Podcast appearances and mentions of nick just

There are certain age milestones where you should really pay attention to your retirement planning progress. On this episode, we'll look at the most important birthdays as you approach retirement and cover the exact things you should be checking off your to-do list at each age. Helpful Information: PFG Website: https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email: info@pfgprivatewealth.com Disclaimer: PFG Private Wealth Management, LLC is a registered investment adviser. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investment involve risk and, unless otherwise stated, are not guaranteed. Information expressed does not take into account your specific situation or objectives and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. Transcript of Today's Show: For a full transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/ ----more---- Mark: Hey, everybody. Welcome into another addition of the podcast. This is Retirement Planning Redefined, with John and Nick and myself, talking investing, finance, retirement, and birthdays.   Mark: We're going to get into important birthdays in the retirement planning process. As we get older, I don't think any of us really want birthdays, but these are some things we need to know. They're pretty useful. Some of this is pretty basic. Some of this stuff's got some interesting caveats in it as well. So you might learn something along the way. It can go a long way towards that retirement planning process.   Mark: We're going to get into that and take an email question as well. If you've got some questions of your own, stop by the website, pfgprivatewealth.com. That's pfgprivatewealth.com.   Mark: John, what's going on, buddy? How you doing?   John: A little tired. Got woken up at 2:00 in the morning with two cranky kids.   Mark: Oh yeah.   John: So if I'm a little off today, I apologize.   Mark: There you go. No, no worries. You get the whole, they climb the bed, and then you're on the tiniest sliver?   John: I got one climb into bed, I think kicked me in the face at one point.   Mark: Oh, nice.   John: Another one climbed into bed missing out on the other one, because they share a room. Then I had the sliver. I woke up almost falling off the bed.   Mark: There you go. And usually freezing because you have no blankets.   John: Yeah, yeah.   Mark: That's usually the way it goes. Nick's sitting there going, "I don't know what you guys are talking about."   Mark: What's going on, buddy. How you doing?   Nick: Yep. No. Pretty low maintenance over here.   Mark: Well, that's good. Hey, don't you have a birthday coming up?   Nick: I got a couple months still.   Mark: Okay, a couple months.   Nick: Yeah, I just got back from a trip a few weeks ago. Some buddies that I grew up with, a group of us have been friends for a really long time, I guess, going back to middle school. We're all turning 40 this year, so we rented a house in Charleston, and all survived.   Mark: Nice. There you go.   Nick: Yeah. It was good.   John: This is how you know Nick's turning 40. He came back with neck pain.   Mark: Exactly.   Nick: Yeah.   Mark: Hey, when you start to get a certain age, you start going, "When did I hurt that?" It's like, "I didn't even do anything." Yeah. You don't have to do anything.   Mark: Well, you know what? That's a good segue. Let's jump into this.   Mark: We're going to start with age 50. I turned 50 last year. First of all, the thing that sucks is you get the AARP card. I don't know about all that. That's annoying as a reminder that you're 50.   Mark: But the government does say, "Hey, let me help you out a little bit here if you need to catch up on some of the retirement accounts, help building those up." Talk to me about catch up contributions, guys.   Nick: Yeah. Essentially what happens is when you hit 50, there's two types of accounts that allow you to start contributing a little bit more money. The most basic one is an IRA or a Roth IRA, where the typical maximum contribution for somebody under 50 is 6,000 a year. You can add an additional thousand to do a total of 7,000 a year. The bigger one is in a 401(k) or 403(b) account, where you're able to contribute, I believe it's an extra 6,500 per year.   Nick: This is also a good flag for people to think about where, hey, once that catch up contribution is available, it's probably a good time, if you haven't done any sort of planning before, to really start to dial in and understand your financial picture a little bit more. Because if you talk to anybody that's 60, they'll tell you that 50 didn't seem too far back. So that's a good reminder to dig into that a little bit.   Mark: Yeah. It adds up. It's not necessarily chicken feed. You might hear it and think, "Well, a thousand dollars on this type of account over a year, or 6,500 on the other type of account, whoopedidoo." But if you're 50 and you're going to 67, let say, for full retirement age, and we'll get to that in a little bit, that's 17 years of an extra seven grand. It's not exactly chicken feed, right?   Nick: No. It's going to be big money down the road.   Mark: Yeah, exactly. So that's 50.   Mark: John, talk to me about 55. This one's really similar to 59 and a half, which most of us are familiar with, but most people don't understand the rule at 55. So can you break that down a little bit?   John: Yeah. We don't see people utilize this too often, but an example would be let's say you're 50, 55, 56, and for whatever reason, you leave your current job. You have an opportunity, at that point...   John: Let's give a bad scenario. You get laid off. If you didn't have a nest egg saved up in savings, there's an opportunity to actually access some money from your 401(k) plan without penalty. What you'll do is, basically, you take the money directly from the plan, and you just have it go to your bank account, and the 10% penalty's waived.   John: Now, some people need to be careful with this. Once you roll it out to an IRA, this 55 rule here, where the 10%'s waived, ceases to exist. It has to go from the employer plan to you directly in that situation. It's a nice feature if someone finds themselves in a bad situation, or they need access to money, and the 10% penalty's gone, but you still have to pay your income tax on that money [crosstalk 00:05:03]   Mark: Of course. Yeah. That caveat being, it's only from the job that you've just left, right? It can't be from two jobs ago kind of thing. It's got to be that one that you've just walked away from, or been asked to leave, or whatever the case is. That's that caveat.   John: Correct.   Mark: It's basically the same rules, Nick, as the 59 and a half. It's just is attached to that prior job. But 59 and a half is the more normal one. What's the breakdown there?   Nick: Yeah. Essentially what happens is, at 59 and a half, you are able to take out money from your qualified accounts while avoiding that penalty without any sort of caveats. One thing to keep in mind is that usually you're taking it out from accounts that...   Nick: For example, if you're currently employed, the process of taking it out of the plan where you're employed can be a little bit different, but it's pretty smooth and easy if you have an IRA or something like that outside of the employer plan.   Nick: One other thing that happens in most plans, for people at 59 and a half, is, and we've seen it a bunch lately, where a lot of 401(k) plans have very restricted options in fixed income and those sorts of things, where most or many plans allow people to take inservice rollovers, where they're able to still work at their employer, but roll their money out of the plan to open up some options for investments outside of the plan.   Nick: That's not always the best thing for people. Sometimes the plans are great. Fees are really low. Options are great. So it may not make sense, but oftentimes people do like having the option to be able to shift the money out without any sort of issue.   Mark: Okay. All right. So that's the norm there. You got to love that half thing. You always wonder what the senators or whoever was thinking when [crosstalk 00:06:56]   John: Finally, they got rid of the 70 and a half [crosstalk 00:06:58]   Mark: Yeah. They get rid of that one. Yeah. We'll get to that in just a minute as well.   Mark: John, 62, nothing too groundbreaking here, but we are eligible finally for Social Security. So that becomes... I guess the biggest thing here is people just go, "Let me turn it on ASAP versus is it the right move?"   John: Yeah. So 62, you're now eligible. Like you said, a lot of people are excited to finally get access to that extra income. You can start taking on Social Security.   John: Couple of things to just be aware of is, any time you take Social Security before your full retirement age, you will get a reduction of benefit. At 62, it's anywhere, depending on your full retirement age, roughly 25 to 30% reduction of what you would've gotten had you waited till 66 or 67.   Mark: They penalize you, basically.   John: Yeah.   Nick: Yeah. Actually, if you do the math, it ends up breaking down to almost a half a percent per month reduced.   Mark: Oh wow.   Nick: Yeah. It really starts to add up when you think about it that way.   John: Yeah. We always harp on planning, so important if you are thinking about taking it early, once you make that decision, and after a year of doing that, you're locked into that decision. So it's important to really understand is that best for your situation.   John: Other things to consider at this age, if you do take early, Social Security does have what they call a earnings penalty slash recapture. If you're still working and taking at 62, a portion of your Social Security could be subject to go back to them in lieu of, for a better term, [crosstalk 00:08:27]   Mark: It's 19,000 and some change, I think, this year, if you make more than that.   John: Yeah.   Mark: Yeah.   John: Yeah. Anything above 19,000 that you're earning, 50% goes back to Social Security. [crosstalk 00:08:36]   Mark: Yeah. For every two bucks you make-   John: 5,000 goes back to Social Security. So that's really important.   John: Something that I just want to make, last point on this, is that earnings threshold is based on someone's earned income, and it's based on their own earned income, not household. That comes up quite a bit, while people say, "Well, I want to retire and take at 62, but my husband's still working. Am I going to have a penalty if I take it?" The answer is no. It's based on your own earnings record.   Mark: That's where the strategy comes into play too. Because if you are married, then looking at who's making more, do we leave one person's to grow, as we're going to get into those in just a second, to grow towards that more full number.   Mark: Again, that's all the strategy. It may make sense for one person to turn it on early, and the other person to delay it. That's, again, part of the strategy of sitting down and talking with a professional, and looking at all the other assets that you have, and figuring out a good move there.   Mark: Nick, let's go to Medicare. 65 magic age.   