Podcasts about manufacturing company

The Pauly Jail in Union Springs, Alabama, is widely considered one of the most haunted locations in the state. Built in 1897 by the Pauly Jail Building and Manufacturing Company, this three-story red brick structure served as the Bullock County Jail until 1984…and is now a museum dedicated to the prohibition era and local history. It has a reputation for paranormal activity stemming from a violent history involving public hangings, a fatal fire, and a notorious lynching!!!https://search.brave.com/ask?q=Pauly+jail+in+alabama+haunted+++&conversation=093168a50f46a4cadbfa92c421213eac9f0bhttps://seekingbeyondparanormal.com/investigations/paulyjail.htmlhttps://discover.hubpages.com/religion-philosophy/Haunted-Pauly-Jailhttps://m.youtube.com/watch?v=PnTiSZWTXmc&ra=mhttp://hauntedhaven.blogspot.com/2013/12/paranormal-activity-at-pauly-jail-union.htmlhttps://www.brownpapertickets.com/event/5135600

A measure to keep cellphones out of schools throughout the day has passed the state House. The bill had supporters AND foes in both parties.Stacy Garrity – the Republican candidate for governor – reiterated her call for a pause on data center development in Northeastern Pennsylvania Monday.Almost every part of modern life requires reliable internet, but access remains uneven in many rural areas across Pennsylvania. An expert appeared on a recent edition of The Spark to explain how funding will soon help many communities catch up on broadband access. Click here to hear the full conversation on broadband from WITF's The Spark Monday marked the 5th annual Pennsylvania Native Species Day, designed to highlight the thousands of plants and insects indigenous to the state, and the threat posed by invasive species like the spotted lanternfly.A former industrial site in Carlisle is receiving state funding for remediation. The former Frog, Switch and Manufacturing Company along High Street once supplied railway components and manganese steel casting for mining.Higher electricity rates took effect across Pennsylvania on Monday. In Harrisburg, state lawmakers took a closer look at the issue, as experts testified before the House Energy committee.In uncertain times, our community counts on facts, not noise. Support the journalism and programming that keep you informed. Donate now at www.witf.org/givenow. And thank you.  

In this episode of The Compassionate Accountability Podcast®, Dr. Nate Regier sits down with Lori Walker, Senior Manager of Talent Development at ERMCO, to explore what it really takes to build a people-first leadership culture inside a fast-paced manufacturing environment. When ERMCO's executive team set out to become an employer of choice, they recognized that technical excellence alone wasn't enough. Leaders needed practical tools to handle conflict, hold people accountable, and create stronger communication across every level of the organization. Lori shares how Compassionate Accountability became the foundation for a company-wide leadership development strategy designed to support both people and performance. From the shop floor to executive leadership, this conversation explores what happens when organizations stop avoiding difficult conversations and start building the skills to navigate them productively. In this episode you'll learn: Why manufacturing environments often struggle with communication and conflict How ERMCO is building Compassionate Accountability into leadership development What happens when leaders avoid difficult conversations How psychological safety impacts innovation and performance Why practical conflict tools create stronger trust and accountability How Compassionate Accountability is being scaled across 3,400 employees Why these communication tools don't just work at work, they transform relationships at home too Rapid fire questions include: What is one thing leadership has taught Lori about people? What did she used to believe about conflict that she no longer believes? What risk did she take implementing this work in manufacturing? What role does trust play in leadership and communication? How has Compassionate Accountability changed the way she approaches difficult conversations? If you're building leadership programs, navigating culture transformation, or trying to create healthier communication in high-pressure environments, this episode offers a powerful real-world example of what becomes possible when compassion and accountability work together. Listen, reflect, and discover how one manufacturing company is changing conflict at work and at home.  Subscribe for more real client transformation stories  Visit www.next-element.com to learn more about Compassionate Accountability  Share this episode with a leader who wants healthier accountability without sacrificing results Get our award-winning book Compassionate Accountability: How Leaders Build Connection and Get Results: https://www.next-element.com/publications/ Learn more about ERMCO: https://www.ermco-eci.com/

Jim Belosic is the Co-founder and CEO of SendCutSend, a sheet metal manufacturing business he bootstrapped to a $140 million revenue run rate in eight years.We talk building a manufacturing business in the US, creative ways he financed the company early on, using speed and trust to compete with overseas competitors, lessons from restaurants, and why you can't run a factory from a spreadsheet.Thank you to Numeral, Flex, and Amplitude for supporting this episodeNumeral: The end-to-end platform for sales tax and compliance https://www.numeral.comFlex: Sign-up for Flex Elite with code TURNER, get $1,000 https://form.typeform.com/to/Rx9rTjFzAmplitude: AI analytics, all you have to do is ask https://www.amplitude.comTimestamps:(0:16) Automating sheet metal manufacturing(5:59) Zero to $140 million ARR in 8 years(7:58) Acquiring a $750k laser with $0(13:38) Automating factories is like baking cookies(15:17) Being legible to capital(17:31) Unlocking custom, low order manufacturing with software(20:00) Building more factories instead of selling the software(24:50) Run your company like a lemonade stand(28:30) Raising an angel round in 2021 as a safety net(33:21) SendCutSend's unique bottoms-up GTM(38:24) Fun coupons(40:12) Building a moat with speed and trust45:55) How US factories can beat China(47:40) Gaslight product launches(52:05) Lessons from non-manufacturing businesses(55:19) You can't run a factory from a spreadsheet(58:10) Using data in manufacturing(59:50) Lessons from Factorio(1:03:17) Unlocking a negative cash conversion cycle(1:06:14) You need to resist automating everything(1:13:51) Surviving COVID with six weeks of cash(1:15:47) Solving the US skilled labor shortage(1:26:17) Teaching kids about manufacturingReferencedSendCutSend: https://sendcutsend.com/Careers at SendCutSend: https://sendcutsend.com/careersSandy Kory: https://www.linkedin.com/in/sandykoryHorizon VC: https://www.horizon.vc/Concrete Canoe Competitions: https://www.asce.org/communities/student-members/conferences/asce-concrete-canoe-competitionFollow JimTwitter: https://x.com/jimbelosicLinkedIn: https://www.linkedin.com/in/belosicFollow TurnerTwitter: https://twitter.com/TurnerNovakLinkedIn: https://www.linkedin.com/in/turnernovakSubscribe to my newsletter to get every episode + the transcript in your inbox every week: https://www.thespl.it/

What happens when a multimedia entrepreneur and a concert venue owner sit down for a live podcast? A good conversation – with a couple beers – about creativity, grit, and what it really takes to build something that lasts. In the first live episode of the year, recorded at The Argo in Milwaukee as part of Manufacturing Happy Hour's 10-year anniversary, host Chris Luecke sits down with two longtime friends: Andrew J. Coate, co-founder of The Argo (a 700-capacity venue his team transformed from a historic 1950s cinema in under seven months), and Michael O'Sullivan, Creative Director at Motivation Media. Together they dig into the creative process, building businesses from the ground up, co-founder dynamics, and the long-term friendships that shape your best work. Later in the episode, manufacturing veterans and friends of the show, Kyle Mahan (Former Vice President and General Manager of the Automation Division at Wauseon Machine) and Bill Berrien (CEO at Pela Global Precision) join the stage to bring it all back to the shop floor.In this episode, find out: How Michael O'Sullivan and Andrew J. Coate have known each other since high school on the south side of Chicago, and how their paths kept crossing through business and creativity over more than two decadesWhat it means to build a creative business in industries you wouldn't expect, and why B2B and manufacturing are some of the most exciting places to be creativeTurning creativity into a daily habit. Why practice, not talent, is the real shortcut, and how both guests built their creative muscles over timeHow constraints drive better creative decisions, and why that's one of the most transferable lessons to the manufacturing floorThe “done is better than perfect” mindset: balancing flexibility with process discipline when you're building something newWhat the manufacturing industry looks like from behind a camera lens, and why storytelling is one of the industry's most underused assetsHow Kyle Mahan (EP235) and Bill Berrien (EP160 & EP268) would apply the night's creative lessons directly to industrial sectorEnjoying the show? Please leave us a review here. Even one sentence helps. It's feedback from Manufacturing All-Stars like you that keeps us going!Tweetable Quotes:"Creativity really often needs constraints to be the maximum of what it can be." - Andrew J. Coate "Networking doesn't just happen at an event. It's something that can happen over years and decades." - Chris Luecke "I did not start out to form a video production company. Having those people who believed in me along the way gave me that space to keep practicing, to keep pushing it." - Michael O'Sullivan Links & mentions:The Argo, concert venue, bar & kitchen, and event space located in the historic Fox Bay Theater in Whitefish Bay, WI, minutes from downtown Milwaukee Motivation Media, making videos that make a difference for nonprofits, businesses, commercials, fundraising, and so much more Women in Manufacturing (WiM), a global trade association committed to supporting, promoting, and inspiring women across all the manufacturing industry. We've portion of the ticket sales from this show to WiM to support its missionEpisode 160: Buying a Manufacturing Company and Reimagining Upskilling with Bill Berrien, CEO of Pindel Global Precision, where Bill shares his thoughts on upskilling your team and continuous learning in the manufacturing industryEpisode 235: How to Find Automation Talent Anywhere with Kyle Mahan, VP & GM of Wauseon Machine, where Kyle discusses what it takes to find the best automation talent in the manufacturing industry in today's industryEpisode 260: Innovations Transforming Automotive Manufacturing featuring STÄUBLI, RAM Solutions, and More, a look what's transforming automotive manufacturing with interesting takes from eight industry expertsMake sure to visit http://manufacturinghappyhour.com for detailed show notes and a full list of resources mentioned in this episode. Stay Innovative, Stay Thirsty.Mentioned in this episode:Mfg Happy Hour's Rust Belt Renaissance TourManufacturing Happy Hour is hitting the road this spring, hosting live shows Cleveland on 3/24, Rochester on 3/25, and Pittsburgh on 3/26. Get your tickets today.

There's a commonly held belief in manufacturing: big ideas need big money, fast growth, and outside control to survive. But that playbook doesn't work for every business or every industry.Andrew Johnson, co-founder of HeavyTech and CEO of ShelfAware, joins the show from Everywhere Beer Co. in Anaheim, California, to talk through how he and his partners built HeavyTech, a hybrid and electric big machinery manufacturer, on their own terms. He shares the long road behind developing technology for hybrid and electric heavy machinery, and why, when it came time to scale, they made a deliberate decision to crowdfund and not follow the traditional VC path.Along the way, we also get into why diversification within a single industry creates leverage most business owners miss, what it means to be fearless in business, and the struggles of connecting with other entrepreneurs at the same stage of growth.If you've ever questioned whether the “standard” approach to funding actually fits your business, this conversation will make you rethink the rules.In this episode, find out:Why timing is the most important factor in business successHow crowdfunding gives you more control over your business and direct access to future customersWhy diversifying within an industry is one of the smartest entrepreneurial moves you can makeThe importance of connecting with other entrepreneurs in the same position as youHow HeavyTech invented its hybrid and electric machines for construction, farm and ranchWhat it means to be fearless in businessWhere Andrew sees the future of U.S. manufacturing goingEnjoying the show? Please leave us a review here. Even one sentence helps. It's feedback from Manufacturing All-Stars like you that keeps us going!Tweetable Quotes:“I think the inclination today is that you need to go raise a bunch of money with private equity venture capital. I believe that's wrong. Crowdfunding allowed us to raise a bunch of money from individuals. Normal people who believed in the future vision of our company and would eventually become our customers.”“I think that's the beauty of diversification. Each business is in the same industrial space. The products are different, but they complement each other. Sometimes I go into a meeting trying to sell ShelfAware, and I end up selling O-rings or end up talking about HeavyTech and leave with a new investor.”“Timing is everything in business. You have to be at the right place at the right time. You can have a great idea, but if the market is not ready, it won't work.”Links & mentions:HeavyTech, a manufacturing company designing and building hybrid and electric machinery for the construction and agriculture industries. ShelfAware, a manufacturing intelligence company providing real-time production visibility and workflow insights to improve efficiency on the factory floor. Everywhere Beer Co, an independent craft brewery based in Cleaveland, producing small-batch beers.Make sure to visit http://manufacturinghappyhour.com for detailed show notes and a full list of resources mentioned in this episode. Stay Innovative, Stay Thirsty.Mentioned in this episode:Industrial Marketing Summit 2026The Industrial Marketing Summit is the go-to gathering for marketers working in the manufacturing,...

Faith Driven Investor Podcast - Episode 216Join hosts Richard Cunningham and Luke Roush as they sit down with Steve Cook, Executive Managing Director of LFM Capital, for a deep dive into the state of US manufacturing and the reshoring revolution transforming American industry. From the deck of an aircraft carrier to the shop floor to private equity boardrooms, Steve brings a unique perspective on what it takes to build manufacturing companies that strengthen both portfolios and national security.Key Investment Topics:The economics of reshoring: Why major manufacturers are bringing supply chains back to the USLFM Capital's operator-led approach to buyout private equity in manufacturingHow tariffs, supply chain disruptions, and geopolitical tensions are reshaping investment opportunitiesWhy aerospace, defense, and B2B manufacturing offer compelling risk-adjusted returnsThe role of leadership and operational excellence in driving EBITDA margins and enterprise valueInterest rates, deal flow, and the creative structuring required in today's PE marketPowerful Quotes:"We won World War One and Two predominantly because we had a strong industrial base that could step up and pivot when the country needed it. We're woefully unprepared for World War Three." - Steve Cook"It costs more to hire an English-speaking manager in China than it does in the US today. Labor cost equilibrium is happening faster than anyone expected." - Steve Cook"The absolute worst form of ownership I've ever seen is 50/50. Someone has to make the final decision - that's true in a company and true in a marriage." - Steve CookEpisode Description:What does it take to rebuild American manufacturing in an era of global uncertainty? Steve Cook knows firsthand. As a former Navy fighter pilot who flew combat missions during Desert Shield, then an operations leader at Dell managing 2,200 manufacturing employees, Steve brings unparalleled shop floor DNA to private equity investing. Now leading LFM Capital - a buyout firm exclusively focused on US manufacturing - he's witnessing the early stages of a reshoring revolution that could reshape both the American economy and investment portfolios.This episode cuts through the headlines to reveal what's really happening on the ground with US manufacturing. Steve explains why companies are finally bringing production back home, which industries offer the most compelling opportunities, and how LFM's operator-first approach generates returns by elevating leadership and operational excellence rather than financial engineering. From the impact of Liberation Day tariffs to the quiet convergence of global labor costs, from AI's limited role on today's shop floor to the creative deal structures emerging in a higher interest rate environment, this conversation delivers actionable insights for investors seeking exposure to the manufacturing renaissance.Steve also vulnerably shares lessons from Genesis on leadership, partnership, and the biblical principles that shape both his marriage and LFM's investment philosophy - including why 50/50 ownership structures consistently fail and what that reveals about decision-making authority in both business and family.Guest Background:Steve Cook is Executive Managing Director of LFM Capital, a Nashville-based private equity firm investing exclusively in US manufacturing companies. A graduate of the US Naval Academy and MIT's Leaders for Manufacturing program, Steve flew F/A-18s off aircraft carriers for seven years before transitioning to operations leadership roles at Dell and venture-backed technology companies. At LFM, he leads a team of operators and engineers who partner with manufacturing CEOs to build enterprise value through operational excellence, not financial engineering. Steve and his wife Shannon live in Nashville and are active members of Long Hollow Church.

How do you turn a 150-year-old industrial giant into an agile, AI-first organization?=======Please support our sponsor Emeritus:Explore executive education programs from Emeritus, in collaboration with top universities: https://cxotalk.partner.emeritus.org/=======For Hexion CEO Michael Lefenfeld, the answer isn't just about technology, but about culture, safety, and rethinking value. In episode 901 of CXOTalk, Lefenfeld details his strategy for integrating AI across every level of a billion-dollar manufacturing enterprise, from the R&D lab to the factory floor.Michael Krigsman and Michael Lefenfeld discuss the practical realities of moving beyond "pilot purgatory." They dive into how to manage workforce anxiety (the "carrot vs. stick" approach), leverage Private Equity for long-term innovation, and maintain strict safety guardrails while moving fast.If you are a leader navigating the complexities of digital transformation, this interview offers a concrete roadmap for driving growth without sacrificing your company's heritage.

