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TIP655: Hustle, Trust, and Cash Flow: Nike’s Genesis w/ Kyle Grieve
Manage episode 436003287 series 1394353
On today’s episode, Kyle Grieve discusses a wonderfully well-written autobiography, “Shoe Dog” by Phil Knight, the founder of Nike. He discusses the importance of identifying and pursuing true happiness while ensuring a stable income as a fallback, the value of hustle, the importance of trust with your suppliers, why focus is so vital to business success, the hidden downsides of issuing equity, the importance of maintaining cash reserves, the complexities of growing a business, and a whole lot more!
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:30 - The importance of being aware of what will make you happy in life, and pursuing it with deep focus
07:37 - Why happiness can't be fulfilled based purely on increased earnings power
09:42 - Why hustle and unconventionality is so important to getting a nascent business off of the ground
15:36 - The difficulties of aligning incentives between lenders and borrowers in fast-growing businesses
23:29 - The importance of creating an enemy in business to help motivate executives to continue innovating and improving
25:31 - Why focused business leaders are so important, and why you want to avoid CEOs doing excessive side projects
28:56 - The aspects of cloning Phil took to increase exposure for the Nike brand
32:49 - Why maintaining positive cash balances is so important to the health of a business
47:23 - Why public businesses use dual share structures so management can maintain control
47:58 - Why IPO's have misaligned incentives for investors
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Buy Shoe Dog here.
- Follow Kyle on Twitter and LinkedIn.
- Check out all the books mentioned and discussed in our podcast episodes here.
- Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
- Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
- Check out our We Study Billionaires Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
- Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Enjoy exclusive perks from our favorite Apps and Services.
- Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
- Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
- River
- Toyota
- Range Rover
- Vacasa
- AT&T
- The Bitcoin Way
- Public
- American Express
- Onramp
- SimpleMining
- Fundrise
- Shopify
- USPS
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
935 episodes
Manage episode 436003287 series 1394353
On today’s episode, Kyle Grieve discusses a wonderfully well-written autobiography, “Shoe Dog” by Phil Knight, the founder of Nike. He discusses the importance of identifying and pursuing true happiness while ensuring a stable income as a fallback, the value of hustle, the importance of trust with your suppliers, why focus is so vital to business success, the hidden downsides of issuing equity, the importance of maintaining cash reserves, the complexities of growing a business, and a whole lot more!
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:30 - The importance of being aware of what will make you happy in life, and pursuing it with deep focus
07:37 - Why happiness can't be fulfilled based purely on increased earnings power
09:42 - Why hustle and unconventionality is so important to getting a nascent business off of the ground
15:36 - The difficulties of aligning incentives between lenders and borrowers in fast-growing businesses
23:29 - The importance of creating an enemy in business to help motivate executives to continue innovating and improving
25:31 - Why focused business leaders are so important, and why you want to avoid CEOs doing excessive side projects
28:56 - The aspects of cloning Phil took to increase exposure for the Nike brand
32:49 - Why maintaining positive cash balances is so important to the health of a business
47:23 - Why public businesses use dual share structures so management can maintain control
47:58 - Why IPO's have misaligned incentives for investors
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Buy Shoe Dog here.
- Follow Kyle on Twitter and LinkedIn.
- Check out all the books mentioned and discussed in our podcast episodes here.
- Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
- Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
- Check out our We Study Billionaires Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
- Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Enjoy exclusive perks from our favorite Apps and Services.
- Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
- Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
- River
- Toyota
- Range Rover
- Vacasa
- AT&T
- The Bitcoin Way
- Public
- American Express
- Onramp
- SimpleMining
- Fundrise
- Shopify
- USPS
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
935 episodes
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