George Steinbrenner—also known as “The Boss”—didn’t have a smooth road to success.
He owned a basketball franchise, the Cleveland Pipers, that went belly-up.
When he took over the Yankees, the team suffered a drought in the 1980’s and early 1990’s.
His management style was the object of criticism and debate.
But “The Boss” was unapologetic. He stuck to his guns, and it eventually paid off. The Yankees ended up winning seven World Series wins, 11 American League pennants, 16 AL East titles, and achieved an estimated team value of $1.6 billion. Not to mention a personal net worth for Steinbrenner that in 2010, Forbes put at $1.15 billion.
Here are a few secrets to his success:
Be Focused: From the day George Steinbrenner bought the Yankees for $10 million until he permanently stepped down, he had one all-consuming goal: to win. He thought it about it all the time, even during the off-season.
“Winning is the most important thing in my life, after breathing,” he famously said.
Pay Attention to Details: Steinbrenner was notorious for thinking about the little things. He said he learned it from his father.
“You’ve got to pay attention to detail,” he told a reporter. “Always, detail.” Even the player’s hair length and facial hair were strictly monitored. After Don Mattingly refused orders to get a haircut in 1990, he was benched—even though he was the team’s best player.
Don’t be afraid to shift gears when necessary: At first, when Steinbrenner bought the Yankees, he said he’d be a hands-off manager. But that didn’t last. He ended up taking the reins and kept a tight ship.
When it comes to monitoring your investment, Money & Clarity also keeps a tight ship. We know you’d like to enjoy your retirement in style. That’s why you must follow in the footsteps of “The Boss” and focus on making the right choices today.
For help in making that happen, give us a call at 513-563-PLAN (7526) or book online. We’ll develop a strategy for success. Call today to schedule a friendly conversation that won’t be filled with George’s famous fireworks… but will satisfy the winner in you.
Nikki Earley, CFP® & Dan Cuprill, CFP®
P.S. Tomorrow’s blog is for the birds. But there’s a good lesson in it! Stay tuned…
P.P.S. To learn the steps you can take to protect and even capitalize on recent investment volatility in light of COVID-19, check out my webinar.