Latest / Something Extra / Radically Honest Leadership w/ Robert Griggs
Transcript
- 0:01Robert Griggs: How do you really get successful, and learn to grow the business?
- 0:05Robert Griggs: Well, you turn the pyramid upside down and we as leaders
- 0:09Robert Griggs: focus on the foundation.
- 0:11Robert Griggs: It's the people that load the trucks.
- 0:13Robert Griggs: It's the people that are doing the welding.
- 0:16Robert Griggs: It's the people that are keeping the lights on.
- 0:19Robert Griggs: Alright?
- 0:20Robert Griggs: And so our job as leaders is to make their lives
- 0:24Robert Griggs: better.
- 0:25Robert Griggs: Okay?
- 0:26Robert Griggs: And two things happen when that happens.
- 0:28Robert Griggs: Our customers' lives get better because we deliver
- 0:32Robert Griggs: our products on time with high quality.
- 0:35Robert Griggs: And then secondly,
- 0:38Robert Griggs: as a leader, my life gets better because I'm not focused on
- 0:42Robert Griggs: all the small minutia problems.
- 0:44Robert Griggs: I get to go out in space and go, where's the next place to
- 0:48Robert Griggs: grow?
- 0:52Lisa Nichols: It takes something a little more to lead with impact.
- 0:55Lisa Nichols: I'm Lisa Nichols, author of Something Extra, and this podcast
- 1:00Lisa Nichols: was inspired by our daughter, Ali, whose additional chromosome has shaped
- 1:04Lisa Nichols: how I see people in leadership.
- 1:06Lisa Nichols: Each episode features conversations with inspiring leaders from around the world
- 1:11Lisa Nichols: about what truly defines how they lead and serve others.
- 1:15Lisa Nichols: If you enjoyed today's conversation, please consider leaving a five star
- 1:19Lisa Nichols: review.
- 1:20Lisa Nichols: It helps more people discover the show.
- 1:23Lisa Nichols: And if you'd like to go deeper, my book, Something Extra, is available on
- 1:27Lisa Nichols: Amazon and through other major book retailers.
- 1:30Lisa Nichols: I'm thrilled to have Robert Griggs on the show today.
- 1:33Lisa Nichols: Robert is a true son of Missouri and a titan of the manufacturing industry.
- 1:37Lisa Nichols: He is the founder and chairman at Trinity Products and the author of the
- 1:41Lisa Nichols: book, Foundational Leadership.
- 1:43Lisa Nichols: Well, Robert Griggs, welcome to the Something Extra podcast.
- 1:47Lisa Nichols: I'm so delighted to have you today.
- 1:50Robert Griggs: Thank you so much for having me.
- 1:51Robert Griggs: It's a real pleasure.
- 1:53Lisa Nichols: Yes.
- 1:53Lisa Nichols: And I wanna give a shout out to Mary Anne Bingardee
- 1:57Robert Griggs: Yes.
- 1:57Lisa Nichols: That connected us.
- 1:58Lisa Nichols: And I know she's been important in your life and in the Trinity
- 2:02Lisa Nichols: story, But we were meeting one day, and she goes, you need to
- 2:07Lisa Nichols: know Robert.
- 2:07Lisa Nichols: And you and I had a quick little call, and I said, Robert, come
- 2:10Lisa Nichols: on to the podcast.
- 2:12Lisa Nichols: So
- 2:13Robert Griggs: She is quite the promoter as well and just a wonderful
- 2:17Robert Griggs: person.
- 2:17Robert Griggs: And so, I do a little speaking for them, and she comes
- 2:21Robert Griggs: out.
- 2:22Robert Griggs: I'm, on the board of her Missouri Made.
- 2:25Robert Griggs: Okay?
- 2:26Robert Griggs: And, she's involved with Missouri manufacturers and those sorts of things.
- 2:30Robert Griggs: So we have a lot of places where we meet up, so it's been
- 2:33Robert Griggs: great.
- 2:34Robert Griggs: She's awesome.
- 2:35Lisa Nichols: She is.
- 2:35Lisa Nichols: I could not agree more.
- 2:37Lisa Nichols: Well, I know that you are they call you a Missouri sun.
- 2:43Robert Griggs: True sun.
- 2:44Lisa Nichols: Yeah.
- 2:44Lisa Nichols: True sun.
- 2:45Lisa Nichols: You grew up in a small town in the Boot Hill.
- 2:47Lisa Nichols: Right?
- 2:48Lisa Nichols: Charleston?
- 2:49Robert Griggs: Yep.
- 2:49Lisa Nichols: And I think you came from a military family, farming community.
- 2:54Lisa Nichols: And here's what I wanna talk about.
- 2:56Lisa Nichols: You also went to Mizzou.
- 2:58Robert Griggs: Yes, ma'am.
- 2:59Lisa Nichols: And here's what I wanna talk about, Robert.
- 3:01Lisa Nichols: Two years after graduating from from Mizzou,
- 3:05Lisa Nichols: you started Trinity Products.
- 3:08Robert Griggs: I did.
- 3:09Robert Griggs: And, I knew I always wanted to start a business.
- 3:13Robert Griggs: And, you know, today, we helped, you know, they just had
- 3:17Robert Griggs: a on campus pitch competition where there were eighty pitches this
- 3:21Robert Griggs: last weekend.
- 3:22Robert Griggs: It's called Mizzou Startup Weekend.
- 3:25Robert Griggs: And there was nothing then.
- 3:27Robert Griggs: You know, you just kinda had to know you wanted to start a business
- 3:30Robert Griggs: and you were willing to take a leap.
- 3:33Robert Griggs: So I got a sales job, and they didn't treat me quite right.
- 3:36Robert Griggs: So some of us left, and we started a company.
- 3:39Robert Griggs: I was twenty three and,
- 3:42Robert Griggs: just started buying and selling, and and, you know, it
- 3:46Robert Griggs: just grew.
- 3:47Robert Griggs: And what I learned from all the things that if you've been around the
- 3:51Robert Griggs: military,
- 3:52Robert Griggs: there aren't, there aren't colors in the military.
- 3:56Robert Griggs: They're just people.
- 3:58Robert Griggs: So that's one of the things you learn.
- 3:59Robert Griggs: You grew up in a small town, the farm, you learn to work really,
- 4:02Robert Griggs: really, really hard.
- 4:04Lisa Nichols: Yes.
- 4:05Robert Griggs: It's expected.
- 4:06Robert Griggs: And I don't care what age you are, it's expected.
- 4:09Robert Griggs: And so those things come together.
- 4:12Robert Griggs: And by treating people right, I wouldn't say that I've
- 4:16Robert Griggs: trained in leadership.
- 4:17Robert Griggs: I I've learned it.
- 4:19Robert Griggs: I've studied it, and I know what I wanna have happen to
- 4:23Robert Griggs: me, and I know what I'm willing to do for everybody.
- 4:26Robert Griggs: And it's been a really, really remarkable ride.
- 4:30Lisa Nichols: Yeah.
- 4:31Lisa Nichols: Well, I love that you just said that, because, you know, the age old
- 4:35Lisa Nichols: question, Robert, is, are you a born leader?
- 4:39Lisa Nichols: And I think there are some characteristics possibly, but
- 4:43Lisa Nichols: you learn along the way, and I think that that should give people hope.
- 4:46Lisa Nichols: Right?
- 4:47Lisa Nichols: And and I say that you never reached a summit.
- 4:49Lisa Nichols: You never there's always a next level.
- 4:52Lisa Nichols: Right, Robert?
- 4:53Robert Griggs: Yes.
- 4:55Robert Griggs: I will tell you, we do a lot of personality testing, and I
- 4:59Robert Griggs: think there are certain certain wiring in people that make it easier
- 5:03Robert Griggs: to be a leader.