Nick: Yeah. Actually, my dad turns 65 this year. So we've been planning this out for him. He is a retired fireman, so he has some benefits that tie in with his pension.   Nick: One of the things that came up, and just something that people should think about or remember, even if they are continuing to work past 65, is it oftentimes makes sense to at least enroll in Medicare Part A. You can usually enroll as early as three months before your birthday. The Medicare website has gotten a lot easier to work with over the last year or two.   Nick: Part A, the tricky thing is that you want to check with your employer, because usually what happens for the areas that Part A covers, which is usually hospital care, if you were to have to be admitted or certain procedures, it's figuring out who's the primary payer, who pays first, who pays second. So making sure that you coordinate your benefits. Check in with HR, if you're going to continue to work.   Nick: If you are retired and are coming up on that Medicare age, make sure that you get your ducks in a row so that you do enroll. Most likely you're going to start saving some money on some healthcare premiums.   Mark: Technically, this starts about, what, three months early? It's a little actually before 65. I think it's three months when you got to start this process, and three months before and after.   Nick: Yep. Yeah. You can typically enroll three months before your birthday, and then through three months afterwards. There can be some issues if you don't enroll and you don't have other healthcare, at least for Part A. There can be penalties and that sort of thing.   Nick: Frankly, with Medicare and healthcare in retirement, this is a space that we typically delegate out. We've got some good resources for clients that we refer them to, because there are a lot of moving parts, and it can be overwhelming, especially when you start to move into the supplements and Advantage plans, and all these different things.   Mark: Oh yeah. And it's crucial. You want to make sure you get it right. A lot of advisors will definitely work with some specialists, if you will, in that kind of arena. So definitely checking that out when we turn 65.   Mark: Again, some of these, pretty high level stuff, some of this stuff we definitely know. But we wanted to go over some of those more interesting caveats.   Mark: Let's keep moving along here, guys. Full retirement age, 66 or 67. John, just what? It's your birthday, right?   John: It is your birthday. That's the time that you can actually take your full Social Security benefit without any reduction, which is a great thing to do. Then also that earnings penalty we discussed earlier at age 62, that no longer exists. Once you hit your full retirement age, 66 or 67, you can earn as much as you want and collect your Social Security. There's no penalty slash recapture.   John: When that happens, people have some decisions to make. If they're still working, they can decide to take their Social Security. I've had some clients that take it, and they use that as vacation money. I've had some other ones take it, and they take advantage of maxing out their 401(k) with the extra income. Or you can delay it. You don't have to take it. You get 8% simple interest on your benefit up until age 70.   John: So full retirement age, you got a lot of big decisions to make, depending on your situation. But you want to make sure you're making the best for what you want.   Mark: Definitely.   Nick: Just as a reminder to people that that 8%, and you had mentioned it, but it does cap out at age 70. So there's no point in waiting past 70, because it doesn't increase any more.   Mark: Right. Thanks for doing that. It wasn't on my list, but I was going to bring it up real fast. So yeah. People will sometimes email and they'll say, "Hey, I want to keep working past 70. How's that affect Social Security." It's like, "Well, you're maxed out, so you got to just go ahead and get it done." You can still work if you're feeling like it. Your earnings potential is unlimited, but it's just a matter of you're not going to add any more to it. So I'm glad you brought that up.   Mark: John, you mentioned earlier, they got rid of the other half. Thank God. The 70 and a half thing, just because it was confusing as all get out. They moved it to 72.   Nick: Yeah. Required minimum distributions, as a reminder for people, are for accounts that are pre-tax, where you were able to defer taxation. 401(k), traditional IRA, that sort of thing. At 72, you have to start taking out minimum distributions. It starts at around 3.6, 3.7% of the balance. It's based on the prior year's ending balance. It has to be taken out by the end of the year.   Nick: An important thing for people to understand is that, many times, people are taking those withdrawals out to live on anyways. So for a lot of people, it's not an issue at all. However, there are a good amount of people that it's going to be excess income.   Nick: Earlier mentioned, hey, at age 50, really time to check in and start making sure that you're planning. One of the benefits of planning and looking forward is to project out and see, hey, are these withdrawal going to cause you to have excess income at 72, where maybe we're entering into a time that tax rates could be higher, tax rates could be going up, which is fairly likely in the next five to 10 years. So if we know and we can project that, then we can make some adjustments to how we save, should you be putting more money into a Roth versus a traditional, and how we make adjustments on the overall planning.   Nick: So making sure that you understand how those work, and then the impact that it has on other decisions to take into account for that situation, is a huge part of planning.   Mark: Definitely. Those are some important birthdays along the way. You got to make sure you get this stuff done. 72, there's the hefty penalties involved if you don't do that. Plus you still got to pay the taxes. All this stuff has some crucial moments in that retirement planning process, so definitely make sure that you are not only celebrating your birthday, but you're also doing the right things from that financial and that retirement planning standpoint along the way.   Mark: Again, if you got questions, stop by the website, pfgprivatewealth.com. That's pfgprivatewealth.com. You can drop us an email question as well, if you'd like. That's what we're going to do to wrap up the show right now.   Mark: We got a question that's sent in from Jack. He says, "Hey, guys. I've thought about meeting with a financial advisor to plan my retirement, but I've never used a budget or anything like that before. So I'm wondering, should I budget myself for a couple of months before I meet with a professional?"   Nick: Based upon experience, putting expense numbers down on paper is one of the biggest hurdles for people to get into planning. But with how this question is phrased, I would be concerned, because it's kind of like the situation of starting a diet. You start a diet. You're going to eat really good for two to three weeks. You're trying to hold yourself accountable. You're functioning in a way that isn't necessarily your normal life.   Nick: One of the things, as advisors, that we want to make sure that we understand are what are you really spending. It's great to use a budget, but if you're budgeting to try to look good in the meeting, which we've seen happen, you're painting a false picture, and you're not letting us know what the finances actually look like.   Nick: So I would actually say to put down the real expense numbers in place, let's see what it really looks like, and then if we need to create a budget after we've created a plan, then that's something that we can dig into.   Mark: Yeah. John, let me ask you, as we wrap this up, sometimes people associate seeing a professional financial advisor with a budget. Also, people have a cringe to the B word. They think, "Well, I don't want to live on a fixed budget," or something like that.   Mark: That's not necessarily what we're talking about, right? That's not probably what Jack is referring to. He's just trying to figure out, I guess, more income versus expenses, right?   John: Yeah, yeah. The first step is to analyze your expenses. That could be what he's referring to as far as, "Hey, should I take a look? Should I get my expenses down before I meet with someone?"   John: I'd agree with Nick, even if that's what you're looking at, versus the budgeting, I would say no. I think the first step is sit down with an advisor, because they can assist in categorizing the expenses correctly based on today's expenses, versus what expenses are going to be at retirement.   John: I think it's important just to get going rather than trying to prep. Because we've seen a lot of people that have taken ... They've been prepping for years to meet. That's years where they haven't done anything, and they've, unfortunately, lost out on some good opportunities, otherwise, if they just said, "Hey, I'm going to sit down first, see what's going on."   Mark: Yeah. It gives you that built-in excuse.   John: [crosstalk 00:18:26]   Mark: It gives you that built in, "Well, I'm not quite ready." Well, you might never be ready if you play that game. Especially a lot of times when it's complimentary to sit down with professionals, have a conversation. Most advisors will talk to you, no cost or obligations. So why not right? Find out. Just get the ball rolling. That's the first step. It's usually the hardest part too.   Nick: Yeah. One thing that we typically tell people is that we are not the money police. We are not here to tell you that you can't use your money the way that you want to use it.   Nick: The way that we view ourselves, and what our role is as an advisor, is to help you understand the impact of decisions. Whether those decisions have to do with spending money, saving money, whatever, it's to make sure that you understand the impact of your decisions so that you make better decisions. That's it.   Mark: There you go. Yeah. It's your money, at the end of the day, your call, but certainly having some good, well, coaches in your corner, if you will, advisors to help advise, that's the whole point. But I like that. Not the money police.   Mark: All right. That's going to do it this week, guys. Thanks for hanging out. As always, we appreciate your time here on Retirement Planning Redefined. Don't forget. Stop by the website.   Mark: If you need help before you take any action, we always talk in generalities, and try to share some good nuggets of information, but you always want to see how those things are going to affect your specific situation.   Mark: If you're already working with John and Nick and the team at PFG Private Wealth, fantastic. Then you already have a lot of this stuff in place. But if you have questions, or you're not working with them, or you've come across this podcast in whatever way, or maybe a friend shared it with you, definitely reach out and have a chat. pfgprivatewealth.com. That's pfgprivatewealth.com. Don't forget to subscribe on whatever podcasting platform app you like to use.   Mark: We'll see you next time here on the show. For John and Nick, I'm your host, Mark. We'll catch you later here on Retirement Planning Redefined.

