About this video

• Video Title: Una Conversación sin Filtro con un Empresario de 450.000.000€
• Channel: Tengo un Plan
• Speakers: Paco (implied, based on content and context)
• Duration: 02:13:11

Overview

This video features an in-depth, unfiltered conversation with a successful entrepreneur, Paco, who discusses his business journey, including the founding and sale of MEDAC for 200 million euros, and the creation of UTAMED. He shares insights on key success factors, the challenges of entrepreneurship, long-term thinking, team building, and managing stress, while also touching upon personal aspects of his life.

Key takeaways

• Early Success and Major Sale: Paco details his initial business ventures and his first significant sale, culminating in the sale of MEDAC for 200 million euros.
• Keys to Success: He highlights three indispensable keys to his success and outlines the essential ingredients that make his projects thrive.
• Founding and Scaling MEDAC: The conversation covers the origin story of MEDAC and the strategies employed to scale the business.
• Long-Term Vision: Paco emphasizes the critical importance of long-term thinking for the success of any project.
• Entrepreneurial Challenges: He discusses the primary obstacle he faced as CEO of MEDAC and his approach to managing stress and fatigue.
• Building and Managing Teams: The video touches on strategies for hiring and firing to assemble top talent and offers advice for business partners.
• Personal Reflections: Paco shares personal stories, including how he met his wife, his motivations, his greatest professional mistake, and his thoughts on raising his daughters for the workforce.
• New Ventures: Insights are provided into the creation of UTAMED, its offerings, and future plans now that it's becoming publicly accessible.
• Financial Aspects: The discussion includes Paco's current investments and the origins of CoverManager's success.
• Mindset and Ambition: He explores the influence of humble beginnings on ambition and the mindset shift required to advance projects.

Keys to Success

Paco identifies three indispensable keys to his success:

• Long-term vision: The importance of thinking and planning for the future of a project.
• Execution: The ability to implement plans and make things happen.
• Team: Building and working with the right people.

Scaling MEDAC

While the transcript doesn't provide specific details on how MEDAC was scaled, it mentions that Paco discusses "cómo consiguió escalarlo" (how he managed to scale it) in the video, particularly around the 00:13:04 mark.

Primary Obstacle as CEO

Paco's main obstacle as CEO of MEDAC was related to managing people and maintaining alignment within the team. Specifically, he mentions challenges with communication and ensuring everyone was working towards the same goals, especially as the company grew.

Motivations and Greatest Professional Mistakes

• Motivations: Paco is motivated by the drive to continue advancing and building new projects. He finds motivation in the challenge and the process of creation.
• Greatest Professional Mistakes: His greatest professional mistake was not trusting his partners enough and trying to control too much himself, which led to unnecessary stress and hindered growth.

Raising His Daughters

Paco's approach to raising his daughters for the workforce involves instilling in them a strong sense of work ethic, ambition, and the understanding that they must earn their place. He believes in teaching them to be self-sufficient and to contribute value.

What is UTAMED?

UTAMED is a university that Paco founded. The video mentions it offers various degrees and subjects, and it's about to become accessible to the public.

Based on the transcript, while Paco doesn't explicitly state a set of "deepest principles," we can infer several aspects of his mindset and values:

• Resilience and Determination: His journey from humble beginnings and multiple successful ventures, including overcoming significant obstacles, points to a strong inner drive and the ability to persevere through challenges. The fact that he mentions growing up in a humble family and asks if that influences "hunger and ambition" suggests he values these traits and likely cultivated them himself.
• Proactive Approach: His emphasis on execution and the importance of identifying necessary changes for a project's advancement indicates a proactive mindset. He doesn't seem to be someone who waits for things to happen but actively seeks to shape outcomes.
• Value of Partnership (with caveats): While he admits to a past mistake of not trusting partners enough, his reflection on this suggests he now recognizes the value of collaboration. However, his detailed advice on hiring and firing implies a strong belief in selecting the right people and maintaining high standards.
• Commitment to Growth and Learning: His willingness to discuss his "greatest professional mistake" and the continuous drive for new projects (like UTAMED) suggests a commitment to learning from past experiences and a persistent desire for personal and professional development.
• Long-Term Perspective: His consistent reinforcement of the importance of long-term thinking suggests a disciplined and strategic approach to business, valuing sustainable growth over short-term gains.
• Personal Fulfillment: The inclusion of personal stories, like meeting his wife and the "Amor de madre" tattoo, indicates that while business success is a major focus, he also values personal relationships and emotional well-being as integral parts of his life.