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Earn Your Leisure

The Mindset of a Winner: The Life of an Unyielding Entrepreneur

Earn Your Leisure

iHeartPodcasts

Business News, Careers, News, Entrepreneurship, Business, Education, Investing

4.97.9K Ratings

🗓️ 20 November 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

In this episode of EYL, hosts Rashad Bilal and Troy Millings sit down with guest Derrick Hayes, a successful entrepreneur and CEO. The conversation revolves around the mindset of a winner, the challenges of being a CEO, and the importance of creating opportunities for others.


The video transcript reveals Derrick's perspective on winning and self-improvement. He acknowledges that as a winner, he often feels like he's losing because he focuses on what went wrong and how he can improve. However, he also mentions that he feels like he's winning because he works hard and is relentless in his pursuit of success.


Derrick emphasizes the importance of being hard on oneself and not settling for mediocrity. He believes that by not congratulating oneself too often, it fuels the drive to achieve more. He also highlights the significance of waking up every morning and doing what one loves, as many people are unhappy with their lives because they aren't pursuing their passions.


The conversation then shifts to Derrick's ventures in Hollywood and content creation. He hints at the possibility of a show featuring Pinky, indicating the incredible opportunities that have come his way as a result of his hard work and success. Derrick expresses the satisfaction of being able to choose what projects to pursue and the importance of only taking on opportunities that align with one's values and goals.


Derrick also mentions his role as an investor and the importance of people having their businesses in order before seeking investment. He emphasizes the need for professionalism, preparedness, and a solid business plan when approaching potential investors. He shares his experiences of having to make tough decisions and let go of people he cared about when they weren't contributing to the mission and vision he had for his company.


The hosts delve into Derrick's corporate structure, with him revealing the various roles within his company, including a president, CFO, and human resources team. He mentions that some of the positions are filled by people he knew, but he also recognizes the value of bringing in qualified strangers who command respect from the team.


The conversation touches on the topic of children growing up in privilege and the potential loss of appreciation for the “grit and grind.” Derrick expresses his intention to provide opportunities and resources to his children while instilling in them the importance of being community leaders and using their privilege to benefit others.


Lastly, the dialogue highlights the need for talent that can meet the expectations and vision set by entrepreneurs. Derrick draws on an analogy from Dan Cathy, CEO of Chick-fil-A, comparing entrepreneurs to musical composers who surround themselves with talented musicians. He stresses the importance of not lowering one's standards but instead seeking higher-level talent to align with the overall vision.


In summary, this episode explores the mindset of a winner, the challenges of being an entrepreneur, and the importance of creating opportunities for oneself and others. Derrick Hayes' insights and experiences provide valuable lessons for aspiring entrepreneurs and serve as a reminder to be relentless in the pursuit of success while staying true to one's values.


Hashtags: #entrepreneurship #successmindset #opportunity #hardwork #selfimprovement #businessgrowth #leadership #gritandgrind #EYL #interview



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Transcript

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0:00.0

Earners what's up look creating a million dollar brand isn't easy creating multiple

0:04.7

million dollar brands well that's nearly impossible that's unless you have the

0:08.8

right business partners and that's why we chose Shopify it It's the no-excused business partner that makes it easy for your brand to show up exactly the way you wanted to.

0:18.0

Whether it's selling merchandise or selling thousands of tickets to live events. With Shopify, you can manage orders, shipping, and payments from anywhere.

0:27.6

And once you start selling, Shopify makes getting paid simple

0:31.1

by instantly accepting every type of payment.

0:33.8

Shopify is the global commerce platform that helps you sell at every stage of your business.

0:38.8

From the launch your online shop stage to the first real life store stage all the way to the

0:44.6

did we just hit a million orders stage shopify is there to help you grow whether

0:50.6

you're selling shipping supplies or promoting productivity programs, Shopify helps you sell everywhere.

0:57.0

From their all-in-one e-commerce platform to their in-person POS system wherever and whatever you're selling

1:05.0

Shopify's got you covered. Shopify helps turn browsers into buyers

1:09.5

with the internet's best converting check out up to 36% better compared to other leading

1:14.7

commerce platforms. And sell more with less effort thanks to Shopify Magic,

1:19.1

your AI-powered All-Star. You know, I'm big on data and analytics. So what I love about Shopify is how

1:26.1

detailed the information is. No platform tells you who your customers are, where

1:31.3

they're from, and what they like to purchase in real time like

1:34.4

Shopify. Shopify powers 10% of all e-commerce in the United States and

1:39.7

shopify is the global force behind Allbirds, Rothies, and

1:44.0

Brooklynin and millions of other entrepreneurs of every size

1:48.4

across 175 countries.

1:51.2

Plus, Shopify's award-winning help is there to support your

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