Why Billionaire Tilman Fertitta Says "Shut Up and Listen!"
The Tai Lopez Show
Tai Lopez
4.8 • 6.9K Ratings
🗓️ 20 October 2019
⏱️ 53 minutes
🧾️ Download transcript
Summary
Today I’m excited to bring you guys my anticipated interview with the man himself, Tilman Fertitta.
If you don’t know who Tilman is, Forbes named him the richest restaurateur in the world. Owning over 600 restaurants (some you may have eaten at), 5 casinos and…
The Houston Rockets! If you’ve been following me, you know my unconditional love for basketball.
In this interview, I talk with Tilman on topics from his book “Shut Up And Listen! Hard Business Truths That Will Help You Succeed”.
If you haven’t had a chance to check it out, I highly recommend it.
So here are some of the things you’ll learn in value-packed interview:
- Why it doesn’t matter how good your product is, if you don’t know this ONE THING, you’ll be out of business.
- How Tilman has made the majority of his fortune during recessions.
- How to develop an “Eat the weak” mentality and why it’ll save you during the next economic downfall.
- And much, much more…
Sit down and turn everything off. You’re in for a real treat with this one.
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Transcript
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| 0:00.0 | And everybody that is successful, every business out there, they're doing 95% right. |
| 0:04.7 | But the ones that really make it go figure out the details in the 5%. |
| 0:09.4 | And always know that I have to keep pushing and driving everybody to get that 5%. |
| 0:14.4 | Hi, how are you? How are you doing, my friend? California greets you? Oh, look at this. |
| 0:32.5 | Be a little Texas hospitality. Beverly Hills and Texas meetup. |
| 0:38.2 | For those of you who don't know, Tell Men was named by Forbes as the richest restaurateur |
| 0:44.0 | in the world. But near and dear to my heart, you want a basketball team, which is probably |
| 0:50.0 | the greatest accomplishment. In my mind, somebody could do for just a fun business goal. |
| 0:56.2 | Owns 600 restaurants, 60,000 employees. Yeah, five casinos, but I have to say, I love |
| 1:03.0 | them all. I love all the businesses and the hotels. But it's really great on a basketball |
| 1:07.8 | team all day. That's good. And you've got a good team in this year's. |
| 1:11.7 | So question from your book. Shut up and listen, great title, by the way. You talked about |
| 1:20.0 | knowing your numbers, right? So we now live in a world. I'm in the middle of it. Social |
| 1:25.5 | media, everybody's becoming entrepreneurial, which in many ways is good. And people want |
| 1:30.8 | to think big. They believe in the secret and all these big picture things like I'm going |
| 1:35.0 | to succeed. But when I read your book, there's two things that stand out. One is know your |
| 1:41.4 | numbers, meaning you got to have technical skill. You have to pay attention to the business. |
| 1:46.0 | In your experience, you had a TV show. You've seen so many business owners. What percentage |
| 1:50.0 | of business owners know their number? None. None really. A lot, all your successful |
| 1:54.5 | ones. And the unsuccessful ones don't know their numbers. And I don't care how good |
| 1:59.2 | your product is. If you don't know your numbers, and I can talk to somebody for a minute |
| 2:03.6 | and a half and start quizzing you about your business. And I can know real quick, you |
... |
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