How Carey Smith Made $500,000,000 Through Selling Fans (And Sarcasm)

Action Academy | Replace The Job You Hate With A Life You Love

Brian Luebben

Corporate, Careers, Business, Financial Freedom, Small Business, Entrepreneurship, Biggerpockets, Investing, Millionaire, Real Estate, Passive Income, Alex Hormozi, Commercial Real Estate

5 • 683 Ratings

🗓️ 14 February 2023

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carey Smith is the founder of Big Ass Fans that sold in 2017 for 500 Million Dollars. Today we discuss how he built, bootstrapped, and exited the company - where he wrote 50 million dollars of checks as bonuses to his loyal employees! Contrarian entrepreneur Carey Smith founded Big Ass Fans in 1999 and served as its “Chief Big Ass” for 18 years. While other companies made and lost their fortunes, Carey’s business practices led to sustained, rapid growth averaging 30% annually. Inc. magazine ...

Transcript

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0:00.0	When you sell for $500 million, like, where does that money go?
0:03.3	Do you just get like a wire to your bank account?
0:05.6	What does that look like?
0:06.5	No, no, you don't.
0:07.9	There's a lot of really silly things that you don't know or you don't have when this happens.
0:14.0	That's interesting.
0:14.8	You asked that because that was one of the first questions.
0:17.2	It's, oh, my God, the bank in town won't take it.
0:20.5	They won't take it. They won't take it.
0:22.2	Welcome to the Action Academy podcast.
0:26.1	Stand back while I celebrate freedom.
0:28.4	The show where we help you achieve financial independence with the mindsets, methods,
0:34.3	and actionable steps from guests who've already earned their freedom.
0:38.8	The flags of freedom fly.
0:41.9	Choose to do what you want.
0:44.2	What you want.
0:45.0	With who you want.
0:46.1	With who you want.
0:47.1	When you want.
0:48.1	When you want.
0:49.3	With another episode today.
0:51.8	Now, here's your host, Brian Lubin.
	...

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