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21st Century Entrepreneurship

Latest episodes

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Feb 17, 2024 • 25min

John & Mark X. Cronin: A Mission to Spread Happiness

John and Mark X. Cronin, the dynamic father-son duo behind John's Crazy Socks, shared their incredible journey from a single idea to creating the world's largest sock store with a heartwarming mission to spread happiness. Their story is a testament to the power of love, determination, and the belief in the abilities of all individuals, regardless of their challenges.John, born with Down syndrome, has not only defied expectations but has also become a leading advocate for people with differing abilities. Through their business, John and Mark have demonstrated how a simple concept, like selling socks, can be transformed into a vehicle for social change. "We're not really a sock store. The socks become the physical manifestation of the story and the vision," Mark explains.The Cronins' journey underscores the importance of gratitude and doing for others as the keys to happiness. John's passion and entrepreneurial spirit, combined with Mark's supportive guidance, have led to remarkable achievements. They've addressed the United Nations, testified before the US Congress, and donated over $700,000 to charity, all while building a business that employs individuals with differing abilities.Their story is filled with lessons on overcoming adversity, embracing one's uniqueness, and the power of giving back. One of the most compelling takeaways is the idea that "everything we do is designed to spread some happiness," which guides their business decisions and philanthropic efforts.John and Mark's approach to creating a great place to work, making personal connections, and giving back to the community offers valuable insights for entrepreneurs and individuals alike. Their success demonstrates that with the right attitude and approach, it's possible to make a significant impact on the world while pursuing one's passions.By sharing their journey, John and Mark X. Cronin inspire us to look beyond limitations and recognize the potential in everyone. Their story is not just about socks; it's about how love, creativity, and a commitment to social good can create a ripple effect of joy and opportunity across the globe.
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Feb 13, 2024 • 38min

Levar Jackson: Pioneering Sustainable Hospitality

Levar Jackson, the Founder and CEO of Yogh Group, joins us to share his journey towards redefining the hospitality industry through sustainability. Yogh Group stands out as a beacon in the transition to an interconnected, intelligent, low-carbon world by weaving together hospitality, art, agriculture, and cuisine. Jackson's vision is clear: to lead the hospitality sector into a sustainable future without compromising on luxury or experience.Our discussion delves into how the Yogh Group is setting new benchmarks in sustainability. Jackson's approach is holistic, focusing not just on environmental impact but also on how spaces interact with their communities and ecosystems. He states, "Sustainability is just as much a corporate and commercial liability as it is a personal one," emphasizing the shared responsibility businesses have alongside individuals in fostering a sustainable future.Before his innovative venture into sustainable hospitality, Jackson was at the helm of Visual Renaissance, a full-service art strategy firm he led from 2009 to 2022. His experience curating unique art experiences for sophisticated properties has seamlessly transitioned into Yogh Group's operations, enriching its hotels with art museums that blend culture with sustainability.Throughout the conversation, Jackson highlights the importance of technology and innovation in achieving sustainability goals. He critiques the slow adoption of new technologies and the carbon credit market, advocating for more direct and efficient solutions. His philosophy of additive sustainability—providing alternatives rather than taking away—offers a fresh perspective on how the hospitality industry can evolve.Key takeaways from our conversation with Levar Jackson include the significance of integrating sustainability into the core business model, the role of art and culture in enriching the hospitality experience, and the urgent need for industry-wide adoption of sustainable practices. Jackson's work with Yogh Group illustrates the profound impact that visionary leadership can have on an industry, proving that sustainability and profitability can go hand in hand.Levar Jackson's pioneering efforts with Yogh Group serve as a powerful example of how the hospitality industry can lead the way into a sustainable future. His insights are a call to action for businesses to embrace sustainability as a pathway to innovation, profitability, and positive societal impact.
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Feb 9, 2024 • 46min

