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Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses

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May 4, 2023 • 3min

Coming Soon: Main Street Summit

The Permanent Podcast is moving to an every-other-week publishing schedule for the summer so check back next week for our conversation with Claire Hughes Johnson. We are excited to announce a new event called Main Street Summit: a festival for owners, operators, and investors to expand their tools and relationships. Head to https://www.mainstreetsummit.com/ to join the list.
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13 snips
Apr 26, 2023 • 1h 14min

Morgan Housel: The Psychology of Luck - Outside Insights

Morgan Housel (The Psychology of Money) joins Brent Beshore & David Cover to discuss how to build wealth, why people are mad at Morgan, and why most investors are asking the wrong questions – plus, they clear the air on Brent’s online feud with Morgan.    LINKS & MENTIONS FROM THIS EPISODE Preorder Morgan’s new book, Same As Ever https://www.penguinrandomhouse.com/books/672339/same-as-ever-by-morgan-housel/  Read The Psychology of Money https://www.amazon.com/Psychology-Money-Timeless-Lessons-Happiness/dp/B08D9WJ9G8/ref=sr_1_3?crid=1ZWO7MWLGMIF4&keywords=morgan+housel&qid=1681911241&sprefix=morgan+hous%2Caps%2C302&sr=8-3  Listen to Morgan’s podcast https://podcasts.apple.com/us/podcast/the-morgan-housel-podcast/id1675310669  Listen to Brent & David’s interview with Shane Parrish https://www.permanentequity.com/content/why-discipline-doesnt-matter-with-shane-parrish  Morgan mentions the book, April 1865 by Jay Winik https://www.amazon.com/April-1865-Professor-Jay-Winik-audiobook/dp/B00VQPDKWS/ref=sr_1_1?crid=2T648CGQZ69TS&keywords=jay+winnick&qid=1681928090&sprefix=jay+winick%2Caps%2C104&sr=8-1 CONNECT Morgan on twitter https://twitter.com/morganhousel  Morgan on LinkedIn https://www.linkedin.com/in/morgan-housel-5b473821/  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 Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions    TIMESTAMPS 0:00 Intro & Why Brent Hates Morgan 2:08 David Apologizes to Morgan 4:27 Did Morgan Know He Was Going to be a Best Selling Author? 10:17 Why People Are Mad at Morgan & Why Investors Are Asking the Wrong Questions 15:09 Why Brent Doesn’t Consider Himself an Investor 17:35 How Almost Dying Shaped Morgan’s View of Risk & Luck 26:31 How to Not Make Bad Decisions 29:22 How to Have Enough 36:06 How to Create Something That Will Have Impact 38:36 Is it Possible to Save Too Much Money? 41:26 What Should Owners & Operators Do With Their Money? 47:37 Getting Rich vs Staying Rich 53:47 How to Learn from the Past and What Never Changes 56:75 How to Be Less Cynical 59:08 Housel Hot-Takes: What Are You Reading? 1:00:52 Housel Hot-Takes: Bitcoin & AI 1:03:39 Housel Hot-Takes: The Fed 1:05:03 Housel Hot-Takes: Expensive Wine Is Overrated  1:06:08 Housel Hot-Takes: Twitter & Elon Musk 1:08:02 What Would You Go Back & Tell Your 30 Year Old Self? 1:09: Frenemies Are Frenemies Forever 1:10:46 Let’s Send This Podcast to Someone Together 1:11:40 What Happens Next 1:12:35 Moment of Compliance Zen   EPISODE CREDITS Produced by David Cover Intro music by David Cover, Andy Freeman, Rhett Johnson, & Andrew Luley Outro music by Jees Guy Moment of Compliance Zen music by Shimmer   WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT  Visit https://www.permanentequity.com/ for more Sign up for Permanent Playbook, our newsletter for operators in the field: https://www.permanentequity.com/newsletter  Sign up for Unqualified Opinions, a new daily newsletter from our very own Tim Hanson: https://www.permanentequity.com/unqualified-opinions  Check out our other podcast episodes here: https://www.permanentequity.com/audio    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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Apr 17, 2023 • 17min

