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Paul Orfalea

16 statements across 1 episodes · 3 bullish · 1 bearish · 1 people on the record · first statement Aug 21, 2023 by Paul Orfalea · across every show →

On the record as a speaker too: Paul Orfalea's record, appearances and statements → this page counts the times other people say the name.

Everything said about Paul Orfalea, oldest first

Aug 21, 2023 positive
Insight
Orfalea: Operating 24 hours a day doubles daytime retail business
“If you go 24 hours a day, your daytime business doubles, which is absolutely correct.”
Paul Orfalea Aug 21, 2023 ▶ 39:03 Kinko’s: Paul Orfalea
Aug 21, 2023
Insight
Orfalea: Entrepreneurs cannot make money with a sinister view of humanity
“And you're not going to make money with the sinister view of humanity.”
Paul Orfalea Aug 21, 2023 ▶ 1:00:12 Kinko’s: Paul Orfalea
Aug 21, 2023
Assertion Not checkable as stated
Orfalea: First Kinko's sold $2,000 in stationery on day one
“I sold 2000 dollars a day worth of notebooks and pens the first day of school.”
Paul Orfalea Aug 21, 2023 ▶ 17:04 Kinko’s: Paul Orfalea
Aug 21, 2023
Disclosure
Orfalea: Kinko's photocopied Molotov cocktail guides for anti-war students in 1970
“I remember Xeroxing For students how to make Molotov cocktails because the anti-war movement was so strong.”
Paul Orfalea Aug 21, 2023 ▶ 15:49 Kinko’s: Paul Orfalea
Aug 21, 2023
Insight
Orfalea: Acquirers retaining founders is like cutting a tail off incrementally
“When I came back I think when you sell your business, they shouldn't keep the founder on. It's sort of like cut, cutting the tail off an inch at a time, and everybody who was unhappy came to me, and I didn't have any influence or power to do anything about it.”
Paul Orfalea Aug 21, 2023 ▶ 55:03 Kinko’s: Paul Orfalea
Aug 21, 2023
Insight
Paul Orfalea: Children need either academic skills or money skills
“I think in raising children, you have one of two choices. They better be good at school, get an accountant, lawyer, whatever, do a profession, or they better be good with money. And my parents encouraged me with money skills, saving, what to do with your money…”
Paul Orfalea Aug 21, 2023 ▶ 5:35 Kinko’s: Paul Orfalea
Aug 21, 2023 positive
Insight
Orfalea: Avoid perishable inventory; paper does not go obsolete like cucumbers
“And overnight, my inventory rotted, my cucumbers, my corn, and I looked at the Xerox machine, and I thought, man, that, that paper does not go obsolete. That inventory stays there for months and months at a time. And I thought, I don't want to be in a business…”
Paul Orfalea Aug 21, 2023 ▶ 9:49 Kinko’s: Paul Orfalea
Aug 21, 2023
Assertion Not checkable as stated
Orfalea: Original Kinko's store cash flowed in month one
“I actually cash flowed the very first month. I had more money in the bank account at the end of the month than I started with.”
Paul Orfalea Aug 21, 2023 ▶ 17:19 Kinko’s: Paul Orfalea
Aug 21, 2023
Insight
Orfalea: True hard work is late-night worrying, not long hours
“Most people will brag about how hard they work, this, that, and the other. What I think hard work is what keeps you up all night long when you're worrying. That's hard work.”
Paul Orfalea Aug 21, 2023 ▶ 31:42 Kinko’s: Paul Orfalea
Aug 21, 2023
Insight
Paul Orfalea: Business consists of only three simple things
“You only do three things in business, and it's really simple. Motivate your workers, understand your customers, and balance your checkbook.”
Paul Orfalea Aug 21, 2023 ▶ 29:39 Kinko’s: Paul Orfalea
Aug 21, 2023 negative
Disclosure
Orfalea: Kinko's avoided franchising to prevent store partners from spinning off rivals
“The reason I didn't choose Franchise-een is If they viewed me as a parasite from the top, they would easily go across the street and do it. But I shared in the profits, and they got a good salary, they had a car, we had a pension plan for the partners.”
Paul Orfalea Aug 21, 2023 ▶ 35:21 Kinko’s: Paul Orfalea
Aug 21, 2023
Insight
Orfalea: Founders Often Waste Time on Complex Businesses Instead of Easy Money
“I think sometimes we spend our time on the Hardest thing, which was the print shop, where the easy money, the low-hanging fruit was in the copy shops.”
Paul Orfalea Aug 21, 2023 ▶ 22:26 Kinko’s: Paul Orfalea
Aug 21, 2023
Disclosure
Paul Orfalea: Kinko's store partnerships were generally split 60-40
“I put up, generally, 60% of the money. They would put up 40% of the money.”
Paul Orfalea Aug 21, 2023 ▶ 30:19 Kinko’s: Paul Orfalea
Aug 21, 2023
Insight
Orfalea: Loving your business is absolute bullshit and destroys owner objectivity
“Is when a business person says, I love my business. That's absolute bullshit. You love your family. You can enjoy your business, but once that becomes a love affair, you lose your objectivity.”
Paul Orfalea Aug 21, 2023 ▶ 44:54 Kinko’s: Paul Orfalea
Aug 21, 2023 positive
Insight
Orfalea shares a decade-by-decade framework for career exploration and earnings
“She said, you know, honey, in your twenties, try everything. In your thirties, figure out what you do best. Forties, make a bunch of money for what you do best. In your fifties, try not to do too much.”
Paul Orfalea Aug 21, 2023 ▶ 17:56 Kinko’s: Paul Orfalea
Aug 21, 2023
Disclosure
Orfalea: Making himself inaccessible eliminated routine manager interruptions
“I shouldn't be available for those kinds of phone calls. So I became inaccessible and there better be a damn good reason for somebody to call me. And I noticed that the phone, I couldn't get anything accomplished by being so available for phone calls.”
Paul Orfalea Aug 21, 2023 ▶ 32:42 Kinko’s: Paul Orfalea
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