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Published Aug 13, 2021

BILLIONAIRE REVEALS The #1 Habit For Success NOBODY SHARES! | Ryan Smith & Lewis Howes

Ryan Smith, CEO and co-founder of Qualtrics, delves deep into the powerful mindset shifts, family dynamics, and personal growth strategies that have fueled his journey from a basement startup to NBA ownership, offering listeners unique insights into success and resilience rarely shared in the business world.
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Episode Highlights

  • Ownership Journey

    Ryan Smith's journey to becoming an NBA team owner was not a childhood aspiration but rather a series of unexpected developments. He reflects on his early dreams of being a professional athlete, which never included owning a team, yet his path led him to the Utah Jazz. Ryan describes the rigorous process of becoming an NBA owner, emphasizing the importance of being a good ambassador for the league 1.

    You never think about, like, being in this spot? I think we all thought, like, growing up, like, I was like, I mean, I didn't. I didn't grow up and be like, hey, I have an idea. I'm going to start a company with enterprise software, right?

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    His connection with influential figures in the league and his passion for the sport eventually opened doors to this unique opportunity 2.

       

    Ownership Insights

    Ryan shares insights into the dynamics of NBA ownership, highlighting the collaborative yet competitive nature of the group. He acknowledges the influence of notable owners like Mark Cuban and the Buss family, who have elevated the league's value. Ryan emphasizes the importance of teamwork and leveraging the strengths of his partners to overcome challenges 3.

    I think the biggest challenge that holds anyone back is just people and your ability to bring people together and, like, make it all work.

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    He also notes the significance of having a young ownership group that brings fresh perspectives to the table 4.

       

    Championship Mindset

    Achieving championship success in the NBA requires a unique mindset, according to Ryan. He shares lessons learned from seasoned champions, emphasizing the need for execution and having just a bit more than competitors at crucial moments. Ryan reflects on the Milwaukee Bucks' recent success as an example of this principle in action 5.

    The thing about a championship is, like, you never know quite what you need until you're in the moment, right?

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    His personal journey from a young sports enthusiast to an NBA owner fuels his ambition to lead the Utah Jazz to similar heights 5.

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