- 5:04Robert Griggs: Okay?
- 5:05Robert Griggs: And, so I will give that.
- 5:08Robert Griggs: But everything I've learned, I read, I study,
- 5:12Robert Griggs: and what I found just to experience, and
- 5:16Robert Griggs: this would be with most people, the more you give, the more you receive.
- 5:20Robert Griggs: Now I don't give to get things in return.
- 5:24Robert Griggs: I give because it makes me feel good.
- 5:27Robert Griggs: But guess what?
- 5:28Robert Griggs: My my basket is overflowing.
- 5:31Robert Griggs: And so what happens is you teach people that
- 5:35Robert Griggs: if they're engaged with you and you're engaged with them and
- 5:39Robert Griggs: we are working for a common cause, what I've learned
- 5:43Robert Griggs: over the process is share the profits, share the information, share the
- 5:47Robert Griggs: heartache, share the successes, and then what happens as you go
- 5:51Robert Griggs: along, everybody gets better.
- 5:53Robert Griggs: And so I think what you're gonna find in the book is a
- 5:57Robert Griggs: combination of Jack Stack and the
- 6:01Robert Griggs: great game of business.
- 6:02Robert Griggs: Right?
- 6:03Lisa Nichols: Yes.
- 6:03Robert Griggs: Springfield Green Manufacturing.
- 6:05Robert Griggs: And then I combined, continuous improvement with it.
- 6:10Robert Griggs: And for that, we use a group called
- 6:14Robert Griggs: COCI Cycle of Success Institute.
- 6:16Robert Griggs: So we combine those two traits and taught everybody how to get
- 6:21Robert Griggs: better every day.
- 6:22Robert Griggs: We teach them how to run a business.
- 6:24Robert Griggs: I had a lot of people over my career say, they don't know how
- 6:28Robert Griggs: to run a business, and that's just not true because they run their household.
- 6:32Robert Griggs: Right?
- 6:33Robert Griggs: And you have a top number and you have taxes that come out and
- 6:37Robert Griggs: you have a car payment, you have a house or a rent payment, and
- 6:40Robert Griggs: you buy food, you buy gas, you buy groceries, and if there's anything left
- 6:44Robert Griggs: over at the end, it's profit.
- 6:46Robert Griggs: Yes.
- 6:47Robert Griggs: So they know totally how to do it, and it's just engaging them
- 6:51Robert Griggs: and teaching them a lot of the nuances of business.
- 6:55Lisa Nichols: Yeah.
- 6:56Lisa Nichols: Yeah.
- 6:56Lisa Nichols: I love that.
- 6:57Lisa Nichols: Wow.
- 6:58Lisa Nichols: You just covered a whole bunch of information there
- 7:02Lisa Nichols: that that I
- 7:02Robert Griggs: I did.
- 7:03Robert Griggs: Did.
- 7:03Robert Griggs: But as you go into the details more, you you'll find the things
- 7:08Robert Griggs: it's just a broad stroke of what the book is about from,
- 7:14Robert Griggs: twenty twenty when it really changed, okay, to twenty
- 7:18Robert Griggs: three, four, or five.
- 7:20Robert Griggs: It's how I got to that point.
- 7:22Robert Griggs: Right?
- 7:23Robert Griggs: And and making those decisions.
- 7:25Robert Griggs: So there's a lot more to the story than just
- 7:29Robert Griggs: a a two minute clip.
- 7:30Lisa Nichols: Absolutely.
- 7:31Lisa Nichols: Yeah.
- 7:31Lisa Nichols: And I wanna dig in more, but I wanna go back because you had
- 7:35Lisa Nichols: said something.
- 7:36Lisa Nichols: You said, you know, you were had a sales job, and you were not
- 7:39Lisa Nichols: really treated fairly.
- 7:41Lisa Nichols: I think you got, snookered out of a five thousand
- 7:45Lisa Nichols: dollar commission, Robert.
- 7:47Lisa Nichols: Did.
- 7:47Lisa Nichols: And that was kind of a that was kind of a pivotal change for
- 7:51Lisa Nichols: you where you're like, you know, you wanna build something.
- 7:54Lisa Nichols: Here these are your words.
- 7:56Lisa Nichols: You go, I wanna build something where no one puts their hands in someone
- 7:59Lisa Nichols: else's pocket.
- 8:01Robert Griggs: Well and I was about to say that.
- 8:04Robert Griggs: Okay?
- 8:05Robert Griggs: Because it's very interesting.
- 8:07Robert Griggs: I keep my hand in my pocket.
- 8:08Robert Griggs: You keep your hand in your pocket.
- 8:10Lisa Nichols: Yes.
- 8:11Robert Griggs: And what happens is,
- 8:14Robert Griggs: what I've a couple of things in that.
- 8:17Robert Griggs: You the the company gets to set the formula.
- 8:21Robert Griggs: Right?
- 8:21Robert Griggs: And if you set the formula and you don't live by,
- 8:25Robert Griggs: well, guess that's not some place that people wanna be or and I was
- 8:30Robert Griggs: making seven hundred dollars a month,
- 8:34Robert Griggs: draw against commission and got paid commission.
- 8:37Robert Griggs: So I had a five thousand dollar commission check coming at Christmas,
- 8:41Robert Griggs: and I got twenty five dollars.
- 8:42Robert Griggs: And I called my boss and said, hey, man.
- 8:45Robert Griggs: What's going on?
- 8:46Robert Griggs: And he goes, Valley Steel didn't pay us.
- 8:48Robert Griggs: And Valley Steel at that time was a huge company in town in
- 8:52Robert Griggs: Saint Louis, and they were selling, I mean, two hundred million
- 8:57Robert Griggs: dollars in nineteen seventy eight when Steele was going
- 9:01Robert Griggs: for three hundred dollars a ton, you can't even amount it would be two
- 9:04Robert Griggs: billion or three billion today.
- 9:06Lisa Nichols: Mhmm.
- 9:07Robert Griggs: And but in those days, anybody would answer the phone.
- 9:10Robert Griggs: You could call the president in a valley or you could call the CFO
- 9:14Robert Griggs: or
- 9:14Lisa Nichols: Yes.
- 9:15Robert Griggs: So I called Harold Mabry, just and said, mister Mabry,
- 9:19Robert Griggs: it's Robert Griggs.
- 9:21Robert Griggs: We had this order, and he said, ask your boss how much money he
- 9:24Robert Griggs: owes me.
- 9:26Robert Griggs: So they had contra ed it.
- 9:29Robert Griggs: So I knew at that point that they were never gonna treat
- 9:33Robert Griggs: us right.
- 9:33Robert Griggs: Right?
- 9:34Robert Griggs: Yeah.
- 9:35Robert Griggs: So that's, and I like to take the
- 9:39Robert Griggs: high road on money, because two things
- 9:43Robert Griggs: happen if you don't.
- 9:44Robert Griggs: You create an enemy and you create somebody that has a long,
- 9:48Robert Griggs: long memory, and they tend to not forget
- 9:53Robert Griggs: and it just causes problems.
- 9:55Robert Griggs: So take the high road on cash, do your best, and,
- 9:59Robert Griggs: and keep going.
- 10:01Lisa Nichols: So, Robert, I just I love the philosophy.
- 10:04Lisa Nichols: We do have similar philosophies for sure.
- 10:06Lisa Nichols: You know?
- 10:07Lisa Nichols: And what I want to tell our our listeners is that
- 10:11Lisa Nichols: I know, like, Trinity is well over, like, three hundred
- 10:15Lisa Nichols: million dollar business today
- 10:17Robert Griggs: Yes, ma'am.
- 10:18Lisa Nichols: Which is crazy.
- 10:19Lisa Nichols: I mean, you started from nothing.
