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Nội dung được cung cấp bởi Drunken Money, John Ackerman, and Paul Heintzman. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Drunken Money, John Ackerman, and Paul Heintzman hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.
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Mind The Business: Small Business Success Stories


1 Pushing Past Stagnation & Business Plateaus 30:21
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Hitting plateaus is a common milestone in business, but there’s a difference between stability and a rut. In the last installment of this season, we’ll dive into the ways small business owners push beyond plateaus and find new ways to achieve revenue growth. Jannese and Austin wrap up their time in Nashville, Tennessee with a wonderful visit to N.B. Goods to speak with owner Camille Alston . Camille details the times where she hit a wall with profits, the strategies she implemented to increase revenue, what worked, what didn’t, and the important lessons she learned in the process. You won’t want to miss this informative final chapter! Learn more about how QuickBooks can help you grow your business: QuickBooks.com See omnystudio.com/listener for privacy information.…
Path to Progress with Paul Heintzman and John Ackerman explicit
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Nội dung được cung cấp bởi Drunken Money, John Ackerman, and Paul Heintzman. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Drunken Money, John Ackerman, and Paul Heintzman hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.
In Path to Progress, John and Paul try to improve their lives by talking to awesome people.
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Manage series 1533920
Nội dung được cung cấp bởi Drunken Money, John Ackerman, and Paul Heintzman. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Drunken Money, John Ackerman, and Paul Heintzman hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.
In Path to Progress, John and Paul try to improve their lives by talking to awesome people.
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1 #75: Brendan O'Connor: Psychedelics and Business 1:38:34
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Brendan O'Connor, COO at Cambridge Biotherapies , joins us to discuss how his company helps people "find the healer within" through psychedelic therapy. Some questions Brendan answered in this episode: How did he become involved in psychedelic therapies? How did he become involved in decriminalizing psychedelics in Massachusetts? What is a psychedelic? What does decriminalization mean? How does Cambridge Biotherapies work with their patients? What should a patient look for when considering psychedelic therapy treatment centers to ensure their experience is safe? Has there been a shift in the perception and acceptance of psychedelic therapies? Who is not a good candidate for psychedelic therapies? Last call: What advice would your 60-year-old self give you today? What is the best thing you spent money on in the last six months? What's your favorite long-form content?…

1 #74: Travelwell Company: Plan Your Vacation 44:56
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Jenna Denard, Owner and Travel Agent at Travelwell Company , joins us to discuss how you can use a travel agent to plan your perfect vacation. Some questions Jenna answered in this episode: What does a travel agent at Travelwell Company provide for travelers? What questions do you need to ask your travel agent? When should you contact Travelwell Company or another travel agent to plan a trip? How did Jenna get into the travel industry? Why did Jenna start Travelwell Company? How can a travel agent save travelers money vs. booking on their own? When was the tipping point that Travelwell Company began to grow faster? How long has Jenna been in the industry and when did she start her business? How does Travelwell Company get most of its clients? How does Travelwell Company educate its clients? What are tips for travelers while they're booking and when they're in destination? What are common mistakes travelers make at their destination? How do online travel sites and reviews impact travel agents? What should travelers look for when choosing a travel agent? What are the popular destinations right now? What are Jenna's favorite destinations to visit? Which destinations are the most budget friendly? How can you save money while at your destination? Should you do an all-inclusive for your food and drink? What do you need to know before reaching out to Travelwell Company? How much do travel agents cost? Last call: What advice would your 60-year-old self give you today? Hustle harder earlier. Just do it and don't be scared. What advice would you give to a new entrepreneur? Quit work and put all your resources towards your business. What is the best thing you spent money on in the last six months? Airpods. What's your favorite thing to drink? Two Margaritas Notes: Purchase your Drunken Money Swag!!! Enjoyed this episode? Feel free to contact Jenna Denard on Facebook or Instagram , or email her at jenna@travelwellco.com . Also, check out our episode on how to Crush Your Wedding . Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…

1 #73: Major Robertson: The Art of Buying Businesses 44:13
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Major Robertson, Founder and CEO of Major Holdings , joins us to discuss how he buys online businesses and how he has quickly built a Private Equity Fund. Some questions Major Robertson answered in this episode: What did Major Robertson's college experience look like? When did you realize that college was not the right path for you? How did you teach yourself to code in high school? What was it about working in the corporate world that you didn't like? What was the first side job you had when you were working your corporate job? What was the point when you realized you should quit your corporate job? How did you think of the idea for your first business and how did it grow? Did you create your website from scratch or did you create it off of an existing website? What did creating your website and business look like? How did you overcome competition in the field? How did your business grow to where it is today? Why did your mindset shift from a lifestyle company to wanting to grow your business? What made you want to buy a second company and what was it? What made you want to grow your company to the size of where it is? What do you look for in a business to purchase? Where does Major Robertson find businesses to buy? Why are people selling their businesses? What does a business that you are not interested in buying look like? How do you hire your employees and what does managing look like for you? What does your interview process look like, how did you know they were a right fit for the company? What is the atmosphere in the office and how has it evolved? Is it stressful working in such close proximity to your employees? What's the dress code look like at Major Holdings? What are the commonalities in growing these companies? Is it difficult for your content creator to write content for multiple different industries? How has the city of Louisville helped or hindered the growth of Major Holdings? What advice would you give to those who think they are not able to build a start-up company in Louisville? Have you had a business you regret purchasing? Is there anything specific you look for when purchasing a company? What have been some of the lows in the business? Are there any companies or people you are modeling yourself of your company after? Are you planning to stick with online businesses? Where do you go to help fund your business purchases? What would you say to someone who is unhappy with their current path? Last call: What advice would your 60-year-old self give you today? Finish projects that you start. What advice would you give to a new entrepreneur? You don't have to be an inventor to create something new. Find something that's positive revenue and make it better. What is a book/documentary/podcast you would recommend? BiggerPockets Podcast Rich Dad Poor Dad by Robert Kiyosaki What is the best thing you spent money on in the last six months? Noise cancelling headphones What's your favorite thing to drink? Rosé Bubbles Fruited Ale Notes: It Doesn't Have to Be Crazy at Work Kentucky Small Business Tax Credit Story Louisville Louisville Open Coffee Club Empire Flippers Flippa Purchase your Drunken Money Swag!!! Enjoyed this episode? Feel free to contact Major Robertson at major@major.holdings. Also, check out our episode with Sisun Lee of Morning Recovery . Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
Rachel Richards, author of the best selling book Money Honey: A Simple 7-Step Guide For Getting Your Financial $hit Together , shares how anybody can earn enough passive income to retire in their twenties. Some questions answered in this episode: What has the last year looked like for you, and what has happened to allow you to quit your job? How long did it take for you to be able to retire from when you first got serious about passive income? What made you want to get into rental real estate and what was your first step? How do you find a good rental property? How has having your real estate license benefited you in purchasing a rental property? What is passive income and what kinds of forms can it take? When writing your book, how did you find people to help you with publishing? What have you learned from publishing your first book, is there anything you would've done differently? How far are you in writing your second book? Can you break down the category of ad/e-commerce passive income? Who are some people involved in your second book? What is dropshipping? How has interviewing others and having them contribute to your second book changed it from the first? How do you find a good property manager? What are the basics of portfolio income? If you were given a million dollars, which passive income stream would you invest in first? What are the next few steps for finishing your book? How can people connect with you online? What are the benefits of a credit freeze? Last call: What advice would your 60-year-old self give you today? I'm still trying to figure that out, but protect your identity with credit freezes and invest at a younger age. What advice would you give to somebody who wants to start earning passive income? Consider time versus money, what is going to be easier to spend. What is a book/documentary/podcast you would recommend? Millionaire Fastlane by M.J. DeMarco What is the best thing you spent money on in the last six months? Travel What's your favorite thing to drink? Double Oaked Woodford Reserve Enjoyed this episode? Check out our previous episode with Money Honey. Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…

