I'm rewatching this 4 years later and I'm astounded about how much of this man's way of thinking I have applied to my daily life without even remembering I did. Just because it did so much sense. Even single phrases like "remove every potential point of failure you can". It's just a small lesson he gives while giving other lessons, and that has become a big think in my life in recent years. It is amazing how high the level is here.
Check out the video and let me know what you think here in the comments? Do you like this style of video where I give you a snippet of my mastermind events? Let me know..
Thanks for the share Sam! Great video all around and I love Made In America- I’ve actually got it on audiobook and enjoy re-listening to it every couple months when I workout. 👍
Love this. One of the best videos on operations that I’ve ever watched... gave me so much clarity and extremely timely to where I’m at at the moment. Thanks Sam
I would put it more like this: The entrepreneur makes it up. The manager and the systems make it reliably recur. The staff makes it real. The managers are just making the staff follow the systems to make it happen again and again. The staff are the people who actually do the work. They trade time for money to make the entrepreneur's dream come true.
Sam, i'm not gonna lie, when I first started seeing your ads on YT, I thought jeez what a snake oil sales man, but you changed my everything I that I once thought about you. Love your content, keep it coming. Thank you so much bud.
Sam I love the way you talk about the reality of business. You discuss the grind and not just the fancy pancy stuff about lambos and Ferraris. Keep doing what you do. You truly are a BUSINESS CONSULTANT and the best there is!
The only thing I would disagree with in this talk is the "making everyone an owner". Vesting has to be pretty spot on for that to work as a lot of people start lazying off when they get a secure percentage of a growing company. A better way in my opinion would be to split (or double if you can) the commission % to outright payment and accumulation with a delayed withdrawal, so the money accumulates and makes the employee less likely to want to leave as he'd forfeit the accumulated money. Never give away your company. I learned the latter from Felix Dennis. I recommend his book "The Narrow road" to anyone.
8:00 actually Walmart is doing pretty well online and are only expanding. Not to say they are Amazon but they have greatly expanded in the last 3-5 years.
Great video and insights, thanks. I think the killer videos were the ones you did at start of channel where you deep dived on topics, where one of your staff members interviewed you. The reason is because for like FB live chat records and these live event snippets which are great they are very operational focussed and reactive to what you are being asked. Whereas the ones where you went really deep on a more non-customer focussed questions and more your view of the world, business, judgement, seeing the code in the matrix so to speak, I think were top notch. I forwarded them to friends I've got in other industries like the music industry, they were like this is badass, then made people at the record label on their team watch them, as they are universally applicable and I think one of them getting your program.
i will be honest, i have been skeptical of sam, this provided a lot of value for me. I appreciate you sam, no BS true helpful info. A lot of this info people charge for, its not a clear cut path for any business but this give a frame work and a high level overview.
00:00 To reach eight figures, one must transition from a promoter to an operator. 06:05 Sam Walton's success was due to his efficient operations and promotions. 10:53 Constantly monitor cash flow and expenses 17:21 Hiring a manager is important, but the best person on your team should become the manager. 22:02 Effective management is key to business success 27:46 Knowing when to hire is crucial 32:54 Good management is crucial for business success 01:04 Hire for potential and incentivize with stock options to make employees think and act like owners.
Thanks Sam, I appreciate your video and not stuck on videos, but more so playing them while doing other things and making notes in between accomplishing small tasks. :)
LOL. I can't wait to watch this whole video and implement it, but as an American I laughed pretty hard at "FUCK that 's"" comment about Arkansas Key Takeaways: Hire when you're spending too much time/pain in a role. Hire for potential, give them 6 months to get good. Fire them if they suck, otherwise trust them (look at KPM). Make everyone an owner with stock options to win long-term.
I really like your style of management and doing business maybe because I have a very similar mindset to yourself. Thanks for great video sharing and hope one day I can be a well-known consultant in Germany and the world.
1:49 no offense but the guy took his phone off just because he was insecure facing the people and camera. I probably did it myself maybe unconsciously. That's crazy how insecure we can be...
5:35. Arkansas is a native american word of im not sure what tribe. There has to be some reason it's pronounced the way it is according to the originating tribe.
@24:49 this is a common though process, trust is big issue. This where systems are so important and hiring the right people for the right spots. Hiring is a whole other ball of wax.
Obviously any person with little bit of attention to reality of the game. Can see that you got to set strong infostructure before you can promote shit. That's just how good business is done.
No problem these guys have no experience in firing or finding the right people to trust. I can relate to hiring anyone to fill a gap and fire lightly later
@@ghostup101 Keep wasting your money and time on snake oil salesmen hoping one day you too can become a snake oil producer and seller in order to exploit people. The emptiness of your life, mind, and soul could obviously not be filled any other way.
always great value but i cannot stand watching sam pick his freaking chin anymore in all his videos! i literally have decided to stop watching him now, its just too damn distracting and gross tbh lol
This dude again? We need new software that can block such content. Everyone is offering magic courses for 500 dollars and changing life courses for 3 easy steps. So easy :D