- 10:21Robert Griggs: Yeah.
- 10:22Robert Griggs: You know, there's something really important happening this year,
- 10:27Robert Griggs: the two hundred and fiftieth anniversary of America.
- 10:31Robert Griggs: And it's funny.
- 10:32Robert Griggs: I get to travel around.
- 10:33Robert Griggs: I grew up in the military, so I I was all over with my
- 10:36Robert Griggs: dad.
- 10:37Robert Griggs: My dad was in Korea, and we've been to Europe and lived in Germany.
- 10:41Robert Griggs: And I saw the Berlin Wall, okay, and Brandenburg
- 10:45Robert Griggs: Gate.
- 10:46Robert Griggs: And so, I remember that point.
- 10:49Robert Griggs: And, I do remember I was, man, probably in second
- 10:53Robert Griggs: grade, the Cuban Missile Crisis.
- 10:56Robert Griggs: So what we find here is even though some people
- 11:00Robert Griggs: might not wanna believe it, if you
- 11:03Robert Griggs: really work hard, you're gonna get better than most people
- 11:08Robert Griggs: around the world.
- 11:09Robert Griggs: If you haven't been to Africa or you haven't been to places you
- 11:13Robert Griggs: don't know what poor is.
- 11:14Robert Griggs: Right?
- 11:15Robert Griggs: And
- 11:15Lisa Nichols: True.
- 11:16Robert Griggs: I grew up in Southeast Missouri, and I grew up on a farm.
- 11:19Robert Griggs: And there were a lot of people that it was scary.
- 11:22Robert Griggs: And so the point being is America is a place where if you,
- 11:27Robert Griggs: put your will to it, good things can happen.
- 11:31Robert Griggs: Now it doesn't always work.
- 11:33Robert Griggs: There's luck involved, a lot of luck, a lot of opportunity.
- 11:37Robert Griggs: I say this,
- 11:39Robert Griggs: success is where opportunity and preparedness meet.
- 11:43Robert Griggs: Okay?
- 11:44Robert Griggs: So you have to put yourself in that position, and and I
- 11:48Robert Griggs: do a lot of speaking at the zoo and kids will ask me well
- 11:52Robert Griggs: or people will say, well, I worked hard.
- 11:55Robert Griggs: Success in that also comes with the risk.
- 11:59Robert Griggs: Okay?
- 11:59Lisa Nichols: Yes.
- 12:00Robert Griggs: And risk doesn't have to be borrowing money.
- 12:03Robert Griggs: Risk is, did you walk up to your boss and say, how can I
- 12:06Robert Griggs: help you?
- 12:08Robert Griggs: And how can I be supportive of of you?
- 12:11Robert Griggs: And by having the risk to say that, the
- 12:16Robert Griggs: gumption or the will, what happens is the more risk you
- 12:20Robert Griggs: take, the more reward you get because people see it.
- 12:24Robert Griggs: And and so risk is one of those things, but without risk,
- 12:28Robert Griggs: okay, reward gets tricky, and it has to be thought about in
- 12:33Robert Griggs: not just monetarily.
- 12:34Robert Griggs: It's all the other factors in
- 12:36Lisa Nichols: it.
- 12:36Lisa Nichols: Mhmm.
- 12:37Lisa Nichols: And success.
- 12:37Lisa Nichols: So good.
- 12:38Lisa Nichols: That's so good.
- 12:39Lisa Nichols: Well, we've already talked about your book a little bit, but you did, your
- 12:42Lisa Nichols: book came out in twenty twenty three.
- 12:44Lisa Nichols: It's called foundational leadership, and I love the subtitle, growth doesn't
- 12:48Lisa Nichols: start at the top.
- 12:51Robert Griggs: It doesn't.
- 12:53Robert Griggs: And so when we go back into this thought process and something
- 12:57Robert Griggs: I learned and,
- 12:59Robert Griggs: so I'm gonna hold up a v.
- 13:01Robert Griggs: Okay?
- 13:02Robert Griggs: And there's the pyramid and Lisa and Jenny and me
- 13:06Robert Griggs: and a lot of people are at the top thirty percent of that pyramid.
- 13:09Robert Griggs: Okay?
- 13:10Robert Griggs: Pretty successful,
- 13:12Robert Griggs: are gonna get paid almost no matter where we go.
- 13:15Robert Griggs: Right?
- 13:16Robert Griggs: Something
- 13:16Lisa Nichols: Mhmm.
- 13:17Robert Griggs: A decent wage.
- 13:18Robert Griggs: And so how do you how do you really get successful
- 13:22Robert Griggs: and learn to grow the business?
- 13:24Robert Griggs: Well, you turn the pyramid upside down and we as leaders
- 13:28Robert Griggs: focus on the foundation.
- 13:30Robert Griggs: It's the people that load the trucks.
- 13:32Robert Griggs: It's the people that are doing the welding.
- 13:35Robert Griggs: It's the people that are keeping the lights on.
- 13:38Robert Griggs: Alright?
- 13:39Robert Griggs: And so our job as leaders is to make their lives
- 13:43Robert Griggs: better.
- 13:44Robert Griggs: Okay?
- 13:44Robert Griggs: And two things happen when that happens.
- 13:47Robert Griggs: Our customers' lives get better because we deliver
- 13:51Robert Griggs: our products on time with high quality.
- 13:54Robert Griggs: And then secondly,
- 13:57Robert Griggs: as a leader, my life gets better because I'm not focused on
- 14:01Robert Griggs: all the small minutia problems.
- 14:03Robert Griggs: I get to go out in space and go, where's the next place to
- 14:07Robert Griggs: grow?
- 14:07Robert Griggs: You don't go from, let's see.
- 14:10Robert Griggs: We were,
- 14:12Robert Griggs: two point two million in nineteen seventy nine.
- 14:14Robert Griggs: We got to six million in two thousand.
- 14:16Robert Griggs: And two thousand was the point I realized I couldn't do this by myself.
- 14:20Robert Griggs: I needed something else, and I got handy Jack's deck book, great game
- 14:25Robert Griggs: of business and sharing the profits.
- 14:26Lisa Nichols: Yes.
- 14:27Robert Griggs: And I I dove in.
- 14:29Robert Griggs: I go I taught financial literacy as much of my job was
- 14:33Robert Griggs: teaching, because we don't control
- 14:38Robert Griggs: the outcomes in business a lot.
- 14:39Robert Griggs: Okay?
- 14:40Robert Griggs: There's a war going on.
- 14:41Robert Griggs: There's gas prices going up their fuel.
- 14:43Robert Griggs: There's out kind outside constraints that affect a lot of our success.
- 14:48Robert Griggs: So from two thousand and great game of business to two thousand
- 14:52Robert Griggs: and ten, we went to sixty seven million dollars from SIP.
- 14:56Robert Griggs: Alright?
- 14:57Robert Griggs: Then I learned again there, I go,
- 15:01Robert Griggs: although they can manage the expenses and the outcome, how are
- 15:05Robert Griggs: they affected?
- 15:06Robert Griggs: Right?
- 15:07Robert Griggs: How do they affect it daily?
- 15:09Robert Griggs: And so then I was at a seminar and I saw, continuous improvement.
- 15:15Robert Griggs: I had always felt like continuous improvement that made it difficult
- 15:19Robert Griggs: or was gonna be hard and you're a black belt and you're on blah
- 15:22Robert Griggs: blah blah.
- 15:23Robert Griggs: So what what I learned at then in two thousand ten was
- 15:28Robert Griggs: continuous improvement goes,
- 15:31Robert Griggs: what's not working?
- 15:33Robert Griggs: Okay?
- 15:33Robert Griggs: That's it.
- 15:34Robert Griggs: That's all the question is.
