WEBVTT
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They're not going to get this unless they're shoved into it.
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And that is the heart, that is the fucking heart of entrepreneurship being shoved into it.
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But there's that way where you can actually, as a consultative, passionate person about what it is that you do, you can find a way to sort of be that trusted advisor.
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It's the reps you know, and the more things you do, the more you'll be able to start to filter those out.
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What's worthwhile what's not.
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I have the thing that I built and I'm going to this like event with vcs, because you know speed beats perfect planning every time.
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Hello sir, what's shaking kyle?
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How you doing?
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How you doing good, good, good to see you I'm good.
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I'm good, amazing, same same.
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How's your friday?
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My friday is great, man.
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It's a.
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It's a badass day so far good, amazing.
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Well, I love just like, by the way, just jumping into stuff.
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I I don't know, I've always, I've always sort of not liked the um care, are you ready, are we ready?
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I'm gonna push it in just a minute and then we're going to, and then we're going to go.
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Hey, you know what I mean.
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So, like we're, we're in it.
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We're in it.
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Let's talk about that.
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I'll save a story for that.
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Oh, I thought we'd record it.
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It's great, it might be great content.
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That's awesome.
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No, I, I guessed it on a show, cause I mean, I I take a lot of guests on my show too, right, but then I guessed it on a show.
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And to your point about you know, like let's just go, I've been doing that a lot, you know rather than just being like hey, how's it going, or whatever, like us it's like we're just jumping right into it and that's where we start the conversations.
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It's awesome, it's so natural too.
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By the way, literally the first second for sure, brother, for sure.
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I don't remember the, the name.
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It was a very sweet woman, yeah, and I kept.
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She's like okay, well, let's, let's go through the questions.
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I'm like cool, so we're recording.
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She's like no, we're gonna do the, the pre-interview, and then we're gonna record the show, like what the fuck?
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that becomes a great show where you just put the pre-interview in and then you're like, all right, now let's try that again, put the pre-interview in, and then you're like, all right, now let's try that again.
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The pre-interview I probably said 87 times you know that's an exaggeration but no less than a dozen times, Realistically, it's like, yeah, I think we're ready, let's just go into it.
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See, this is great content.
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You know like, well, you might be able to do that, but I can't.
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I didn't know where this is gonna go and what, you know every step, and where it's gonna end.
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I'm like nope, okay, we're just having a conversation.
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I'm not exactly yep, everyone like are you ready, you ready, you ready.
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That was an hour and a half bro rick, you know what?
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let's go ahead.
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Are you ready for the?
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you're right, we'll do it, yeah, yeah, let's do it yeah okay, here we go.
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Three, two, one rick.
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So good to see you good to see you too.
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It's like we haven't been talking for five minutes exactly well, literally this is the first time we're getting to like see, see each other.
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So my nice to physically uh meet you, not just voice.
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So, yeah, right on, brother, I've been been looking forward to this.
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Um, hey, man, uh, you know, it's interesting when I go back and I look at what you've done, what you do, um, you're a, you're, I'm, I'm thinking I was gonna say enterprise, but I want to say ecosystem is like, yeah, I mean it could be that way, yeah you're an ecosystem, um, and so I'm super interested to hear, like you know you've got now, if you're all the way up, you know a little bit if you'd like, you know if you're, if you're good to share sort of.
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you know a little bit of sort of growing up and what got you to the place where you sort of, whether you came through traditional career job nine to five or not, and then when that sort of when that entrepreneurial sort of switch, flipped.
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Yeah, you got it, man.
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I was reading the other day I think it was in the Wall Street Journal, which, by the way, is still like my favorite publication ever.
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I felt super intelligent and intellectual when I would stay at places, you know, for conferences, and they were held with these five stars and they drop off the physical paper.
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You know I'm talking like 15, 20 years ago In the lobby or in a very sort of like visual place in a nice hotel with a fresh cup of coffee and a crisp Wall Street Journal.
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You got it, dude, and I will be half reading and also half looking around to see who's looking at me.
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That's awesome.
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Yes.
