
The Fort
Here, we uncover the proven strategies, insights, and inspiring stories of today’s greatest leaders in the worlds of business, real estate, entrepreneurship, and investing. Each episode’s mission is to help you to level up your entrepreneurial game by hearing directly from the men and women in the arena. Chris is able to uniquely uncover things not commonly discussed because he is an entrepreneur himself. We not only cover business, but we also cover the personal side of entrepreneurship.The Fort began in 2018 as a way for Chris to publicly explore the fascinating world of entrepreneurship. Since he was a child, he’s been characterized as obsessively curious about the world around him. The Fort has now been downloaded over 2M times, across more than 50,000 unique listeners.Each week features conversations with entrepreneurs, Founders, CEOs, and Executives from some of the leading companies in America. Past guests have represented companies such as JLL, Hillwood, S2 Capital, Chick Fil A, Morning Brew, Founders Podcast, Tiny Capital, Permanent Equity, Fort Capital, Matthews REIS, Bonobos, and ConvertKit.🐦 Follow Chris on Twitter: www.twitter.com/FortWorthChris💡 Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/📹 Subscribe to The FORT on YouTube: https://www.youtube.com/@FORTpod
Latest episodes

Sep 6, 2022 • 1h 2min
#239: Mike Vellano - Founder & CEO of Vortex Companies
Mike Vellano is the CEO of Vortex Companies – a trenchless technology company focused on water and sewer infrastructure. As CEO and Founder, Mike's primary focus is fulfilling the corporate mission and ensuring Vortex delivers on its promise of being a solutions-focused, cost-effective trenchless products and services provider ranging from consulting and project management services to the delivery of products, training, and installation. Formerly, Mike was Vice President of Sales and Marketing for one of North America's largest privately held trenchless underground contractors. His primary responsibilities included overseeing all business entities' sales, marketing, and product development functions. He was also in charge of forging strategic business alliances as part of the company's vision of providing its customers with the widest selection of environmentally friendly, trenchless underground repair solutions. During his five-year tenure, Mike used his vision and leadership to help measurably grow the company's revenue. From 2001 to 2009, Mike worked for Albany, New York-based Vellano Brothers, where he rose from the ranks from local Branch Manager to Vice President. He helped streamline operations, grow accounts, and increase sales exponentially during his tenure there. Mike resides in Houston, Texas, with his wife Lettie and two daughters. On this episode, Chris and Mike discuss: What trenchless technology is, why it's essential, and what markets the technology serves. A fantastic story of how he built his company, took on private equity, and continued to acquire company after company. Lessons learned from integrating each company. Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Vortex: https://vortexcompanies.com/ (2:36) - Mike’s background & career (4:54) - What is the ‘Trenchless’ industry? (9:50) - Are your customers government contractors or private companies? (10:54) - How old are some of these pipe systems and how much has their design changed over the years? (14:23) - Is there anything Trenchless can do for a city like Austin? (17:04) - Are there areas in the US where your business typically does better? (21:08) - How did you build Vortex? (29:48) - How did you finance your way to $40mm in Revenue? (32:25) - Do you operate as a Holdco or does every acquisition get rolled up under the Vortex brand? (35:34) - What mattered to you when finding capital partners? (44:44) - What’s your playbook for integrating new acquisitions into your company? (49:01) - Do you care if the leaders of an acquired business stay or post-close? (50:27) - How much impact is the Russia-Ukraine situation having on your business in Europe? (52:25) - Does your technology scale well into residential? (53:25) - Why do you think executives have it easy? (54:28) - How do you see the labor market over the next 20 years? (57:56) - Why is family so important to you? The Fort is produced by Johnny Podcasts

Aug 30, 2022 • 1h 15min
#238: Wolf of Franchises (Twitter Anon) - Breakdown of the Franchise Industry