- 15:35Robert Griggs: You put a group of people that work together that are doing the job
- 15:39Robert Griggs: and you go, what's not working?
- 15:40Robert Griggs: You put it on spreadsheet.
- 15:43Robert Griggs: You organize it by, the priorities of we monetize,
- 15:47Robert Griggs: we organize, and we prioritize, and then you fix things, and then you meet
- 15:51Robert Griggs: again in two weeks, and you fix more things.
- 15:54Robert Griggs: And then what happens in this is you've taken all the barriers,
- 15:59Robert Griggs: the impediments to success for the people that are working for you
- 16:03Robert Griggs: out of the way.
- 16:04Robert Griggs: You make a standard that we all agree upon that they have the power
- 16:08Robert Griggs: to have input on and you walk in and say, you're
- 16:12Robert Griggs: giving me twenty feet an hour at sixty five percent productivity.
- 16:16Robert Griggs: So I need sixty five feet.
- 16:18Robert Griggs: Alright?
- 16:19Robert Griggs: And then you go back and track.
- 16:21Robert Griggs: Anything worth doing anything worth doing is worth,
- 16:25Robert Griggs: tracking.
- 16:26Robert Griggs: Right?
- 16:26Robert Griggs: Okay?
- 16:27Lisa Nichols: Yes.
- 16:27Lisa Nichols: Yes.
- 16:28Robert Griggs: And then you post it.
- 16:29Robert Griggs: And so we just continue to get better.
- 16:32Robert Griggs: And then in twenty three, we did three hundred and some maybe
- 16:36Robert Griggs: two eighty five to three ten depending on
- 16:41Robert Griggs: so it wasn't me doing that.
- 16:43Robert Griggs: It was this system that's in this book that you would buy and read,
- 16:46Robert Griggs: and it was it's just a plan.
- 16:49Robert Griggs: I don't know why everybody doesn't run their business this way.
- 16:53Lisa Nichols: Right.
- 16:53Lisa Nichols: Oh, that's so good.
- 16:55Lisa Nichols: Boy, you just you just gave us tons of gold nuggets in there,
- 16:59Lisa Nichols: Robert.
- 16:59Lisa Nichols: So the book that that Robert's talking about is Jack Stack's
- 17:03Lisa Nichols: book, Great Game of Business, and it really kind of changed you know,
- 17:07Lisa Nichols: it was a paradigm shift for you for sure.
- 17:11Lisa Nichols: You know, what about this the five percent rule?
- 17:14Lisa Nichols: So you you kinda struck a deal, and you did.
- 17:17Lisa Nichols: I loved because I read that where you went through and you taught all
- 17:20Lisa Nichols: of your employees financial literacy.
- 17:22Lisa Nichols: You taught them how to read financial statements, all of that.
- 17:25Lisa Nichols: But tell us about the five percent rule and the profit sharing, and how
- 17:29Lisa Nichols: did this transform the behavior?
- 17:32Robert Griggs: So when you get to the first part of
- 17:36Robert Griggs: when you're when you're you're giving key numbers, key metrics in your
- 17:40Robert Griggs: business.
- 17:40Robert Griggs: Right?
- 17:41Lisa Nichols: Mhmm.
- 17:41Robert Griggs: And ours, we were a combination fabricator,
- 17:46Robert Griggs: which is has high margins, distributor, and broker.
- 17:49Robert Griggs: So we went out into the marketplace.
- 17:52Robert Griggs: It's so easy to get data today, but when we started in two
- 17:56Robert Griggs: thousand, your banks helped supply it.
- 17:59Robert Griggs: And so we found that the top companies that we compared ourself
- 18:03Robert Griggs: to had a five percent net return on sales.
- 18:06Robert Griggs: So if you sold a thousand dollars, you made you made
- 18:11Robert Griggs: fifty dollars.
- 18:11Robert Griggs: And so it's just a number.
- 18:14Robert Griggs: We compared ourselves and then what we found is so if
- 18:18Robert Griggs: five was the top,
- 18:20Robert Griggs: what was the number that sustained our business?
- 18:23Robert Griggs: So three and a half percent net return on sales was the bottom
- 18:27Robert Griggs: because we had to make that much money to buy new equipment
- 18:32Robert Griggs: and to give raises and do all that.
- 18:34Robert Griggs: So the bottom is three and a half percent net return on sales.
- 18:37Robert Griggs: If we don't get above that, there's no bonusing.
- 18:40Robert Griggs: And then for every five, points above that, we
- 18:45Robert Griggs: went to twenty percent of the profits.
- 18:47Robert Griggs: So for example, if we had a,
- 18:51Robert Griggs: ten million dollar business, at five percent net return on sales
- 18:55Robert Griggs: would be five hundred grand, and we would say are a hundred thousand dollars
- 19:00Robert Griggs: with all the employees.
- 19:01Lisa Nichols: Mhmm.
- 19:01Lisa Nichols: And
- 19:01Robert Griggs: so it would be divided up.
- 19:03Robert Griggs: Now I had people,
- 19:06Robert Griggs: say to me, well, why would you give somebody a hundred thousand dollars?
- 19:09Robert Griggs: And I go, would you like to motivate them to be in the top
- 19:13Robert Griggs: of all your peer groups every single month, year, forever?
- 19:18Robert Griggs: Yeah.
- 19:18Robert Griggs: Because you can't do it yourself.
- 19:21Lisa Nichols: Mhmm.
- 19:21Robert Griggs: Right?
- 19:21Robert Griggs: And and so I I went and took this a little further.
- 19:26Robert Griggs: Let's say we sold a hundred million dollars, okay, which we would
- 19:30Robert Griggs: make five million dollars on.
- 19:32Robert Griggs: Okay?
- 19:33Robert Griggs: Would you share a million dollars?
- 19:36Robert Griggs: And here's where the numbers go.
- 19:38Robert Griggs: Robert Griggs is gonna have to pay forty five percent in taxes.
- 19:42Lisa Nichols: Yes.
- 19:43Robert Griggs: Alright?
- 19:44Robert Griggs: So what I've done is I've put uncle Sam in as my
- 19:48Robert Griggs: partner.
- 19:49Robert Griggs: And,
- 19:51Robert Griggs: so I'm sharing a million dollars with everybody.
- 19:54Robert Griggs: Do you think everybody shows up?
- 19:55Robert Griggs: Do you think the wives and the sons and the daughters and all the
- 19:59Robert Griggs: people hear about this and go, this is what I got and show up
- 20:03Robert Griggs: at work and are happy.
- 20:05Robert Griggs: Yes.
- 20:06Lisa Nichols: Yeah.
- 20:06Robert Griggs: And it only cost me fifty five percent of what I would have made
- 20:10Robert Griggs: on that million.
- 20:11Robert Griggs: So I weighed the balance and said, I would rather them have
- 20:15Robert Griggs: it demotivated because I promise you we're gonna make more.
- 20:20Robert Griggs: And then the other part people, businesses would say is I'm afraid.
- 20:25Robert Griggs: Most business people are afraid to show somebody the books,
- 20:29Robert Griggs: because,
- 20:31Robert Griggs: really, in a ten year period, you knock it out of the park a
- 20:35Robert Griggs: couple of times.
- 20:35Robert Griggs: You really take it badly a couple of times, and everything else is kinda
- 20:40Robert Griggs: down the middle.
- 20:41Robert Griggs: Yes.
- 20:41Robert Griggs: But people think if you make a million dollars, you make it a hundred
- 20:45Robert Griggs: thousand dollars a month.
- 20:46Robert Griggs: Right?
- 20:47Robert Griggs: And it ends up being a million dollars.
- 20:48Robert Griggs: Well, really, it's not.
- 20:49Robert Griggs: You might make six hundred grand in one month, lose two hundred.
