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John Mackey

๐Ÿ‘ค Speaker
1501 total appearances

Appearances Over Time

Podcast Appearances

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

They loved us.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

Our team members worked for free until we could get reopened.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

to pay them.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

And if we didn't get open, we wouldn't be able to pay them.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

Our suppliers gave us more inventory.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

Our investors put more capital in.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

The bank loaned $100,000 to us on my signature, which I assure you was absolutely worthless.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

And we got reopened and we never looked back.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

And we just went on from success to success after that.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

It's a great question.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

So I believe the hardest expansion a retailer ever does is going from one to two stores.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

Actually, that's 100% growth.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

And now you have to create systems for the first time.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

It can't all be tacit knowledge that you keep in your head.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

You need to write things down and create policies that both stores will follow.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

So since we had four co-founders, we kind of divided it up into three.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

two people at each store.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

But then, so it took us two years to get, after Whole Foods, it took us two years to get the second one open.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

Then two years after that, we got the third one open.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

And two years after that, we got the fourth one open.