Founders5 Nov 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

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Episoder(464)

#439 How Eiichiro Oda Works

Eiichiro Oda is a relentlessly obsessive creative genius who has devoted nearly every waking hour of his adult life to building one of the most extraordinary fictional universes ever imagined. Mad...

4 Nov 32min

#438 James Garfield's Extraordinary Rise

What I learned from reading Destiny of the Republic: A Tale of Madness, Medicine and the Murder of a President by Candice Millard Made possible by: Ramp: ⁠https://ramp.com AppLovin: ⁠https://ap...

26 Okt 38min

#437 The Tycoons: Carnegie, Rockefeller, Gould & Morgan

What I learned from reading The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy by Charles R. Morris. Made possible by: Ramp: ⁠https...

13 Okt 54min

#436 Ari Emanuel's Autobiography

What I learned from reading Ari Emanuel's incredible autobiography Roll The Calls. Made possible by: Ramp: ⁠https://ramp.com⁠ Applovin: ⁠https://applovin.com⁠ Vanta: h⁠ttps://vanta.com/founder...

5 Okt 1h 9min

#435 Mark Zuckerberg's Empire

What I learned from reading Mark: A journey to the heart of history's largest nonterritorial empire by Jeremy Stern. Made possible by: Ramp: ⁠https://ramp.com⁠ Applovin: ⁠https://applovin.com⁠ ...

28 Sep 41min

#434 Sam Walton

What I learned from reading Sam Walton: The Inside Story of America's Richest Man by Vance Trimble. Made possible by: Ramp: https://ramp.com Applovin: https://applovin.com Vanta: https://vanta...

21 Sep 49min

#433 How Michael Bloomberg Works

What I learned from reading Bloomberg by Michael Bloomberg. Made possible by: Ramp: ⁠⁠⁠https://ramp.com⁠⁠⁠ AppLovin: ⁠⁠⁠https://www.applovin.com⁠ Vanta: ⁠⁠⁠https://vanta.com/founders⁠ Sage: ⁠htt...

14 Sep 48min

#432 The Mind of Napoleon

What I learned from reading The Mind of Napoleon by Napoleon. Made possible by: Ramp: ⁠⁠https://ramp.com⁠⁠ AppLovin: ⁠⁠https://www.applovin.com Vanta: ⁠⁠https://vanta.com/founders Sage: https://...

5 Sep 55min