In 1914, a young man of 16 years of age immigrated from Italy to the United States. His name was Antonio Pasin. Over the next three years he worked whatever jobs he could get, saving his money until he was able to afford to rent a one room workshop in 1917. That same year the world went mad... millions dying in WWI, Zionist Bolsheviks toppling the Romanov Dynasty in Russia to create the communist Soviet Union, America entering WWI and Europe falling into an economic spiral. Yet, Pasin started making wagons, building them at night and selling them in the day. By 1923 Pasin established the Liberty Coaster Company to manufacture and sell his wagons, and in 1927 he transformed the company by using manufacturing processes learned from Ford Motor Company, taking on the new name Radio Steel and Manufacturing Company. The Radio Flyer wagon rapidly become an American icon, becoming a part of the lives of children and adults alike.  #BardsFM_TheAmericanBrand #TheRadioFlyerWagon #DreamsAndPassions Bards Nation Health Store: www.bardsnationhealth.com EnviroKlenz Air Purification, promo code BARDS to save 10%:www.enviroklenz.com EMPShield protect your vehicles and home. Promo code BARDS: Click here MYPillow promo code: BARDS >> Go to https://www.mypillow.com/bards and use the promo code BARDS or... Call 1-800-975-2939.  White Oak Pastures Grassfed Meats, Get $20 off any order $150 or more. Promo Code BARDS: www.whiteoakpastures.com/BARDS BardsFM CAP, Celebrating 50 Million Downloads: https://ambitiousfaith.net Morning Intro Music Provided by Brian Kahanek: www.briankahanek.com Windblown Media 20% Discount with promo code BARDS: windblownmedia.com Founders Bible 20% discount code: BARDS >>> TheFoundersBible.com Mission Darkness Faraday Bags and RF Shielding. Promo code BARDS: Click here EMF Solutions to keep your home safe: https://www.emfsol.com/?aff=bards Treadlite Broadforks...best garden tool EVER. Promo code BARDS: TreadliteBroadforks.com No Knot Today Natural Skin Products: NoKnotToday.com Health, Nutrition and Detox Consulting: HealthIsLocal.com Destination Real Food Book on Amazon: click here Images In Bloom Soaps and Things: ImagesInBloom.com Angeline Design: AngelineDesign.com DONATE: Click here Mailing Address: Xpedition Cafe, LLC Attn. Scott Kesterson 591 E Central Ave, #740 Sutherlin, OR  97479

Micron Legend: Linkage #1-13 Scuzi fo' innarupting, but we're back after 20 years away so Ichikawa can explain it all! Join us to find out how Servo is the PG Tips Monkey, why a Mini-Con van is called "Midship", and whether or not Sunburn can really be considered "fat"; we coin the term "toyetic diegesis", and Jo finds a way to make things about Kamen Rider again. ALSO: Divorce.   Follow the podcast on Bluesky: @ourworldspod.bsky.social Wadapan: @wadapan.bsky.social Jolene: @sjbroadside.bsky.social Podcast art by Claudia: @ActualSkullgrin

On April 4, 1915, a fire sparked by faulty wiring tore through the Bryan Manufacturing Company's factory located on Huron Street. The fire consumed the building, but fortunately, no lives were lost.The bigger blaze came afterwards, in the days and weeks of public debate between the company's owners and the town over what would rise from the ashes. Much of that drama played out in the opinion pages of local newspapers.  Episode Picture: Bryan Manufacturing Company's newly constructed warehouse on the north side of Huron Street, 1894. [Collingwood Museum Collection, X972.8.1]Research:The Messenger, July 1915The Messenger July 20, 1915Enterprise Messenger August 1915Commercial Directory, Collingwood Bulletin, 1906Shaw, Melissa. Then and Now: Huron Street Business rises from ashes of 1915 fire. Collingwood Today, November 24, 2023. https://www.collingwoodtoday.ca/then-and-now/then-and-now-huron-street-business-rises-from-ashes-of-1915-fire-7874769Canada Lumberman. March 15, 1935.MacMurchy, J.T. THe Growth of the Town, Enterprise Bulletin, date unknown.Links:Tornaveen. Season3 Episode 5 https://spotifycreators-web.app.link/e/NvgROvOM3WbA Day of Tall Work and Many Tears. Season 1 Episode 10 https://spotifycreators-web.app.link/e/VNqrEITM3Wb

