hi I’m Evan Carmichael and welcome to another edition of balling the Masters
another edition of balling the Masters
another edition of balling the Masters today we’re gonna look at how a young
today we’re gonna look at how a young
today we’re gonna look at how a young man orphaned as a teenager turned his
man orphaned as a teenager turned his
man orphaned as a teenager turned his love of aviation into a multi-billion
love of aviation into a multi-billion
love of aviation into a multi-billion dollar empire this is a story of Howard
dollar empire this is a story of Howard
dollar empire this is a story of Howard Hughes
Hughes
Hughes the top three lessons that you can learn
the top three lessons that you can learn
the top three lessons that you can learn from his success Howard row Bart Hughes
from his success Howard row Bart Hughes
from his success Howard row Bart Hughes jr. was an American industrialist
jr. was an American industrialist
jr. was an American industrialist aviator engineer film producer director
aviator engineer film producer director
aviator engineer film producer director philanthropist and one of the wealthiest
philanthropist and one of the wealthiest
philanthropist and one of the wealthiest people in the world when Hughes was a
people in the world when Hughes was a
people in the world when Hughes was a teenager he lost both his parents and
teenager he lost both his parents and
teenager he lost both his parents and was left with the family inheritance
was left with the family inheritance
was left with the family inheritance from money his father made by selling
from money his father made by selling
from money his father made by selling his inventions ever ambitious he was
his inventions ever ambitious he was
his inventions ever ambitious he was quoted as saying I intend to be the
quoted as saying I intend to be the
quoted as saying I intend to be the greatest golfer in the world the finest
greatest golfer in the world the finest
greatest golfer in the world the finest producer in Hollywood the greatest pilot
producer in Hollywood the greatest pilot
producer in Hollywood the greatest pilot in the world and the richest man in the
in the world and the richest man in the
in the world and the richest man in the world
world
world Hughes aggressively pursued business
Hughes aggressively pursued business
Hughes aggressively pursued business interests in Hollywood films airlines
interests in Hollywood films airlines
interests in Hollywood films airlines and hotels and casinos to expand his
and hotels and casinos to expand his
and hotels and casinos to expand his empire he managed to turn his $1,000,000
empire he managed to turn his $1,000,000
empire he managed to turn his $1,000,000 inheritance into a two billion dollar
inheritance into a two billion dollar
inheritance into a two billion dollar fortune equivalent to 6.6 billion in
fortune equivalent to 6.6 billion in
fortune equivalent to 6.6 billion in today’s dollars Howard Hughes was and
today’s dollars Howard Hughes was and
today’s dollars Howard Hughes was and still would be considered one of the
still would be considered one of the
still would be considered one of the richest men
by being aggressive with his growth
by being aggressive with his growth plans and by keeping his eye on the
plans and by keeping his eye on the
plans and by keeping his eye on the prize Hughes was able to become one of
prize Hughes was able to become one of
prize Hughes was able to become one of the richest men in the world to help you
the richest men in the world to help you
the richest men in the world to help you aggressively grow your business here are
aggressively grow your business here are
aggressively grow your business here are three action items that you can learn
three action items that you can learn
three action items that you can learn from Howard Hughes action item number
from Howard Hughes action item number
from Howard Hughes action item number one surround yourself with the best as
one surround yourself with the best as
one surround yourself with the best as entrepreneurs we can’t do everything
entrepreneurs we can’t do everything
entrepreneurs we can’t do everything ourselves I need to recognize what we’re
ourselves I need to recognize what we’re
ourselves I need to recognize what we’re good at
good at
good at and what we need to delegate to others
and what we need to delegate to others
and what we need to delegate to others to help us with getting the right team
to help us with getting the right team
to help us with getting the right team in place is one of the most important
in place is one of the most important
in place is one of the most important tasks you’ll ever do as a business owner
tasks you’ll ever do as a business owner
tasks you’ll ever do as a business owner after inheriting his father’s company as
after inheriting his father’s company as
after inheriting his father’s company as a teenager he was recognized that he
a teenager he was recognized that he
a teenager he was recognized that he didn’t have the know-how to run the
didn’t have the know-how to run the
didn’t have the know-how to run the business and look for someone who could
business and look for someone who could
business and look for someone who could he hired 36 year old Noah Dietrich to
