The Best of Right About Now: World class Business Advice for Entrepreneurs

Summary

Podcast Summary:

The Best of Right About Now: World-Class Business Advice for Entrepreneurs

Podcast Information:

• Title: Right About Now with Ryan Alford
• Host/Author: The Radcast Network
• Episode: The Best of Right About Now: World-Class Business Advice for Entrepreneurs
• Release Date: March 25, 2025

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Introduction

In this standout episode of Right About Now with Ryan Alford, listeners are treated to a rich tapestry of insights from some of the sharpest minds in business and marketing. Hosted by Ryan Alford, a seasoned marketing expert with a track record of shaping brands like Verizon, Apple, Lexus, and The NFL, this episode gathers a panel of influential figures to discuss strategies, philosophies, and practical advice for entrepreneurs striving for world-class success.

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Category Design and Business Strategy

Christopher Lockhead kicks off the discussion by delving into the critical elements that drive breakthrough companies. At [00:42], Lockhead introduces the "Magic Triangle" framework, emphasizing the interplay between:

1. Company Design: Encompassing business models, culture, and distribution.
2. Product Design: Creating products that solve unique problems in differentiated ways.
3. Category Design: Establishing and dominating a market category.

Lockhead asserts, “If you get category right, once people see something, they can't unsee it” ([00:00]). This underscores his belief that while product and company design are vital, category design stands as the single point of failure—and success. Without a well-defined category, even the best products can falter due to lack of market visibility and consumer understanding.

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Filtering Information and Authenticity

Grant Cardone and David Meltzer explore the challenges of filtering vast amounts of information and maintaining authenticity in business practices. Cardone emphasizes honesty and simplicity, stating at [03:01], “I just tell you the truth. I don't beat around the bush. I don't use big words to try and prove that I'm smart.” He believes that clarity amidst chaos is paramount, offering better information and resonating more genuinely with audiences.

Meltzer complements this by highlighting the importance of showing up and maintaining a positive attitude. At [03:56], he shares his "10x" success formula:

1. Show Up Consistently: “If you don't show up, you can't get lucky.”
2. Be Available: Even when tasks seem unappealing.
3. Drop Negative Attitudes: Maintain a positive, 100% presence.
4. Aim for 10x Targets: Continuously seek ambitious goals despite doubts.

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Brand Building and Long-term Focus

Gary Vaynerchuk provides a compelling perspective on brand building, emphasizing patience and long-term investment over short-term gains. At [06:00], he states, “A brand will take you a long time to build, but it'll feed you forever.” Vaynerchuk contrasts his past approach of rapid scaling with his current focus on sustainable growth, highlighting that brands built with a strong foundation endure much longer.

He shares his personal journey, explaining how professional relationships and consistent marketing through various channels have solidified his brand. Vaynerchuk advises entrepreneurs to understand their content sources, creative processes, distribution outlets, frequency, and investment in boosting visibility to build a robust personal brand. At [29:29], he outlines this strategy:

• Source of Content
• Creative Process
• Distribution Outlets
• Frequency of Posting
• Monetary Boosting

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Optimism and Belief in Success

Alex Hormozi brings an invigorating discussion on the role of optimism in achieving success. At [12:07], Hormozi asserts, “I never met a wildly successful pessimist,” highlighting that a positive outlook is crucial for taking risks and seizing opportunities before they become apparent evidence. He elaborates on the concept of "burning the boats," a metaphor for committing fully to opportunities even before all evidence is in, reinforcing that optimism fuels the ability to act decisively.

Jesse Itzler echoes this sentiment, emphasizing the importance of belief and vision. He shares a personal anecdote about purchasing a home, illustrating how emotional connections drive decisions more effectively than mere features: “I bought it... because she got me emotionally tied to the product and service” ([14:59]).

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Customer-Focused Marketing

The conversation shifts to marketing strategies that prioritize customer needs over product features. Jesse Itzler passionately argues that entrepreneurs must focus on solving customer problems rather than selling their products. At [14:04], he states, “The only thing they care about is can you help me get more customers? Yes or no?” He advises, “Sell the hole, not the drill,” emphasizing that understanding and addressing the underlying needs of customers leads to more effective and emotionally resonant marketing.

Christopher Lockhead reinforces this by discussing the importance of dominating the market category to build a legendary brand. At [00:42], he mentions that dominating a category can account for 76% of the total value created, as measured by market cap or valuation. He underscores that “Brands are about us. Categories are about customers,” advising entrepreneurs to evangelize their categories to position themselves as market leaders.