Title: When Real Estate Deals Go South: What to Do Next with Ted Patel Summary: In this podcast episode of “Decoding Cash Flow,” host Ted Patel interviews Seth Bradley, a securities attorney and real estate syndicator. They discuss the intricacies of raising capital for real estate investments and delve into the legal considerations that come into play, especially regarding compliance with SEC regulations. Seth shares his journey from a blue-collar background to becoming a successful attorney and real estate investor, providing a detailed account of his experiences in syndication and capital raising. The conversation covers topics such as the importance of being an active partner in syndications, the evolution of his investment strategy from small multifamily properties to larger syndications, and the rise of fund of funds models. Seth emphasizes the necessity for investors to understand legal documents and outlines key strategies for successful capital raising. This episode serves as a valuable resource for both passive and active investors looking to navigate the complex world of real estate investment. Links to listen and subscribe: https://www.buzzsprout.com/2104713/episodes/15911080-ep-153-leveraging-legal-expertise-for-investment-success-with-seth-bradley Links to watch and subscribe: https://www.youtube.com/watch?v=a4xTU9T6CVA&t=375s Bullet Point Highlights: Securities Compliance: Understanding the legal framework is crucial when raising capital to avoid issues with the SEC. Transitioning to Syndication: Seth discusses moving from small investments to syndication, emphasizing a progressive approach. Legal Documents: The importance of reviewing legal documents and understanding what to look for to avoid pitfalls. Network Importance: Leveraging existing networks can significantly boost initial capital raising efforts. Fund of Funds: Exploring how the fund of funds model offers a structured way to raise capital while adhering to regulations. Investor Communication: Maintaining regular communication with investors leads to referrals and sustained relationships. Future Trends: Insights into potential changes in the real estate syndication market depending on political climate and economic factors.   Transcript: you can certainly partner with other partners and buy a property together and raise Capital together and it's perfectly fine but as you know all you all need to be active partners and as you also know many times people put these things together not everybody's an active partner some people are just coming into the deal just to raise capital and then they don't have anything to do with the operations or the decision-making or anything like that and that's where you get yourself into trouble with the SEC and the state   commission are you looking to achieve massive success in your life without dealing with costly investment nightmares if yes then this is the podcast for you here we provide engineers and busy professionals all the secrets and strategies to create multiple streams of income build generational wealth and live a meaningful Life by Design here's your host Ted Patel welcome back to another episode of decoding cash fla podcast and today we have a very special guest Seth Bradley who is a Securities attorney and   a real estate syndicator he's a chief legal officer at tribe West and a managing partner at rise law and law Capital Partners uh Seth is also a host of passive income attorney podcast and uh today we'll like to you know get his perspective on as an attorney I would say uh on the ways different ways to raise capitals and you know what to look into or where to be careful why is why rais Capital Etc so we'll dive deep into those aspect as well as touch based upon uh the pros and cons of passive income   so uh Seth welcome to decoding cash flow it's a pleasure having you on the show Absolutely Ted really appreciate you having me on man looking forward to it all right great so said before we uh dive deep into your Niche uh can you give our listeners a little bit background about yourself what do you do and how did you get started in the real estate for sure man I I'll give you the expedited version but um you know I grew up in West Virginia grew up blue collar my dad was a coal miner he's a retired   coal miner my mom's a retired school teacher so you know I didn't come from a an entrepreneurship or a real estate background uh blue collar background and you know that kind of sent me into a path of you know full-time W2 and trying to figure out what the best job I can get because I didn't really think of you know entrepreneurship and owning assets and things like that were really an option um so I went into med school um hated it I went for about a year and a half uh dropped out on my own valtion um   ended up actually getting my MBA after that and then into law school where I really started to thrive I really liked law school a lot I liked you know I never wanted to litigate but I was always interested in business and transactions and real estate and those sorts of things so um getting that that legal background gave me kind of that really solid foundation to you know honestly at a young age getting myself into into doors uh where I probably didn't belong you know when you say you're an attorney you're a real estate   attorney or Securities attorney um you know when you're younger it's like oh really that's really cool um and you kind of you know eat your foot in the door so that's really how I got started um I worked in big law for about six six almost seven years um worked at most recently uh one of the top three law firms in the world um uh you know it it was a great experience gave me a really good background and foundation on Securities Law and kind of that that highest level of sophistication and transactions um and you know allowed me   to you know save a little bit of money and really kind of start going out on my own and start purchasing real estate and start investing in syndications passively and then actively um and then eventually start my own firm uh my own Boutique Securities Law Firm that's awesome I love it so you know a lot of people uh you know they they start their investment journey by maybe at at the initial level they buy a small multif family or do a Fix and Flip you know uh how how did you manage to get into syndication directly or what   what what was the path that you took you know what inspired you to get into syndication directly while being an attorney in sort of going through through the normal route of you know starting small and then getting into multi family syndication yeah well I'll tell you what Ted I actually took a I took the traditional route man I started you know like a lot of people do I started really small I started listening to Bigger Pockets right you listen to Bigger Pockets you started thinking oh I've got to uh own rental property so um   as soon as I got my first big Law Firm job I actually house hacked into a duplex lived in one half uh my wife was flexible enough with me to be able to do that so she didn't mind living in a duplex and living in one half renting the other half out and having them pay the mortgage and that was kind of the beginning and then I just started um like a lot of people uh you know doing fix and flips and doing fixing buy and holds and wholesaling a little bit here and there and then moving your way up to   uh you know small multif family and then as I got more sophisticated as an investor and more sophisticated as an attorney and started looking at the clients that I have because I'm working at Big law firms and you know these clients are the folks like like us now right like they're taking down you know $20 million properties hundred million funds things like that um and you just start thinking man I'm I'm not thinking big enough um I need to go bigger how do I do that um you know having that attorney background in real estate   Securities really helped me out um but I was still kind of you know a little bit hesitant I didn't really know that side of the business I knew the legal side I knew the closing side but I didn't know the business side um so I started investing passively first and that was after I spoke to some people and they said that's probably the best thing to do you know I had a good job so I I was able to afford it so I invested passively in some deals kind of got my feet wet that way started to understand   from you know the investor standpoint what that looked like to invest in a in a syndication or a fund and then at that point I realized hey I I can do this um so I actually started leveraging my Securities background um to partner with other operators um and get an equity position in the company um you know bringing in investors I'm doing the due diligence doing the uh some of the underwriting and and then also you know bringing my Securities uh Securities skills of the table which everybody needs when they're raising   capital okay all right that sounds great man so so you did take a traditional route as you mentioned right you yeah maybe maybe didn't uh you know stay in that U uh field for quite long time you just jump to syndication yeah pretty quick hacking yeah pretty quick yeah yeah I mean I built a small portfolio and like I said went into some smaller multifamilies maybe took about three or four years and I started investing passively and then you know by the time I started investing passively I was already looking to go to   the active side within you know a couple of months so are you an attorney do you still practice law I do um kind of as a you know it's not like a a full-time gig but I do have my own Boutique Law Firm raise law where you know I I you know if it's down the middle I'll take on the work um you know if it's a real estate syndication if it's a real estate fund or it's a fund of fund I put those together for people U you know I've been doing that for you know over a decade now so it's like breaking sticks at this   point but I've really been able to leverage my uh Securities attorney background to um some of these other positions with uh startups so startups are really exciting for me um you know they've those are home run swings right like real estate is kind of like singles like let's let's hit singles let's keep that batting average High um you know these are you know a little bit safer they're secure um when you get into the startup world it's like your chance of failure is pretty high whereas real estate your chance of failure is on the   low side um but with with startups it's pretty high but you know that that kind of appeases my risk appetite um to get involved with these startups and I've been able to to like I said leverage my security skills and my background as a a syndicator and a fund manager um to become Chief legal officer for trib bestest so trib bestest um traditionally was a group investing platform and uh you know I was speaking at a conference in the bvis with uh Travis Smith who is the CEO and we really just hit it off   and our wives hit it off and you know they were trying to Pivot from this group investing platform to um you know try to try to enter the Securities and the syndication market and I and they were looking at like a cgp model and I said look Travis this this is going to fun funds right like you know this was this was about a year and a half ago um some things were going on in background with the SEC uh doing some investigations and things like that for some well-known folks and you know the market was starting to to see hey we   need to we need to start paying more attention to these Securities regulations and maybe get away from the cgp model and the solution all along has always been fund of funds it's just fund of funds is expensive it's hard to put together it's you know all those different things um but what we've done to try best is be able to kind of package that into a fun fun in a box all right yeah we'll we'll speak um get more uh into that fun of fund models you know but before we dive deep into that I just wanted to che check few   things like you you mentioned uh startups so in addition to the real estate you also do raise capital for the startups is that so so I'm not raising capital for the startups I'm actually uh fractional clo for not only tribe vest but two other startups one called clavis which is also a real estate uh technology software platform um and then stack rck battery which is a battery manufacturing company so think um you know Tesla power wall it's similar to that it's actually a newer technology that we use a more powerful   technology um but it's very similar in nature where you pair that with solar so we're we're a solar manufacturing or a battery Manufacturing Company um and again these are you know these are I would call them somewhat mature startups in in that world I mean um you know we're well over a million and a half in revenue of a stack rack and um we just went live with a fully automated software with with clavis and then triest is of is is really headed towards series a right now so you know all three of them are progressing really   well um and looking forward to seeing how I can help help ignite that okay sounds good man all right so now moving on to this uh triest right tell me something about uh a little bit more about what do you do at Tri like you said you have a fund in the Box model yeah now uh so so any any group of investors they can come together create their own fund and they can invest in a operators fund is is that though how it works with triest yeah to a certain extent I mean I think it it helps to think about kind of   the history of group investing so traditionally tested what they called group investing it's more similar what you described let's say me you and three buddies put in 100,000 bucks and we've got 500,000 bucks now to get over maybe an investment minimum to invest in a syndication or a fund um and that's it so we just we leveraged each other's Capital to um you know get into a deal at maybe a a large minimum or maybe that uh you know we got a bet we got better financial terms because we put together   half a million instead of investing 50,000 bucks or something um the the ISS is there is is no one gets paid right like we're all just putting our money together investing together and it's really set up like a joint venture we all have equal voting rights based on how much money we put in um you know we we make decisions together we all decided to invest in that one deal and we could all decide together to invest in a different deal if we actually want to um but nobody's getting paid um because when you start getting paid now   you're talking about Securities laws when you start getting paid you should be licensed or find an exemption so um you know you need a broker's dealer license or be in raia under certain circumstances so that's where you start getting into that um a lot more complicated when that starts to happen and that's what tribe vest pivoted to last year is hey we still have the group investing option but a lot of times what happens is one of those people in the group is the one doing all the work right like one of the person is the one   that found tribe vest and is like hey I found this platform I'm gonna let's all put our money together and then you know he's the one collecting the money and badgering people to you know do the distributions and the taxes and all those sorts of things there's somebody putting in some time and effort for that and they at some point they're like hey if I do this next time like I want to get paid for it but how can I do that um you have to find the right uh Capital raising vehicle to be able to legally   pay yourself and we've created that with trivest and that kind of coincided with what I mentioned earlier which was kind of the industry pivot away from the cgp model um when I say CP model I mean I mean the abuse of the cgp model you can certainly partner with other partners and buy a property together and raise Capital together and it's perfectly fine but as you know all you all need to be active partners and as you also know many times people put these things together not everybody's an active   partner some people are just coming into the deal just to raise capital and then they don't have anything to do with the operations or the decision-making or anything like that and that's where you get yourself into trouble with the SEC and the state commissions and the solution to that is is well first of all just don't do it but the solution to it if you still want to raise capital is to create a fund of funds um but the problem with the fund of funds model is now these former cgps have all these new   responsibilities they have to find a Securities attorney they have to put together offering documents they have to find a CPA they have to start a business they have to get a business banking account they have to manage their investors they have to find a portal they have to do all the things that a a real active GP would normally have to do um but typically you know the the active partner is the one doing it for them now they have to do it all themselves so it's a lot more work so in short um it as you mentioned right cgps um they   need to be active in the syndication you know if you're Co GP and know any of the property you need to be active and I I also seen and you might have also seen uh there are certain projects where there are 10 or 15 different C GPS and only five or six takes responsibilities other are just you know raising fund for that uh particular property so this helps uh this model uh you know helps the inactive coach I would say Partners to get the fees that they need as well as raise Capital without getting into   Crosshair of s that's right that's right and the only reason that it's it's been going on for so long now and I'll say since like I'll say 2012 because that's when the jobs Act pass and you were starting to be able to advertise for um these syndication deals and things like that um is because real estate's been so fantastic right like it's been going up up up since the crash in 2008 um and nobody's nobody's suing anyone for the most part because their Investments are great right up until let's say that   little blip in 2020 from but then last year when the interest rates started going up some of these projects started to fail and that's when investors start getting angry because they're not getting you know their distributions and they start asking questions and that's when you're seeing people you know they're getting Capital calls and and they're starting to you know get sued by passive investors that's when these things start to fall apart because if if everybody's happy there's there's you know nobody's going   to get caught so to speak you know what I mean like nobody's going to find out that you raised Capital illegally unless somebody's upset and starting last year that's when people started getting upset and that's when you're starting to see some people um you know get exposed for raising capital in the wrong way what what are the fees that uh you can charge in this fund of fund model what kind of fees because as a cgp there are many different venues right you you can charge the finding fees operations   management fees uh at the end you can also take a part of the profit uh you know yeah so a lot of comes down to how you structure it right like these are these are very complicated Securities regulations that have a lot of layers on top of them because when you get into a fund of funds you're not just dealing with um what people are familiar with 506 C and 506b exemptions which are the 1930s acts you also get into the 1940s acts when you start dealing with fund of funds um and those are uh the invest the   investment advisor Act and the Investment Company act so there are lots of nuances to that and how you can get paid but if you're structured correctly you can get paid the same way so you can get paid an upfront fee you can get paid a um you know an ongoing annual fee percentage and you can get paid a profit split like basically all the same types of fees that you would collect as a cgp you can also collect as a fund manager but again there's a lot of nuances to that okay all right so um for for the new investors right   uh uh when when they start into this passive invest investment world you know uh they are you know they get a little intimidated by seeing all the different uh documents that the operator sends them uh the ppms and all the other legal documents right um and so based on your perspective like you know you're an attorney right so what what are the things that the investor needs to checking these legal documents to make sure there are no red flags or to be cautious of something what what are those things that you would like to   tell to our listeners for sure and it's tough right like these are not short documents I mean you know the the subscription booklet so to speak that includes let's say the subscription agreement the operating agreement and the the PPM it can be minimum 100 Pages it's probably going to be closer to 200 pages in totality and that's in intimidating I mean that's intimidating for myself who is an attorney let alone you know a passive investor that says hey I I thought I was just going to invest passively like this reading a   200-page legal document is not passive to me so you do need to be educated on kind of the things to look for and you know you should read the whole thing unfortunately I you should at least skim it over and the more you do it the more you'll get comfortable with it and the more when you see that see it the next time and the time after that you'll be able to get through it quicker and quicker because they all look you know they all have the the same basic parts but I you know I would say some things   to look for you know first of all make sure that everything matches so let's say the what call the offering memorandum or the pitch deck that the the marketing piece that the operator puts out you know they're going to have their projected returns their fees the proforma they're going to have some other information in there make sure that those numbers match the numbers in the PPM and the PPM is is a Disclosure document so it's a legal document but it's not it's not the final legal document the final document is going to   be the operating agreement so you really want to make sure that the the marketing piece or the pitch deck matches the PPM and the PPM matches what the operating agreement says and ultimately whatever the operating agreement says is what goes so if you take the time to read anything it should be the operating agreement even though that will probably be the hardest um hardest document to read because it will be completely in legal ease but that's the controlling document so if if the pitch deck says   something um and then the op agreement says another thing the operating agreement is what controls um so you know some big things to look out for are are voting rights you know typically as a passive investor you're not going to have a lot of voting rights but there should be some sort of a mechanism to remove the manager in very extreme circumstances so if there's you know some sort of gross negligence or fraud or misrepresentation or you know things like that then there should be a mechanism to um remove the manager and   that's usually done through some sort of a majority vote or super majority vote Plus you know proving that they did commit those actions um again it should be a pretty extreme case but there should be a mechanism there for that um obviously you know make sure that your Fe you know what the fees are going to be you need to know what fees you're paying you need to know um what that waterfall looks like meaning you need to know how you're going to get paid as the passive investor make sure you understand that and make sure it matches   your understanding and if you have questions about it make sure you ask the fund manager or ask the operator um to explain it to you in in um you know in non-legal e language so that you can understand it um and then on top of that you know another important thing that you're seeing nowadays is capital calls make sure you know what the capital call language is so if there's some sort of a a demand for Capital from the operator or from the fund manager what triggers that is it mandatory is it discretionary   um is it up to a vote it could be up to a vote um just make sure you know the mechanism for that and that you're comfortable with it yeah and if uh if your share gets diluted if you don't contribute to the capital call that's right that's right and it's perfectly fine to get diluted if you don't contribute I mean that's typical like if you don't contribute um you should get diluted right but what you need to look out for is if you get deluded Pro uh based on how much you didn't contribute which is fine um it's   typical but you'll see some uh penalty Provisions where you get diluted even more so than than prata and that's where it can be a problem um so just look out for those types of provisions and um in in these documents right the legal documents what if if you take fun of fund model if you take like separate 506b or C right what what are the extra documents in each of these sections that uh uh any any person who wants to start uh raising Capital uh needs to be aware of yeah so if you do a fund of fund you   you just have to think of it like it's your own syndication it's your own fund so you're going to have your own separate set of offering documents or subscription booklet whatever you want to call it so there's going to be two sets and looking at it from the passive investor standpoint if you're the passive investor that's going to be investing in the fun of fund there's going to be two of documents you're going to have to look at you're going to have to look at the fund of fund documents um which is going to have the   PPM the operating agreement and the subscription agreement and then you're also going to have to look at the offering documents for the um for the Target deal that the fun of fund is investing in so there's going to be two set so uh double the work um but you know there there are some benefits to that and obviously if you're investing in a fund of fund then you have a certain level of trust with that particular fund manager which is you know probably why you're investing with them anyways and sometimes you can get a   better deal I mean not all the time but every once in a while you can um so there you know you'll have to review two sets of offering documents but at the end of the day you know it's like I said you'll get better and better at as time goes by as a syndicator uh what what are the different uh assets that you are involved with I know multif family is there anything else that you do syndication for yeah I've done I've done a lot of different things um multif family I've done industrial I've done ret shopping   centers um RV parks um different funds right now um I'm actually doing a California U fund so accessory dwelling units so we're doing those in Riverside County it's a $20 million fund um and we're buying single family houses and turning it into a basically a three or four Plex um and sometimes you split the lot and you end up with six to eight units on that thing and they're incredible um it's it it's really the only thing you can get done here in California um with you know Little Resistance because everybody knows   California is the king of Regulation so but for some reason they think the adus are the the solution for the housing crisis out here so they let these things get permitted pretty quickly and it's an excellent opportunity it may be might be a short window but right now it's it's a fantastic uh fantastic asset right and uh so you only invest in California you're only focused or are you look at the other properties on out of state also oh I look out of state for sure this is actually the first thing   that I've done outside of you know a few single families and condos um in California generally I was I was one of those people that always said hey you can't really invest in California doesn't cash flow it never makees sense um I've actually came around quite a bit to that you know now that I'm I'm a more mature investor and you know you're in you're in New Jersey so you see like you know that big appreciation play as well um I just remember like bigger Pockets used to be they used to preach oh it's   all about cash flow right like you know all cash flow don't don't invest for appreciation but you need to invest for both I mean I think you need to invest for cash flow because you need to cover your bases I mean you don't want a negatively cash flowing asset that's for sure you don't want something that's going to cost you money but when you invest in places like New York and Coastal California and you know Beach areas things like that um City centers over the long run they're going to appreciate and they're going to   appreciate a lot I mean you might have you know more of a up and down um but at the end of the day it's going to be much higher whereas you know when you invest in which I do I invest in the midwest I invest in the South um those places a little bit more um you know subtle and they're going to increase in in price as well and in appreciation but it's just you know it's a lot more slow um and you might get a little bit more cash flow so you know I like to have a good mix but you know if if you're not strapped for   cash um and you're really trying to build long long-term wealth um that appreciation play is is really important absolutely I can't agree with you Mora because it's all about numbers right first of all yeah you don't don't have to have a negative cash as you mentioned uh the other thing is regardless of which state it is like California New Jersey New York uh of course you know there are some landlord friendly States some are not but as long as you know how to navigate those Waters you'll be fine for sure for sure and   then and you know obviously Force appreciation in everything I mean I don't buy anything that doesn't have some some upside from rolling up your sleeves for sure so um now you you are an ATT Securities attorney do you see in in in next few years do you see any uh any changes upcoming changes with regards to real estate indication like there are you know some more uh rules or you know coming in you know I I I don't want to get political but I I do think that politics have a a pretty big influence   on this um you know I I vote for policy um I don't vote for the the uh person I vote for the policy and I'm in business I'm in real estate so I like to vote for people that are going to be favorable for me so you know this recently proposed massive capital gains tax is absolutely insane to me so things like that really tough to tough to judge right but like you know if it let's say it does go towards um the Republican side let's just say that it it's known that there they want less government oversight um including the SEC um   because you've seen the SEC pick up in the last four years um with oversight you've seen it o you know increased um employees with the IRS things like that so that does influence things um especially with the SEC right because we're talking about syndications we're talking about funds it'll make people a little bit more uh trepid to do anything right um if if people if it's more of a free market and you know they're not too worried about the SEC you're going to see more business you're going to see   more funds you're going to see more syndications um you know looming is the capital gains thing that is huge that will that will be massive for the real estate market whichever way that goes now even if it even if it goes towards uh the left it's not to say that those laws are going to pass I mean that's that's going to be a really difficult thing to pass anyway ways but if it does that can that can dramatically influence it um and there are other things that are out of control as well I mean things   like um you know world wars like things like that you can't predict control you cannot predict those things so you really just you can't focus on politics you can't focus on things that are out of control you have to do what what you can do to to make yourself better and to better your business um but you know I I see the the Securities um the Securities industry um you know funds fun to funds raising capital for Real Estate those sorts of things I can only see it going up I mean there even even with some headwinds from   different things from different regulations or different things that are happening around the world um you know just there's a massive there's there there's a massive movement towards it so I think it'll continue to to go up over time okay all right so um before we get to the final round of questions I had one topic that I want to touch based upon you know you being a syndicator if you like to give a listeners a little bit uh overview on the strategies that you use to raise Capital sure sure man   um you know and I actually have a really good perspective working at tribe vest now because we deal with so many different uh Capital raisers and fund managers and Lead sponsors and we're getting to see who raises a lot of capital who doesn't who's able to perform who can't and you know you start to see the people that are successful and the people that are not and you know what we're trends that we're seeing are people that already have an existing Network are usually successful out of the gate right like if you're a doctor a   lawyer an engineer um maybe even a software engineer someone like that that already has a a wealthy Network those people are generally very successful at raising Capital because they have wealthy friends and it's easy for them to raise uh you know half a million bucks a million bucks out of the gate um that's number one but that only lasts for so long I mean number two once you kind of exhaust those resources you really need to focus on um referrals from those people that invested with you and hopefully you did a good job and you   keep your Communications up um which is really important too I should say that keeping those investor Communications are super important and hardly anybody does it you would you've got once they invest with you you got to fall up on regular basis that's right man provide the reports you wouldn't believe it I mean you would think that that that would be one of the easiest things but it's not because everybody has shiny object syndrome and as soon as you close a deal you're moving on to the next one   and you're not worried about those other investors well that's your best source of new investors are your current ones for referrals because if they give you a referral that's that's golden that's your easiest way um and then secondarily you're going to have to figure out a way to get in front of strangers and new investors so whatever that looks like if that looks like um going on other people's podcasts or starting your own podcast or speaking at events or um you know if you're a doctor start going to   conferences and just talking about um you know what you're investing in and what you're doing and the deals you're deals you're doing things like that you you've got to network you've got to get out there and you've got to figure out a way to get in front of of new people and and new potential investors any any specific uh um tools or you know softwares you recommend um you know me personally I I just use active campaign for my CRM um I've seen a bunch of people use different ones um go high level is great   as well because it's all in one so you can create your your emails your funnels CRM your courses if you have one you can manage a mastermind on there you can do it all on there um it doesn't do anything exceptional but it does everything pretty good so that's that's kind of the knock on it but yeah those are the two big ones that that I use same here I'm also good uh I'm I'm also into active campaign oh cool yep yeah yep that's a good tool yeah all right uh so uh Seth loving this conversation you know but uh I also need   to be mindful of your time so I would like to move on to the final round of questions uh is there anything else that you like to tell to a list us before we move to the final questions um I would just say you know I've seen this journey before I know a lot of your in your a lot of your listeners are passive investors and a lot of times when I give a keynote when I'm speaking it's a it's two passive investors so and I talk about the journey from passive investing to raising Capital um because that's kind   of the the natural progression it's like you invest passively for a while then your friends ask you about that deal and oh man where do you find these Investments blah blah blah and you know eventually you're like man maybe I can raise some Capital but you know doing that transition from passive investor to Capital razor um has never been easier right and especially with um you know I'm going to plug tribe here because it's a done for you product so when you have your five wealthy friends or your   10 wealthy friends that want to invest in a deal but you want to figure out how you can actually get paid for it legally triest does all the stuff that I was talking about doing before that's just a pain like getting your CPA getting a Securities attorney doing your offering documents starting a business we do all that for you we onboard your investors we do everything I mean it's it's a white glove service so you that didn't exist a few years ago um so it's it's easier than ever to make that transition   from passive investor to raising capital for somebody like you Ted that's awesome man uh you know it's always good to uh see like you know people simplifying the things less time less money less energy to put in and you get the same kind of returns and uh you know for sure yep uh let's move on to the final round of questions are you ready let's do it all right pretty easy ones okay so all right man I'll take your word for it better not stop me here so uh what are the main source of information main source of information   to learn and grow um you know I listen to a lot of podcasts I I do a lot of audio um if it's and especially like Audible for books and then podcast obviously for shorter content um and then if if I think it's a really good audible book then I'll actually buy the hard copy and and try to read it I won't say that I always get to it because I just don't have time but I like to listen to stuff while I'm working out and running and doing stuff like that um but mainly podcasts to just stay up up to date on   things and you know I've kind of actually gotten away from Real Estate specific podcast and more into like business things like um you know Alex horos and and those types of guys that talk about business generally I think it's a good flavor um to mix it up with awesome uh what is the one book that you'll recommend would had the most impact on your life or on your business yeah I mean you know it's Rich Dad Poor Dad I mean that's for sure I I'll say another one though because I would say everybody probably says that I   mean It Rich Dad Poor Dad definitely had the the most impact I mean it's I think it has that influence on a lot of people when they read that book they're like it's so simple but it just flips the light and it just changes the way that you look at kind of Life generally um but I would say this one it's a little flu flu but Miracle equation by Hal Hal Elrod um who did the miracle morning um this one came after that but it it's great because it's it just the the main line which is unwavering Faith plus   extraordinary effort equals Miracles I mean if you just kind of I use that as a mantra because it's like you know gets tough right like and you've got to be consistent and you've got to do it over and over again and when you're an entrepreneur or you're a business owner or even if you're an investor and you're trying to get out of your W2 you're 9 to5 like you don't know if it's going to have a happy ending so you have to have unwavering faith and if you do have that faith and you do keep putting in the   consistent effort it's going to work out in the end yeah absolutely I have read that book too it's one of my favorite also and all right so what is the one advice that you like to give to at least any business or investment advice yeah um pay for help pay for Speed um you know you can you can sit here and um figure it out yourself you can go to YouTube University you can go to chat GPT um you can listen to all the podcasts and read the books but nothing's going to accelerate your time like getting a coach or a mentor that's   already doing the things that you want to do um and don't be if you can't get them on board for free then pay them to do it um make sure you know what you're doing because a lot of people out there you know call themselves coaches and they're they're not they don't know what they're doing so be careful but if you find a good one don't be afraid to to pay money for that it it just blows my mind that you know people pay 40 50 $60,000 a year for a college education but then for you know a fourth of that   they could get direct Hands-On mentorship from somebody that's already doing exactly what they want to do and people don't want to do it it's you know they don't be afraid to pay for Speed don't be afraid to pay for help yeah just check out in detail what the coach has done for you know what exactly he's doing and what what he has done for different people yeah of course if it fits your yeah all right uh SE uh it was a pleasure talking to you and thanks a lot for all the details and information that   you provided to thanks Ted really appreciate it man oh before that I just missed one part how can decoding cash FL listeners get in touch with you for sure man I usually update my Links at Seth Paul bradley.com you can find all my social media links there and you can find links to tribe vest and and other things that I'm involved in if I'm raising capital for anything in particular but that's that's the best place to find all my links South paa bradley.com awesome man all right thanks a lot for   coming on the show my friend all right Ted appreciate it man thanks all right take it thanks for listening to decoding cash flow brought to you by Aster Capital if you found value in this episode then please share it with someone who you think could benefit from it and make sure to ask on what you've learned if you want Ted Patel to personally help you reach your goals then feel free to set up a one-on-one call with him also visit us at Aster capital.com for more free resources content of this podcast is for   informational purposes only as always please consult your own adviser before making any investment decisions or setting a course of action thanks again for joining us on this episode of decoding cash flow and we'll catch you in the next episode Links from the Show and Guest Info and Links: https://www.youtube.com/watch?v=a4xTU9T6CVA&t=375s https://www.linkedin.com/posts/astre-capital_astrecapital-podcast-finance-activity-7250610044331769857-4KgJ?utm_source=share&utm_medium=member_desktop&rcm=ACoAAFY-6nMBbbX5J6KeuEtIMcA9tcRG4F_1ItE https://www.instagram.com/p/DA_3q-BOWJm/ https://x.com/AstreCapital/status/1844844972295741635 https://fb.watch/zpTx6laLaU/ https://www.linkedin.com/company/astre-capital/ https://www.facebook.com/AstreCapital/ https://x.com/AstreCapital https://www.instagram.com/astrecapital/ Seth Bradley's Links: https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en

