Gary Vaynerchuk On Building Operationally Powerful Businesses

Podcast

Interview with Gary Vaynerchuk by Kevin Kauffman

Intro 

As business owners, we are often so focused on short-term ROI that we kill our own long-term success. If we want to build something that isn’t just successful now, but strong enough to weather market shifts and disruption, our focus has to be on long-term profitability, not short-term revenue. Our guest is a mega-influencer who has done this so well, he’s one of the most well-known, accomplished and sought-after entrepreneurs on the planet. Gary Vaynerchuk has built several successful business entities and there’s so much we can learn from him. 

How did he build operationally solid businesses many times over? Should real estate agents be worried about getting replaced? How can we thrive even as the market shifts? In this episode, I talk to media and entrepreneurship powerhouse, speaker, author, VaynerX chairman, and VaynerMedia CEO, Gary Vaynerchuk. He shares tips on sustainable success and profitability.  

Quotes 

The people who are sitting and collecting a check without giving value are the ones that should be worried.

– Gary Vaynerchuk

Key Points 

Patience is your leverage.

We have to choose between top-line revenue or bottom line profit. Most people choose profit because they think a business is there to buy them a better lifestyle, but that’s a mistake.

Contrary to the prevailing panic mindset, agents are not going to get eliminated in the next 5 years.

The reality is, human beings do business with human beings and that won’t change. There’s still a lot of leeway for agents to continue to build. 

The future belongs to the people who are driven by providing value to their customers and clients. 

Summary 

On this episode we discussed

• Why we shouldn’t be too worried about short-term ROI. 
• How to practice patience with an unknown future looming over our heads. 
• The most misunderstood thing about Gary Vee. 

Closing Paragraph 

One of the biggest things that get in the way of the success of many entrepreneurs is that we try too hard to make our young businesses profitable every year right at the beginning. We should instead be focused on long-term profitability, and that comes through solid business practices and always giving value to our customers and clients. 

Guest Info

Gary Vaynerchuk is the chairman of VaynerX, the active CEO of VaynerMedia. He is a sought-after public speaker, a 5-time New York Times bestselling author, as well as a prolific angel investor with early investments in companies such as Facebook, Twitter, Tumblr, Venmo, and Uber.

In addition to VaynerMedia, VaynerX also includes Gallery Media Group, which houses women’s lifestyle brand PureWow and men’s lifestyle brand ONE37pm. In addition to running VaynerMedia, Gary also serves as a partner in the athlete representation agency VaynerSports, cannabis-focused branding and marketing agency Green Street and restaurant reservations app Resy. Gary is a board/advisory member of Ad Council and Pencils of Promise, and is a longtime Well Member of Charity:Water.

Catch the Interview

Listen to the full interview with Gary Vee:

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