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I just felt so great I mean, I think it was a Waldorf, you know when I first got it delivered to my door, I was like oh, that's kind of nice.
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What do I need to do now and then?
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That was the same.
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I think I need to go to the lobby, put some slippers on and then go to the lobby.
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I was probably like 24, 25 years old, something like that.
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I'm like I'm going to be smart today.
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Let's go into the yeah, but the.
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The article I was reading because I have a subscription, now totally digital and the article I was reading was about degrees and this relates to your question about growing up and going into the entrepreneurial journey and the foundations beyond that and it was about college degrees this article on how things have totally shifted generation, as it's so-called, but you could go to school, you could get a degree, and this was so well laid out.
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That's why I liked the journal man, because it, for the most part, it's completely unbiased, absolutely no, no real political leaning whatsoever.
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It's just let's just take a real honest look at.
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It's some kind of topic and they were looking back and there were things that I didn't even know or grasp the concepts of and I gras things pretty quickly.
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It's like today there's degrees and there's a lot of vocations, like entrepreneurialism and all that, that don't require anything, and I still think that the only place really for degrees today is having to do with things that you would absolutely like.
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Surgeon, right, I had a major surgery nine years ago, saved my life, you know, gangrenous gallbladder, all that.
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I'm so grateful that my doctor my surgeon had an education, so there are places with such complexity and the density of by which you will learn the best is going to be in those places of higher education.
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I think what's interesting is that is things like business administration, you know, or marketing or advertising or the other things that have sort of disintermediated in lots of different ways, though it's different no doubt, especially tech, which is a feel I'm in, I mean even as you look.
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Bring it to today, to ai.
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It was about a decade ago.
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I was sitting on an advisory board or a vocational school around chicago that I don't think exists anymore.
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It was itt tech, you know, and I remember yeah totally yeah, I mean they were big, they were really really big and I was so flustered as they were talking about curriculum.
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You know, with me and the advisory board, like you guys are moving too slow.
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I'm like I'm in the field right now by the time anyone even completes the two year program.
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It's completely outdated, yeah, so, so it has to be In 2001,.
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Try and go to college and learn wireframing exactly yep right on.
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So, looking back and the perspective on this as it was explaining, the thing that kind of blew my mind was that back then, you know, 30, 40 years ago, the whole thing about going to college was so you could come out of it and make an income that was higher than the majority of people in america.
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Right, there was a big gap between income levels between those who had a college degree and those who did not, you know, and that was a big gap between income levels between those who had a college degree and those who did not, and that was a true distinction between what the old school white collar, blue collar was.
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And with that I pondered on that a bit.
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I'm like that makes more sense.
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Like, especially in my field, right, in cyber security and tech, if I see somebody with the degree and I see they have zero experience, you know, and they're expecting a 120 000 job, like it was 34 years ago it's like no, no the application you're coming in here with with totally green.
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You have some theory that's about it and, by the way, the theory that a lot of people teach that you started again two years ago if it's a vocational program, or four years ago in a in a normal university.
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That's outdated, man, you know, because you've had no way to apply it totally, and I, I had, I had someone, I one of my first, uh, let's say my second, job.
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I set up the um interactive division.
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I missed that word, interactive we don't use a great word.
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Yeah, I know I don't miss the word vision at like a uh, at a, at an, am at an agency and I was hiring one of my first pms and, um, they had come from a prestigious school and had two masters and was telling me all about the curriculum and the masters and all these sort of things and wanted you know and was was asking for a pretty decent salary and advertised in 2005 or six.
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But I just said, like what you, what you said, sounds great.
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I was like you have not.
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Have you met with kellogg's?
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Have you taken a project for sprint through to completion?
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Like yeah, have you dealt with how hard it is to deal with xyz type client like you know, and expectations and process it like you can take all those books and throw them out the window.
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Most all of this, especially from a project management perspective, is around experience and gut and and people.
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Um, you know it's the number of times that I've led projects for Google and Spotify and the number of times I've used Scrum like actually used Scrum almost zero.
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You get that Bingo.
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You know what I mean.