Twitter Anon "The Wolf of Franchises" aka @franchisewolf on Twitter, is an expert in the franchise industry. The Wolf of Franchises is a franchise industry professional who has helped match top franchise brands with competent owners and operators and source emerging franchisors for investment opportunities. The Wolf is currently building a media organization via Workweek; an Austin-based media startup focused on empowering individual creators. Through The Wolf's newsletter, podcast, and website, he aims to be the most trusted and transparent (as well as entertaining) resource for information on franchises. On this episode, Chris and Wolf discuss: An in-depth analysis of how franchising works What makes a great franchise business How to create a franchise Years of lessons learned from the franchise industry Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Wolf of Franchises on Twitter WolfOfFranchises.com WorkWeek Franchise Empires Podcast - On Apple - On Spotify Spaulding Decon American Family Care The Joint In N Out on Expanding East of Texas Sun Holdings The Flynn Group (1:13) - Building an anonymous Twitter account (4:19) - How are you building a business around your Twitter account? (6:27) - What is a franchise? (9:03)- How does a business owner convert their model to a franchise? (11:19) - Is there a certain level of stores you need to have before a franchise makes sense? (12:29) - How long does it take to put the business on paper that’s ready to franchise? (13:26) - What big questions should franchisees be thinking about as they go through the process? (16:20) - Are a lot of the people applying to be franchisee’s first-time operators? (21:05) - How would you structure a franchise deal? (24:13) - Is it upon the franchisor to determine the size of an operator’s territory? (25:43) - The Subway Franchise Model (27:43) -How do Franchisors vet potential franchisees? (30:46) - Is there any data on the franchisee being a passive owner vs. working in the business? (33:46)- How do you typically finance a new franchise? (35:40) - How do you do due diligence on a franchisor? (38:30) - How long is the typical franchise agreement? (39:47) - What does the agreement look like when a franchisee approaches a franchisor with a buyer for their locations? (44:23) - What franchises do you love if you were going to go buy a franchise? (50:59) - Are there any tips for finding the right location for a customer-facing franchise? (52:30) -What would you stay away from? (55:08) - What’s the craziest business you’ve seen become a franchise? (55:58) - What’s the best healthcare franchise? (57:53) - Does Real Estate play into someone’s decision to get into franchising? (59:34) - How does an operator get a franchise into a new state? (1:02:37) - Why wouldn’t franchises with cult followings like In-N-Out be in every state? (1:04:16) - Is the nightmare scenario a Franchisee is doing really well but a Franchisor is screwing it up? (1:08:46) - What’s the best way to buy out a franchisee? (1:10:34) - Who’s the largest franchisee in the country? The Fort is produced by Johnny Podcasts

Aug 23, 2022 • 1h 24min
#237: M. Stanfield (Twitter Anon) - Investing in America's Most Challenging Affordable Housing
Twitter Anon M. Stanfield aka @mu2myoc on Twitter is an expert in affordable housing. Over the past 18 months, his firm has acquired $200M+ in affordable housing projects in Texas. They buy distressed value-add deals and spend a pile on CapEx. Before launching his own fund two years ago, he had developed over 3,000 units of affordable housing in multiple states. Prior to that, he was an affordable housing broker. On this episode, Chris and M. Stanfield discuss: An in-depth analysis of the affordable housing industry and how it operates. Stories as a landlord of some of America’s toughest affordable housing communities. How his firm creates value and win/win situations for all involved. Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ M. Stanfield on Twitter M. Stanfield's Newsletter (1:47) - The culture around people living in low-income housing (13:06) - What are you buying and what issues are you walking into when looking at a deal? (17:26) - Low Income Housing Tax Credit process (22:18) - Thoughts on Section 8 housing (32:30) - What drives you to work in this asset class? (39:41) - Serendipitous opportunity vs. “working for it” (43:59) - How do you turn these properties around from a physical perspective and a resident perspective? (54:58) - Is there any real solution to helping low-income housing? (59:40) - Re-tenanting a property Twitter Questions (1:09:20) - What 2-3 levers can you pull that drive 95% of returns? (1:16:07) - What’s your take on the market right now? The Fort is produced by Johnny Podcasts

Aug 16, 2022 • 41min
#236: Jilliene Helman - CEO of RealtyMogul - Real Estate Crowdfunding
