How You Can Achieve Market Dominance Through a Growth Mindset w/ Ken Schmidt
In this episode, Ken Schmidt offers insights into market leadership. He defines success, emphasizes collaboration, and outlines turnaround strategies. Schmidt values learning from failures and prioritizes others' success. His approach involves seeking peer wisdom and inclusive decision-making, reflecting a proactive path to achievement.
Watch the full episode on youtube: https://youtu.be/ESZiSTmOqrs
About Ken Schmidt
As a former communications director at Harley-Davidson, he contributed to a celebrated corporate turnaround while enjoying motorcycle rides on the job. A renowned thought leader, he's delivered over a thousand engaging keynote speeches worldwide on competition, brand management, and more. His latest book, "Make Some Noise: The Unconventional Road to Dominance," offers unique insights into enhancing competitiveness, reflecting his unexpected perspective.
Please click here to learn more about: https://kenspeaks.com/
About Brad Sugars
Internationally known as one of the most influential entrepreneurs, Brad Sugars is a bestselling author, keynote speaker, and the #1 business coach in the world. Over the course of his 30-year career as an entrepreneur, Brad has become the CEO of 9+ companies and is the owner of the multimillion-dollar franchise ActionCOACH®. As a husband and father of five, Brad is equally as passionate about his family as he is about business. That’s why, Brad is a strong advocate for building a business that works without you – so you can spend more time doing what really matters to you. Over the years of starting, scaling and selling many businesses, Brad has earned his fair share of scars. Being an entrepreneur is not an easy road. But if you can learn from those who have gone before you, it becomes a lot easier than going at it alone.
Please click here to learn more about Brad Sugars: https://bradsugars.com/
Build a Business That Gives You More Time, Money & Life:
Get The $100M Playbook: https://go.bradsugars.com/100m-playbook-ebook
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WEBVTT 00:00:00.040 --> 00:00:01.163 <v Speaker 1>You're all in or you're all out. 00:00:01.163 --> 00:00:03.407 <v Speaker 1>I got to see it To know that it's real. 00:00:03.407 --> 00:00:04.333 <v Speaker 1>Make it real. 00:00:04.333 --> 00:00:05.078 <v Speaker 1>Make me a believer. 00:00:05.078 --> 00:00:08.230 <v Speaker 1>We're here with Ken Schmitz, president of the Ken Schmitz Companies. 00:00:08.230 --> 00:00:10.720 <v Speaker 1>He is a genius at all things marketing. 00:00:10.720 --> 00:00:14.291 <v Speaker 1>The former director of communication at Harley-Davidson. 00:00:14.291 --> 00:00:18.263 <v Speaker 1>His book, called Make Some Noise, is really about how to create market dominance. 00:00:18.362 --> 00:00:24.208 <v Speaker 2>If somebody's doing something better than we are, we have to start putting together a plan to do it better than they are. 00:00:24.208 --> 00:00:25.910 <v Speaker 2>We cannot allow them to dominate us. 00:00:25.929 --> 00:00:30.033 <v Speaker 1>We want them to lose and me to win, dominators win. 00:00:30.033 --> 00:00:32.595 <v Speaker 1>What is success to you, brad? 00:00:32.595 --> 00:00:33.396 <v Speaker 1>That's a great question. 00:00:33.417 --> 00:00:34.356 <v Speaker 2>I'm glad you asked. 00:00:34.356 --> 00:00:41.569 <v Speaker 2>Success to me is going to bed at night feeling like I did something, that I accomplished something today that I'm proud of. 00:00:41.569 --> 00:00:43.926 <v Speaker 2>I'm not going to bed at night regretting things that I'm proud of. 00:00:43.926 --> 00:00:45.280 <v Speaker 2>I'm not going to bed at night regretting things that I didn't do. 00:00:45.600 --> 00:00:50.881 <v Speaker 1>How do you make certain you do get stuff done in a day, that you do add value and you do those great things? 00:00:51.503 --> 00:00:53.567 <v Speaker 2>I'm a list maker, so I make my checklist. 00:00:53.567 --> 00:01:00.612 <v Speaker 2>Okay, here's what I have to get done today, here's who I have to talk to, and until those things are done, the playtime gets put off. 00:01:00.901 --> 00:01:03.554 <v Speaker 1>So let me ask you this then what's your theories? 