Hello everybody and welcome to The Business Method Podcast. Today, we have a very special guest that we get the fortunate opportunity to chat with. He started out at the ripe age of 9 years old in rural Texas working at his family’s grocery business. During his teenage years he spent most Saturday’s and Summers sweeping the floors and learning the in’s and out’s of the business until after graduating college where he then worked the night shift loading trucks for a year and a half.
He worked in the family business for nearly 5 decades running it as the CEO for 30 of those years and built that company into a wholesale grocery business worth $19 Billion dollars. In 1990, he sold the McLane Company to Sam Walton the founder of Walmart and became the Vice Chairman of Walmart. In 1992, he decided he needed a new challenge and purchased the Houston Astros baseball team, eventually taking the team to the World Series and building them a new stadium. His name is Drayton McLane and he is here on the podcast today, Drayton, welcome to the show!
00:23 Who is Drayton McLane?
01:56 A Billionaire's Networking Hack
05:53 Drayton’s Logic Behind Inviting Competitors in his Facility
07:27 Drayton on Starting Work at 9 Years Old
09:30 The Chapters of Drayton’s Road to Billions
14:05 Drayton’s Take on Entrepreneurs that Skip College and Start a Business
16:55 Helping CEO to be Better as a Member of the Board
22:08 Fears and Anxiety of a Billionaire
26:32 What Drayton Would Do If He Lost It All?
29:00 How Has Drayton Changed Due to Wealth
33:25 Should I Really Keep My Friends From Childhood?
36:22 How to Select Leaders?
42.53 Going From the Grocery Business to a Baseball Team Owner
45:44 How a Billionaire Starts His Day
48:51 Is Being an Entrepreneur Easier or Harder in Today’s World?
50:49 If Drayton Had to Start All Over Again, What Business Would He Get Into?
53:08 Starting in a New Business That Has Never Been Done Before
58:10 Raising Entrepreneurial Children
01:00:52 What’s Great About Being a Billionaire & What Sucks About Being a Billionaire?
01:02:29 Book Every Entrepreneur Should Read
01:05:06 Who Drayton Recommends We Follow
Contact Info:
Website:
https://draytonmclanejr.com/
https://www.mclanegroup.com/
Subscribe to the Newsletter:
Stay Updated About Our Events for Founders & Billion Dollar Founder Episodes
Subscribe to the Podcast:
🎧 Website:
https://www.thebusinessmethod.com/
🍏 Apple Podcasts:
http://bit.ly/TheBusinessMethod
💻 Google Podcasts:
http://bit.ly/TheBusinessMethodGooglePodcasts
🎙Spotify:
http://bit.ly/SpotifyTheBusinessMethod
Follow Chris Reynolds on Social Media:
Instagram: @chrisreynoldslive
Facebook: @chrisreynoldslive
YouTube: @chrisreynoldslive
LinkedIn: @chrisreynoldslive
Ep.512 ~ Building a CryptoCurrency Hedge Fund ~ Kyle Samani
HP#56 ~ How NavySEALS Handle Stress
HP#55 ~ 5 Reasons Brain Science Tells Us to Break Up w/ Our Phones
Ep.511 ~ Building a Business Around a Trend from the Man Who Made Crossfit & Paleo Cool ~ Robb Wolf
HP#54 ~ 7 ways to Build a Podcast with Billionaire & 9-Figure Guests…Even If You’re Just Starting Out
HP#53 ~ Steven Kotler on Daily Routines
Ep.510 ~ The System to Build a Product That People Can’t Stop Using ~ Nir Eyal
HP#52 ~ The Power of Turning Off Your Phone
HP#51 ~ It Takes 10 Years To Be An Overnight Success ~ Hal Elrod
Ep.509 ~ Memory is Essential as an Entrepreneur - Here is How to Maximize It ~ Chester Santos, US Memory Champion
HP#50 ~ Tips to Manage Influence From a Billion Dollar Woman ~Janice Byrant Howroyd
HP#49 ~ 20,000 Years of Tech Growth in the Next 81 Years ~ Steven Kotler
Ep.508 ~ Becoming an Advisor to the World’s Most Successful Entrepreneurs ~ Mike Koenigs
HP#48 ~ The Worst Investment Jim Rogers Ever Made
HP#47 ~ The Real Purpose of Goal Setting ~ Hal Elrod
Ep.507 ~ Brain Focus 2.0 - Different Brains Need Different Music for Peak Performance ~ Will Henshall
HP#46 ~ Daily Meditation, Brain Training, Productivity & Breathwork ~ Steven Kotler
HP#45 ~ Addicted to Your Phone? Listen to this episode....
Ep.506 ~ Founders of Outback Steakhouse & Bolay Restaurants - The Father & Son Duo ~ Tim & Chris Gannon
HP#44 ~ What to Do If You Have a Few Million Dollars ~ Jim Rogers
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Organic Marketing Simplified: Master podcast marketing, fuel podcast growth, and make money podcasting!
THE GO BIZ GUY
The Sigma Femme Podcast
The Prof G Pod with Scott Galloway
The Tim Ferriss Show