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/
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Ep.559 ~ Selling $1Billion Before he was 23 Pre-Internet, Pre-Facebook, Pre-iPhone ~ Shaahin Cheyene
HP#168 ~ Pt.3 of Sitting Down w/a Billionaire
HP#167 ~ Pt.2 Sitting Down w/ a Billionaire
HP#166 ~ Sitting Down w/a Billionaire in Person
HP#165 ~ Common Traits of Billion Dollar Founders Continued….
HP#164 ~ The MAIN Common Traits of Billion-Dollar Founders
HP#163 ~ The Biggest Fear of a $4 Billion Space Tycoon
HP#162 ~ How to Get Mark Cuban to Invest w/ a Cold Email
HP#161 ~ Biggest Mistakes in Fundraising Over $1 Billion ~ Jordan Noone
HP#160 ~ A Billion Dollar Founder on the Importance of Taking TIme Off to Think
HP#159 ~ When Not to Listen to Your Mentors, Coaches or Advisors
Ep.558 ~ A $4.2 Billion Company That 3D Prints Rockets ~ Jordan Noone
HP#158 ~ Pursue Your Own Madness ~ Jim Rogers
HP#157 ~ How the CEO of Chipotle Maintains Peak Performance
HP#156 ~ Why Leaders Should Be Subordinate from the CEO of Chipotle
HP#155 ~ Recipe for Empowering Employees from the CEO of Chipotle
HP#154 ~ How the CEO of Chipotle Finds Top-Employees for Rapid Growth
HP#153 ~ Growing Chipotle from 8 Stores to 2000 Stores w/ 75k Employees
Ep.557 ~ The Former CEO of Chipotle, Growing it to a $23 Billion Company ~ Monty Moran
HP#152 ~ Once a Month Have Lunch w/ Someone You Hate
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