1 #71: Against the Grain: Building a Brewery 1:22:05
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Adam Watson, co-founder of Against the Grain Brewery , tells us how Against the Grain has built a global brand based in Louisville, KY. Some questions answered in this episode: Why is your beer put into a four pack with tall cans? How did Against the Grain get started? What lead you to becoming a brewer? What was the process of opening your own brewery? What was the climate of the beer industry when you started? Why is the beer industry more communal than others? Why did you choose not only to be a brewery, but a restaurant as well? How do you use your background in law to not only improve your brewery but to help other breweries in the community? What are some big issues with Kentucky and National beer laws? What are the benefits of being a microbrewery? How has Bo & Luke helped you grow as a company? What can the public expect from Against the Grain the the next year or two? Have there been any big turning points in the company? What would you say to a young person who wants to start a brewery? How do you develop a new beer? Where do you get ideas for new beers? How do you judge a beer when you drink it? What is the future of beer? What is your next goal? What was your goal when you started in 2011? Last call: What advice would your 60-year-old self give you today? Take a vacation What advice would you give to somebody who wants to be an entrepreneur? Give all the fucks, care about everything What is a book/documentary/podcast you would recommend? On the Upside with Adam Watson Making sense with Sam Harris What is the best thing you spent money on in the last six months? Tool tickets What's your favorite thing to drink? Lagavulin Scotch Enjoyed this episode? Check out our episode with Ken Grossman , Founder & CEO of Sierra Nevada Brewing Co . Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
JOHN RONAYNE, THE OWNER OF BREWGRASS HOMEBREW SUPPLY , IS BACK TO DISCUSS WHAT HAPPENS WHEN THE GLITZ AND GLAMOUR OF STARTING YOUR OWN BUSINESS BEGIN TO FADE. Some questions answered in this episode: What does the day to day look like almost 5 years into the business? What does Brewgrass Homebrew Supply look like today vs. when you opened? When do you decide to add a new product and invest in the business? What are the struggles once the honeymoon phase is over? How do you prevent burnout? How do you keep learning and growing? Why did you get involved in the community? What do the "wins" look like today? How do you interact with customers on social media and YouTube? What are the keys to staying in business over the last 5 years? What would you purchase if you had $1 million to spend in the business? How do you find new beers? What's the next trend in beer? How do you balance work and your personal life? Do you have any regrets? Has starting a business been worth it? LAST CALL: What advice would your 60-year-old self give you today? Learn time management skills. What advice would you give to somebody who wants to be an entrepreneur? Do it now. What is a book/documentary/podcast you would recommend? Trojan War: The Podcast Odyssey: The Podcast What is the best thing you spent money on in the last six months? Hiring good people. What's your favorite thing to drink? Collaboration with False Idol Brewing NOTES: Madtree: PsycHOPathy Against the Grain: A Beer New Belgium: Mural Boy Meets Wort Spike Brewing White Labs Simon Sinek: Finite vs. Infinite BORED AT BOARDS Twang Beer Salt Sierra Nevada with Ken Grossman, Founder & CEO of Sierra Nevada Brewing Co. (#67) Enjoyed this episode? Check out our other episodes with John Ronayne, MILLENNIAL BUSINESS: FOLLOW YOUR PASSION WITH JOHN RONAYNE and HOW TO HOMEBREW & MORE WITH JOHN RONAYNE ! Also, be sure to check out Brewgrass Homebrew Supply . Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
Clay Gardner, a co-founder of Titan , joins us to share how anyone can invest like a hedge-fund investor. Some questions answered in this episode: How did you teach yourself investment strategies and how to build the company? How did you develop the current model and what was the first year like? How did you meet your co-founders? How does Titan determine their clients' investments? Does every investor have the same investments or are they customized? Why do the portfolios consist of exactly 20 stocks? What tips do you give to millennials to encourage them to invest long-term? What methods does Titan use to educate their investors? What does your typical day look like? What factors influenced your decision to leave your job and found Titan? How did Titan grow and what were some of the major turning points? What was the process of being accepted into Y Combinator and what did you learn? Why did you return to New York instead of staying in Silicon Valley or moving to another city? What mistakes did you make launching Titan and what would you do differently? What is the future of Titan? Last call: What advice would your 60-year-old self give you today? Think exponentially and bet bigger What is the best advice you have received on entrepreneurship? Don't sit in a room and think of business ideas, think of problems and find the solution. What is a book/documentary/podcast you would recommend? Invest Like the Best podcast What is the best thing you spent money on in the last six months? Airpods What's your favorite thing to drink? Old Fashioned Bulleit Bourbon Notes: A Randon Walk Down Wall Street: The Time-Tested Strategy for Successful Investing The Everything Store: Jeff Bezos and the Age of Amazon Enjoyed this episode? Be sure to check out Titan online and on the App Store . Also, check out our episode with Jon Stein, CEO of Betterment . Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
The band Wilderado is made up, as their About Us would suggest on their website: "Four Dudes." Those four dudes are Maxim Helmerich (vocals, guitar), Tyler Wimpee (guitar, vocals), Colton Dearing (percussion, keys, vocals) and Justin Kila (drums). While touring with Mt. Joy, I was lucky enough to catch them while they were in Louisville for a few beers and a quick podcast. After a few beers, we delved into these questions to truly understand what makes a band: How did you meet? When did you start playing music? How do you write new songs? What's a day in the life of a touring band? How do you stay healthy on the road? How will you know you've made it as a band? How do you avoid burnout? What advice do you have for aspiring bands? What's the next big thing for the band? SPOILER ALERT: their biggest piece of advice: don't give up. Words for life. John and I tell ourselves that every day. Last call questions: What's the best thing you've spent money on the last six months? Tyler: 2010 Jeep Wrangler Colton: 1964 Hofner Red Guitar Max: Plane tickets to see my wife What's the best long-form piece of information you've digested? Colton: The First of the Dark Tower Series (Gunslinger) Max: Stephen King's On Writing or Alan Watt's The Wisdom of Insecurity Tyler: Harry Potter What advice would your 60 year old self give you today? Max: stop worrying about the future Tyler: don't try to invest in too many things Colton: don't wear such tight pants............ What's your favorite drink? Colton: BEER Tyler: BEER (or Negronis ) Max: Casa Dragones S/O to Sam Adams and MB Roland for providing some great drinks for the episode! Have any topics you want covered or amazing people you'd like for us to interview? Let us know! You can email us at info@drunkenmoney.com. You can also find us on Facebook, Instagram, Twitter, and LinkedIn. Please be sure to subscribe to our weekly mailing list at www.drunkenmoney.com.…
Ken Grossman, founder & CEO of Sierra Nevada Brewing Co. , joins us to share how he built one of the largest breweries in America. Questions answered in this episode: How long does it take to go from concept to bottle when brewing a new beer? How did you get started in brewing? How did you make your own brewing equipment when you started? How did you get funding when you first started? What was the goal when you started? What were the biggest keys to early growth? Did you have steady growth or were there any particular events that caused a spike in growth? What makes a good distribution partner in the brewing industry? What advice do you have to somebody starting a craft brewery today? How have you continued to grow as you have gotten bigger? Why did you open the additional North Carolina brewery? How did you maintain business knowledge without a business background? What motivates you to grow and keeps you passionate since you've reached the top of the industry? How has the Camp Fire impacted your company and what are you doing to help? You can find a list of participating brewers selling Resilience IPA by clicking this link . Last call: What advice would you give to your 25-year-old self? Giving up is not an option. It will be the hardest thing you ever do but it will be worth it. What additional advice would you give to an entrepreneur or somebody starting a brewery? Pick something you are passionate about and committed to. What is a book/documentary/podcast you would recommend? A book about Ernest Shackleton What is the best thing you spent money on in the last six months? A new tent and sleeping bag for his wife. What's your favorite thing to drink? Celebration IPA - Sierra Nevada Brewing Co. Enjoyed this episode? We both recommend touring the new Sierra Nevada brewery in Mills River, North Carolina . Also, be sure to pick up a 6 pack of Celebration IPA. Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
Maud & Stirling Welch, Owners of Hell or High Water , join us to discuss the process of opening a 1920s speakeasy in Downtown Louisville. Some questions answered in this episode: What gave them the idea to open a speakeasy? Did you have any prior experience operating a bar? What was the process of planning and opening the bar? What attracted Maud & Stirling to the Hell or High Water space? What happened to the space that forced the planning process to take 3 years? How did you decide on the name Hell or High Water? What have been the biggest failures and successes so far? Where did you draw inspiration for the space and for the drinks? How does the experience at Hell or High Water differ from other bars? Why did Maud move back to Louisville from New York City? What are the ways the speakeasy is marketed? What does your day to day look like at the bar? Last call: What advice would you give to somebody wanting to open a bar? Be aware of the time commitment and that everything in the space could be damaged. - Maud What is your definition of success? When Hell or High Water has the reputation for the place in Louisville to get great drinks and spirits and is comparable to anywhere across the country. - Stirling Be a source of positive hospitality in the community. - Maud What advice would your 60 year old self give you today? Start a business in the same city you live. - Stirling Have conviction in your vision and make sure it is communicated well. - Maud What's the best purchase you've made in the last six months? Engagement ring. - Stirling The books in the bar. - Maud What is a book/documentary/podcast you would recommend? The English Patient . - Maud All About Love . - Stirling Marriage, A History . - Stirling What's your favorite thing to drink? St. George Gin & Fever-Tree Tonic . - Maud Old Forester Classic 86 Proof . - Stirling Shoutouts: Sleep No More New York DJ Glittertitz Automated Living LLC Galaxie Bar Rye on Market “Don’t ask what the world needs. Ask what makes you come alive, and go do it. Because what the world needs is people who have come alive.” - Howard Thurman Enjoyed this episode? Be sure to visit Hell or High Water at 112 West Washington St, Louisville, KY 40204, and follow them on Instagram . Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
Jon Stein, Founder and CEO of Betterment , the country's largest robo-advisor with more than $18 billion in assets under management, shares how he built Betterment and why you should join the future of investing. Some questions answered in this episode: How did you get the idea for Betterment? Why did Betterment start in 2008 during the last recession? How has Betterment grown so quickly? What makes Betterment different and separates it from competitors? What is Betterment's company culture? What drives Betterment's focus? Who are the primary Betterment customers? Does it get stressful having so much money under management? How has being located in New York helped Betterment grow? Why does Jon ride his bike to work? What are the biggest highs and lows since founding Betterment? What do Jon's days look like right now? How often does Jon check email and how does he shut out distractions? How does Jon judge Betterment's success? Why do so many millennials struggle with long-term saving and how does Betterment help? Will Betterment be launching any new products in the near future? How many employees currently work at Betterment? What advice would you give to an entrepreneur starting out who is hesitant about growing their company? What is the best thing you have spent money on in the last six months? What additional advice would you give to millennials? Shoutouts: LaCroix How I Built This with Jon Stein Forbes article with Jon Stein Mr. Money Mustache Betterment experiment Enjoyed this episode? Be sure to open a Betterment account (referral link to get 3 months free) . Also, check out our podcast with Keith Blakely to learn more about investing and the economy . Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
Rachel Richards, author of Money Honey: A Simple 7-Step Guide for Getting Your FInancial $hit Together , gives us tips on how to write and sell a book. Some questions answered in this episode: Why did you decide to write a book? How did you find the time to write? What was your background before writing Money Honey ? What was the hardest part about writing a book? What did you learn while writing? How did you decide what to cover in Money Honey? What outcome did you want from writing Money Honey? What advice would you give to someone wanting to write a book? How did you promote Money Honey ? How did you get reviews on Amazon? Do you want to write another book? What would you change in a revised edition? How do you invest your own money? What are your tips to retire early? Last call: What advice would your 60 year old self give you today? Work less and have more fun. What advice would you give to a recent college graduate? Match your expectations with reality - it will be tough when you first get out f college. What is your definition of success? Having a happy family and health. What's the best thing you've spent money on in the last six months? Trip to the Grand Canyon. What is a book/documentary/podcast you would recommend? The Millionaire Fastlane Rich Dad Poor Dad The Millionaire Next Door The Intelligent Investor I Will Teach You to Be Rich What's your favorite thing to drink? Woodford Reserve Double Oaked Bourbon Shoutouts: Weller Special Reserve Mr. Money Mustache The Penny Hoarder Enjoyed this episode? Feel free to contact Rachel at moneyhoneyrachel@gmail.com or on Facebook and Instagram . Also, be sure to get your copy of Money Honey: A Simple 7-Step Guide For Getting Your Financial $hit Together on Amazon . Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
Alli Truttman, President & CEO of Wicked Sheets , joins us to discuss how she has gone from sewing sheets in her apartment to selling them on qvc . Some questions answered in this episode: How did personal experience form the company? How long did you work as a side-hustle before working at Wicked Sheets full-time? What did you do to cover your weaknesses operating the company? How did you meet your initial investors and make connections to grow your business? How do you turn an idea into a product and get it manufactured? How long did you sew the sheets yourself? How do you get an investor? How did having an advisory board help you staff your weaknesses? What is the hardest thing you dealt with while starting your business? When were you ready to hire an employee? Which tasks do you delegate and which do you still perform yourself? How do you effectively delegate? What has the company been like since it got investors? How did you grow Wicked Sheets? Why did you decide to switch manufacturers and how did you find a new one? How do you amicably part ways with early investors when you need additional investors? How do you choose potential investors? What are Wicked Sheets and what makes them better than the competition? Who would benefit from using Wicked Sheets? Did you ever imagine the company/product when you started would look like the company/product today? Do you sleep on Wicked Sheets? Do you feel like the company has made it? What is the difference between your day-to-day now versus when you started? What does it mean for the company to be successful and how do you judge success? How does taking a break from the company and focusing on other tasks help you see the company from a different angle? Is it tough to give up part of your company? What is the biggest thing you've learned in the last 10 years running Wicked Sheets? What are the best and worst decisions you've made since the company started? Why do you need to be able to have a strategy and be able to execute? How did you get on QVC and what was the process like? Why did you choose to start and run Wicked Sheets in Louisville? What is the future of Wicked Sheets? Why is feedback from your customers so important for small businesses? Last call: What advice would your 60 year old self give you today? Plan better, faster. What advice would you give to an entrepreneur just starting out? Take a lot of risks. Make sure you can pay for health insurance. Stress is normal, you are not alone. Pitfalls will happen. What's the best thing you've spent money on in the last six months? One way mirrors on all the doors and windows at Wicked Sheets. What is a book/documentary/podcast you would recommend? How I Built This podcast. Sapiens. Shoe Dog. What's your favorite thing to drink? Prosecco. Shoutouts: Weller Special Reserve Technicolor Pilsner from Bearded Iris Upwork Bellarmine University Costco Enjoyed this episode? Feel free to contact Alli at alli@wickedsheets.com and make sure to purchase Wicked Sheets at wickedsheets.com , Amazon , or QVC . Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…