Kevin T. Carter: From Wall Street to Emerging Markets

Kevin T. Carter is an investment expert with a rich history rooted in the evolution of financial markets and a deep dive into emerging economies. Throughout our conversation, we explored Carter's journey from a fresh college graduate with a keen interest in investment, sparked by the iconic book "A Random Walk Down Wall Street," to a visionary in the field of emerging markets. His early career began in an investment bank, where a casual interview turned into the launchpad for his investment career.Carter shared the profound influence of Burton Malkiel's work on his professional outlook, notably Malkiel's revolutionary idea of index funds which laid the groundwork for Carter's own innovations in investment strategies. "It was just an idea to Burt Malkiel back then," Carter recalls, highlighting the transformative potential of indexing and ETFs which now dominate the investment landscape.The narrative then shifts to Carter's disillusionment with the mutual fund business and his pioneering work in fractional share trading and direct indexing. His collaboration with Malkiel not only refined his investment philosophy but also led to the creation of groundbreaking financial services that democratized stock market access. "We filed a patent on fractional share trading... and now almost every brokerage firm in the world offers fractional share trading," Carter proudly notes, underlining the shift towards more inclusive investment models.Carter's journey took another significant turn with his engagement with Google employees and his eventual focus on emerging markets, particularly China and India. His firsthand experiences with these economies offered him a unique perspective on their potential for growth and innovation. "China's economy was growing at over 10%," he recalls, capturing the dynamism of these regions long before they became focal points for global investors.The discussion delves into the intricacies of emerging market investments, emphasizing the consumer-driven growth in these regions. Carter's approach to investment in emerging markets is not just about recognizing their growth potential but understanding the transformative impact of technology, particularly mobile internet, on these economies. "The second wave was China, right behind us, 2005 to 2020... Now, there's still growth in China, but... the third wave is going to be giant, and it's already happening," he explains, highlighting the ongoing evolution of global market dynamics.Carter's narrative on India's transformation is richly detailed, attributing a significant part of this change to Nandan Nilekani, Infosys' co-founder, who led the Aadhaar program since its inception in 2009. This initiative was a critical move towards digitizing the nation's identity verification processes, issuing a unique twelve-digit identification number linked with biometric data to every citizen. It was a monumental step in addressing the critical lack of formal identification and laid the foundation for the India Stack, an advanced digital infrastructure that facilitated the opening of 800 million digital bank accounts and propelled the country towards financial inclusivity. Coupled with the Unified Payments Interface (UPI) system revolutionizing payments—showcasing an 80% shift towards digital transactions with over 12 billion monthly transactions—India's narrative underlines a nation on the cusp of a technological and economic revolution. With a population exceeding 1.4 billion, a vibrant middle class, and a tech talent pool, under Prime Minister Modi's leadership, the country is poised to redefine its global stance, making it a focal point for investors in technology, consumer goods, and fintech sectors.
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Feb 6, 2024 • 27min

Taylor Willingham: Crafting Legacies Beyond Wealth

Taylor Willingham is the founder of the Willingham Law Firm, PLLC and creator of Posterity Planning. He is an estate planning attorney with a deep understanding of the intricate process of preparing for the future. In our conversation, we explored the profound impact of estate planning beyond the mere distribution of assets. Willingham shared insights into how individuals can leave a lasting legacy that encapsulates their values, wisdom, and life lessons for future generations.Willingham outlined three principal aspects of effective legacy planning: asset distribution, the importance of intangible legacies such as wisdom and digital footprints, and hierarchical succession. He emphasized, "Everybody always thinks about the assets and the money... I found that to actually be not the biggest thing," highlighting the growing significance of social media and digital platforms in preserving one’s legacy. This perspective shifts the focus from traditional estate planning towards a more holistic approach, considering the value of personal stories and wisdom passed down through generations.One of the most captivating aspects discussed was the concept of a 'sabayat', an ancient Egyptian tradition of leaving written instructions and wisdom for descendants. Willingham connected this to modern practices of sharing personal messages and stories through digital media, illustrating the timeless human desire to impart knowledge and guidance to the next generation.Willingham's personal journey, from struggling to establish his law practice during an economic downturn to his success as a founder of multiple companies, adds a layer of authenticity to his insights on perseverance and the importance of legacy. His story of recording his grandfather's life experiences and the unexpected connections that emerged from sharing these stories online underscores the potential for digital platforms to immortalize personal histories and values.The episode also delves into practical advice on managing digital legacies, emphasizing the importance of not deleting social media accounts of the deceased to preserve memories for loved ones. Willingham advises, "Do not delete them... You're erasing memories that other people would really want." This practical guidance, combined with the broader discussion on legacy planning, offers listeners a comprehensive understanding of the importance of thoughtful preparation for the future.Listeners will come away with a deeper appreciation for the intangible aspects of legacy planning, equipped with the knowledge to approach their own estate planning in a way that truly reflects their values and wishes. Willingham's expertise and personal experiences make for an engaging and informative discussion, offering valuable takeaways for anyone looking to leave a meaningful legacy.
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Feb 3, 2024 • 25min