Book Your Free Revenue First Podcast Strategy here!Get Your Free Dial Session here!Want Your Reps Hitting Quota in 2022? Get Your Wingman Free Trial HERE!HIGHLIGHTSNick's Sales JourneyBecoming #3 guy by working part-timeNick's approach to sellingCorrelation of feedback and moneyValue of conversationsDrainers and DriversQUOTESNick: “Product validation is the most important thing to get the proper fit for the proper person.”Nick: “The minute that ‘ ‘them purchasing' ' is your idea and not theirs, you've lost. Like you might as well just stop right there.”Nick: “I think the balances and having open hands and holding rather loosely to the reality that you cannot control the outcome. You can only ever move someone's readiness to one degree.”Nick: “Getting the wrong product fit to the wrong customers is a monster that will grow. And that's the surest way to reduce your credibility, your reliability and the intimacy with that client.”Nick: “The best strategy ever is to care. When you truly care, you have the empathy, and the authority to help them get what it is that they want, relating with them, understanding with them.”Nick: “Just have a conversation with a human being. Be real, be open, be credible, be reliable, be trustworthy, create intimacy, uncommon bonds, common bonds, sometimes common wounds, it works.”Nick: “People are the world's most powerful brands. I don't think that people buy from companies anymore.”Learn more about Nick in the link below: LinkedIn - https://www.linkedin.com/in/nickcavuoto/Website - nickcavuoto.com/aboutLearn more about Collin in the link below: LinkedIn - https://www.linkedin.com/in/collin-saleshustle/Also, you can join our community by checking out @salescast.community. If you're a sales professional looking to take your career to greater heights, please visit us at https://salescast.co/and set a call with Collin and Chris. 

ep91 Arizona event coordinator & promotor Mimi aka RadOrDie in studio to discuss the Anti donut Donut Meet and the importance of mental health awareness in the car community. How difficult is it for school aged children in the pandemic era and are mobile devices ruining core communication skills. Nick Just the Tipp Keck stops by the studio to help answer listener submitted questions. Are you vaccinated? Is the United States the best country in the world? Did Acura fail on the 2017-2022 NC1 NSX? Connect with the show · Instagram.com/JhaePfenning & Jhae_Travels · Support us on Patreon.com/HardParkingPodcast · YouTube.com/HardParkingPodcast · Facebook · Twitter.com/JhaePfenning · Support This Podcast on Anchor · HardParkingPodcast@gmail.com --- Support this podcast: https://anchor.fm/hardparkingpodcast/support

In this episode we discuss what to do when you finally have some space. 00:02:35 - Empty Space Well, this is something I definitely noticed with myself is, you get that empty space and there's usually like a sigh of relief. Yeah, man. You know, maybe something got canceled or, you know, a meeting got canceled or something shifted and it's like, oh, now I don't have to do that thing. And whew, man, it's like sigh of relief for a second. But immediately the mind is like, well, what am I going to fill it with?  NICK I don't even know that the mind go. I feel like it's sort of this subconscious, you start just filling or maybe yeah, because there's a nervousness, like there's space. When am I going to do? And then at least if I'm not grounded or anchored, I'll just start all of a sudden floating around the house and walking outside and picking a plum and coming back in and just like things that don't need to happen right then and there. And before, you know, an hour's gone. KISMA 00:004:00 - What is taking space? So describe what is taking space.  KISMA Well, I mean, to, to me in the truest sense of it taking spaces, like I'm not going to, I'm just not going to do anything.  NICK I'm just going to be with myself.  KISMA I'm just going to like sit and be a maniac, you know, and be with myself. NICK Just like be with my feelings, my thoughts, my body, my energy, that can be incredibly uncomfortable for people.  KISMA  It's really, it's really a weird experience, I think, you know, and how I put it in the message, you know, is like pure perception. NICK 00:05:35 - Not that easy It's it's, it's, it's actually not that easy.  NICK No, we're so used to being distracted. Yes. And then, then there's a feeling like, well, I should be doing something, so I'm taking space, but I'll read this book or I'll devour this book or something that man just being with ourselves. And it's interesting because we're the ones, you know, between our ears, we are with ourselves 24/7, we are with ourselves more than any other human yet to just be and have that space can feel so uncomfortable. KISMA 00:07:25 - Practices, Tips & Tools So what about some practices, some tips, some tools for people to just be, where do they start?  KISMA It's a little hard to instruct because it's, you know, it's the opposite of doing anything. NICK Right.  KISMA That you have to actually like make a decision to just do nothing.  NICK What would one possibly feel, or what can they expect when they enter this decision of I'm just going to sit and be for five minutes a day.  KISMA Well, that's a really interesting question because, um, I think it could be like, really, really, I know in myself, like I have really different experiences of that. You know, sometimes it's like really relaxing and just like, you know, kind of  NICK getting cosmic. KISMA Yeah. And then other times it's, there's, you have some really deep insights from that space. You know, other times you just kinda just feels like a sigh of relief, you know? So I, I can't really say, you know, but all I can say is like, you gotta try it, just try it for yourself. NICK 00:09:27 - When one takes space Well, I think when one takes space and you're able to just be, that's when the intuition starts to come in, like there's just there's quietude and it might take, it might take some practice or it might just happen automatically for people's like, yeah, I'm just going to make that decision. I'm just going to be bit without the noise, without leaning in and having to do something, you're going to feel the connection that is there anyways, with your intuitive channel, with your spiritual channel, it's just, there is that space and depth for you to start to hear a start to know or start to receive. KISMA 00:12:35 - Anytime So before we sign off choice decision to take the space, is there a certain time of day that you recommend?  KISMA No. Anytime, anytime. Cause it doesn't have to be a lot, like five minutes will, it can seem like an eternity.  NICK  So perhaps it would be like the taking space challenge five minutes a day.  KISMA Yeah. Anytime, anywhere like you can just sit on a park bench and just be, you can be that weirdo. Who's just sitting there looking at the tree. NICK I think back in the day. That's what people did, like we're on our phones and we're eating and we're doing all sorts of crazy things.  KISMA Yeah. You see people it's like I say, I always crack up at that meme when I, whenever it floats through my feet, you know, it's like I was in a coffee shop and I saw this guy sitting there just drinking a cup of coffee, like a maniac, like, like people don't do that, you know, just go somewhere and just drink a cup of coffee, you know? NICK 00:15:43 - Do Nothing So five minutes a day. Doesn't matter what time everyone just sit and be with yourself.  KISMA Yeah. Yeah. One, try it in the middle of the day.  NICK Yeah. I bet there'll be a renewed energy for the rest of the day.  KISMA Try, you know, you can try it in the morning. Like that might be a little easier to start and don't meditate. NICK Don't meditate, you know, just, you're not meditating. Don't go to God, let God come to you.  KISMA Oh, dang Kimsa. My mic drop right there. Yeah. I like that. Um, you're not meditating. You're not reading or studying. You're not contemplating. Is it like none of it's really. I mean, what I like just do nothing. NICK