1 #62: Wisdom from the Wedding Warrior 1:15:41
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Maggie Heely, Owner and Lead Coordinator of Weekend Wedding Warrior, gives us tips and tricks to have a great wedding (and a happy marriage)! Some questions answered in this episode: What is a wedding day coordination? What is the difference between a wedding day coordinator and a wedding planner? Who is a typical client of Weekend Wedding Warrior? How far in advance should you book a wedding day coordinator? What order should you book venue, photographer, music, and wedding day coordinator? How did Maggie become a wedding day coordinator? How did Weekend Wedding Warrior's business grow? Should you choose your wedding vendors at a bridal show? How do you find a good caterer/DJ/photographer if you don't go to a bridal show? How many people should you invite? What percentage of people you invite to your wedding will RSVP "yes"? How long should you be engaged? What is the price of an average wedding? What are some ways you can save money on your wedding without killing the vibe? What do guys and girls care about the most during their weddings? What do couples fight about the most during the wedding and after they're married? Do you think the length of engagements have gotten shorter or longer? What are the secrets to a happy marriage? What are the biggest pitfalls during a marriage and what are some tips to overcome them? Why should couples plan their own weddings? Why should couples hire a wedding day coordinator? Last call: What advice would your 60 year old self give you today? Chill out. What advice would you give to an entrepreneur just starting out? Quit your job now and do it. What is your definition of success? Getting praised. What's the best thing you've spent money on in the last six months? Childcare, vacation to Clearwater Beach, Florida, and Sling TV What's your favorite thing to drink? French Roast Organic Cold Brew from Trader Joe's with Almond Milk and Nutpods Shoutouts: Prosecco theknot.com Adam Padgett Weddings Naive Rawnaissance Gheens Foundation Lodge Sweet Surrender Enjoyed this episode? Feel free to contact Maggie at maggie@weekendweddingwarrior.com or Weekend Wedding Warrior at info@weekendweddingwarrior.com or call/text at 502-424-4665. Also be sure to connect with Weekend Wedding Warrior on Facebook and Instagram . Also, check out Part 1 of our Wedding Series with Crushed Ice Catering and The Ice House . Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…

