#107 Sol Price (Costco)
Founders20 Jan 2020

#107 Sol Price (Costco)

What I learned from reading Sol Price: Retail Revolutionary & Social Innovator by Robert E. Price. ---- What was it about this man that engendered so much admiration and respect? [0:01] Sol Price’s early life [4:39] Sol Price was a misfit / “If you want to understand the entrepreneur, study the juvenile delinquent. The delinquent is saying with his actions, "This sucks. I'm going to do my own thing.” [5:40] Learning to love being productive / Sol Price on the importance of time / DO IT NOW! [12:20] The beginning of FedMart [16:00] Sol Price learned from other founders [21:25] Sol Price’s business philosophy [28:50] What happened when Sol opens a pharmacy in FedMart / A creative solution to being cut off by gasoline suppliers [36:25] Sol Price’s idea on teaching and “alter egos” / “You train an animal. You teach a person.” —Sol Price [39:13] The intelligent loss of sales [42:00] The idea for Price Club [52:37] What Sol Price meant to his son [1:05:28] ---- 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(458)

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#433 How Michael Bloomberg Works

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#432 The Mind of Napoleon

#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://...

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#431 How Henry Singleton Worked

#431 How Henry Singleton Worked

What I learned from reading Distant Force: A Memoir of the Teledyne Corporation and The Man Who Created It by George Roberts and The Outsiders by William Thorndike. Made possible by: Ramp: ⁠⁠...

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#430 How to Write Ads That Sell

#430 How to Write Ads That Sell

Claude Hopkins was the greatest copywriter of all time. His ideas were so valuable that when he wrote them down in a book the founder of his advertising firm locked the manuscript in a safe for 20 yea...

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#429 Bob Dylan's Autobiography

#429 Bob Dylan's Autobiography

What I learned from rereading Bob Dylan's autobiography. Made possible by: Ramp: ⁠⁠https://ramp.com⁠⁠ Applovin: ⁠⁠https://www.applovin.com Vanta: ⁠⁠https://vanta.com/founders

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#428 How Claude Shannon Worked

#428 How Claude Shannon Worked

Claude Shannon changed your life and you probably don't even know it. Claude is the father of information theory. He transformed information into bits and created the intellectual foundation for compu...

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#427 How Raymond Plank Built a $50 Billion Oil Company

#427 How Raymond Plank Built a $50 Billion Oil Company

Raymond Plank founded Apache Corporation with just $250,000 in 1954. 50 years later his company was worth $50 billion. This episode examines the life and entrepreneurial philosophy of Raymond Plank ...

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#426 How Obsession Built Christopher Nolan

#426 How Obsession Built Christopher Nolan

Obsession is the engine of Nolan’s career. This episode examines Christopher Nolan’s life, working methods, and philosophy through The Nolan Variations by Tom Shone. Made possible by: Ramp: ⁠⁠⁠http...

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