In this episode we are talking about What You Want to Know About the Energy of TV. We are going to give you some really helpful tips and guidelines about what you consume and what it's really all about. 1:16 The Energy of TV Today we are talking about television and what you want to know about it’s energy. Nick Just a heads up, we're not here to tell you to stop watching TV because I know the title is like what you want to know about the energy of TV, but we’re going to talk through what TV can do to you.  KISMA I think well done TV is a brilliant thing, so we're definitely not going to tell you to not watch TV ever. But we are going to give you some really helpful tips and guidelines about what you consume and what it's really all about.  Nick 16:07 Everything Has an Energy So back to the whole title, the energy that is in the show you’re watching, the energy that the characters are putting out in the writing and the theme, it's coming right out of the TV onto you. KISMA The stories are so engaging that they wrap you into it in such a powerful way. Well your little brain just buys right in, and on a certain level you're very aware that you’re just watching a show, but energetically that doesn't change it. Everything has an energy. Nick 17:16 What You Consume It's really important when you think about what you consume.  Nick  What you consume, what you speak, what you think.  KISMA Very much so. And when we're talking about TV, it wraps you in a different way and that's in your energy. It's in your brain and it's in your energy field.  So like anything, we're not going to say don't do it, but you do need to be aware of it and make sure that you're not bingeing on the wrong things. Cause you probably know how you feel when you're bingeing on that. You know, you feel uneasy after that and you take that energy with you into your sleep and into your dreams. Like it can be really disruptive.  19:39 Tips and Guidelines I recommend cutting cords and do your best to not have the TV on in the bedroom. We just don't have a TV in our bedroom. I recommend not.  And I definitely recommend not turning it on first thing in the morning. Don't watch the news.  It's like it's all infiltrating. Not just your energy, but your room energy. KISMA That's a really good point. It's not just you. It comes into the environment. Nick Any other tips or  guidelines for the energy of TV?  KISMA Yeah. Keeping good company.  When you think about keeping good company, that's not just the people. It's actually the good company of your environment, the things in your environment and certainly the media that you consume.  Just try to moderate as best as you can. Secondly, like Kisma says, use the cord cutting technique that we've taught many times.Cut your cords to release that energy. Nick 24:12 Let Yourself Enjoy It The last piece of advice is know what you're getting into and if you're going for it, just go for it. Really let yourself enjoy it.  Nick

In today’s episode, we are talking about Leonard, our Boston terrier and the five lessons that we learned from The Bestest Boston Terrier Ever. If you're looking for a little bright space on the internet, go find 00:48  Our Boston Terrier I wonder how this episode is going to go because we're talking about Leonard, our Boston terrier. KISMA Sadly, Leonard has left us. He's crossed the rainbow bridge as they say. He was a really good dog. He was so amazing. Nick 6:29 Everyone Loves a Boston Terrier That brings me to lesson number one, everybody loves a Boston terrier. Nick Everyone loves a Boston terrier. They're just so freaking cute. KISMA Everywhere I walked with that dog, people would stop and they were like, “Oh my gosh, it's a Boston”. Or they were like, “Is he a Frenchie or is he a Boston?”. You know, and they were always just so taken with him. Nick 8:00 Making Friends So, the second lesson is that you can make friends easily. These are all things that I've learned really just by observing my dog. Nick  Yes, this is true because he's fun and he would sort of trot around and anybody that came up to him, loved him, and he would just be friends. KISMA 10:52 When You Know Someone, You Know What's another lesson? KISMA Number three. This is a big one. When you know someone, you know. When you know their habits, their patterns, like you know what this little being does and when you expect it to be different, you're just setting yourself up for a whole world of stress. Nick Just like people.  KISMA 14:32 Manifest through Persistence and Charm Lesson number four is a big one for me. This is something that I learned by watching this dog. His amazing, truly extraordinary ability to manifest through persistence and through charm. Nick So true. The guy had charm. KISMA Add charm and persistence and you have a winning combination.  If he wanted something, he would not quit. Nick 17:14 Unconditional Love The last lesson I want to talk about is more universal to dogs, is just how they teach us and show us and demonstrate that unconditional love. Nick Yeah, that's so true. We can mess up so many times and they still love us. We can turn our backs on them, yell at them, whatever, and they still love us. It really is a beautiful thing. KISMA I could understand what goes on in the dog's head that allows them to do that because it's a powerful thing.  It's so powerful. Leonard, He will be missed.Nick He will definitely be missed. KISMA

Go to http://lootcrate.com/games and enter my code GAMES to save 30% off your subscription Jared and Greg close out the year by talking about The Walking Dead going to the Epic Games Store, 2019 gaming resolutions, and more. Time Stamps 00:01:00 - EJ - “A question, what game(s) do you plan on playing over the holidays? I was going to finish DQXI and AC: Odyssey, but fighting games are keeping me away. All these patches had to release around the same time. So I’ll just be going between Smash, SCv, and SC6.” 00:04:20 - Housekeeping The Roper Report - 00:05:25 - TWD Moves to the Epic Games Store, Brian Crecente Variety 00:10:27 - Niantic Wants Next Gen AR Ideas, James Batchelor GIB 00:13:25 - Thimbleweed Park Sales :: - SuperData: Fallout 76 & Battlefield V Digital Sales Failed to Meet Expectations - Big Twinfinite, By Alex Gibson 00:19:30 - Out today Reader mail - 00:23:10 - Randolo - “I just wanted to say that I was inspired by what you said yesterday about people being better. I wanted to take a moment to say thank you.” 00:24:35 - Jimmy Giggle - “Xbox game pass is the best value in gaming. The list of games added in December are...” 00:26:10 - Braxton Basha - “I just dropped off a lady at the airport who happens to be the older sister of instagram's new verifier!” 00:27:08 - Norman Reedus and the Funky Fetus - “Now that Nintendo has an exclusive Marvel game of their own in Ultimate Alliance 3, what is the likelihood of a Marvel character appearing in Smash?” 00:30:03 - Eddie De Santiago - “K/DA song in Beat Saber…” 00:35:40 - Nick - “Just wanted to thank you for trying to create a positive community and teach people how to talk to each other.” 00:36:30 - Peter - “Now that the Raimi suit has been added to Spider-Man PS4, don't you think that Insomniac kindof shot themselves in the foot with their messaging prior to the drop of this skin?” 00:39:50 - Becky Lynch - “Jared which game do I buy as my first JRPG…” 00:41:00 - Chuck - “my nephew asked me how he could start making his own video games.” 00:43:58 - Adam - “I wanted to write in for the end of the year in the spirit of Greg’s tweet and thank you both for all you do.” 00:45:15 - ToastyBaguette - Game related New Year's resolutions 00:48:30 - Squad Up: doruk evcim - PS4/PSVR - dorukevcim 00:51:00 - You‘re Wrong Tomorrow’s host: January 4th. 11 am. Kinda Funny 4.0

This week: Nick Just wants to talk about They Might Be Giants. Audrey finds an amazing album that EVERYONE missed last year. And a call from a real live international man of mystery.

