10.07.22 - Billion dollar lessons
Lunch with a billionaire gave me a list of lessons
Last week I spent a few days with some of my best friends in California.
While there I got some hang time with Grant Cardone’s team… then I flew to Chicago to hang with some entrepreneurs at an event there.
Compiling lessons this AM, and wanted to share some of them with you.
(By the way — last month, I printed and shipped my learning lessons from Keith Cunningham, who lost ~200 million dollars when his last business failed. He rebuilt it all from the ground up and the lessons are profound. If you’d like to know how to navigate the ups and downs of choppy economic conditions - you should get your hands on this)
Some items to note:
➡️ Cardone’s 10X line does ~$11M/mo
➡️ His ventures line does ~$6M/mo
➡️ Real estate distributions are $5-7M/mo off of $5.5B in holdings
➡️ Capital line raises ~750k to $1M per day
A few really good friends are partnered with Grant’s companies so I’ve known and heard about these figures for a while.
But now that Grant is sharing them publicly I don’t feel like I’m sharing “insider info” by telling you 🙂
At my peak I had ~200 staff and lots of spinning plates. The highest I got revenue wise was $7-8m in a month.
All 10X ventures combines = about 800 staff and a $3.5B valuation on companies not including real estate.
It was inspiring to connect see them in action…
A few months ago one of my communities was reeling from seeing the operations in person.
Everyone was sharing takeaways and wins and notes — my takeaways will be different.
I have done the sales floor.
The giant offices.
The info business to real estate arbitrage. Yada yada — why stood out to me was the mental piece required to win at this level for this long.
Grant is 64.
I am 33.
That’s a long time to be in the game.
Another takeaway was the level of honesty and authenticity from the team and from Grand himself. You can feel this sort of thing. You could feel it when his kids walked into the room - his family loves him. His staff adore him and TRUST him.
That’s almost impossible to fake.
Here are some lessons 🙂
Also - HAPPY FRIDAY:
✅ Success is compounding. The big growth happened in the last 8 years. In 2008 he was losing everything (a 90% drawdown on net worth and assets) — at 50 years old he started over and rebuilt. It ain’t ever too late.
✅ Your biggest opportunities will feel the most uncomfortable
✅ It’s harder to leave something old than start something new
✅ Good friends don’t tolerate your bullsh*t indefinitely — toxic enablement
✅ Your comfort level with the “unknown” determines your future
✅ Staying alive (aka security) VS Moving forward (aka growth) are almost always diametrically opposed, you will have to choose which side wins
✅ Failure must be reframed as LESSONS, champions accrue more power as the pressure increases
✅ Knowing what you want and WHEN you want it is a SUPERPOWER
✅ More money = more problems; stay aware of your personality and your game — if you want ”enough” then stop at enough, if you want it ALL then strap in for the journey that comes with it
✅ You will have fans and haters — all percentages… don’t allow growth if you can’t handle the accompanying increase in criticism
✅ Focus on the upside, your mind will trick you a thousand ways to “explore” every angle — champions are ruthless in committing to the upside
✅ Publish more (Group to Clients is a great playbook to enable this — you can get that in MDC)
I gotta role but there are a few (my list is about triple this in size but that’s for later).
-Taylor
Appreciate you T!
Saving this one