21 Burst results for "Steve Anderson"
"steve anderson" Discussed on Amazing FBA
"Forget to subscribe to the podcast. You got this good stuff. Pay automatically and with that. I'm gonna hand you over to the discussion with steve anderson. Enjoyed the show. So know that the second you got another couple of parts to this innovation and invention tool set right until set so that was the first one walls meaningful station correct. So second one. Yeah the second one is a process. Amazon uses actually to decide. Do we go forward with trying to create an amazon go project. So it's called a six page narrative and in two thousand and four base. Send out an email to a senior leadership team. And basically said you know i am banning any slide oriented presentation at our meetings so again senior leadership and trying to see here and no powerpoint. No keynote no nothing at at meetings and basically at at this really goes back to basis mindset and kind of goes back and helps answer the question. Why did he write all these shareholder letters away. He did their stories their narratives. They're telling a story about what amazon is doing and what he realized i think early on and implemented at amazon is that frankly and i'm quoting out of the e mail right now well-structured narrative text is what we're after rather than just text. If someone builds a list of bullet points in word that would be just as bad as powerpoint. The re- reason riding a good four page memo is harder than writing a twenty page. Powerpoint is because the narrative structure and now. I'm paraphrasing the narrative structure forces you to think through what it is you're actually asking whereas you've seen them in presentations. You sorta hide behind powerpoint. Right and what about the person who interrupts and then somebody says. Oh wait i've got that's the fourth slide in the future. So what amazon does is. It's now called six page so it's maximum of six pages. At one point. They were doing like sixty pages. Didn't work so again. They're experimenting iterating. Changing so six page it starts. The first part of that document is called a future press release so in amazon. Go case somebody came up with the idea that we can build a just walk out checkout process. Somebody had to make the decision to go ahead. Somebody who had the idea had to create the future press release. That literally looked at one to three years into the future and said here are the benefits. Here's how customers are going to be better served. Here's how it's gonna work. So that's the first thing and again taking the time to actually write that out having a much clearer vision for what it is. You're trying to build the second part of that is an faq. What are the common questions that a customer is going to ask. What about others. What and what are answers right short answer in a longer answer. What don't we know. What do we anticipate being the big technical problems we're going to have to solve and that document is put together and brought to the meeting..
"steve anderson" Discussed on Amazing FBA
"Be six seven eight forget amazon sellers. And if you're watching on video it's british emerson. Tell us about my head actually going to have to get rid of that because these days actually for a longest time. Lots and lots of americans listening as well as people in various places like germany candidate. Indeed so you'll very welcome to the show. And today of got steve anderson or of the base lettuce. Come back to visit with us as americans would say. He's the author of the basis letters which fourteen principles to grow your business like amazon. And given i was in growing like crazy. And jeff bezos his father which is person the world it sounds like a great thing to follow steve warm. Welcome back to the show. Michael thanks for having me back. It's always been a great conversation talking with you yet. likewise recently. Been talking some very eminent. Podcasts i know that you were recently on one of the podcast run by kevin harrington and south greens or kevin house in one of the nicer sharks. I would say sean and obviously a very serious business person and influences. Congratulations on hitting some great heintz there yeah thank you thank you. So we've talked ages ago with you about this and obviously there's lots and lots to take him board. Fourteen principles is a lot there and just give us the sort of highlights of what the basics are the basis. Let us before we dive into today's topic. Which is about dynamic invention which is a really cool topic so again just a quick reminder at least a book in the book i took the letters to shareholders. Jeff bezos has written starting in nineteen ninety-seven and now actually the latest letters two thousand nineteen which we don't address in the book but and did a deep dive analysis of kind of what's in there. And and what i realized in that research was that jeff bezos had hidden in plain sight in his letters his plan for growing amazon and he's executed that plan. I think we could agree quite well over the last now. Twenty six years. That amazon has been so fourteen principles that are growth principles. That i believe amazon has used during that time to grow that i absolutely unconvinced probably more convinced. Now than when the book was actually published that these principles can apply to virtually any business being a nonprofit. You know e commerce you know. Pick and mortar. Pick your business. Obviously there's little change here and there so i've categorized the fourteen principles into four cycles..
"steve anderson" Discussed on My Worst Investment Ever Podcast
"Which has become a Wall Street Journal usatoday and international bestseller with hundreds of thousands of followers. Steve has been handpicked by LinkedIn as one of the most influential thought leaders and ladies and gentlemen, go to LinkedIn right now and type in Steve Anderson and follow him. He's got a lot of great content and a lot of interesting things to say. So see take a minute and fill any further tidbits about your life. Well, I'm currently just outside Nashville, Tennessee where I've lived for the last twenty years and one of my favorite hobbies is cooking and it's a hobby my wife completely supports off. That's the benefit, you know when my when my parents retired. It seemed like my mom kind of retired from cooking and she turned it over to my dad and then he got really interested in it so I can remember being home in North Carolina with Mom and Dad and Dad would be cooking all kinds of great fun stuff, which he didn't do when he was working. Yep, exactly a little more time to plan and prep. So yeah, and I understand that the environment in Nashville is pretty vibrant these days with the startup community and business Community. Tell me just a little bit about Nashville for those people. Keep in mind that a lot of my listeners also are an Asian, right? So Nashville you may have heard of is Music City so certainly country music and there's actually a whole lot more than just country here. But music is actually the third biggest industry dog. Nashville the second biggest is publishing so number of large book publishers are here and the number one industry is health care. So several of the large in the US Healthcare System that are headquartered here. It's a great environment low taxes lots of businesses moving in and it is vibrant and creative which is kind of fun, you know, so, you know them a lot if you're in a creative Arena, it's just a great environment to to do that in chem and I have a little story about Nashville..
Nashville police chief to retire amid calls for resignation
"Judged here in Nashville metro police chief Steve Anderson is retiring mayor John Cooper made the announcement this morning now the move comes in the midst of growing calls for the chief's resignation during today's covert nineteen update uber was asked whether it's important for the city to hire someone who is black to take Anderson's place specifically in African American chief of no we want the best chief we want the best chief and I you may be super of course to have an African American chief financial but they need to understand that they're being picked because they're the best chief and that's how we need to
"steve anderson" Discussed on PT Pintcast - Physical Therapy
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Let's <Speech_Male> just the <SpeakerChange> last thing and get <Speech_Music_Female> this thing done with <Speech_Music_Female> <Advertisement> love the PT. <Speech_Music_Female> <Advertisement> Pine cast yes <Speech_Music_Female> <Advertisement> yes, <Speech_Music_Female> <Advertisement> Shell by telling a <Speech_Music_Female> <Advertisement> friend or by leaving <Speech_Music_Female> a review <SpeakerChange> on one thousand, <Speech_Female> nine hundred Google play <Speech_Male> special. Thanks <Speech_Male> for supporting <Speech_Male> the virtual <Speech_Male> happy hour end <Speech_Male> for supporting the show <Speech_Male> goes to <Speech_Male> the Academy of Orthopedic <Speech_Male> Physical Therapy <Speech_Male> the leaders <Speech_Male> in orthopedic <Speech_Music_Male> physical therapy practice <Speech_Music_Male> with <Speech_Male> educational offerings <Speech_Male> on their website <Speech_Music_Male> right now, Ortho <Speech_Male> P., T. 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"steve anderson" Discussed on PT Pintcast - Physical Therapy
"Think the world, and even though he went through that horrible time, they've. They embrace him still and so he's He's back in Kentucky, where he's loud, he's doing good. Thanks. That's great profiles and leadership. If you're a physical therapist and you're looking for insights things you can't buy you know I. It's not. I feel like the way you tell it or the way the should say you. You leverage the guests telling it. Is Different Than Book Stephanie, not a course. It's something very very different. Personally as a podcast I like it better feels more intimate to me so definitely check out profiles in leadership with Steve Anderson. I want to thank you for taking a flyer on me for invite me Graham sessions right out of PT School I appreciate that thanks for for jumping on the shell and doing this with us and thanks for literally calling calling together so many different leaders and sharing those with people for free. Well, thanks doughnuts Jimmy. It's been an honor to be on the show. You know you're the gold standard broadcasting so I try and listen and learn from you, so it's It's a it's a fun thing to do. And I hope people will listen because There are some really good stories in. There got some great guests coming up so It's a it's A. It's a fun thing to do our last thing. Would you Michelle Steve a tradition here? Parting shot. What's something you WanNa leave your mic drop moment. as we as we need this ninety minute broadcast earners gonNA reinforce gun when our as but embrace the gray. It's Messier, but it's way more rewarding. Yes, it is the gray. That's where it is I. Great can be messy. Grey gives you options. You'll hear that another great episode right there on profiles and leadership Steve right now. We can't be together in person Hopefully we can be soon. I look forward to that as well as all of you want to say, thank you to everybody who dropped by for the whole broadcast can't believe. Somebody got stuck around and take taking a listen. Listen to this this hot mess of a podcast. Thank you to our sponsors. You see him in the corner. If you're looking for information about blood flow restriction, rehabilitation training, you heard Johnny and Kyle Owens Science Dot Com Academy of Orthopedic Physical Therapy. If you look advance your practice. That's it and Arias medical staffing. You want to check those guys out if you're.
