The host of The Deep Wealth Podcast and post-exit entrepreneur Jeffrey Feldberg does a deep dive with a fellow entrepreneur who spills the beans on how to grow your business, become successful, and live a fulfilling life. Meet Robert Indries, a remarkable entrepreneur who has built an empire of businesses. He shares his journey from humble beginnings to creating a successful empire. Come along as we dive into Robert’s story and uncover his secret sauce for success.
The Journey of a Lifetime
Robert Indries’s story is truly inspiring. “Robert Indries is a true testament to the power of determination and hard work. Born into a modest family in a small town in Transylvania, Romania, Robert spent his early years on farms, learning the value of perseverance and dedication,” shares Jeffrey Feldberg, the host of the Deep Wealth Podcast.
Robert’s life took him around the world, giving him unique insights into business. His experiences helped him build eight successful businesses, each generating seven-figure revenues yearly. “He’s traveled over a hundred thousand miles, visited 17 countries, and spoken to thousands in three different languages,” Jeffrey adds.
But success wasn’t just about money for Robert. He cherishes his loving relationship with his wife, Diana, and values quality time with family and friends. He states, “Something that has definitely helped me was to see my parents’ and my family’s work ethic.”
Robert Indries’s journey began in a small town in Transylvania, Romania, where he learned the value of hard work from his modest family. “Anyone that was poor growing up knows what I’m talking about,” Robert says, reflecting on his early life experiences. “[You] feel a scarcity that you really never want to feel again.”
These early years of struggle molded Robert’s relentless drive to succeed and laid the foundation for his future achievements. Today, Robert runs 11 successful businesses, each thriving through the systems and principles he has developed.
The Power of Mindset
Robert’s mindset played a crucial role in his success. He mentions, “I did not do other people’s work for them.” He believes that delegating work and allowing employees to be responsible for their tasks is essential. Robert’s method of fostering self-sustainable employees involves asking them to present solutions to problems, not just the problems themselves.
Finding the right team is like finding a treasure. Robert believes in the importance of the hiring process. “We look for ten criteria that are very important in people,” shares Robert. This includes work ethic and intelligence. He gives an example of a past hire who struggled with a simple coding task, highlighting the importance of hiring competent people who can take initiative.
One of the key themes Robert emphasizes is the significance of delegation and empowering team members. “What didn’t I do? I did not do other people’s work for them,” he asserts. Robert has a unique strategy for ensuring success within his companies. Team members bring solutions, not problems. They present multiple options to a challenge, fostering a sense of self-sufficiency and responsibility.
This practice not only promotes efficiency but also enables Robert to manage multiple businesses effectively. “Many people ask me, Robert, how can you run 11 businesses at the same time? The very simple answer is I do not.”
The Secret Sauce: Letting Go and Teaching
One of Robert’s crucial strategies is letting go of control and teaching others to be self-sufficient. “You hire very competent individuals and teach them how to be self-sustainable,” he emphasizes. This strategy has allowed his businesses to flourish and become independent.
Robert’s approach to team building is grounded in finding the right people and fostering a culture of independence. He ensures that his employees are self-sustainable within their roles, requiring minimal hand-holding.
“When someone says, I am too good for this, and I can’t find an answer, [I tell them] no excuses. You work on [it] in the next 24 hours,” Robert explains. This stringent approach to self-reliance ensures his team members are always growing and learning, ultimately contributing to the overall success of the company.
Robert employs a meticulous hiring process. He emphasizes the importance of trial tasks for potential hires to ensure their competence. “Anyone with a comparable skill set should complete the trial tasks within a certain timeframe,” says Robert. This method has helped him filter out unsuitable candidates and retain only the best talent.
The Deep Dive Approach
Robert’s approach when taking on a new business is thorough and structured. He spends one to two months conducting a deep dive to identify specific areas for improvement, rather than making general changes. This meticulous strategy helps in creating a sustainable and profitable business model.
During the podcast, Jeffrey Feldberg dives deep into Robert’s methodology, revealing how he manages to balance personal and professional life. Robert discusses the importance of systematizing every process within a business to ensure scalability and success. “Attach your definition of success to something else,” Robert advises. This shift in mindset allows entrepreneurs to step back and trust their teams to maintain the momentum.
Actionable Tips for Your Journey
Robert’s story isn’t just inspiring; it’s packed with actionable strategies you can apply to your business. Here are some takeaways:
- Delegate Responsibility: Don’t try to do everything yourself. Hire competent people and let them handle their responsibilities.
- Hire Smartly: Use a trial task during the interview process to ensure the candidate’s competence. Look for critical traits such as work ethic and intelligence.
- Cultivate a Positive Work Culture: Teach your team to be responsible and self-sustainable. Emphasize the importance of presenting solutions, not just problems.
- Evaluate and Improve: Take the time to do a thorough evaluation of your business processes. Identify and implement specific improvements.
- Prioritize Personal Happiness: As Robert says, “Stop thinking you need to be the hero. Be the smartest person in the room, and that means you should be able to spend your time as you wish.”
A significant lesson Robert shares is the ability to let go. Many entrepreneurs struggle with relinquishing control, fearing that their businesses will suffer. Robert’s solution is simple: Trust your team. “Many times I like to say it’s like a relationship, or like a marriage. You can be with someone… [who might] wear a mask for five years and then in year six… they’re like, no, I’m not that person actually.”
Robert’s approach to hiring is practical and rooted in understanding human nature. He believes in hiring individuals who align with the company’s values and culture. “Work ethic, intelligence, and humility are non-negotiable,” he says. Ensuring these traits in his hires has significantly contributed to the success of his businesses.
Robert’s Words of Wisdom
Let’s end with some powerful words from Robert: “Attach success to something else. You don’t need to be Superman or Wonder Woman, just be the smartest person in the room.” Take this wisdom to heart and let it guide you as you navigate your business journey.
Robert Indries’s journey from a small farm in Transylvania to owning multiple successful businesses is nothing short of inspiring. His commitment to hard work, smart delegation, and building self-sustaining teams are key factors behind his success. As he continues to grow and mentor others, his insights offer valuable lessons for entrepreneurs striving to achieve their goals.
Every business journey eventually leads to an exit, and for Robert, ensuring that his companies are self-sufficient is paramount. His secret sauce for a successful exit includes systematizing operations and cultivating a highly competent team. This strategy not only ensures the business continues to thrive but also maximizes its value at the time of sale.
Whether you’re looking to scale your business or seeking the right strategies for growth, Robert’s approach provides a roadmap for success. Remember, the journey to prosperity starts with the right mindset and the courage to delegate and trust your team.
“In entrepreneurship, you must let go of control. Trust your team. That’s how you build success,” – Robert Indries.
Thank you for joining us on this edition of the Deep Wealth Podcast. May you continue to thrive and prosper while you remain healthy and safe!
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