The GaryVee Audio Experience The Future Of Business, Social Media, VR & NFTs | Earn Your Leisure Podcast
Feb 26, 2021
Gary Vaynerchuk, a serial entrepreneur and chairman of VaynerMedia, dives into the evolution of entrepreneurship and digital marketing. He details his journey from transforming a liquor store into a thriving online business. The conversation spans investing in NFTs and the future of blockchain, while emphasizing the importance of resilience and education in entrepreneurship. Gary also discusses the shifting landscape of social media and the unique advantages of different platforms, urging listeners to stay focused on long-term goals.
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Wine Library Story
- Gary Vaynerchuk's entrepreneurial journey started in the late 90s with his family's wine business.
- He transformed it from a $3 million to a $60 million operation by embracing e-commerce and digital marketing early on.
Reinvest in Your Business
- Reinvest profits back into your business for growth, especially in the early stages.
- Delay personal gratification and prioritize business expansion for long-term success.
Leaving Wine Library
- Gary Vaynerchuk left the family wine business due to resentment, a desire to work with his brother, and his father's diminishing role.
- Building the business for his parents was fulfilling, but conflicting dynamics led to his departure.