"steve anderson" Discussed on PT Pintcast - Physical Therapy
"Physical Therapist Jimmy Mackay. Stay, for time I WANNA go. All of our guests Jerry derm. Owens COP Kimbrel sky out of a Meghan, Brown tear Joe and all that we just heard from Steve Anderson. Steve, welcome to the show. This thing that we're trying out that you were nice enough to just jump in with us. Thank you for having faith. Thanks for having me authorship meaner. Steve Anderson, longtime physical therapist, but really. I think the thing that you focusing on right now is. The coaching of humans, the focus of leadership, and how to take some people's experienced and I, I, mean leadership to me feels like a multiplier how you take someone and be able to lead others in and bring others up. Absolutely amion the first lesson leadership is is I feel as a leader? Our first job is to help. Others learn grow, and the more leaders you can create the better organizations you can have and this just It's something that's dear to my heart. As that I spent a lot of time on, if I can share without in any way with others. And brings me joy. A love. Now you put that you've been doing this for for a long time. we will let people know that that Steve. works with It's Orange Dot. That's where people can find right at Steve. Orange dot talk about. Who Do get to help, and what would you get to work with their so orange dot coaching is just a a part time job for me in a sense by do executive coaching, and and what do is I work with the. Two groups mainly the CEO's or leaders of companies that also with their executive teams to help them communicate together and. I just feel one was with any CEO or business owner at any level can always learn and grow and improve in the key is to build that team around us. We all know he can't do too long. So you need a good team. And then how that team communicates is essential, and I think that's just something that the better your at the you can do an end and. The more knowledge, your team can can have in that area. You just to do better as an organization. Yeah, well, said There's something I didn't mention. It was on purpose in your intro working as a physical therapist. You've You've worked with therapy therapists and clinic for for a long time. But you also started something a number of years ago. Which people might have heard of which is Kinda cool right? It's almost like I I called it. Fight Club I think on our first episode. Which is Bram sessions? I rule is kind of not supposed to talk about. It so. Of course people break that I rule and also the second rule tell people briefly for watching right now. Who might not know? Graham sessions is. What you would what you wanted to be and what you think it is. Yeah, well. It's not that we don't want to talk about it. It's just that what we. Tried to create. Was it was a a conference or get together a brought out by an up by frustration at most of our association meetings which are very. Robert's rules are very tight agendas, and in very formal and time and. Just made it so hard to really talk about the issue, so we found ourselves late at night in bars, having this really great deep conversations, but that isn't what everyone should here and everyone should be a part of so high together. The sessions basically what it is is to get people together. And then we created an environment where you can be vulnerable, and you can say what you want to say as an individual not as Napi ta or director nod as the president of this the owner of. The individual in and then we all protect each other where we go back to our our areas of influence and can say this is what was talked about, but I'm not gonNA. Say this is what Jimmy said in the meeting. Because I'm going to protect you, so we talk about the ideas we learned from that, and then there's no outcome from the meeting. It's only to learn in an understanding here different perspectives, and then we go back to our Arizona influence, and take that information and do what we can hopefully change the role Stephanie and interesting meeting being at national conferences. I people all the. The time not paid by the a PTA but you should taste out a local meeting chapter. Many check out a state meetings check out next national student conclaves CSM, but there are a lot of different meetings and grab will use the word different for Graham sessions but there are. There's a part of Graham sessions and I was lucky. Enough to go twice would love to make sure keep this thing going so I can go again. There's art of Graham sessions which is called. The speeches tackled with a little bit about what those are, and then I want to get into one that you did. Okay so part of the program as they're called what I believe speeches and they started out we started calling him like many Ted talks, but we. We were infringing on someone's brand there, so he had to. the basically it's giving. Individuals we ask them head at times. They have time to prepare his fifteen minutes or less to basically say, this is what I believe. And there's no expectations other than be provocative. Make people a little uncomfortable in in in lettuce. Hear something that we can learn from, and so that's all the requirements and from there. We have six to seven people each year that we do and in my opinion, they really become kind of the highlight of the. Conference and there's just been some really really good. Yeah. So just we know Graham sessions's view. Patrick Graham and drew boasts you. Guys came together and kind of formulated. Graham sessions. But was was the most recent Graham session. Your I believe in the gray. Was that your first time doing what I believe speed yeah. Yeah, so what happened was when we first started the ground sessions I did a lot of planning myself, which wasn't perfect. So now we have a planning committee and so this year's planning committee. Said Hey. You know you've been facilitating this meeting for thirteen years and you've never done What I believe speech, so maybe this is this is the time and I said. Well you know. Maybe I was thinking about I could. That could be my swansong. Out of the facilitator or whatever and my carshield said yeah, but you might die before that. Okay I'll do on this year. I did want WanNa roll that die, so I did one in in mind was entitled is I believe in the gray. And basically the concept of that was One of my opening lines was I believe that black and white thinking is threatening this profession in ruining our country, and we need to believe in the gray, and then I gave. Examples one in business one in sports in a one in politics of what I think that meets an I had I had asked you a little bit ago to to come on and talk about this, because I got a chance to listen to it on your podcast profiles in leadership, and we'll mention analyst bit. And I thought I believe in the gray right now what you just mentioned black and white thinking. It's bruening the country ruining the words. It's ruining black and white thinking. I thought now more than ever. That statement really has meaning. Yeah. It's it's just I. mean the events that are happening right now is just so disturbing, but but it is that it's that we're just so polarized were forced into thinking. You know black or white on on all these these different issues in everything in life so I to me, you know a different.
"steve anderson" Discussed on The Jason Beem Horse Racing Podcast
"Jason. Beam horse racing podcast brought to you by twin spires and pleased to welcome in our next guest has been the voice of fodder park racing for most of the century fodder currently racing. Monday through Wednesday for the remainder of the month. Thrilled to welcome Steve Anderson to the show. Steve how'RE YOU TERRIFIC JASON? It's amazing how Paths Cross and this certainly wasn't on my radar screen as recently as even yesterday but it's a pleasure. Thank you for the invite. Yeah I always love getting to talk with announcers particularly guys. I haven't gotten to meet yet. I mean it's kind of one of my things is to go travel to racetracks and I was. I was talking to a friend literally yesterday. We were talking about just our travels general and I have six states. I have to hit and Nebraska's one that I still have eluded me thus far. Well now you have a reason to come out since since we've theoretically hit the big time Nobody knew who found park was as recently as six weeks ago. And I've I've heard that analogy made by literally hundreds of people and We certainly have created a lot of curiosity amongst through bread race fans and I think that down the road Some of them were GonNA follow through and pay us a visit here in central Nebraska. Yeah I mean it's it's such a strange round of circumstances that kind of led to this. I'M GONNA have to imagine this has been for for a lot of reasons has been a finer season like no other. That's an understatement. This is my seventeenth year of calling the races. It's on our park. I was born and raised in Grand Island. It's a ton of about sixty thousand people Yeah the chain of events that led to what has transpired since March sixteenth We haven't had enough time to really just sit back and let it all soak in and I. It seems like everything is change day by day But it's it. It's a lemon situation that I give all the credits who general manager Chris CA- to lack of turning it into lemonade and the chain of events again that have transpired at this moment Were not even fathomable as recently as six weeks ago and we take at one day at a time I The threat of being shut down has has really never ever gone away. Grant Island is considered a hot spot with his corona virus pandemic We've got a meat packing plant where there's been a huge outbreak over the last couple of weeks Food processing plant. That's also a big part of this community so even though Nebraska's trying to slowly open up the economy as early as tomorrow and Lincoln and Omaha that is not the case out here in the Tri Cities Area Grant Allen Hastings and Kearney so the fact that we're still running coupled with all of that it's it's it's a miracle absolutely so the typical honor season goes February through kind of early. May and and you guys. In general I think is the case with a lot of Benesova small tracts but kind of maybe smaller community tracks. You're very very reliant. On the Amtrak crowded you guys have kind of a good on-track crowd following normally right. We found a niche that Was No accident and this is our sixty seven consecutive year jason of having wine thorough. Brace live thoroughbred horse racing fodder park a lot of people. Think you know. We need to move this season back to a warmer times of the year. Make it more comfortable for the horsemen. But the fact of the matter is our community in our areas so egg related that we have found time. I if we get a break in the weather because we do start used to start in the middle of February and always close on Kentucky Derby Day of Being able to attract our primary customers which are farmers ranchers That haven't been able to get into the field yet and plant and and the calving season and all that stuff so clear down the road and they've been the backbone to Racing for years and years and years we. I've always equated Fonterra racine as being like a big red football Sunday as Saturday and Lincoln And then on Saturdays at finer par we sell out. We've sold out for years. Sixty five hundred people would be the average turn out Even the big tracks outside of Oakland Park These are numbers. That are you know from my experience or literally unheard of anymore and Mr Catoon lack who Took over a year ago as the general manager. Here he brought in One Saturday during the two thousand nineteen season here at fodder The camel ostrich racing on a Sunday. No less and we we hit fifteen thousand people but showed up it was you had to be heard. Absolutely Mujib. What your eyes were showing. You was incredible so the interest is always been here. The time of the year works for us. There is a minimum competition amongst other tracks. That aren't going to open up until spring weather's really kicked in so we get knocked around by. Mother Nature from time to time and lose a day or lose a weekend But over the course of time and this this is the place you want to be. The I if even if you're not a race fan I it's a social kind of a hangout party. Time and the word is spread. We just wish some of the politicians in the state of Lincoln Omaha