluded that was a great experience, |
| 1:03.1 | but not going to be a career for me. |
| 1:04.6 | And so transitioned out into business school at Harvard and did investment bank for a |
| 1:09.2 | while, which again, I concluded was a great experience. |
| 1:12.2 | I learned a ton, but decided I was more interested in the buy side. |
| 1:17.7 | And so I joined a private equity firm for several years and then ultimately became an entrepreneur, |
| 1:23.1 | almost by accident, as I started my own investment firm with a couple partners about 12 years |
| 1:28.1 | ago. |
... |
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