Title: When Real Estate Deals Go South: What to Do Next with Ted Patel Summary: In this podcast episode of “Decoding Cash Flow,” host Ted Patel interviews Seth Bradley, a securities attorney and real estate syndicator. They discuss the intricacies of raising capital for real estate investments and delve into the legal considerations that come into play, especially regarding compliance with SEC regulations. Seth shares his journey from a blue-collar background to becoming a successful attorney and real estate investor, providing a detailed account of his experiences in syndication and capital raising. The conversation covers topics such as the importance of being an active partner in syndications, the evolution of his investment strategy from small multifamily properties to larger syndications, and the rise of fund of funds models. Seth emphasizes the necessity for investors to understand legal documents and outlines key strategies for successful capital raising. This episode serves as a valuable resource for both passive and active investors looking to navigate the complex world of real estate investment. Links to listen and subscribe: https://www.buzzsprout.com/2104713/episodes/15911080-ep-153-leveraging-legal-expertise-for-investment-success-with-seth-bradley Links to watch and subscribe: https://www.youtube.com/watch?v=a4xTU9T6CVA&t=375s Bullet Point Highlights: Securities Compliance: Understanding the legal framework is crucial when raising capital to avoid issues with the SEC. Transitioning to Syndication: Seth discusses moving from small investments to syndication, emphasizing a progressive approach. Legal Documents: The importance of reviewing legal documents and understanding what to look for to avoid pitfalls. Network Importance: Leveraging existing networks can significantly boost initial capital raising efforts. Fund of Funds: Exploring how the fund of funds model offers a structured way to raise capital while adhering to regulations. Investor Communication: Maintaining regular communication with investors leads to referrals and sustained relationships. Future Trends: Insights into potential changes in the real estate syndication market depending on political climate and economic factors.   Transcript: you can certainly partner with other partners and buy a property together and raise Capital together and it's perfectly fine but as you know all you all need to be active partners and as you also know many times people put these things together not everybody's an active partner some people are just coming into the deal just to raise capital and then they don't have anything to do with the operations or the decision-making or anything like that and that's where you get yourself into trouble with the SEC and the state   commission are you looking to achieve massive success in your life without dealing with costly investment nightmares if yes then this is the podcast for you here we provide engineers and busy professionals all the secrets and strategies to create multiple streams of income build generational wealth and live a meaningful Life by Design here's your host Ted Patel welcome back to another episode of decoding cash fla podcast and today we have a very special guest Seth Bradley who is a Securities attorney and   a real estate syndicator he's a chief legal officer at tribe West and a managing partner at rise law and law Capital Partners uh Seth is also a host of passive income attorney podcast and uh today we'll like to you know get his perspective on as an attorney I would say uh on the ways different ways to raise capitals and you know what to look into or where to be careful why is why rais Capital Etc so we'll dive deep into those aspect as well as touch based upon uh the pros and cons of passive income   so uh Seth welcome to decoding cash flow it's a pleasure having you on the show Absolutely Ted really appreciate you having me on man looking forward to it all right great so said before we uh dive deep into your Niche uh can you give our listeners a little bit background about yourself what do you do and how did you get started in the real estate for sure man I I'll give you the expedited version but um you know I grew up in West Virginia grew up blue collar my dad was a coal miner he's a retired   coal miner my mom's a retired school teacher so you know I didn't come from a an entrepreneurship or a real estate background uh blue collar background and you know that kind of sent me into a path of you know full-time W2 and trying to figure out what the best job I can get because I didn't really think of you know entrepreneurship and owning assets and things like that were really an option um so I went into med school um hated it I went for about a year and a half uh dropped out on my own valtion um   ended up actually getting my MBA after that and then into law school where I really started to thrive I really liked law school a lot I liked you know I never wanted to litigate but I was always interested in business and transactions and real estate and those sorts of things so um getting that that legal background gave me kind of that really solid foundation to you know honestly at a young age getting myself into into doors uh where I probably didn't belong you know when you say you're an attorney you're a real estate   attorney or Securities attorney um you know when you're younger it's like oh really that's really cool um and you kind of you know eat your foot in the door so that's really how I got started um I worked in big law for about six six almost seven years um worked at most recently uh one of the top three law firms in the world um uh you know it it was a great experience gave me a really good background and foundation on Securities Law and kind of that that highest level of sophistication and transactions um and you know allowed me   to you know save a little bit of money and really kind of start going out on my own and start purchasing real estate and start investing in syndications passively and then actively um and then eventually start my own firm uh my own Boutique Securities Law Firm that's awesome I love it so you know a lot of people uh you know they they start their investment journey by maybe at at the initial level they buy a small multif family or do a Fix and Flip you know uh how how did you manage to get into syndication directly or what   what what was the path that you took you know what inspired you to get into syndication directly while being an attorney in sort of going through through the normal route of you know starting small and then getting into multi family syndication yeah well I'll tell you what Ted I actually took a I took the traditional route man I started you know like a lot of people do I started really small I started listening to Bigger Pockets right you listen to Bigger Pockets you started thinking oh I've got to uh own rental property so um   as soon as I got my first big Law Firm job I actually house hacked into a duplex lived in one half uh my wife was flexible enough with me to be able to do that so she didn't mind living in a duplex and living in one half renting the other half out and having them pay the mortgage and that was kind of the beginning and then I just started um like a lot of people uh you know doing fix and flips and doing fixing buy and holds and wholesaling a little bit here and there and then moving your way up to   uh you know small multif family and then as I got more sophisticated as an investor and more sophisticated as an attorney and started looking at the clients that I have because I'm working at Big law firms and you know these clients are the folks like like us now right like they're taking down you know $20 million properties hundred million funds things like that um and you just start thinking man I'm I'm not thinking big enough um I need to go bigger how do I do that um you know having that attorney background in real estate   Securities really helped me out um but I was still kind of you know a little bit hesitant I didn't really know that side of the business I knew the legal side I knew the closing side but I didn't know the business side um so I started investing passively first and that was after I spoke to some people and they said that's probably the best thing to do you know I had a good job so I I was able to afford it so I invested passively in some deals kind of got my feet wet that way started to understand   from you know the investor standpoint what that looked like to invest in a in a syndication or a fund and then at that point I realized hey I I can do this um so I actually started leveraging my Securities background um to partner with other operators um and get an equity position in the company um you know bringing in investors I'm doing the due diligence doing the uh some of the underwriting and and then also you know bringing my Securities uh Securities skills of the table which everybody needs when they're raising   capital okay all right that sounds great man so so you did take a traditional route as you mentioned right you yeah maybe maybe didn't uh you know stay in that U uh field for quite long time you just jump to syndication yeah pretty quick hacking yeah pretty quick yeah yeah I mean I built a small portfolio and like I said went into some smaller multifamilies maybe took about three or four years and I started investing passively and then you know by the time I started investing passively I was already looking to go to   the active side within you know a couple of months so are you an attorney do you still practice law I do um kind of as a you know it's not like a a full-time gig but I do have my own Boutique Law Firm raise law where you know I I you know if it's down the middle I'll take on the work um you know if it's a real estate syndication if it's a real estate fund or it's a fund of fund I put those together for people U you know I've been doing that for you know over a decade now so it's like breaking sticks at this   point but I've really been able to leverage my uh Securities attorney background to um some of these other positions with uh startups so startups are really exciting for me um you know they've those are home run swings right like real estate is kind of like singles like let's let's hit singles let's keep that batting average High um you know these are you know a little bit safer they're secure um when you get into the startup world it's like your chance of failure is pretty high whereas real estate your chance of failure is on the   low side um but with with startups it's pretty high but you know that that kind of appeases my risk appetite um to get involved with these startups and I've been able to to like I said leverage my security skills and my background as a a syndicator and a fund manager um to become Chief legal officer for trib bestest so trib bestest um traditionally was a group investing platform and uh you know I was speaking at a conference in the bvis with uh Travis Smith who is the CEO and we really just hit it off   and our wives hit it off and you know they were trying to Pivot from this group investing platform to um you know try to try to enter the Securities and the syndication market and I and they were looking at like a cgp model and I said look Travis this this is going to fun funds right like you know this was this was about a year and a half ago um some things were going on in background with the SEC uh doing some investigations and things like that for some well-known folks and you know the market was starting to to see hey we   need to we need to start paying more attention to these Securities regulations and maybe get away from the cgp model and the solution all along has always been fund of funds it's just fund of funds is expensive it's hard to put together it's you know all those different things um but what we've done to try best is be able to kind of package that into a fun fun in a box all right yeah we'll we'll speak um get more uh into that fun of fund models you know but before we dive deep into that I just wanted to che check few   things like you you mentioned uh startups so in addition to the real estate you also do raise capital for the startups is that so so I'm not raising capital for the startups I'm actually uh fractional clo for not only tribe vest but two other startups one called clavis which is also a real estate uh technology software platform um and then stack rck battery which is a battery manufacturing company so think um you know Tesla power wall it's similar to that it's actually a newer technology that we use a more powerful   technology um but it's very similar in nature where you pair that with solar so we're we're a solar manufacturing or a battery Manufacturing Company um and again these are you know these are I would call them somewhat mature startups in in that world I mean um you know we're well over a million and a half in revenue of a stack rack and um we just went live with a fully automated software with with clavis and then triest is of is is really headed towards series a right now so you know all three of them are progressing really   well um and looking forward to seeing how I can help help ignite that okay sounds good man all right so now moving on to this uh triest right tell me something about uh a little bit more about what do you do at Tri like you said you have a fund in the Box model yeah now uh so so any any group of investors they can come together create their own fund and they can invest in a operators fund is is that though how it works with triest yeah to a certain extent I mean I think it it helps to think about kind of   the history of group investing so traditionally tested what they called group investing it's more similar what you described let's say me you and three buddies put in 100,000 bucks and we've got 500,000 bucks now to get over maybe an investment minimum to invest in a syndication or a fund um and that's it so we just we leveraged each other's Capital to um you know get into a deal at maybe a a large minimum or maybe that uh you know we got a bet we got better financial terms because we put together   half a million instead of investing 50,000 bucks or something um the the ISS is there is is no one gets paid right like we're all just putting our money together investing together and it's really set up like a joint venture we all have equal voting rights based on how much money we put in um you know we we make decisions together we all decided to invest in that one deal and we could all decide together to invest in a different deal if we actually want to um but nobody's getting paid um because when you start getting paid now   you're talking about Securities laws when you start getting paid you should be licensed or find an exemption so um you know you need a broker's dealer license or be in raia under certain circumstances so that's where you start getting into that um a lot more complicated when that starts to happen and that's what tribe vest pivoted to last year is hey we still have the group investing option but a lot of times what happens is one of those people in the group is the one doing all the work right like one of the person is the one   that found tribe vest and is like hey I found this platform I'm gonna let's all put our money together and then you know he's the one collecting the money and badgering people to you know do the distributions and the taxes and all those sorts of things there's somebody putting in some time and effort for that and they at some point they're like hey if I do this next time like I want to get paid for it but how can I do that um you have to find the right uh Capital raising vehicle to be able to legally   pay yourself and we've created that with trivest and that kind of coincided with what I mentioned earlier which was kind of the industry pivot away from the cgp model um when I say CP model I mean I mean the abuse of the cgp model you can certainly partner with other partners and buy a property together and raise Capital together and it's perfectly fine but as you know all you all need to be active partners and as you also know many times people put these things together not everybody's an active   partner some people are just coming into the deal just to raise capital and then they don't have anything to do with the operations or the decision-making or anything like that and that's where you get yourself into trouble with the SEC and the state commissions and the solution to that is is well first of all just don't do it but the solution to it if you still want to raise capital is to create a fund of funds um but the problem with the fund of funds model is now these former cgps have all these new   responsibilities they have to find a Securities attorney they have to put together offering documents they have to find a CPA they have to start a business they have to get a business banking account they have to manage their investors they have to find a portal they have to do all the things that a a real active GP would normally have to do um but typically you know the the active partner is the one doing it for them now they have to do it all themselves so it's a lot more work so in short um it as you mentioned right cgps um they   need to be active in the syndication you know if you're Co GP and know any of the property you need to be active and I I also seen and you might have also seen uh there are certain projects where there are 10 or 15 different C GPS and only five or six takes responsibilities other are just you know raising fund for that uh particular property so this helps uh this model uh you know helps the inactive coach I would say Partners to get the fees that they need as well as raise Capital without getting into   Crosshair of s that's right that's right and the only reason that it's it's been going on for so long now and I'll say since like I'll say 2012 because that's when the jobs Act pass and you were starting to be able to advertise for um these syndication deals and things like that um is because real estate's been so fantastic right like it's been going up up up since the crash in 2008 um and nobody's nobody's suing anyone for the most part because their Investments are great right up until let's say that   little blip in 2020 from but then last year when the interest rates started going up some of these projects started to fail and that's when investors start getting angry because they're not getting you know their distributions and they start asking questions and that's when you're seeing people you know they're getting Capital calls and and they're starting to you know get sued by passive investors that's when these things start to fall apart because if if everybody's happy there's there's you know nobody's going   to get caught so to speak you know what I mean like nobody's going to find out that you raised Capital illegally unless somebody's upset and starting last year that's when people started getting upset and that's when you're starting to see some people um you know get exposed for raising capital in the wrong way what what are the fees that uh you can charge in this fund of fund model what kind of fees because as a cgp there are many different venues right you you can charge the finding fees operations   management fees uh at the end you can also take a part of the profit uh you know yeah so a lot of comes down to how you structure it right like these are these are very complicated Securities regulations that have a lot of layers on top of them because when you get into a fund of funds you're not just dealing with um what people are familiar with 506 C and 506b exemptions which are the 1930s acts you also get into the 1940s acts when you start dealing with fund of funds um and those are uh the invest the   investment advisor Act and the Investment Company act so there are lots of nuances to that and how you can get paid but if you're structured correctly you can get paid the same way so you can get paid an upfront fee you can get paid a um you know an ongoing annual fee percentage and you can get paid a profit split like basically all the same types of fees that you would collect as a cgp you can also collect as a fund manager but again there's a lot of nuances to that okay all right so um for for the new investors right   uh uh when when they start into this passive invest investment world you know uh they are you know they get a little intimidated by seeing all the different uh documents that the operator sends them uh the ppms and all the other legal documents right um and so based on your perspective like you know you're an attorney right so what what are the things that the investor needs to checking these legal documents to make sure there are no red flags or to be cautious of something what what are those things that you would like to   tell to our listeners for sure and it's tough right like these are not short documents I mean you know the the subscription booklet so to speak that includes let's say the subscription agreement the operating agreement and the the PPM it can be minimum 100 Pages it's probably going to be closer to 200 pages in totality and that's in intimidating I mean that's intimidating for myself who is an attorney let alone you know a passive investor that says hey I I thought I was just going to invest passively like this reading a   200-page legal document is not passive to me so you do need to be educated on kind of the things to look for and you know you should read the whole thing unfortunately I you should at least skim it over and the more you do it the more you'll get comfortable with it and the more when you see that see it the next time and the time after that you'll be able to get through it quicker and quicker because they all look you know they all have the the same basic parts but I you know I would say some things   to look for you know first of all make sure