with venture out here on a Saturday afternoon and really get a taste of what horse racing and the public the the the relationship that we have out here because we failed repeatedly to get expanded gambling That would certainly pump the life back into our breeding industry and raise purchases. But I admire the people that are involved with horse racing here in Nebraska Jason. Because they just do not with. They've tied on for years and years of survive when others have failed miserably. And and I don't see that attitude changing in the near future. I'm glad that you brought up in Nebraska because I was curious about just kind of the state of racing in Nebraska in terms of the circuit. I think I was kind of naive to think that fodder was kind of the main game in town and then there wasn't much else but there are a number of other tracks Both kinda medium size and small that kind of make up for an entire circuit right. Well it it's not like the good old days which were as recent as maybe six to eight years ago Prior to state for Parking Lincoln closing down and moving the state for out to honor partner. Last we've certainly benefited by that facility. Syllabi and the campus. We have out here in Grand Island with all the brand new state fair buildings and a sixty five hundred seat events center is it's just it's phenomenal but At one time when exorbitant was running and they folded up In the late eighties Early nineties I guess it was. We had a real strong circuit. Ranaldo and was is always let off They went to EXURBAN and ran there for three and a half months and they would go to Lincoln and or Columbus at at at various points along the way. South Sioux City. Have a track called advocate Part Jefferson was running on the in on the on the South Dakota side of the border up there simultaneously as well and Racing was was huge back. Then it is. It's evolved into the closing of its. Arben the horsemen Build a little boutique facility. It's a tremendous simulcast facility in south Omaha called horsemen spar. They put a six furlong race track on there. But they don't have the barnes to or the land to develop as a full fledge race track like honor. Park is so we had started with like three days of horsemen spark expanded a couple of years ago to nine financially. That didn't work. They were cutting back to like seven this year and they've been forced to totally cancel so founder park again benefiting by that was branded an extra twelve bays To run through the end to make our season was actually up on the last day of April so the circuit as we used to know it has has diminished and is just hanging on by a thread. Columbus still runs about eleven to fifteen days although their future is suspect Lincoln has a little simulcast facility and they're in the process of building a seven furlong dirt track with no grandstands. No Barnes no paddock. No nothing to go with it. All of this has been postponed down the road for another year. So the future is iffy The spirit is still there to try to keep this thing intact And so the semblance of a circuit would continue to exist and farmer parks become the The focal point of the of the whole thing working and and another phenomenon of the arrival Chris. Ca- to lack is that he has been a great ambassador to all the other race tracks. I I've worked for all of them over the course of these last seventeen years. The relationships have been strained at times. Not Unusual for our industry is. It's tough forget any two tracks to agree on anything and the horsemen. Were always in the middle of this as well. So Chris has has mended the fences so to speak brought all the facets and all the sides together and is really the sole reason that we've been able to pull this thing off Because in with previous management that gave me an opportunity and always be indebted to them. I don't think this could have ever happened. It's so interesting about the schedule and stuff and I always talk about horse players. We need to be Nimble. We need to be adapt ready to adapt for change and stuff like that and you guys just getting the extra month I think is such a good thing for bettors and I mean just for racing fans because a lot of these tracks are going to start popping back up. It seems like at least as of now at the end of. May or the last couple of weeks of May early June You guys are kind of able to really really fill a void because the next two weeks I think are going to be the slowest in terms of of racing with oaklawn dropping off and Tampa only go into three days. And so you know this is this is GonNa be the dead period of in terms of more tracks running and so. I think it's great that you guys are kind of able to fill that void for a little while. It's almost it almost happened by accident Jason. you know. The the Mayor Grant Island pulled the plug on Farner part back on March sixteenth. A Monday I did get canceled. I forgot about that. Yeah in four days time Mr Couture lack got together with the powers that be with the HP PA and the Racing Commission the State and Suddenly we're back on board close to the public and we're GONNA try Monday Tuesday and Wednesday. What we didn't foresee coming was that Chris with his background with TV. Gee had been talking with these people as well wondering if you know they were In in need of of extra programming on these days and if they would pick up our signal well the fact of the matter is they were only if we were willing to pay them orange and so has recently just hours before that following Monday when we we switched to the new format So on so forth. Now we had Tur- Paradise Closing Sam Houston Racetrack. Close Sunland Park closed and now TV G. calls us the day that we're going to go on the air and said we need programming and we would love to have you on board and the rest is history. I'll never forget.
"steve anderson" Discussed on Thoroughbred Racing Radio Network
"Tom. You're in this in this area when you're the hopefully it'll be prior to Yes Breeders Cup. Prior to the Breeders Cup. I'll get you an apple fritter from Katya donut and you can have A. You can have a apple fritter off and tell me which one's better that one or the one in Burbank. Well when you're in Saratoga. You'll have an apple. Gets you an apple? Fritter at triangle diner used to be known as Serge's and this is this'll be. This'll be a new thing with the apple. Fritter the fritter off love Jay Have a good couple of weeks and we'll talk ahead of Arkansas Derby perfect thanks. Do you take care. Jay Proven. Everybody will stay right here because we got about I don't know six eight minutes. Suspend with Steve Anderson. Who's got a busy day and you know Steve follows so many things Steve Good Morning. Good morning to you. Know the program on a sartorial and culinary twist so. I enjoyed that well. Do you know the munch box says well in Chatsworth do not? In fact that's That's basically the other side of the world to me Oakland County. What's your what's your go-to Kelly Burger. Stand Oh man my kitchen to be honest with you because I come from and we can do a better than anybody out here. Look at you look at you. How about those hotlinks? You must miss hotlinks. I didn't know you were from Texas. Grew UP IN DALLAS. Yeah the answer is yes. That's a now you're making me hungry. Eight thirty two Pacific. I prefer you didn't do that if you're from Dallas I'm going to send you a picture of Of the time I tried to go to Sonny Sonny. Brian Rings a bell. Yep the and the sign on the door must have been about three thirty four o'clock in the afternoon closed out of food they they make a day's worth of Barbecue. And if you don't get there in time you're you're out of luck How about Angelo's Fort Worth? But I haven't been over there yet but One of the years. I've got some friends down.
"steve anderson" Discussed on Thoroughbred Racing Radio Network
"Farmington road back. And then I talked to Brad Cox about wells by you Who breezed a half mile on Monday? And he's you know he won the Louisiana Irving so he's certainly fine on points And he said he just GonNa Monitor. How the race comes up before he goes which. I took his code of basically look if they Donald Charlotte's in there in there and the pace is going to be radioactives. I'm not sure I want to be part of that. But if it wasn't or you know they weren't in a split division or something then you know then maybe Maybe he considered He didn't say that that's just my sort of interpretation of worries that with the Horse. 'cause you're going back to what you said about. Mr Big news and and Bret Calhoun being disappointed that he didn't get into the race. But you know the way that race came. I don't know that it it would have been beneficial for him. He just wasn't a whole lot of pace and rose by walk. The dog and then led wire-to-wire so it might have just been for the better that he ended up ended up and now he can just go with a better better progression In the last couple of little notes that had just updating the three year olds from the other day was Tis the laws just sort of marking time at meadows. You work in easy half Last weekend just to keep him fit. There's obviously no race for him at the moment. But they're not it's not like they're going to turn them out And then Max Steel Breeze. Last weekend keenum was his first work and In about a month and keeping other horse that take a long-term approach with once the Derby got postponed. There was less need to try and push on him to to make something and now they've got time to get you know few races in and then make September fifth date so those are some of the things that are went on over the past week or so with the the dirty prospects. Well and Arkansas Derby ship forces you know heading over and Starting to look forward to that That'll be our our first Saturday in.
"steve anderson" Discussed on SuperTalk WTN 99.7
"Chief Steve Anderson told reporters in them given the physical location you got a river you gotta initially so would be very easy to secure that printer you know have we been notified of this police department number five and not only that you transfer or support you know control officers couldn't set up a perimeter and then we get to do conducted a detailed search please do say they believe the teens may have had help once they left the facility stay with super talk twenty nine seven W. T. and for the latest on the story and I need to repeat to their mugshots the teens mugshots are on our social media pages so if you see them or if you have any information of where they may be please contact police Republicans of written over a bottle of Democrats allegations that president trump abused his power in office on Capitol Hill Manu Raju says the GOP report comes two days before the house Judiciary Committee opens a new round of hearings a hundred a twenty three page report essentially rebutting the democratic allegations that the present abuses office engaged in bribery and is handling with Ukraine double the Republicans are saying that everything the president did they had a reason they're saying the president was within his rights because of his concern about the history of corruption in the country this is the present did nothing wrong in mile after nearly two years of attacks by president trump former FBI lawyer Lisa page speaking out for the first time she gave an interview to the daily beast in center per personal opinions had no bearing on the course of the Russian investigation she said the repeated attacks on her by the president workloads sickening timing not politics the reason being given for Vanderbilt not showing up to be honored at the White House on Friday Washington post is Vanderbilt declined the White House invitation to join teams at the November twenty second college champions event opposes a vendor bill spokesman issued a statement that was because of long standing travel plans to get student athletes to return home for thanksgiving instead of the Commodores Oregon state's twenty eighteen champion baseball team went thanks to an anonymous donor can weaver W. T. N. near that's the latest news it's brought you by staples traffic and weather next did you know most chronic back problems are caused by compression from the dispute coming that are in there as we get older hi I'm doctor Martin off of disorders of America gal to if you're suffering from back or neck pain don't go too painful dangers of basic procedures in fact if you have an MRI scan of.