00:01:03.554 --> 00:01:04.960 <v Speaker 1>Because here on, big Success gets put off. 00:01:04.960 --> 00:01:06.082 <v Speaker 1>So let me ask you this then what's your theories? 00:01:06.082 --> 00:01:08.989 <v Speaker 1>Because here on Big Success, it's all about success, with whatever people's definition of that is. 00:01:08.989 --> 00:01:12.626 <v Speaker 1>What else does it take to be a success or be successful? 00:01:13.069 --> 00:01:19.787 <v Speaker 2>To me, one of the driving points of my career is always asking questions, asking people who are really good at what they do. 00:01:19.787 --> 00:01:20.530 <v Speaker 2>How do you do that? 00:01:20.530 --> 00:01:21.981 <v Speaker 2>How did you discover that? 00:01:21.981 --> 00:01:24.308 <v Speaker 2>What were some of the challenges that you had? 00:01:24.308 --> 00:01:32.429 <v Speaker 2>99.9% of people will answer the questions when you ask them something. 00:01:32.429 --> 00:01:32.912 <v Speaker 2>I figured you know what. 00:01:32.912 --> 00:01:34.319 <v Speaker 2>Why shouldn't I learn from people that have already blazed the trails? 00:01:34.319 --> 00:01:36.546 <v Speaker 2>If they're doing it well, show me, and then. 00:01:36.587 --> 00:01:37.269 <v Speaker 1>I'll show others. 00:01:37.269 --> 00:01:39.647 <v Speaker 1>How do you get around the right people? 00:01:39.840 --> 00:01:43.027 <v Speaker 2>Early in my career what I decided I was going to do. 00:01:43.027 --> 00:01:47.843 <v Speaker 2>I was working in Chicago at a marketing firm there and I figured you know what? 00:01:47.843 --> 00:01:55.581 <v Speaker 2>I'm meeting a lot of nice people here at the agency that I work with that are smart and talented, but I need to get more plugged into the marketing community as a whole. 00:01:55.581 --> 00:02:06.712 <v Speaker 2>So I joined essentially every big association in Chicago and then I got involved in leadership positions in those meetings because that in essence plugged me into the movers and shakers. 00:02:07.120 --> 00:02:13.610 <v Speaker 1>What are some of the great questions that if someone's young and they're looking this, what should they be asking great, successful people? 00:02:13.819 --> 00:02:15.768 <v Speaker 2>How did you land here in the corner office? 00:02:15.768 --> 00:02:18.348 <v Speaker 2>How did you get this mantle? 00:02:18.348 --> 00:02:20.045 <v Speaker 2>How did you get these awards? 00:02:20.045 --> 00:02:20.788 <v Speaker 2>How did you get all this? 00:02:20.788 --> 00:02:25.671 <v Speaker 2>Tell me your path to get to where you are and all the mistakes that you made. 00:02:25.671 --> 00:02:28.528 <v Speaker 2>And again, people always answer the questions. 00:02:29.120 --> 00:02:34.193 <v Speaker 1>How did you use learnings or failures or mistakes to help you become successful? 00:02:34.379 --> 00:02:46.652 <v Speaker 2>We have to try doing things that not only we've never done before, but that no one that we know of has done before, which is pretty much saying, look, we have to accept up front, there's a chance that some of this stuff might not work. 00:02:46.652 --> 00:02:50.350 <v Speaker 2>Look at something that didn't work and kind of wallow in the pity of a second. 00:02:50.350 --> 00:02:52.568 <v Speaker 2>There's always something you can learn from that. 00:02:52.568 --> 00:02:54.606 <v Speaker 2>Hey, we're not going to do that again. 00:02:56.661 --> 00:03:03.066 <v Speaker 1>Ken, let's talk about a quote that I wrote down when you spoke for us here in Las Vegas at our BizX event. 00:03:03.066 --> 00:03:06.889 <v Speaker 1>People support what they help create. 00:03:06.889 --> 00:03:13.241 <v Speaker 1>How do you have success in getting people to help you create the business and the success and all of those things? 00:03:13.361 --> 00:03:18.882 <v Speaker 2>It's just a matter of involving people in the decisions about things that are important to them. 00:03:19.021 --> 00:03:24.010 <v Speaker 1>How do you succeed at creating a tattoo worthy brand People look at? 00:03:24.251 --> 00:03:30.811 <v Speaker 2>a Harley Davidson tattoo on somebody's body and they instantly equate that with a motorcycle or a product. 