The Investment Team Is Hiring

Permanent Equity is hiring for a new 2-year Analyst Program. Emily Holdman (MD) & Tim Hanson (Co-President & CIO) sit down with David Cover & Sarah George-Waterfield to talk about what makes Permanent Equity’s approach to investing different from traditional private equity, what the new analyst role will look like, and why we think working on the Permanent Equity team is engaging, fun, and fulfilling work, despite Tim’s repeat dad-jokes.    LINKS & MENTIONS FROM THIS EPISODE Read about the program and apply here https://www.permanentequity.com/content/the-investment-team-is-hiring  Connect with Permanent Equity on LinkedIn https://www.linkedin.com/company/permanentequity/ Connect with Permanent Equity on twitter https://twitter.com/PermanentEquity Connect with Emily on LinkedIn https://www.linkedin.com/in/emilyholdman/  Connect with Emily on twitter https://twitter.com/emilyleldridge Connect with Tim on LinkedIn https://www.linkedin.com/in/timothybhanson/ Connect with Tim on twitter https://twitter.com/timhanso Connect with David on twitter https://twitter.com/DavidACover Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/  Connect with Sarah on twitter https://twitter.com/SarahBethGDub  Connect with Sarah on LinkedIn https://www.linkedin.com/in/sarahbethgdub/   TIMESTAMPS 0:00 We’re Breaking Rule #1 of Podcasting 2:26 Permanent Equity’s New Analyst Program 6:54 Help Permanent Equity Buy More Companies 10:53 What Makes Permanent Equity Different from Private Equity 12:44 Who Is Right for This Role? 14:27 The Hardest Part of Working at Permanent Equity 15:45 Visit permeq.com to Apply 16:26 Legal Disclaimer    EPISODE CREDITS Produced by David Cover Intro music by Andrew Camp, David Cover, Scott Johnson, Andrew Luley, & Dave Wilton Outro music by Ghost Beatz   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: https://www.permanentequity.com/audio    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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9 snips
Apr 12, 2023 • 45min

How to See Your Strengths

You have a unique set of strengths but you might not know what they are. Because we don’t recognize these "subconscious gifts" we don't know how to flex them effectively. Mark Brooks and David Cover talk about how you can see your strengths and unlock them in yourself and in others.   LINKS & MENTIONS FROM THIS EPISODE Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions  Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletters Connect with Mark on twitter https://twitter.com/markbrooks  Connect with Mark on LinkedIn https://www.linkedin.com/in/markbrooks1/  Connect with David on twitter https://twitter.com/DavidACover Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/  Visit https://www.permanentequity.com/ for more   TIMESTAMPS 0:00 Intro 1:20 David Confronts a Coworker Again 2:59 Subconscious Gifts: What Are We Even Talking About? 8:12 Why You Have Success: Seeing The Matrix 12:41 You Might Not Know Your Greatest Strength 17:15 How to See Your Hidden Strengths 19:42 David’s Never Seen Good Will Hunting & Thinks Paul Simon is Just Ok  20:36 David Tries to Identify Mark’s Subconscious Gifting 26:25 Why We Have Conflict and Disconnects at Work 31:54 Your Gifts Are Rare, Your Weaknesses Aren’t 38:34 Questions for Reflection: How to Identify Subconscious Gifts 42:56 Send This Podcast to Someone 43:46 Moment of Compliance Zen   EPISODE CREDITS Produced by David Cover Additional editing & mixing by Ryan Lipman Intro music by David Cover, Andy Freeman, & Wes White Outro music by Daniele Musto Moment of Compliance Zen music by Shimmer   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: https://www.permanentequity.com/audio   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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4 snips
Apr 5, 2023 • 9min

What's Your Brand? - The Last 5 Minute Management

Brent Beshore talks about the importance of how people experience your brand, your service, and your product in the final installment of 5 Minute Management.    LINKS & MENTIONS FROM THIS EPISODE Brent on twitter https:/https://twitter.com/BrentBeshore Brent on LinkedIn https://www.linkedin.com/in/brentbeshore  Connect with David on twitter https://twitter.com/DavidACover Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/  Visit https://www.permanentequity.com/ for more Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions  Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletters TIMESTAMPS 0:00 Intro 0:22 We Tried Something That Didn’t Work 1:41 Thinking About Your Brand 7:47 Legal Disclaimer   EPISODE CREDITS Produced by David Cover Intro music by David Cover, Andy Freeman, & Wes White Outro music by Daniele Musto   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: https://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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5 snips
Mar 29, 2023 • 1h 25min

John Fio: Building a World One Hug at a Time - Outside Insights

John Fio (Gravity Blanket, Moon Pals) joins Brent Beshore & David Cover to talk about what it was like to work with Justin Bieber, the importance of finding truth in what you create, why worldbuilding is more important storytelling, and why so many products won’t stand the test of time.   LINKS & MENTIONS FROM THIS EPISODE Gravity Blanket https://gravityblankets.com/ Moon Pals https://www.moonpals.com/ Birthdate Co https://birthdate.co/  Unqualified Opinions Newsletter https://www.permanentequity.com/newsletters    CONNECT John on twitter https://twitter.com/johnhfio  John on LinkedIn https://www.linkedin.com/in/john-fiorentino-a1b26439/  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 & Who Is John Fio? 4:38 Maybe the World DOES Need One More Podcast 5:44 John the Artist vs John the Warlord 8:22 Working for Justin Bieber & Almost Dying 10:27 Being Homeless for Over a Year 12:35 Inventing Gravity Blanket After Spending the Night on the Subway 20:00 Worldbuilding > Storytelling 24:20 Fearlessly Pursuing Your Customer 29:29 Sign Up for the Unqualified Opinions Newsletter 30:57 Red Bull Built a Real World 37:07 Is Uber a Real Company? 41:43 A Plague of Cynicism  49:02 You Are More Than Yourself 1:04:21 Finding the Truth Is Profitable 1:07:13 Is Moon Pals the Next Disney? 1:13:30 Creating From Truth 1:16:10 Building Fio Creations: Finding Artists & Warlords 1:23:09 Send This Podcast to Someone   EPISODE CREDITS Produced by David Cover Intro music by David Cover, Andy Freeman, Rhett Johnson, & Andrew Luley Interlude music by Sam Barsh 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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Mar 22, 2023 • 39min

