5 • 23.7K Ratings
🗓️ 1 April 2021
⏱️ 6 minutes
🧾️ Download transcript
In this episode, Bill sits down with Marty Davis to discuss the path to success, the purpose of money, and people helping people.
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0:00.0 | Part of our mission of having humans help humans, I decided to have my friend and CEO, |
0:07.2 | Marty Davis of Cambria, a $500 million company sit down with me and talk a little bit about |
0:12.8 | business, making money, and hopefully giving money or said differently, opportunity to |
0:18.7 | people. |
0:19.7 | Marty, thanks for being here. |
0:20.7 | Thanks, Bill. |
0:21.7 | Well, what kind of advice would you have with somebody to be able to get from zero to |
0:25.8 | half a billion? |
0:26.8 | Well, first of all, half a billion dollars, it was never a goal. |
0:32.2 | I think keeping it small. |
0:34.4 | And we had very short kind of goals that we could attain, and that was to produce a |
0:40.5 | good product, a high quality product. |
0:42.7 | Capitalist critical. |
0:44.3 | And how you develop it, many, many entrepreneurs do amazing things and end up with one percent |
0:49.7 | of their company because they had to go out and borrow money and give up equity. |
0:54.5 | So we were fortunate there as well. |
0:56.5 | It was very important to have the ability to take the risks. |
1:00.2 | We went through the period of time where we said we pay for our raw material first, our |
1:04.3 | payroll second, and then we deal with trade payables by calling people up and saying, |
1:09.1 | we need your patience. |
1:10.2 | And we went through that a couple times here at Cambria. |
1:14.8 | We would have been through it in the dairy business too. |
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