1 Don't Be A Sheep: How to Take Risks and Reach Your Goals 59:35
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John Shumate, CEO of Venture First (and the most interesting person we've ever met), teaches us how to take risks and reach our goals. Some questions answered in this episode: Did you see yourself as an entrepreneur growing up? How did you make the leap to become an entrepreneur? How did you get and keep your first clients? What was your day to day like starting out and what where the first few years like running Venture First? What is the best marketing tool you have ever used? How did you expand Venture First's services from business valuation to outside CFO Services and bookkeeping? What does it mean to be a CFO for a company? How do you grow your services when you aren't an expert in that service line? How do you differentiate yourself in an industry that has a "stodgy" reputation and make finance sexy? What separates people who take risks from those who do not? How can great things happen from really bad situations? What does your day to day look like now that Venture First is more established? What are the highs and lows of being an entrepreneur? Why does being an entrepreneur suck? What are the benefits of being an employee vs. being an entrepreneur? Do you think the entrepreneur spirit is genetic or is it something you learn? What does Venture First look like today? When did you take on investors and how has it changed the company? How will you know when you've made it? What is the best decision you've made running Venture First? What is the future of Venture First? Why should people take risks? Last call: What advice would your 60 year old self give you today? Break More Rules, Have More Fun, Work Harder What advice would you give to an entrepreneur just starting out? Find a really good mentor Be ready to spend more time and capital than you expect What's the best thing you've spent money on in the last six months? Satellite phone (overall best purchase) Nice bottles of bourbon - What book/documentary would you recommend? Scaling Up: How a Few Companies Make It...and Why the Rest Don't by Verne Harnish Fight Club (movie or book) The Hard Thing About Hard Things The Advantage What's your favorite thing to drink? 1968 Old Fitzgerald Old Fashioned Basil Hayden Shoutouts: Woodford Reserve Please & Thank You Enjoyed this episode? Feel free to contact John at john@venturefirst.com and connect with him on Linkedin . Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
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Path to Progress with Paul Heintzman and John Ackerman

Erica Outlaw and Lindsay Brough from Crushed Ice Catering and The Ice House teach us how to have a great wedding without blowing our budget. Some questions answered in this episode: How do you transition from the catering industry to the venue industry? How do you sell something that does not exist? What were the first few years like after opening the business? What is the atmosphere at the company today? When did the day-to-day job duties transition from 80 hour workweeks to having a team to take some of the load off? How do you get millennial employees to buy into the company? What are some catering "musts" for your wedding? What are tricks to save money on your wedding catering without compromising quality? What is a good number of people to invite to your wedding? What is the price difference between a buffet and a plated dinner? Who is the first person you should talk to when planning your wedding? How far in advance should somebody book a wedding venue? What does Ice House give you if you visit them to book your wedding? Should you hire a wedding planner? What are things you can skimp on and what are things you cannot skimp on for your wedding? How would you plan the most frugal wedding? How much does an average wedding cost? Should you have a DJ or a band? How do you properly open a bottle of champagne? What are tips to save money on a bar without ruining everybody's time at your wedding? What is the biggest mistake couples make during the wedding planning process? What are attributes of Erica's and Lindsay's favorite couples? What are their ideas of a good wedding? What advice do they have for somebody getting married? Last call: What advice would your 60 year old self give you today? Slow down and appreciate more. Don't sweat the small stuff. What is your definition of success? Providing for employees. What's the best thing you've spent money on in the last six months? Trip to the Bahamas Trip to Napa Valley What book/documentary would you recommend? Oh Crap, Potty Training Second Life Podcast The Address What's your favorite thing to drink? Vodka Tonic with Two Limes Tequila Rosé in the summer Shoutouts: Chandon Sparkling Wine Stevie Rays Blues Bar Enjoyed this episode? Feel free to contact Erica at erica@crushedicecatering.com and Lindsay at lindsay@crushedicecatering.com . Also connect with them on Facebook for either The Ice House or Crushed Ice Catering . Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
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Path to Progress with Paul Heintzman and John Ackerman

1 #59: Investment Real Estate with a Closer: 1:11:43
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Chip Ridge, President of Millennial Title , teaches us the ins and outs of investment real estate. Some questions answered in this episode (as always, any views expressed in this episode are personal opinions - do your research and consult a professional before investing in real estate): What is title insurance? Why did you start Millennial Title? What are the different objectives you can achieve with investment real estate (cash flow vs. asset accumulation)? Why should somebody invest in real estate? What are some of the major factors to consider before investing in real estate? Would you rather invest in a commercial, single-family, or multi-family property? What mistakes has Chip made while investing in real estate? What is the expected time-frame you should expect to hold an investment property? Is it hard to find a good real estate deal right now? How long does it take to find a good deal? Does the current market remind you of the 2007 bubble? What is the most important factor in making money in real estate? What are characteristics of properties you wouldn't touch? What are the biggest benefits of investment real estate? Why is leverage so important with investment real estate? What are the tax benefits of investment real estate? Who should you rely on when you begin investing in real estate? Should people manage their own properties or hire a management company? What are characteristics of home-run properties? How do you sell a company? Last call: What advice would you give to your 22 year old self? Live life in the moment. What is your definition of success? Being a mentor and a steward, and being thoughtful every day. Chip is currently undergoing a project called "Block Change" to promote homeownership in communities that traditionally have third party housing. What advice would you give to somebody just starting a business? Surround yourself with a strong group. What's the best thing you've spent money on in the last six months? His childrens' education. What book/documentary would you recommend? Malcolm Gladwell - The Tipping Point What's your favorite thing to drink? Sol Lagunitas Shoutouts: Wolf's Ridge Brewing Columbus Brewing Enjoyed this episode? Feel free to connect with Chip on LinkedIn or at chip@millennialtitle.com . Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
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Path to Progress with Paul Heintzman and John Ackerman

Bobby Nichols, our favorite millennial homebuyer, comes back on the show to give us an update on year two of owning his home. Click here to check out Bobby's initial thoughts. Some questions answered in this episode: How has the second year of owning a home been different from the first? What caused the most stress when originally purchasing your house? What are some pros and cons so far of buying a home? What is the worst thing that went wrong since owning your house? How did you get over the fear of commitment when purchasing? When did you start thinking about your house as an investment? What is something you thought would be amazing in your house that you don't care about now? What is something you didn't originally care about when purchasing your home that you couldn't live without now? Why did you pick that house? Was there a key factor? What would you do with your house if you had to move away? How long do you think you will stay in your house? How has this opinion changed from when you purchased the house? What has been the hardest thing about owning a house? What has been the best thing about owning a house? Would you purchase this house again? Last call: What advice would you give to your 22 year old self? Save more money. Don't spend as much money on your friends' drinks. What advice would your 60 year old self give you today? You don't have to be an asshole. You should have spent more time and money on other people. What is your definition of success? Live a life that is energized and motivated on love and loving others, regardless of if the other person is worthy. How can you be of service to other people? What's the best thing you've spent money on in the last six months? Paid off his car so now he has more fun money. Bonnaroo What book/documentary would you recommend? On Being podcast Siddhartha The Spirituality of Imperfection What's your favorite thing to drink? Basil Hayden's Wild Turkey 101 Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
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Path to Progress with Paul Heintzman and John Ackerman

