Success Unshared is Failure With John Paul Dejoria

Episode Summary

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…
  • How to handle rejection and become a standout entrepreneur
  • The one thing successful people do differently than ordinary people
  • John Paul reveals his decision making process when it comes to investing his time, money and energy
  • 2 habits for becoming clearer and impacting the world
  • 3 core values that are vital to entrepreneurial success
  • 3 character traits that make great leaders
  • 4 key elements to look for when getting into a business
  • The most important criteria to look for when hiring team members
  • 2 things John Paul is most proud of in his life
  • The way to treat your employees, staff and partners that ensures they love working with you
  • A smarter way to evaluate business opportunities
  • Don’t Be In The Selling Business: If you want to be wealthy, be in the _________ business
  • 2 of John Paul’s biggest business challenges and how he go through them
  • One action you can take to transform insecurity into power
  • The one thing every high level achievers and entrepreneurs needs to know about success…
  • Why you have the ability to achieve 10x what you ever thought possible
  • The 2 most important actions you can take to raise healthy, responsible, smart children
  • John Paul’s surprising definition of “Success”

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Show Notes

  • 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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