A CEO that shows what is behind the curtain

Richard Blank

The Renowned Leadership Podcast - Leadership, Progression, and Life Advice with Call Center CEO Richard Blank  Welcome to the Renowned Leadership Podcast, where we ignite the leader within you! Hosted by Stephen J. Morris, a seasoned leader with over 21 years of military and corporate experience, this podcast is your go-to source for transformative leadership insights. Join us for inspiring interviews, actionable strategies, and real-world stories that empower you to lead with purpose, build elite teams, and drive success. Whether you're a seasoned executive or an aspiring leader, tune in to elevate your leadership journey and make a lasting impact.  Hey Podcast Enthusiasts!  Exciting News! In our latest episode, I had the pleasure of chatting with Richard Blank, a seasoned entrepreneur, and innovator, diving deep into the world of startups, investment, and business growth. Entrepreneurial Journey: Richard shares his inspiring journey, from startup ventures to becoming a seasoned entrepreneur and investor. Explore the highs, lows, and invaluable lessons learned along the way.  Startup Strategies: Discover Richard's insights into startup strategies, investment opportunities, and navigating the ever-evolving entrepreneurial landscape. Gain practical tips for launching and scaling your own ventures.  https://youtu.be/SOfqsNAkpRI https://youtu.be/ttXiTblezXY

Transcript

00:00So it's a tortoise, not the hare. It's slow and steady. It's cash only. It's not overextension.

00:06There's no loans. There's no partners. There's no mortgages. That's great. It means I can sleep

00:12at night. And to answer your question when it comes to being an owner of a company, I

00:16wanted to make sure, just like in The Wizard of Oz, you are going to see eventually

00:22what is behind that curtain, what's in the kitchen. And I'd rather be forthright in the

00:29beginning. What you see is what you get compared to smoke and mirrors for when you've invested

00:36so much. And it's very important that I can't fulfill. And so the only difference between

00:41me and Amazon is that they have the deepest of pockets, tons of real estate advertising

00:46like crazy. But in essence, we all share the same labor pool. I match them on their entry

00:52level base and benefits. My location sometimes is better for some people. So as I say, what

00:57is their advantage? Not much. In essence, to the labor pool, we compete. But through the

01:05filtering process, there are some people, Stephen, that would want to make a name for

01:12themselves, not want to hide amongst thousands, that want me to delegate, to give them

01:17responsibilities, to test them, to see if they're capable. And since I have the luxury of

01:24not having to hire thousands, I'm hiring dozens at a shot, I can be more selective, which means

01:31I don't cattle call and carpet bomb and just bring them in. We don't do things like that.

01:36I like to ask certain specific questions to see if you're a long-term player, man, if you're

01:43going to fit with my culture. Because if not, then it's a terrible investment of someone that

01:49might jump on you. So that's how I was able to build a business. Checkpoints and slow and steady

01:55and bringing in the specialists and making sure that I had the capital to start expanding my team.

02:01If not, I was doing most of the stuff. It's almost like an owner of a restaurant that buses the table,

02:08cooks, and is a concierge. I never clean toilets. But I did a lot of different stuff to be able to help

02:14assist and offset the fact that I was lacking certain staff within the first six months of the

02:20growth of my business. I think you spoke. I think what you said, and it wasn't even your main point,

02:32but I think it should be, is that it's not glamorous in the beginning. I think so many people,

02:41like, they want that executive job. They want that director's job. They want that glamorous job.

02:48They want the parking space. They want the salary.

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