Kyle Elmore, President & Owner of White Picket Real Estat e, joins us to give millennials tips on what to look for when buying their first home. Some questions answered in this episode: What has happened with Kyle and White Picket since he last came on our show ? How does Kyle manage growth and hiring employees? What is the biggest factor in White Picket's growth? How does somebody buying a home differentiate between a good and bad realtor? What are the first steps when purchasing a home? How does the home buying process work? How long does it take to go from the beginning of the home buying search to moving into a house? How many houses does it take before somebody finds their perfect house? How does a home buyer decide on a house to purchase? What do millennials want in their homes? What do the terms 3/2 and 2/1 mean in real estate? What are some things people think they want in a house they don't really need? What is the thing Kyle looks for when he's purchasing a home? What are tips for somebody looking to sell their house? Why do some houses sit on the market for a long time? What are red flags when you're looking at a house? How can you switch your realtor if you're unhappy? What are the biggest mistakes home buyers make? What is Kyle's favorite part about his job and owning his own business? What has Kyle learned in the last 3 years of being an entrepreneur? What would Kyle say to somebody looking to purchase their first house? What is the hottest area of Louisville and what is the next area to take off? Last call: What's the best career advice you've received? Do it for yourself. What advice would your 60 year old self give you today? Be more aggressive - do more. Don't take a break, just run. What advice would you give to somebody wanting to start their own business? Do it. What is your definition of success? Happiness for Kyle, his wife, and his daughter. Making clients happy. What's the best thing you've spent money on in the last six months? Little Tikes golf set for his daughter (future purchase). His new house and his new golf driver. What book/documentary would you recommend? Audible on Amazon Gary Vaynerchuk. What's your favorite thing to drink? Cabernet Sauvignon SHOUTOUTS: Brewgrass Homebrew Supply 3 Floyds Brewing Co. Widmer Brothers Brewery EXP Realty Coalition for the Homeless Be sure to learn more about Kyle and say hey by contacting him at kyle@whitepicketky.com or by texting him at (502) 389-9920. You can also check out our first episode with Kyle by clicking here . Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
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Path to Progress with Paul Heintzman and John Ackerman

JON SANDERS, MORTGAGE LOAN OFFICER AT STOCK YARDS BANK & TRUST, SITS DOWN WITH US TO EXPLAIN MORTGAGES. JON BREAKS DOWN THE TERMINOLOGY AND GIVES US TIPS ON HOW TO GET A MORTGAGE FOR YOUR DREAM HOME. Some questions answered in this episode? How did Jon Sanders first get into the mortgage business? How are mortgage rates determined? How often do rates change and what are the current rates? What are the most important things to think about when you're looking to buy a house? How do you know if you're ready to purchase a house? What advice would Jon give to somebody purchasing their first house? What is the debt ratio and why is it important? What is a good debt ratio? How much should you save for your down payment? What is Fannie Mae? What is mortgage insurance and how big does your down payment need to be to avoid it? What information do you need to provide to get a mortgage? How does it change if you're an entrepreneur? What is a good credit score and when should you be worried about it? What is Jon's opinion on 15-year vs. 30-year mortgages and people paying off their mortgages early? What is the biggest issue Jon sees with millennials purchasing houses? When is somebody ready to reach out to Jon about purchasing a house? What is refinancing and when should somebody refinance? What is a home equity line of credit? How does an escrow account work? What are unexpected fees when purchasing a house? Who is the perfect person to buy a house? Should somebody pay off their mortgage early? LAST CALL QUESTIONS AND ANSWERS: What's the best career advice you've received? Be yourself. What advice would you give to your 22 year old self? Be yourself. What's the best purchase you've made in the last six months? Begonias (flowers). What is your definition of success? Doing something you genuinely care about. What book/documentary would you recommend? Wendell Berry poetry What's your favorite thing to drink? LaCroix with Vodka West Sixth IPA SHOUTOUTS: Brewgrass Homebrew Supply El Mundo Frank Otte Be sure to learn more about Jon and say hey by connecting with him on Linkedin or Twitter , or email him at jon.sanders@syb.com . Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
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Path to Progress with Paul Heintzman and John Ackerman

JONATHAN KLUNK, PRESIDENT OF KEY SOURCE PROPERTIES , JOINS US TO DISCUSS SHORT-TERM RENTALS (AIRBNB), WHICH ARE HUGE IN LOUISVILLE DURING KENTUCKY DERBY TIME. Jonathan got his start in short-term rentals by trying it out on his own, which caused him to realize how little others knew about the budding industry. He was interested to see if his property would get demand for Kentucky Derby, and was shocked at how quickly his property became booked. After requests from his friends to help them out with their Airbnbs, he decided to start a side business. The perfect Airbnb property? Jonathan says you should strive to make your property as unique and interesting as possible. Many people love staying in Airbnbs that remind them of hotels, so you should have all the same amenities somebody would ordinarily find in a hotel. Also, remember your guests are on vacation, so they don't necessarily want to stay in a house that reminds them of their own home - your property should be eclectic and unique to stand out in a crowded market! While you might think of Airbnb as somebody staying at your house on weekends, it is becoming more common for investors to purchase properties and use them exclusively for Airbnb/short-term rentals. Additionally, Jonathan has never run into a situation where a property was trashed, so if you're worried about somebody messing up your house that should not be a concern. It could also be a great idea to purchase a property in a city you like to visit and renting it out on Airbnb to cover your costs. While building his company, one of Jonathan's keys was starting it as a side business and being able to grow it while still keeping a full-time job. Jonathan also sees a growing market for corporate rentals - rentals that are greater than 30 days that are popular with business executives. There are also less regulatory hurdles if you operate your property this way - as it is not considered a "short-term" rental property. Some considerations if you're interested in owning a short-term rental property: State and city taxes (including transient/hotel taxes). Increase in property insurance. There is more competition today due to the popularity of Airbnb, so it is important to get in the game early to have more reviews for potential customers to view. In addition to Airbnb, there is a growing market for VRBO (Vacation Rental by Owner) as well as other alternatives for people looking to get into the short-term rental business. The biggest thing Jonathan has learned being an entrepreneur is how to be a great salesman. Jonathan's favorite thing about the Kentucky Derby is the excitement it brings to the City of Louisville. Key Source Properties is looking to expand in the Nasvhille, Lexington, and Frankfort markets in the next year as well as expanding into different services. LAST CALL QUESTIONS AND ANSWERS: What’s your definition of success? Have a nice retirement. Be happy with the trajectory of the business. What advice would you give to somebody who wants to be an entrepreneur? Whenever you thing the time is right you need to just do it. Nobody know for sure what will happen. What advice would you give to your 22 year old self? To be a sponge and learn about everything - read more. What advice would your 60-year-old self give you today? Slow down. What's your favorite thing to drink? Bourbon and Fresca The best thing you have spent money on in the past 6 months: Investment plan for employees. SHOUTOUTS: 3 Floyds Brewing Co. West Sixth Brewing Country Boy Brewing Brewgrass Homebrew Supply Young Professionals Association of Louisville (YPAL) Nathan Shanks Goodwood Brewing Company Galaxie Bar Be sure to learn more about Jonathan and Key Source Properties by checking out the company’s website , Facebook , and Instagram . Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
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Path to Progress with Paul Heintzman and John Ackerman