that everything matches so let's say the what call the offering memorandum or the pitch deck that the the marketing piece that the operator puts out you know they're going to have their projected returns their fees the proforma they're going to have some other information in there make sure that those numbers match the numbers in the PPM and the PPM is is a Disclosure document so it's a legal document but it's not it's not the final legal document the final document is going to   be the operating agreement so you really want to make sure that the the marketing piece or the pitch deck matches the PPM and the PPM matches what the operating agreement says and ultimately whatever the operating agreement says is what goes so if you take the time to read anything it should be the operating agreement even though that will probably be the hardest um hardest document to read because it will be completely in legal ease but that's the controlling document so if if the pitch deck says   something um and then the op agreement says another thing the operating agreement is what controls um so you know some big things to look out for are are voting rights you know typically as a passive investor you're not going to have a lot of voting rights but there should be some sort of a mechanism to remove the manager in very extreme circumstances so if there's you know some sort of gross negligence or fraud or misrepresentation or you know things like that then there should be a mechanism to um remove the manager and   that's usually done through some sort of a majority vote or super majority vote Plus you know proving that they did commit those actions um again it should be a pretty extreme case but there should be a mechanism there for that um obviously you know make sure that your Fe you know what the fees are going to be you need to know what fees you're paying you need to know um what that waterfall looks like meaning you need to know how you're going to get paid as the passive investor make sure you understand that and make sure it matches   your understanding and if you have questions about it make sure you ask the fund manager or ask the operator um to explain it to you in in um you know in non-legal e language so that you can understand it um and then on top of that you know another important thing that you're seeing nowadays is capital calls make sure you know what the capital call language is so if there's some sort of a a demand for Capital from the operator or from the fund manager what triggers that is it mandatory is it discretionary   um is it up to a vote it could be up to a vote um just make sure you know the mechanism for that and that you're comfortable with it yeah and if uh if your share gets diluted if you don't contribute to the capital call that's right that's right and it's perfectly fine to get diluted if you don't contribute I mean that's typical like if you don't contribute um you should get diluted right but what you need to look out for is if you get deluded Pro uh based on how much you didn't contribute which is fine um it's   typical but you'll see some uh penalty Provisions where you get diluted even more so than than prata and that's where it can be a problem um so just look out for those types of provisions and um in in these documents right the legal documents what if if you take fun of fund model if you take like separate 506b or C right what what are the extra documents in each of these sections that uh uh any any person who wants to start uh raising Capital uh needs to be aware of yeah so if you do a fund of fund you   you just have to think of it like it's your own syndication it's your own fund so you're going to have your own separate set of offering documents or subscription booklet whatever you want to call it so there's going to be two sets and looking at it from the passive investor standpoint if you're the passive investor that's going to be investing in the fun of fund there's going to be two of documents you're going to have to look at you're going to have to look at the fund of fund documents um which is going to have the   PPM the operating agreement and the subscription agreement and then you're also going to have to look at the offering documents for the um for the Target deal that the fun of fund is investing in so there's going to be two set so uh double the work um but you know there there are some benefits to that and obviously if you're investing in a fund of fund then you have a certain level of trust with that particular fund manager which is you know probably why you're investing with them anyways and sometimes you can get a   better deal I mean not all the time but every once in a while you can um so there you know you'll have to review two sets of offering documents but at the end of the day you know it's like I said you'll get better and better at as time goes by as a syndicator uh what what are the different uh assets that you are involved with I know multif family is there anything else that you do syndication for yeah I've done I've done a lot of different things um multif family I've done industrial I've done ret shopping   centers um RV parks um different funds right now um I'm actually doing a California U fund so accessory dwelling units so we're doing those in Riverside County it's a $20 million fund um and we're buying single family houses and turning it into a basically a three or four Plex um and sometimes you split the lot and you end up with six to eight units on that thing and they're incredible um it's it it's really the only thing you can get done here in California um with you know Little Resistance because everybody knows   California is the king of Regulation so but for some reason they think the adus are the the solution for the housing crisis out here so they let these things get permitted pretty quickly and it's an excellent opportunity it may be might be a short window but right now it's it's a fantastic uh fantastic asset right and uh so you only invest in California you're only focused or are you look at the other properties on out of state also oh I look out of state for sure this is actually the first thing   that I've done outside of you know a few single families and condos um in California generally I was I was one of those people that always said hey you can't really invest in California doesn't cash flow it never makees sense um I've actually came around quite a bit to that you know now that I'm I'm a more mature investor and you know you're in you're in New Jersey so you see like you know that big appreciation play as well um I just remember like bigger Pockets used to be they used to preach oh it's   all about cash flow right like you know all cash flow don't don't invest for appreciation but you need to invest for both I mean I think you need to invest for cash flow because you need to cover your bases I mean you don't want a negatively cash flowing asset that's for sure you don't want something that's going to cost you money but when you invest in places like New York and Coastal California and you know Beach areas things like that um City centers over the long run they're going to appreciate and they're going to   appreciate a lot I mean you might have you know more of a up and down um but at the end of the day it's going to be much higher whereas you know when you invest in which I do I invest in the midwest I invest in the South um those places a little bit more um you know subtle and they're going to increase in in price as well and in appreciation but it's just you know it's a lot more slow um and you might get a little bit more cash flow so you know I like to have a good mix but you know if if you're not strapped for   cash um and you're really trying to build long long-term wealth um that appreciation play is is really important absolutely I can't agree with you Mora because it's all about numbers right first of all yeah you don't don't have to have a negative cash as you mentioned uh the other thing is regardless of which state it is like California New Jersey New York uh of course you know there are some landlord friendly States some are not but as long as you know how to navigate those Waters you'll be fine for sure for sure and   then and you know obviously Force appreciation in everything I mean I don't buy anything that doesn't have some some upside from rolling up your sleeves for sure so um now you you are an ATT Securities attorney do you see in in in next few years do you see any uh any changes upcoming changes with regards to real estate indication like there are you know some more uh rules or you know coming in you know I I I don't want to get political but I I do think that politics have a a pretty big influence   on this um you know I I vote for policy um I don't vote for the the uh person I vote for the policy and I'm in business I'm in real estate so I like to vote for people that are going to be favorable for me so you know this recently proposed massive capital gains tax is absolutely insane to me so things like that really tough to tough to judge right but like you know if it let's say it does go towards um the Republican side let's just say that it it's known that there they want less government oversight um including the SEC um   because you've seen the SEC pick up in the last four years um with oversight you've seen it o you know increased um employees with the IRS things like that so that does influence things um especially with the SEC right because we're talking about syndications we're talking about funds it'll make people a little bit more uh trepid to do anything right um if if people if it's more of a free market and you know they're not too worried about the SEC you're going to see more business you're going to see   more funds you're going to see more syndications um you know looming is the capital gains thing that is huge that will that will be massive for the real estate market whichever way that goes now even if it even if it goes towards uh the left it's not to say that those laws are going to pass I mean that's that's going to be a really difficult thing to pass anyway ways but if it does that can that can dramatically influence it um and there are other things that are out of control as well I mean things   like um you know world wars like things like that you can't predict control you cannot predict those things so you really just you can't focus on politics you can't focus on things that are out of control you have to do what what you can do to to make yourself better and to better your business um but you know I I see the the Securities um the Securities industry um you know funds fun to funds raising capital for Real Estate those sorts of things I can only see it going up I mean there even even with some headwinds from   different things from different regulations or different things that are happening around the world um you know just there's a massive there's there there's a massive movement towards it so I think it'll continue to to go up over time okay all right so um before we get to the final round of questions I had one topic that I want to touch based upon you know you being a syndicator if you like to give a listeners a little bit uh overview on the strategies that you use to raise Capital sure sure man   um you know and I actually have a really good perspective working at tribe vest now because we deal with so many different uh Capital raisers and fund managers and Lead sponsors and we're getting to see who raises a lot of capital who doesn't who's able to perform who can't and you know you start to see the people that are successful and the people that are not and you know what we're trends that we're seeing are people that already have an existing Network are usually successful out of the gate right like if you're a doctor a   lawyer an engineer um maybe even a software engineer someone like that that already has a a wealthy Network those people are generally very successful at raising Capital because they have wealthy friends and it's easy for them to raise uh you know half a million bucks a million bucks out of the gate um that's number one but that only lasts for so long I mean number two once you kind of exhaust those resources you really need to focus on um referrals from those people that invested with you and hopefully you did a good job and you   keep your Communications up um which is really important too I should say that keeping those investor Communications are super important and hardly anybody does it you would you've got once they invest with you you got to fall up on regular basis that's right man provide the reports you wouldn't believe it I mean you would think that that that would be one of the easiest things but it's not because everybody has shiny object syndrome and as soon as you close a deal you're moving on to the next one   and you're not worried about those other investors well that's your best source of new investors are your current ones for referrals because if they give you a referral that's that's golden that's your easiest way um and then secondarily you're going to have to figure out a way to get in front of strangers and new investors so whatever that looks like if that looks like um going on other people's podcasts or starting your own podcast or speaking at events or um you know if you're a doctor start going to   conferences and just talking about um you know what you're investing in and what you're doing and the deals you're deals you're doing things like that you you've got to network you've got to get out there and you've got to figure out a way to get in front of of new people and and new potential investors any any specific uh um tools or you know softwares you recommend um you know me personally I I just use active campaign for my CRM um I've seen a bunch of people use different ones um go high level is great   as well because it's all in one so you can create your your emails your funnels CRM your courses if you have one you can manage a mastermind on there you can do it all on there um it doesn't do anything exceptional but it does everything pretty good so that's that's kind of the knock on it but yeah those are the two big ones that that I use same here I'm also good uh I'm I'm also into active campaign oh cool yep yeah yep that's a good tool yeah all right uh so uh Seth loving this conversation you know but uh I also need   to be mindful of your time so I would like to move on to the final round of questions uh is there anything else that you like to tell to a list us before we move to the final questions um I would just say you know I've seen this journey before I know a lot of your in your a lot of your listeners are passive investors and a lot of times when I give a keynote when I'm speaking it's a it's two passive investors so and I talk about the journey from passive investing to raising Capital um because that's kind   of the the natural progression it's like you invest passively for a while then your friends ask you about that deal and oh man where do you find these Investments blah blah blah and you know eventually you're like man maybe I can raise some Capital but you know doing that transition from passive investor to Capital razor um has never been easier right and especially with um you know I'm going to plug tribe here because it's a done for you product so when you have your five wealthy friends or your   10 wealthy friends that want to invest in a deal but you want to figure out how you can actually get paid for it legally triest does all the stuff that I was talking about doing before that's just a pain like getting your CPA getting a Securities attorney doing your offering documents starting a business we do all that for you we onboard your investors we do everything I mean it's it's a white glove service so you that didn't exist a few years ago um so it's it's easier than ever to make that transition   from passive investor to raising capital for somebody like you Ted that's awesome man uh you know it's always good to uh see like you know people simplifying the things less time less money less energy to put in and you get the same kind of returns and uh you know for sure yep uh let's move on to the final round of questions are you ready let's do it all right pretty easy ones okay so all right man I'll take your word for it better not stop me here so uh what are the main source of information main source of information   to learn and grow um you know I listen to a lot of podcasts I I do a lot of audio um if it's and especially like Audible for books and then podcast obviously for shorter content um and then if if I think it's a really good audible book then I'll actually buy the hard copy and and try to read it I won't say that I always get to it because I just don't have time but I like to listen to stuff while I'm working out and running and doing stuff like that um but mainly podcasts to just stay up up to date on   things and you know I've kind of actually gotten away from Real Estate specific podcast and more into like business things like um you know Alex horos and and those types of guys that talk about business generally I think it's a good flavor um to mix it up with awesome uh what is the one book that you'll recommend would had the most impact on your life or on your business yeah I mean you know it's Rich Dad Poor Dad I mean that's for sure I I'll say another one though because I would say everybody probably says that I   mean It Rich Dad Poor Dad definitely had the the most impact I mean it's I think it has that influence on a lot of people when they read that book they're like it's so simple but it just flips the light and it just changes the way that you look at kind of Life generally um but I would say this one it's a little flu flu but Miracle equation by Hal Hal Elrod um who did the miracle morning um this one came after that but it it's great because it's it just the the main line which is unwavering Faith plus   extraordinary effort equals Miracles I mean if you just kind of I use that as a mantra because it's like you know gets tough right like and you've got to be consistent and you've got to do it over and over again and when you're an entrepreneur or you're a business owner or even if you're an investor and you're trying to get out of your W2 you're 9 to5 like you don't know if it's going to have a happy ending so you have to have unwavering faith and if you do have that faith and you do keep putting in the   consistent effort it's going to work out in the end yeah absolutely I have read that book too it's one of my favorite also and all right so what is the one advice that you like to give to at least any business or investment advice yeah um pay for help pay for Speed um you know you can you can sit here and um figure it out yourself you can go to YouTube University you can go to chat GPT um you can listen to all the podcasts and read the books but nothing's going to accelerate your time like getting a coach or a mentor that's   already doing the things that you want to do um and don't be if you can't get them on board for free then pay them to do it um make sure you know what you're doing because a lot of people out there you know call themselves coaches and they're they're not they don't know what they're doing so be careful but if you find a good one don't be afraid to to pay money for that it it just blows my mind that you know people pay 40 50 $60,000 a year for a college education but then for you know a fourth of that   they could get direct Hands-On mentorship from somebody that's already doing exactly what they want to do and people don't want to do it it's you know they don't be afraid to pay for Speed don't be afraid to pay for help yeah just check out in detail what the coach has done for you know what exactly he's doing and what what he has done for different people yeah of course if it fits your yeah all right uh SE uh it was a pleasure talking to you and thanks a lot for all the details and information that   you provided to thanks Ted really appreciate it man oh before that I just missed one part how can decoding cash FL listeners get in touch with you for sure man I usually update my Links at Seth Paul bradley.com you can find all my social media links there and you can find links to tribe vest and and other things that I'm involved in if I'm raising capital for anything in particular but that's that's the best place to find all my links South paa bradley.com awesome man all right thanks a lot for   coming on the show my friend all right Ted appreciate it man thanks all right take it thanks for listening to decoding cash flow brought to you by Aster Capital if you found value in this episode then please share it with someone who you think could benefit from it and make sure to ask on what you've learned if you want Ted Patel to personally help you reach your goals then feel free to set up a one-on-one call with him also visit us at Aster capital.com for more free resources content of this podcast is for   informational purposes only as always please consult your own adviser before making any investment decisions or setting a course of action thanks again for joining us on this episode of decoding cash flow and we'll catch you in the next episode Links from the Show and Guest Info and Links: https://www.youtube.com/watch?v=a4xTU9T6CVA&t=375s https://www.linkedin.com/posts/astre-capital_astrecapital-podcast-finance-activity-7250610044331769857-4KgJ?utm_source=share&utm_medium=member_desktop&rcm=ACoAAFY-6nMBbbX5J6KeuEtIMcA9tcRG4F_1ItE https://www.instagram.com/p/DA_3q-BOWJm/ https://x.com/AstreCapital/status/1844844972295741635 https://fb.watch/zpTx6laLaU/ https://www.linkedin.com/company/astre-capital/ https://www.facebook.com/AstreCapital/ https://x.com/AstreCapital https://www.instagram.com/astrecapital/ Seth Bradley's Links: https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en