"steve anderson" Discussed on Thoroughbred Racing Radio Network
"The sport goes forward But that aid metality seems to be changing particularly in California. Well certainly someone like Dr Ferraro. A I would think Steve to some degree given the concerns about governor newsom engineering a A wholesale takeover of CHR Ferraro feels like a an individual vigil. That that will have the respect. And and have a working relationship unapproachable relationship up Seems like a a a pretty pro choice given the situation. Let's see how that plays out over time. I agree you know he'll be. They'll be tested immediately in in regards to the weather conditions at Santa Anita the issues related to field sizes and the number of available horses in this circuit which is down from last year and might fall fall further Over the winter depending on the number of people that base here or others that might be attracted to racing such as Oakland Park. So there's a lot of issues on the horizon and other than horse safety that will affect California's performances in product that that the racing looks like you know whether that appeals to betters nationwide or just the people who like to come to San Diego. 'cause if it's you know it's you and it's it's you know it's aesthetics and there's a lot of things going on in the state that That lead into that and and for our will be at the front of that as you know. Executive Directorship is is a volunteer position and a fulltime job at the same time. Steve Steve Anderson. The the the only other thing I've got I've got ask are. Are we having A. I haven't checked the calendar. Do we have a few thirty starlet champion of champions doubleheader no Let's see here. We got the trials for the fraternity Sunday night. There are twelve of them and a and then those students on different weakened this year being big reasons the styling and those fraternity are on the seven and then the big quarterhorse weekend is the thirteen through fifteen at low sound southern cal Derby on Friday the Champion of champions on Saturday and flash enrolls in that because she won the Super Derby against she'll go against older horses for the first time lovely filly and then on Sunday the fifteen is the two million fraternity which will be Edberg Edberg Arts final. Paul Wow yeah. So he's GONNA retire after forty year involvement in various capacities and in as an announcer for more than thirty five years and macaroni will replace him at the end of December and But birds retiring at the end of this meeting as the race caller and That that is December fifteenth. Let's the two million Paternity nights so it should be quite good. We'll find out on Saturday Sunday night this weekend. who has qualified five ten fastest times from twelve trials. So that is a kind of a different kind of fun. Way To spend Sunday night keeping up with the trial racist absolutely league and We'll get ed we'll get it on Before that weekend. And of course Ed ed somewhat of a Hyman Roth Retirement You know he's been retiring from the same job for seven or eight years Right he threatened to retire about five five years ago and then he said he was going to do it. Two years ago and doc on the track owner talked him out of it for another year. And I think this is GonNa be the final call and managed to stay involved as a line maker because he likes to keep up with the racing so you'll have a role in the game. He just won't be the voice of the racetrack so that'll be go to send him off into retirement and he'll be he'll be missed because he he's you know one of the most iconic voices in racing Jason and Certainly the voice of quarter horses in this country very much so And we'll talk to add before before he calls it quits Steve. This was wonderful. I greatly appreciate it and I will see you right. Also you the Starlit let And and see thirty should be good racing up there those those those weeks Coming into the the the forming threat. Low sell for two weeks and that's usually a meat but does pretty well field that has in the past and the weather remains cooperative. It should be a good little Short little maintenance one to look forward to absolutely always always looking forward to a chance to visit with Steve Anderson Who does such a tremendous job for the daily racing form? Steve have a terrific thanksgiving. And we'll see you in a couple of weeks. Thanks again Steve Anderson with the coverage not just of the C. H. R. Meeting but also Far Heen with his exploit at the almost age of twelve amazing and I knew that would love talking about that and I have really come to enjoy that that low south weekend and Rick Camberley standing by Have already there. We go perfect the hammer. Good morning. Good Morning Good Morning. We're back. We're back in the old spot cleanup spot for the week love it. Ah Well you've got you've got some. I think some kind of a treat for everybody. So we'll We'll fold in ahead of the symposium will we'll also fold in a little student visit but first of all catch us up on on on the week for you. Well I'm I'm going through a little problem. Not Quite as bad as yours. Pretty funny I'm Someone actually sat on my glasses and and those those of us that have glasses no that that's sickening sound and I said no big deal. I got a spare pair. My spare pair. Her is like a million of something off of the normal pair. And I've been like you know the roof Spin Vertigo. The whole deal I'm actually driving home tomorrow to get my spare pair long story but now I found my old one and I'm I'm taped up like buddy holly and I better but take the lap. I think I'd I'd like an ideal but you know what kind of wild almost been one year that I made my departure from Santa. Anita was You know unceremoniously kicked out the door but It's hard to believe that it's been a year ear already and a lot of things happen between then and now and Patriots has been fantastic. To tell you the truth. You know who is who thought that. Say you're later later. After a Lotta travels in things that I'd be I'd be back in Tucson Arizona you know helping students On underway like like Guy Guy was so It's very cool and It's been a great year. I've been all over. The places is that you know from some of the shows but but it's kind of neat to end up here and You know time time flies when you're having fun I can say that so I've actually had said some fun and I want a couple of things that I made some notes on earlier. I love and I know I'm not the only one love hearing from these players the contest players and not just is hearing from him but Hearing how they they make decisions on the fly and during the during the contest and Dick Dick's basically telling everything that he did. It was going through his mind and You know just listening to To Brad here a little bit ago and I've concluded these guys are just like they just got moss wave. That's all you know. They they they send it in When they when they got an opinion a lot better than most of us do so? It's it's great and I think this is what the contest of dine out there. It creates a lot of come rotary and a lot of cool stories that That people can tell and and I I'm actually GONNA plan on playing in one here not too too long in the distant future. 'cause I enjoy the I enjoy that part of it so it's actually really cool to hear these here. Everybody talk about it and talk about how they bet. I think that's more interesting than anything and That was cool and One couple more things that I notice you you had a you had a Howard stern moment earlier in the week with you know what I'm talking about? When he was a little bit crazy was married to his first wife? Alison She would somehow once in a while. Get through get through Baba boy onto the phone and he wouldn't really know it and then he would get a little upset but tina call the other week the other day and I cut you off guard and It was pretty cool because I take the audience recognizer voice for before you did and it was a good little exchange wishing you happy birthday in all but I I immediately thought of Howard back back when when else and used to call me and then he's you know anyway. It was very very very cool. Because you you're the Howard concern of that of the new century as far as I'm concerned It was pretty good parallel. Because in fact I at I I part of it was Deja being mysterious about. She just said you've got a surprise call and I think you should take it. I'm like why this is sometimes you. You know you don't know it it we've had we've had moments where that the wasn't such a great idea doesn't turn out so well exactly. That was good so I wanted to say something you had. That really caught my ear. And it's kind of a weird deal yet. Dick Powell on the other day which you have Dick on all the time. And he's he's great to listen to and lately he's he's been doing his you know Asian report where there's in Japan or Hong Kong. And and doing that. So I I have it on and I you know. I don't play that too often. Although I have been implant a little bit at night I gotTa admit Gets lonely out here in the desert but anyway you guys started talking about the new Coalition and it kind of went off of tea a little bit and they're talking about the leadership and this and that ad and Dick made a comment that I don't even I don't know if it hit but it hit me and he made something that something about a commie brought up Brian McGrath Who is one of the early quote commissioners and he came and laughed and never heard from again and they brought up Tim Smith and he came and left and then heard from again and he made some? I try to get the replaced. Where but I couldn't get it? But he made some comment that you know he went away you no we find him showing up somewhere. Because you know that's what he does he's a racetrack on it and it just hit me like wow of course I want. I want to raise tracker tracker leading me. I don't want I don't want some guy that comes in and he's one and he's done in these gone and never hear from him again And I think of some of the leaders there's that we've had over the years locally Certain places that you know who are these people that show up to lead and they go away and you never hear from again taking well. Why would these people are in the first place and it just Kinda hit me? I've been through a few of those in my time and You know as we go into maybe some new leadership internship opportunities here for the game with a you know not necessarily commissioner. Maybe a commission or some type of leadership group. I don't want someone in done guy I want. I want but somebody that's got dirty in this game before and that's been around you know left a few places in gotta show up because that's his life or not you know her life. Ah Racing so it just It hit me because I've been I've been through a lot of these one done fired out gone guys that you never hear from again and Anyway I I don't know if it just struck me as like wow you know. Let's not do this again. And just have have a so-called suit come in and you know. Oh He's going to be our leader and it's like who is this guy and Anyway so I think Dick for like get me fired up for that and I ooh that we we we as a group as an industry decide on on some people that You know our our racetrack that are into the game and this is what they do. You and I think better decisions giving made that way. Well just just by what I just said. TWO MINUTES AGO to Steve Anderson Regarding somebody like like Dr Ferraro I think that has to be somewhat. Yeah somewhat a concern going in as what was going to happen with C. H. R.. And we'd had that you know the last couple of weeks we were having that discussion. I brought it up with Alan Foreman. How do you? How do you approach that question about people that don't that aren't going to have conflicts of interest but know enough enough about the game and had experienced so that they can really understand the core issues I mean and that's a that's a challenge And each jurisdiction has has handled it differently. It I mean historically New York it's been a political football a lot of times and it and and it's created negative adversarial kinds of scenarios So I certainly understand that But you know it's an I think I brought it up to thick that Historically you've gotten different kinds of people from outside I d industry depending on what the perceived immediate needs of the of the industry were at the time I I you know I it was. Steve came on and he talked about the CHR. BVD I missed a little bit of his talk and Is is a little bit like a Town Hall Assembly Gone Awry that some point in their it You know I know there was a lot of people looking for some direction to come out of there. I don't know if they found it I do agree that that Dr Ferraro is probably a good choice because he does have the background in in the game and he's not someone that was just appointed from you know director of You know Ford Motor Company type. A Guy And so I think that'll be good. I I lie and I'm sitting here with Alex..
"steve anderson" Discussed on Thoroughbred Racing Radio Network
"With the conditions of the racetrack as the day unfolds. How much weather is expected during the performance of the card itself and other factors but there was discussions during sandy his license application that when there are wet conditions Just plan on going home. You know the idea of all day long just see of slop. They'll seal race track. Those are going by the wayside you know so the California has another winter like it did in two two thousand eighteen two thousand nineteen during that season They may have significantly fewer racing days depending on during the during the January February period. Read just depending on weather conditions. Then there's been times in the past when during that same too much. It barely rains it all and the state gets stuck in a drought. So you know. Delmar didn't run yesterday. They elected to to not take entries for that program last weekend because they projected that he would get rain and that area did get more within an inch of rain on Wednesday and early Thursday with a lot of standing water in the parking lot at dillmore yesterday so now perhaps that perhaps that was the right call in so much as it would have been altered program as is today's and might not have been very very much of a good looking program mentality racing. Is We just go forward no matter what you know unless the weather is just atrocious or dangerous you know. The sport goes forward But that aid metality seems to be changing particularly in California. Well.
