Episode
727 Business Growth and Raising Money with Matt Higgins
1:20:57
Published: Mon Dec 03 2018
Description
STOP PLAYING SMALL. So often we are afraid to go all in. Whether it’s in a relationship, in business, or in an investment, the fear of failure keeps us from fully committing. What a mistake. I’ve had to learn to love failure. I have to consciously tell my brain, “You’re going to fail. And it’s going to be ok.” Take the leap. Make the commitment. Dare to take a stand. If we’re not failing, we are staying too safe. And you won’t grow unless you are constantly making yourself uncomfortable. On today’s episode of The School of Greatness, I dive deep into the idea of going all in when the time is right with one of the most successful investors in the world: Matt Higgins. Matt Higgins is a proven operator, investor and business builder with a knack for helping founders at pivotal growth moments achieve breakout success. He serves as CEO of RSE Ventures, a private firm that incubates and invests in companies across sports and entertainment, food and lifestyle, media and marketing, and technology. Higgins co-founded RSE with Miami Dolphins owner, Stephen M. Ross, the most prominent private developer in the U.S. and a serial entrepreneur. Together Higgins and Ross have helped build enterprises from scratch, including the largest privately owned soccer tournament in the world (International Champions Cup) and leading brand strategy and communications agency Derris. Matt didn’t graduate from high school. He came from a humble beginning but never let that hold him back from getting where he is today. He says that when you do things your own way and you start with a blank page, it’s going to be a lonely journey. You have to trust yourself and be careful about the advice that you take. So get ready to learn what makes Matt a great investor and why certain businesses are winners on Episode 727. Some Questions I Ask: How did you start this business-building fund? (7:00) What are the characteristics of the people you invest in that made them stand out? (9:45) If the product is average but the person is incredible, can there be a massive business? (19:00) What’s the biggest lesson your mom taught you? (44:00) What’s your greatest fear? (46:00) What’s the thing you’re most proud of? (53:00) In This Episode You Will Learn: The two things you need to be a great business leader (10:00) The question Matt asks himself before he invests in a company (12:00) The story of Matt’s first investment (14:00) Matt’s advice for people who are playing small (22:00) Matt’s biggest regrets in business (23:00) What do you do when you go all in but then you fail? (24:00) About Matt’s surprising backstory (31:00) The one thing Matt thought about when he was diagnosed with cancer (51:00)
Chapters
Matt Higgins, the CEO of RSE Ventures, talks about investing in businesses, the power of pattern recognition, and how to scale a business.
00:00 - 02:47 (02:47)
Summary
Matt Higgins, the CEO of RSE Ventures, talks about investing in businesses, the power of pattern recognition, and how to scale a business. He shares his experience in choosing the best companies to invest in, how lonely the journey of starting a business can be, and the importance of looking at the rearview mirror of a business.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
A guest speaker shares his personal journey and business strategies on how he overcame challenges in sports business and transitioned to success.
02:47 - 05:10 (02:22)
Summary
A guest speaker shares his personal journey and business strategies on how he overcame challenges in sports business and transitioned to success.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
The success of emerging fast-casual concepts lies in their real estate strategy in the early stages, and investors must look for individuals who possess the passion and the drive to succeed.
05:10 - 10:26 (05:15)
Summary
The success of emerging fast-casual concepts lies in their real estate strategy in the early stages, and investors must look for individuals who possess the passion and the drive to succeed. This often refers to the real estate component because most deals include a real estate developer.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
The ability to show vulnerability and a willingness to learn is key to building an authentic and scalable business, according to investor and "Shark Tank" personality Mark Cuban.
10:26 - 12:50 (02:24)
Summary
The ability to show vulnerability and a willingness to learn is key to building an authentic and scalable business, according to investor and "Shark Tank" personality Mark Cuban.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
Gary Vaynerchuk predicted in 2009 that social media would disrupt traditional corporate advertising, and as a result, he founded a social media digital firm to help companies navigate the new terrain.
12:50 - 16:08 (03:18)
Summary
Gary Vaynerchuk predicted in 2009 that social media would disrupt traditional corporate advertising, and as a result, he founded a social media digital firm to help companies navigate the new terrain. He recognized the importance of owning a stake in the company and worked hard to establish himself as a co-founder who was fully invested in its success.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
The speaker expresses their faith in a person, stating that they are willing to wait for them to create a successful product in the future.
16:08 - 21:14 (05:05)
Summary
The speaker expresses their faith in a person, stating that they are willing to wait for them to create a successful product in the future. They affirm the individual's potential and encourages them to stick to their long-term vision.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
Playing small is not the way to achieve big dreams.
21:14 - 24:16 (03:02)
Summary
Playing small is not the way to achieve big dreams. Avoid using excuses and instead focus on taking actionable steps towards success.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
The issue with big investment winners is that they require time and energy to exit and investors may not see a return for years, compared to small wins where investors may see some profit in the short-term.
24:16 - 27:54 (03:38)
Summary
The issue with big investment winners is that they require time and energy to exit and investors may not see a return for years, compared to small wins where investors may see some profit in the short-term.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
A discussion on investing in businesses with great ideas and the importance of building for the long haul rather than focusing on immediate exits.
