4.8 • 681 Ratings
🗓️ 10 September 2024
⏱️ 24 minutes
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0:00.0 | Hey and welcome back to those who put in the work. I'm Cody Sanchez and this is the Big Deal |
0:08.9 | podcast and this is a moneymaker. A little bite-sized episode for people who want to make some more |
0:13.5 | money by building things. You guys are rare. All right, let's get into it this week. So this week |
0:17.6 | is perfect for how to be a CEO people love, often an oxymoron. And also, |
0:23.1 | what does it even mean to have your people love for you? Because it is tough love in some ways. |
0:27.1 | When I think about my business here, I contrarian thinking, and we've been building this bad boy |
0:30.7 | to have a nine-figure holding company, multiple businesses that do eight figures each, a team that's |
0:36.7 | locally based. I'd wanted to build |
0:38.0 | this business different than just about anything else. So when I was in finance and I built |
0:42.0 | multiple businesses at First Trust and State Street and entourage effect capital and all these |
0:47.1 | different businesses, in finance, the thing is you have a very small group of people. So, for |
0:52.3 | instance, Warren Buffett manages a business that does |
0:55.0 | hundreds of billions of dollars a year with 37 people. And in private equity, that's pretty |
0:59.1 | similar. So you have these small teams that are super high performing. You really don't have a lot |
1:04.5 | of entry level or low level talent. People come to you fully baked. You also typically in finance |
1:10.0 | have very strict incentive structures. |
1:12.6 | So like if we do this deal and we make money, people make money. And so it's a very direct one-to-one correlation. |
1:19.6 | This is important because most businesses aren't run this cleanly. And so as I've built a media business, I've realized, oh wow, the way that I build this business has to be totally different. |
1:29.7 | So obviously I love creating content. |
1:31.6 | We post like 50 pieces of it across all my platforms. |
1:34.5 | And if you've ever created content, you know the uphill battle. |
1:37.4 | It can be to ideate, write, produce, film, video, and then you have to edit it all. |
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