"steve anderson" Discussed on Amazing FBA
"They come up with the process on a set of people who are really good at creating a prototype days and then so saying and then getting its market so everything is the process driven. So I really like what you said an idea factory. I'm that's there's more or less what I try and turn people into people come to me when they first went to quit and I'm in business and they want to know what the killer product is. They should sell say like I. I can't tell you off offhand what I would be because it depends on you and you us what I need to do is teach you the scale of figuring out what you know but another people and then how to turn the product ideas how to turn the product. Today's into physical products to sourcing and how to launch those which is not the harvest so in other words trying to teach people how to create the unique business And if I give you a product it's no longer unique. Everyone else is doing the same thing with the same tools. In China. You're competing with big Chinese factories. And I figured done for I think that the whole art to figure out your own unique style because otherwise there's nothing you have to offer the evidence doesn't get exactly and this is not a sort of a self actualization sort of Wu idea. It's about hard cash because if you will produce the same thing else you get Tom Price. And there's no profit last. There's no profit ah if you're driving to the to the lowest price lowest margin so yeah that's not a strategy absolutely so we talked about a few basic principles just out this episode up the how would we actually apply them than in the question of you know we've said about how. How can you assess ask Amazon's opportunity? We've talked a bit about that. Evaluates risk how would we make decisions after say a year. What would your basic trustee for that? Well I'm GonNa go to again when the principles in the accelerate cycle which is Generate high velocity decisions so decision making at Amazon is really interesting interesting and again he talks about it several times in the shareholder letters wear Amazon. They really have identified two different types of decisions type born decisions. Visions are big decisions. Those are big strategy. Bet The farm type of decisions where you need to be intentional. You need to be thoughtful. You need as much data as you're able to get type. Two decisions are quick decisions as basis. Describes it these are the kind the decisions that we can make and walk through the door of whatever. That decision is an Australian. Look on the other side and don't like what we see. We can turn around and come back. Those decisions are easily reversible. And I think that's such a key idea because as businesses grow the decision making aching process tends to move from type two. Let's just quick decision. Let's make the get it done. Let's do it two more type. One decisions citizens were now. We have multiple layers of approval. Or you know. We have to go through the supervisor. And then the department head or whatever that structure looks like but anytime any time you slow down decision making you slow down growth and for bezos especially. That is a key way. They have continued to accelerate growth. Is they allowed decisions to be made at a lower level than most companies in that goes in this is an example wears the principals interact with each other. So they're not just stand alone but that goes back to principle one allowing people to fail at allowing them to fail in areas that Sorta don't matter because frankly if the decision wasn't a good one change it will pivot will go something do something else house and we learned from it So high velocity decision making is is a way to grow by not getting stuck in in over analyzing something in fact as says you should make decisions with at most seventy percent of the information you wish you had because otherwise you're waiting too long in that last bit of information you could probably learn faster by moving forward than by waiting. Excellent is this. This is very very good advice. In this good stuff to leave those who are thinking of getting into it with I think the difference the nuance that you've introduced here between this sort of just do it. Take Action shouldn't thing which is quite common thing on Mukasay that myself as well but but the difference between just take action and the analyzing of the death is to differentiate eight between the two decisions as you call it the type one decisions where you really should evaluate because it's betting the farm and once you've gone that you can't reverse it this is too. I really think that's a very healthy distinction. Because has it what it means is. This is exactly what you were talking about calculated risk crisis not a question of gambling. But it's a question of over unless tiny things in my my feedback is the The the biggest problem that I see with newbie would be Amazon. Saleh's is that the either never said anything because they treat tied to decisions like should I buy a thousand pounds worth of stuff after three suspending. Maybe a thousand pounds of mentoring. I'm I'm fairly cheap beds a lot of other people but it's not nothing I often will say. Look you know if we spend another three months of mentoring and it's been the anyway. Why don't you get that money out in the product and see what happens? You know it can limit your exposure but the second thing is I say that is less common almond but sort of twenty percents of people actually take the leap and buy something but quite often and this is often before they come see me. Sadly that they've spent most of that capital on one line that has worked but of course that is a bet the farm situation because if you have ten thousand pounds to spend and he spent eight thousand one product you'll betting the farm that it will work and that that's silly as well so I guess ah the solution is Find that's enough that don't matter and then get on with an aligned with the common sense approach that really works in real life. So that's brilliant to have that site one type. Two distinction remember when I was running training for a half marathon while I was listening to your book and that was a real moment. I thought that's it's a really helpful distinction so if you take home nothing else. I think that's really worth it just to flag up folks if you want to get book with.
"steve anderson" Discussed on Amazing FBA
"The amazing FBI podcast the place to be UK based Amazon sellers actually an awful lot of listeners so if you're an Albanian welcome to the show today we're all talking to you Steve Approach Amazon is also get approach for anyone who's selling Amazon but it goes bigger than as well the nice thing about Steve is that you're not Amazon sell us you have an outsider's perspective on it the last probably thirty five plus years I've women the Insurance Industry Twenty the last twenty years I was just like any other businesses looking at websites and and from the Insurance Jeff that's that's a really good question face today is actually not taking enough risks with technology developing fastest the email or websites or social or even just products and services that those who did not and certainly some of those did not we may know of our Kodak or Amazon and started doing research and came across the shareholder letters updates on sales and what we've done well over the last year but so as I did the analysis I actually realized in could identify finale is really the biggest risk for positions not taking risks correctly the sort of netflix model I e they sold videos literally physical versions of them and they miss the business so that brings us to the question that I wanted to pick your yes talking about Amazon to other people in Amazon evaluating the Amazon would you go about evaluating Hamas in his business opportunity as opposed different opportunities there but marketplace was a radical idea when allowing third party sellers to be on waiting whether marketplaces the right place for someone to access one of my principals it's actually the fourth principle that for price less than we can sell it it's better for the customer cried at marketplace was the third iteration of that idea party sellers that didn't work nobody WANNA log in someplace new are different help people think through the opportunity which is you don't that privilege but you don't have to go through the the infrastructure development customer than you might not be successful in that platform meaning you know there's but it does mean you are focusing on what's best for them be a component that isn't well understood and it it's almost fact Bezos I writes about Customer Obsession Jenner the nineteen ninety the and where they are today great okay so what I'm taking from not release the the thing a platform competing with allison should be the same thing with smart we think the opposite way round the customer benefit now the flip side of that is if you can't sell something console a Nikon PM school because a lot of people go in and essentially tried to copy what's working now that's not a bad they don't have to play by their angles all if somebody's able to sell cheaper than using up there and I think that's part of having the right mindset of yes there are you race or whether you use FBI right and their fulfilment networked buddy who wants to sell their and there's always the you go into that that's always a risk also right if you find a niche that's worth so that's the trade offs actually write the risk is balance between risk and reward I think for anybody thinking about funny because it seems to me that that's one of your expertise would what in the cat is about risking gamblers they got up business so presumably not fine evaluation of risk back to what Amazon has done and my suggestion is you experiment you terms successful failure meaning is principle number one nation that is going to be successful but they don't know for sure in fact an experiment so original was auctioned experiment didn't work failed the next iteration was business what are you experimenting with in terms of what will work or not work we'll think about Amazon I think they think of it as an inventive and innovative company so that I see as when I say the biggest risk is not taking I believe people don't fear failure by itself we L. and fall all the time but they get back up they learn and they move forward people that's a little easier to do but it gets harder and harder as an organization Taylor which is typically towards that are not used together he had absolutely having root canal without anesthetic it's horrible but actually it doesn't matter something that's growing the size of the failures at Amazon as the size of Amazon us a scale I I have a hard time understanding but the concept there is sh rush that certainly I bring you said from my background that I think is really if Amazon selling on the platform versus the how do we evaluate that risk a little compared to say on a property investments what the other classics Abbas in taking office pro today's example will competing with Amazon price that kind of financial markets stock market things like that that certainly a leg up versus it's going to get customers those kinds of things certainly the same idea with shoe make this investment actually work so I think that's that's the first you do was Helping sellers on the platform maximize will help someone new coming in decide okay where do I and none of them are are retrea right if infants risk-free the rewards return on risks right so what we're talking about here is return on investment how am I gonNa know the my return and the the benefit to the investment I might miss sold into what it is to to start run a quotes passive income based business on wrong question for an entrepreneur to do this but the other the other thing is sending in a year in a year on year then they they are not risk averse anything that you've been focused on I have before four we make check the downside meaning are there things you can put in place today if you're not doing something they think you should be doing that that's a risk so what can you do inside and knowing that going in will help you manage that a little bit better so talks about this ad Nauseam I I think the classic onset is setting up shop if not really odd which reminds you why Amazon's grab between T- but also I think ECOMMERCE businesses very very focused and that is a big risk but their entire economic life as individual that you don't have to make your entire business necessarily Amazon so completely he is most business I know that are really successful on very diversified some can look very well but it's really hard go buy a property with your arms in providence on exclaims he has a years worth about goes in the CREPE again you know they don't control much money leaving the bank right so a couple of really very kind of industrial in the next Amazon except the what you're doing is high risk and then Yuna dust just obvious but it just diversification of risk them and that's the other thing the four growth cycles you you've mentioned the there are full gray cycles at least mentioned to rate and scale again I believe any business of any size cycles and again we've got different principals in each of those as the business grows is it has gone through that initial gross stage and wants to be a sustainable through those cycles at different times by wanted to say as well that it does not given I guess this the people do that with an Amazon based business rather they get one maybe T- products out the day well you didn't plan to scale it in the first place so so that have an aggressive plan to grow their sales of the first three weeks on the platform the happens yes it's kind of that brutal so I just want to point out that the first thing is to have the ambition to grow it's not a place to just do this set set your business up and then go to the beach in Bali months-old it yes that works for twelve months then try this for four years