Small Business Lessons from Colin Cowherd and Trading Places

All you need to know about business you can learn from Colin Cowherd and Trading Places.

Not really because business school taught me some very specific skills that I need and use but there is some truth to that statement.  What business school does not teach you is how to think and react.  Life and the Dukes do that.

Trading Places kind of speaks for itself but every time the wheat market goes nuts, like it is as I write this, I long for a Mr. Beeks at my fingertips…

Colin is not quite as obvious.   For those that don’t know him, he is a radio personality with a show from 11-1 EDT on ESPN Radio …sports talk with a football and NBA slant.  To me a very good show for what it is.  More than most, he knows his stuff but he is practical.  He uses common sense instead of getting caught up in the emotion that is sports.  Like his rant last week that when you consider TV’s, jewelry and cars to be great investments, you are going to be broke.  The first question many newly drafted athletes get asked is what are you going to do with your money and the answer is rarely invest it.  Which is why so many aren’t as set for life as we would expect.

But there is one place where he is a great life instructor.  His interview questions are awesome.  No punches pulled.  No angle.  Great at what he does.  But, if you ever see the show on TV (his show is simulcast on one of the ESPN TV networks) you realize he asks a great question, but then doesn’t listen to the answer.  He has his head down prepping for how he will ask the next great question instead of listening to the answer to formulate the better ad hoc, follow up question.  That has caused him to miss some great openings. 

The lesson?  Preparation and a plan can take you far in life but equally important is paying attention to how your markets react to your plan so that you don’t miss the opening that takes you from good to great.  Or from great to awesome.  And, be friends with Clarence if you need to buy commodities…

This is what the freedom franchise is all about.  We help you prepare and put together your plan but you get to react as you build your bread store and get to know your customers better than anyone else ever could.

Any other fans of the Herd out there?

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