Pareto's Principle
The GaryVee Audio Experience
Gary Vaynerchuk
4.8 • 18.3K Ratings
🗓️ 8 October 2014
⏱️ 6 minutes
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Summary
#QOTD: What state do you live in?
I'm just not that interested in other people's rules. I mean thinking like that can be really helpful for some people, but I've only ever done what felt right, and I think layering on some kind of framework on top of it starts to create a product. Value your authenticity!!
Transcript
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| 0:00.0 | On this episode I talk top-lined bottom line my dad's shoes and |
| 0:05.1 | Paputo's Law. Hey everybody this is Gary Vay, nerd Chuck and you're watching episode 15 of the |
| 0:11.4 | Ask Gary V Show. Fun fact of the number 15. That's roughly about the amount of hours I've been |
| 0:18.0 | working today. It's actually close to the 16. I want to ask what would you do if you were in your |
| 0:24.2 | dad's shoes and you didn't come to the US until you were 23. You know I want to I want to believe |
| 0:30.3 | that if I came to the US in the way that my dad did which was not only a 23 years old but also |
| 0:36.5 | with a child and another one on the way that I would do the same thing that he did which was |
| 0:40.3 | completely work his face off to allow the next generation to kind of build on top of that and so |
| 0:46.0 | you know I don't think I would have done anything different. I think a lot of its circumstance, |
| 0:52.0 | my dad had a great uncle who had a liquor store that he got to work in and that great |
| 0:56.5 | uncle passed away and it was just all these kind of different variables. I think circumstance |
| 1:00.4 | has a lot to do with what I would have done but the one thing I know I would have done is work |
| 1:05.7 | every hour of every day. Tommy asks in 13 thoughts of being an entrepreneur you say you focus |
| 1:12.8 | on top line versus bottom line. Why? Tommy you know one thing I think a lot of entrepreneurs do |
| 1:18.6 | especially ones that are just starting companies since I invest in so many of them that completely |
| 1:22.0 | blows me away is they start looking to drive margin profit very early on. The reason I always |
| 1:28.3 | focus on top line revenue and something I did in my dad's business and something that AJ felt when |
| 1:33.1 | I started going full time on the Vaynerfront was you could always drive your profits higher eventually |
| 1:38.9 | but when you got a moment in time and when I run businesses I tend to innovate and I tend to be |
| 1:44.6 | slightly ahead of the market and the market eventually catches up to me and then that's the good |
| 1:50.2 | thing that's the moment when it gets exciting people start believing in social media marketing |
| 1:53.6 | we're believing in internet e-commerce wine businesses or we're believing in Australia, New |
... |
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