#45 Built From Scratch: How A Couple of Regular Guys Grew The Home Depot from Nothing to $30 Billion
Founders5 Marras 2018

#45 Built From Scratch: How A Couple of Regular Guys Grew The Home Depot from Nothing to $30 Billion

What I learned from reading Built From Scratch: How A Couple of Regular Guys Grew The Home Depot from Nothing to $30 Billion by Bernie Marcus and Arthur Blank. --- The creation of The Home Depot began with two words: "You're fired!" [0:01] Blinders on focus on the customer [5:45] Learning how not to manage people from Ming the Merciless [8:37] Meeting Ken Langone / the prehistory of Home Depot [11:00] 81% private / 19% public partnerships [18:40] Ken sells to Ming. Predicts Ming will fire Bernie [28:30] Getting fired was the best thing that ever happened [35:00] Bernie Marcus at 49 years old: little cash and a ruined reputation [38:15] How Bernie Marcus walks away from Ross Perot [38:50] The importance of equity [49:19] Do not work with people who don't know how to care about other people [51:00] How they got the money to open The Home Depot [55:30] The critical importance of selling at the right price [58:32] Knowing the right way to do something by seeing it done the wrong way [1:08:54] Mistakes can teach us we're never as smart as we think we are [1:11:25] ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ---- “I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast

Jaksot(440)

#398 Steve Jobs In His Own Words (Make Something Wonderful)

#398 Steve Jobs In His Own Words (Make Something Wonderful)

A curated collection of Steve’s speeches, interviews, and correspondence, Make Something Wonderful offers a window into how one of the world’s most creative entrepreneurs approached his life and work....

14 Elo 20252h 1min

#397 Jiro Ono: Simplicity Is The Ultimate Advantage

#397 Jiro Ono: Simplicity Is The Ultimate Advantage

Jiro Ono is the greatest living sushi chef. He was kicked out his house when he was 9. He started working in a restaurant so he wouldn't have to sleep under a bridge. He never stopped. Over his 75 ye...

4 Elo 202541min

#396 The Obsession of Enzo Ferrari

#396 The Obsession of Enzo Ferrari

I've read hundreds of thousands of words about Enzo Ferrari. For this episode I distilled down his most important ideas into 1 hour. Ferrari was truly one of history's greatest obsessives. Episode sp...

30 Heinä 202557min

#395 How Geniuses and Speed Freaks Reengineered F1 into the World's Fastest-Growing Sport

#395 How Geniuses and Speed Freaks Reengineered F1 into the World's Fastest-Growing Sport

Those on the margins often come to control the center. That maxim ties together the three remarkable people profiled in this episode: Colin Chapman, known as “the mad scientist of F1”, did more to in...

22 Heinä 20251h 4min

#394 An Orphan Who Built An Empire: Leonardo Del Vecchio and The Founding of Luxottica

#394 An Orphan Who Built An Empire: Leonardo Del Vecchio and The Founding of Luxottica

Your dad dies before you’re born. Your mom can’t afford to take care of you. You grow up without a family and in an institution. You learn a trade and start working full time at the age of 14. You wor...

13 Heinä 20251h 7min

#393 The Marketing Genius of the Michelin Brothers

#393 The Marketing Genius of the Michelin Brothers

Your family asks you to take over a failing factory in a remote part of France. This “family business” comes with a stack of unpaid bills, a small team of workers who haven’t been paid in months, and ...

3 Heinä 202554min

#392 Michele Ferrero and His $40 Billion Privately Owned Chocolate Empire

#392 Michele Ferrero and His $40 Billion Privately Owned Chocolate Empire

You take over the family pastry shop and transform it into one of the most valuable privately held businesses in the world. Your father dies young. Your uncle does too. Everyone is relying on you and ...

23 Kesä 202554min

#391 Jimmy Iovine

#391 Jimmy Iovine

You grow up in a rough neighborhood in Brooklyn. You drop out of college. Your dad is your best friend but you don’t want to work the docks like him. You’re determined to “do something special.” You g...

13 Kesä 202557min

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