Jilliene Helman is the Founder and CEO of RealtyMogul, an online real estate marketplace that gives everyday investors access to institutional-quality commercial real estate deals in dozens of markets across the country. Since 2012, RealtyMogul members have collectively invested over $850 million into $4.7 billion of real estate nationwide (as of March 31, 2022). Jilliene holds Series 7, 24, and 63 investment licenses and is a Certified Wealth Strategist. She’s been featured as an expert on startups and real estate investing on Bloomberg, CNBC, The New York Times, Yahoo! Finance, and Entrepreneur. On this episode, Chris and Jilliene discuss: A 10-year overview of how crowdfunding has evolved and the tailwinds driving it Building a two-sided marketplace with sponsors and LP’s. How crowdfunding works from a high level What to expect from the crowdfunding industry over the next decade. Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ (2:02) - Jilliene’s career and background (4:48) - What did crowdfunding in the RE space look like when you got started in your career? (8:29) - If you had to go start a new 2-sided marketplace today, would it be harder to do? (11:47) - Was there an inflection point in the industry where crowdfunding became more mainstream? (15:07) - How distributed is the money coming from crowdfunding? Are there ever a couple of individuals that carry the bulk of a fund? (17:20) - What’s the path forward to become a top brand name over the next decade? (20:12) - Is there any agreement that states the LP needs to go to you instead of the GP for questions or investments? (21:39) - How do you approve and vet sponsors? (24:57) - Have you seen institutional or family office capital get into crowdfunding? (25:55) - How do your REITs work? (29:09) - Is the push to have a more built out secondary market for LP’s something on your radar? (30:55) - How do you approach Capital Call situations? (33:24) - What data are you looking at to prove the massive tailwinds for crowdfunding? (35:33) - Do you have to own a controlling position in the LP stack? (36:17) - How are you seeing most people show up in a deal? (37:44) - What’s something you think deeply about that you want to see in the industry? The Fort is produced by Johnny Podcasts

Aug 9, 2022 • 1h 18min
#235: Steve Robinson - Former CMO of Chick-Fil-A - 35 years of Timeless Lessons Learned While Building an Iconic Brand & Culture.
Steve Robinson is the former CMO of Chick Fil A. and is currently a consultant, author, and speaker on organizational culture design & leadership, brand strategy development, marketing planning, and distinctive advertising principles. He is the former Executive Vice President and Chief Marketing Officer of Chick-fil-A, Inc., 1981-2015. Before joining the company, Steve was the director of marketing for Six Flags Over Georgia theme park in Atlanta, Georgia. This role was preceded by marketing positions at two other Six Flags properties and communications manager at Texas Instruments. After beginning his career at Chick-fil-A as director of marketing, Steve went on to serve as vice president of the department before becoming chief marketing officer. In his most recent role, he was responsible for overseeing marketing, advertising, brand development, menu development, and hospitality strategies. In addition to serving on Chick-fil-A’s board of directors from 2016-2018, Steve serves on several boards for organizations and ministries, including FamilyLife, Fellowship of Christian Athletes of Atlanta, Links Players International, and Atlanta Hall Management & College Football Hall of Fame, and the National Football Foundation. He holds an associate degree in business administration from Faulkner State Junior College, a Bachelor of Science in marketing from Auburn University, and a master’s in advertising from Medill School of Journalism at Northwestern University. Steve and his wife, Dianne, have two children and four grandchildren. In this episode, Chris and Steve discuss Why every company should have a purpose for existing. Hint: it's used to make decisions ;) The incredible story behind Chick Fil A's growth and the thriving culture that got them there. Hire people through a lens that "you'll work with them forever." Chick Fil A cows, "My Pleasure", and more. And more! Purchase Steve’s Book here Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast (2:04) - How Steve got to Chick-fil-A (8:55) - What’s your response to the fast-paced hiring processes of today’s businesses? (11:37) - The purpose statement of Chick-Fil-A (23:21) - Why doesn’t every company have a purpose statement? (27:59) - What do you tell to already established companies who want to totally rebuild their culture? (32:09) - Do you have an example of a major decision that was made or not made based on the company’s purpose statement? (37:40) - Is there something different about today’s culture that would make a culture like Chick-Fil-A’s much harder to implement? (40:14) - Can selflessness be taught? (43:54) - Turnover is the #1 enemy of cultural sustainability (46:00) - How did the cows become the mascots? (53:41) - The CFA operator model (1:06:06) - The origin of “My Pleasure” The Fort is produced by Johnny Podcasts