Feras Alhlou: Silicon Valley's Strategic Mentor

Feras Alhlou, a distinguished mentor and seasoned entrepreneur, has leveraged his wealth of experience in Silicon Valley to guide founders through the complexities of launching and scaling businesses. His journey, marked by both significant achievements and challenging setbacks, embodies the essence of resilience and strategic foresight. In our conversation, Feras delves into the critical aspects of entrepreneurship, from the importance of resilience and continuous learning to the power of networking and mentorship.He shares poignant insights into his transition from facing personal career challenges to becoming an influential figure in the analytics domain and a published author. Feras's narrative is a compelling testament to the idea that overcoming adversity is not just about enduring but about learning, adapting, and thriving. "Life throws a lot of things at you... but then you have to do what you have to do," Feras reflects, encapsulating the resilience needed to navigate the unpredictable waters of the tech industry.A fervent advocate for continuous learning, Feras highlights how his foray into analytics and subsequent specialization not only transformed his career trajectory but also demonstrated the importance of aligning one's skills with evolving market demands. "We stumbled upon this thing called analytics... and business owners loved it, and we fell in love with it as well," he recounts, emphasizing the strategic pivot that fueled his success.Moreover, Feras underlines the indispensable role of networking in building and sustaining a successful entrepreneurial career. Drawing from Reed Hoffman's insights, he reminds us, "Your network is as important as your hard skills and soft skills," showcasing the integral role of community and connections in the entrepreneurial journey.The conversation with Feras Alhlou is not only an exploration of his personal and professional growth but also a rich source of practical advice for entrepreneurs at any stage of their journey. His story, punctuated by the highs of success and the lows of setbacks, serves as a blueprint for resilience, adaptability, and the profound impact of a supportive network. Listeners will emerge with a deeper appreciation for the nuanced challenges and opportunities in the tech industry, the criticality of niche specialization, and the unparalleled value of mentorship and community support.
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Jan 31, 2024 • 28min

Drew Spaventa: Resilience and Innovation at TSG

Drew Spaventa is a paragon of resilience and visionary leadership. As the founder and CEO of The Spaventa Group (TSG), he has carved a unique path in the finance world. Our discussion with Drew revolved around the intricate journey of his life and career, highlighting the transformative power of adversity and the importance of emotional intelligence in leadership.One of the most compelling aspects of Drew's story is his evolution from a state of self-pity in his teens to anger in his twenties, and eventually to wisdom and success in his later years. His candid reflection, "I thought I was always the unlucky one, I think I'm like one of the luckiest people alive," underscores the profound impact of perspective on personal and professional growth.Drew's philosophy, deeply rooted in stoicism, emphasizes logical and analytical thinking while keeping emotions in check. This approach has not only shaped his personal life but also the ethos of TSG. His statement, "I'm batshit crazy... but in a good way," with a humorous nod from his fiancée, adds a layer of authenticity and relatability to his character.Key takeaways from our conversation include the significance of embracing one's unique experiences and perspectives, the value of integrity and authenticity in business, and the power of a resilient mindset. Drew's journey is a testament to the idea that life's trials, when navigated with grit and grace, can forge remarkable wisdom and success.As TSG continues to grow and evolve under Drew's leadership, his story serves as an inspiring reminder that our greatest challenges can become our most powerful catalysts for change.
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Jan 27, 2024 • 17min