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Capital Raising and Investment Strategies

Ryan Serhant provides valuable insights into capital raising for businesses at different growth stages. At [17:34], he outlines the types of investors suitable for various business stages:

• Startups: Best suited for venture capital firms or angel investors willing to take high risks for substantial returns.
• Established Businesses: Attract private equity firms focused on cash-flow positive companies.

Serhant emphasizes the importance of aligning the type of investor with the business’s growth phase to ensure successful capital raising. Misalignment, such as targeting venture capital firms with a mature business model, often leads to unsuccessful funding attempts.

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Reflections and Key Takeaways

As the discussion progresses, Ryan Alford reflects on personal and professional lessons learned from selling his business in 2001. He highlights the significance of building a profitable brand early on, maintaining strong margins, and investing in top talent. Alford notes, “Focus on margins... Make money from day one,” stressing that profitability is a key indicator of a brand’s market value.

He also emphasizes the importance of hiring the best people and motivating them with clear visions and incentives. According to Alford, “When you can afford it... getting the best people and getting some skin in the game for the best people” is crucial for scaling a business effectively.

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Social Media and Personal Branding

Grant Cardone and Gary Vaynerchuk discuss the transformative power of social media in building personal brands. Cardone recounts his realization of social media’s impact, stating, “Social media is the new television” ([28:10]). He underscores the importance of content flow—sourcing, creating, distributing, and boosting content—to cultivate a substantial personal brand.

Vaynerchuk adds that personal branding through social media leads to organic opportunities, such as partnerships and customer trust. He emphasizes investing in advertising to amplify reach, noting a strong return on investment. At [31:15], Cardone shares, “For every dollar I put in, I end up with $9 back,” highlighting the efficacy of strategic social media investments.

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Conclusion

This episode of Right About Now with Ryan Alford serves as a masterclass in entrepreneurial excellence, weaving together diverse perspectives on category design, authentic marketing, brand building, optimism, customer focus, capital raising, and personal branding. The collective wisdom of industry leaders like Christopher Lockhead, Grant Cardone, Gary Vaynerchuk, Alex Hormozi, Jesse Itzler, and Ryan Serhant provides entrepreneurs with actionable strategies to navigate and excel in the competitive business landscape.

Key Takeaways:

• Master Category Design: Dominating a market category is pivotal for brand valuation and market leadership.
• Authenticity Matters: Transparent and truthful communication builds trust and resonates with audiences.
• Long-term Brand Building: Invest time and resources into building a sustainable brand rather than chasing quick wins.
• Optimism Fuels Success: Maintaining a positive outlook is essential for seizing opportunities and driving growth.
• Customer-Centric Marketing: Focus on solving customer problems to create emotionally resonant and effective marketing strategies.
• Strategic Capital Raising: Align investor types with your business’s growth stage for successful funding.
• Leverage Social Media: Utilize content flow and strategic advertising to build a robust personal brand that attracts opportunities.

Entrepreneurs listening to this episode are equipped with a comprehensive toolkit of insights and strategies to elevate their businesses to world-class status.

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Notable Quotes:

• Christopher Lockhead [00:00]: “If you get category right, once people see something, they can't unsee it.”
• Grant Cardone [03:01]: “I just tell you the truth. I don't beat around the bush.”
• Gary Vaynerchuk [06:00]: “A brand will take you a long time to build, but it'll feed you forever.”
• Alex Hormozi [12:07]: “I never met a wildly successful pessimist.”
• Jesse Itzler [14:04]: “Sell the hole, not the drill.”
• Christopher Lockhead [00:42]: “76% of the total value created... goes to the company that dominates the category.”
• Ryan Serhant [17:34]: “Identify the type of investor that you want to be focusing your efforts on.”
• Grant Cardone [31:15]: “For every dollar I put in, I end up with $9 back.”

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For more insights and detailed clips from this episode, visit www.RyanIsRight.com or follow @rightaboutnowshow and @ryanalford on Instagram.

Transcript

[Christopher Lockhead]

If you get category right, once people see something, they can't unsee it.

[Ryan Alford]

This is Right about now with Ryan Alford, a Radcast Network production. We are the number one business show on the planet with over 1 million downloads a month, taking the BS out of business for over 6 years and over 400 episodes. You ready to start snapping next and cashing checks? Well, it starts right about now.