Aug 2, 2022 • 1h 53min
#234: Ryan Broderick - Co-Founder of Darwin Homes - Building the Amazon of Single-Family Property Management
Ryan Broderick is the Co-Founder & CEO of Darwin Homes. Darwin Homes is a real estate investment management platform focused on the single-family rental opportunity, enabling investors to invest anywhere simply with confidence. Darwin has raised just under $50m in venture capital from Khosla Ventures, Camber Creek, Fifth Wall, Canvas Ventures, Tony Xu, Ryan Graves, Ryan Roslansky, and other technology leaders. Prior to founding Darwin Homes, Ryan was part of the founding team at DoorDash. During his tenure at DoorDash, he built and led the first Launch team, which was tasked with scaling the DoorDash operation from Silicon Valley to over 250 cities in the US. He then went on to build the Merchant Team responsible for Business Development, Sales, Merchant Products, and Merchant Operations. Before DoorDash, Ryan worked at JUMP Investors, an early-stage VC firm led by Randall Kaplan, the Co-Founder of Akamai Technologies. Ryan holds a B.S from the University of Southern California and an MBA from Pepperdine University. In this episode, Chris and Ryan discuss: Lessons learned from being early at DoorDash and how he applied those principles to property management How they enter a market and all that happens How they've approached single-family property management from first principles to building revolutionary tools for owners Future opportunities that can be done when Darwin hits scale, including new resident monetization strategies Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast (2:58) - Ryan’s early career with Doordash (16:40) - What was the initial thesis for Darwin Homes? (26:55) - What does scale give Darwin that the local PM will never have? (30:55) - What do you mean by the Surface Area in Property Management? (32:40) - What does a great engineering culture look like? (36:13) - How does the best idea win when you’re first building a product that needs to 10x? (38:58) - What happens from Day 0 of entering a new market? (42:22) - How do you source vendors in a market? (48:00) - What makes a good city for Darwin to enter? (49:22) - Darwin’s Build-to-rent operation (50:12) - Why do you have an acquisitions team within a property management company? (56:38) - Ryan’s vision for Darwin (1:01:30) - How big is the SFR & BFR market getting? (1:04:53) - What do institutional owners care about and what do retail owners care about? (1:08:11) - Are we moving to a world where people rent homes sight unseen? (1:11:38) - Resident Monetization (1:15:10) - Is there room for managing homes for homeowners? (1:19:31) - Do you have any desire to buy property managers in other markets? (1:21:06) - Are the people you’re hiring already in the PM industry? (1:23:11) - Thoughts on construction (1:27:03) - What are you seeing going on in VC given everything happening in the economy? (1:36:29) - Thoughts on Blue Collar work (1:47:19) - Shooting the shit and bouncing business ideas off each other

Jul 28, 2022 • 1h 28min
#233: Josh Young - Founder & CIO @ Bison Interests - The Macro Implications & Big Picture for Energy Markets - A Bull Case for Oil & Gas
Josh Young is the Founder & CIO of Bison Interests. Josh has built his career concentrating on deep value opportunities for investors. He has over 15 years of experience in investment management, 10 of which were focused on publicly-traded oil and gas securities. Josh became Chairman of the Board of RMP Energy in 2017. After refreshing the board and management team and rebranding the company (Iron Bridge Resources), it was bought out at a 78% premium in 2018. Josh is the author of numerous articles on oil & gas investments and the guest speaker at various energy industry conferences. He graduated with honors from the University of Chicago in economics. Josh was a management consultant to Fortune 500 companies and private equity firms, and then an investment analyst at a private equity fund. Josh worked as an energy investment analyst for a multi-billion dollar, single-family office, which was nominated as Institutional Investor's Single Family Office of the Year in 2008 On this episode Chris and Josh discuss: A historical overview of