Episode
#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
1:13:05
Published: Fri Apr 09 2021
Description
Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ Support the pod by spreading the word, become a referrer here: refer.fm/million --------- --------- Sam Parr (@TheSamParr) and Andrew Wilkinson (@awilkinson) discuss: * (5:35) Bradley Jacobs: the man who's built 5, billion dollar companies * (28:28) Dan Gilbert: how he started with nothing, built Quicken Loans and eventually, an empire * (41:30) What talking to Warren Buffett is like * (1:00:07) How Andrew lost $10m --------- --------- Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
Chapters
HubSpot CRM is a one-stop-shop with all the tools to grow your business, automate tasks, keep track of contacts and deals, and is free to get started.
00:00 - 00:46 (00:46)
Summary
HubSpot CRM is a one-stop-shop with all the tools to grow your business, automate tasks, keep track of contacts and deals, and is free to get started.
Episode#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
PodcastMy First Million
A discussion about identifying investment opportunities and taking inspiration from successful investors like Warren Buffett.
00:46 - 04:55 (04:09)
Summary
A discussion about identifying investment opportunities and taking inspiration from successful investors like Warren Buffett.
Episode#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
PodcastMy First Million
Wayne Huizenga, the founder of waste management company United Waste Management, started five companies that have either gone public or are worth over a billion dollars.
04:55 - 14:04 (09:09)
Summary
Wayne Huizenga, the founder of waste management company United Waste Management, started five companies that have either gone public or are worth over a billion dollars.
Episode#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
PodcastMy First Million
United Rentals became the number one equipment rental business in just 13 months by targeting small businesses that lacked capital to grow and were bad at sales.
14:04 - 19:49 (05:45)
Summary
United Rentals became the number one equipment rental business in just 13 months by targeting small businesses that lacked capital to grow and were bad at sales. Their business plan included becoming the largest equipment rental company in the world by leveraging their purchasing power and branding advantages.
Episode#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
PodcastMy First Million
The CEO of a company called Ceridian emphasizes the importance of hiring people who are high on the need to win scale and low on the need to be liked scale.
19:50 - 21:51 (02:01)
Summary
The CEO of a company called Ceridian emphasizes the importance of hiring people who are high on the need to win scale and low on the need to be liked scale. He attributes the success of their company to their acquisition of a software with a controversial name called Rentalman.
Episode#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
PodcastMy First Million
This podcast discusses a business owner who uses his wealth to do good things and insists that the people he buys from have high integrity.
21:51 - 24:58 (03:07)
Summary
This podcast discusses a business owner who uses his wealth to do good things and insists that the people he buys from have high integrity.
Episode#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
PodcastMy First Million
The podcast discusses how some entrepreneurs use their pre-existing wealth to take risks and launch new businesses, unlike most entrepreneurs who start with little capital.
24:58 - 27:52 (02:53)
Summary
The podcast discusses how some entrepreneurs use their pre-existing wealth to take risks and launch new businesses, unlike most entrepreneurs who start with little capital.
Episode#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
PodcastMy First Million
A discussion on a billionaire who is worth six to eight billion dollars and how he contributes to keeping industries employed.
27:52 - 30:47 (02:55)
Summary
A discussion on a billionaire who is worth six to eight billion dollars and how he contributes to keeping industries employed.
Episode#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
PodcastMy First Million
The discussion covers how Michael Jordan's face can be put on the wall as a decal, and how he innovatively built out and transformed a fragmented and fragile industry into a massive respected structure.
30:48 - 37:58 (07:09)
Summary
The discussion covers how Michael Jordan's face can be put on the wall as a decal, and how he innovatively built out and transformed a fragmented and fragile industry into a massive respected structure.
Episode#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
PodcastMy First Million
Billionaire Dan Gilbert, owner of the majority of downtown Detroit's real estate, has announced plans to pay off $300 million of property taxes for Detroit residents and has been a key player in the revitalization of the city's once-blighted downtown.
37:58 - 43:40 (05:42)
Summary
Billionaire Dan Gilbert, owner of the majority of downtown Detroit's real estate, has announced plans to pay off $300 million of property taxes for Detroit residents and has been a key player in the revitalization of the city's once-blighted downtown.
Episode#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
PodcastMy First Million
The host interviews Dan, a successful young entrepreneur from Detroit, who started a booming business that was later bought by Quicken.
43:40 - 48:48 (05:07)
Summary
The host interviews Dan, a successful young entrepreneur from Detroit, who started a booming business that was later bought by Quicken. Despite being in his 30s while everyone else in the company was in their 40s, Dan had great success.
Episode#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
PodcastMy First Million
The speaker initially stereotypes the entrepreneur as someone who owns casinos and has slicked back hair.
48:48 - 52:43 (03:55)
Summary
The speaker initially stereotypes the entrepreneur as someone who owns casinos and has slicked back hair. However, after meeting him, the speaker changes their perception and realizes he is actually a cool guy who is hands-on with his business but lets someone else operate it day to day.
Episode#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
PodcastMy First Million
The podcast host considers offering personal visits to fans who want to connect, despite having a global audience of 20,000.
52:43 - 55:49 (03:05)
Summary
The podcast host considers offering personal visits to fans who want to connect, despite having a global audience of 20,000.
Episode#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
PodcastMy First Million
The speaker discusses feeling burnt out and trying to figure out how to cope with the amount of emails and texts they are receiving, even contemplating moving to Hawaii to escape for six months.
55:49 - 59:24 (03:34)
Summary
The speaker discusses feeling burnt out and trying to figure out how to cope with the amount of emails and texts they are receiving, even contemplating moving to Hawaii to escape for six months.
Episode#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
PodcastMy First Million
In this conversation, the speakers discuss how not responding to a text message can actually resolve a conflict and how different ways of communication influence conflict resolution.
59:24 - 1:02:19 (02:55)
Summary
In this conversation, the speakers discuss how not responding to a text message can actually resolve a conflict and how different ways of communication influence conflict resolution.
Episode#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
PodcastMy First Million
The speaker discusses an encounter on Twitter where he was called out by the co-founder of Asana for complimenting another businessman.
1:02:19 - 1:05:26 (03:06)
Summary
The speaker discusses an encounter on Twitter where he was called out by the co-founder of Asana for complimenting another businessman.
Episode#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
PodcastMy First Million
The pressure and attention that comes with excessive online exposure can create negative emotions and experiences, leading to a feeling of underachievement and dissatisfaction even after achieving goals and success.
1:05:26 - 1:10:20 (04:53)
Summary
The pressure and attention that comes with excessive online exposure can create negative emotions and experiences, leading to a feeling of underachievement and dissatisfaction even after achieving goals and success.
Episode#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
PodcastMy First Million
The host suggests that with $2-3 million, you can live an amazing life in many parts of the world, including being set for life with $20 million.
1:10:20 - 1:12:54 (02:34)
Summary
The host suggests that with $2-3 million, you can live an amazing life in many parts of the world, including being set for life with $20 million.