Lesson #3: Your Work Ethic Is Your Most Important Asset
Lesson #3: Your Work Ethic Is Your Most Important Asset
“I always feel that creativity coupled with Lady Luck and a very strong work ethic will eventually overcome,” he says. From the very first day he took over his father’s company, McMahon was dedicated to making it as successful an operation as possible. From creating new programs such as the “Royal Rumble” to initiating new types of wrestling matches – first blood, where the first wrestler to bleed loses was a particularly popular one – McMahon never rested until he had satisfied the needs of the day.
“I don't know what drives me,” says McMahon. “I don't have a clue, but I'm driven more today than I ever have been….I guess maybe another gift I have is a great work ethic.” It is this great work ethic that has set McMahon apart from his competitors for the past twenty years, and which has enabled the WWF to outlast both its toughest competitors and its harshest critics.
“I think my idea of retirement might be to one day work a 40-hour week,” he says. Why does McMahon feel the need to put in such long work hours and devote his tireless energy and resources to his company? Because, in his own words, “We're a long ways away from what it can be.” McMahon was never satisfied with the status quo; he always had a grander vision and believed, with a little bit more work the popularity of the WWF could only increase.
“In the real world of competition, the players want to compete and they want to compete at the very highest level,” says McMahon. For him, keeping high standards and competing at the highest level meant having a strong work ethic; that was how he was going to keep the WWF successful when other such enterprises seemed to falling by the wayside.
However, having a strong work ethic never meant that McMahon was ready to take every aspect of his business on himself. He understood the concept of teamwork and he utilized it as best he could. “You have to delegate as you grow,” says McMahon. “You need to surround yourself with quality human beings that are intelligent and have a vision… There is a great deal of deference, a great deal of respect shown to one another, and a great deal of teamwork. There is also a lot of competitiveness and a lot of testosterone and estrogen, and that's just wonderful.”
Nevertheless, McMahon understood that regardless of how well his business was run, it would only be as good as the product it produces. “If you stop building stars,” he says, “which we never do, you wouldn't be in business.”
Lesson 3 Your Work Ethic Is Your Most Important Asset
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“I'm not too good at lying still in the sun,” says McMahon. “I have to do something with my mind, or I'll get in trouble.” By all accounts, McMahon was obsessed with wrestling since he was a little boy, and he continues to be just as devoted a fan today. It is his passion for his work that allows him to maintain the strong work ethic that he has, working long after his competitors have already gone to sleep.
“I always feel that creativity coupled with Lady Luck and a very strong work ethic will eventually overcome,” he says. From the very first day he took over his father’s company, McMahon was dedicated to making it as successful an operation as possible. From creating new programs such as the “Royal Rumble” to initiating new types of wrestling matches – first blood, where the first wrestler to bleed loses was a particularly popular one – McMahon never rested until he had satisfied the needs of the day.
“I don't know what drives me,” says McMahon. “I don't have a clue, but I'm driven more today than I ever have been….I guess maybe another gift I have is a great work ethic.” It is this great work ethic that has set McMahon apart from his competitors for the past twenty years, and which has enabled the WWF to outlast both its toughest competitors and its harshest critics.
“I think my idea of retirement might be to one day work a 40-hour week,” he says. Why does McMahon feel the need to put in such long work hours and devote his tireless energy and resources to his company? Because, in his own words, “We're a long ways away from what it can be.” McMahon was never satisfied with the status quo; he always had a grander vision and believed, with a little bit more work the popularity of the WWF could only increase.
“In the real world of competition, the players want to compete and they want to compete at the very highest level,” says McMahon. For him, keeping high standards and competing at the highest level meant having a strong work ethic; that was how he was going to keep the WWF successful when other such enterprises seemed to falling by the wayside.
However, having a strong work ethic never meant that McMahon was ready to take every aspect of his business on himself. He understood the concept of teamwork and he utilized it as best he could. “You have to delegate as you grow,” says McMahon. “You need to surround yourself with quality human beings that are intelligent and have a vision… There is a great deal of deference, a great deal of respect shown to one another, and a great deal of teamwork. There is also a lot of competitiveness and a lot of testosterone and estrogen, and that's just wonderful.”
Nevertheless, McMahon understood that regardless of how well his business was run, it would only be as good as the product it produces. “If you stop building stars,” he says, “which we never do, you wouldn't be in business.”
Lesson 3 Your Work Ethic Is Your Most Important Asset
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Joe DagerJoe Dager is President of Business901, a progressive coaching company providing no-nonsense direction in areas such as Lean Six Sigma Marketing and organized referral marketing. What others say: In the past 20 years, Joe and I have collaborated on many difficult issues. Joe’s ability to combine his expertise with “out of the box” thinking is unsurpassed. He has always delivered quickly, cost effectively and with ingenuity. A brilliant mind that is always a pleasure to work with.” - James R. If you want to learn more about Business901, start a conversation with us. We can be found @ Web/Blog: Business901.com Web/Blog: FundingYourNonprofit.com LinkedIn Profile Follow me on Twitter - Visit Joe Dager's Website |
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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