SVB Fallout: 3 Ways to Mitigate Your Banking Risk (#3 Will SHOCK You)

When you have money in the bank, you expect it to be there for your use. But the collapse of Silicon Valley Bank and others that followed have highlighted uncertainties in the system. What happened? And what can you do to mitigate your risk? Our new CFO Nikki Galloway and CIO Tim Hanson sit down with David Cover to share three ways you can mitigate your banking risk.   LINKS & MENTIONS FROM THIS EPISODE Read Nikki’s 3 Ways to Mitigate Banking Risk at https://www.permanentequity.com/ Subscribe to Tim’s daily newsletter, Unqualified Opinions https://www.permanentequity.com/unqualified-opinions   Connect with Nikki on LinkedIn https://www.linkedin.com/in/nicolergalloway/ Connect with Nikki on twitter https://twitter.com/nicolergalloway Connect with Tim on LinkedIn https://www.linkedin.com/in/timothybhanson/ Connect with Tim on twitter https://twitter.com/timhanso Connect with David on twitter https://twitter.com/DavidACover Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/  Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter   TIMESTAMPS 0:00 1:12 Who’s Fault Is It? 2:14 Nikki the New Girl 7:18 Explaining Tim’s Jokes 8:58 What Happened with SVB? 17:29 What’s Happening Now? 20:29 The Wives of Permanent Equity Love Tim’s Newsletter 22:18 Nikki’s 3 Ways to Mitigate Your Banking Risk 27:48 #3 Will Shock You ;)  31:01 David Gets Sidetracked by Sirens & Sports 35:12 Nikki & Tim Try to Get David Back On Topic 36:28 Visit permanentequity.com for More 37:28 Legal Disclaimer    EPISODE CREDITS Produced by David Cover Intro music by Andrew Camp, David Cover, Scott Johnson, Andrew Luley, & Dave Wilton Outro music by Ghost Beatz   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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Mar 15, 2023 • 10min

Edge Case Decisions - 5 Minute Management

You’re making too many business decisions based on edge cases. Mark Brooks explains why you should be wary of loud voices, your own assumptions, buddy bias, and single bad actors that could lead you to set poor policies, products, or prices.   LINKS & MENTIONS FROM THIS EPISODE Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletters Connect with Mark on twitter https://twitter.com/markbrooks  Connect with Mark on LinkedIn https://www.linkedin.com/in/markbrooks1/  Connect with David on twitter https://twitter.com/DavidACover Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/  Visit https://www.permanentequity.com/ for more TIMESTAMPS 0:00 Intro 0:38 Threadboi Reads His Tweets 2:25 Making Assumptions About Pricing  4:02 Be Aware of Buddy Bias 4:47 Why We Can’t Have Nice Things 6:08 (Not) Taking Criticism 8:10 Subscribe to the Permanent Playbook Newsletter 8:35 Legal Disclaimer   EPISODE CREDITS Produced by David Cover Intro music by David Cover, Andy Freeman, & Wes White Outro music by Daniele Musto   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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Mar 8, 2023 • 1h 4min

Chris Powers: Real Meaning & Real Estate - Outside Insights

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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Mar 1, 2023 • 30min

Managing In Crisis - "5 Minute" Management

Many business owners and operators are looking at 2023 with trepidation and it’s possible some will be managing in crisis. Mark Brooks shares his insights from over 20 years of managing teams (AOL, The Motley Fool, Permanent Equity) with 16 tips for managing in crisis.    LINKS & MENTIONS FROM THIS EPISODE Connect with Mark on twitter https://twitter.com/markbrooks  Connect with Mark on LinkedIn https://www.linkedin.com/in/markbrooks1/  Connect with David on twitter https://twitter.com/DavidACover Connect with 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   TIMESTAMPS 0:00 Intro 0:22 Two Guys Singing Songs to Each Other 2:44 Mr. Manager 3:30 1. Get upstream of your current metrics 4:35 2. Review your metrics more often 5:28 3. Create a Confidence Interval  6:37 4. Determine your action items. 7:33 5. Communicate the situation to your team. 8:15 6. Communicate with your team more often 8:57 7. Know the difference between openness and honesty. 10:01 8. It’s okay to say “I don’t know.” 12:12 9. Brainstorm with your best. 13:40 10. Micromanage 15:51 11. Don’t Make Promises You Can’t Keep 17:43 12. Cut deep so you only cut once 19:19 13. Know what you’re cutting 22:29 14. Ask for help 23:56 15. Talk to others 26:49 16. Don’t neglect your health 28:26 Subscribe to the Permanent Playbook 29:18 Legal Disclaimer   EPISODE CREDITS Produced by David Cover Intro music by David Cover, Andy Freeman, & Wes White Outro music by Daniele Musto   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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