Green Meadows Beef is an unique family business providing grass feed beef direct to the consumer. This is the story how the Carey family have built their business of providing raw materials to the end user and the way they have used social media to take it to market     Today’s guest is Nick Carey, Director and General Manager of Green Meadows Beef based in Taranaki.  Green Meadows Beef is a unique family business who have built their business primarily using online and social media platforms.  The business has experienced tremendous growth over the last five years.  Craig and Nick talk about what started as an offbeat idea that has become big business for his family.   In 2012, his family decided they wanted to add value to their products.  This propelled them to launch a paddock to plate system.  This involved shipping products from their farm through their own processing and distribution channels.  Their direct-to-market through online sales has formed a big growth part of their business.   Nick’s father, suggested for them to try and market their beef product directly to the consumer.  They sat together as a family and formed a new way to get their products to the market, and soon, they recognized the opportunity of selling online. This propelled them to launch a paddock to plate system.  This involved shipping products from their farm through their own processing and distribution channels.  Their direct-to-market through online sales has formed a big growth part of their business.   Nick started his career as a commercial lawyer in Wellington and New Plymouth His role in this new family business was in the development, branding, and logistics.  Soon enough this was taking most of his time and he eventually decided he needed to quit his job as a lawyer.    That was a leap of faith for Nick, who has had to adjust to being an entrepreneur.  There were four key problems Green Meadows Beef was solving for the consumer.  These were (1) Time saving (2) Ease of purchase (3) Quality assurance, (4) Provenance.   Nick and Craig also talk about how wildly successful My Food Bag has become.  It is a website that allows it’s customers to order a food bag for a varied number of people.  It is also customized for them in terms of the number of people and their diet.  My Food Bag has revolutionized the industry.  Countdown eventually came up with a similar concept of online selling.  There was a big shift in the market of people being more open to purchasing food products online.  That assured Green Meadows Beef of its market.    In terms of marketing research, they were lucky that Green Meadows Beef was nimble enough to adapt their offering as well.  This included having to tweak their operations on the way.  They started out selling bulk-frozen packs and delivering them through chilled or frozen trucks.  However, it has now evolved to a point where they can customize their own products and deliver them the next day, chilled, through a courier.   Nick’s journey has not been without challenges.  One day, his company’s freight company informed him that they were no longer going to deliver Nick’s frozen meat packs.  As a result, he was forced to change his business model, which led to better results because they are now selling fresh produce instead of frozen produce.   Another challenge Nick has had to face was the price of raw materials.  Over the last three to four years, the price of raw materials has almost doubled.  At the same time. One of the things that has raised the price of the raw product is the price that it can otherwise be sold elsewhere.  Export of demand has been high.   They now run their farm as a separate business from their meat processing.  Each company has different governance, advisers, and processes.  Ensuring that the two businesses were independent of each other will help with succession planning and will force each one to be profitable on its own.  .  However, with the easing off of demand in the United States, the farm gate prices have been affected.    Nick learned to focus on the role of governance and the value of the right independent advice.  Another crucial area that Nick has focused on is being able to get accurate and timely business information, dealing with changes in technology and how scalable that is, and finally, achieving a profitable core business before evolving into other paths.   Another thing that Nick has focused on is learning how to work with his people.  Getting the right staff onboard has been a good learning experience for him.  He makes sure his employees have clearly defined roles, responsibilities, and reporting lines so that he could focus on working on the business and growing it.  Nick has been able to retain his staff for 4 years now.  He hardly needed to do cold hires because he utilized the benefits of his networks.   As for online selling, Nick uses mostly social media such as Facebook and Twitter to connect with people and to build an audience.  They do mostly paid advertising now.  He initially did everything in-house but has started outsourcing it already using a marketing consultant who works remotely for them.   In terms of content, Nick suggests that you keep it personal, relevant, and fun to keep his customers engaged.  With competition sprouting up more, there is a need to ensure that you get heard.  Nick’s friend once said that content is king but engagement is queen and she rules the house.  You need to be able to engage your followers.    Currently, they are on Pinterest and Instagram but it has been a challenge to maintain everything.  They use third party tools to help with the marketing side.  They also use cloud based systems that help cut costs and get things done.   What Nick enjoys about being in business is building something from the ground up, seeing the evolution of that business, and having a chance to enjoy its success.    As a lawyer, Nick had a structured and disciplined career.  At the moment, he says he has very little structure in his life now.  Working with creative types, for example, causes him to work longer hours and deadlines extended.  He deals with it by communicating well with his people.  He says that if you spend a good portion of your day through communicating, it makes the day go so much better. This goes back to having structures in place so the rest of the team can function harmoniously while you’re communication with them.    Nick’s challenge working with his family is ensuring that there is regular communication in terms of what’s happening in the business as well as asking for feedback.  He suggests that there has to be a clear distinction of business and family time.  It is important that everyone gets their chance to have a say but at the end of it, they are able to sit down and have dinner together.   In terms of having external professionals and mentors for his business, Nick says that one of the critical things is finding the right independent advice.  His solution has been to persevere until you find exactly what you need at a particular time.  As your business continues to change, so does the levels of advise.  Nick has found that having an independent director has helped him fill the skills gap.  Engaging the services of experts can be beneficial to his business as well.    Nick does not dwell on the past.  His company has a year end review where they identify what worked and what didn’t so that in the future, they can learn from these experiences. Nick says that in hindsight, he would have focused on margin analysis in his business and having a better handle on his cash flow and budget.  This has become one of their strengths and has allowed them to diversify the business for a more consistent cash inflow.   Being content in terms of business and the industry that you’re in is a mistake that business owners make.  As an example, the evolution of online selling has had an effect on traditional purchasing.  Nick suggests that you need to stay on top of things and not rest on your laurels because you don’t know what’s around the corner.   Strengthen your core business and ensure that it is profitable and sustainable before you venture out into other business opportunities.  At the moment, there is a need to develop relationships with consumers because people want to know where there food comes from, how it’s produced, and what’s going on.    Visit www.GreenMeadowsBeef.co.nz for more information.   TRANSCRIPT NICK CAREY    Craig: Hi guys!  Craig here from The Project Guys. Today in our podcast, really happy to introduce Nick Carey.  Nick is a Director and General Manager of Green Meadows Beef based here in Taranaki.  Green Meadows Beef is a unique family business who built the business primarily using online and social media platforms.  They specialise in suppling New Zealand consumers’ grass fed premium beef, where you online, and delivered to your door in twenty four hours.  And their business has experienced tremendous growth over the last five years.  What started as an offbeat idea and working from home office is now having their own dedicated butchery and retail premises and offices.  So, welcome Nick.   Nick: Thanks Craig.  Thanks for giving me the opportunity to tell a little bit about our story.    Craig: No drama at all! . Tell us a little bit about your background and why you decided to go into business.   Nick: Well, my background was as a commercial lawyer for a few years both in Wellington and New Plymouth.  We as a family, I guess, back in 2012, decided that we wanted to add value to the products we were producing which was mainly meat or beef and as a way to, I guess, cement the family farm and those plans through a formal succession plan, we decided to launch an integrated pallet to plate business which is shipping products from our farm through our own channels and processing channels, as Craig mentioned, direct consumers New Zealand wide through the different channels we utilise it at supermarkets, restaurants, and caterers and of course, direct-to-market through online sales, which is our biggest growth part of the business.   Craig: So, you’ve mentioned that you were a lawyer and then from a lawyer to an entrepreneur, it’s not a traditional path, was it your idea to do businesses with family?  How did it all sort of evolve?   Nick: Yeah.  Evolve is probably the right thing to say.  It was my father’s idea to try and market the products.  Obviously, we soon recognised online was a much easier path than let’s say the traditional paths of standing at farmer’s markets or carport sales or whatever it may be where other people are maybe trying to sell similar products.  