he hired 36 year old Noah Dietrich to
he hired 36 year old Noah Dietrich to become his accountant and right-hand man
become his accountant and right-hand man
become his accountant and right-hand man on a $10,000 a year salary for the next
on a $10,000 a year salary for the next
on a $10,000 a year salary for the next three decades Dietrich eventually became
three decades Dietrich eventually became
three decades Dietrich eventually became director vice president and CEO of
director vice president and CEO of
director vice president and CEO of various branches of Hughes’s Empire
various branches of Hughes’s Empire
various branches of Hughes’s Empire according the Robert Mayhew a chief
according the Robert Mayhew a chief
according the Robert Mayhew a chief adviser to Hughes Dietrich was
adviser to Hughes Dietrich was
adviser to Hughes Dietrich was delivering Howard profits of 50 to 55
delivering Howard profits of 50 to 55
delivering Howard profits of 50 to 55 million dollars a year big bucks in
million dollars a year big bucks in
million dollars a year big bucks in those days action item number two don’t
those days action item number two don’t
those days action item number two don’t give up on your goals whatever your
give up on your goals whatever your
give up on your goals whatever your goals are for your business you need to
goals are for your business you need to
goals are for your business you need to keep attacking them until you accomplish
keep attacking them until you accomplish
keep attacking them until you accomplish them forget about what other people say
them forget about what other people say
them forget about what other people say and that the odds might be stacked
and that the odds might be stacked
and that the odds might be stacked against you take consistent action every
against you take consistent action every
against you take consistent action every day until you reach your targets and
day until you reach your targets and
day until you reach your targets and believe that you can do it the hugheses
believe that you can do it the hugheses
believe that you can do it the hugheses h4 Hercules was the world’s largest
h4 Hercules was the world’s largest
h4 Hercules was the world’s largest flying boat the largest aircraft made
flying boat the largest aircraft made
flying boat the largest aircraft made from wood and had the biggest wingspan
from wood and had the biggest wingspan
from wood and had the biggest wingspan of any aircraft ever built it was
of any aircraft ever built it was
of any aircraft ever built it was contracted by the US government to
contracted by the US government to
contracted by the US government to transport troops across the Atlantic to
transport troops across the Atlantic to
transport troops across the Atlantic to avoid German u-boats in the Second World
avoid German u-boats in the Second World
avoid German u-boats in the Second World War
War
War nicknamed the Spruce Goose it was three
nicknamed the Spruce Goose it was three
nicknamed the Spruce Goose it was three times the size of the largest plane ever
times the size of the largest plane ever
times the size of the largest plane ever previously built nobody thought Hughes
previously built nobody thought Hughes
previously built nobody thought Hughes would ever get it off the ground
would ever get it off the ground
would ever get it off the ground kept pushing towards his goal despite
kept pushing towards his goal despite
kept pushing towards his goal despite the naysayers according to Hughes the
the naysayers according to Hughes the
the naysayers according to Hughes the thing was a black sheep
thing was a black sheep
thing was a black sheep nobody wanted to fool around with it or
nobody wanted to fool around with it or
nobody wanted to fool around with it or become contaminated by it we’re working
become contaminated by it we’re working
become contaminated by it we’re working in a complete vacuum as to information
in a complete vacuum as to information
in a complete vacuum as to information based upon prior performance and prior
based upon prior performance and prior
based upon prior performance and prior design I defy anyone today to design an
design I defy anyone today to design an
design I defy anyone today to design an airplane substantially more efficient
airplane substantially more efficient
airplane substantially more efficient than this one for its purpose action
than this one for its purpose action
than this one for its purpose action atom number three be hands on being an
atom number three be hands on being an
atom number three be hands on being an active part of your business is crucial
active part of your business is crucial
active part of your business is crucial to its success you need to know when the
to its success you need to know when the
to its success you need to know when the higher people were you also need to know
higher people were you also need to know
higher people were you also need to know what your job is and show people that
what your job is and show people that
what your job is and show people that you’re dedicated to doing it and inspire
you’re dedicated to doing it and inspire
you’re dedicated to doing it and inspire them to do their job to the best of
them to do their job to the best of