- 20:53Robert Griggs: And so by teaching them how the business works and fluctuates,
- 20:57Robert Griggs: it makes it keeps them very calm because they realize
- 21:01Robert Griggs: when things are bad, they're gonna get better, and they realize when things are
- 21:05Robert Griggs: good, unfortunately, keep your head down because they're gonna
- 21:08Lisa Nichols: because it's gonna get worse.
- 21:10Lisa Nichols: Right?
- 21:10Robert Griggs: And so it's funny.
- 21:12Robert Griggs: It takes all the pressure off me.
- 21:15Lisa Nichols: Yeah.
- 21:15Robert Griggs: I didn't have any pressure.
- 21:17Robert Griggs: Yeah.
- 21:17Robert Griggs: Tell me what's not working.
- 21:19Robert Griggs: I'm gonna fix it.
- 21:20Robert Griggs: When I fix it, I'm gonna ask you the question.
- 21:22Robert Griggs: Why aren't you doing what we all agreed to?
- 21:25Robert Griggs: And then they'll say, well, something broke and I go, well, why didn't you
- 21:28Robert Griggs: write a work ticket on it?
- 21:30Robert Griggs: Okay?
- 21:30Robert Griggs: There's always a reason that the process doesn't get
- 21:33Lisa Nichols: Sure.
- 21:33Lisa Nichols: Sure.
- 21:34Lisa Nichols: For sure.
- 21:35Lisa Nichols: Oh my goodness.
- 21:35Lisa Nichols: This is so good, Robert.
- 21:36Lisa Nichols: But we do need a quick take a quick break, and we'll be right
- 21:39Lisa Nichols: back with Robert Griggs on the Something Extra podcast.
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- 22:12Lisa Nichols: Welcome back, everyone, to the Something Extra podcast with Robert Griggs.
- 22:16Lisa Nichols: So Robert, in twenty twenty one, talked to me about this.
- 22:20Lisa Nichols: You took the business to an ESOP.
- 22:23Robert Griggs: Correct.
- 22:24Robert Griggs: It kinda felt in with our philosophy.
- 22:28Robert Griggs: You know, as a business person that is growing
- 22:32Robert Griggs: and let's take it from, you know, let's take it from, seventy
- 22:37Robert Griggs: nine or, I mean,
- 22:39Robert Griggs: let's see.
- 22:40Robert Griggs: What was it?
- 22:40Robert Griggs: Ninety three when I bought my partner out from two point two million
- 22:44Robert Griggs: to three hundred million.
- 22:46Robert Griggs: Every amount I mean, I lived a great life, but every amount of money
- 22:49Robert Griggs: I made got put back into business.
- 22:51Robert Griggs: Yes.
- 22:52Robert Griggs: Right?
- 22:52Robert Griggs: And so you have to have I went to everybody and said, guys,
- 22:56Robert Griggs: I need a liquidity event.
- 22:58Robert Griggs: Right?
- 23:00Robert Griggs: I'm getting old.
- 23:01Robert Griggs: I need to cash out.
- 23:02Robert Griggs: And so we looked at putting it into the private market, and then
- 23:07Robert Griggs: I just thought I really would rather there's some advantages
- 23:11Robert Griggs: or it didn't take anything.
- 23:14Robert Griggs: All the ESOP people go, well, your business is perfect because they all know
- 23:18Robert Griggs: how to read an income statement in the balance sheet.
- 23:20Robert Griggs: They know what business is.
- 23:21Robert Griggs: They're not gonna be afraid of it.
- 23:23Robert Griggs: So we ended up doing an ESOP.
- 23:26Robert Griggs: Had a couple really good years, and then the last two years have not
- 23:30Robert Griggs: been good.
- 23:31Robert Griggs: One of the years was the worst we've had, but as I go back,
- 23:35Robert Griggs: our job is just to show up and get better every day.
- 23:39Robert Griggs: Operationally, we did really well.
- 23:42Robert Griggs: We had some initiative during that period of time.
- 23:45Robert Griggs: We increased our productivity at the mill from about forty
- 23:49Robert Griggs: thousand tons a year to fifty five thousand tons a year.
- 23:54Robert Griggs: Okay?
- 23:54Robert Griggs: We, put on a product line called Tri Loc, which we invested ten
- 23:58Robert Griggs: million dollars in that we have a patent that we're now it's a press
- 24:02Robert Griggs: fit connection.
- 24:03Robert Griggs: We're now selling it.
- 24:05Robert Griggs: We've got an order in Nigeria.
- 24:07Robert Griggs: We're just shipping pipe to Nigeria to go under the Niger River.
- 24:11Robert Griggs: We have patents in the EU.
- 24:14Robert Griggs: We have patents in Africa and the Middle East.
- 24:17Robert Griggs: So we were doing a lot of really, really good things.
- 24:20Lisa Nichols: Good things.
- 24:21Lisa Nichols: Right.
- 24:21Robert Griggs: Yeah.
- 24:22Robert Griggs: The market just gets in the way.
- 24:23Robert Griggs: And so as you learn, you don't like it,
- 24:27Robert Griggs: but you realize when it's bad here's the thing I would say to everybody.
- 24:31Robert Griggs: Guys, it's not good.
- 24:32Robert Griggs: So guess what's gonna happen?
- 24:33Robert Griggs: And they look at me and they go, it's gonna get good.
- 24:36Robert Griggs: Now
- 24:37Lisa Nichols: we're in that
- 24:39Robert Griggs: yeah.
- 24:39Robert Griggs: We're in that position right now.
- 24:40Robert Griggs: We've had a great first quarter.
- 24:43Robert Griggs: Second and third quarter are shaping up really, really nicely,
- 24:48Robert Griggs: and we're involved in the infrastructure business.
- 24:50Robert Griggs: So, you know,
- 24:53Robert Griggs: the the Francis got Key Bridge, for example, the one that went down in
- 24:57Robert Griggs: Baltimore.
- 24:58Robert Griggs: Right?
- 24:58Robert Griggs: Mhmm.
- 24:58Robert Griggs: Mhmm.
- 24:59Robert Griggs: We're we're putting the foundational pipe in for that.
- 25:02Robert Griggs: We've built pipe.
- 25:03Robert Griggs: We're the number one large diameter, meaning twenty four and above structural
- 25:07Robert Griggs: pipe manufacturer in America.
- 25:09Robert Griggs: And so we've done the Javits Center, of,
- 25:13Robert Griggs: Newark Airport, Venetia Bay Bridge.
- 25:17Robert Griggs: You know, the only thing you all might see is when you drive by
- 25:21Robert Griggs: a Topgolf, okay, all over the country, you've probably done twenty
- 25:25Robert Griggs: five of those.
- 25:26Robert Griggs: So or signs, quick trip signs, and you
- 25:30Robert Griggs: you would be shocked at how many signs we planted across America.
- 25:34Lisa Nichols: Yeah.
- 25:34Lisa Nichols: What a what an awesome story.
- 25:36Lisa Nichols: What an awesome story.
- 25:37Lisa Nichols: And the thing is, you know, Robert, as you're talking, I mean, that's the
- 25:41Lisa Nichols: other thing that people need to understand.
- 25:43Lisa Nichols: There's ebbs and flows.
- 25:44Lisa Nichols: And you said it yourself.
- 25:45Lisa Nichols: There's market conditions that we can't control, but let's control what we can control.
- 25:50Lisa Nichols: Right?
- 25:50Lisa Nichols: Let's focus on we what we can control, and there are plenty of those
- 25:54Lisa Nichols: things.
- 25:54Lisa Nichols: But let me ask you about this.
- 25:56Lisa Nichols: I think this is really,
- 25:59Lisa Nichols: I think this is I like this.
- 26:01Lisa Nichols: You have a no lying policy.
