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BOOK Shut Up and Listen! by Tilman Fertitta?

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JHZ

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Hey everyone!

I just listened to a podcast by Tilman Fertitta (self made billionaire, owner of several restaurants and the Houston Rockets) and really enjoyed what he said.I was thinking in checking out his book, "Shut Up and Listen!", has anybody already read it? if so, would you recommend?
 

Kak

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Hey everyone!

I just listened to a podcast by Tilman Fertitta (self made billionaire, owner of several restaurants and the Houston Rockets) and really enjoyed what he said.I was thinking in checking out his book, "Shut Up and Listen!", has anybody already read it? if so, would you recommend?

It is on my get it list! I can recommend based on what I have seen of him.

I know several people that know him personally. I am sure I will meet him at some point. I have always liked what he had to say on his CNBC show.

He is kind of a contrarian to what I normally preach. He is one of the very very few billionaires that did it without raising money. He used bank loans to finance his empire.
 

InspireHD

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Hey everyone!

I just listened to a podcast by Tilman Fertitta (self made billionaire, owner of several restaurants and the Houston Rockets) and really enjoyed what he said.I was thinking in checking out his book, "Shut Up and Listen!", has anybody already read it? if so, would you recommend?

Which podcast did you listen to?
 

JHZ

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It is on my get it list! I can recommend based on what I have seen of him.

I know several people that know him personally. I am sure I will meet him at some point. I have always liked what he had to say on his CNBC show.

He is kind of a contrarian to what I normally preach. He is one of the very very few billionaires that did it without raising money. He used bank loans to finance his empire.

Nice! Will definitely be checking his book once I'm done with the one I'm reading right now, thanks for the reply!
 

ShamanKing

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It is on my get it list! I can recommend based on what I have seen of him.

I know several people that know him personally. I am sure I will meet him at some point. I have always liked what he had to say on his CNBC show.

He is kind of a contrarian to what I normally preach. He is one of the very very few billionaires that did it without raising money. He used bank loans to finance his empire.

Great read. Tilman touches on many points but I was most drawn to the leadership/teaching section.
Looking forward to hearing your speech about leadership in February.
 

Bearcorp

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Heard him interviewed on Lewis Howes podcast and definitely have his book on my to-read list!
 

Chitown

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I am, literally, on page 46 having just started the section on property leases. Not an Earth shattering read but I'll say this: He's outlining issues I've had to deal with in my chauffeured transportation business that I wish someone would've pulled my coattail on, when I started the biz, years ago.

For example, issues like working capital.

I had to scramble like a madman to keep cash flow rolling when I started out. I needed reserves on hand to pay affiliates (independent chauffeur owner/operators) who covered trips for me when I couldn't drive certain clients, rent vehicles and hire chauffeurs to drive them, etc. You realize how important cash on hand, business credit cards and lines of credit are when you need to hire 20 SUV's for a movie premiere and the drivers want payment within a week.

He also touched on another issue I've put a lot of thought into: Borrowing money from friends. Hell, I'll even toss in family members, as well. I've done it, albeit, reluctantly. I've always re-paid my loans - with serious interest but I'd be lying if I said it wasn't awkward asking for the loan. Fertitta says nothing ruins a friendship faster that borrowing loot from a friend; he doesn't recommend it. With rare exception, I'm inclined to agree.

Overall, the book is a good read and I don't feel like I'm wasting my time or brain cells checking it out. Hope that helps. :smile2:
 

MJ DeMarco

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Some awesome takeaways that follow my own philosophies...

The 5% VS (the 95%), which is the opportunity for value skew...
The producer/consumer dichotomy...
Separating yourself from the rest of pack and taking personal responsibility...
Be the best at what you do, even if its floor-mopping...
Business is a sport!!

As much watch video.

Gonna buy the book, thanks for the recommendation.
 

JHZ

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I'm currently halfway through the book, while it does contain some awesome advise and takeaways (mostly the 95-5 rule and the hospitality principle), I get the feeling that this book would better suit someone that already owns a business as oppose to a newbie that would like to make the transition to entrepreneur (as for myself). I would still definitely recommend anyone to take a look at it, Fertitta does not sugar coat it, and it is always nice to take advise from a self made billionaire as oppose to some random autor.
 

ShamanKing

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I'm currently halfway through the book, while it does contain some awesome advise and takeaways (mostly the 95-5 rule and the hospitality principle), I get the feeling that this book would better suit someone that already owns a business as oppose to a newbie that would like to make the transition to entrepreneur (as for myself). I would still definitely recommend anyone to take a look at it, Fertitta does not sugar coat it, and it is always nice to take advise from a self made billionaire as oppose to some random autor.

There is plenty of advices that you can apply now in any current stage of your life. For example borrowing money even if you dont need it. This can translate to you to build strong credit and apply for credit line/ loans for future uses. The 95-5 rule can be applied to what you are and are not good at.
He talks about negotiating on leases. You can practice that anywhere. I tried it at the gym (It’s my main gym now) for a 1 week free pass and it worked. Theres a difference between being cheap and negotiating. It all depends on your purpose behind it. Also you can practice being PLAPPY and keeping your words.

For myself its more of a tool train my mentality and being able to recognize these things as I go.
 

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