[Bradley]

What's up, guys? Welcome to write about now. We're always talking about what's now. We're talking about business, we're talking about marketing, we're talking about life. What's the balance between, you know, when you think about category design and category.

[Christopher Lockhead]

Development at a high level, the companies that really break through, the companies that change the future, the companies that are worth the most going forward, they really get three things right at the same time. We call it prosecute, the magic triangle. And what that means is they get company design, business model, culture, distribution, all of those things. They get product design. So do we have a truly breakthrough product that solves a unique problem in a completely differentiated way? And they get category design, right? So product, company and category. And if you get all three of those right at the right moment in time, that's how you get Airbnb, that's how you get Zoom, that's how you get, you know, pick your breakthrough company and you know, based on our research, based on our experience, based on my experience of doing this for over 30 years, it really is equal parts of those three. The one addition I'd say there, Ryan, is of those three, there's one that is a single point of failure and, and that's category. Because if there's no market, there's no marketing that you can get a, you can build a legendary product, you can build a legendary company business model. But if you don't have a category, there is nobody that's going to buy it. So that's kind of problem one. Problem number two is if you look at most new, whether it's a startup or an innovative new product that is trying to pioneer an innovative new category from a know an existing company. The same dynamics are true if you get category right. Once people see something, they can't unsee it.

[Bradley]

How do you filter? You know, like I, I always find this fascinating. Like I'm, I'm the same way. Like I, I breathe in a lot of the stuff I'm looking, observing. Like you said, you've, you've got a lot of touch points for like talking with people, building relationships. What becomes, is it A natural instinct for. Or do you test it? Like, how do you know how to filter, what to try yourself or what, what you then enact or, or use when there's so much stuff out there?

[Grant Cardone]

Well, again, I think if you just focus on telling the truth and being the truth, the truth resonates higher frequency than anything else. So it's like, I keep it real. I just tell you the truth. I don't beat around the bush. I don't use big words to try and prove that I'm smart. You know, I just talk so, like, you know, I think, I think with that simplicity comes, you know, better information. I think, I think, like, you know, clarity in a world of chaos is gold, right? So, like, I just need the light. Like, someone just bring me the light so I can see. I, I, I bring the light.

[Bradley]

I know you have the 10x platform. I know you got seven of these and five of these and four of those. But, like, have you boiled it down, like, to the. For both yourself and maybe others, like, what, what that success formula truly is?

[David Meltzer]

Yeah, well, you know, I did some of that on Undercover Billionaire, right? Well, one is show up, say yes to it. You got to show up. Like, if you don't show up, you can't get lucky. You can't get lucky. Nothing good happens. Nobody's going to come to your home, your sofa, your bedroom, and give you anything. It's just not going to happen. Like, you have to show up. And then once you show up, you got to show up, right? Like, you got to be available for whatever you're doing, even if you don't want to do it. So I do stuff every day. I show up for stuff every day. I'm like, I don't want to do this, but I show up, and then I act like I want to do it, right? So you got to show up, and then you got to be willing to change your mind about it because something super cool might come out of the deal. So, number one, you got to show up. Number two, and. And while you're showing up, you got to drop your bad attitude. Like, if you, if you're negative, bad attitude stuff's going wrong. You lost your mom, you got Covid. Whatever the hell happened, bro, nobody needs to know about that. You got to show up and be 100. Number two, I would tell everybody, like, I'm always looking for 10x target. Always. I wake up every day never satisfied where I'm at, because I'm always looking for the 10x I'm looking for. I got 4,012, 000 units. I'm gonna get 120,000. 120, 000 units, bro. I'll be like, I could run for president in the United States. Like I'd be a major player on planet Earth if I could get there. I don't know if I can get there today. I probably doubt that I can get there. I mean, to be honest with you, I don't, like, I don't think I can do it. I don't think, I don't know that I have enough time. I don't have enough money. But it's cool to think about it.

[Bradley]

At the end of the day, the substance is what matters. The, the expertise and then, and that. And we're talking about like one to one information sharing. But even as a brand, you know, you've got to stand for more than just a feature set of your product. It's got to be, you know, stickier than that. And that takes time. You build brand over time and hope for sales overnight. And so it's.

[Gary Vaynerchuk]

I'll give you this. I learned this. I did this. I'm a, I'm a byproduct of it. That which you build fast will crumble even faster. And that which takes a long time to build will. L last you a lifetime?

[Bradley]

Yeah.

[Gary Vaynerchuk]

So a brand will take you a long time to build, but it'll feed you forever.