energy markets from 2014 - present Macro themes that are emerging in the global energy markets A bull case for oil & gas What it will take to rebuild the oil & gas industry in America Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow Josh on Twitter: https://twitter.com/Josh_Young_1 Bison Interests: https://bisoninterests.com/ (2:11) - Josh’s career and background (7:38) - How big is the investable universe of companies within Oil and Gas? (9:22) - Where is your focus within the industry? (10:54) - What was happening in the world after the crash in 2014? (20:54) - Are the Saudis the largest producers in the world? (21:18) - What do countries like Iran and Venezuela do with their oil when they are shut out of OPEC? (24:53) - What started happening in the market in 2015? (31:48) - As you think about that period of time, how much of it was driven by a lack of fracking knowledge? (36:25) - Market overview from 2018 through the pandemic (44:43) - How underinvested is the industry today? (52:25) - Thoughts on the ESG movement (1:00:39) - Is there anything on the horizon that the narrative around O&G will change either for the better or worse? (1:03:18) - How much impact is the Russia-Ukraine conflict having on the oil markets? (1:05:51) - What are your predictions for the next 4-5 years? (1:19:37) - Thoughts on the current O&G market The Fort is produced by Johnny Podcasts

Jul 26, 2022 • 1h 9min
#232: Apurva Mehta - Managing Partner of Summit Peak Investments - Deep Dive Into Current Venture Capital Landscape
Apurva Mehta is the Managing Partner of Summit Peak Investments. Apurva graduated with a B.B.A in Finance from The George Washington University. From 2001 to 2004, he was a Senior Investment Analyst for Citi Institutional Consulting in Washington D.C, where he focused on asset allocation and manager due diligence for endowments, foundation, and pension funds. From there, Mehta went on to become a VP at Lehman Brothers in the Investment Banking and Investment Management Divisions, focusing on Global Business Planning and Strategy until 2008. For the next three years, Mehta was the Director of Portfolio Investments at the Juilliard School in New York City. For the next eight years, he was the Deputy Chief Investment Officer at Cook's Children's Health Care System in Fort Worth, Texas, where he oversaw the management of the portfolio across all asset classes, including strategic and tactical asset allocation, investment manager selection, manager performance evaluation, and operational oversight. Additionally, he led the buildout of the Private Investment portfolio and spearheaded the Venture Capital program. Moreover, in 2012 and 2013 Mehta was named one of the "Top Forty Under Forty" by CIO Magazine and recognized as “Fresh Talent at the World’s Largest Asset Owners”. He was also named a “Rising Star” of Foundations and Endowments and a “Rising Star” of Hedge Funds by Institutional Investor in 2013. Currently, alongside being a managing partner at Summit Peak, Mehta is also on the board for Interstride. In this episode, Chris and Apurva discuss venture capital's current market environment and analyze Summit Peak's strategy for investing in Pre-See, Seed, and Series A Managers. They also discuss what will matter for starup's going forward and how valuations will be set, Paypal Mafia stories, and more. Enjoy! Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Apurva on Twitter: https://twitter.com/mehtaaapurva Summit Peak Investments: https://www.summitpeak.com/ (2:32) - What was your experience working at Lehman Brothers in 2008? (6:06) - Apurva’s career and founding Summit Peak Investments (7:40) - How have you chosen to approach Venture? (16:04) - What qualities do you look for in early-stage investors? (24:07) - What’s happening in the market & VC in your opinion? (39:55) - How often do companies need to renegotiate capital agreements when markets become volatile? (44:54) - Do you predict investors will only look for the most logically profitable businesses going forward? (49:39) - What’s happening in the world of Series-A, Seed, and Pre-Seed investing? (55:25) - What factors would determine a phenomenal seed company in this market? (58:33) - Thoughts on the PayPal Mafia (1:03:12) - What is your mindset heading into the next 5 years? The Fort is produced by Johnny Podcasts

Jul 19, 2022 • 1h 5min
#231: Brad Hargreaves - Founder & CEO of Common - Making housing more affordable through co-living and best-in-class property management
