Ep.556 ~ BILLIONAIRE EPISODE | 72 Minutes of Wisdom from a Man That Built & Sold a $19 Billion Company ~ Drayton McLane

Ep.556 ~ BILLIONAIRE EPISODE | 72 Minutes of Wisdom from a Man That Built & Sold a $19 Billion Company ~ Drayton McLane

Author: Chris Reynolds March 22, 2023 Duration: 1:12:55
Hello everybody and welcome to The Business Method Podcast. Today, we have a very special guest that we get the fortunate opportunity to chat with. He started out at the ripe age of 9 years old in rural Texas working at his family’s grocery business. During his teenage years he spent most Saturday’s and Summers sweeping the floors and learning the in’s and out’s of the business until after graduating college where he then worked the night shift loading trucks for a year and a half. He worked in the family business for nearly 5 decades running it as the CEO for 30 of those years and built that company into a wholesale grocery business worth $19 Billion dollars. In 1990, he sold the McLane Company to Sam Walton the founder of Walmart and became the Vice Chairman of Walmart.  In 1992, he decided he needed a new challenge and purchased the Houston Astros baseball team, eventually taking the team to the World Series and building them a new stadium. His name is Drayton McLane and he is here on the podcast today, Drayton, welcome to the show!         00:23 Who is Drayton McLane?      01:56 A Billionaire's Networking Hack      05:53 Drayton’s Logic Behind Inviting Competitors in his Facility      07:27  Drayton on Starting Work at 9 Years Old      09:30 The Chapters of Drayton’s Road to Billions      14:05 Drayton’s Take on Entrepreneurs that Skip College and Start a Business      16:55 Helping CEO to be Better as a Member of the Board      22:08 Fears and Anxiety of a Billionaire      26:32 What Drayton Would Do If He Lost It All?      29:00 How Has Drayton Changed Due to Wealth      33:25 Should I Really Keep My Friends From Childhood?       36:22 How to Select Leaders?      42.53 Going From the Grocery Business to a Baseball Team Owner      45:44 How a Billionaire Starts His Day      48:51 Is Being an Entrepreneur Easier or Harder in Today’s World?      50:49 If Drayton Had to Start All Over Again, What Business Would He Get Into?       53:08 Starting in a New Business That Has Never Been Done Before      58:10 Raising Entrepreneurial Children 01:00:52  What’s Great About Being a Billionaire & What Sucks About Being a Billionaire?  01:02:29  Book Every Entrepreneur Should Read 01:05:06  Who Drayton Recommends We Follow     Contact Info:   Website: https://draytonmclanejr.com/ https://www.mclanegroup.com/ Subscribe to the Newsletter: Stay Updated About Our Events for Founders & Billion Dollar Founder Episodes Subscribe to the Podcast:    🎧 Website:  https://www.thebusinessmethod.com/   🍏 Apple Podcasts:  http://bit.ly/TheBusinessMethod   💻 Google Podcasts:  http://bit.ly/TheBusinessMethodGooglePodcasts   🎙Spotify:  http://bit.ly/SpotifyTheBusinessMethod Follow Chris Reynolds on Social Media:   Instagram: @chrisreynoldslive  Facebook: @chrisreynoldslive  YouTube: @chrisreynoldslive LinkedIn: @chrisreynoldslive

Hosted by Chris Reynolds, The Business Method: Interviewing Billionaires, Billion Dollar Founders & the World’s Most Successful People moves beyond simple success stories. Each conversation is a deep, practical exploration of the mindsets, strategies, and often unspoken challenges that define extraordinary achievement. You’ll hear firsthand accounts from a remarkable roster of guests, including legendary investor Jim Rogers, Priceline co-founder Jeff Hoffman, and Janice Howroyd, the first Black woman to build a billion-dollar business. The discussions range from billion-dollar investor Richard Koch dissecting strategic principles to Alex Hormozi breaking down high-stakes offers, while experts like author Steven Kotler delve into the science of peak performance and icons like big-wave surfer Laird Hamilton translate extreme discipline into universal lessons. This isn't about abstract theory; it's about the tangible methods and personal philosophies that actually work at the highest levels. Every episode of this podcast is designed to unpack a specific element of building wealth, cultivating resilience, or mastering a craft. The focus is always on actionable insight you can apply, whether you're scaling a company or pursuing personal excellence. By listening, you gain a rare seat at the table, absorbing the hard-won wisdom and often counterintuitive thinking that separates the world's most successful people from the rest. It’s a direct line to the habits, failures, and pivotal decisions that shape billion-dollar outcomes and legendary careers.
Author: Language: English Episodes: 100

The Business Method: Interviewing Billionaires, Billion Dollar Founders & the World’s Most Successful People 🎧🔥
Podcast Episodes
HP#168 ~ Pt.3 of Sitting Down w/a Billionaire [not-audio_url] [/not-audio_url]

Duration: 13:00
2-10 minute high-performance clips delivered to you Monday & Friday from our top interviews Contact Info: Website: thebusinessmethod.com/ Apple Podcasts: bit.ly/TheBusinessMethod Google Podcasts: bit.ly/TheBusinessMethod…
HP#167 ~ Pt.2 Sitting Down w/ a Billionaire [not-audio_url] [/not-audio_url]

Duration: 8:31
2-10 minute high-performance clips delivered to you Monday & Friday from our top interviews Contact Info: Website: thebusinessmethod.com/ Apple Podcasts: bit.ly/TheBusinessMethod Google Podcasts: bit.ly/TheBusinessMethod…
HP#166 ~ Sitting Down w/a Billionaire in Person [not-audio_url] [/not-audio_url]

Duration: 9:04
2-10 minute high-performance clips delivered to you Monday & Friday from our top interviews Contact Info: Website: thebusinessmethod.com/ Apple Podcasts: bit.ly/TheBusinessMethod Google Podcasts: bit.ly/TheBusinessMethod…
HP#165 ~ Common Traits of Billion Dollar Founders Continued…. [not-audio_url] [/not-audio_url]

Duration: 5:48
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HP#164 ~ The MAIN Common Traits of Billion-Dollar Founders [not-audio_url] [/not-audio_url]

Duration: 6:59
2-10 minute high-performance clips delivered to you Monday & Friday from our top interviews Contact Info: Website: thebusinessmethod.com/ Apple Podcasts: bit.ly/TheBusinessMethod Google Podcasts: bit.ly/TheBusinessMethod…
HP#163 ~ The Biggest Fear of a $4 Billion Space Tycoon [not-audio_url] [/not-audio_url]

Duration: 8:22
2-10 minute high-performance clips delivered to you Monday & Friday from our top interviews Contact Info: Website: thebusinessmethod.com/ Apple Podcasts: bit.ly/TheBusinessMethod Google Podcasts: bit.ly/TheBusinessMethod…
HP#162 ~ How to Get Mark Cuban to Invest w/ a Cold Email [not-audio_url] [/not-audio_url]

Duration: 9:07
2-10 minute high-performance clips delivered to you Monday & Friday from our top interviews Contact Info: Website: thebusinessmethod.com/ Apple Podcasts: bit.ly/TheBusinessMethod Google Podcasts: bit.ly/TheBusinessMethod…