Chris Powers: Real Meaning & Real Estate - Outside Insights
Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses
Why You Shouldn't Promote a Vice President
"I made a lot of the same mistakes. And I see a lot of small business owners making the same mistakes," he said. "It's like, okay, you all will all be vice presidents. That really screws up things down the road."
Chris Powers (Fort Capital) joins Brent Beshore & David Cover to talk about almost losing everything, what changed his life and business for the better, building exceptional teams, the critical importance of real friendship and support, knowing where you’re going to provide the most value and find satisfaction, and prioritizing an operator’s mindset in the face of challenging conditions.
LINKS & MENTIONS FROM THIS EPISODE
Capital Camp https://www.capitalcamp.com/
Fort Podcast: https://pod.link/1410549811
Fort Capital https://fortcapitallp.com/
John Marsh https://www.linkedin.com/in/john-marsh-1576069/
Sacred Pace by Terry Looper
Purpose Driven Life by Rick Warren
Permanent Equity’s 2022 Annual Letter https://www.permanentequity.com/writings/2022-annual-letter-15-years-in-the-trenches
CONNECT
Chris on twitter https://twitter.com/fortworthchris
Chris on LinkedIn https://www.linkedin.com/in/chrispowersjr/
Brent on twitter https:/https://twitter.com/BrentBeshore
Brent on LinkedIn https://www.linkedin.com/in/brentbeshore
David on twitter https://twitter.com/DavidACover
David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/
Visit https://www.permanentequity.com/ for more
Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter
Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions
TIMESTAMPS
0:00 Intro
0:25 Getting Marshed at Capital Camp
2:38 What You’ve Learned From Doing The Fort Podcast
4:10 Who Is Chris Powers & Why Brent Didn’t Like Him
6:35 What Led to Your Radical Transformation?
15:40 How Has Your Life & Business Changed?
19:00 Has the New Chris Lost His Edge?
20:07 What’s Led to Fort’s Success?
22:56 Why Fort Struggled from “The Me Show”
26:55 How to Raise More Capital
29:18 Market Takes & Real Estate
35:32 The Nitty Gritty of Fort’s Operations
38:50 Biggest Mistakes
48:00 Lighting Round Hot Takes
54:50 The Responsibility of Being Wealthy
57:00 Building the Life You Want
1:01:26 What’s Next?
1:03:26 Legal Disclaimer
EPISODE CREDITS
Produced by David Cover
Additional editing by Bill Pollock
Intro music by David Cover, Andy Freeman, Rhett Johnson, & Andrew Luley
Outro music by Jees Guy
WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT
Visit https://www.permanentequity.com/ for more
Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter
Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions
Check out our other podcast episodes here: hhttps://pod.link/1480383949
LEGAL DISCLAIMER
This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.
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