- 26:03Robert Griggs: Yeah.
- 26:04Lisa Nichols: And if you lie, you're fired.
- 26:07Lisa Nichols: But you have also a caveat where you say you can
- 26:12Lisa Nichols: recant that, and you will be forgiven.
- 26:15Lisa Nichols: Yeah.
- 26:16Lisa Nichols: But, you know, I mean, where did that come from?
- 26:21Robert Griggs: It comes from we do a lot of business over the phone and,
- 26:25Robert Griggs: you know, over the course of this, you have young salespeople, and everybody
- 26:30Robert Griggs: wants their customer to be happy.
- 26:32Robert Griggs: And it's very easy to say, yes.
- 26:34Robert Griggs: The truck is loaded
- 26:37Robert Griggs: or da da da instead of and what I really wanted to teach
- 26:42Robert Griggs: everyone was this.
- 26:43Robert Griggs: I don't know the answer.
- 26:44Robert Griggs: Let me get it for you.
- 26:46Robert Griggs: Or if you think the answer is bad, we
- 26:50Robert Griggs: we deliver bad news first.
- 26:53Robert Griggs: Okay?
- 26:54Robert Griggs: That's our mission.
- 26:55Robert Griggs: So you come in, we have a thing we call eat the frog.
- 26:59Robert Griggs: How would you eat a frog?
- 27:00Robert Griggs: Now I stole this from buying Tracy.
- 27:02Lisa Nichols: Everything Tracy.
- 27:04Lisa Nichols: Yeah.
- 27:05Robert Griggs: Everything I've done in my life, I've stole stolen from someone.
- 27:09Lisa Nichols: Yep.
- 27:09Robert Griggs: But eating a frog is so every salesman has a frog on their desk.
- 27:13Robert Griggs: And so the night before you leave, you write down all the things
- 27:17Robert Griggs: that have to get done and you start with the worst one.
- 27:20Robert Griggs: I'm making that call.
- 27:21Robert Griggs: I made all my call bad calls on the way to work.
- 27:24Robert Griggs: Hey, Jim.
- 27:25Robert Griggs: Our truck didn't go out last night.
- 27:27Robert Griggs: You let me know what I have to do.
- 27:29Robert Griggs: I'm driving over to a plant right now, and I'm gonna get all the
- 27:32Robert Griggs: information.
- 27:32Robert Griggs: So guess what?
- 27:33Robert Griggs: Two things happened.
- 27:34Robert Griggs: I've gotten it off my chest.
- 27:36Robert Griggs: Jim has a chance.
- 27:37Robert Griggs: He's mad at you.
- 27:39Robert Griggs: Okay?
- 27:40Robert Griggs: But he also has a chance if you tell him early to figure out
- 27:44Robert Griggs: how to solve his situation with his labor and his things.
- 27:48Robert Griggs: And so,
- 27:50Robert Griggs: it it just went that way.
- 27:52Robert Griggs: And here's another thing to understand.
- 27:55Robert Griggs: I can fix a mistake.
- 27:56Robert Griggs: I can't fix a lie.
- 27:58Robert Griggs: Yeah.
- 27:58Lisa Nichols: That's true.
- 28:00Robert Griggs: You lose credibility with people when you lie.
- 28:03Robert Griggs: And so I am going to tell you a quick story.
- 28:06Robert Griggs: I told a friend of mine, two days ago.
- 28:08Robert Griggs: I was on a podcast, and he goes, are you gonna tell him the
- 28:11Robert Griggs: Anchorage, Alaska story?
- 28:13Robert Griggs: And I go, yeah.
- 28:13Robert Griggs: Sure.
- 28:14Robert Griggs: And here's the thing.
- 28:15Robert Griggs: We tell everybody everything, and we mostly
- 28:19Robert Griggs: start with the bad and then go to the good.
- 28:22Robert Griggs: So Right.
- 28:24Robert Griggs: We had a call system set up for the salesman because I grew
- 28:28Robert Griggs: up in the old days where you made a hundred calls a day and
- 28:31Robert Griggs: you would you would get a hold of twenty people.
- 28:33Robert Griggs: And of that twenty people, you would get three inquiries.
- 28:36Robert Griggs: And of those three inquiries, you'd close one.
- 28:38Robert Griggs: So it was a numbers game, and it just gave us something.
- 28:40Robert Griggs: So one of the salesman,
- 28:44Robert Griggs: who,
- 28:46Robert Griggs: unfortunate well, fortunately, was a number two salesman.
- 28:49Robert Griggs: We this is a story of when AT and T had minutes
- 28:54Robert Griggs: and you got charged per minute, okay, of LV long distance.
- 28:58Robert Griggs: So this was a long time ago.
- 29:00Lisa Nichols: Yeah.
- 29:02Robert Griggs: We my, accountant young lady came in and said, I think AT
- 29:06Robert Griggs: and T has overcharged us by, fifty grand on our phone
- 29:10Robert Griggs: bill.
- 29:10Robert Griggs: And I go, no way.
- 29:11Robert Griggs: And so they did.
- 29:12Robert Griggs: They do they had it should have been six cents a minute and
- 29:16Robert Griggs: they charge us nine.
- 29:18Robert Griggs: So but she goes this was a Friday afternoon on the way home at
- 29:21Robert Griggs: four thirty.
- 29:22Robert Griggs: She goes, I got really bad news.
- 29:25Robert Griggs: She goes, x y z salesman called Anchorage, Alaska
- 29:29Robert Griggs: time and temperature four thousand time.
- 29:33Lisa Nichols: Oh my goodness.
- 29:34Lisa Nichols: Four thousand times?
- 29:36Robert Griggs: Yeah.
- 29:38Robert Griggs: Now, this is a lying thing.
- 29:41Robert Griggs: So he got fired, but it also comes
- 29:45Robert Griggs: back to something that I learned as you change now when you're
- 29:49Robert Griggs: learning.
- 29:50Robert Griggs: I had the goal set up incorrectly.
- 29:52Robert Griggs: Okay?
- 29:53Robert Griggs: I I had making the number of calls and and that sort of thing.
- 29:57Robert Griggs: So it so I would tell everybody in business.
- 30:00Robert Griggs: What you started as your matrix of what happened, is calling really
- 30:05Robert Griggs: the thing that it just number of calls, or is it am I on
- 30:09Robert Griggs: the phone with somebody and building a relationship?
- 30:12Robert Griggs: Right?
- 30:12Robert Griggs: And so how do you measure that?
- 30:14Robert Griggs: So partly, it was my fault,
- 30:18Robert Griggs: but that's how we change.
- 30:20Robert Griggs: So the recant thing is,
- 30:23Robert Griggs: listen, you get put under pressure and you say something, you call your customer
- 30:26Robert Griggs: back and say, Jim, I just checked.
- 30:28Robert Griggs: It's not gonna be there.
- 30:29Robert Griggs: And you walk into your boss and you say, hey, man.
- 30:32Robert Griggs: I told them that, but I fixed it.
- 30:33Robert Griggs: And so but because people looked at me and go, man, you know,
- 30:37Robert Griggs: if you if you're fired or lied, are we gonna have anybody here?
- 30:40Robert Griggs: And I go, yeah, we are because we're not gonna lie and all we're
- 30:43Robert Griggs: gonna do is tell the truth.
- 30:45Robert Griggs: We're gonna get to the finish line faster without having
- 30:49Robert Griggs: to create trouble.
- 30:52Robert Griggs: So that one was instituted.
- 30:54Robert Griggs: We still live by it.
- 30:55Robert Griggs: And then the second one that happened probably ten years ago, that was twenty
- 30:59Robert Griggs: years ago, which took me a long time to find out,
- 31:03Robert Griggs: no drama.