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And so I think it's one of those things that we have come away from the resume, you know, and while the resume has changed, right now it's like two years is fine, it used to be like two years, you're just a job hopper, and then now that's also.
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You know, just show me that you can do it, or show me who you have done XYZ for, and then let's go try it together.
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Just, I love how it's.
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Everything is sort of atomizing into and for sure it's all experiential.
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Now, right on my man, yeah, totally.
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This will lead me into directly answering your question.
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But my daughter, freaking brilliant, right, she's been on this trek to head to Broadway musical theater for five years.
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She's 17 now and my two other kids are also heavily involved in musical theater.
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You just auditioned for AMDA, one of the most prestigious musical theater colleges in New York, right, and I went into this a little skeptical, you know, cause.
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I'm like wait, you're going to, you're going to go to school for this, because she wants to.
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She, she was talking about NYU as well.
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You know, maybe Juilliard, you know some of the more prestigious places, just like AMDA out there.
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And I'm like but why can't we just like get you an agent?
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You know, that was my thought, you know, because I mean, you've got the talent, you've got the ability.
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You know there's no doubting that.
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You know you're getting leads all over the place in private companies, that's, private theater companies around Chicago, which is the second city.
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Right, you know, there's none other better for musical theater than New York or Chicago.
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And seeing her abilities and she's like no, I want to do this because I still want to learn some more, I'm like, well, that's great.
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So, okay, let's go audition.
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And then, as I'm sitting there, they're starting to talk about this.
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They're like well, here's our program, you know, it's two years long for musical theater in New York.
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Then you can go to LA if you want to, but that's more so for film, but for you, for musical theater, our first three semesters, you know.
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So we're only talking a year and a half, right?
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Our first three semesters are traditional.
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You're at school during the day, right, and then you've got your nights free, you know, to do homework, whatever work, all of that, they said.
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But the last semester, the last semester, that's reversed.
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So you are going on auditions during the day.
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Five to twenty auditions per week.
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Nice, and their entire faculty is a working faculty.
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So they're in the industry, working in new york in musical theater and broadway productions.
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They said, you go to auditions during the day, then you go to class at night and you talk about your auditions, like that's it, I'm sold, I'm totally sold.
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That's application.
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Yeah, I love it.
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And you know, there's a woman that I saw recently who was starting a school that is using AI to teach the fundamentals and has had some amazing progress with the fact that basically, you've got the kids learning, uh, using ai coaches on ipads and and um, and it's two hours a day learning the fundamentals like reading and math and those sort of things, and the rest of the time is like doing projects and making stuff and like now I'm looking at and and the kids are scoring so much higher and they're doing really well because you're not wasting.
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But I feel like six hours a day just sort of slowly going through chapter by chapter and then saying stuff and repeating it back.
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Anyways, education, that's one that I can't wait until it sort of gets completely rewritten and I'm no joke, I'm with you, let's go through.
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Yeah, so what was your?
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So back to you, like what was your?
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What was your story?
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I'll circle this back to radio shack, when I was there and I you know, I just recognize this this year too, because it was uh dude, I know same.
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You know it was great.
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I love the there.
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I've always been into tech, but I always liked what tech could do rather than the tech itself, like the outcome that it would provide.
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And so when I was, I went from working at McDonald's to Radio Shack and I quickly moved to an assistant manager.
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And so, because I do M&A, I've got a public cybersecurity company.
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You know, I'm reading financial statements all day long, you know, with quarterly filings, annual filings, all that, and everyone's like how do you know all this stuff?
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Yeah, and I'm like, well, I've just been in a long time, but I traced it back to this just this year.
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I'm like, holy hell, that job really set me up, because their assistant manager program wasn't really just to give the manager a helping hand at the stores.
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Their assistant manager program the only reason it existed was to be able to groom you into being a manager, a store manager.
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So when I was an assistant, I was in managerial training classes where they taught me how to read P&Ls and balance sheets and work on profitability of the stores.
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Look at inventory levels, look at wage levels, labor dollars as a percentage of the total revenue of those stores, to keep things in line Because when you got promoted to a store manager're you had a base salary but then your only incentive, the only bonus, only commission that you got.