00:03:30.811 --> 00:03:36.174 <v Speaker 2>So that person is expressing his or her loyalty to their motorcycle, and that's not true. 00:03:36.174 --> 00:03:42.972 <v Speaker 2>That was the kind of thinking that eventually bankrupted our business the belief that it was all about product. 00:03:42.972 --> 00:03:47.344 <v Speaker 2>When we express loyalty to a company, we're not expressing it to what they do. 00:03:47.344 --> 00:03:50.111 <v Speaker 2>We're doing it expressing that loyalty to who they are. 00:03:50.659 --> 00:03:53.449 <v Speaker 1>How else do you create real success in loyalty? 00:03:53.639 --> 00:03:57.211 <v Speaker 2>Say and do something to that person that they're going to remember and that's not hard to do. 00:03:57.659 --> 00:04:00.890 <v Speaker 1>How do we succeed at dominance, I guess in a market? 00:04:01.120 --> 00:04:08.854 <v Speaker 2>Instead of focusing on all the things that you're not wanting, you just focus on crushing as many competitors as you can, because you know what. 00:04:08.854 --> 00:04:11.425 <v Speaker 2>All your competitors probably have that same mindset. 00:04:11.425 --> 00:04:13.550 <v Speaker 2>Hey, we're just happy to be in the game. 00:04:13.550 --> 00:04:21.343 <v Speaker 2>In order for me to win and be successful, that means I need to be better than, or be perceived as better than, these people I'm competing against. 00:04:21.343 --> 00:04:27.786 <v Speaker 2>So in my mind, I want them to lose and me to win, and dominators win. 00:04:28.220 --> 00:04:30.468 <v Speaker 1>How do you become a successful CMO? 00:04:30.468 --> 00:04:30.860 <v Speaker 1>You? 00:04:31.161 --> 00:04:37.132 <v Speaker 2>always should be working with the absolute best available people. 00:04:37.560 --> 00:04:47.423 <v Speaker 1>It lifts you up because you all learn from each other, and then you constantly challenge each other, to push each other, to always ask why you know that dominance that you talk about. 00:04:47.423 --> 00:04:48.245 <v Speaker 1>How do you do that? 00:04:48.855 --> 00:04:55.035 <v Speaker 2>First of all, it's very much a mindset, and I call it a very contagious mindset. 00:04:55.035 --> 00:05:02.129 <v Speaker 2>The quest for dominance and the visible effort behind doing that is a very contagious thing. 00:05:02.129 --> 00:05:20.225 <v Speaker 2>If I, as a leader, or someone who's working with a team, is pushing and pushing ourselves, saying there's no reason why we can't take this a level higher, there's no reason why we shouldn't do better each quarter than we did the quarter before, and here's how we're going to do that and just not let off the gas. 00:05:20.446 --> 00:05:23.478 <v Speaker 1>How do you keep yourself in that mindset? 00:05:23.519 --> 00:05:29.992 <v Speaker 2>It's all about mindset and confidence and always asking questions. 00:05:29.992 --> 00:05:36.747 <v Speaker 2>If a business isn't succeeding, it's because the person running it or the people running it aren't asking enough questions. 00:05:36.747 --> 00:05:42.548 <v Speaker 2>They're not turning over every rock to say what exactly are we not doing right here? 00:05:42.548 --> 00:05:51.946 <v Speaker 2>And they're also not and this is absolutely key they're not asking the people that they serve what they can and should be doing differently or better. 00:05:51.946 --> 00:05:54.141 <v Speaker 2>What would you like to see us do? 00:05:54.141 --> 00:05:57.223 <v Speaker 2>We're trying to go from good to great. 00:05:57.223 --> 00:05:59.423 <v Speaker 2>We're trying to be absolutely dominant. 00:05:59.423 --> 00:06:00.540 <v Speaker 2>How can we do that? 00:06:00.540 --> 00:06:02.882 <v Speaker 2>How can we better serve you? 00:06:02.882 --> 00:06:05.499 <v Speaker 2>What would you like to see us do If you were running our business? 00:06:05.499 --> 00:06:07.346 <v Speaker 2>What would you do running our business? 00:06:07.346 --> 00:06:07.788 <v Speaker 2>What would you do? 00:06:08.694 --> 00:06:14.809 <v Speaker 2>First of all, people will answer those questions because everyone asks a question that you ask them in person. 