- 31:07Robert Griggs: Because there
- 31:09Lisa Nichols: That's good.
- 31:10Robert Griggs: There are people and organizations that are drama kings and queens.
- 31:14Lisa Nichols: They love it.
- 31:14Lisa Nichols: They love it.
- 31:15Lisa Nichols: They relish the drama.
- 31:17Robert Griggs: Yeah.
- 31:17Robert Griggs: And so what we did, and that started ten years ago, we
- 31:21Robert Griggs: know who the drama people are and we coach them up and say, I
- 31:25Robert Griggs: gotta be honest with you.
- 31:26Robert Griggs: This is not working for us.
- 31:28Robert Griggs: And so we we coach them to change.
- 31:30Robert Griggs: And if they can't change, we just ask them to move on.
- 31:34Lisa Nichols: Mhmm.
- 31:34Robert Griggs: Because our regular lives and businesses are too hard
- 31:38Robert Griggs: to get caught.
- 31:39Robert Griggs: It's not
- 31:39Lisa Nichols: Yes.
- 31:40Lisa Nichols: Agreed.
- 31:41Robert Griggs: Our rules are this.
- 31:43Robert Griggs: We have a boss.
- 31:44Robert Griggs: It's the customer.
- 31:45Robert Griggs: Serve them.
- 31:47Robert Griggs: Okay?
- 31:48Robert Griggs: Secondly, serve your employees by share we share the profits and we
- 31:52Robert Griggs: treat them fairly.
- 31:54Robert Griggs: Third, no lying.
- 31:55Robert Griggs: If you lie, you're fired.
- 31:56Robert Griggs: And then the fourth new one is,
- 32:00Robert Griggs: no drama.
- 32:01Lisa Nichols: No drama.
- 32:02Robert Griggs: No drama.
- 32:03Lisa Nichols: Yeah.
- 32:04Lisa Nichols: Oh my goodness.
- 32:04Lisa Nichols: Well, it doesn't do anybody any good, and it pulls everybody else down.
- 32:09Lisa Nichols: Right?
- 32:09Lisa Nichols: So I love I love those rules.
- 32:11Lisa Nichols: Well, I'm gonna ask you one more question, and then, we
- 32:15Lisa Nichols: do need to wrap up, and I'll ask you something extra.
- 32:19Lisa Nichols: But I know that you are you know, you talked about continuous improvement.
- 32:25Lisa Nichols: I know from reading about you, Robert, and even the short time that I've
- 32:29Lisa Nichols: been able to talk to you, you are a continuous learner.
- 32:33Lisa Nichols: You I mean, you said
- 32:35Robert Griggs: heard about it.
- 32:35Lisa Nichols: You know?
- 32:36Lisa Nichols: I mean, I've heard you quote Brian Tracy,
- 32:39Lisa Nichols: which I absolutely love to eat that frog.
- 32:41Lisa Nichols: I'll tell you I'll tell you something really funny.
- 32:44Lisa Nichols: So one day, I was trying to I was imparting these business principles to
- 32:48Lisa Nichols: our grandson.
- 32:49Lisa Nichols: And I was saying in Steuer, you know, they're because it was something about
- 32:52Lisa Nichols: homework, and he really it was a subject he really didn't like.
- 32:55Lisa Nichols: And I'm like, well, Brian Tracy says, you eat the frog.
- 32:59Lisa Nichols: And I said, that means you do what you like the least the first.
- 33:02Robert Griggs: Yeah.
- 33:03Lisa Nichols: And he goes, well, Yaya, it could also be eat the peas.
- 33:08Robert Griggs: It could be.
- 33:09Lisa Nichols: And I said, yes.
- 33:10Lisa Nichols: Because he will not eat anything green.
- 33:12Lisa Nichols: So, but, anyway but I know you're a big reader.
- 33:16Lisa Nichols: And, you know, I read this that here's some of your favorite books,
- 33:20Lisa Nichols: and I wanted you to comment if there's anything else, To Kill a Mockingbird.
- 33:25Robert Griggs: Oh, I love that one.
- 33:26Lisa Nichols: Yeah.
- 33:26Lisa Nichols: Skates of Fire.
- 33:27Robert Griggs: From the south, so you know what that one is.
- 33:29Lisa Nichols: I do.
- 33:30Lisa Nichols: I do know what that one is.
- 33:31Lisa Nichols: Is.
- 33:32Lisa Nichols: Yes.
- 33:32Lisa Nichols: I do.
- 33:33Lisa Nichols: Think and Grow Rich, The Great Game of Business.
- 33:35Lisa Nichols: We've already talked about Jack's Snacks book, Warren Buffett.
- 33:38Lisa Nichols: I would say anything by Warren Buffett.
- 33:40Lisa Nichols: Uncle Warren.
- 33:41Lisa Nichols: Anything my uncle Warren's great.
- 33:43Lisa Nichols: Elon Musk's book, Shoe Dog, that's a good one, by
- 33:48Lisa Nichols: Phil Knight.
- 33:49Lisa Nichols: Do you have any other ones that have just been really,
- 33:54Lisa Nichols: inspirational and and foundational for you?
- 33:57Robert Griggs: You know, the people don't the the Think and Grow Rich,
- 34:01Robert Griggs: okay, that is such a great story because it takes something
- 34:05Robert Griggs: nearly a hundred years ago, but all the principles are exactly
- 34:09Robert Griggs: the same.
- 34:10Robert Griggs: Mhmm.
- 34:11Robert Griggs: Okay?
- 34:11Robert Griggs: And so what it if you read think think and grow rich, what you're
- 34:15Robert Griggs: gonna find is all of this basic
- 34:19Robert Griggs: principles of treat people correctly, do the right thing.
- 34:24Robert Griggs: You know, I'm gonna go ahead and say eat the frog.
- 34:27Robert Griggs: Listen.
- 34:27Robert Griggs: When we make a mistake, we fix it.
- 34:30Robert Griggs: Okay?
- 34:31Robert Griggs: And when we mess something up, we are on the plane, and I've got
- 34:35Robert Griggs: one of my best customers ever,
- 34:38Robert Griggs: on things that we truly did poorly.
- 34:40Robert Griggs: Right?
- 34:41Robert Griggs: And, we thought we had systems in place, and we opened
- 34:45Robert Griggs: a second plant.
- 34:46Robert Griggs: And the the the the tribal knowledge here's another thing.
- 34:51Robert Griggs: When you think you have everything and you might have everything,
- 34:55Robert Griggs: locked down at home base, when you have a satellite base,
- 34:59Robert Griggs: you it's hard.
- 35:00Robert Griggs: Okay?
- 35:01Robert Griggs: And things get missed.
- 35:03Robert Griggs: And so,
- 35:05Robert Griggs: recently, I just read a really good one, but it was,
- 35:10Robert Griggs: Liar's Poker.
- 35:14Robert Griggs: And the reason I like that one is it talks about the bond market
- 35:17Robert Griggs: and the stock market of the eighties.
- 35:20Robert Griggs: Okay?
- 35:20Robert Griggs: And it gives you an idea of what Wall Street
- 35:24Robert Griggs: is like, which is scary.
- 35:27Robert Griggs: Mhmm.
- 35:27Robert Griggs: How they fix the game for them, but it's it's part of the world.
- 35:32Robert Griggs: And I just keep reading.
- 35:34Robert Griggs: I read things that I like.
- 35:36Robert Griggs: I read a lot of history.
- 35:39Robert Griggs: I'm excited about, the two hundred and fiftieth anniversary because
- 35:43Robert Griggs: I know a lot about about the revolution.