JOHN ACKERMAN SITS DOWN AFTER HIS TAX SEASON HIATUS TO DISCUSS THE LESSONS HE LEARNED FROM YEAR TWO IN BUSINESS. While we sometimes forget, we actually have a millennial entrepreneur as one of the hosts of Drunken Money (me). I just wrapped up my second tax season as a CPA out on my own, so we decided to kick off Season 2 of Drunken Money with Paul and I discussing what I learned from year two as a full-time entrepreneur. This is: Lessons from Year Two. When you're on your own, there are periods of time when you must work nonstop to make sure your business is successful. To get started in Year One, I called family friends I knew who might use my services, and relied on word of mouth to grow from there. I overcame initial fears of quitting my job by constantly reminding myself "What's the worst that could happen?" In many cases, the worst case scenario is just going back to your prior job (most of the time higher up than when you left because of the experience you gain while you're out on your own). My plan when I started was to make money within 5 years (break even the first 4 years), and rely on my wife's (who is awesome and super supportive - which is the biggest reason I can work on my own) income to survive the first few years. The biggest surprise I encountered was how busy I stayed year round (accounting is a very seasonal business but there is a lot of work year-round to get ready for the busy seasons). For many entrepreneurs, if you do good work, you will get more clients than you initially expect. In my case, the 8 or so clients I started out with slowly grew through word of mouth. There were also friends and acquaintances I wasn't expecting to get as clients who called me up to do their work. Sales strategies Paul (who is very successful at his job), has a huge network he has developed and is a terrific salesman. I do not like to sell and am not a huge fan of networking events, but I think if you do good enough work for your clients and they trust you/know you have their best interest at heart, your business will grow organically. Also, Drunken Money has done great things for my business as well and has really given me an outlet to market my services without constantly making sales pitches. Process of hiring employees This was the most difficult part for me from year one to year two. In total, I had four people helping me this tax season, after never managing employees before, and had to learn how to juggle multiple projects at once along with multiple employees' schedules. Instead of focusing on one project at a time from start to finish, I had to learn this year how to shuffle multiple projects along at the same time to make sure the projects all were completed by the due dates. Luckily, everyone who helped me this year had a fantastic attitude and was eager to learn. Managing Expenses From year one to year two, my expenses increased dramatically due to payroll, rent, and additional computer equipment/software because of the new employees. I went from working out of my house by myself to working out of an office with support. One thing this resulted in was me not being as conservative with my billing and to bill what my time was worth instead of trying not to offend clients by billing as little as possible. I now have many more expenses I must pay for to keep my business open, and need to make sure I bill enough to stay in business. Purchasing an office This process took a few months to complete - if you are looking for a space for your business, make sure you leave enough time to close on the space and leave time for renovations before you move in. This was a game changer - as it really made my business more legitimate in the eyes of many clients and gave me a place to always have meetings instead of coffee shops. I'm a big fan of working from home, but nothing can replace having a permanent physical office for necessary meetings and to legitimize your work. What is the most important thing an entrepreneur should focus on? Make money and turn a profit. The most important things are not publicity and marketing, it is making money and being able to have a business and not just an idea. If you constantly give away free work (which was my biggest mistake my first year), people will keep expecting you to give free advice and will devalue your work. If somebody thinks your bill is too high, at least in my case, it was often because I did not give a good enough explanation to them about the detail I go into. It is not simply plugging somebody's information into a computer, there is much more analysis, review, and advice given than what many people initially realize. Getting clients and people to believe in you and the work you do is one of the most rewarding things as an entrepreneur. For me, it was getting old teachers from college as clients my first year that really made me feel like I could be successful out on my own. What advice would my 60 year old self give me today? Work less It's a very common answer for entrepreneurs to feel like they work too much, and I have to keep reminding myself to work less and to enjoy the moment each day. So often you try to rush to the finish line instead of enjoying the process. What would be my dream job? Chef - I loved Emeril growing up! As Paul noted, my tag line if I was a celebrity chef would probably be "Can we make it vegan?" SPECIAL SHOUTOUTS AND SHOW NOTES: Wild Turkey Green Man Brewery Alex Wright - Payroll Solutions Nikki Chin Tarik Nally / Kale & Flax Rework El Mundo Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
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Path to Progress with Paul Heintzman and John Ackerman

Everyone likes to talk about how millennials are industry killers. Well we’re going to break it down, talk about a few of these industries, and maybe what we should kill next. This is millennials: industry killers. Here are the shoutouts: MadTree PSA: the beer we drank Milewide Hooters and Buffalo Wild Wings Applebee's Top Golf Dave and Buster's Dove Men+Care Heuser Health OrangeTheory NFL Exxon Ticketmaster Venmo Smart Data Systems Taylor Swift , Foo Fighters , and Phish Impossible Patty…
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Path to Progress with Paul Heintzman and John Ackerman

We've been asked a few times why we started Drunken Money, so we wanted to flip the script and let John Ronayne , our favorite Homebrewer from Brewgrass Homebrew Supply , interview us while we brewed our newest beer, the Roth IPA. Have any topics you want to be covered or amazing people you'd like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
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Path to Progress with Paul Heintzman and John Ackerman

1 #51 How to Do It All with Zack Pennington 1:25:20
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Zack Pennington might be the coolest guy we know. In addition to being a co-founder or co-owner of Herelancer , U.S. Chia , and Flying Axes , he is also the lead guitarist for Light Treasons and is a Sales Manger at EdjAnalytics . How to Do It All: Zack is one of the owners of Flying Axes in Louisville. Although his initial reaction was that it wasn't a great idea, after going to an axe-throwing venue in Canada, Zack realized it was a great industry that appealed to everyone (similar to darts and bowling). The team also received great publicity thanks to Jennifer Lawrence on Jimmy Fallon . After graduating from college, Zack was in a band and toured across the country. He credits this band for helping him with business, sales, and marketing. When Zack was getting his MBA, he started U.S. Chia, a domestic chia seed production company. He started the company with a plant scientist, who had a patented variety of chia seeds that would grow in the United States. Zack's biggest strength was giving the pitch in business plan competitions. The secrets to a great pitch: Make it simple enough for the average person to understand it. Be confident and credible enough to make it seem like you know all the jargon and technical aspects of the company/industry. Once U.S. Chia was established and could operate as a stable business, Zack and his partner decided to sell the company in November 2017. Recently, Zack decided to start a new band, Light Treasons. Listen in for a quick taste of "The Romantic". Zack also started Herelancer, which connects people in the community with local freelancers. With Herelancer, Zack was able to focus on aspects of the business other than strictly sales by teaming up with a partner who also has similar strengths. Within the last few months, Zack pulled a 180 and went to work for Edj Analytics as a Sales Manager. Since he is the first person in his position, Zack still gets to play the role of entrepreneur even though he works for somebody else. He explains his reasoning for taking a comfortable job with a salary while still investing in other ventures. How does Zack manage all his projects? It's amazing how much can be accomplished when you condense your time and focus on the most important tasks. He turns off all notifications and distractions on his phone and batches his time to get the maximum amount done. What's the most important thing somebody should focus on when starting a business? All that matters is how many people you can convince to purchase your product/service and how expensive is it to produce? Last call questions and answers: What's the best career advice you've received? Invite people out to lunch who can teach you something or you can help. Reach out to people you think are unavailable. What advice would you give to your 22-year-old self? If you make enough money early, you can do what you love forever. What advice would your 60-year-old self give you today? Your optimism was the only asset that was perpetual. Invest in the inevitable. The best thing you have spent money on in the past 6 months: Buying food for other people. What media do you recommend: The Hard Thing About Hard Things Seth Godin Rework Favorite thing to drink: Bourbon and Tecate Angel's Envy Special shoutouts and show notes: Woodford Reserve - according to Zack it's scientifically the best bourbon. Jameson Irish Whiskey Old Forester The 4-Hour Workweek Ballotin Chocolate Whiskey You can learn more about Zack by connecting with him on LinkedIn . Have any topics you want to be covered or amazing people you'd like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
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Path to Progress with Paul Heintzman and John Ackerman

Sisun Lee, Founder/CEO of Morning Recovery , joins us to discuss how he manages his startup's growth in Silicon Valley. Morning Recovery: Sisun explains how he came up with the idea for Morning Recovery and executed his idea into a successful company. His Korean heritage (and Koreans' affinity for drinking) was one of the keys to getting the idea for the product. He had tried similar drinks in Korea, and wanted to dive into the science behind the drinks and how he could create his own product. DHM, an antioxidant found in Korean raisin trees , is the secret to Morning Recovery's success. After creating the drink with the help of Dr. Jing Liang, a USC professor, Sisun gave prototypes to his friends at Tesla, Uber, and Facebook. Overwhelming demand forced Sisun to quit his job at Tesla and work full-time for Morning Recovery. Indiegogo was the first major step in evaluating market demand. Sisun explains how he manages the company's explosive growth. Being first to market was a major factor in the growth. To test Morning Recovery, Sisun would give his friends placebo bottles and measure against new formulas. Version 2 will be released soon, as the Morning Recovery team underestimated how much people drink with the release of Version 1. We were lucky enough to receive a sample of Version 2! Sisun tells us what it's like managing venture capital and potential investors in Silicon Valley (there are more investors willing to invest than Morning Recovery can accept!). Their Series A round will be launched in the first quarter of 2018. Silicon Valley has played a huge impact on the success of the company. It is much easier to be successful if you're surrounded by like-minded people. Sisun only considered in Los Angeles and New York for the headquarters of Morning Recovery. The location also plays a huge role in finding talent to work for the company. Small things, such as being able to go to parties with social media celebrities, provide invaluable exposure for the company. What separates successful startups in Silicon Valley from the others? It all comes down to execution and having a clear focus. Morning Recovery is not the first hangover cure, just as Soylent is not the first meal replacement. The success can be attributed to having great products and being very marketable. What is Sisun's "normal" work schedule? It's a fire drill - get the most urgent thing done everyday. Every employee is a generalist and can be called on to perform any task. It's impossible to think even one month ahead because of the intense workload. Everything is day-to-day. What's next with Morning Recovery? Version 2 is coming to market soon and should be the main product in the future. Version 1 was a good test and measure of customer demand, but was primiarily . There also could be pills/powder sold online to provide a cheaper alternative than a bottled drink. Last call questions and answers: What's the best career advice you've received? You need to focus on the most impactful thing the company needs, identify it, and get it done. Go above and beyond your job description. What advice would your 60-year-old self give you today? Be more bold (it seems many older people regret not taking action). The best thing you have spent money on in the past 6 months: Nami Sake What media do you recommend: Thinking, Fast and Slow by Daniel Kahneman Favorite thing to drink: Nami Sake Whiskey Hennessy Cognac Special shoutouts and show notes: Indiegogo Tesla Uber Facebook Soylent - John's daily lunch Be sure to learn more about Sisun and Morning Recovery by checking out the company's website , Facebook , Twitter , and Instagram . Have any topics you want to be covered or amazing people you'd like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe . About Sisun: Prior to starting Morning Recovery, Sisun was a staff product manager at Tesla, and a product manager at Uber and Facebook. He graduated with a Systems Design Engineering degree from the University of Waterloo. His story with Morning Recovery begins with his trip to Korea where he witnessed locals frequently taking drinking supplements after drinking alcohol. Back in the States, he dove into research, and created Morning Recovery with the goal of helping people get back their time. "We want you to wake up the next morning feeling amazing and ready to tackle your day." https://www.linkedin.com/in/sisunlee/…
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Path to Progress with Paul Heintzman and John Ackerman

