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Something You Should Know

The Founder of Netflix Reveals His Secret of Success & The Problems of Working From Home

Something You Should Know

Mike Carruthers | OmniCastMedia

Education, Social Sciences, Self-improvement, Science, Health & Fitness

4.54.3K Ratings

🗓️ 31 October 2019

⏱️ 46 minutes

🧾️ Download transcript

Summary

When someone meets you, the first thing they likely notice are your eyes. But do you know what they notice second? Or third? Or fourth? This episode begins by explaining what folks notice and how they interpret what they see. https://www.prnewswire.com/news-releases/first-impressions-are-everything-new-study-confirms-people-with-straight-teeth-are-perceived-as-more-successful-smarter-and-having-more-dates-148073735.html The success story of Netflix is legendary. It was a little startup that became a huge success. Today every business school and entrepreneurial seminar likely spends some time talking about the extraordinary success of Netflix. So you might find it surprising that the founder was leaning towards starting a shampoo-by-mail and a custom-dog food-by-mail business before he decided on renting videos. My first guest today is Netflix co-founder and first CEO Marc Randolph who tells the Netflix success sage firsthand. Marc is the author of the book That Will Never Work: The Brirth of Netflix and the Amazing Life of an Idea (https://amzn.to/2WjwPeb). Nothing brings a family together more than spending time together. However, WHERE you spend that time is really important. Listen as I reveal whether it’s better to spend family time at home or whether going on trips helps strengthen family bonds. http://time.com/4526901/home-time-key-to-family-happiness/ More and more people work from home or work remotely. This means a lot of employees are working with people who they have never met and will never meet. That can create a lot of problems according to Jason Morwick. Jason is a certified Project Management Professional, author of the book Making Telework Work (https://amzn.to/36eUsZW) and he is publisher of a newsletter called "Open Kimono" www.theopenkimono.co which delivers business management research. He joins me to discuss the challenges faced by the people who work remotely and by the people who have to work with them. He offers some great advice for individuals and businesses to mitigate those problems so everyone feels part of the team no matter where they actually are.  This Week’s Sponsors: -Les Mills On Demand. Try the fitness app FREE for 21 days by going to www.TryLesMills.com/something –Airbnb. To learn more about being an Airbnb host visit www.Airbnb.com/host -Babbel. Get 6 months for the price of 3 when you use the promo code SYSK at www.Babbel.com  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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Today on something you should know, when someone meets you, they likely first notice your eyes.

0:50.0

But what do they notice next? Then, the founder of Netflix tells his amazing story of success,

0:57.0

and how renting videos was not his first choice for the business.

1:01.0

One of my favorites was actually doing customized dog food.

1:05.0

Another one was personalized shampoo delivered by mail.

1:08.0

And then one of the other crazy ideas was, I wonder if we could do video rental by mail.

1:14.0

Also, one of the powerful secrets to a happy family, and the inherent problems when people in an organization work from home,

1:21.0

or other virtual locations, and don't actually meet.

1:26.0

There's some studies done that show that people working virtually tend to be more task-focused.

1:32.0

And when you have a team that strictly focusing on a tap, there's a lot less cohesion or trust within that team.

1:39.0

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