David Heacock's transformation from a successful Wall Street career to a game-changing entrepreneur is a story of bold decisions, resilience, and relentless determination. Walking away from a seven-figure finance job, David took a leap of faith to rebuild his family's struggling business—Filterbuy.  With zero experience in manufacturing, he faced incredible challenges, yet turned what began as a small factory in Alabama into a $250M industry leader.  Today, Filterbuy disrupts the indoor air quality sector, producing millions of high-quality air filters and expanding into HVAC services, air purification, and automotive filtration, while creating nearly 1,000 U.S. jobs and serving over 7 million customers. David's journey has been anything but easy—he's overcome burned-down factories, near-fatal accidents, and countless setbacks along the way. Yet, through his grit and determination, he's scaled his business without investors or shortcuts. His success story is a testament to what can be achieved when an entrepreneur is willing to face adversity head-on.Now, David is sharing the raw, unfiltered lessons he's learned from building a business from the ground up, inspiring others to take that same leap into entrepreneurship, no matter how daunting it seems.

Who was Nikola Tesla, the famous engineer and futurist? Today, we explore the fascinating life of renowned inventor Nikola Tesla. We'll discuss his beginnings brainstorming AC (alternating current), his struggles with gambling addiction, Tesla Electric Light & Manufacturing Company, and even the connection between Donald Trump's uncle and Tesla's life. WELCOME TO History CAMP!

X: @americasrt1776 @ileaderssummit @NatashaSrdoc @JoelAnandUSA @supertalk Join America's Roundtable (https://americasrt.com/) radio co-hosts Natasha Srdoc and Joel Anand Samy with Bill Yeargin, President/CEO of Correct Craft, an iconic and innovative American boat manufacturing company based in Orlando, Florida. The conversation is focused on America's exceptionalism and the nation's unique entrepreneurial spirit which fuels economic opportunities, economic growth and spurs private philanthropy and volunteerism. Natasha Srdoc, Joel Anand Samy and Bill Yeargin take time to reflect on the 80th anniversary of the end of World War II in Europe, and how Americans sacrificed much to defend freedom and liberate millions around the world from tyranny. The American "just" intervention saved millions of people and ended the extermination of Jews by Adolf Hitler's Nazi Germany. The timely broadcast also highlights how Correct Craft and its leadership heeded the call from General Eisenhower during a critical moment during World War II and stepped forward to build more than 400 boats in some 19 days. The record-breaking time to build these Storm Boats was done under the leadership's commitment to keeping the Sabbath. This incredible story led the National Geographic to call it a "Miracle Production." Correct Craft's Storm Boats saved the lives of 15,000 American soldiers and hastened the end of World War II in Europe. The Storm Boats were vital for the U.S. military in crossing the River Rhine, the last major natural barrier in Germany as the troops were heading to Berlin. This year, Correct Craft celebrates its 100th anniversary and plans to bring a replica of the Storm Boat used in World War II to Washington, DC. This celebration symbolizes the significant role of an American company, heeding the call to advance freedom, and how its leaders over the course of the past century fueled economic growth for the nation. The discussion highlights how Bill Yeargin and the leadership at Correct Craft navigated through major challenges and took the company from $40 million in sales in 2009 to over $1 billion today. Bill Yeargin is the author of six best-selling books including “Making Life Better,” “Education of a CEO” and the most recent “Faith Leap.” Visit: Amazon (https://www.amazon.com/stores/Bill-Yeargin/author/B08QTP52ZT?ref=ap_rdr&isDramIntegrated=true&shoppingPortalEnabled=true&ccs_id=37583848-78bd-4875-8ea2-c413c16567b4) americasrt.com (https://americasrt.com/) https://summitleadersusa.com/ | https://jerusalemleaderssummit.com/ America's Roundtable on Apple Podcasts: https://podcasts.apple.com/us/podcast/americas-roundtable/id1518878472 X: @americasrt1776 @ileaderssummit @NatashaSrdoc @JoelAnandUSA @supertalk America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit. America's Roundtable (https://americasrt.com/) radio program - a strategic initiative of International Leaders Summit, focuses on America's economy, healthcare reform, rule of law, security and trade, and its strategic partnership with rule of law nations around the world. The radio program features high-ranking US administration officials, cabinet members, members of Congress, state government officials, distinguished diplomats, business and media leaders and influential thinkers from around the world. Tune into America's Roundtable Radio program from Washington, DC via live streaming on Saturday mornings via 68 radio stations at 7:30 A.M. (ET) on Lanser Broadcasting Corporation covering the Michigan and the Midwest market, and at 7:30 A.M. (CT) on SuperTalk Mississippi — SuperTalk.FM reaching listeners in every county within the State of Mississippi, and neighboring states in the South including Alabama, Arkansas, Louisiana and Tennessee. Tune into WTON in Central Virginia on Sunday mornings at 6:00 A.M. (ET). Listen to America's Roundtable on digital platforms including Apple Podcasts, Spotify, Amazon, Google and other key online platforms. Listen live, Saturdays at 7:30 A.M. (CT) on SuperTalk | https://www.supertalk.fm

Jon makes a Belichick-related prediction. David is humbled by the world's dumbest PAC. Support us on Patreon http://bit.ly/Ipatreon Send questions and comments to contact@electionprofitmakers.com Watch David's show DICKTOWN on Hulu http://bit.ly/dicktown Follow Jon on Bluesky http://bit.ly/bIuesky

My guest on the show today is Brian Kitchen, President & CEO, Ryan Kavalauskas CFO of Ascent Industries Co. (NASDAQ: ACNT). Ascent Industries Co. is a company that engages in a number of diverse business activities including the production of specialty chemicals and industrial tubular products. Ascent will be joining us in Las Vegas, and I invited the team on to learn more about: History of Ascent Industries Brian and Ryan's background and why they decided to join Ascent; and, Their experience turning around specialty chemicals businesses Path to profitability while still focused on growth, and 3-5 year vision for the company For more information about Ascent Industries, please visit: https://ascentco.com/ This podcast was recorded and is being made available by SNN, Inc. (together with its affiliates and its and their employees, “SNN”) solely for informational purposes. SNN is not providing or undertaking to provide any financial, economic, legal, accounting, tax, or other advice in or by virtue of this podcast. The information, statements, comments, views, and opinions provided in this podcast are general in nature, and such information, statements, comments, views, and opinions, and the viewing of/listening to this podcast are not intended to be and should not be construed as the provision of investment advice by SNN. The information, statements, comments, views, and opinions expressed in this podcast do not constitute and should not be construed as an offer to buy or sell any securities or to make or consider any investment or other course of action. The information, statements, comments, views, and opinions expressed in this podcast (including by guest speakers who are not officers, employees, or agents of SNN) are not necessarily those of SNN and may not be current. Reference to any specific third-party entity, product, service, materials, or content does not constitute an endorsement or recommendation by the SNN. SNN assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this podcast or the compliance with applicable laws of such materials and/or links referenced herein. The views expressed by guest speakers are their own and their appearance on this podcast does not imply an endorsement of them or any entity they represent. SNN does not make any representation or warranty as to the accuracy or completeness of any of the information, statements, comments, views, or opinions contained in this podcast, which may include forward-looking statements where actual results may differ materially. SNN does not undertake any obligation whatsoever to provide any form of update, amendment, change, or correction to any of the information, statements, comments, views or opinions set forth in this podcast. SNN EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. By accessing this podcast, the listener acknowledges that the entire contents and design of this podcast, are the property of SNN, or used by SNN with permission, and are protected under U.S. and international copyright and trademark laws. Except as otherwise provided herein, users of this podcast may save and use information contained in the podcast only for personal or other non-commercial educational purposes. No other use, including without limitation, reproduction, retransmission, or editing of this podcast may be made without the prior written consent of SNN.

0:00- How invested is Fletcher to this team?3:26 - A Super Bowl rematch with the Chiefs5:31 - How has Nolan Smith Jr. developed to become the player is?7:18 - Is there a more dominant player in the league than Jalen Carter: NO10:22 - Does Fletcher wish he could play under Vic Fangio?11:30 - Fletcher definitely will be down Broad Street if the Eagles win12:52 - His moment with Zach Ertz after the NFC Championship15:38 - Appreciation for O-line16:28 - Promoting safe fire arm safety with Colt's Manufacturing Company and their Safety Impact Award ***18:21 - Fletchers prediction for the Super Bowl*** VOTE FOR FLETCHER COX FOR THE SAFETY IMPACT AWARD HERE: https://safetyimpactaward.com/ NBC Sports Philadelphia serves Philly sports fans 24/7 with the latest news on the Eagles, Sixers, Phillies and Flyers. Watch live games and insightful analysis from our experts on NBC Sports Philadelphia. Subscribe to our channel for the latest Philly sports news and highlights! » Visit NBC Sports Philadelphia: https://www.nbcsportsphiladelphia.com/ » Facebook: / nbcsphilly » Twitter: / nbcsphilly » Instagram: / nbcsphilly

Jonathan Schwartz discusses how to analyze a manufacturing company. Jonathan's background includes working in operations improvement, starting with manufacturing and then transitioning to banking and non-manufacturing roles. He has worked with private equity firms and has been a lean champion at a private equity firm. Sales and Operations Planning Process One of the first types of analysis Jonathan talks about is the sales and operations planning process (SOP), which involves integrating what is being told to the sales team with what is being produced. This alignment and match is based on the equipment and production capabilities of the company. The main idea is to align what is going to make the plant the most money with how it is incentivizing the sales team.The main idea is to align what is being sold with what is being produced, and to charge more based on the value added services provided by the company. This aligns with the company's goals and equipment to make the most money. Production Scheduling Process Jonathan explains that the production scheduling process in a company can be complex, with different tools used for larger plants and more complex situations. For example, a simple company might schedule production in batches, depending on the flexibility of their equipment and the economic batch size. This helps avoid having a large amount of inventory sitting in inventory when orders are placed for other parts. In some cases, private label products may not be suitable for production, while others may require make to stock or make to order processes. Delays in customization can affect the capacity to build up inventory. To assess the quality of a factory's production scheduling, it is important to consider the number of changes in the schedule over time and overall on-time delivery. An assessment of inventory levels can help identify bottlenecks, quality problems, equipment downtime, or matching schedules from pre-production stops to middle production steps. Visualizing the inventory levels and identifying visible metrics or schedules can help identify areas for improvement. Jonathan shares a couple of war stories as examples. New Process Implementation and Change Management The conversation turns to implementing a new process. Change management should be done promptly, rather than a week or two weeks ahead of time. Employees become a fountain of ideas and improvements, which can lead to quick changes in morale and overall productivity. In manufacturing, change management involves not planning ahead but presenting the new process to the entire team when they come in. This approach allows employees to learn from their mistakes and improve their skills, ultimately leading to better results and increased morale. Jonathan states that a clear production schedule is crucial for ensuring everyone knows what's up next for their line and is prepared for any changes. By implementing a two-bin system and addressing stockouts, organizations can improve on time, delivery numbers, and predictability. He suggests that steady usage can help determine the appropriate amount of inventory to hold, while unpredictable demand can lead to overstocking. He explains how to avoid stock outs and also emphasizes the importance of supplier quality evaluation, which involves ensuring parts are qualified for new products before they are released to production.  Jonathan shares an example from a Motorola plant in Atlanta. Supplier Quality Management Jonathan discusses the importance of supplier quality management in a manufacturing plant. He emphasizes the need for a sophisticated system to identify and address problems in parts and suppliers. This system involves intake department workers, who need to know whether a part goes into income inspection or goes straight to stock. Inspectors need to be trained to identify and address issues, as it is costly to inspect 100% of everything. When assessing a manufacturing plant's supplier quality management program, Jonathan talks about the metrics in place and how they are used. These metrics include the percentage of bad parts and good parts when present. He stresses that the system should be communication-intensive, with production line personnel communicating with program managers when a part is bad or a whole set of parts is bad. Incoming receiving clerks should know what parts are in the batch and the supplier, and which ones need to be flagged for inspection. Inspectors should track the issues and communicate them back to the supplier. Efficiency in Manufacturing ERP Systems Jonathan explains that this involves implementing Kanban and minimizing touches on work in progress inventory. The conversation turns to the plant layout, including the dock, incoming warehouse, and presentation of parts to the line. Jonathan explains that traditional cost accounting practices can lead to mismeasurements, as the plant manager was measured on absorption, which is the amount of overhead he could absorb based on their cost per unit. This led to a lack of inventory quality and a lack of time, delivery, and productivity. He mentions that traditional measures may not be relevant to the factory floor, as they may not be relevant to the workers. Lean Improvements in a Production Line Jonathan shares an example of implementing lean improvements in a production line with 180 employees. He emphasizes the importance of minimizing the whip, ensuring that people only work as much as possible, and minimizing the process of rework when a problem arises. This approach improved quality and throughput, as it reduced the number of reworked items and improved throughput. He also highlights the importance of using fixtures that ensured that tasks were done correctly, even if it took more time. This approach also improved visibility and communication throughout the line. By minimizing the whip, rebalancing the line, and ensuring that tasks were done correctly, the company achieved significant improvements in quality and output metrics. Timestamps: 02:23: Overview of Production Scheduling and Sales and Operations Planning  04:47: Complexities of Production Scheduling  07:32: Assessing Production Scheduling Effectiveness  12:44: Implementing Lean Improvements and Supplier Quality Management  12:59: Evaluating Supplier Quality Management Programs  27:05: Material Handling and Internal Logistics Efficiency  33:27: Celebrating Victories and Improving Morale  Links: Resource: https://umbrex.com/resources/how-to-analyze-a-manufacturing-company/ LinkedIn: https://linkedin.com/in/jonathandschwartz Email: jonathan@gmail.com Unleashed is produced by Umbrex, which has a mission of connecting independent management consultants with one another, creating opportunities for members to meet, build relationships, and share lessons learned. Learn more at www.umbrex.com.

Josh Bolin, Associate Executive Director of Government Affairs and Innovation at the National Association of Boards of Pharmacy joins Crystal Ordeson on the PM Drive show.  Josh will share his perspectives on how this platform addresses Africa's unique pharmaceutical challenges and the potential for this tech-driven solution to establish a reliable and resilient pharmaceutical supply chain in Africa.See omnystudio.com/listener for privacy information.