So it’s at that time, all of us, I’ve got two siblings.   We all became involved to help form a plan to get the products to market and I helped here on the side with development and branding and things and arranging all of that and then once we launched the business, it became pretty evident that I wouldn’t be able to continue in my day job and helping out with the business.  So it was about, I guess, 3 months in that I gave up…   Craig: Oh, that quick! Yeah.  Yeah.   Nick: Yeah.  Yeah.…full-time paid employment to jump into the business.   Craig: To be poor for a couple of years.    Nick: Yes!  Yes!    Craig: [laughs]   Nick: Forever.    Craig: Forever.  [laughs] Yes!  Yes!  So, when you started, obviously, it was just quite a bit different and there’s a new concept.  Get away from the farmer’s markets or selling to a wholesaler, direct….did you guys do any market research and that actually work out where you had a legitimate market and business…   Nick: Uhm…   Craig: And what are the problems you’re solving which are and I suppose were time saving and ease for the purchaser, wasn’t it?   Nick: That and also quality and provenance.  So those are I guess the 4 key messages or key problems we’re solving for the consumer.   Craig: Yeah.  Yeah.   Nick: In New Zealand, at that time, there was a limited range of producers doing what we were doing.  Certainly that landscape has changed now and more and more are coming on board to be…whether it’s in meat or other ___ farm products or whatever.  The launch of things like MyFoodBag and you know and the whole…   Craig: Which is wildly successful.   Nick: Exactly.   Craig: Yeah.   Nick: And a great example of success in this market.   Craig: Yeah.   Nick: So I guess in…when the business was in its infancy, there was only a couple of competitors in New Zealand.  I don’t even think Countdown had really launched their…   Craig: Right.   Nick: Online sales at that time so obviously, we’ve noticed a big shift in the market and people being far more open to purchasing food products online.  So, with our research, it was really based on looking at producers in Australia, the United Kingdom, and the United States, seeing what they were doing, what offerings they had.   Craig: Yeah.   Nick: And obviously, because we…we were selling online, just online only at the start, it did allow us some chance to scale as time went on so there was no pressure of having products ready to go with no markets.   Craig: Yeah.   Nick: So I guess, we…we are currently on to building website number three.   Craig: Right.   Nick: So there has been multiple chances to refine the offering based on our own learnings…   Craig: Yeah.   Nick: Rather than…than doing too much…   Craig: Yeah.   Nick: market research at the beginning, I guess, which  potentially a pitfall…   Craig: Yeah.  But…   Nick: that were fallen into but we’ve been lucky that we’ve been nimble enough to be able to adapt that offering to…   Craig: Yeah, yeah, yeah, yeah…   Nick: to see that…what does that mean?   Craig: Yeah.  Oh, it’s a case sometimes of getting that ___ to market and then work out having to… and having to tweak everything on the way, isn’t it…   Nick: Exactly.  We’ve started out in our industry selling bulk frozen packs and delivering it via the chilled or frozen trucks…   Craig: Yes.   Nick: all over the country where it could take anything from a week to two weeks.   Craig: Right.   Nick: To be delivered to the model that we have now and it’s evolving as you can customise and pick and choose your own products…   Craig: Yeah…   Nick: …and it’s delivered the next day, chilled via courier, so…   Craig: Yeah.   Nick: You know, there’s different challenges that come at you and one of that for example was the freight company telling us, “No, we’re no longer gonna deliver your frozen meat packs.”  So…   Craig: Oh, is that right?   Nick: So your business if often forced to change…   Craig: Yes.   Nick: …which can obviously lead to better results…   Craig: Yeah.   Nick: …because the consumer appreciates…   Craig: Yeah…   Nick: fresh produce versus…   Craig: Yeah…   Nick: frozen produce.    Craig: So there.  So tell us a bit more about the challenges and the learnings you had in those early years and maybe also the challenges you’re facing now and how that evolved?   Nick: Definitely.  I guess the critical challenge for us been the price of our raw materials.   Craig: Alright.   Nick: Just to put them in a little bit of context and background, we run the farm as a totally separate business from the meat processing…   Craig: Yeah.   Nick: Different governance, different advisers, everything and we thought that was a critical distinction from a…   Craig: Uhm…   Nick: …a governance point of view particularly in the family situation so that we had two separate business which were hopefully, hopefully independent of each other, both supporting…   Craig: Uhm…   Nick: …themselves.  So…   Craig: Also that.  I guess it also helps with succession planning too.  Exit strategy is one [incomprehensible]…   Nick: Exactly.  And obviously that’s what we’re focusing…   Craig: Uhm…   Nick: The meat processing business now is taking on a life of its own with contract manufacturing…   Craig: Yeah…   Nick: …and things like that so…obviously anytime, I mentioned it at the start that the farm is very much part of the succession plan but if there were something that caused the farm to go, well, we’ve got another business…   Craig: Yeah…   Nick: And vice versa, we could always onsell the meat processing side of things.   Craig: Uhm…uhm…uhm…   Nick: …and keep the farm…   Craig: That’s right.   Nick: But so…part of it is that the farm must obviously make a profit…   Craig: Yes…   Nick: So we have to purchase the animals that we’re using through the Green Meadows Business from the farm at the prevailing market rate…   Craig: Yes…   Nick: Over the last three to four years, that price of raw materials has almost doubled…   Craig: Oh sh….   Nick: Without a corresponding rise in meat prices at the consumer end…   Craig: Yeah…   Nick: There’s still a certain barrier at the consumer end as to what a sausage or whatever may cost so I guess that’s been the critical challenge that we’ve face and we’ve had to really adapt and change our product offering.  So…   Craig: So what’s driven the price of the raw product up?  Is it the price on the farm to produce that product?   Nick: No, it’s the price that it can otherwise be sold elsewhere...   Craig: Oh, okay.   Nick: So, export demand, primarily out of the U_S where ground beef, easier ground beef is exported…   Craig: Okay…   Nick: …to the U_S and it’s been in quite high demand in particularly out of China as well…   Craig: Right.   Nick: So, depending on what’s happening in those markets, I’m assuming we’re seeing an easing off in the United States at the moment on demand which, of course, is then having a…   Craig: Yeah…   Nick: …a correlation back to farm gate prices here.   Craig: Cool…   Nick: So I guess with that challenge, we learned quite a lot and kind of like it’s focused a lot on what’s happened in the business so there are a couple of points off the top of my head…   Craig: Yes…Yeah…   Nick: I guess the role of governance and the value of the right independent advice has been a critical things that we’ve taken from it, I guess the information we’re pulling out of the business in terms or accurate and timely…   Craig: Yup…   Nick: …business information, technology and how scalable that is, what machines can really make our day better…   Craig: Right.   Nick: Versus culling out some of those manual processes, cause obviously, bearing in mind making food can sometimes be a relatively manual process…   Craig: Yup!  Yeah…   Nick: And then it all comes back to achieving a profitable core business before evolving into other paths.  So, we’ve really focused over the last year or two on what is our core business, how to make it profitable before launching into some other opportunities as well.    Craig: So how do you take yourself out of the business to work on the business around those things you just…   Nick: Yeah, well, as the businesses continue to grow, we’ve been able to put staff into roles that I was otherwise doing, so for example, we’ve just taken on an operations manager who is handling most of the day-to-day production and supply side of the business whereas I’m just handling the demand side and obviously everything else.  So the finances and working on the business so, I guess that’s been a good learning is getting the right staff on board, making sure that they have clearly defined roles and responsibilities and reporting lines so that that then frees you up to do as you say, “working on the business,” and growing it.  So we have that clearly…clear definition of okay, operations manager was gonna focus on the supply side and production, I was gonna handle the demand, so that’s where my focus is now…is on the demand side and when you’ve got the right people and the right positions, everything is fine and it works well.    Craig: So, you’ve gotta run on a fierce podcast business and about staffing.  How’d you go and find the right staffing?  How’d you know?  Do you know?  [laughs]   Nick: I guess, that’s a good question, “Do you know?”   Craig: Cause that’s critical, isn’t it?   Nick: It is and we are fortunate that in nearly 4 years, we’ve retained all our staff which I guess, obviously speaks of our environment also.  The direction that we’re pushing the company.  It…it’s…I guess it comes down to clear jobs…just clear job descriptions when you’re going so you know exactly who you’re looking for so when you find them, you know, they tick all the boxes and utilising the benefit of networks because all of our staff have been knowing to….   Craig: Someone…someone…   Nick: Yeah.    Craig: Someone who knows somebody…Yeah…   Nick: Exactly, so now I’m doing that thing with cold hires but I can see that the next thing we’re already looking for our next staff member, which is scary…   Craig: Yeah…   Nick: But I can see that that will be a cold…a cold hire so I guess that will come down to getting clear…clear pre-employment checks and questions and also making sure they’re the right fit for the…   Craig: thing…   Nick: Exactly.   Craig: Cool.  Awesome.  So, you have used a lot of online tools and platforms that you’ve touched on before to build the business to where it is.  Tell us about the strategy and has that changed over the years and if so, how or….yeah…   Nick: Yeah…It’s a different __part obviously with online selling.  