- 35:46Robert Griggs: So I tell people, and I was just at a Mizzou class, and I
- 35:50Robert Griggs: said, imagine,
- 35:52Robert Griggs: two hundred and fifty years ago, Ben Franklin, George Washington,
- 35:57Robert Griggs: Hamilton,
- 35:59Robert Griggs: John Adams, anybody that signed that declaration of independence,
- 36:05Robert Griggs: if we had lost, they would have been hung in Philadelphia and New
- 36:09Robert Griggs: York and then their bodies taken and then hung on the Tams River.
- 36:13Robert Griggs: Right?
- 36:14Robert Griggs: Mhmm.
- 36:15Robert Griggs: So how much courage did you have to have, okay, to go
- 36:19Robert Griggs: through and realize that everything that you work for
- 36:23Robert Griggs: probably sixty forty was gonna get taken away.
- 36:27Robert Griggs: There was no odds on that this was gonna work.
- 36:30Lisa Nichols: Mhmm.
- 36:31Robert Griggs: The Ken Burns episode that war of independence,
- 36:35Robert Griggs: I'm I'm watching the first few episodes again.
- 36:39Robert Griggs: You everybody should watch that because you don't realize how
- 36:43Robert Griggs: empowering.
- 36:44Robert Griggs: In order to get from Virginia to Philadelphia, okay, it took
- 36:48Robert Griggs: ten days.
- 36:49Robert Griggs: So they're riding on a coach or a horse to go to the Continental
- 36:53Robert Griggs: Congress.
- 36:54Robert Griggs: Right?
- 36:55Robert Griggs: Would anybody do anything for ten days and not be doing business today and
- 36:59Robert Griggs: have enough courage to do it for other people?
- 37:03Robert Griggs: And what you're gonna learn is we had the we had the
- 37:07Robert Griggs: north that wasn't involved in slavery, and we had the south that was involved
- 37:10Robert Griggs: in slavery, but they kinda tabled that topic because they wanted
- 37:14Robert Griggs: to become a country.
- 37:16Robert Griggs: Right?
- 37:16Robert Griggs: Mhmm.
- 37:17Robert Griggs: And they go, that's a fight I can't get they couldn't take on that
- 37:20Robert Griggs: fight today, but a hundred years later, we took on that fight.
- 37:23Lisa Nichols: Yeah.
- 37:24Robert Griggs: And right.
- 37:25Robert Griggs: I was just out at the Reagan Library, and if anybody gets out there,
- 37:30Lisa Nichols: I've heard nothing but amazing things about the Reagan Library.
- 37:35Robert Griggs: He was the first president that I remember that
- 37:39Robert Griggs: I caught on to that made me feel good.
- 37:42Robert Griggs: Right?
- 37:43Robert Griggs: And made me feel how important and he's an Illinois native and,
- 37:48Robert Griggs: you know, he worked in, for the actors studio, the unions,
- 37:52Robert Griggs: so he understood people.
- 37:54Robert Griggs: And there's just I'm really proud to be an American,
- 37:58Robert Griggs: and I'm I'm lucky, lucky lucky lucky
- 38:02Robert Griggs: that I am, and I'm lucky to have all these great people that
- 38:07Robert Griggs: work for us that and they deserve all the good fortune that they're having.
- 38:11Lisa Nichols: I agree.
- 38:12Lisa Nichols: I agree.
- 38:13Lisa Nichols: Well, Robert, just real quick, and I'm gonna ask you about something extra.
- 38:17Lisa Nichols: If you've not seen the Reagan movie,
- 38:20Lisa Nichols: watch the Reagan movie.
- 38:21Lisa Nichols: It is so good, so well done.
- 38:24Lisa Nichols: I just came away from there just feeling so patriotic, and
- 38:28Lisa Nichols: it it's just a fantastic movie.
- 38:32Lisa Nichols: But I have to ask you, Robert.
- 38:34Lisa Nichols: This is called Something Extra.
- 38:35Lisa Nichols: I ask every one of my guests, what do you believe is the something
- 38:39Lisa Nichols: extra that every leader needs?
- 38:42Robert Griggs: Well, I what I do extra is I went in the plant
- 38:47Robert Griggs: every day and I learned everybody and I asked them about their family and
- 38:50Robert Griggs: I kept up with them.
- 38:52Robert Griggs: And the other something extra that we did,
- 38:56Robert Griggs: in the when I was a kid, there was family there to support
- 39:00Robert Griggs: you, so you always kinda had a backstop.
- 39:03Robert Griggs: Okay?
- 39:04Robert Griggs: Mhmm.
- 39:05Robert Griggs: Mhmm.
- 39:05Robert Griggs: There there's not many backstops today, so Trinity
- 39:09Robert Griggs: ended up being a back stop for people.
- 39:11Robert Griggs: So if somebody had car trouble and things went wrong, we loan
- 39:15Robert Griggs: them money to get their car fixed.
- 39:17Lisa Nichols: Oh, I love that.
- 39:19Robert Griggs: We went the extra mile because, guess what,
- 39:23Robert Griggs: Somebody needs to do it, and we need them.
- 39:25Robert Griggs: And we never had a bad feeling if something went wrong and they didn't
- 39:29Robert Griggs: pay it back or the world ended.
- 39:31Robert Griggs: It wasn't that.
- 39:31Robert Griggs: We did it because we wanted to do good things.
- 39:34Robert Griggs: And what happens when you do good things for people,
- 39:38Robert Griggs: they talk about it.
- 39:40Robert Griggs: Right?
- 39:40Robert Griggs: And when you do bad things for against people, they
- 39:43Lisa Nichols: talk about it.
- 39:44Lisa Nichols: Right.
- 39:45Lisa Nichols: Yes.
- 39:45Robert Griggs: So why not do good things and make them wanna be involved with you
- 39:49Robert Griggs: and make them go the extra mile for you and make let them
- 39:53Robert Griggs: be successful while you're being successful.
- 39:56Robert Griggs: Right?
- 39:56Robert Griggs: So the more you give, the more you receive and,
- 40:00Robert Griggs: enjoy it and, you know, just show up and work hard every day.
- 40:04Lisa Nichols: That's so good.
- 40:06Lisa Nichols: This has been so good.
- 40:08Lisa Nichols: You are just a a wealth of wisdom, Robert, and,
- 40:13Lisa Nichols: I appreciate you making the time so much to be on the show today.
- 40:16Lisa Nichols: And I really do believe that your story is gonna help other people.
- 40:20Lisa Nichols: And Well,
- 40:21Robert Griggs: I hope.
- 40:21Lisa Nichols: That's And that's why yeah.
- 40:23Lisa Nichols: That's why we do this podcast seriously.
- 40:26Lisa Nichols: So
- 40:27Robert Griggs: And that Jack and I said, Jack, you changed my life when I read
- 40:31Robert Griggs: your book.
- 40:31Robert Griggs: Okay?
- 40:32Robert Griggs: And so I asked Jack to do the forward for our book and
- 40:36Robert Griggs: he said, I really like the avenue you took it from the shop out.
- 40:40Robert Griggs: And so I just hope that one person reads that book and changes something
- 40:44Robert Griggs: they do and something successful
- 40:47Robert Griggs: happens for them.
- 40:48Robert Griggs: And that would be a great thing to know.
- 40:50Lisa Nichols: Yeah.
- 40:51Lisa Nichols: Well, thanks again, Robert.
- 40:52Lisa Nichols: This has been delightful for me.
- 40:54Announcer: Something extra with Lisa Nichols is a Technology Partners production.
- 40:58Announcer: Copyright Technology Partners Inc.
- 41:00Announcer: Twenty nineteen.
- 41:01Announcer: To learn more about this week's guest, check out the show notes at tpi
- 41:05Announcer: dot co slash podcast.
- 41:08Announcer: If you enjoyed this episode, consider leaving us a review.
- 41:11Announcer: Thank you for listening to Something Extra.