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David Grau Sr.

๐Ÿ‘ค Speaker
861 total appearances

Appearances Over Time

Podcast Appearances

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

That was the best thing that could have happened to them.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

Well, you know, first of all, I always I told young people in my office, always hire people who are better than you, especially if you're an owner.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

I mean, you just have to practice that.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

Second, give them an opportunity to have more than just a paycheck.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

And so equity.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

create an ownership track i mean you could still be a 51 owner or more you can still be the cel and you can be you know chairman of the board you're not going to give up control but if if somebody you know in their 30s maybe early 40s sits down and makes a decision not only with their career but with their investment money and they say i'm going to invest in the place i work

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

and the work that I do.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

And I'm going to stick with this for the rest of my career.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

And I'm going to turn this into the single largest most valuable asset I own my 10% of this fast growing company.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

Now, while it may be hard to replace them, you have a reason you have a better way to hold on to them.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

So bring the good talent and don't let them go.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

What's the best way to hang on to ownership?

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

Let me give you another answer to the question.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

One of the books I wrote was for the 30-year-olds.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

It said, listen, you could take your skills and go hang out your own shingle, but before you do that, that's a lot of work.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

There's a fair amount of risk, and

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

Frankly, you'll just jump on that treadmill and you're going to own a job with overhead.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

So rather than do that, investigate the possibility of investing and buying in to where you started working.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

But then we ran into another issue that came up, and hopefully I'm solving it with another book I wrote called The Stewardship Advantage.

Escaping the Drift with John Gafford
Building a Business That Outlasts You (David Grau Sr.)

And if my black and white books are the how, the stewardship advantage is why.