BILLIONAIRE THINKING: What They Do, That You Do Not with Jimmy Vreeland

Being part of a mastermind is one of the best things you can do for yourself as you take on the journey to success. My good friend Jimmy Vreeland and I come to The Collective Genius mastermind and we always have massive takeaways each time! 

On today’s episode, Jimmy and I are doing our quarterly wrap up of the most recent Collective Genius mastermind so that you guys who were not there with us can still get some of these massive nuggets that we found.

We are talking about our gold nugget takeaways from CG keynote speaker Jeff Hoffman and how we plan to use them in our businesses. Listen now to know more about The Keys to Entrepreneurial Success!

Key Talking Points of the Episode

[02:20] Introduction of the quarterly wrap up

[03:25] Rise up, live free podcast by Jimmy Vreeland

[03:43] Who is Jeff Hoffman? 

[05:05] Takeaways from meeting Jeff Hoffman in person

[06:00] The Keys to Entrepreneurial Success

[07:22] The ceiling of complexity

[08:00] Should you do everything by yourself? 

[08:43] How Silicon Valley took the entrepreneurial flare

[10:23] What to do if you don’t have the capital to get past your ceiling of complexity?

[10:59] The mindset to get through your ceiling of complexity

[11:28] Finding your gold medal talent

[12:53] The safest use of capital and its inefficiencies

[14:00] The strength in leveraging your gold medal talent

[15:59] Investing because of FOMO 

[17:42] Don’t chase money, chase excellence

[18:02] Freedom to pursue excellence

[19:24] What does winning look like? 

[20:00] Why is it important to know your non-negotiables?

[22:09] Chasing excellence and developing gold medal talent

[22:39] How would things change if more people were about pursuing excellence? 

[23:25] Is property management the best way to pursue excellence?

[25:06] Building a brand

[26:19] The Road Less Stupid: Advice from the Chairman of the Board

[26:43] Benefits of taking time to think and process

[27:33] Having unrealistic expectations when creating your brand message

[28:18] The Vivid Vision

[30:45] How do you implement your vivid vision? 

[32:08] Ideas are welcome, but execution is worshipped

[33:58] How 1-800-Flowers grew big

[35:37] The impact of visual reminders

[36:45] The challenge in building culture remotely

[37:41] Figuring out when to execute

[38:26] The scarcest resource in the world

[38:51] How did Jeff find his HR director? 

[40:36] Hunting for talent from companies who have talent

[41:50] Recap of The Keys to Entrepreneurial Success

[44:22] Paying more money to hire more talent

[46:15] Jimmy’s message

[46:31] The next Collective Genius mastermind

Quotables

“You kinda put billionaires on a level peg, you think they’re doing something you’re not, but I think he has just been able to scale his excellence.”

“Billion dollar thinkers think differently. What got you here won’t get you there.”

“It’s actually who, not how. It’s not how I can do it, but who I can partner or collaborate with to get through that ceiling.”

“A percentage of a billion dollars is better than a hundred percent of a hundred thousand dollars.”

“That’s a dichotomy that you’re always gonna run across. People who have an issue of too much cash to deploy generally lack talent and then people who have a network of talent generally lack capital to leverage that talent. Essentially, there’s always going to be a tug-of-war between capital and talent.”

“Too many people think that the only way to learn is to employ someone, but you can get a consultant or a coach to help you.”

“You want to be free so you have the freedom to pursue excellence, not the freedom from restraints.”

“The toughest thing for entrepreneurs is to take time away from the business to think.”

“If you don’t have time to think, there is no clarity.”

“People that are super successful at what they do don’t just quit or get fired, they’re largely looking for opportunities while they’re employed.”

“You either pay in salary for talent or you pay in misery for not doing it.”

Links

Instagram: Marck De Lautour

https://www.instagram.com/marckdelautour/?hl=en

Jimmy Vreeland

https://www.instagram.com/jimmyvreeland

Podcast: Rise up. Live free.

https://rise-up-live-free.simplecast.com/

Book: The Road Less Stupid: Advice from the Chairman of the Board

https://www.amazon.com/Road-Less-Stupid-Keith-Cunningham/dp/0984659269

Book: Vivid Vision: A Remarkable Tool For Aligning Your Business Around a Shared Vision of the Future

https://www.amazon.com/Vivid-Vision-Remarkable-Aligning-Business/dp/161961877X