Luke Diaz: Empowering Diverse Founders

Luke Diaz, the founder of DBT Ventures, is a former hedge fund partner turned venture capitalist with a distinct approach to supporting startups and fostering entrepreneurship. In our conversation, we explored a variety of topics that reveal Diaz's unique business philosophy and personal journey. A significant focus of our discussion was on Diaz's commitment to supporting underrepresented entrepreneurs. He shared startling statistics about the funding gap in venture capital, noting, "females start about 20% of companies, [but] only receive 2% of the venture capital." This discrepancy is even more pronounced for BIPOC founders, who are "six to eight times less likely to get funded." Diaz's passion for addressing this imbalance is evident as he seeks to invest in these "underdogs" with resilience and a drive to prove themselves.Diaz's journey from finance to technology and venture capital is a testament to his belief in following one's passions and instincts. He candidly spoke about leaving a successful but unfulfilling career in finance, a move that led him to found DBT Ventures (Do Big Things). His approach to investments is intriguingly heart-led, as he explained, "I make the decision based on my intuition... and then I rationalize afterwards looking at the data."Another compelling aspect of our conversation was Diaz's perspective on resilience. He views it as a crucial trait in entrepreneurs, driven by a mix of personal history and a desire to challenge the status quo. Diaz's own story of growing up in poverty adds depth to his understanding of the struggles faced by many founders. He believes that "when the whole world is moving against you... [resilience] is something that is deeply moving."Diaz also shared his personal challenges and achievements, including learning to fly and completing an Ironman triathlon. These accomplishments reflect his philosophy on freedom and the power of setting and achieving goals. He views freedom as "the superset of things that you could do," emphasizing that it's more about personal growth and less about financial wealth.Regarding money, Diaz offered a nuanced view. He sees money as a tool that "tends to amplify character," and stressed the importance of saving and the power of compounding.Listeners can gain valuable insights from Diaz's experiences and perspectives, particularly on resilience, the importance of supporting diverse entrepreneurs, and the balance between emotional intuition and rational analysis in business decisions. His story is a reminder that success isn't just about financial gains, but also about making a positive impact and pursuing personal fulfillment.
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Jan 24, 2024 • 28min

Eric Recker: A Dentist's Journey From Burnout to Purpose

Eric Recker is a dentist, success coach, and a speaker who shared his personal journey of overcoming burnout and finding purpose. In our discussion, Eric opened up about his early life struggles, his relentless pursuit of success, and the eventual realization of the hollowness in relentless achievement. He detailed his experiences from being excluded in childhood games to excelling in dental school, and from enduring severe professional burnout to discovering his true calling.Most significant in Eric's story is his transformation from a relentless achiever to someone who understands the importance of living in the present and finding purpose beyond success. "I was climbing every mountain I could possibly find... But the reality is I didn't know why I was doing it," he shared, reflecting on his relentless pursuit of achievements.From this episode, listeners can learn about the dangers of burnout and the importance of understanding one's deeper motivations. Eric's journey is a powerful reminder that success without purpose can lead to emptiness. He emphasized the significance of 'winning the now', a concept he adopted to focus on the present rather than being stuck in the past or anxious about the future. "The one thing that's guaranteed is the moment right in front of us," Eric noted, highlighting the power of living in the moment.Key takeaways from Eric's story include the importance of self-awareness in personal and professional life, the need to find balance, and the understanding that fulfillment often lies in service and impact rather than just personal achievements. Eric's shift from a high-achieving dentist to a coach and speaker who helps others navigate their burnout journeys is not just inspiring but also offers practical insights into managing life's pressures and finding true satisfaction.Eric Recker's narrative is a compelling example of how reevaluating one's life priorities can lead to a more fulfilling and balanced existence. His story offers hope and guidance for anyone facing similar challenges in their personal or professional lives.
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Jan 16, 2024 • 19min

