Ep.539 ~ Losing a $2.5 Billion Company & Bouncing Back ~ Warwick Fairfax

Could you imagine inheriting a 150 year old, $2 Billion media company at the age of 26? I couldn’t! Then along with managing this media behemoth losing the company completely over the next few years! Our guest today lived through that. That’s right, not too long out of Graduate school Warwick Fairfax inherited Fairfax Media one of the top media companies in Australia worth $2.25Billion, and then began the painful process of watching his family’s company slip away one day at a time until it was all gone!   Hello listeners, welcome to The Business Method Podcast. Today, we have a very unique story to tell you. In the intro, you learned a bit about Warwick Fairfax, and we will get to hear the exact story of what it was like for him as a young man losing his family’s company. But there is more, we also will hear how he turned his entire life around after that experience and where he has ended up today as a businessman, WSJ best-selling author, consultant, and entrepreneur.    It’s going to be an exciting show, so let’s jump into it….   04:41 The History of Fairfax 10:44 The Influence of Fairfax Media 13:16 How Warwick Ran the Business 17:06 Why Bad Decisions Where Made 18:23 How Warwick Planed to Takeover the Business 21:06 The Complexity of A Family Business 25:31 How to be Successful and Satisfied 27:28 How it Felt Losing Fairfax Media 31:31 Finding a New Normal 34:06 Restarting in America 36:59 The Decision to Start His Own Business 40:24 Learning From our Darkest Moments 43:26 Warwick’s Podcast 44:16 Redemption and the Path Back 47:54 The Process of Getting Back on Track in Life 53:11 Finding Something Bigger than Yourself 57:28 What is Crucible Leadership   Contact Info: Crucibleleadership.com Podcast: Beyond the Crucible   Subscribe to the Podcast:    🎧 Website:  https://www.thebusinessmethod.com/Warwick-Fairfax   🍏 Apple Podcasts:  http://bit.ly/TheBusinessMethod   💻 Google Podcasts:  http://bit.ly/TheBusinessMethodGooglePodcasts   🎙Spotify:  http://bit.ly/SpotifyTheBusinessMethod   Follow Chris Reynolds on Social Media: Instagram: https://www.Instagram.com/chrisreynoldslive  Facebook: https://www.Facebook.com/chrisreynoldslive  YouTube: https://www.YouTube.com/chrisreynoldslive LinkedIn: https://www.linkedin.com/in/chrisreynoldslive