The Golden Rule Revolution with Lucas Mack

EP 22 - The Golden Rule is Good for Business with Carey Smith of Big Ass Fans

Episode Summary

From a start up to selling his company for $500 million dollars - Carey Smith shares why the Golden Rule is good for business and lessons of how to apply it to our lives now!

Episode Notes

From a start up to selling his company for $500 million dollars - Carey Smith shares why the Golden Rule is good for business and lessons of how to apply it to our lives now!

About Carey Smith | Founder of Big Ass Fans

A career entrepreneur, Carey Smith founded Big Ass Fans in 1999 and served as its CEO, or Chief Big Ass as he preferred, for 18 years. While other companies made and lost their fortunes, Carey’s contrarian business practices and relentless pursuit of new markets and high-quality products led to sustained, rapid growth. By 2017, Carey had grown the fan and light manufacturer to $260 million in annual revenue and nearly a thousand employees. And he’d done it without any outside ! ! ! investors.

Ready for a new challenge, he sold Big Ass Fans for $! 500 million. The company’s stock appreciation rights program paid out $50 million to more than 100 loyal employees who shared Carey’s work ethic with 15 becoming instant millionaires.