#179 Multi-Billionaire Marc Lore on How to Find Your Big Opportunity | Impact Theory
On this episode of Impact Theory with Tom Bilyeu, serial entrepreneur and multi-billionaire Marc Lore explains how to raise capital when you are just starting out, how to hire and lead employees, and how to make progress towards your goals no matter what you are right now.
This episode is brought to you by:
Butcher Box: Go to ButcherBox.com/IMPACT to reserve your spot on their waitlist. You’ll get an email when they’re ready to take your order.
Better Help: Get 10% off your first month at https://betterhelp.com/impacttheory
Audible: Get 1 credit to pick any title and 2 Audible Originals from a monthly selection. Visit audible.com/impact or text IMPACT to 500-500
SHOW NOTES:
Marc credits his attitude of “billions or body bags” with his success [2:26]
Tom and Marc discuss having your back against the wall and being aggressive [5:16]
Marc hires self-motivated people and then makes sure he doesn’t micromanage them [7:55]
Marc looks for traits instead of experience for start-up companies [8:58]
Never ask a question in an interview that someone could have prepared for [10:52]
People who went to really good schools have a hard time taking risk [14:15]
Marc shares the story of applying to a business school he had almost no chance at [15:48]
Marc never accepts that something is impossible unless it literally has a 0% probability [18:48]
Marc believes that you are born and raised with some traits, but most can be developed [20:19]
Marc focuses on caring, kindness and empathy when raising his kids [22:27]
When Marc was a kid he was quite entrepreneurial, and got into stocks at 10 years old [23:26]
Marc talks about why his first investors were willing to take a risk on him [26:21]
Tom and Marc discuss how to help someone build desire [27:48]
Marc explains how he deals with doubters [31:04]
Great execution is better than great ideas [33:35]
The way to deal with failure is not to dwell on it, but be objective about progress [35:49]
People want to be understood, and empathy is the most important leadership quality [37:23]
Entrepreneurs should be thinking about vision, capital and people over 80% of the time [39:18]
For core values to be core, there have to be 3 or less [41:29]
Marc shows how he raised money in the beginning [43:18]
Marc shares the impact he wants to have on the world [46:23]
FOLLOW: TWITTER: https://bit.ly/2PJmaXU
Are You Ready for EXTRA Impact?
If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.
Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.
This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.
Subscription Benefits:
Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more
New episodes delivered ad-free
Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list
You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:
Legendary Mindset: Mindset & Self-Improvement
Money Mindset: Business & Finance
Relationship Theory: Relationships
Health Theory: Mental & Physical Health
Power Ups: Weekly Doses of Short Motivational Quotes
Subscribe on Apple Podcasts: https://apple.co/3PCvJaz
Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/
Learn more about your ad choices. Visit megaphone.fm/adchoices
This episode is brought to you by:
Butcher Box: Go to ButcherBox.com/IMPACT to reserve your spot on their waitlist. You’ll get an email when they’re ready to take your order.
Better Help: Get 10% off your first month at https://betterhelp.com/impacttheory
Audible: Get 1 credit to pick any title and 2 Audible Originals from a monthly selection. Visit audible.com/impact or text IMPACT to 500-500
SHOW NOTES:
Marc credits his attitude of “billions or body bags” with his success [2:26]
Tom and Marc discuss having your back against the wall and being aggressive [5:16]
Marc hires self-motivated people and then makes sure he doesn’t micromanage them [7:55]
Marc looks for traits instead of experience for start-up companies [8:58]
Never ask a question in an interview that someone could have prepared for [10:52]
People who went to really good schools have a hard time taking risk [14:15]
Marc shares the story of applying to a business school he had almost no chance at [15:48]
Marc never accepts that something is impossible unless it literally has a 0% probability [18:48]
Marc believes that you are born and raised with some traits, but most can be developed [20:19]
Marc focuses on caring, kindness and empathy when raising his kids [22:27]
When Marc was a kid he was quite entrepreneurial, and got into stocks at 10 years old [23:26]
Marc talks about why his first investors were willing to take a risk on him [26:21]
Tom and Marc discuss how to help someone build desire [27:48]
Marc explains how he deals with doubters [31:04]
Great execution is better than great ideas [33:35]
The way to deal with failure is not to dwell on it, but be objective about progress [35:49]
People want to be understood, and empathy is the most important leadership quality [37:23]
Entrepreneurs should be thinking about vision, capital and people over 80% of the time [39:18]
For core values to be core, there have to be 3 or less [41:29]
Marc shows how he raised money in the beginning [43:18]
Marc shares the impact he wants to have on the world [46:23]
FOLLOW: TWITTER: https://bit.ly/2PJmaXU
Are You Ready for EXTRA Impact?
If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.
Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.
This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.
Subscription Benefits:
Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more
New episodes delivered ad-free
Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list
You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:
Legendary Mindset: Mindset & Self-Improvement
Money Mindset: Business & Finance
Relationship Theory: Relationships
Health Theory: Mental & Physical Health
Power Ups: Weekly Doses of Short Motivational Quotes
Subscribe on Apple Podcasts: https://apple.co/3PCvJaz
Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/
Learn more about your ad choices. Visit megaphone.fm/adchoices
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