Brad Hargreaves is the Founder and CEO of Common, the nation’s leading residential brand that designs and manages multifamily apartments with more than 6,000 residents in over 10 markets across the country. On this episode, Chris and Brad discuss how co-living works and why it's more affordable, how Common works with owners and developers to drive returns and what makes for a great location/market when deciding to develop co-living. Enjoy! Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Common: https://www.common.com/ Brad on Twitter: https://twitter.com/bhargreaves (2:04) - Brad’s journey into co-living (3:17) - When did co-living get its label and become a true asset class? (4:33) - What does Common do & what is the definition of Co-living? (5:48) - How do your management & lease agreements work? (9:01) - Why are developers approaching you over traditional Property Managers? (10:57) - - How do you think about designing to separate yourself from other MF developers? (15:29) - What’s the trigger in these jurisdictions that gets you classified into co-living? (17:53) - SRO: Single Room Occupancy dwelling (19:46) - Why are jurisdictions somewhat against co-living? (21:09) - What makes a great market for co-living & how do you decide which markets to pursue? (25:56) - Factors that impact the viability of co-working (30:03) - Understanding the customer (31:38) - What’s your revenue model for a ground-up development? (35:47) - Who is the target customer for co-living? (41:05) - Are you furnishing the co-living units? (43:02) - How does the dynamic of 4 strangers living together work? (47:38) - At what point does management have to get involved in tenant disputes? (49:43) - How much customization can a tenant take upon themselves? (52:09) - How do leases & evictions work? (53:59) - How Common approaches Staffing (55:45) - How do you think about advertising? (56:50) - What are your most common unit configuration and square footage? (57:32) - Thoughts on retrofitting existing structures (1:00:06) - Is there an opportunity for converting office buildings? (1:01:13) - Are there any big needle movers that will have an impact on affordable housing & co-living happening right now? The Fort is produced by Johnny Podcasts

Jul 14, 2022 • 1h 36min
In Memory of Will Friend - Former CEO of Bisnow. An episode we did together in 2019 that exemplifies what leading a team looks like and many other great lessons.
If there was ever a leader to celebrate it is Will Friend. Chris and Will became good friends over the years and talked frequently about the opportunities and challenges in their business and across the real estate industry. Will was an infectious leader who cared deeply about the success of the people around him. He will be dearly missed. In 2019, we were able to record an episode together that is timeless and provides an amazing lesson for us all to learn from. Will was the CEO of Bisnow, an online real estate publication and event firm, where he implemented an incredible culture through Bisnow’s Mission, Vision, and Values. Will and Chris discuss the journey of becoming the CEO of a company and why there's no "step-by-step" process, company structure as a family versus a team, why it is important to love what you do, and Chris reflects on this conversation and his role at Fort Capital. Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ (01:50) — Will’s Journey Before Bisnow, Growing Up in the UK, The Desire for the American Dream, and Moving to America (09:23) — The Journey to Becoming a CEO at 27 Years Old (16:50) — How do you see your experience as CEO so far? (19:33) — What did you expect to be part of the role as CEO that actually are not? (22:22) — Level Up Talent (23:20) — How can you know if you’ll keep the role? How do you evaluate yourself and the organization? (24:10) — Team vs. Family (26:40) — Were these values already set or was it an “ah-ha!” moment? (31:05) — Deciding on a Vision and Values for Bisnow (40:50) — How do you make your Vision and Values a habit? (46:15) — Are these open to be debated and changed? (47:54) — How is a private equity buy-out a learning experience for everyone? Is this the right thing for everyone? (52:40) — What do private equity firms do for family-owned businesses? (53:04) — 3 Failures That Changed the Way Will Thinks (1:00:50) — How does culture affect a company’s bottom line? (1:04:00) — Hitting a Sales Mark (1:08:50) — What does it take for an issue to make it to your desk? (1:12:42) — What is it like to run a sales team? What makes a successful salesperson? (1:16:46) — What do you say to people who are not doing what they love? (1:19:49) — What advice would you give to your 21-year-old self? What is your favorite interview question? (1:27:20) — How Chris Critiques Himself and What Makes a Company's Mission, Vision, and Values Work The FORT is produced by Johnny Podcasts