00:06:14.809 --> 00:06:16.923 <v Speaker 2>But you're going to pick up things. 00:06:16.923 --> 00:06:22.202 <v Speaker 2>You're going to learn that, hey, maybe your competitors are better at some of the things you're doing than you thought they were. 00:06:22.202 --> 00:06:25.000 <v Speaker 2>How do we overcome that? 00:06:25.000 --> 00:06:27.043 <v Speaker 2>And then work together and say, well, that's it. 00:06:27.043 --> 00:06:34.865 <v Speaker 2>If somebody's doing something better than we are, we have to start putting together a plan to do it better than they are. 00:06:34.865 --> 00:06:36.656 <v Speaker 2>We cannot allow them to dominate us. 00:06:37.038 --> 00:06:40.168 <v Speaker 1>Let's think about that dominant mindset. 00:06:40.168 --> 00:06:45.096 <v Speaker 1>How do you train someone to actually believe in the fact, or even leap to that, ken? 00:06:45.257 --> 00:06:57.826 <v Speaker 2>I was surrounded by a lot of really passionate people, and what I learned pretty quickly is that the passion doesn't automatically equate to ability. 00:06:57.826 --> 00:07:04.889 <v Speaker 2>That's not to say it's a bad thing Not necessarily so but a lot of people were perfectly content to just get by. 00:07:04.889 --> 00:07:08.093 <v Speaker 2>You've got to be more visible, you've got to be more plugged in. 00:07:08.093 --> 00:07:10.959 <v Speaker 2>You have to be in front of them. 00:07:10.959 --> 00:07:12.043 <v Speaker 2>They have to know who you are. 00:07:12.043 --> 00:07:14.855 <v Speaker 2>You have to be doing something that delights them so that they remember you. 00:07:14.855 --> 00:07:16.880 <v Speaker 2>And there were always some people say you know what I? 00:07:16.880 --> 00:07:19.607 <v Speaker 2>That's not the world that I want to be in. 00:07:19.607 --> 00:07:20.637 <v Speaker 2>I don't want any part of that. 00:07:20.637 --> 00:07:25.399 <v Speaker 2>And then I, you know, I just have to tell them kind of straight up, then you're going to have a really difficult time with me. 00:07:25.399 --> 00:07:29.103 <v Speaker 2>You're going to have a difficult time here because we're here to dominate Now. 00:07:29.103 --> 00:07:33.009 <v Speaker 2>We're in overdrive and we can't accept anybody that's willing to just sit there neutral. 00:07:33.009 --> 00:07:34.598 <v Speaker 2>We got to go in, we got to go hard. 00:07:34.598 --> 00:07:36.884 <v Speaker 2>You're all in or you're all out. 00:07:37.024 --> 00:07:43.627 <v Speaker 1>I got to see it to know that it's real, make it real, make me a believer, and that's a big success podcast for today. 00:07:43.627 --> 00:07:52.807 <v Speaker 1>Hopefully, you took a lot of notes, learned a whole bunch and, if you need to go re-listen to it, we dropped a lot of information right there today. 00:07:52.807 --> 00:07:55.658 <v Speaker 1>Big success is what it's all about and, by the way, if you haven't subscribed, hit that subscribe button. 00:07:55.658 --> 00:07:59.687 <v Speaker 1>So you're here with us every single week on the Big Success Podcast. 00:07:59.687 --> 00:08:00.497 <v Speaker 1>I'm Brad Sugars. 00:08:00.497 --> 00:08:01.158 <v Speaker 1>That's BS. 00:08:01.158 --> 00:08:03.202 <v Speaker 1>Big success is what we're shooting for. 00:08:03.202 --> 00:08:08.704 <v Speaker 1>Check the show notes for all the links, make sure you follow through, keep learning, keep coming back. 00:08:08.704 --> 00:08:10.416 <v Speaker 1>Oh, and, by the way, share all the links. 00:08:10.416 --> 00:08:11.622 <v Speaker 1>Make sure you follow through, keep learning, keep coming back. 00:08:11.622 --> 00:08:13.411 <v Speaker 1>Oh, and, by the way, share this with any of your friends who you know are up for success. 00:08:13.411 --> 00:08:15.639 <v Speaker 1>I'll see you next week on the Big Success Podcast. 00:08:17.124 --> 00:08:22.779 <v Speaker 3>You've been listening to the Big Success Podcast with the number one business coach in the world, Brad Sugars. 00:08:22.779 --> 00:08:35.966 <v Speaker 3>To learn more about how to achieve business and personal success, as well as how to level up or listen to past episodes, visit wwwbradsugarscom.