27:54 - 30:26 (02:32)
Summary
A discussion on investing in businesses with great ideas and the importance of building for the long haul rather than focusing on immediate exits.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
The speaker recounts a pivotal moment in their teenage years where they realized they had to choose between being embarrassed and demeaned or standing up for themselves.
30:26 - 32:41 (02:15)
Summary
The speaker recounts a pivotal moment in their teenage years where they realized they had to choose between being embarrassed and demeaned or standing up for themselves. They also share a random tidbit about cleaning gum from beneath restaurant chairs.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
This podcast episode features a man discussing his struggle with poverty and attending high school in a rough neighbourhood, revealing that he almost missed out on the opportunity for success.
32:41 - 36:07 (03:25)
Summary
This podcast episode features a man discussing his struggle with poverty and attending high school in a rough neighbourhood, revealing that he almost missed out on the opportunity for success.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
The speaker shares his personal experience of feeling like a failure in high school, but using that experience as motivation to overcome challenges and succeed in life.
36:07 - 39:02 (02:55)
Summary
The speaker shares his personal experience of feeling like a failure in high school, but using that experience as motivation to overcome challenges and succeed in life.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
The speaker talks about his journey from making zero money to making over a hundred thousand dollars a year and learning important life lessons along the way.
39:02 - 42:47 (03:45)
Summary
The speaker talks about his journey from making zero money to making over a hundred thousand dollars a year and learning important life lessons along the way.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
The speaker emphasizes the significance of kindness in our life, as it can bring us joy and experience for the short amount of time we have.
42:47 - 46:09 (03:22)
Summary
The speaker emphasizes the significance of kindness in our life, as it can bring us joy and experience for the short amount of time we have. They encourage people to be compassionate towards others.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
The speaker reflects on their emotions after receiving a professional diagnosis and the fear of how it would affect their life and career.
46:09 - 49:04 (02:55)
Summary
The speaker reflects on their emotions after receiving a professional diagnosis and the fear of how it would affect their life and career. They also acknowledge the impact of passing on personal issues to their children.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
Reflecting on the prospect of death makes us re-evaluate what's important in our lives, and realize how much of what we worry about is irrelevant.
49:04 - 51:59 (02:55)
Summary
Reflecting on the prospect of death makes us re-evaluate what's important in our lives, and realize how much of what we worry about is irrelevant.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
A successful professional attributes his achievements to discipline and the sacrifice it takes to be a good parent, while also recognizing the importance of finding people who are better than him and learning from them.
51:59 - 57:04 (05:05)
Summary
A successful professional attributes his achievements to discipline and the sacrifice it takes to be a good parent, while also recognizing the importance of finding people who are better than him and learning from them.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
It's important to resist the impulse to make a deal just for the sake of it and to take the time to truly understand a person and their needs.
57:04 - 59:36 (02:32)
Summary
It's important to resist the impulse to make a deal just for the sake of it and to take the time to truly understand a person and their needs. Rushing into a deal could lead to missed opportunities.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
The speaker shares his passion for fast-casual restaurants and how he aims to build an accessible brand to help small and mid-sized businesses stay aware of the threats and opportunities in the industry.
59:36 - 1:03:13 (03:37)
Summary
The speaker shares his passion for fast-casual restaurants and how he aims to build an accessible brand to help small and mid-sized businesses stay aware of the threats and opportunities in the industry.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
The conversations and thoughts we have with ourselves dictate our belief in ourselves, which can impact future partnerships and investments.
1:03:13 - 1:07:02 (03:48)
Summary
The conversations and thoughts we have with ourselves dictate our belief in ourselves, which can impact future partnerships and investments. Visualizing who we want to become and what we want to create in the world can help shape our mindset and motivate us through challenges.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
The speaker believes that achieving peace is more important than achieving professional success, as success is a steady state of peace.
1:07:02 - 1:09:30 (02:28)
Summary
The speaker believes that achieving peace is more important than achieving professional success, as success is a steady state of peace. They also emphasize the value of living in the present moment.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
The speaker found peace in his heart when he started to acknowledge and celebrate his achievements, instead of focusing solely on the next challenge.
1:09:30 - 1:12:27 (02:57)
Summary
The speaker found peace in his heart when he started to acknowledge and celebrate his achievements, instead of focusing solely on the next challenge. He realized the importance of celebrating every milestone, no matter how small.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
Imagine it's your last day, and you have an opportunity to leave three truths for the world to live by.
1:12:27 - 1:15:14 (02:47)
Summary
Imagine it's your last day, and you have an opportunity to leave three truths for the world to live by. What would they be?
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
Matt shares insights about what it means to live an intentional life, and how it involves organizing your occupation and daily life around the goal of doing no harm.
1:15:14 - 1:18:07 (02:53)
Summary
Matt shares insights about what it means to live an intentional life, and how it involves organizing your occupation and daily life around the goal of doing no harm. The conversation also touches on the importance of pursuing one’s own destiny and having the freedom to do so.
Episode727 Business Growth and Raising Money with Matt Higgins
PodcastThe School of Greatness
Listen to successful businessman Matt Higgins as he talks about reinventing your life and continuing to inspire yourself and those around you.
1:18:07 - 1:20:18 (02:11)
Summary
Listen to successful businessman Matt Higgins as he talks about reinventing your life and continuing to inspire yourself and those around you.