Kevin Ring: Mastering Workers' Comp in Business

Kevin Ring is an insightful workers' compensation analyst, and in our conversation, we explored the intricacies and challenges of managing workers' compensation in the entrepreneurial landscape. Kevin, hailing from the Institute of Work Comp Professionals in Asheville, North Carolina, delves into the complexities that business owners face when navigating workers' compensation insurance.One of the key topics we discussed is the common misconception among insurance agents and employers regarding workers' compensation insurance. Kevin emphasizes, "Workers comp just kind of is what it is," highlighting a prevalent attitude that overlooks the potential for cost control in this area. He challenges this notion by demonstrating how proactive measures in a business can significantly reduce workers' compensation premiums.Kevin's approach is analytical, a trait he traces back to his early days tinkering with computers. This analytical mindset, combined with his innate ability to simplify complex topics, makes him a valuable asset in the insurance world. He shares, "I'm not as interested in looking at the surface level. I really want to get down in the weeds of the problem and start to sort it out." This perspective is crucial in understanding the layers of workers' compensation and its impact on business operations.The conversation also sheds light on the importance of correct payroll classification and record-keeping for calculating premiums accurately. Kevin explains, "There are more than 500 different classifications in almost every state," illustrating the level of detail necessary for accurate insurance assessments.Moreover, Kevin's passion for baseball and analytics surfaces as a metaphor for his work. The precision and data-driven nature of baseball analytics reflect his methodical approach to workers' compensation and its complexities.In summary, this episode offers valuable insights into workers' compensation, emphasizing the control business owners can exert over their insurance costs. Kevin Ring's expertise not only illuminates the often-overlooked aspects of workers' comp but also provides practical advice for entrepreneurs aiming to manage their insurance more effectively. His unique blend of analytical skills and clear communication makes this a must-listen for anyone navigating the entrepreneurial world.
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Jan 8, 2024 • 29min

Greg Ward: Spiritual Growth in Entrepreneurship

Greg Ward is a testament to the transformative journey of entrepreneurship, and in our discussion, we explored the profound interplay between business and spirituality. He unveils his personal story of starting from debt-ridden failure to leading a successful law firm. He emphasises that true entrepreneurial success is more than just financial gain; it's a spiritual journey. He is a founding partner of The Ward Law Group, PL. Over $500 million has been recovered for clients, and the firm has received over 2,000 5-star reviews. One of the most compelling insights from Ward is his perspective on the challenges of entrepreneurship. He states, "Entrepreneurship and business is a spiritual journey requiring a spiritual transformation." This idea forms the backbone of our conversation as we dive into how he shifted his focus from purely financial goals to a broader, more spiritually-aligned vision, leading to exponential growth in his business.Ward’s journey is not just a story of business acumen but also personal development and resilience. He candidly shares his initial failures, highlighting a crucial lesson: "I was a serial failure. I made a lot of mistakes." His openness about these early setbacks lays the groundwork for understanding the significant turnaround in his career.A key takeaway from our talk is Ward's emphasis on serving others. He firmly believes in the power of knowing who you are called to serve. This philosophy transformed his approach to business, moving away from purely profit-driven motives to focusing on impact and service. He remarks, "Once I realized that it was rocket fuel... I said, you know what? I'm supposed to serve the Hispanic market."Moreover, Ward delves into the challenges of scaling a business and the importance of making tough decisions, especially in hiring. His experience teaches us that sometimes, the best hires are not the ones we personally like, but those who can bring results and balance to our weaknesses.Interestingly, Ward also touches upon the misconceptions surrounding wealth, arguing that money reveals character rather than changes it. He shares his philanthropic views and personal experiences, reinforcing the idea that wealth should be a means to positively impact others.In wrapping up, Ward offers invaluable advice to aspiring entrepreneurs. He stresses the need for spiritual and personal grounding before pursuing business success, cautioning that without this foundation, even the most successful ventures can crumble.This episode with Greg Ward is not just about business strategies; it's a profound look into how spirituality, personal growth, and a service-oriented mindset are crucial to true entrepreneurial success. It's a compelling narrative that encourages us to look beyond the surface of business achievements and delve into the deeper, more meaningful aspects of success.

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