What I learned from reading Built From Scratch: How A Couple of Regular Guys Grew The Home Depot from Nothing to $30 Billion
What I learned from reading Built From Scratch: How A Couple of Regular Guys Grew The Home Depot from Nothing to $30 Billion
The creation of The Home Depot began with two words: "You're fired!" [0:01], Blinders on focus on the customer [5:45], Learning how not to manage people from Ming the Merciless [8:37], Meeting Ken Langone / the prehistory of Home Depot [11:00], 81% private / 19% public partnerships (18:40), Ken sells to Ming. Predicts Ming will fire Bernie [28:30], Getting fired was the best thing that ever happened [35:00], Bernie Marcus at 49 years old: little cash and a ruined reputation [38:15], How Bernie Marcus walks away from Ross Perot [38:50], The importance of equity [49:19], Do not work with people who don't know how to care about other people [51:00], How they got the money to open The Home Depot [55:30], The critical importance of selling at the right price [58:32], Knowing the right way to do something by seeing it done the wrong way [1:08:54], Mistakes can teach us we're never as smart as we think we are [1:11:25]