Matt Sobieski discusses the process of helping a manufacturing plant improve its performance by understanding the problem statement and 47 different analyzes. He suggests talking to the plant manager or head of operations to understand the biggest challenges, cost buckets, operational constraints, and capacity constraints. Diving into One of 47 Analyzes Matt explains more about the 47 analyzes, one of which is the cost of goods sold, breakdown, and margin analysis, which helps in understanding the cost structure of the plant. This includes examining production, backlogs, inventory levels, and other factors. In the case of an agricultural manufacturing company during the pandemic, the focus was on streamlining their ordering process to increase productivity. Matt also discusses the importance of understanding the big cost buckets, such as labor, materials, waste, and inventory management. He shares a case where a client had issues with their cost per unit, where they could not get their arms around their cost per unit. The data provided by the client was not high-quality, and it was difficult to differentiate between different lines. Matt shares a few ways to address this issue.  Dealing with an Inflationary Environment In the current inflationary environment in the US, costs have been increasing, particularly labor costs. Consultants can help plants by asking questions and providing a fresh perspective to understand why material costs and overtime costs are high. This can lead to better scheduling and equipment utilization, which can help reduce costs and improve productivity. One example of this is an agricultural manufacturing plant where the plant manager was unaware of the importance of morning production meetings. By asking open-ended questions and being curious about how things run, consultants can identify areas for improvement. Overall Equipment Effectiveness Operations professionals should always have a plan for the day and recover from deviations when necessary. Asking open-ended questions and understanding the fundamentals of operations can help identify areas for improvement. One analysis that consultants like to use is the overall equipment effectiveness (OEE), which is a measure of overall equipment effectiveness. OEE is calculated by comparing the performance of different pieces of equipment and identifying areas for improvement.  Matt goes on to explain how the analysis of OEE is defined and quality calculated. He stresses that it is crucial to calculate the correct OEE and quality first time, as not all units are produced correctly. It is important to ensure that the correct approach is taken when analyzing OEE data. Identifying Waste in Manufacturing Plants Matt discusses the concept of identifying waste in manufacturing plants, including the classic seven or eight types of waste. They highlight the importance of removing waste to improve efficiency and productivity. One such type is intellect, which involves people using their brain power inefficiently. To identify waste, they suggest using GEMBA (Go where the work is happening) to observe people and their actions. One example is an automotive plant that had a production cell with two operators, causing a lot of motion. To address this, they moved parts from one end of the line to the middle, reorganizing the path for forklift drivers. This resulted in faster unloading times for parts coming in and out of the area. Matt emphasizes the impact of simple things like moving parts to central locations and reducing the time spent on unloading parts and shares an example that helped eliminate waste and improve efficiency and productivity. The Importance of Fresh Perspectives when Addressing Issues in Supply Chains Matt shares an example of a company that had to print labels for products and then wait for them to be printed. To address this, they developed a Kanban system where labels were printed ahead of time for all SKUs, eliminating the need for waiting for labels. This solution was cost-effective and efficient, as it saved labor costs. He also discusses the importance of managing risk in supply chains, particularly during the pandemic. He highlights the importance of understanding the risk associated with individual suppliers, which can help in making informed decisions about ordering buffer stock, onboarding another supplier, or building capability in-house. Matt explains the importance of eliminating single sources of failure in manufacturing. He cites examples of poor performing plants and underinvestment in automation and offers suggestions on factors that need to be analyzed and used to understand what drives failures. Asset Management Analyzes The discussion moves on to asset management analyzes, such as make versus buy, capex, effectiveness, equipment and technology, and life cycle management, which are crucial for businesses to understand their costs and make the right capital investments. Capex is important in determining the cost of repairing a machine versus replacing it, especially in a constrained environment like manufacturing. Assessment utilization is also important, as it helps businesses optimize their equipment usage and preventive maintenance. For example, an aluminum manufacturing plant faced a bottleneck in its cold mill, which was fixed by running longer strands of the same material. This allowed the plant to maintain a lower OEE while maximizing asset utilization. About Matt Sobiesky As an independent consultant at McKinsey, Matt focuses on operations and capability building. He has experience working with clients struggling with cost reduction, capacity increase, or growth readiness. He has worked with a colleague who is known for his expertise in Lean methodology and has a network of manufacturing professionals eager to help them solve their biggest problems. Matt's passion for operations stems from his background in operations and his passion for helping clients improve their operations. He has worked with clients who are aspirational and want to be the best of the best, and he is eager to help them achieve their goals. Timestamps: 02:00: Understanding Cost Structures and Early Analysis 05:25: Challenges in Cost Bucket Analysis 07:05: Insights from Cost Bucket Analysis  10:06: Overall Equipment Effectiveness (OEE) Analysis 16:35: Identifying and Eliminating Waste  18:55: Supply Chain and Procurement Analyzes  25:34: Technology and Automation in Manufacturing  29:08: Asset Management and Capex Effectiveness  33:12: Matt Sobieski's Current Practice and Contact Information    Links: LinkedIn: https://www.linkedin.com/in/matthewsobieski/  https://umbrex.com/resources/how-to-analyze-a-manufacturing-company/ Unleashed is produced by Umbrex, which has a mission of connecting independent management consultants with one another, creating opportunities for members to meet, build relationships, and share lessons learned. Learn more at www.umbrex.com.

In this podcast episode, Harold King, President of the Council of Industry, sits down with Gordon Burdis, President of James L. Taylor Manufacturing Company.Founded in Poughkeepsie in 1911, James L. Taylor Manufacturing has been a staple in industrial assembly and clamping equipment for the woodworking industry. Gordon delves into the company's impressive history, from its beginnings with hand clamps to its evolution into producing fully automated machinery. Gordon provides insights into the company's workforce, which includes 45 employees engaged in various roles from manufacturing to global sales. He describes how their industrial equipment, such as clamp carriers and lumber optimization machines, has adapted over the decades, emphasizing the company's commitment to innovation and quality control. Listeners will also learn about the company's vertical integration approach, which allows them to maintain high standards of manufacturing and customer service. Gordon explains the role of their engineering team and the importance of having skilled engineers involved in both machine design and programming. The discussion also touches on the company's recent acquisition of a Portland-based machinery manufacturer, which will enhance their product offerings and expand their market reach. Gordon's journey from factory worker to company president is highlighted, including his experiences abroad and how they influenced his leadership style. Tune in to discover how James L. Taylor Manufacturing continues to evolve and thrive in a competitive industry.For more information about James L. Taylor Manufacturing Company, check out their website at www.jamesltaylor.com.--The Council of Industry has been the manufacturer's association of the Hudson Valley since 1910. We are a privately funded not-for-profit organization, whose mission is to promote the success of our member firms and their employees, and through them contribute to the success of the Hudson Valley Community. For more information about the Council of Industry visit our website at councilofindustry.org.

Affordable cloud-based MRP software is revolutionizing the manufacturing industry by enabling growing manufacturers to streamline their production processes, reduce costs, and increase overall productivity. But how do you know if your company is ready to embrace MRP software? Here are some unmistakable warning signs that indicate it's time to make the move. You can learn more about it from this episode or read about it on our blog More information about MRPeasy software at our website mrpeasy.com

Did you know nearly every business in North America is using a 100+ year old, outdated energy system …every time you walk-in, open up, or flip on a light switch??   This show is brought to you by SmartCookie Media where we provide end-to-end podcast production and VIP Day marketing services. Book a complimentary content session and ask for our free podcast checklist here.   While assessing liabilities for U.S. oil and gas companies in Iraq during the Gulf War, Gareth and his team faced nightly mortar attacks. And when a recording was found from an attacker who just wanted to be with his family, it made Gareth realize that "energy is the lifeblood of everything and without it, our lives, business, and economy suffer." Today, Gareth is the co-founder of VECKTA. They help businesses discover the optimal mix of onsite energy and grid power to lower energy costs while also implementing a more reliable power source. And even reduce your company's emissions. Their platform can hep you access capital, services, and the equipment you need to finance and deploy onsite power.     Wish someone could look at your business & tell you how to fix it? Mechanics do a tune-up... Doctors give a check-up...Doesn't your business deserve a fix-up? Well, this Sales Fix is for you!     Get Weekly Tools to Build Your Business (for free!): The Entrepreneur's Toolkit Connect with Nicole: Nicole Schmied Linkedin; @Nicole Schmied Get Your Data-Driven Marketing Strategy: SmartCookie Media FREE: Content Strategy Session Visit: VECKTA Gareth's Podcast: Renewable Rides Connect with Gareth: LinkedIn Have a story to tell? Signup here: www.serialentrepreneurshow.com  

Our guest on today's show, Howard Sheldon, grew up working in his family's third generation precision turning company. He planned to eventually take over the business from his father, but unfortunately succession didn't happen the way he had hoped. Howard left his family company in his mid-30s, and 10 years ago started his own Swiss [...] The post Leaving your Father's Manufacturing Company and then Founding Your Own, with Howard Sheldon-EP 214 first appeared on Today's Machining World.

Manufacturers are feeling the pinch when it comes to rising energy costs. Commercial service Recession Resister has an energy efficiency program you can adopt to overcome these cost and consumption challenges. Try it for free right now, at https://recessionresister.com Recession Resister City: Portland Address: 11923 NE Sumner St Website: https://recessionresister.com Email: support@recessionresister.com

In this episode, Heather and Channon meet with Dominique, a successful business owner who migrated from Trinidad. Dominique shares her inspiring journey into entrepreneurship, navigating the challenges of building successful businesses alongside her husband Kenny. From the unique niche of industrial rope access to designing and manufacturing suspended maintenance equipment, Dominique's humility and openness about learning on the go make for a relatable and motivating story. The episode explores the dynamics of working with a spouse, highlighting the balance between personal and professional life. Dominique's enthusiasm and dedication to continual growth offer a powerful message for aspiring entrepreneurs, emphasizing the importance of adaptability and resilience in the face of challenges. Key Takeaways: [15:20 - 17:55] - Understanding Similarities in Relationships [16:29 - 17:50] - Balancing Roles and Responsibilities [18:00 - 19:58] - Cultural Influences and Striving for More [23:21 - 23:34] - Entrepreneurial Inspiration [25:21 - 26:17] - Diversification Amid Challenges [27:30 - 27:33] - Continuous Learning and Humility Join Heather's Women's Masterminds: https://woman.heatherblankenship.com/ Heather's Instagram: https://www.instagram.com/heatherblankenshipx3 Heather's LinkedIn: https://www.linkedin.com/in/heather-blankenship-271908140/ Channon's Instagram: https://www.instagram.com/channonrose Channon's YouTube: https://www.youtube.com/user/ChannonRose1 Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast... Listen on Spotify: https://open.spotify.com/show/4EtqDw4... Listen, rate, and subscribe!

In episode 86, Kirby Best, the CEO & President of the innovative on-demand factory Bespoke Manufacturing Company, talks about what on-demand production is and what it means for the future of fashion. Learn the pros and cons of an on-demand model and how to know if it is a good fit for your fashion business. Kirby is currently the President & CEO of BMC.Fashion, iCreate.Fashion, and 3100 West. His main focus is on creating value to the customer through "on-demand" and fully customizable products using the finest technical material possible. He is the past President & CEO of Lightning Source Inc. the world's largest digital print-on-demand book manufacturer, and a division of Ingram Industries. Kirby was the founder and CEO of Royal Book Manufacturing - a company that optimized the book manufacturing process for speed, efficiency, and cost. Kirby has served on several Boards including the BMI (Book Manufacturers Institute). He has written articles for trade journals, published several books and spoken at industry shows worldwide on the future trends in the manufacturing and information analysis industries. Prior to his business career he represented Canada in many World Championships. He was the driver of Canada 1 - the four man bobsled and skied on the biathlon, speed and freestyle skiing teams for Canada. Mountain Biking, Road Biking, Soaring and Polo are his top four sports today. He has four sons - all of which enjoy challenging him at everything! In this episode, you'll learn: What on-demand production is and how it is different from the traditional production model The benefits and downsides of on-demand production What an on-demand production model can look like as a brand grows and scales The type of products that are the best fit for BMC's Phoenix plant How the role of a designer might shift with widespread adoption of an on-demand production model The costs of on-demand manufacturing versus traditional bulk production The high-tech systems that BMC uses and the human roles that technology cannot replace The lessons they learned from their first factory that have improved BMC's Phoenix plant The best way to prepare to work with BMC Kirby's outlook on the future of the fashion industry People and resources mentioned in this episode: Bespoke Manufacturing Company Bespoke Manufacturing Company Instagram 3100 West Redefining Fashion: A Sustainable Future BMC video The True Cost documentary Do you want fashion business tips and resources like this sent straight to your inbox? Sign up to the How Fitting newsletter to receive daily content on creating fashion that fits your customer, lifestyle, and values.

ProCFO Partners believes that every company deserves the expertise of a seasoned CFO. In fact, our expert CFOs become integral members of your leadership team, bringing years of experience, the experiences of having worked in multiple industries, and often having held multiple executive seats. So when we say every company deserves an expert CFO, that has to mean more than, as long as they can afford it. We're thrilled to share our new grant program, where we'll work with companies to deliver ProCFO Partners services through a special $50,000 opportunity. For this opportunity we're selecting a company in the manufacturing sector in the Chicagoland area, and we can't wait to get started. In this episode we talk about the grant, why we think it's important, why we're starting with manufacturing, and discussing the right kind of organization to apply. Featuring Haleh FardiCreate The Next is delivered to you from ProCFO Partners. Every week, we explore strategies and ideas for financial management and growth to help today's businesses put their financial picture in context. ProCFO Partners are expert financial officers networked across industries, verticals, specializations and situations. Fulfilling the role of a part-time CFO with all-time commitment, ProCFO Partners utilizes the innovative and exclusive FGC Financial Flywheel as a framework that creates momentum to drive your financial functions for sustainable success. Visit procfopartners.com to explore how we can implement a systematic and scalable financial system to help you achieve your goal.

My guest on today's show is Damon Pistulka, founder of Exit Your Way, a firm that helps businesses sell their companies. What's unique about Exit Your Way is that before it tries to sell a business, it helps the business's owner increase their company's value, often working with clients for three to five years. Then [...] The post Making Your Manufacturing Company Salable, With Damon Pistulka-EP 204 first appeared on Today's Machining World.

What can a former Navy SEAL teach us about upskilling and manufacturing business acquisition? It turns out, a whole lot! Bill Berrien, CEO of Pindel Global Precision, joins episode 160 of Manufacturing Happy Hour, to share his thoughts on upskilling your team and his journey from the Navy to manufacturing business leader. We hear why he chose to acquire Pindel and how he was lucky enough for the seller to stay on board to help ease the leadership transition. We explore the importance of upskilling your team and why Pindel's philosophy is to “hire for attitude, train for skill,” – as well as a great example of how someone moved from the janitorial department to work with CNC equipment. Bill shares his take on why upskilling is so important in manufacturing and what he thinks the industry should do moving forward to train the future of talent. In this episode, find out: What Bill believes about upskilling in manufacturing Bill explores his time as a Navy SEAL The challenges of acquiring a company What made him choose to acquire Pindel How Pindel's seller stayed on board to ease the transition Bill's business aha moments What to consider before buying a business What upskilling looks like at Pindel Bill's thoughts on the future of upskilling in manufacturing Advice for manufacturing leaders Enjoying the show? Please leave us a review here. Even one sentence helps. It's feedback from Manufacturing All-Stars like you that keeps us going! Tweetable Quotes: “Our adage to the team is more value created, more value captured. So, if you allow the company to augment the value you can create by training you, that is going to lead to more value captured in the form of wages, bonuses, etc.” “Once you figure out what you're going to focus on, that allows you to put all your chips on the table in that direction.” “The two challenges when you have that ambition to acquire a company is number one, acquiring the skills to be able to do it well. And then number two is acquiring the capital to be able to make it happen. You can't just jump from simply having that ambition to the end state.” Links & mentions: Pindel Global Precision, an innovative manufacturing company that values innovation, integrity, and continuous improvement in every aspect of their operations PMPA, the Precision Machined Products Association strives to progressively lead members to sustainable success with reliable and relevant information, resources, advocacy, and networking opportunities Otter.ai uses AI to write automatic meeting notes with real-time transcription, recorded audio, automated slide capture, and automated meeting summaries Buckley's, a neighborhood fixture for refined American comfort food, located in Downtown Milwaukee Make sure to visit http://manufacturinghappyhour.com for detailed show notes and a full list of resources mentioned in this episode. Stay Innovative, Stay...