[Bradley]

Yep.

[Gary Vaynerchuk]

It just. And I'm, I'm a, I, I'm standing before you today. How many people in our Internet marketing circle have made it 20 plus years. It's. I can count on probably two hands. I don't mean, I mean, I mean it really right. And every single one of them has a strong brand. But at the same time, learn as a company. We built it as a rocket ship, you know, there was no slow and steady 10amonth increase. Optimize and you know, do the CRO work and do the split test and focus on one funnel and painstakingly obsess over every part of your product delivery process. That ain't me. I didn't do that. We were, you know, and look how fast it crumbled. Look, look how, look how weak the foundation ended up being. Even though I was doing 40 million, it was super profitable. And I was about to sell. What I'm doing today, what I'm doing now, you know, we're for, for our software company, it's taking us anywhere from three to six months to close contracts with big enterprise companies. But those companies are closing a contract after giving Two to three week demo periods, they're reviewing it, they're having meetings with their C levels, they're fully buying in or saying no. But when the ones that were buying in, they're going to be with us for years and they're going to pay big fees. So albeit it's really hard right now in the early stages, but come talk to me in three years when we've got a ridiculous MRR and I'm able to start every month knowing that we're not only covered but in profit and all I have to do day and night is obsess about that product. It's a great life. So what most marketers, unfortunately, Ryan, are not trained towards and spin kind of my, my, my thing now I call it change, change the timeline and that is flip it over. So many of us want to make the million in 30 days. And now me today, any opportunity that can make me a million in 30 days, I almost always know it's the wrong opportunity. I'd rather make it over the course of a year, but then know that next year It'll make me 1.3, 1.4 and the year after that it'll make.

[Grant Cardone]

Me, you know, two.

[Gary Vaynerchuk]

And then I want that because I know that whatever that is, it's going to grow much, much stronger and much better. So brand is the exact same way. You can't get brand in 30 days. You just can't.

[Bradley]

It is amazing sometimes. You know, I've worked with a lot of companies, good, bad and ugly over the years in marketing and it's real hard to take a. You can't make bad companies good. It's really difficult. You can make the good companies great, but it's really difficult to make that. And I do think, you know, there's a lot of truth to be had and a lot of mirror to be looking in, you know, to really determining if your product, service or what you do differentiates and stands out and can be made to be again profitable. Seems like there's a lot of people that, you know, do things that a lot of other people do and they just assume that like, I mean, success will be guaranteed, but it just doesn't happen that way.

[Ryan Alford]

Yeah, no, that, that's why it's important early on. Like, I think it's, it's tough because a lot of times people give up too early to. So it is really, really tough to say, you know, if it's not working, you gotta tweak this. But I guess you should always be tweaking. But too many people I would say it's a bigger error is to give up early. So you can't do that. But it's like at the beginning, you have to be smart and you gotta look at your product and, you know, put. Have some way to measure your competitive advantage over what the market is offering. I guess I'd say it like that. Think deeper about your competitive advantage and even use things. I mean, there's all kinds of online tools you can use Survey monkey, you can use your friends, you could use LinkedIn. There's ways where you can vet that. But often what happens is, as you know, you're growing your business, you. You kind of naturally do that, you know what I mean? The good, the good leaders are naturally like, you're probably not even thinking about.

[Bradley]

It, but you're, you're learning.

[Ryan Alford]

You're like, oh, okay, I got the sale here. What, what, what copy did I use? Or what pitch was I using? Oh, okay, this is what they wanted. I thought they wanted this, but they actually wanted this, right? And you're sort of iterating along the way. But if you can do that without making it accidental, like from the beginning, if you could do your basic market research and if this is basic branding, right? So it's like, what is your position in the market? Okay, and can you create some sort of emotional connection? Now, not every product, a lot of people think, well, like with us with fridges, how are we going to do that? You know, but you can do it. You can, you can come up with fun ways to create some emotional connection. Because a brand is a feeling that somebody has about you. That's literally what it is. So how do you make more people feel a certain way about you?

[Bradley]

You know, that I believe to achieve, it's really fucking easy to be a hater and to not believe and to doubt and to critique. It brings me back to that statement. It might sound cliche, but we all hear, you know, no one who's getting shit done at a higher level than you is sitting around, you know, talking about you or where you are or how you do it, you know, because they're too busy believing in what they're doing themselves. And optimism, belief, I put all that into the same thing. I think it's just they've got a vision, they got a belief in something, you know, like, whether it's investing in something, whether it's doing their own thing, whether it's taking it forward. Like if you're a believer, you just, you ain't got time for the you.

