In this episode Joe Polish interviews John Paul DeJoria. John Paul grew up in poverty and spent time homeless with his young son before finding work as a janitor. Fast-forward and he’s on the Forbes 400 list with a net worth of over $3 billion. He’s a businessman and philanthropist who’s joined Warren Buffett and Bill Gates in the pledge to give away half his wealth to charity.
Here’s a glance at what you’ll learn from John Paul DeJoria in this episode:
✦ John Paul shares the story of how he raised himself from homeless to billionaire
✦ The biggest accidental business lesson John Paul ever learned
✦ Billionaire Time Management: How John Paul handles requests, communications and relationships
✦ The character trait that determines whether you will be a success or failure in life
✦ Why today is the greatest time in history to start a business
✦ John Paul's Billion Dollar Money And Wealth Advice: When it comes to making, keeping and giving money, here's what every person should know...
#Timestamps
✦ Introduction [00:45]
✦ What was the most difficult time in John Paul Dejoria’s life? [02:50]
✦ John Paul survived by selling empty coke bottles [03:40]
✦ Everyone has the ability to do ten times what they’re doing right now [04:00]
✦ Being a salesperson teaches you to overcome rejection [05:40]
✦ “Do unto others as you would have them do unto you” [07:15]
✦ What’s John Paul’s decision-making process when he decides where to put his time and energy? [09:30]
✦ Choose something that you believe in: “Never go into business just to make money” [09:55]
✦ Look for a situation that works; a high-quality product; and the people you love working with [13:00]
✦ John Paul Mitchell Systems: in 35 years, their turnover has been less than 70 people. Be a good employer. John Paul Mitchell Systems gives free lunch to its employees, and shares profits throughout the business [14:30]
✦ A handwritten note can transform relationships. John doesn’t have an email address: he only uses phone and letters. [15:20]
✦ What’s John good at? “I’m lucky enough to have the ability to listen attentively. And I believe in being nice to people.” [20:00]
✦ What’s John Paul less good at? “I don’t pay attention to a lot of little details” [22:00]
✦ Managing yourself and your time is the first step toward becoming a manager. [23:00]
✦ What’s the biggest lesson John Paul’s learned? “People are capable of doing more than just their jobs” [25:40]
✦ What’s the most useful life or business advice that John Paul could give? “Success unshared is failure” [30:30]
✦ Be empathetic. Listen to people. A great leader is someone who can listen. [33:40]
✦ John Paul’s companies including Rock Mobile and Aubio [36:00]
✦ “Leave yourself open and things will come your way” [39:30]
✦ Addiction: some friends of John’s have established an effective centre for rehabilitation on his land [42:00]
✦ John Paul doesn’t have an ongoing mentor - he looks for people who are far more knowledgeable than he is [45:00]
✦ “Hire people who can do their job better than you could. And hire from the heart - ask if they’ll be happy with you.” [47:30]
✦ “If you have rejection or insecurity in your life, do something to help somebody else.” [49:15]
✦ What did John Paul do right with his kids? “I had a kid when I was a kid...but as I grew up, the big lesson was to spend more time with them. And to listen to them and find out that sometimes they’re right.” [51:30]
✦ Partner with John Paul on projects at the Peace Love and Happiness foundation [55:00]
✦ “In the end, everything will be okay. And if it’s not okay, it’s not the end.” [01:01:15]
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