Brandon Zahursky, aka RIVVRS, joins us to discuss how to make it as a musician, how he makes money in today's music industry, and his advice for aspiring musicians. RIVVRS: Brandon is currently based in Los Angeles but is from San Francisco. He describes how he got started in music when he was younger thanks to Barney. He later got into AC/DC, Black Sabbath, and classic rock before switching to acoustic guitar. How did he learn guitar? By sitting alone and watching Youtube videos. For the first year and a half as a musician, he lived on friends' couches before meeting his manager 5 years ago. Music has been his full-time job for the last 2 years. While focusing on his music, he took a seasonal job at a winery to make ends meet until he was able to pursue music full-time. Writing "I Will Follow You" and having it placed on the show "About a Boy" proved to be RIVVRS' big break and encouraged him to quit his job. When does being a musician become more expensive? On longer tours when you have to go further from home (paying for gas and hotels). Brandon views touring as a promotional tool, not necessarily as a way to make money. What advice would he give to an aspiring musician? Record labels are dying and won't give you a good deal unless you already have a following. Spotify streams are the best way to get noticed (and pay better than many people think). Brandon explains the difference between "Masters Rights" and "Publishing Rights". Get placements in television/film/and video games. Brandon/RIVVRS accomplishes this by having management companies represent him and place his songs (these royalties are referred to as "mailbox money" as the checks accumulate and arrive in the mail). How has living in Los Angeles helped his music career? Originally from the Bay Area/Napa, L.A. is a faster atmosphere than what he would like. But living in L.A. (or Nashville) is extremely important in making connections and being successful in the music industry. RIVVRS has been able to work with more like-minded people and meet more artists/publishers than he would in another city. He would like to live in Nashville eventually, as it would allow him to escape work a little bit more. We learn about the future of RIVVRS and the plans for his next album/potential double EP. How does Brandon differentiate RIVVRS from his competitors? He credits drive as the biggest factor in those who make it in the music industry vs. those who don't get the notoriety. He also believes in slowly building (as Miley Cyrus said - "It's The Climb"). Brandon defines his genre as "Indiecoustica", but enjoys making wide-ranging music that doesn't fit in a box to stay interesting. What does a "typical" day/week look like as a professional musician? Right now, since he's not on tour, Brandon is able to relax and enjoy his downtime. He tries to always start his day early to be more productive. Tip: Brandon sets a timer for 2-3 hours and focuses on playing guitar/songwriting for the entire time without interruption. Last call questions and answers: What advice would your 60-year-old self give you today? You can't make everybody happy, so don't try so hard to make everybody happy. The best thing you have spent money on in the past 6 months: Guitar - Martin D41 2012 Volkswagon Tiguan What media do you recommend: Rich Dad Poor Dad by Robert Kiyosaki A Life in Parts by Bryan Cranston Serial podcast And the Writer Is... College Radio stations Song Exploder Favorite thing to drink: Magnolia Brewing Kalifornia Kolsch Montucky Cold Snacks Cider and Jameson Favorite city: New York City Missoula, Montana Pine Creek Lodge in Paradise Valley, Montana Portland, Oregon and Bend, Oregon Special shoutouts and show notes: Jameson Irish Whiskey The National Parks Michael Franti Be sure to learn more about Brandon and RIVVRS by checking him out at rivvrs.com and on social media ( Facebook , Instagram , Twitter ). Also, make sure to buy his new album, Cosmic Dream, in 2018. Have any topics you want covered or amazing people you'd like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe . About Brandon/RIVVRS : THROUGH COMPELLING SONGS AND CHARISMATIC PERFORMANCES, SINGER-SONGWRITER RIVVRS RADIATES AN ENDEARING AND OPTIMISTIC VISION. HIS MUSIC CONNECTS THE AUTHENTICITY OF AMERICANA WITH THE ACCESSIBILITY OF POP, FRAMED BY THE ARTIST’S EMPATHIC VOICE AND EMINENTLY APPROACHABLE SONGCRAFT. HIS LATEST FULL-LENGTH COSMIC DREAM IS DUE FOR A 2018 RELEASE, AND THE LEAD SINGLE FROM THE PROJECT “DON’T GIVE UP ON ME” IS NOW AVAILABLE ON SPOTIFY AND OTHER LISTENING PLATFORMS. WHILE MAINTAINING AN EXTENSIVE PERFORMING AND TOURING CALENDAR, RIVVRS PREVIOUSLY TRACKED THE EP HOLD ON , A FULL-LENGTH RELEASE UNFAMILIAR SKIN , AND A VARIETY OF SINGLES TO AUGMENT THESE PROJECTS. NOW CO-PRODUCING HIS NEXT RELEASE IN UTAH WITH JOSHUA JAMES, HE SAYS THAT COLLABORATING WITH OTHER SONGWRITERS IS FULFILLING. “MUSIC IS A CONNECTION, AND IF YOU'RE THE ONLY FORCE IT DOESN’T ALWAYS WORK. CO-WRITING IS WHERE I CAN GET OUT OF MY HEAD AND OPEN THE CREATIVITY UP INTO A PLACE I WON'T ARRIVE ON MY OWN." A NORTHERN CALIFORNIA NATIVE NOW RESIDING IN LOS ANGELES, RIVVRS -- NÉE BRANDON ZAHURSKY – HAS OVER 30 SONG PLACEMENTS ON NETWORK TELEVISION SHOWS, AND OVER EIGHT MILLION SPOTIFY STREAMS. BEGINNING WITH HIS DEBUT SINGLE “I WILL FOLLOW YOU,” WRITTEN INTO THE SCRIPT OF AN EPISODE OF ABOUT A BOY IN 2014, THESE ONGOING SYNC USAGES ALLOW FOR A FULL TIME LIVING AS A MUSICAL PROFESSIONAL. “IT’S BEEN A REAL PRIVILEGE TO CONTINUE WITHOUT HAVING TO GRIND,” HE SAYS. BUOYED BY AN ANIMATED ONSTAGE CHARM, HE COMMANDS AUDIENCES WITH JUST HIS VOICE AND AN ACOUSTIC GUITAR, BUT HE BELIEVES THAT HIS SONGS SHINE WITH A FULL BAND. “I LOVE PLAYING MUSIC WITH PEOPLE. TO ME, THAT’S WHERE THE CONNECTION AND CHEMISTRY COME IN, AND WHERE THE SONGS OPEN UP.” HIS EARLY YEARS WERE SPENT MOVING WITH HIS BLENDED FAMILY ACROSS CALIFORNIA, WASHINGTON AND OREGON, THEN BACK TO THE BAY. IT WAS A NONTRADITIONAL UPBRINGING. HE REMEMBERS AT ONE POINT STAYING IN A HALFWAY HOUSE WITH HIS PARENTS, A SHELTER WHERE ADDICTS COULD GET CLEAN. RAISED ON CLASSIC ROCK COURTESY OF HIS FATHER, RIVVRS SAYS THAT VISUAL MEDIUMS WERE INVALUABLE IN HIS DISCOVERY OF MUSIC; ESPECIALLY SINGER-SONGWRITERS WITH SONGS ON TELEVISION SHOWS. “I DIDN’T SET OUT TO MAKE PLACEABLE MUSIC, BUT BECAUSE IT’S WHAT I LIKE AND LISTEN TO, AS I BEGAN WRITING I HAD A SIMPLE WAY OF STRUCTURING SONGS THAT APPLIES,” HE RECALLS. PRIOR TO HIS FULL-TIME CAREER AS AN ARTIST, RIVVRS WORKED IN THE WINE INDUSTRY. LEAVING TO TRAVEL WITH A FRIEND, HE COUCH SURFED, PLAYED HOUSE CONCERTS, AND WAS PERFORMING AT A COFFEEHOUSE IN SAN LUIS OBISPO WHEN ANOTHER ARTIST RECOMMENDED THAT HE ATTEND THE DURANGO SONGWRITERS EXPO NEAR SANTA BARBARA. IT WAS HERE THAT HE CAME TO THE ATTENTION OF THE HOLLYWOOD MUSIC SUPERVISION COMMUNITY. MOVING TO A NEW CITY, RIVVRS SAYS THAT HE HAS SPENT VALUABLE TIME BALANCING THE EXPECTATIONS AND THE REALITIES IN THE CITY OF THE ANGELS. WHILE HE APPRECIATES THE CREATIVE ENERGY OF HOLLYWOOD, HE IS RELOCATING OVER THE HILL TO THE SAN FERNANDO VALLEY, WHERE GREEN SPACE IS MORE PREVALENT. “I AM AT THIS POINT WHERE THERE IS SUCH A SILVER LINING -- SO MUCH CHANGE, AND THE OPPORTUNITIES TO MEET SO MANY GOOD PEOPLE,” HE CONFIRMS. AS HE NOW EXPANDS HIS AUDIENCE THROUGH SUCCESSIVE NATIONAL TOURS, RIVVRS MOVES INTO A NEW PHASE IN HIS CREATIVE FUTURE. “I SPENT THE ACCUMULATION OF MY YOUNG ADULT YEARS CATCHING UP, AND REALIZING THAT I COULD BE THE PERSON I WANT TO BE,” HE SAYS. AND HE BELIEVES THAT INTERPRETATION IS THE POWER BEHIND HIS MUSIC. “I HOPE PEOPLE LISTEN TO THE SONGS THAT I HAVE, AND CAN SOMEHOW HEAR WHAT IS HAPPENING IN THEIR OWN LIVES. EVERYONE WANTS TO FEEL A CONNECTION.”…
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Path to Progress with Paul Heintzman and John Ackerman