Shree Ramkrishna Exports Pvt. Ltd. (SRK) is one of the largest diamond manufacturers in the world. The diamond industry as a whole has been very difficult to decarbonize, and more broadly, the manufacturing sector is extremely challenging to decarbonize. Manufacturers have to make sure they are calculating their emissions at every step of the way from the supply chain, to business practices and the actual manufacturing facilities. As a purpose-driven company that focuses on sustainability, SRK has been a leader in decarbonizing their manufacturing facilities. SRK achieved LEED Platinum for their two manufacturing facilities in Surat, India - SRK House and SRK Empire - and these facilities remain one of the highest performing LEED buildings in the world. Recently, they committed to achieving net zero for these two facilities and are on track to meet this achievement by 2024. This session will go through how to begin and assess your building's performance and how to put in place a successful roadmap to reach net zero, as well as cover the challenges. This session will go through the challenges and roadblocks to decarbonize manufacturing buildings, how you set a plan in place and establish a roadmap to get to net zero, and also offer best practices. SRK has teamed up with leadership collective The Global Network for Zero to further accelerate the company's net zero targets

Sofeast's CEO Renaud welcomes China business expert Angel Ho, CEO of Hongda Business Services in Shenzhen, onto the show to talk about what the business environment for foreigners seeking to do business there today is really like, and about the process of setting up a manufacturing facility in China for foreigners and all of the legal and administrative points you'll need to take care of. They also both share some of the key mistakes that foreign businesses make when setting up their factory.   Show Sections 00:00 - Greetings. 01:06 - Angel and Hongda introduction. 02:21 - What's the general business environment in China after 'Zero-Covid' really like for foreign businesses? 07:40 - The Chinese economy is less vibrant than before now. What is the government doing to encourage foreign investment? 11:55 - How easy is it to hire foreigners in China today? 16:41 - If a Western company wants to start their own manufacturing company in China, what's the process? 21:30 - Selecting the right area and government support for manufacturers. 25:55 - 7 Common mistakes foreign businesses make when setting up a manufacturing facility in China. 35:39 - Wrapping up.   Related content... Check out Hongda Business Services here and see what kinds of help they can offer you if you're doing business in China now or soon will be How We Set Up A New Factory In China From Idea To Operation [Podcast] Want To Prevent Assembly Problems? Use This Checklist.   Get in touch with us Connect with us on LinkedIn Send us a tweet @sofeast Prefer Facebook? Check us out on FB Contact us via Sofeast's contact page Subscribe to our YouTube channel   Subscribe to the podcast  There are more episodes to come, so remember to subscribe! You can do so in your favorite podcast apps here and don't forget to give us a 5-star rating, please: Apple Podcasts Spotify Google Podcasts TuneIn Amazon Podcasts Deezer iHeartRADIO PlayerFM Listen Notes Podcast Addict Podchaser

Dearborn Denim founder, Rob McMillan is a thoughtful guy with some grand ambitions. He's working on building a big apparel company that ethically manufactures premium products at an affordable price, right in Chicago. Impossible you say? This past Monday, Jonathan Ellsworth met up with Rob at Dearborn Denim's factory in Chicago to tour the factory with him, then record this conversation where he lays out the blueprint.TOPICS & TIMES:Why Rob started Dearborn Denim (2:47)Profitability vs Mission/Ethics (7:25)Why Chicago for Apparel Manufacturing? (13:38)Misconceptions about US Manufacturing (18:46)‘Made in the USA' Debate & Shopping Local (22:11)Cost (28:33)Solving for Fit & Advertising Challenges (33:39)Premium -- but Affordable?? -- Products (38:03)Growth & Scale (41:11)Materials & Fabrics: What Should We Know? (49:46)New Products & Contract Work (56:08)RELATED LINKSBlister Craft CollectiveBecome a BLISTER+ MemberSEE OUR OTHER PODCASTS:Bikes & Big IdeasOff The CouchGEAR:30Blister PodcastHappy Hour Hosted on Acast. See acast.com/privacy for more information.

Exciting opportunity for small to medium business owners employing 5-30 team members. Are you ready to learn, grow, and invest in your ongoing development? Don't miss out on our latest podcast featuring a special guest who shares invaluable insights for business success. In this episode, Troy asked Chad Price, Founder of Kettlebell Kings based in Austin, Texas, United States, the final five questions: Chad Price underscores the challenge of not knowing what you don't know when embarking on the entrepreneurial journey. His advice? Gain hands-on experience by working for a small business before starting your own. Learning from another's journey can prevent costly mistakes and accelerate your growth. Chad's unique approach centers around embracing fundamental concepts of competition and strategy. Rather than a single book, he recommends immersing yourself in resources that prepare you for the competitive minefield of modern business. Chad's go-to tool for continuous learning is YouTube! The abundance of business-focused content, TED talks, and podcasts provide a wealth of knowledge. He emphasizes tailored learning through tools like Google Alerts, ensuring you stay informed and strategic in your growth journey. Guess what? It's Google! Chad urges entrepreneurs to utilize the power of search engines to find expert insights, debunk myths, and optimize processes. Why reinvent the wheel when valuable solutions are just a search away? Finally, Chad's message is poignant: Brace for an adventurous journey. Business success isn't a walk in the park; it's an ever-evolving voyage. Surround yourself with a support network, including mentors, family, and friends. They'll be your pillars through the highs and lows. Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights!  Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey.

Which kind of company would have a higher beta, a technology company or a manufacturing company?Contact: investmentbankinginsights@gmail.com

Ep 86. Building The Best: How MAC Products is Revolutionizing the Welding Industry  In this episode of The Family Biz Show, CEO of Mac Products Eddie Russnow joins us and talks about the challenges his company has faced, including taking gambles on new products and solutions, and how they have become known for providing solutions to customers' pain points. Eddie also covers the transition of leadership within the family business, how he prepared heirs for the assets they will inherit, and the importance of company culture. Lastly, he shares his top priorities for the next 12 months, which include integrating a new acquisition and implementing a culture-wise program.  OUR GUEST  EDDIE RUSSNOW*  After graduating from The George Washington University in 1988 with a degree in International Finance, my first job was in a commercial lending training program at a regional bank. I expected my career path to take me to Wall Street and Investment Banking. I never imagined I would end up with a career in Manufacturing. I have been with MAC Products since 1990 and have never looked back. The company has been in business for over 50 years. We are a family-owned company with three generations of our family in the office. My father-in-law started the business; then I came on board and two years ago my son joined. My business background, hands-on experience in the plant, and working alongside our customers have served me well throughout my career and ultimately enabled me to build a company that now serves most utilities and mass transit companies in the United States and Canada. My experience has taught me that the essential component of a business is building a team of people who make things happen. Without our employees, we would not be able to serve our customers. I believe in lifetime learning and have been an active Vistage member since 2017. Philanthropy is very important to me; I am a member of the Board of Directors for The Foundation Fighting Blindness. I am passionate about my family, friends, music, wine, and traveling the world.  -------  If you're a family business or a family business consultant and want to be on the show, share your story and help other family businesses, send us an email to producer@thefamilybizshow.com or visit us at The Family Biz Show | Family Business Podcast With Michael Palumbos (familywealthandlegacy.com) to fill out our web form!  CRN-5765579-062123  *not affiliated with Lincoln Financial Advisors Corp.  Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Family Wealth & Legacy, LLC is not an affiliate of Lincoln Financial Advisors Corp. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances. 

Caterina Palmiotto: Lessons from an Agile Transformation in a Manufacturing Company Read the full Show Notes and search through the world's largest audio library on Scrum directly on the Scrum Master Toolbox Podcast website: http://bit.ly/SMTP_ShowNotes. In this episode, Caterina discusses a large-scale Agile transformation she was involved in at a manufacturing company. The transformation was initiated after a successful pilot with a few software development teams. The company adopted a top-down approach, hiring many Agile coaches and implementing a model that combined the Spotify Model and a big-bang change. Despite its success, the transformation was risky due to its size, and Caterina suggests starting the Agile adoption with a single Value Stream and measuring the impact on the business. In this case, the company's culture was also key in integrating the many different backgrounds and expectations from the different regional offices.  The success factors Caterina identified were: team coaching, focus on effective communication, and constant respect for each other.   About Caterina Palmiotto Caterina started as a software developer but soon realized that she was passionate about team dynamics and communication, and embraced agility from the moment she saw it. Caterina believes a team can be more than the sum of its parts and that growing the right culture is essential. When people are surrounded by good examples they will be motivated to do their best.  So the first step is doing your best to be a good example of the culture you want to nurture. You can link with Caterina Palmiotto on LinkedIn. 

In this After Dark episode, I sat down with Aaron Quinn, CEO & Chief Innovator at Cobalt Kinetics. If you're into the shooting game, there's a variety of gear, equipment and firearms manufacturers here in the United States. One of the things that fascinates me is all the new products that continue to hit the market. That being said, behind every new product is a person and Aaron is that person behind Cobalt Kinetics. In this episode, Aaron talks about where and how Cobalt got started as well as where it is now and where it's going. If you don't know anything about Cobalt Kinetics, you'll probably take a deep dive after listening to this episode and Aaron's story - he's constantly innovating and exploring his product improvements can make his customers ready and prepared for life.Timestamps:00:00 The Guy Behind Cobalt03:17 Scott on Cobalt 04:49 What Is Cobalt?09.10 Aaron's Background12:11 Aaron's Past Pharmaceutical Job Experience16:38 Transition From Pharmaceuticals to Firearms21:54 Cobalt Then vs. Now 23:38 First Thing Aaron Had To Do With The Company25:07 Gun Building28:40 Creating And Crafting 31:27 Testing 33:47 The Next Step41:41 Cobalt Helping Their Clients Develop Their Own Weapons 44:35 Setting The Standards In The Industry51:03 Innovation And How To Keep Up 56:39 What Is Aaron The Most Excited About?01:01:08 AE Platform 01:02:48 Evolution Of Cobalt And Their Customers01:08:31 Who Inspires Aaron In The Industry 01:18:04 Gun Industry 2.001:24:37 Goals And Values Red Dot Fitness Training Programs: https://www.rdftrainonline.comOnline membership (Full Access To All Programs & Virtual Coaching):https://www.reddotfitness.net/online-membershipVirtual Coaching:https://www.reddotfitness.net/virtual-coachingSelf-Guided Programs:https://www.reddotfitness.net/Self-Guided-Programs1Connect With Us:Website - https://ironsightspodcast.com/Instagram - https://www.instagram.com/ironsightspodcast/TikTok - https://www.tiktok.com/@ironsightspodcast

This is a good time of year to start thinking about your sales pipeline and hunting for new business. Prospecting is one of the most important things you can do to grow your business—but it's also something that everyone hates—even salespeople. So what is the concept of “Fanatical” prospecting? How do you bite the bullet and get started? We share some tips in this episode of MakingChips. Because if you're not prospecting, you're not growing, and if you're not growing—you're not MakingChips. BAM! – Nick Segments [0:20] Learn how Thomas™ can work for you [4:45] What's happening in our businesses [5:42] Manufacturing News: Aerospace Industry Outlook [11:22] Why prospecting is an important piece of the sales puzzle [15:16] The concept of “Fanatical Prospecting” [18:32] Top performers utilize time blocking [23:37] How to start fanatically prospecting  [26:53] Balancing prepwork and numbers  [29:26] Why a recession is the best time to prospect Resources mentioned on this episode 2023 aerospace and defense industry outlook Fanatical Prospecting by Jeb Blount 5-Minute Selling by Alex Goldfayn EDA Data Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

Guest: Jeff Kelley, Hamill Manufacturing Company   SUMMARY: In this episode we speak with Jeff Kelly, former CEO, selling owner, and current Chairman of Hamill Manufacturing, a Pennsylvania based precision and fabricating company which serves the defense, aerospace, and power generation industries. We talk to Jeff about what led him to begin working at the company in 1976 (which is father owned), why he chose to sell the company to the employees using an ESOP, the importance of legacy and loyalty for second generation business owners, and how important developing a succession plan is for manufacturing companies and businesses more broadly.    SUPPORT THE SHOW: We make all episodes of Owners at Work free and never place them behind a paywall. But, they take time and money to produce. Consider making a DONATION today to help keep our work going.   INFO :   Learn more about the Hamill Company  https://www.hamillmfg.com/history    WE WANT TO HEAR FROM YOU: We are always looking for new employee ownership stories to tell. Please contact us with your story at oeoc@kent.edu  

Christine Klahn is the Founder and CEO of ChemE Queen Bee, a Product Development and Small Batch Manufacturing Company in San Diego, California. She has created a host of products for clients in industries including beauty and wellness, CBD and cannabis, food and beverage, and sports and nutrition. With Bachelor's and Master's degrees in Chemical Engineering and over 25 years in industry and academia, Christine has created hundreds of recipes and has extensive experience in the product development process, scale-up and good manufacturing practices, and batch traceability and testing. She works exclusively with the highest quality natural ingredients to formulate the cleanest, safest, and most effective products for her clients. She has collaborated with celebrities such as Ashley Greene Khoury on her Hummingway brand, as well as the Mike Tyson team on the Tyson 2.0 x ClickSpray launch, and several of her client formulations have won industry awards. Christine's ideal clients are other bootstrap entrepreneurs, particularly women, minorities, and veterans, who wish to launch their own unique brand and grow their existing small businesses. Website: www.chemequeenbee.com Social media handles: www.facebook.com/chemequeenbee www.instagram.com/chemequeenbee www.linkedin.com/in/christineklahn www.calendly.com/chemequeenbee  

Listen now and see what it's like to be the COO at a chemical manufacturing company!

On this episode, we feature an interview with Jen and Chris Hudak. They are the founders of Escapod, a fabricator of lightweight teardrop camper trailers and one of the fastest-growing manufacturing companies in the US.  This company started back in 2016 out of a garage and now has over 70 employees. Their mission is simple: build the... The post Interview with the Founders of Escapod – America’s 9th Fastest Growing Manufacturing Company appeared first on Composites Weekly.

Colorado Sun editor Larry Ryckman and business reporter Tamara Chuang talk about how The Sun is doing as a business and a big event in the works.See omnystudio.com/listener for privacy information.

Can you really make a business work if you have no experience? Cody Lee, the President and Owner of Everyday Technologies, made that very leap when he took over the business. While his experience was limited, he's had some fantastic advice from his father and father-in-law, which has helped Cody thrive in his new venture. Cody joins this episode of Manufacturing Happy Hour to share where it all began, what led him to buy the business, and how he's determined to scale it in the future. He explains why his primary focus is on building a talented workforce, revitalizing Everyday Technologies' branding, updating systems, and playing to his own strengths. While it's been a unique challenge, Cody's more than embraced it and has injected new life into a brand that has been in operation for nearly 100 years! In this episode, find out: Cody's first experiences with entrepreneurship The important lessons Cody learned from his father and father-in-law Why you need to be passionate about your business above all else How Cody bought Everyday Technologies The first steps he took when taking over the business The top changes and updates he made to the business The unexpected challenges that Cody had to deal with Why you don't need to be the smartest guy in the room Why you need to pay attention to branding to attract top talent Why the success of a business is down to its people What Cody has planned for the future of Everyday Technologies Enjoying the show? Please leave us a review here. Even one sentence helps. It's feedback from Manufacturing All-Stars like you that keeps us going! Tweetable Quotes: “A business is the direct result of its people.” “If you have the right people in the right seats, clear expectations, and hold them accountable to themselves and the folks around them, you can get anything done.” “The core mission of what we're trying to do at the end of the day is just take care of our customers. Without them, there would be no growing, there'd be no revenue, there'd be nothing.” Links & mentions:

What can you do to double the value of your manufacturing company and increase your likelihood of selling it exponentially? In this episode of MakingChips, Michael Watkins and David Capkovitz from EBITDA Growth Systems (EGS) share how they can help you increase your profitability and Paul Van Metre from ProShop ERP shares how he partners with EGS to bring value to his clients. They are all passionate about improving business performance in manufacturing companies and impacting lives. Don't miss this episode packed with actionable insight. Segments [4:38] What's happening in our businesses [6:45] Manufacturing News: Industrial manufacturing deals outlook [9:30] Learn all about EBITDA Growth Systems' mission [16:02] How Paul is connected to EBITDA Growth Systems (EGS)  [19:17] How EBITDA Growth Systems (EGS) can help your business [27:29] Does EGS focus on internal systems or external marketing? [29:25] How they meet their brand promise with businesses that realize success [34:00] The #1 thing that Michael and David focus on to drive more revenue [35:09] The investment that's required to drive change in your company [38:04] The synergy between ProShop ERP and EBITDA Growth Systems Resources mentioned on this episode IMTS 2022 ProShop ERP Xometry Supplies Flex Industrial manufacturing: Deals 2022 midyear outlook The End of the World Is Just the Beginning: Mapping the Collapse of Globalization EBITDA Growth Systems The E-Myth Revisited The World is Flat Scaling to Exit by Michael Watkins Connect with David Capkovitz Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube