49 min listen
137: Putting People First and Redefining Philanthropy with David Green
FromThe Lifestyle Investor - Investing, Passive Income, Wealth
137: Putting People First and Redefining Philanthropy with David Green
FromThe Lifestyle Investor - Investing, Passive Income, Wealth
ratings:
Length:
54 minutes
Released:
Jun 8, 2023
Format:
Podcast episode
Description
How do you transform a $600 startup into a thriving multi-billion dollar business that not only endures, but flourishes for decades? This remarkable feat is achieved by only a select few, and our guest on today's episode, David Green, is one of those exceptional individuals.David is the Founder and CEO of Hobby Lobby, the world’s largest privately owned arts and crafts retailer. Since founding it in 1972, he grew his company from its modest beginnings to an astonishing $8 billion empire, employing nearly 50,000 individuals across 970 stores nationwide.David’s business model places paramount importance on the well-being of his employees, guided by his unwavering faith and a purpose that extends beyond mere profits. It is this unconventional approach that David attributes to the enduring success of Hobby Lobby.A tangible manifestation of this philosophy is evident in the fact that all Hobby Lobby stores close their doors on Sundays, allowing employees to dedicate time to their faith, family, and well-being. Moreover, Hobby Lobby's commitment to giving back is truly remarkable. The company generously donates over half of its annual profits to charity, all while maintaining a strong and sustainable financial standing. These decisions not only align with David's core values but also serve as a testament to the fact that a business can thrive while remaining dedicated to its higher purpose. In this episode, you’ll learn:✅ The story of how David built the most profitable private retail chain store in the country on a $600 loan. ✅ How David, despite being a billionaire, maintains a humble outlook and does not associate wealth with personal value.✅ The compelling reasons behind David's decision to give away his multi-billion dollar company.Free GiftGet the 10 Commandments of a Lifestyle Investor. Visit LifestyleInvestor.com/137Show Notes: LifestyleInvestor.com/137Free Strategy Session For a limited time, my team is hosting free, personalized consultation calls to learn more about your goals and determine which of our courses or masterminds will get you to the next level. To book your free session, visit LifestyleInvestor.com/consultationThe Lifestyle Investor InsiderJoin The Lifestyle Investor Insider, our brand new AI - curated newsletter - FREE for all podcast listeners for a limited time: www.lifestyleinvestor.com/insiderRate & ReviewIf you enjoyed today’s episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, or wherever you listen, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review.Connect with Justin DonaldFacebookYouTubeInstagramLinkedInTwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jun 8, 2023
Format:
Podcast episode
Titles in the series (100)
020: Leveraging The Enneagram to Become a Better Investor with Susan Drumm: Today, I’m speaking with Susan Drumm. Susan is a CEO Advisor and Leadership Coach with over 20 years of experience helping C-suite teams and senior executives develop their leadership skills so they can take their business to the next level. ... by The Lifestyle Investor - Investing, Passive Income, Wealth