Million Dollar Mastermind with Larry Weidel

Fight, push, stretch to find your maximum. In this episode, Larry speaks with million-dollar earner Jon Lavin about the problem-solving techniques that led his business to the top with $500M in assets under management.

•Work hard & have a system.

•Copy the leaders—go with what works.

•Get clever after you start growing.

•Compete like crazy for number one.

TIME-STAMPED SHOW NOTES: [5:30] Dog fight to the top. [6:25] Get to the root of the issue. [11:45] Find your maximum.

In this episode, Larry speaks with the founder of Knife Aid Marc Lickfett about finding unexplored and unexploited niches of service and product to capitalize on.

•It almost doesn’t matter what idea you start with.

•Had three other ideas he pursued and gave up when he found knife sharpening.

•Overcoming the barriers of the post office and Facebook

TIME-STAMPED SHOW NOTES: [1:30] History of knife sharpening. [8:10] Massive potential market. [18:45] Hands-on learning.

Serial entrepreneur Marc Lickfett shares his experience from working all over Europe (Sweden, England, Germany, Finland, etc.). He talks about the importance of recognizing the reality of whether or not you will be able to work long-term in a big corporate environment.

•People become risk-averse with age.

•He saw how corporate life belittled his father.

TIME-STAMPED SHOW NOTES: [1:45] His beginnings. [3:25] Entrepreneurship vs. corporate. [12:20] Life-work balance.

In this episode, Larry speaks with the founders of Soapbox Soaps David Simnick and Daniel Doll about the complete rebranding of their products which has led them to over $30 Million in revenue!

• First big disaster: when they were given the wrong advice on product labeling.

• The longer you go the more momentum you have to absorb bumps.

TIME-STAMPED SHOW NOTES: [2:00] From boom to bust. [7:00] Take responsibility [13:25] The “V.O” pairing.

In this episode, Larry speaks with the founder of BombTech Golf Tyler “Sully” Sullivan about the type of mindset that is necessary to become a successful entrepreneur. The only way a leader can legitimately measure their value is through growth.

• Hard work is part of the deal.

• It takes forever to get traction, but traction builds confidence.

• Exploding limiting beliefs as an owner.

TIME-STAMPED SHOW NOTES: [2:30] His inspirations. [9:00] F.I.O. method. [15:30] Don’t chase trends.

In this episode, Larry speaks with the founder of BombTech Golf Tyler “Sully” Sullivan about taking your company to the level where you are irrelevant to the normal flow of business, allowing yourself to focus on the bigger picture.

• The first thing he handed off was shipping, the second was customer service.

• The biggest lever is the ability to scale marketing in a profitable way.

TIME-STAMPED SHOW NOTES: [1:45] Outsourcing. [5:00] He focuses on new products. [8:25] Grow what you know.

You must define the line between mediocrity and greatness. In this episode, Larry speaks with business leader Tonia Poe about overcoming mediocrity to do something truly great. She says following your passions is what will lead you to greatness.

• Success is never guaranteed — all you can do is work to put the odds in your favor.

TIME-STAMPED SHOW NOTES: [1:50] Let yourself loose. [10:25] Passion is necessary. [15:55] The right attitude is key.

In this episode, Larry speaks with the founders of Soapbox Soaps David Simnick and Daniel Doll about how they used their small size to their advantage. They say it allows you to be more agile than your larger competition.

• Find what is resonating in the market and see if that can be something your product can address.

TIME-STAMPED SHOW NOTES: [1:50] Keep it simple. [8:40] The first batch. [13:30] Follow the best practices.

In this episode, Larry speaks with business leaders David Simnick and Daniel Doll about going from making soap in their college kitchen to owning a portfolio of four consumer companies.

• 22 million bars of soap sold/donated.

• Your product must tap into what the consumer cares about.

• Also owners of Bushwick Kitchen.

• Their mission gives their brand authenticity.

TIME-STAMPED SHOW NOTES: [2:50] Impact-driven brands. [12:00] Tap into the consumer. [20:20] finding their passion.

In this episode, Larry speaks with Vera Stewart the founder of VeryVera. She explains how her television show went from a 6 show commitment to a now 10 season-long run and being broadcasted in 30 metropolitan markets spanning from Texas all the way to New York.

• From a home business to a full-scale catering company and mail order business.

TIME-STAMPED SHOW NOTES: [6:09] Throwdown with Bobby Flay. [9:05] Getting her own TV show. [15:30] Getting top billing on Oprah’s O List.