00:00:00.940I'm Kelly Kennedy. I've been called a hope dealer for leaders and with over 300 episodes of the Business Development Podcast, we'll guide you and we'll always be in your corner.
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00:00:24.180Investing is all about the future. So what do you think is going to happen?
00:00:28.200Bitcoin is sort of inevitable at this point.
00:00:30.900I think it would come down to precious metals.
00:01:59.640If we wait another year, three years, I think we'll get what I call in the essay a country of geniuses in the data center, maybe less than three years.
00:02:08.980And so, you know, three years is an eternity in this field.
00:02:13.480And so I think we absolutely need to act before then.
00:02:16.980One place where I really have hope is I think as these problems start to manifest, again, they're not going to be partisan, right?
00:02:25.500Like, you know, it may start with, you know, one party or one side having an anti-regulatory ideology.
00:02:32.480But I think as these problems become real, there's going to be a demand among everyone.
00:02:36.960And in the note, you outline the different risks, whether it's bioterror or whether it's authoritarian regimes with too many tools to do subversive behavior.
00:10:48.180Why would you be afraid of what's going to be taking place?
00:10:51.380Tom, Amazon's move that they're going to, okay?
00:10:54.840And they're bringing it back to Whole Foods.
00:10:56.520How much patterns are you noticing of companies realizing, you know, even with, let's just say AI gets so good that you can tell it to create videos and teach XYZ content on videos.
00:11:12.880YouTube said we're not paying you monetization if it's not a human person.
00:11:17.160July 15th of last year, I think YouTube came out with a new rule that if it's not a human being creating the content, all the, I don't know what word they use, the faceless content that you're creating, we're not paying you AdSense.
00:11:56.200I think people are going to go that route.
00:11:57.560This is a different story about Amazon, though, Tom, if you want to give us an update on this story.
00:12:01.240Amazon, as the analyst said very, very correctly, Amazon is not giving up on groceries.
00:12:07.180They have Whole Foods, and they have that.
00:12:08.820And more importantly, if you go into Whole Foods, the locker space has doubled over the last 18 months.
00:12:15.940And that's the lockers, those Amazon lockers that are on one side of where when we were all growing up, that's where the 50-pound bags of dog food would be stacked up along with charcoal in bags.
00:12:26.940Well, now you have these lockers where you go up there and you open it, and that's where your Amazon delivery was.
00:12:33.600So Whole Foods is alive and well and being well-used and exploited by Amazon.
00:12:37.660They tried to make these Amazon fresh ghost stores so they could save on labor because grocery has a very, very tight margin in the first place.
00:12:49.040Hey, we'll make convenient ghost stores.
00:12:55.740Well, then there were the people with a hoodie and a baseball cap and dark glasses that had no phone on them because they knew the game and walked up, took five things, and walked out.
00:13:44.080I think the more AI accelerates, the more these big AI companies are going to sit there and say, we need people.
00:13:51.640I think that's what's going to happen.
00:13:53.100By the way, you were one of the first guys that built an online university.
00:13:58.580You have 1,000 business owners that have their stuff with you at Lightspeed, and you've got millions of customers, right, millions of clients that use your technology.
00:14:05.380What have you seen over the years when you first started and then seeing other guys that are going ahead of AI?
00:14:10.800What have you done to compete with how fast AI is growing?
00:15:02.000Well, because now you're just a choice away from becoming more relevant, more successful, and more, you know, at the end of the day, it's a good thing to me.
00:15:27.360I think that's terrible because when a group of people, majority, don't have something they're in pursuit of and you give them income, that's a horrible society.
00:18:23.840So many years ago, I realized the size of your income, your net worth, your lifestyle is a pure reflection of the size of problems you solve.
00:18:30.460So for me, going back 20-some years ago, I was a good salesperson.
00:19:19.560In America today, according to the Bureau of Labor Statistics, we have 13.4 million sales people in America that go out selling every day working for commission.
00:19:27.080We have 132,000 VP of sales, according to LinkedIn, and we have roughly 8,000 chief sales officers in America.
00:19:33.920Now, when it comes down to putting the hat on of being a sales leader, it's a very different accountability, tough conversations, challenging, transferring your knowledge on how to get referrals, how to follow up on leads, how to properly follow up where you don't offend the person, the script you use when you DM versus when you email, which is when you make a phone call, how to give better presentations, the types of phone calls to make, the types of contests to run.
00:19:57.000How to hold them accountable and drive them and not upset them and they still want to come.
00:20:15.720To attend this, you need to do a minimum of a million dollars a year and have five sales people that report to you.
00:20:21.920If you want to join us at this year's Sales Leadership Summit that happens end of March, we'll go through a 200-page manual together on how to go through A through Z of being a great sales leader.
00:20:33.060Click on the link below, fill out the information.
00:20:35.680One of our representatives from BedDavid Consulting will reach out to you and tell you more about the Sales Leadership Summit.
00:20:41.380Rob, what is the website to go to this?