#QOTD, from Suzy Welch: In our book we make the case that the place you should be working is something we call your "area of destiny." It's the intersection of what you're uniquely good at and what you love to do. How many of you feel that you are currently working in your area of destiny?

#TIMESTAMPS
2:29 - How important is failure. You hear a bunch of people saying how important it is to fail. But is it really?
5:08 - Is terminating the bottom 10% still a good idea? Even on a team of all-stars, someone has to be last.
8:19 - As a business grows, what is best solution for documenting policy, procedure and process so all are on same page?
11:05 - What is the best way to scale a business with an inherently low profit margin?
13:58 - How can efficiency and creativity better work together?
17:33 - Jack and Suzy talk about their new book, "The Real-Life MBA".

#LINKS
Jack and Suzy Welch's "The Real-Life MBA" (all proceeds go to charity): http://www.amazon.com/The-Real-Life-M...
Jack Welch on Twitter: https://twitter.com/jack_welch
Suzy Welch on Twitter: https://twitter.com/SuzyWelch

How important is failure? The failure has to be quantified. If you fail and then can never get up from it again, that's not a good kind of failure. Failure and adversity are the two things I think about. For me, as an entrepreneur, all my failures along the way have been a lesson. I'm even thinking back to when I attended my first baseball card trade show. I bought a table at 13 for $400 and nobody showed up. That was a lesson. Those micro failures were super super important. But it also depends on your stomach. If you really go out of business, people can go one of two ways. Either they're just finished and they're never able to get off the mat, or they go in a different direction. So to me, quantifying the failure is important.


#AskGaryVee Episode 89: Jack & Suzy Welch Talk About Efficiency, Creativity, & Failure

Description:
#QOTD: How many dreams do you remember in the morning?

#TIMESTAMPS
2:20 - Stuck at DMV in NJ. Sucks here. What can they do to bring themselves into this decade? Online and off. So antiquated.
4:54 - I recently learned about Facebook dark posts. I know I'm a little late, but there is tons of info about dark posts on YouTube. There are also people selling dark post courses. Would you pay for a course or use all the free info on YouTube? Are dark posts really that complicated?
6:39 - Do you ever have dreams at night about your business?
8:04 - How can the communications manager (me) of a nonprofit on a heavy topic (human trafficking) make the depressing content dynamic?
9:57 - Would you be willing to sacrifice your ethics for a business win?

#LINKS
BASKETBALL WITH GV https://www.youtube.com/watch?v=70D_FSxgIgE

There is nothing the DMV can do to improve their situation. Let me explain why. Because they are run by the state. So, it's political. They won't fix it. The only way to fix DMVs is the privatize them and let entrepreneurs run them. They, for a change, will actually care about the customer. Employees will care, because they would have incentives. Maybe they would even put Starbucks or Dunkin Donuts inside of the DMVs, to make more money on the rent.

Basically, privatized DMVs would innovate. Care. Give a crap. All the things that government industries don't do because it is not in their best interest. The people that can't innovate and can't win in a competitive landscape default to having terrible careless services. 

I don't want to be a hardcore capitalist on this issue, though. But I really don't know. If you don't incentivize humans somehow to do the right thing, you can't win. AND...more and more, in a digital world, it's become easier to do that. There is no excuse any more. There are alternatives. 

#AskGaryVee Episode 95: Dreams, Ethics, & The DMV

Music made by: https://twitter.com/OxygenBeats
Check out his work: https://soundcloud.com/OxygenBeats

#QOTD: What are you feelings that the show ends today? 

#TIMESTAMPS
3:43 - How do I keep my old employees from hazing my new employees?
6:48 - How did you overcome your family relationship with AJ in order to work through a business problem?
10:48 - Are you the person behind the #TomShady billboard?
11:35 - How do you decide what and when to automate?
14:03 - How do I overcome the perception of being "too young" when I'm pitching potential clients?
19:20 - Do you have any advice on how to give my first on-stage presentation?
22:03 - Where do you see the sharing economy going over the next few years?
24:55 - What should I focus on with the companies that I invest in?
26:44 - Would you like to try my product?
28:54 - How much of your staff's time is spent on you as opposed to other projects?
31:25 - How do you decide what to work on, and what's the opportunity cost to doing it?
35:15 - How would you apply your methods and teachings to the financial industry?
39:32 - What's your definition of productivity, and how do you manage to be so productive day after day?
43:45 - How should I go about making content for my packaged food company? Which platforms should I use?
47:27 - Where do you see the biggest opportunities in the wine&spirits sector (specifically vodka)?
50:09 - What is a fundamental skill that you see a lot of entry-level marketers lacking?
52:40 - I'm having a hard time professionally training my son, how do you balance the family aspect with the need to be hard on someone?

#AskGaryVee Episode 100: The Live Show [UNCENSORED]

#QOTD: Have you ever done jury duty? If so, tell me your story.

#TIMESTAMPS
1:30 - If your kids wanted to join the family business, would you start them at the bottom?
3:51 - Do you work on your birthday?
4:49 - How do you handle people missing deadlines they set?
6:09 - What are your thoughts on 3D printing technology and the potential to integrate it with social media?
7:55 - Are you ever scared before you do something BIG? Anything at all? It doesn't even have to be business related.

#LINKS
LISTEN TO THE PODCAST https://itunes.apple.com/us/podcast/the-askgaryvee-show/id928159684?mt=2
MY NEWEST MEDIUM https://medium.com/@garyvee/what-social-media-experts-are-doing-wrong-55805fe7867b
MY NEWEST KEYNOTE https://www.youtube.com/watch?v=Rpi9PBr1hA0

#‎AskGaryVee‬ Episode 114: Meeting Deadlines in the Workplace

#QOTD: What are your 4th of July plans? Tell me in detail.

#TIMESTAMPS
1:39 - As a rookie, how much should I allocate to Facebook Dark Posts for a Teespring Campaign? 
2:50 - How do you "diplomatically" tell the boss that he's fucking it up?
4:20 - Abrasive vs. compassionate,:which do you prefer when getting a point understood to meet goals, and why?
6:24 - How do you think people will consume news in the future and how can small publishers like ourselves monetize on our content if it is consumed on a native platform?
9:26 - What advice would you give someone like me who has a hard time getting out there and networking? How can we still grow our business?

#LINKS
NEWEST VIDEO: TAKE ACTION https://www.youtube.com/watch?v=-oc_w...
MY ARTICLE ON SNAPCHAT'S UPDATE https://www.garyvaynerchuk.com/snapch...

#AskGaryVee Episode 115: What's More Important, Being Compassionate or Being Abrasive?

Last week at a Charlotte Vistage seminar a colleague of mine told us a story of a family business transition that was potentially explosive. The founder bequeathed a family business to his son and daughter, who became equal shareholders. The founder’s son took over running the business while his daughter stayed out of the company and continued her career. In a few years, the business was doubled in size and tripled its profits. When the founder got sick, my friend got into an uncomfortable position. He wanted to buy out his sister before their father would die.

Listen to today’s episode to find out what happened to this family and how certain entrepreneurs handle family transitions.


Your succession is success.

068 - Explosive Family Transition

ProfServ Traction

Related tracks