that's what I would say thanking Okay and if if there's anything about Amazon and based on its that they think and how you're going to get there that is one of the reasons Amazon is the size and scale books to mail taking him to the Post Office for people eighty seven letter instance phrase the caught my attention early on to where he says who's who wasn't even grandchildren were years away was already thinking Swiss a longer term than I just need to make some money for the next year uh-huh selling on Amazon so in those cases they literally probably want to be thinking about what they can be posse aunts it you you can't set up a business that will work well for year if you want to sell in three about people who are new to this business owners many of whom that I know have ten the key to what you said is the really successful ones are thinking in those terms yeah I off-putting system they also you got to give you gotta leave some meat on the bonus they say when you sell it basis but you gotTa have the next ten years of growth as well right so that buying the future so in other words if you have a future you'll you'll law critic brandon sentence space like neil setting cookware products customer email lists that you have stuff that that has featured potential Zini to exists maybe for another ten years maybe for another fifty he knows somebody's new to Amazon or thinking about Amazon as a business model how would we apply the test I won't repeat what we talked about there the second principle is bet on big ideas and so Amazon prime free shipping two day shipping and and all of the other nobody could figure out how Amazon could do it so that was the second picture and then providing that as a service to others I think one of the it's completely different business than e e commerce sales really different and Amazon did with aws so one of the questions I would say is so I think there's some same there and I think the third principle in test is up incentivizing your employees to come up with better ways of doing come up with ideas to improve their piece of Amazon their process you know support third party sellers on marketplace who knows I mean breath in the culture itself so as you're looking at starting ah I think a couple of early examples with my podcast which is not Amazon based business but is sell those skills to other companies who great producing good products on Greater Amazon simply too small for them to bother for medium sized businesses but it's big enough for them to know recalled that said principal practice amick something dynamic invention raise we invent on behalf of the customer and really being new and we I think get the word invention and innovation messed up that makes it a lot of sense and these things can be quite simple by the way just I take them so with the with the costs that always back and forth with skype messages Maya Disa- Daniels it can copying basically yes and funding which it systems so jeff from their identity fiddled around with it may better so we now go to really systematize wave running the I'm really trying to get used to the quite anti in this again I just wanted to point out that you don't need to be some big complicated company to the snow is yeah works you're not necessarily the best person to innovate you had a team of thirty five people who were doing experiments and that to me nations for for a Addison was was huge in terms of coming up that led to that yeah absolutely I think what you just said creating who are really good at creating a prototype days and then so saying and then getting its you want to know what the killer product is they should sell say look I I can't tell you offhand the product ideas how to turn the product today's into physical products to sourcing and then how to launch those which is ending with the same tools in China you're competing with big Chinese factories and you're and this is not a sort of a self actualization sort of Wu idea it's margin so yeah that's not a strategy absolutely so we talked about ask the Amazon Opportunity we've talked a bit about that evaluates risk how would we make decisions is generate high velocity decisions so decision making at Amazon is really interesting visions are big decisions those are big strategy bet the farm are quick decisions as basis describes it these are the kind those decisions are easily reversible and I think that's such a key idea decision let's make the get it done let's do it two more type one decisions anytime you slow down decision making you slow down growth and for Bezos our level than most companies in that was in this is an example fail in areas that Sorta don't matter because frankly if the decision wasn't in making is is a way to grow by not getting stuck in because otherwise you're waiting too long in that last bit of information you could probably learn the difference the nuance that you've introduced here between the sort of just do it take action eight between the two decisions as you call it the type one decisions where you really should evaluate because it's betting the farm gambling but it's a question.
Evaluating Amazon Business Opportunities
"Evaluating the Amazon would you go about evaluating Hamas in his business opportunity as opposed different opportunities there but marketplace was a radical idea when allowing third party sellers to be on waiting whether marketplaces the right place for someone to access one of my principals it's actually the fourth principle that for price less than we can sell it it's better for the customer cried at marketplace was the third iteration of that idea party sellers that didn't work nobody WANNA log in someplace new are different help people think through the opportunity which is you don't that privilege but you don't have to go through the the infrastructure development customer than you might not be successful in that platform meaning you know there's but it does mean you are focusing on what's best for them be a component that isn't well understood and it it's almost fact Bezos I writes about Customer Obsession Jenner the nineteen ninety the and where they are today great okay so what I'm taking from not release the the thing a platform competing with allison should be the same thing with smart we think the opposite way round the customer benefit now the flip side of that is if you can't sell something console a Nikon PM school because a lot of people go in and essentially tried to copy what's working now that's not a bad they don't have to play by their angles all if somebody's able to sell cheaper than using up there and I think that's part of having the right mindset of yes there are you race or whether you use FBI right and their fulfilment networked buddy who wants to sell their and there's always the you go into that that's always a risk also right if you find a niche that's worth so that's the trade offs actually write the risk is balance between risk and reward I think for anybody thinking about funny because it seems to me that that's one of your expertise would what in the cat is about risking gamblers they got up business so presumably not fine evaluation of risk back to what Amazon has done and my suggestion is you experiment you terms successful failure meaning is principle number one nation that is going to be successful but they don't know for sure in fact an experiment so original was auctioned experiment didn't work failed the next iteration was business what are you experimenting with in terms of what will work or not work we'll think about Amazon I think they think of it as an inventive and innovative company so that I see as when I say the biggest risk is not taking I believe people don't fear failure by itself we L. and fall all the time but they get back up they learn and they move forward people that's a little easier to do but it gets harder and harder as an organization Taylor which is typically towards that are not used together
"steve anderson" Discussed on Amazing FBA
"Set Your Business up and then go to the beach in Bali if you notice anyone. He has the story of doing that. You can do that for about twelve months. And then say those periods sell their businesses and then nice lovely story to tell. Look I said this out possibly incompatible months-old it. Yes that works for twelve months then try this for four years. That's what I would say so. Growth is essential so well and I was gonna say that that really points points to one of the principals it's principle five which is apply long-term thanking Okay and if if there's anything about Amazon and based on it said they think thank long-term so your point of you need to be thinking you know five years down the road where you WanNa be in and how you're going to get there. That is one of the reasons. Amazon is the size and scale. It is today and let me say that I think people forget that twenty five years ago just as us with was on his hands and knees hacking books to mail taking him to the Post Office for people who had bought these books online. He started out where every business starts out and he obviously scale but in the nineteen ninety. Eighty seven. Letter guesses phrase. The caught my attention early on that where he says you know. We are building something that we can tell our grandchildren about well. He was young. He had young kids who who wasn't even grandchildren. Were years away was already thinking thing about what he was building. He could tell US grandchildren about in. And I think that's a really support what you were just saying. You know go into this Swiss a longer term than I just need to make some money for the next year absolutely. I mean what you can do this be. Everyone's conflict about the grandchildren. I know a couple of people in almost months. You've got who like several generations in the family businesses and selling on Amazon so in those cases they literally probably want to be thinking about what they can be passing on they grandchildren quite literally but for the rest of us. EITHER GONNA sell intrigues time. That's fine you got a three year horizon maybe five to be safe but let's not the same as three months. I mean and it you you can't set up a business that will work well for year if you want to sell in three his even that is not that long term. But it's longer than most people think. Trust me those. Most people have excellent ex- twelve months and then after they really doesn't know what the day might say something about people in Utah w these business owners. Many of whom that I know have ten Nia plans in fact yes it sounds crazy but they do and they've got cash flow projections for ten years. I mean this is not common but the really successful ones they have it. I mean the United States. That's the key to what you said is the really successful ones are thinking in those terms. Yeah I mean even if you're going to sell a business to somebody okay you want to sell in three years time but the person who's buying it doesn't necessarily you WANNA sell it immediately. They may be to flip it but the chances all them we want to roll it out putting system they also. You've got to give your leave some meat on the bonus they say when you sell it basis but you gotTa have the growth story from the past but the only reason a new incident is the story of the future. So you've had three years of growth great. Why instant not that they? Because it implies you're going to have the next ten years of growth as well right so that buying the future so in other words if you have a future plan it made more sellable on granted it's got to be based on real past numbers Yukon on just history. But there's GonNa be trajectory if you're building into the business that you'll you'll law critic brandon set in space like Yo setting cookware products so you gotTa have a brand where you could cross sell upsell people you have the possibility of crazy Suite of products the creating you have Customer email lists that you have stuff that has featured potential for expanding the Business Yonsei really thing that people may stop it just because you're selling the business in three years time you're not selling nothing you're selling a business. The business will continue to exist. Maybe for another ten years maybe for another fifty he knows. I think this is really the key. So let's get back into your your long your growth cycle. So tell me about the test cycle I how do we. How would we go about if we apply that to? Somebody's new to Amazon or thinking about Amazon as a business model. How would we apply the test cycle to the Amazon business model? Well we've already talked about this a little bit when we talked about a successful failure because that's principle number one and the first principal on the test cycle and so I won't repeat what we talked about there. The second principle is bet on big ideas and and basis identifies in the shareholder letters. Three big ideas Amazon. We've talked about one which is marketplace. The second big idea is prime so Amazon prime free shipping two day shipping. And and all of the other stuff you get with prime membership and again prime was very controversial and Very much nobody could figure out how Amazon could do it. So that was the second second big idea. The third big idea At Amazon is Amazon web services so taking what Amazon learned about managing their own computing infrastructure. Picture and then providing that as a service to others. I think one of the keys there to think about is okay. If I'm going to be selling on Amazon. Are there other things that I could do so. Aws's agreement sample of completely different business than e e commerce sales sales and there are very few companies who successfully create a whole secondary or different parts of their business. This completely really different and Amazon did with aws. So one of the questions I would say is okay. Are there things that we can do as that to diversify that risk right so now. I'm not completely betting on just one stream of income so I think there's some same there and I think