[Alex Hormozi]

I always Say, to make this understandable for people, I put this out on, on Twitter a few times. X I. I never met a wildly successful pessimist. And people will say, oh, what about short sellers? I was like, that person's optimistic.

[David Meltzer]

They think that.

[Alex Hormozi]

Anybody. They're like, they're going against the grain and they're willing to risk everything with unlimited downside because they believe that they're right. That's pretty optimistic. Pessimism is somebody who thinks the deck is stack against them, the system is rigged, all that crap. Like, please. Like, some of that may be true from time to time, but at the end of the day, we all have the power to change our circumstances. And the reason I love why we're drilling down on this, I talk about this in this book, this one phrase to always anchor me to what I believe in and what I'm doing. Opportunity arrives before the tipping point of evidence, right? And that's a simple way of saying, like lightning and thunder, you know, you always see the flash of light first. That's the opportunity it travels. Light travels many times faster than the speed of sound. And evidence is thunder. It's unmistakable. But everybody hears it. And so if you want to be wildly successful, you first have to be an optimist or else you won't even believe you saw the light.

[Ryan Alford]

Right?

[Alex Hormozi]

You'd be like, it's in my head, you know, and then the ability to act on it is the thing that sets winners apart. And back to your point about belief, it's why burn the boats is so important. Because the time to burn the boats is when the opportunity arise before the tipping point of evidence. When you burn the boats, when everybody knows about it, it's like, well, it's, you know, it's too late. You know, that being said, if you're an innovative and dynamic and optimistic person, when you think it's too late, it's still okay.

[Bradley]

I have like a mentor, you know, most. I like to say I'm the mentor, you know, but I do have one mentor. His name's Christopher Lockhead. He said, he who owns the problem becomes the solution. So you frame the problem. He who owns the problem becomes the solution. So you don't have to. You don't. You know, we can talk about brand and all your features all day, but you got to talk about the customer's problem and own the problem so that you become the solution. Because that's big. Yeah, so that's really big, bro.

[Grant Cardone]

Yeah.

[Jesse Itzler]

Because, I mean, they like people. I think a lot of people struggle with Selling products. And they do that because of the thing that you just said, right? They're out here trying to sell their products. They don't understand that people don't care about their products. Like, listen to me right now, guys. Everybody listening. No one cares about your product. No one cares about your service either, Right? You think anyone comes to us and they care about Facebook ads or they care about, like, our logo and what rf. No one cares at all. The only thing they care about is can you help me get more customers? Yes or no? Can you help me streamline my business and automate it more so I'm not pulling my hair out every single day, right? Can you help me with those problems? And so like this whole, the whole thing about, you know, sell the hole, not the drill, and the. Too many people are out here selling the drill. Selling the drill and the wonder why no one's buying their stuff. Well, they don't want the drill. The only thing they care about is the hole that the drill produces. So understand that that is.

[Ryan Alford]

And then.

[Jesse Itzler]

And sell that instead and everything will change. Stop worrying about yourself and how cool you are and how you look and how amazing this product is and all the little trinkets that it has and all of that stuff and start focusing on why these people actually want that product and add that to your messaging. You got to tie them in emotionally. It's funny, we both recently bought new homes and I was dead set on a price, right? I told, I told my wife, I was like, yeah, we're not going above this price for the house. I don't care what this lady says when we go in here. I am not spending more than this, right? And I told her that I get in there and she's trying to get me to do an add on and add some brick to the front and get a lake view. And I would like, literally before I went in there, I'm like, I'm not doing this, babe. I'm telling you right now. No, right? And she comes in and she's like, well, you know, it's going to look so nice on the lake when you can watch your kids just play on the lake and you know, it's going to be all nice and breezy. And then when you walk up to the front of the house, that's such a homey vibe. She literally didn't even talk about the feature of just having the lake view. She talked about the emotions that I would have by acquiring that thing. And guess what? I did. I bought it. Yeah, I went above My price just because she got me emotionally tied to the product or to the product and service. Right. So yeah, it's true. So be careful like by the way, this stuff, be careful like who you share this insight with, right? You start sharing this insight on how to sell with your wife or with your husband, gonna start selling you on stuff.

