A short YouTube monologue by Brad Hart recounting Tony Robbins’ experience of returning to $750,000 in debt after overly outsourcing business operations. The speaker uses the anecdote to advise business owners not to fully outsource two critical responsibilities—marketing/message and control of the checkbook—and emphasizes checks and balances and personal accountability.
Chapters
Tony Robbins originally had a company where he basically just hired two guys to go and run his business for him. He said, okay, I'm going to go out and be on the road and I'm going to do my Tony Robbins thing. It's all going to be great and it'll all work out. Unfortunately, came back to $750,000 in debt and thought he'd have to bankrupt the company. Even though he's making millions. It's all going right back out the door. People were stealing. It wasn't clear there weren't checks and balances. So there's two things you can never outsource, and this is a great lesson to take away, is the marketing. Right. The message that you're putting out in the world, and the checkbook. As a business owner, that's the two things you never really completely let go of, even when you have a cfo. Like, you need checks and balances. Yeah, yeah. That's a really important distinction. Is like as a star, being that star, allowing yourself to be that star, but then having those checks and balances your business to make sure that, you know, the resources aren't misallocated or the people are not taken care of, and that's your responsibility. It's your name on the doors.