Working with great people who make it happen, and seeing the results.
The execution, because there are many great ideas, but you must be able to execute to succeed.
It’s like being the quarterback on the team or the head coach. You pick your players, develop the game plan and together, you must execute.
I busted my butt all my life building companies. I have a friend who’s my age, and the last thing we say when we hang up is QTR – quality time remaining. I don’t know how many years I’ll be able to play golf, so I’m going to enjoy every minutes of this.
I gave my wife an unlimited budget on the clubhouse, and she exceeded it.
Overcoming hardships and working around and through their obstacles to achieve an education is what I call a true success.
People are what determine your success in the future. Surround yourself with good people and you won’t fail.
I really would not change anything. Have a passion for what you do, work hard, have great people with good personalities, enjoy the ride.
My father always said working for somebody else never amounted to anything. You have to be an entrepreneur.
Success is obtaining your goals and objectives. Doing what others do not.
The good things take care of themselves. We want to find all the negatives.
The faster we grew, the more stores we had open, the more money we made. Employees move quickly up the ranks of a company that's growing fast. Shareholders made a lot of money. If you invested $25,000 from January 1987 to January 1994, you'd have more than a million dollars. I get a lot of personal satisfaction from that.
Our philosophy has been to be fiscally conservative, so we can be operationally aggressive. We're not using borrowed money to grow. So we'll put up a store just to get there before the competition. If it doesn't work, we'll close it and lose a little equity. It won't kill us.
We're looking for something where we can make something happen: an industry where the competition is asleep, hasn't taken advantage. It's going to be hard to find another Blockbuster, but that doesn't mean you can't have three good companies growing. The point is, we're going to be busy.
I don't want to be just a voice on the phone. I have to get to know these guys face-to-face and develop a sincere relationship. That way, if we run into problems in a deal, it doesn't get adversarial. We trust each other and have the confidence we can work things out.
I don't think we are unique, we're certainly not smarter than the next guy. So the only thing I can think of that we might do a little differently than some people is we work harder and when we focus in on something we are consumed by it. It becomes a passion.