[Bradley]

Hey, happy wife, happy life. I think Stephen, Stephen Johnson got that right. Realtor or not, I know that one. Real what about like, and I know there's more risk because I have friends that, that are literally knee deep in this, you know, buying existing business. You got all the baby boomers kind of ready to sell and you got a lot of these businesses that are cash flow positive. And so I have some friends that are very heavy in that side of buying, you know, businesses that are already proven.

[Ryan Serhant]

Right.

[Bradley]

What about like capital raising for ideas of business? You know, like of. Okay, maybe it's within an existing industry. Right, but sort of like the theory of the, you know, the idea of the business. But you don't necessarily have a million customers built in day one, you know, like, or even a thousand or a hundred. Right. Talk to me about that evaluation. And do you counsel that side of capital raising?

[Ryan Serhant]

Yeah, oh, absolutely. I mean, in my book I talk about, you know, the different types of investors. When you're raising money, you have to look at kind of the avatar and where you are in the growth curve. You know, are you a startup? Are you a more mature business? Are you kind of on a trajectory where you've been around a couple years and have a track record prior performance? And so when you look at a true startup, you know, somebody that's got this idea that's really unfounded or unproven. You know, you're primarily looking for venture capital firms. They invest in startups or, you know, maybe you're looking for what we call an angel investor that's typically a very wealthy person that may have been a business owner that sold their business, you know, and now they're worth, I don't know, you know, 10, 20, $50 million. They're willing to take those types of risks because they know if they could hit a home run, obviously the return on investment is going to be substantial. But when you look at the different types of investors, family offices, private equity, venture capital, each one of these different groups likes to focus on different things. Private equity firm likes to buy traditionally existing cash flowing businesses. They come in, they put in some capital, they make some management tweaks, they scale the business, then they exit the venture capital. Firm knows, okay, we're going to invest in five companies. Realistically, we're going to lose money on one. We're probably going to hit singles and doubles on the other three. And then that one boom is the home run that makes up for the others. And that's just the investment model. And so it depends when you're a business owner and you're going out there trying to raise capital, that the first thing you do is you identify the type of investor that you want to be focusing your efforts on. Because if you're out there, you know, for example, with a startup, and you're talking to investors over here that like to invest in more seasoned, more established businesses, chances are you're not going to be very successful because your message is not related to that audience.

[Bradley]

As a leader of, of a company and, and doing the marketing that you did and having the growth that you had, when you reflect on the. Both the success and what you learned, are there like. Are there like light bulbs that kind of key points or things that come to mind?

[Ryan Alford]

Yeah, for sure. So we ended up selling in 2001. Okay, that. And for me, you know, personally, that was a big thing, you know, because it's like if you sell, you created something that is proven value, and then private equity is coming in and buying. And then I stayed on for a while, and then I was. And then I. And then, you know, I've got a great new CEO running it now, and so I'm able to take time and reflect on it.

[Grant Cardone]

And.

[Ryan Alford]

And I would say that there are definitely a couple of things. Like, the first one is when you can afford it. Like, as a business leader, as a business owner is getting the best people in and getting some skin in the game for the best people. Okay. And then creating a vision and letting them know what that final outcome looks like. So, for example, you know, early on, I probably would have been. I was more tight, you know, because I'm thinking, okay, if I, you know, how much should I share? And then later on, as I kind of learned the right way to lead, and there's a lot to it that I learned, but I'm just simplifying it here. It's like when you get good people and you say, hey, let's sell in three years, and if we do, this is what it looks like for you. They're gonna just run through walls. There's a huge. Because everybody's motivated by money. Okay? It's like, sure, you want people who are just gonna always do the right thing, but you gotta show them that this is what it's going to look like for you. And they're going to work their asses off and get there if there's a big payday for them. And they're going to do things that you could never do on your own. So that was a big one that I learned, you know, as far as like getting the right people, I realize early on that can be hard, like if companies don't have enough scale, like they can't hire in, you know, that CFO for 250 or 300 or they can't hire the CEO, but you know, you can still prioritize getting the best people over. Saving a few dollars is how I would say for most companies. And then just another quick one is just focusing on margins. You know, too many companies are, they're, they're churning, they're churning revenue, they're churning top line. They're, they're, they're, they're, they're building in lots of expenses into their business system. Okay. And they're saying, one day, you know, one day I'll get scale, one day I'm gonna get leverage. And that does work for some companies. Okay. And especially people who've already done it, they're really smart and they come at it round two and they really know how to get to that point. But for a lot of people that doesn't, it doesn't work. It's like make, it's like before you go, build like a 10 or 20 million dollar company and then try to figure out how to make money, like make money from day one. Because the pro, the thing is that can actually, basically what it's telling you is your brand is not valuable enough to the market. Like if you're not profitable when you're a couple million dollars at the transaction level, you know, there's a good chance that as you're 10, 15, 20, you still may not be that profitable because the market's telling you like this is all we're going to pay for your brand. You know, and so you want to figure that out early on, what do I need to do with my product or service, how do I add more value, how do I, you know, stretch these margins? And so that's, that's a huge one. You know, right now I do CEO coaching and that, that's a, that's like one of my main focus is like, what are your margins? Okay, what are, how can we get creative and really think about your product and big focus on the product.

