Emotional Decisions Cost Business
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Sam shares a story about how his emotional decision-making has cost him in business.
"I lose my temper and get very emotional. I've lost a lot of money doing that. For example, with an employee who has maybe underperformed even though they talk like they're hot stuff - I would just fire them instead of thinking 'we could definitely salvage this.'
There's lots of ways to salvage things and make them better for a net positive, but more often than not I'll be like 'No, I'm out, I don't want to deal with the headache.' It's a very emotional decision. Sometimes it's ego, oftentimes it's temper, but mostly if I think someone is trying to get one over on me, I'm like 'fuck them, I want to crush them.'
I make a ton of emotional decisions as opposed to practical decisions."
[Shaan confirms this trait, mentioning Sam has gotten mad at him before when Sam thought Shaan was trying to take advantage, though that wasn't Shaan's intent. Sam gives an example where he got mad at Shaan for being late, thinking "he doesn't care about this."]
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.