them to do their job to the best of their abilities with some of the best
their abilities with some of the best
their abilities with some of the best people in the industry working form
people in the industry working form
people in the industry working form Hughes could have chosen to distance
Hughes could have chosen to distance
Hughes could have chosen to distance himself from goings ons as the various
himself from goings ons as the various
himself from goings ons as the various enterprises but instead Hughes chose to
enterprises but instead Hughes chose to
enterprises but instead Hughes chose to be hands-on involving himself in even
be hands-on involving himself in even
be hands-on involving himself in even the smallest of details he would
the smallest of details he would
the smallest of details he would personally test fly all the planes that
personally test fly all the planes that
personally test fly all the planes that he helped design he would often even put
he helped design he would often even put
he helped design he would often even put his own life at risk
his own life at risk
his own life at risk to involve himself and improve his
to involve himself and improve his
to involve himself and improve his product he was also for the most part
product he was also for the most part
product he was also for the most part adored by his staff who appreciated his
adored by his staff who appreciated his
adored by his staff who appreciated his hands-on approach and were inspired by
hands-on approach and were inspired by
hands-on approach and were inspired by his dedication and enthusiasm
his dedication and enthusiasm
his dedication and enthusiasm according to Hughes if I’ve made a
according to Hughes if I’ve made a
according to Hughes if I’ve made a mistake in the design then I’m the one
mistake in the design then I’m the one
mistake in the design then I’m the one who should pay for it I certainly would
who should pay for it I certainly would
who should pay for it I certainly would not ask somebody else to fly plane if I
not ask somebody else to fly plane if I
not ask somebody else to fly plane if I were afraid to do it myself
so remember surround yourself with the
so remember surround yourself with the best don’t give up on your goals and be
best don’t give up on your goals and be
best don’t give up on your goals and be hands-on to finish up this video I
hands-on to finish up this video I
hands-on to finish up this video I wanted to share some of my favorite
wanted to share some of my favorite
wanted to share some of my favorite quotes from Howard Hughes and his best
quotes from Howard Hughes and his best
quotes from Howard Hughes and his best true story
Hughes’s love of flying roofs began when
Hughes’s love of flying roofs began when he attended a Yale Harvard Boat Race
he attended a Yale Harvard Boat Race
he attended a Yale Harvard Boat Race with his father after his father lost a
with his father after his father lost a
with his father after his father lost a bet the Harvard would win the
bet the Harvard would win the
bet the Harvard would win the fourteen-year-old Hughes was promised
fourteen-year-old Hughes was promised
fourteen-year-old Hughes was promised anything he wanted while his dad
anything he wanted while his dad
anything he wanted while his dad proposed buying him his own boat
proposed buying him his own boat
proposed buying him his own boat Hughes jr. asked to fly in the old
Hughes jr. asked to fly in the old
Hughes jr. asked to fly in the old broken-down seaplane anchored in front
broken-down seaplane anchored in front
broken-down seaplane anchored in front of their hotel with the plane’s old age
of their hotel with the plane’s old age
of their hotel with the plane’s old age in its corroded wires he was his
in its corroded wires he was his
in its corroded wires he was his father’s initial reaction was no but
father’s initial reaction was no but
father’s initial reaction was no but used jr. proved so persistent that he
used jr. proved so persistent that he
used jr. proved so persistent that he could not be denied he finally gave in
could not be denied he finally gave in
could not be denied he finally gave in said Hughes this was the very first
said Hughes this was the very first
said Hughes this was the very first contact I had with flying throughout his
contact I had with flying throughout his
contact I had with flying throughout his career many more were forced to give in
career many more were forced to give in
career many more were forced to give in to Hughes his desires thank you for
to Hughes his desires thank you for
to Hughes his desires thank you for joining me for another edition of Molly
joining me for another edition of Molly
joining me for another edition of Molly the Masters if you enjoyed the video
the Masters if you enjoyed the video
the Masters if you enjoyed the video please give it a thumbs up I’d also love
please give it a thumbs up I’d also love
please give it a thumbs up I’d also love to hear your thoughts and feedback if
to hear your thoughts and feedback if
to hear your thoughts and feedback if you want to leave comment below the
you want to leave comment below the
you want to leave comment below the video and stay tuned to the next episode
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