[Bradley]

Money doesn't solve everything. But it sure helps and.

[Dan Fleyshman]

Sure helps.

[Bradley]

You know, my friend Bradley talks about this a lot, and I've been on his show, he's been on mine, and, like, he's. He does a podcast called Dropping Bombs. And. But he talks about this, you know, and he's. He's done very well. And he just. He's just honest about it. He's like, no, it doesn't solve everything. I'm not happy every day just because I have money. He's like, but damn, I'd rather have it than not. And he's like, he kind of used the same analogy as used. And he's like, sometimes I just want something nice, you know, I want to get my wife. It's like, for sure, it. It's. Sometimes it's really, you know, pretty simple. But it is not just because he's trying to show off, either. He's way past the, oh, I got to show my Rolex or something, you know, like, it's not that. It's just, hey, he wants to take a nice trip, and he doesn't have to think about it for, you know, 14 months and put it on layaway.

[Dan Fleyshman]

For sure, 100%. I think for anyone to say that, you know, wealth is not part of the equation, the motivation equation, I think you're kind of lying to yourself, because of course it is. With wealth comes freedom, and that's what we're all after at the end of the day. So to say that money doesn't matter to you is probably just you lying to others and you lying to yourself, because at the end of the day, the finances equal the freedom, and the freedom is really what's most important.

[Bradley]

Bingo. There you have it right there. That's what I tell people. I mean, Nina, if time were money and money were Tom, we'd all have the same amount.

[Dan Fleyshman]

Hell, yeah. I mean, but, you know, and it's important to lean into those wise and, you know, but I think for. For the most part, you know, when it comes to, you know, success in any endeavor, you know, success kind of comes down to two things. It comes down to having a plan, and it comes down to sticking to that plan. Right? And I'd say most people don't even make a plan. They just kind of let life push them around and. And. And then they die, and that's it. So I think for, you know, most people never even make that plan that really inspires them. But then for a lot of people that make that plan, they don't stick to it. So I think if you can do both of those things on a daily basis. Put a calendar together that really inspires you, that taking steps towards your goals, your. The goals that really mean something to you and then doing your best to actually execute on everything in that calendar day by day, you can strengthen that muscle and become the type of person that makes a commitment and keeps it to themselves. But it's a day by day progress, you know, it's a day by day process for a lot of us. I know it is for myself. You know, I know sometimes I love making plans. I love getting at my little pencil, writing down all the cool shit I'm going to do tomorrow. And then sometimes I struggle to execute, but I just remind myself it's a muscle, you know, it's almost like you're at the gym, you know, and you're going for some hypertrophy on your chest. You're just trying to bench a little bit more every week. And I just try and ask a little bit more for myself every week as far as work ethic goes. And if I don't have a great day, I have some grace with myself. But get out there tomorrow, make an ambitious plan, and then do your best to execute on that plan.

[Christopher Lockhead]

I guess the big aha is, you know, here's a simple one that, that I like that tends to resonate. If you want to sell Bibles, there's got to be Christians. And so what most people do is they shout, look how great my bible is. Legends spread the religion. And in the HBR research that I mentioned, we discovered this incredible thing. 76% of the total value created as measured by market cap or valuation goes to the company that dominates the category. And so the aha here is categories make the brand. Google has a legendary brand because they dominate a category called search. When they take that legendary brand and they slap it on a category that they're not designing, AKA social networking, they have their ass handed to them, in this case by Facebook. And so most companies believe they can win by screaming their brand. Look at us, look at us. Aren't we awesome? Aren't we awesome? Brands are about us. Categories are about customers. And so legends actually market their category. And in so doing, there's this other interesting thing that happens. Prospects, customers, consumers. The only company they've ever seen market the category is the category queen. So when you're the one evangelizing the category, the market, people in the market assume you're the leader, because that's what leaders do. Non leaders, that is to say followers, compare themselves to others. Take the Pepsi challenge. Pepsi tastes better than Coke, right? And when they do that, they're telling the market category, Coke's the leader. And so the only companies that. That consumers ever see attacking and comparing themselves are by definition, not the leaders, not the category. Queens and kings. And so if you want to be perceived as the company that's designing and dominating the market category, evangelize the category.

