The GaryVee Audio Experience

Lessons Learned From Empathy Wines 9 Figure Exit | Interview on Big Money Energy

Mar 20, 2021
Gary Vaynerchuk, a dynamic entrepreneur and investor, shares insights from his journey in the wine industry and beyond. He emphasizes the importance of empowering employees and managing "founder dependency." Vaynerchuk discusses navigating the digital landscape and how social media can accelerate brand growth over sales. He reflects on his Soviet upbringing, personal insecurities, and the emotional aspects of business. The conversation also dives into the financial intricacies of running a wine subscription service, highlighting recurring revenue models.
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ADVICE

Attention as Real Estate

  • Treat attention like real estate.
  • Identify emerging platforms and allocate resources accordingly.
INSIGHT

Brand Over Sales

  • Brand building is more crucial than immediate sales.
  • A strong brand accelerates sales in the long run.
ADVICE

Structured Day and Delegation

  • Delegate tasks and trust your team.
  • Prioritize speed and continuity by empowering long-term employees.
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