Episode
859 How to Build a Multi-Billion Dollar Empire with Tilman Fertitta
43:23
Published: Mon Oct 07 2019
Description
SEPARATE FROM THE PACK . We all want to be successful. Some of us even want to be wealthy. Some think that to achieve success they need to become someone different. What if you could achieve your goal just by being yourself? Perhaps the change isn't who you are but what you are doing. Maybe it's your habits or a lack of hunger. The important thing is to separate yourself from the pack. But where does the mentality of a winner truly come from? On today's episode of The School of Greatness, I talk about being a bull in your profession and being a boss that everyone wants to work with, with one of the world’s leading businessmen in hospitality and sports: Tilman Fertitta. Tilman Joseph Fertitta is an accomplished businessman, entrepreneur, author, and television personality. He is the chairman, CEO, and sole owner of Fertitta Entertainment, one of the largest restaurant corporations in the U.S. He also owns the NBA’s Houston Rockets. Tilman teaches us that the things we want are within our grasp. We have to be the bull in the room and learn how to take what we want. So get ready to learn how to let go of fear on Episode 859. Some Questions I Ask: How do you keep a competitive edge? (7:15) What should you look at when you are acquiring a business? (16:40) How do you stay grounded? (28:20) What is your definition of greatness? (42:00) In This Episode You Will Learn: How to cultivate a culture that makes employees want to stay (10:30) Why you shouldn't get caught up in things that don't matter (15:50) Why you should always take advantage of a good deal (17:50) How Tilman has raised grounded children as a wealthy parent (25:00) Staying grounded and why TIlman thinks it’s important (28:20) Tilman’s best advice on how to borrow money for a business deal (30:35) Why you should relentlessly pursue your talents (39:29) If you enjoyed this episode, check out the video, show notes, and more at http://www.lewishowes.com/859 and follow at instagram.com/lewishowes
Chapters
Louis Howes interviews Tillman Fertitta, owner of the Houston Rockets and a world leader in the hospitality, entertainment, and gaming industries, about his journey from starting with one restaurant to building a multi-billion dollar empire.
00:00 - 01:44 (01:44)
Summary
Louis Howes interviews Tillman Fertitta, owner of the Houston Rockets and a world leader in the hospitality, entertainment, and gaming industries, about his journey from starting with one restaurant to building a multi-billion dollar empire. Fertitta shares his leadership philosophy and how he continues to treat everyone with respect.
Episode859 How to Build a Multi-Billion Dollar Empire with Tilman Fertitta
PodcastThe School of Greatness
In this interview, the guest explains how burnout is a mindset and that success and hard work are a personal choice.
01:44 - 06:22 (04:38)
Summary
In this interview, the guest explains how burnout is a mindset and that success and hard work are a personal choice. He also highlights that people tend to lose their competitive edge after a few years in the game.
Episode859 How to Build a Multi-Billion Dollar Empire with Tilman Fertitta
PodcastThe School of Greatness
The owner of the Houston Rockets, Tilman Fertitta, explains in this podcast how his positive attitude helped him acquire the team, and how he avoids negative cycles.
06:22 - 13:03 (06:41)
Summary
The owner of the Houston Rockets, Tilman Fertitta, explains in this podcast how his positive attitude helped him acquire the team, and how he avoids negative cycles.
Episode859 How to Build a Multi-Billion Dollar Empire with Tilman Fertitta
PodcastThe School of Greatness
Mark Cuban shares the importance of understanding what you're buying and not just relying on financial projections when acquiring a business.
13:03 - 15:38 (02:35)
Summary
Mark Cuban shares the importance of understanding what you're buying and not just relying on financial projections when acquiring a business. He emphasizes the need to identify the true value of the business beyond its financial performance.
Episode859 How to Build a Multi-Billion Dollar Empire with Tilman Fertitta
PodcastThe School of Greatness
The speaker shares his regret over negotiating too hard for a car collection years ago and how it has influenced his approach to building a media engine.
15:38 - 18:12 (02:34)
Summary
The speaker shares his regret over negotiating too hard for a car collection years ago and how it has influenced his approach to building a media engine. The engine will revolve around a popular word often used by athletes and redirect to the speaker's personal website for now.
Episode859 How to Build a Multi-Billion Dollar Empire with Tilman Fertitta
PodcastThe School of Greatness
The danger of getting a little success in a business and adopting a lifestyle that is more expensive than the business can sustain is discussed.
18:12 - 22:46 (04:34)
Summary
The danger of getting a little success in a business and adopting a lifestyle that is more expensive than the business can sustain is discussed. The host shares his experience of always reinvesting in his business instead of living a lavish lifestyle.
Episode859 How to Build a Multi-Billion Dollar Empire with Tilman Fertitta
PodcastThe School of Greatness
The speakers discuss the difficulties of raising kids who are not entitled when wealth is readily available and how some generational money families were unhappy with how their children behaved.
22:46 - 26:30 (03:43)
Summary
The speakers discuss the difficulties of raising kids who are not entitled when wealth is readily available and how some generational money families were unhappy with how their children behaved. They also discuss ways to keep themselves grounded despite accumulating wealth over the years.
Episode859 How to Build a Multi-Billion Dollar Empire with Tilman Fertitta
PodcastThe School of Greatness
Small business owners often make the mistake of presenting optimistic financial projections to banks when applying for loans.
26:30 - 31:10 (04:40)
Summary
Small business owners often make the mistake of presenting optimistic financial projections to banks when applying for loans. It's important to be realistic and include best and worst case scenarios.
Episode859 How to Build a Multi-Billion Dollar Empire with Tilman Fertitta
PodcastThe School of Greatness
The importance of having a supportive spouse in business and how it can impact success or failure.
31:10 - 34:34 (03:24)
Summary
The importance of having a supportive spouse in business and how it can impact success or failure.
Episode859 How to Build a Multi-Billion Dollar Empire with Tilman Fertitta
PodcastThe School of Greatness
A TV producer discusses the challenges of balancing a busy production schedule with personal commitments and interests, such as attending basketball games.
34:34 - 36:49 (02:15)
Summary
A TV producer discusses the challenges of balancing a busy production schedule with personal commitments and interests, such as attending basketball games.
Episode859 How to Build a Multi-Billion Dollar Empire with Tilman Fertitta
PodcastThe School of Greatness
Leaders should prioritize leaving behind lessons rather than just creating empires as most leaders with empires are not willing to listen to others.
36:49 - 39:19 (02:29)
Summary
Leaders should prioritize leaving behind lessons rather than just creating empires as most leaders with empires are not willing to listen to others.
Episode859 How to Build a Multi-Billion Dollar Empire with Tilman Fertitta
PodcastThe School of Greatness
The key to inspiring others and becoming a leader is to overcome the challenges and uncomfortable situations in your life.
39:19 - 42:56 (03:36)
Summary
The key to inspiring others and becoming a leader is to overcome the challenges and uncomfortable situations in your life. The speaker aims to bring experienced individuals from different walks of life to help listeners take their lives to the next level.