[Bradley]

How did you embrace social media? When did that light switch pun intended? I guess it went on about four.

[Grant Cardone]

Or five years ago. Brightly. It went on a little bit. Maybe four or five years before that. Like, right when it was coming out, I was like, hey, this is interesting. And, man, there sure is a lot of people here, but I didn't put two and two together until. Until I saw other people leveraging social media to get quite the notoriety. And with attention comes opportunity. So I wanted more opportunity. So what better way than to get attention? And social media is the new television, man. Like, dude, literally, I was walking through the airport the other day, just getting back from a keynote. I land in Vegas. I'm walking through. Someone rolls up. They're like, dude, Bradley, dude, I listen to your podcast. I'm like, oh, thanks, man. He said, hey, can I take your picture? Boom. I take a picture. I start walking off. Someone walks up. Bradley, the real Bradley, dude, I watch you on tv. And I said, what? He said, I watch you on TV all the time. I said, I'm not on tv, bro.

[Dan Fleyshman]

He said, oh, I mean, like Instagram.

[Grant Cardone]

And I'm like, dude, that guy said tv, because that is TV nowadays. So once I realized that, you know, I'm glad I did what I did. But, you know, if anybody wants to build a personal brand, in my opinion, you got to think about just content flow. I put content flow into certain categories. Number one is the source of your content.

[Ryan Serhant]

Where's the.

[Grant Cardone]

Where's the source of your content coming from? Like, for example, this podcast is a source. You know, coaching somebody is a source. Working in your office with interacting with people is a source. You know, things that happen to you on a daily basis. Keynote speeches are sources. So you just figure out what your sources are. Then the sources lead to the creative. Someone has to chop up, drop, edit, you know, hashtag, etc. That's your creative. Then you got to figure out what your outlets are. Okay, well, my outlets are Instagram, Facebook, YouTube, LinkedIn, Twitter, and used to be TikTok, but for some reason, they banned my damn account. When I reached a half a million in a month and a half, Those are your outlets. And then you have frequency, right? How often are you doing that? And then you have what I call boost, which means how much money are you investing into it? A lot of times people just post, but they're not, they're not investing any money to be seen, folks. That's the key is if you literally paid whatever it took to get everybody that logged into Facebook every day to see your face for a month, you'd be famous. You may not be liked by everybody, but you'd be famous and you'd have a ton of opportunity coming your way. So if you're taking notes, the source, the creative, the outlet, the frequency and the boost, you figure those out, you're going to build yourself a big ass personal brand.

[Bradley]

How much do you think it plays into, like now that you've embraced it last four to five years? Like if you put a percentage on it, I'm sure you've got data on your ads and things like that, but what percentage would you put the, you know, your success right now towards all of those channels?

[Grant Cardone]

Well, whenever I do the boost part and advertise right now, for every dollar I put in, I end up with $9 back according to statistics.

[Jesse Itzler]

Why?

[Grant Cardone]

I'm starting to put a whole lot more dollars in. So if you see me now, wait, you'll see me a lot more here pretty soon. But that's when I'm just advertising. But just the personal brand, you know, it's immeasurable. I get deals all the time because people follow me, they like me, they trust me, they hear, they hear me talking about something that has nothing to do with lightspeed. And they sign up for lightspeed because of who I am and what I said and what I think and what I believe. And, you know, who I'm connected with. And you know, they see that on social media. They see me hanging out with the big wigs. You know, they see me on my podcast, they see me, you know, employees and, and again, it's social media, not anti social media. You ever seen these people with private accounts? I don't understand. Why are you on social media with a private account? It's like, dude, that's the equivalent of flipping someone off when they say, how you doing?

[Bradley]

Hey, guys. You know, to find us, Ryan is right.com you'll find highlight clips, all of the episodes and our YouTube links, and of course, where to find our guests and information on everything that they're up to. We appreciate you for making us number one. We'll see you next time on right About Now Listen or watch full episodes.

[Alex Hormozi]

Of Right about now on the web.

[Ryan Alford]

Go to ryanisright. Com or follow at Ryan Alfred on all social media platforms.