You wanna connect with customers in real time and I guess social media in particular is great for that.  We’ve primarily used Facebook and Twitter for the connecting with people and building an audience at the beginning.  I guess how that’s changed is we’ve now moved from just connecting with customers and building that brand and that relationship through the more paid advertising now.  So we do a lot of online marketing in terms of ECO and pre marketing and also direct marketing through the likes of Facebook.  So, I guess it’s building a network and a platform, which would then turn into an opportunity to market, so…   Craig: Did you do all that in-house, or do you outsource it?   Nick: We did start all that in-house but now I’ve outsourced it.  We have a marketing consultant who works remotely for us, who handles all that ECO and ECM marketing.   Craig: And what about all your Facebook engagement?  Cause I know when you first start your business, you’re massive on engaging with your audience, you do a lot of that at the start.  Is that still done in-house?  Or…   Nick: It’s still done in-house and obviously that’s been one of the challenges I found is that I handle that role as the businesses grow, keep it…personal, and keep it relevant and keep it fun which is how we engage with our customers and perhaps that’s something I could be doing better.    Craig: [incomprehensible]   Nick: I think as we came and set the so high with using that as a focus, it’s kind of…you can easily fall by the way, so…   Craig: That’s so much of a big challenge, isn’t it because that’s how you built the brand and showing you some of the loyalty stats.   Nick: And I’m definitely seeing that with other influences that I follow that they came out with a good solid two years of social media engagement and then now it’s sort of dropped back…   Craig: Yes…   Nick: And I don’t know whether that’s just the maturing of the market and there are a lot of these platforms now and monetising, they’re successors, so it now makes it difficult to instigate…seen whereas in the beginning it was relatively easy but I think you raise a good point about engagement because a lot of the focus on social media a few years ago was all about content and posting the right sort of content but now, I know a person who writes and used to podcast a lot of Facebook.  She said that content is king but engagement is queen and she rules the house.   Craig: Yes…   Nick: And it’s sort of something that’s always always stuck with me because you can have great content but if you’re not getting anything back from the people you’re publishing it to, what’s the point?   Craig: Yeah, you could have 100,000 followers but if you’re not engaging them, what’s the point?   Nick: Yes.  So I think, you know, that’s a key thing to keep it at the back of your mind because it’s not a question of numbers because it’s like you said, it’s how they’re engaging.    Craig: You said when you sell your products you use Facebook and Twitter, yet have you tried the other platforms at all?   Nick: We do have a little bit on Pinterest, obviously we’re in a food business and Instagram, but it’s again, it’s the challenge of maintaining everything.  We do use a lot of third party tools to push the marketing side of things which we find works well and we obviously into the day to day side of things prefer to use online tools for managing the business, whether it be accounting software, our website is all run on a third party CMS which is obviously cloud based and what else do we use in the cloud?  Design tools and everything like that that’s all accessible now which really help (a) cut costs and (b) get things done.   Craig: So what do you enjoy most about being in business?  What strokes your ties?   Nick: Tough question, but I guess it’s with building something from the ground up and seeing the evolution it’s having the chancing to leap at success.  There are days obviously that I don’t enjoy leading.    Craig: You wish you were a follower there mate? [laughs]   Nick: Yeah.  Exactly.  When you bring in HR and customer issues and things like that.  Obviously, you want to do a good job, whether it be your staff or your customers but I guess that’s the critical thing is having that chance and opportunity which I do feel fortunate for that you know, we’re in a position that I was able to leave my fulltime employment to follow something which I could see working and it…with just a few challenges and refinements.  We’re now well on a path to making a success.    Craig: Yeah.   Nick: So that’s pretty special and something that I hold dear and try not to abuse really but it is a bit of a privilege to do this so if I can keep looking at it like that, then it’ll keep me focused and also keep me grounded.   Craig: Grounded, which is what New Zealand ___ is all about.  Cool, you hear that?   Nick: Yeah, I guess we at the start to kinda pushed the business and I do believe in it is we did a lot of PR work which is obviously the opposite to the grounded because you’re having to put yourself out there and tell your story and that can be difficult at times especially when you get…things like TV involved, so yeah, I think that’s a good balance to have.    Craig: So, ____ what have you learned from you know, five or six years ago, when you left the safe little confines of a lawyer’s office…   Nick: To me, just by one and a half years…whatever it was…   Craig: You were very structured and disciplined to doing this.  What have you learned as a leader?  Here, professionally and personally?   Nick: Yeah, I guess a couple of things, you do mean structure, I have very little structure in my life now.    Craig: [laughs]   Nick: Just by trying to plan things, you know, obviously things never really go to plan.  So that’s been difficult in terms of deadlines and things like that as I’m understanding how things work in the real world versus a lawyer’s world where 5 o’clock Friday was your excellent deadline and you wouldn’t dare go past 5 o’clock Friday whereas when you start involving perhaps creative types into the mix and deadlines can often extend.    Craig: Yes.   Nick: So that’s been one challenge for me personally and also from a managing or leadership type of thing.  Communication and understanding the importance of communication internally and externally and you can never really over communicate particularly with staff and things of concerns.    Craig: Yeah.   Nick: I guess that’s another that I’ve really learned is you spend a good portion of your day through communicating and it makes the day go so much better.   Craig: Yes.   Nick: But then it comes back to what I mentioned earlier about having the structures in place so that the rest of the team can function harmoniously while you’re communicating with them…the team…   Craig: Yeah.  And what about the family dynamic, isn’t that communications is key?  Sometimes, the family businesses, they can either go really well which is good or goes real bad because one of the first rules of business is don’t ever do business with family members, isn’t it?   Nick: It is.    Craig: Yes, back to the question.  Sorry about the rain everybody!  So I asked Nick about the dynamic of working with some family members.  One of the first rules of business is don’t go into business with family.  So I guess it has worked here.  From a leadership point of view, the communications point of view, have you managed that?   Nick: Yeah, it has been both a benefit and a challenge to go into business with family.  On a daily basis, I work with both of my peer, so on a day to day to basis, I mean, both of my brothers work externally from the business so two problems obviously, or challenges working with family day in day out but also having family interested in the business but not having the experience or benefit of seeing what’s happening day to day so we have pretty regular communications between in terms of what’s happening in the business, asking for feedback that they’re both very helpful and useful, these are my brothers who don’t work in the business.   Craig: Yeah.   Nick: But balancing that you also have a clear distinction of what’s business time and what’s family time because there’s always that tendency to make family time always business time and I think that’s critical particularly in terms of my own domestic situation as well, I’ve got a partner who doesn’t work and the person that’s end to end in terms of say my parents with their grandchildren and things like that.  It’s still got to operate in a normal situation and we are very open with each other so there’s never any issues in terms of overstepping lines or boundaries.   Craig: Yeah.   Nick: And I think it’s really important that everyone gets their chance to have a say but at the end of it, we still sit down for dinner.   Craig: Yeah, yeah, yeah.  Cool.  Cool.  So you’ve always had external professionals and mentors for your business and I believe now you’ve got a Board of Directors and an independent director tell us about what made you decide that you needed this and the benefits of using these strategies and advise that is out there around using mentors or Board of Directors, etc.    Nick: I guess one of the critical thing is finding the right advice, independent advice and it can be a struggle at times, so I guess what I sort of found is keep persevering until you find exactly what you need at that particular time and your levels of advice and who can advise you changes as the business continues to change…and…   Craig: Evolves.  As the business evolves…   Nick: Exactly, so I think the best thing you can do is get out there and take advice as step one but then if you’re not getting the right sort of advice is going out and looking for some different advice.   Craig: Yeah.  Yeah.   Nick: So, we’ve had, as you mentioned, a range from formal strategic planning with our accountants through the business mentors through to now an independent director who I work with closely on a daily basis and they’ve all had their uses and purpose but having an independent voice daily looks like some of the skill gaps that we have or that I have as well is really important and I guess that’s what I see the benefit…the main benefit of the independent board is to plug the skill gaps and I mean we are looking now at maybe bringing another independent onto the board who has some different skill set that none of us have secure around dealing with marketing to the end consumer…   Craig: Right.   Nick: And events cg and things like that so it’s…   Craig: So it’s skill gaps or experience gaps?   