Success Unshared is Failure With John Paul Dejoria

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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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