4.6 • 1.9K Ratings
🗓️ 29 December 2024
⏱️ 24 minutes
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In this "Lessons" episode, Michael Loeb, President and CEO of Loeb NYC, delves into the transformative power of risk-taking and an entrepreneurial mindset. He shares how bold decisions and embracing failure can unlock new opportunities for growth. Through his insights, discover how to think strategically, navigate setbacks, and make impactful choices in your career and business ventures.
The Necessity of Burning the Boats: Michael recounts his own experience of being fired and how it pushed him to step outside his comfort zone. He emphasizes the importance of fully committing to an idea and not holding onto safety nets, drawing parallels to historical moments of decisive leadership and risk-taking.
Building Entrepreneurial Thinking: Michael highlights the value of cultivating an entrepreneurial mindset, especially in his unique "Internitopia" program. This initiative trains rising seniors to think like entrepreneurs, challenging them to craft ideas, articulate business models, and understand the long-term consequences of their decisions.
Lessons from Pool, Poker, and Magic: Using innovative teaching methods, Michael introduces lessons in strategy and mindset. Pool teaches the importance of thinking three steps ahead, poker instills detachment and emotional control, and magic reveals the folly of following the crowd. Each of these activities provides practical tools for approaching challenges with creativity and foresight.
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0:00.0 | I just want to take a quick second and thank NetSuite for supporting today's episode. |
0:03.2 | Now, let's use some quick math. |
0:04.3 | The less your business spends on operations on multiple systems, on delivering your product or your service, |
0:09.4 | the more margin you have as an entrepreneur and the more money you keep. |
0:12.9 | But with higher expenses on materials, employees, distribution, borrowing, everything is costing more. |
0:17.9 | So to reduce costs and headaches, smart businesses are graduating |
0:21.2 | to NetSuite by Oracle. NetSuite is the number one cloud financial system, bringing accounting, |
0:26.0 | financial management, inventory, HR into one platform, one source of truth for your business. |
0:31.6 | With NetSuite, you reduce IT costs because NetSuite lives in the cloud, no hardware required, |
0:36.7 | accessed from anywhere. |
0:38.5 | You cut the cost of maintaining multiple systems because you've got one unified business |
0:42.4 | management suite. You improve efficiency by bringing all your major business processes |
0:46.3 | into one platform, slashing manual tasks and errors. Over 37,000 companies have already |
0:52.3 | made the move to do the math. See how you'll profit with |
0:55.2 | NetSuite. And with inflation hitting businesses hard these days, it's more important than ever |
0:58.8 | to find proven ways to cut costs while actually improving performance. That's exactly what |
1:03.3 | NetSuite delivers. By popular demand, NetSuite has extended its one-of-a-kind flexible financing |
1:08.1 | program for a few more weeks. Head to netseweek.com slash Scott Clary. |
1:12.5 | That's netsweet.com slash Scott Clary. |
1:15.2 | NetSuite.com slash Scott Clary. |
1:18.0 | I just want to take a second and thank Incogni for supporting today's episode. |
1:21.3 | Now, you know what's kept me up at night lately? |
... |
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