Nick: I guess both are incredibly relevant because you get the skills from experience so I think yeah.  I think both are intertwined.   Craig: And you said before that when you first started out your sort of a range of advisers, I mean, it’s the right advice.  When you start out were you ever nervous and scared about what’s going on.  So how do you know if you get some right advice?  If you’re speaking to for example an accountant and they say you should be doing this strategy, how do you know, is that the gut instinct or it is…how do you know if it’s the right one or the wrong one?   Nick: Yeah, it’s a good question because I guess when you go into business you’re always confident and pigheaded and you don’t really wanna take advice.   Craig: No.   Nick: And then to sit over the table with someone and, no offence when you’re listening to maybe to sit over the table with someone, no offence to any listeners who may be in the accounting profession or something.   Craig: Someone’s profession…   Nick: Who’s telling you you’re doing this wrong, you’re doing that wrong.  You know, it can be difficult so I think it’s not a case of knowing or choosing what that right advice is at the start but getting a lot of advice and really going out there and getting as much in as you can and taking bits and pieces from different sources to kind of form that plan because you and only you, I guess will know exactly how the business is going internally or what your dreams and goals and things are but it does help to get as much advice from them.   Craig: So that could be what we’ve talked about accountant, but there could be other business owners that could be lawyers, other professionals, and that’s where networking comes in, isn’t it?  You realize that when you network, you understand that same…your peers to having the same issues you have even if they might be in a different industry.   Nick: Exactly and as many people you can speak to as possible.  You know, whether it’s just a friendly ear or someone that you admire, in your industry or a different industry.  It can be really beneficial to have that engagement.    Craig: Awesome, so the benefit of hindsight, we all do this.  What would you do differently?   Nick: Hindsight, oh yeah, it’s a great thing.   Craig: No, it’s not.  It’s a terrible thing!   Nick: I guess that’s one thing our plan is not to dwell too much on the past.  We do a year review the end of each year and pick out the points of what went good and bad and then put it together and then don’t really dwell on it too much because again, it’s what you’re looking into the future that really controls things.  So I guess with hindsight, what I would do it has been more of a focus on margin analysis in our business, so which products work well, where we can extract the most value and also a better handle on cash flow and budget so that financial side of the business from the get-go.  I spend a lot of focus now on cash flow and planning cash flow a couple of months in advance and…   Craig: So you turned into an accountant?   Nick: Yeah, well, I…   Craig: [laughs]   Nick: I think maybe I’m turning into an accountant but that was a chance to really tighten the skill gaps that I had.   Craig: Right.   Nick: In the financial management side of things and now that’s one of our strengths where a lot of similar sized businesses I see don’t have a handle on cash flow, which in my business, can actually be quite difficult with online selling because we don’t know when people are gonna bulk buy meat packs and what’s gonna happen which is why we’ve diversified the business from just straight online sales to other traditional sales so that we’ve got consistent cash flow coming in.   Craig: A little bit of advice to people.  Look after your cash flow and mind your  budget, sounds like you’re good at. A couple of hours a week takes to analyse what else has happened that week which is critical.    Nick: I guess that’s one thing that having an independent director allows me to do because we have a phone call every Friday afternoon, which…   Craig: Hi guys, so from your experiences, what are some of the mistakes that you see business owners are making.  So, we talked a little bit about cash flow.  Anything else that…   Nick: Yeah.  I guess, something a little different and that I can see out there I see is that they are content both in terms of their businesses and their industries and not pushing their boundaries and or doing the… trying alternative ways to do things and obviously in the retail side of things.  I guess something else I am saying is people being content in terms of their…inside their businesses and in terms of marketing their businesses as well so obviously, the example is that the evolution of online selling and the effect it has on traditional purchasing, and brick and mortar stores and it kinda seems like…to some of them that it’s come out of nowhere whereas the evolution of online selling has been happening in time over the last ten years or so.  So I think, I see that both as established businesses and the traditional business being content can often come back to hurt them later on.  So, i mean, that’s something else we noticed and why we’re doing things differently as well.   Craig: So, the moral of the story is don’t be scared of pushing the boundaries and thinking outside the square box, just give it a go.   Nick: And also staying on top of things and not just resting on your laurels because you don’t really know what’s around the corner.   Craig: Don’t be scared of what’s around the corner.    Nick: Yeah.  That’s just saying a little bit no matter how established you are.   Craig: So is that the sort of advice you’d give to…if you were to mentor for a better general word, either both established or a startup…what other things would you…   Nick: Yeah, it’s different keeping on top of thinss, looking overseas, seeing what’s happening whether you’re selling shoes or cats, or whatever.  It’s…there’s a lot to…we’re fortunate in this part of the world that we’re a little behind as well.   Craig: Yes, yes…I was gonna ask that.   Nick: So, it’s kind of a good thing I think for us because we can have a look and see what’s happening overseas.   Craig: You think sometimes, people fall into the trap of going overseas either to Europe or America, seeing something, trying to do it New Zealand but they’re too soon   Nick: And obviously given our market size as well as the other key issue here, and also how spread out the market is.  It’s a long way from the top of the North Island to Steward Island.  Yes, I know, I definitely think that’s true and that’s where the difficulty, I guess comes in with what I just see is…do you become an adopter or do you follow…   Craig: Become second tier.   Nick: Yeah and there’s lot of risk, in obviously going out and being an early adopter and it falling in your face which…   Craig: But then fortune favours the brave and…   Nick: But again coming back to what I mentioned earlier on in the podcast is that’s where you’ve got a profitable and sustainable core being you’ve got those opportunities to go out and expand and you’ve still got that core business to I say loosely, to fall back on but you know…   Craig: Yeah.  To pay the bills…   Nick: Yeah.  Yeah.   Craig: Yeah.  Cool.  Awesome.  And so where do you see your industry going in the next five to ten years?   Nick: Yeah, well in the markets, the direct food market, there’s differently more choice for quality and more relationships with…between consumers and producers so I definitely see that as an important step in what we’re trying to stay ahead of because people increasingly do want to know where their food comes from and how it’s produced and what’s going on so I think it’s only gonna get more and we’re gonna see return as one kind of crystal ball return to a lot traditional ways of doing things because the end user or consumer’s putting a price on all those so in our case, it’s manufactured products and more real products and people are prepared to pay more even though it costs more to produce but that’s where I see it headed.   Craig: Alright.  Cool.  Awesome!   Nick: And you’ll be more disrupters, I’ve already talked about MyFoodBank and seeing markets online so we find those disrupters coming into the market so I guess, listening to my own advice that’s where I need to stay ahead of and say exactly what’s happening in the market and what trends are coming up.   Craig: Awesome.  Awesome.  Hey Nick, we’ll wrap it up.  Thanks very much for your time.  .  How do we find you?   Nick: Yeah so we are an online business.  Our website, so you can check out our products at greenmeadowsbeef.co.nz and find us on Facebook, Twitter, and Instagram with our page will get you there.   Craig: Awesome!  Right.  Thank Nick!  Good stuff!   Nick: Sure!    

Where There’s Smoke is a year old and as Brett & Nick bounced around several themes for the anniversary show, everything kept pointing back to one idea: work. Yup. Work is both hard... and awesome. So this week they explore work. First, Nick shares Ira Glass’ concept of The Gap - a precarious place to be for anybody looking to accomplish something new. Then, Brett explores the word ‘Work’ itself and how it inspires us to keep going. Plus our first midroll in ages, and of course, WTSdigs. * * * Hey, we want to hear your thoughts and feelings on Year One of Where There’s Smoke. Send an email to connect@wheretheressmoke with your responses to some or all of these questions? What is…? Your Favorite In-Show Moment so far. What is the Best Advice/Insight you received from a Guest. What is Your Favorite Episode and Why And, if true for you, how has an episode of Where There’s Smoke, or the show as a whole, positively impacted your life? * * * If want to support the show and help keep it going, please check out Support WTS.com for our Patreon campaign. Also, help others find the show by LEAVING AN ITUNES REVIEW! Thx. Connect with the show on Facebook: www.facebook.com/wtspod and Twitter: @exploreWTS. * * * Watch Ira Glass discuss the Gap https://youtu.be/BI23U7U2aUY See More on David White’s Consolations http://www.davidwhyte.com/consolations.html   Links from WTS DIGS: Brett: My Dad Wrote A Porno   Nick: Just tweet him at @PodcastMonster with your #EmptyiPhone recommendation! * * * JOIN our MAILING LIST by texting the word SMOKE to 66866, or go to our website (www.wheretheressmoke.co). DOWNLOAD & LISTEN directly from iTunes here: http://tinyurl.com/wts-itunes Find us on Pocket Casts here: http://pca.st/smoke You can also go to www.wheretheressmoke.co for links to Stitcher, SoundCloud, and/or to stream online.