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Because as a salesperson you got a shit ton of commission.
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You know, I made 30 grand as a 17 year old during a december selling cell phones.
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I sold 300 cell phones and a 30 000 commission.
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Check a radio shack oh my gosh awesome.
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But as a manager you don't get that.
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As a manager, your only incentive slash, bonus and, if you want to call it a commission was based off of store profitability.
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That's it.
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That is it.
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You got a percentage of the store profitability.
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So of course, they invested in you and taught you how to read all these things and trained you on the job Literally things.
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And trained you on the job Literally.
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You would go and sit in class where they would walk through this stuff.
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They went through other things like different leadership tactics and all of that people, things but the financial side of it, the thing that actually made the company a success and you a success in managing that store, it was here you go as an assistant.
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We're training you Now go back to your store and work on this with the manager at that store.
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And it was just this back and forth, this ping pong of in a seat in front of a desk, then back to applying it literally the next day.
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Yeah, and that's how.
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Ever since then it's like that's been my life man.
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You know, even moving into a geek squad is the first geek squad agent in Chicago then writing the sales playbook for best buy for business, you know which then they eliminated that division.
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That's when I started, really kind of on my own, but I always had this thing.
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I was always trying to spin some stuff up.
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You know things that I always wanted recurring revenue, bro.
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Seriously, you know, even though I absolutely love and I still love it, you know we sign the big deals and we get funded up front for some things on this.
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It's like great, we just landed a million dollar deal, you know.
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Or like one of my sales people yesterday, you know, just closed a 250 000 deal, amazing, and it's like it's a it's it is amazing.
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You love those huge rushes.
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But then I take a look back at trying to manage and scale the business.
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I'm like I love recurring revenue because it's exactly what you can fall back to, even though growth, just like daily or weekly you go.
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Oh, that's all right, great, yeah, right on exactly, but now I'm trying to shift it a little bit too.
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It's like well, recurring revenue.
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What if we can make the big deals recurring you know to where, even though they might be one-time sales?
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But how do you fill the pipeline to that perspective, to where it's like clockwork every week, every two days, every day, to where this continues to come back, and I think I think some industries have very much figured that out, especially things like the gaming industry you know it's incredible because I mean they're buying tokens, whether it's on microsoft or you know, minecraft currency or whatever it is every single day to continue to advance the game.
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And that's not recurring revenue, dude.
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But you can still look at it as that because you can still forecast that depending on other metrics.
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But but Radio Shack, all the way, it taught me that stuff and sales, I always say, was taught at McDonald's and you want fries at that.
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The upsell.
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That's so funny when I have such similar.
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I started the day I turned 15.
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I started at Chick-fil-A.
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The owner lived down the street from me and I came in.
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I got my uniform.
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It was all crisp.
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It was kind of like it's got like all the seams on it.
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It's real stiff, but like I'm feeling pretty good.
00:16:51.871 --> 00:16:56.049
And they taught me the register and within about an hour I was like cool.
00:16:56.049 --> 00:16:57.639
I was like can I do drive through?
00:16:57.639 --> 00:17:07.005
And they were like well, I can you do some front, like some front count, like get, just do the front counter for a couple months and sort of get used to it.
00:17:07.025 --> 00:17:12.065
And I was like, yeah, I don't know, I got the, I got the, the register thing, but the headset, like that, looks cool.
00:17:12.065 --> 00:17:14.872
And they were like, just okay, okay, I want that look.
00:17:14.872 --> 00:17:20.623
And like later on, later on that day that the, the drive-thru person was like, oh my gosh, I just like I'm so done with this.
00:17:20.623 --> 00:17:21.443
I was like I'll take it.
00:17:21.443 --> 00:17:26.663
And so later that day, the, the manager, comes up and I'm like, yep, that sounds good.
00:17:26.663 --> 00:17:41.166
I was like I got the times down and I'm like I'm just like getting it and um, and I did that for a year and around late 16, early 17, um, the owner of the store quit and I was the only one that really knew how to do everything.
