Feb 11, 2020
In this episode, we talk to Tom Golisano(Founder & Chairman Of Paychex) as we discuss the early days of his company, how he is a bit of a prankster, and also why knowing the numbers in your business are extremely important. We also discuss his new book "Built Not Born: A Self-Made Billionaires No-Nonsense Guide For Entrepreneurs."
**More On Tom**
Before starting Paychex, the prevailing wisdom was that it was a waste of time selling payroll services to companies with fewer than 50 employees. Golisano, however, saw an opportunity; he did the math and proved that smaller companies needed payroll processing services just as much as larger companies, while still offering an excellent return on investment. He grew Paychex one partner and franchisee at a time, over many years, and today the company has a market value of $28 billion. Still active in business and philanthropy, he currently mentors the entrepreneurs who run the businesses in which he has invested, and he also oversees his family’s charitable foundation. To date, he has donated over $300 million to a wide range of charitable causes, including educational institutions, children’s hospitals, and especially organizations helping people with intellectual and developmental disabilities.
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Written by: Dominic Lawson
Executive Producers: Dominic Lawson and Kenda Lawson
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