the third principle in test is the practice dynamic invention innovation and again. I sort of spur talking about this but the key there is how are you incentivizing incentivizing your employees to come up with better ways of doing what you do. And I think that that's a continuous process. Lead Amazon and in fact every employee is expected to come up with ideas to improve their piece of Amazon their process. This whatever they're responsible for it at that could be a website but Koehler. That could be a simpler way to do you know support third party sellers on marketplace out. Who knows I mean? There's literally thousands of different things that they come up with. But it's always is coming from not department But with end the culture itself. So as you're looking at starting you. Are you going to be able to build a culture like that or is it just GonNa near ideas. Frankly that's limited. Even I don't care how Spring Yard that's limited. Yeah Ah I think a couple of elite examples with my podcast which is not Amazon based business. But it's derived from it so I guess the aws would be maybe convenient cost training. Lotta people will develop scale of signing their own physical products and then sell those skills to other companies who great producing good products on Greater Amazon. Listen and also and critically on interested either I mean they. They aren't sitting the sales but they don't want to develop their internal department. That's dedicates to Amazon. Because it's simply too small for them to bother for medium sized businesses but it's big enough for them to know that they're missing out on some money and if you can step in off those skills quite a few people offer an agency talk services so that would play idea of aws. What was that? What did you call the principal? Practice amick something dynamic invention Don anonymization nine invasion okay. Those are very specifically chosen words because basis uses throughout the letters this phrase raise we invent on behalf of the customer and really the concept there is. We're not we're not looking at what the customers are asking us to do. We're looking at what we can do. Better for the customer and so that's invention that's something new and we I think get the word. Invention and innovation messed up. The innovation is taking something you're doing and making it better so the actually the process is experimentation invention in Dan innovation that makes a Lotta sense and these things can be quite simple by the way. Just not sure that even in Tennessee culture of this originally but I do now which is to say a few highest mountain of people. They'll make your purchases better because they'll get fed up with working stupidly Themselves with the with the podcast that always back and forth with skype messages. Mighty Sit Daniels. AH IN AMERICA AMERICANS often greater innovation. I think at the famously pod the culture I think possibly more than a Europe will more here than in the Far East where it's more about com it can copying basically yes and funding which it systems so Yeah that does any. I hadn't experienced where Donald you said. Okay I've set up an ad table label which is a form of Right toss management and I filled it in and from there then fiddled around with it and maybe better so we now go to really systematize wave running the pro. The price of the PUCK US which was led not by me but by the person doing the sort of shop and the work now with an assistant. I've got in the Philippines I'm really trying to get used to the quite anti Filipino. And Anti Asian idea of I'M GONNA ask you to a rough draft of this and it's wrong and then I'm going to edit it. WE'RE GONNA put it out there civic works and say it's this again I just wanted to point out that you don't need to be some big complicated companies to this approach. It can work in a very small scale. So I'd absolutely agree that has really really helps. Because otherwise you'll just dependent on you being genius for inventing things and often the snow is yeah works. You're not necessarily the best person to innovate you. And I talk about Thomas Edison Thomas. Addison obviously usually known as a great inventor you know over a thousand patents to his name but he had a team of thirty five people who were doing experiments and you know that to me is the model and I call it. The the idea factory right pat. How eight of kind of assembly line idea and experimentation nations for For a Addison was was huge in terms of coming up with a final white ball phonograph. Or you know all of the the things that he's known for but those were you know hundreds of thousands of experiments that led to that. Yeah absolutely I think what you just said. Creating of innovation factory is when I look at the really successful albums and businesses more or less. Exactly what they do. They don't come up with a put out..
Jon White, Jeremy Plonk
"The John White Theme Good Morning Good Morning Steve What that song reminds me that after the holiday week of racing insane the need the last two yesterday one of the things I have to do today is change order boxes so it we did have holiday raising I really haven't talked much about yesterday of course the colon for McLaughlin and the Knickerbocker I needed did not have steak action but on Saturday and the staff the CAL distaff just grazed me Nick Alexander there is again can't say no and Giovanni Franko for Phil D'Amato and then Likud won the Nokia on Sunday Peter Miller do but really I think honestly the most important performance of the weekend it's Anthony's gotta be honore p very impressed of wind and of course anytime I see on spring of Hollywood story I immediately think Hollywood story in the U. R. and looks like Hollywood story multiple grade one winner has produced a very nice two year old here orig- alling by honor code a grandson of Eight the and the and boy you know I was extremely impressed with that debuted run sprinting boy you could just really see the tip of the iceberg there and they took their time with him didn't rush him back off and stretched out which it looked like was is GonNa be something that he would really like and I was really impressed by the fact that in his debut he was so far back early this time he came out of that gate and came out very nicely very professionally really and it looked heading into that clubhouse turn Smith really would've preferred not to even beyond the lead but he couldn't help but that honor ap just wasn't like he was dragging in there or anything but Smith wasn't going to restrain them to take after lead and for him to come home as nicely as he did I mean he just drew off so beautifully in the lane and gets a ninety one so he goes from a seventy-seven debut to a ninety one Steve Anderson and the racing form does such a good job Reporting that I once did here in southern California for the D. R. F. He pointed out that that was the fastest time twelve racers at the meeting one mile on the main track so far as ours the Rod Time One thirty seven point ninety four so you had mentioned text immediately after the race you thought would the Los Alamos dirty make cents Steve Anderson also reported that that that is exactly a race that they are contemplating for honor AP and they did say no Breeders Cup for AP so they are thinking of the Los Alameda teary just seemed to fit wonderfully from a timing standpoint and they're racist really been so good through the years as a springboard into three year old campaign so it looks like really bright future here for trainer John Sheriff as one of the best trainers I've ever been around and it looks like he's going to be really primed on the Derby trail here with honor. AP Well we talked last week to John and I I've actually I'm kind of glad that we connected weeks after my initial I think it was in September at the end the Dell Mark I reached out to John a couple of times and we just didn't connect and and so then then that morning last week these he responded he said sorry okay all right if you insist and who is tremendous and he's he's you know it's funny there's there's there's so many of the horsemen visits that always seem to resonate and John's a on that front shug how about Barclay tag last week too me Barkley I thought was really informative and insightful ban that was just fantastic and another you know to me positive sign coming away from this Andre p performance you know that was pretty highly regarded race and terms of prospects there's magician finished second for Richard Mandella and you look at it and say well yeah he got his clock cleaned getting beat by a little over five lengths batismal suggestion was over ten lengths in front of the third place finisher night race and as I say it was not considered a week race going into it so it's just further evidence Inste- to me that what we very well are dealing with here with this honor Api just he he's he's the kind the two year old to me that it's just so exciting yeah now this is what this is what we're after a you know once the summer and they start to they start to parade through we get to this juncture and it starts to get you know starts to get interesting we from standpoint John I I one other thing I think I I'll slip any or as I look at yesterday's results the the natural the hat trick for Doug O.`Neil yesterday the fifth sixth and seventh race and for those that heard me last week I think on Friday I'll just keep reiterating that Doug O'Neil deserves the absolute two hundred percent support and appreciation of the industry a he more than any one individual from a from within the industry has been leading this you know these these proactive don't WanNa call them protests so much as considerations and rallies before big days at at del Mar and at Santa Anita and With the help of Oscar dilatory I I cannot congratulate and and voice enough support for what got is is doing and so for him to be rewarded On the Karma Front as as hammer famously refers uh-huh King and the Good Karma swinging around the Doug Right now also got a mention it looks like a step forward it a for a three year old Samantha Segel's Quality Road Philly that was bred by Martha Mohammed that's Road Ranger looking for sure in that race and you mentioned neil you know he's always been such a terrific ambassador for our game honestly you know you think of the controversy that was involved back in the day without having another in he handled all that I thought extremely well heading to the Belmont and Gee what a disappoint many and I really think I'll have another I had a fee after the Kentucky Derby I bet on him to win the Belmont stakes in a proposition in Vegas where they say will there be a triple crown winner yes or no and this was before the preakness but it was after the Derby and he was such a low lightly regarded horse he in fact he of course wasn't even the favourite in the preakness boaty meister was and then headed to the Belmont was the most lying favorite union rags who won the race but considering the final time and so forth I just really feel if I'll have another had had his chance if he would have won the Belmont but well never know that but like I say such a disappointment and both Doug O'Neill and already handled that with such class and You know I remember being up at Emerald downs in the early two thousands for the lawmakers Mile Pacific Northwest West major race and I was there to do the the Fox North West Telecast along with Joe with the and and others and I remember that Doug O'Neill was sending up a horse from southern California for the race by the name of Scott Hi Jack had actually he won the race broke the track record and Doug O'Neill actually gave me the two French shoes that skyjacked war in that race and but I remember the people at Emerald the in the publicity department especially saying do you know this Doug O'Neill from southern California said well yes of course I do they said what kind of guy is he I said believe me by the time he leaves here are you everyone here at Emerald will love this guy
"steve anderson" Discussed on Mindfulness Mode
"People can use and speaking of tools and speaking of health helping you help so many people with all of your hacks in your tools that you make available through well when you post on linked within its available. It's available on your website. Steve Anderson Dot Com. Is there any place else we should connect with you. Steve so Steve Anderson Dot calmest. I've had that site since the late ninety s and that's where you'll find a lot of those tools and tips. I've a weekly newsletter that I send out is just one idea one tip one website something it has been in the past a bit more focused on insurance. That's probably going to change a little bit and then the book the Information About The book doc is at the Base Os letters dot com and you can get lots of information about the book and if you preorder if you're interested there are some bonuses that are available for reordering as we try and get the word out about the book so the website is the Basil's letters. Here's DOT com. Check it out. Yeah check it out. Are you going to be going on a book tour Steve. We'll be doing a actually a virtual book tour so more radio so again. Karen being in the Book Publishing Industry the Physical Book Tours have become more impractical and but yeah we're GONNA do radio tour you were in a number of things there and as I travel will be setting up in various cities book signings at local bookstores. We we really it's it's sort of funny to have a book about Amazon and I really want to support the local bookstores so at and I actually believed the local bookstores have a lot to learn from what the Amazon is done to improve their own sales well. I totally enjoyed this book. I highly recommend it. I think there's so much to learn between the covers of this book so so yeah check it out the Basil's letters dot com and Steve thanks so much for being on mindfulness mode today bursts. It was a real pleasure talking with you all the best to you by now. Thanks so much.