00:17:41.166 --> 00:17:44.729
And so I was like I don't know if it was legal, but like I was like hiring and I'm like, no, you go home, you get out.
00:17:44.729 --> 00:17:47.806
So I was like I don't know if it was legal, but like I was like hiring and I'm like, no, you go home, you get out.
00:17:47.846 --> 00:17:54.808
Here I was like while you were wearing the headset right like this is my source of power right here, yeah, but it was so different.
00:17:54.848 --> 00:18:00.952
I think I and that's the way I learned too is I couldn't, you couldn't have, you couldn't have done like pnl for me in a book.
00:18:00.952 --> 00:18:17.788
And I reply back, I do it back on a test the real life, gray, squishy, fungible, like you know, of a store, of a living breathing organism, of the employees that some are, some are not great and some one's a troublemaker, and I mean all those things.
00:18:17.788 --> 00:18:22.625
It's so different in the real world and that's what like for me.
00:18:22.625 --> 00:18:25.030
I really want to teach my boys is.
00:18:25.332 --> 00:18:26.441
I was talking to my son the other day.
00:18:26.441 --> 00:18:30.872
I was like, um, uh, he was asking me about money and jobs and those sort of things.
00:18:30.872 --> 00:18:35.580
I was like, oh no, you could, we can, we can get you a business and you can incorporate and you can have your business.
00:18:35.580 --> 00:18:38.128
What do you want to do and like?
00:18:38.128 --> 00:18:46.662
And the more we have this conversation and his mind expands, you do not need to wait until you're 18, until you're you got out of school and whatever.
00:18:46.662 --> 00:18:51.474
Like literally just go, let's go set up william llc right now.
00:18:51.474 --> 00:18:53.420
And he's, and he starts going.
00:18:53.740 --> 00:18:54.602
You know what I could do?
00:18:54.602 --> 00:18:59.512
I could like I could put the legos that I don't use anymore.
00:18:59.512 --> 00:19:00.013
What if I?
00:19:00.013 --> 00:19:03.905
What if I gave them to kids that don't have legos and maybe they want to buy them.
00:19:03.905 --> 00:19:07.550
Like, and you start seeing those wheels turning and you're like great buddy.
00:19:07.550 --> 00:19:18.371
I want you to have 20 of those that have either made it or have not made it by the time you get to 18, and then that is has been your education right on dude, I absolutely love that.
00:19:18.471 --> 00:19:20.941
It's the same reason I bring my kids around with what I'm doing every day.
00:19:20.941 --> 00:19:24.606
You know, like, like on my show, my son has been editing the podcast.
00:19:24.606 --> 00:19:29.214
You know, it's a top 2% global show, you know, and he's been editing it for three years in Adobe.
00:19:29.214 --> 00:19:39.661
You know, I started, of course, with a professional outside editors, branding agency and all that, but then it was like COVID hit and I was like, well, I'm not going to be traveling to Seattle anymore.
00:19:39.661 --> 00:19:42.930
I was literally there, like at the epicenter, when it all went down.
00:19:42.930 --> 00:19:44.251
You know, I there, like at the epicenter, when it all went down.
00:19:44.251 --> 00:19:45.652
You know, I was like, okay, we need to hurry up with our filming today.
00:19:45.652 --> 00:19:49.134
This was, you know, in 2020, because I don't know if I'm gonna get a flight out.
00:19:49.134 --> 00:19:57.067
Yeah, it was shutting down, you know it was so weird man, but but yeah, ever since then, I mean, he's been editing the show, learning how to do it, but it's throwing it.
00:19:57.067 --> 00:20:03.369
And so now he's thinking it's like, well, maybe I want to be a film producer and maybe I want to be a director, and and it's like, cool, how about I go make a movie?
00:20:03.369 --> 00:20:05.314
I'll go make a documentary about the lockdown.
00:20:05.314 --> 00:20:06.282
You know, and he came with.
00:20:06.282 --> 00:20:07.708
You know, that's amazing.
00:20:08.320 --> 00:20:12.372
You know, downtown San Francisco it's like zombie apocalypse no humans, no cars.