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Paul Orfalea - It’s About the Money - [Invest Like the Best, EP.299]

Paul Orfalea - It’s About the Money - [Invest Like the Best, EP.299]

FromInvest Like the Best with Patrick O'Shaughnessy


Paul Orfalea - It’s About the Money - [Invest Like the Best, EP.299]

FromInvest Like the Best with Patrick O'Shaughnessy

ratings:
Length:
46 minutes
Released:
Oct 18, 2022
Format:
Podcast episode

Description

My guest today is Paul Orfalea. Paul founded Kinkos, the popular copy chain, in 1970. He started with a single photocopy shop in California and grew the business into a $2 billion multinational operation over the course of his 30 years in charge. Paul is a non-traditional leader in the best sense and we discuss his philosophy of business building, from why your subordinates should frustrate you, why you shouldn’t love your business and tips he learned on hiring well. Please enjoy this conversation with Paul Orfalea.    Founders podcast on Paul Orfalea.   For the full show notes, transcript, and links to mentioned content, check out the episode page here.   -----   This episode is brought to you by Tegus. Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It’s all done on a single, modern SaaS platform that offers 360-degree insight into any public or private company. I’ve been so impressed by the platform that my firm, Positive Sum, recently made an investment in Tegus. We did so because we feel that Tegus will be the gold standard platform for investing research for decades to come. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick.    -----   Today's episode is brought to you by Brex. Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best.   -----   Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.    Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.   Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.   Follow us on Twitter: @patrick_oshag | @JoinColossus   Show Notes [00:02:58] - [First question] - What it was like to be a very bad student in highschool [00:04:22] - When he first realized he was unemployable [00:05:02] - The origin story of the very first Kinko’s [00:06:13] - What the ideal progression of an entrepreneur is in his mind  [00:06:57] - Recognizing real customer problems and what he enjoys most about sales [00:07:53] - Finding what has worked well in each Kinko’s and coaching managers [00:08:54] - Something he found that a manager was doing that blew him away [00:10:22] - Getting messages from his brain to everyone else in the Kinko’s network  [00:11:45] - The difference of working on and not in the business [00:13:22] - What he got better at when it came to managing people  [00:13:57] - Why a good salesperson will sell you broke   [00:14:41] - Disagreeableness as a positive characteristic for people in business [00:15:08] - Whether or not candor is different from disagreeableness [00:15:36] - Why he teaches, what he teaches, and his teaching style [00:18:31] - Explaining the Federal Reserve in two minutes   [00:19:47] - What students most commonly want from him   [00:20:06] - Whether or not making yourself inaccessible as a leader is good for promoting a self-starter attitude amongst team members  [00:21:39] - The story about tearing down a sign that was antagonistic to a customer [00:21:58] - The role of anger in his career and something he’s worked on over time [00:22:31] - Where Kinko’s falls on the spectrum of bad to gr
Released:
Oct 18, 2022
Format:
Podcast episode

Titles in the series (100)

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