How Stitch Fix's CEO Built a $2 Billion Company
"The idea of such facts was one that I also tested and explored and the way I did that was what was your idea. The idea was does how can you I mean a couple of different theses so one thesis overall was just like more and more dollars are moving to ecommerce stores like this is the method I found was super compelling for my consulting was dollars are leaving stores going. ECOMMERCE as dollars gradually leave every one of those dollars hugely hurtful to a store or is it loses it because all of a sudden you can't pay rent. You can't pay our people and so you know like ten percent. Fifteen percent decline in your store volume can kill a store and ten or fifteen percent. It doesn't seem like all that much and so there's this kind of like death spiral that I kind of anticipated would happen with stores and Netflix and blockbuster is kind of like the best example I fit like even if thirty percent of the people in your town or using Netflix and seventy percent of the people in your town are going to blockbuster like that blockbuster probably can't make money on the wall. The death spiral component of is that one blockbuster closes and now the seventy percent of the people who lived in that town have to decide. Do I drive ten miles to another another blockbuster try. This netflixing thirty for the minority of people in my town are are doing now is probably a big conversation at that time because Netflix was killing blockbusters clusters. It's fascinating so I expected that would happen in retail apparel stores and then on top of that. I felt like there was this massive de personalization Asian of I'm retail that was happening. which when you're buying toilet paper iphone chargers or diapers is fine you don't need that to be personal but that totally ignore your this category of apparel which is like deeply personal and deeply nuanced and our product categories that are super emotional like you're not kind of emotionally emotionally buying a box of Kleenex but you are very emotionally buying that blazer and so I felt like all of the emotion nuance had been stripped out in in ECOMMERCE and that that wasn't the right approach yeah so the idea was how can you deliver a really actually personal experience in apparel and use data and technology to make that scalable in to make that better but why I mean? Why wouldn't you just you know offer a AH bunch of options and just let people kind of scroll through. I guess the the beauty of online shopping's that time was you know just infinite choices right you could just scroll through and find the thing like yeah and you know. I think for some customers that they want to shot but like I'm five foot two and so there's a whole world of apparel. That's like literally not relevant to me just simply because they're not. GonNa fit because I'm the wrong height and there are things that you know if you're living in California you can gone homepage and they're trying to sell you. Kashmir mittens and it's like that's totally irrelevant to me. So if you peel back like what stitch fix does it's like yes like if if you could instead of going to a mall all day or instead of spending you know your entire evening with thirty browser tabs open to try to compare and contrast different genes you. WanNa buy if you could get a box sent to you that had two pairs of jeans or even better one pair of jeans and they fit you great that an infinitely better experience than the other alternatives. That's out there because you have this idea about like I. Business where I guess you would send a subscription box to of close to people but how did you the hedge even begin to think of a about how it's going to work. So the way it worked was basically I would have friends of friends. Fill out a survey and you would let me know what size and style what things as you like what brands you like experimenting this point or had you already formed a company named Issa. This is in two thousand ten experimenting as a student essentially writing to other friends and students in Boston and that was the benefit of being in Boston. Choose like I didn't really have that many friends in Boston and so it was easy to meet strangers and so one of the things that I needed to prove to myself was like it wasn't going to be scalable for you to tell me Okay on these are the seven things I want and then for me to go buy yeah those things like the math doesn't work for that to be scalable and so you need to have a set of inventory you're working from and so I was buying inventory at retail from bootexe in Boston and I would keep track of like do they have a fourteen day return policy or thirty day return policy and then I would use. I was making any money doing this but I would use that as my inventory Tori so that when somebody would felt their profile I would then put together a box of things that were relevant based on what they shared in their profile and then they would try things is on and then if they wanted to buy things they write me a personal check and I would sell it to them and if they didn't want to keep it and if I ultimately didn't sell it within my fourteen day turn window I'd go and return to the boutique by the way. How did you buy all that stuff? I had a credit card of the six thousand dollar limit on it and you would buy them and then sell them limited markup. No I was just telling the price I wasn't making any money. I just wanted to have sees it would work yeah well and how many friends were in on us at the beginning. I do not. I don't know maybe twenty twenty. What did you find from this group of Twenty people. What did you discover. I discovered that the the you actually could learn a lot from somebody. I think there's just as thesis around like. Do I have to like be with you in person to understand your style and who you are you that the survey and like I felt pretty confident like you could do survey there was a number of items thing I started out with ten items and the reality was like people weren't GonNa try on ten items. It's a lot it's a lot of work and you're just looking at something in your now. There's no way I'm going to like that and you. Just don't try everything on and ten was too many What else did I learn I think I learned the brand thing of I didn't you know people were actually surprisingly very open to buying from brands that they weren't aware of and in fact found some value you in finding brands that they wouldn't normally have found on their own. So when did you pull the trigger and say all right. Let's let's form a business. Let's I was getting. Llc Go and let's like make this real it was we didn't actually the company wasn't formed until February of two thousand ah eleven but I kind of became all in on this and not other concepts. I would say like late two thousand ten so when you when you really really kind of like got this going and at that time it was not just you write it wasn't you're not the only one involved the company. I edit co-founder at the time she was the wife of my friend from college and so how are you you growing this business and also being a student. I scheduled my classes that they were a lot. They're all lumped together. In the middle either in the middle of the end of the weekend did something with my scheduling that enabled me to be able to spend almost a week in California and so in January and again in February I spent almost a full week out here and what I would do out here was meet with Angel Investors and on Valentine's Day of two thousand eleven. We got a term sheet from Steve Anderson. Instead Anderson is an investor that you met through other people and he gave you how much money they give you. He gave a term sheet for half million dollars and then said now go talk to other angel investors and try to find others to join the round and then probably talked to thirty other people who said no ultimately even though he had hardy said Yeah Yeah I mean in that in the sort of winter and spring of two thousand eleven when you you took the research that you gathered from these twenty people in you went and to meet with investors and the Silicon Valley did you just you show them this data and you should see. I tried this on twenty friends and this is what we found right. I mean you can understand you could understand. I guess why they might have been skeptical. Oh totally yeah no I would come in and I'd say like you know here's the Beta that I did with like twenty people and here's how I think the business model shape up and like I would would bring a box in and I'd say like here's an example of a box with like laminated cards and you know the box was like all that nice looking like it's not like I had spent any money on branding or anything and at that seed stage like it was a hundred percent justin idea and explain how you explained what the business model was at the time because I just to clarify stitch fix today you sign up you pay twenty bucks a month. You get five items sent to you every month depending on your subscription and if you buy them all oh you get a discount and if you return them all that's fine it's free but it's twenty dollars a month essentially for a personal stylist right yeah and it's twenty dollars to be very clear. I don't have to do it on a monthly basis quarterly. You can do it all a car like you. Don't you don't need to commit any timeframe but it is every time you get a fixed. You pay twenty dollars styling fee. The twenty dollars ours is credit towards anything that you choose to buy but the heart of it was really this like we're going to buy inventory. We're going to get to know you become experts on you. Clients and we're GONNA become experts on the products and then we're going to generate really great recommendations at the intersection of those two things but buying inventory. That's that's that's a big investment right. It looks like what we did and what we did that and what we do now is like we're like a department store by the yeah exactly and so when I would go and raise a half million ars from Steve Anderson like half of that was literally going to buy dresses close and venture investors hated that and not only would they've hated that but you you if in your business model you said we're GONNA personalized as we're GONNA have human beings involved in picking stuff. I mean venture people. They don't like to pay people like they like companies that that are like user generated content or they like helix free. They don't like to pay for human resources right. Yeah people said like this is going to be an inventory. Tori nightmare like and it was good feedback because ultimately inventory like we are very good at managing inventory and we have to be in our model and and you know people saw that and people were skeptical that you'd be able to execute over that period of time when you're trying to raise money and all everybody essentially except for Steve said no so was that demoralizing disheartening. We just like yeah. Whatever I'm you know water off. A duck's back knows both you just you had to be able to have reason for confidence in what you were doing regardless of what venture investors thought at the moment and so like you did have to have the skin about it and you did have to let it be water ducts back but at the same time while we were doing like nobody else really doing it for like a very long time and when you're doing something that nobody else is doing you are either the smartest or the stupidest person in the room
"steve anderson" Discussed on WDTK The Patriot
"That's correct there's steve anderson and then myself and my husband is well and steve's wife stephanie anderson as well well let's do this why don't you for the audience just sort of lay out some of the stuff that as an ambassador you've been doing and how you're helping other people get together for events and what kind of events that you put on sure well steve anderson and i recently right before easter we organize an all member level get together in temecula california and we had the preferred numbers and just at all levels come and steve and andrew went over some of their passive investment at that luncheon and we were able to all get together and network and that was great and we plan on doing those all member level get togethers and luncheons every quarter and then for the passive investors are preferred investor group the pigs we call us we get together every six weeks in brea which is in orange county and we try to pick a centrally located area which brea because we have such a huge area of of members you know to cover and so everybody's traveling long distance we have oversight county orange county ventura county san bernardino county and so we try to make it convenient for everybody to meet at one area not travelling like that well it's interesting to me always has been since i started broadcasting out in california maybe you can help me with this it's not a question that prepared you for so i'm gonna give it to you let you on a per second net is i was always surprised that we had such a super high response rate from california which is a state that i believe to be liberal in fact politically tends to vote liberal as as as a whole but the thought processes the word teaching or very conservative hey guava on your own and make your own success don't wait for the government to give it to you know learn how to earn income that's non taxable which is definitely a you know not a democratic idea can ideology long so how how.