For this episode, we wanted to mix it up and let you, our listeners, ask us any questions you had about personal finance. Ask Drunken Money Anything: What is our best advice for planning ahead for a large purchase (such as a vacation), without sacrificing going out to the bars and making fun purchases? This is the reason we created the " Six Tenets of Drunken Money ". Make sure you know exactly how much money you need to reach your goals, and then use the 50/30/20 rule of budgeting to achieve your goals. Remember to always tell your money where to go, don't look back at the end of each month and be surprised by your purchases. There are a lot of great free apps to help with budgeting, and you can create a separate savings account for your large goal so you don't spend the money you've saved. Cut back on unnecessary purchases (such as Spotify or Netflix subscriptions) in order to achieve your larger goals. How large of an emergency fund is necessary for a millennial? The general rule for emergency funds is to have 3-6 months of savings in case you lose your job. The tougher it is for you to find a new job and replace your income, the larger your necessary emergency fund (a teacher may need a larger emergency fund in the middle of the school year if they wouldn't be able to get a comparable position until the next school year). You can also keep separate emergency funds for unexpected events (such as an extra $1,000 set aside for a future car breakdown or money in a Health Savings Account for medical emergencies). Keep emergency fund money in low-risk savings accounts you can easily access in case of emergency. Do not invest emergency fund money in stocks or other riskier investments. This is money you do not want to decrease in value, and you want to make sure you can easily get to it (don't invest it in real estate or long-term Certificates of Deposit). What advice do you have for a student to save up income while in college? Get a job! Both of us had jobs in college, and you most likely have free time between classes and on weekends to work (and all summer!). You generally will have very few expenses while in college, so you can really save up your income (also - drink at home and eat at school to save money). Make a budget! Do not blow the money you are making. Invest as much as you can - the biggest advantage you have is time (see our Compound Interest episode ). What is Vanguard? Should millennials invest in Exchange Traded Funds (ETFs) or Mutual Funds? An ETF is a slice of a larger pool of stocks you can purchase (for example, you can purchase an ETF that mirrors the S&P 500 index fund for a fraction of the cost of purchasing all the companies in the S&P 500). Many investors love ETFs because they have very low fees. A mutual fund is a group of investments that is managed by a professional. While many investors also love mutual funds, the fees are much higher than ETFs and will add up substantially over time for millennials investing in the long-term. Check out our episode all about investing with Keith Blakely . What are the advantages and disadvantages of renting vs. purchasing commercial real estate? When purchasing real estate, lenders are going to look at your profitability (do you make money?), your income trend, and your collateral (what will you give them if you default on the loan?). They'll also look at your personal financials to make sure you don't have too much debt, you have a large enough down payment, and have enough cash flow to pay off the loan. For tax purposes (for businesses): Renting: Tne entire rental payment each month is deductible on your taxes. Owning: Only the interest paid on the loan's monthly payment is deductible (you cannot deduct the principal portion of the loan payments). You will also be able to depreciate your building over time (commercial real estate can be depreciated over 39 years). You would also want to look at your cash flow and make sure you can easily make the monthly loan payments if you decide to purchase a building. For tax purposes (for personal): Renting: You can't deduct any rental payments. Owning: If you itemize your deductions, you can deduct your mortgage interest on your principal home. You cannot take any depreciation unless you use your home for business. Also, don't forget, when you purchase real estate you are building equity over time, and can eventually sell your building for (hopefully) more than your original purchase. Special shoutouts and show notes: Betterment You Need a Budget (YNAB) Vanguard Enjoyed this episode? Check out one of our first episodes, Dissecting Dave Ramsey's Seven Baby Steps. Have any topics you want to be covered or amazing people you'd like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
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Path to Progress with Paul Heintzman and John Ackerman

1 #47 Chocolate Takeover with Ballotin Chocolate Whiskey 49:09
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Paul Tuell, Founder of Ballotin Chocolate Whiskey , shares his secrets to creating a whiskey brand and how he has grown the company from idea to booming success. Where would you begin if you wanted to start a liquor company? Find out how Ballotin Chocolate Whiskey was created and the steps Paul Tuell took to ensure his brand would be a success. Ballotin Chocolate Whiskey: Paul discusses his career before launching his own whiskey brand, and how his experience at major corporations prepared him to launch his own business. When did he have the idea to start his own brand, and how long did it take to go from idea to product on the shelf? How did he determine the time was right to leave Corporate America? How many variations of chocolate whiskey did it take to get the perfect formula? What flavors didn't work? Why did he decide to enter the category of flavored whiskey as opposed to another space in the liquor industry? Like many entrepreneurs, Paul saw an opening in the market and took advantage of it. Paul explains how, even though he is an entrepreneur, he has never left the "corporate world" behind him. Also, he gives insight into the advantages of a corporate job and how many people don't appreciate working at big companies. He credits much of his success as an entrepreneur to his experience in the corporate world and the relationships he built over time. We learn how Ballotin Chocolate Whiskey was named (and also get a little history lesson on boxes of chocolate). Ballotin launched with four flavors, and Paul explains why he wanted to start with multiple flavors to give the brand instant credibility and recognition (the flavors are Original Chocolate, Caramel Turtle, Bourbon Ball, and Chocolate Mint). FYI - John's favorite is the Caramel Turtle while Paul Heintzman loves the Bourbon Ball. When deciding on flavors, Paul Tuell made sure to stick with flavors that were recognizable and can be found naturally in whiskey (mint, caramel, chocolate, nuts). Ballotin Chocolate Whiskey originally launched in Kentucky and South Carolina in 2015 and has expanded to 15 states in 2017. The current bestsellers are Caramel Turtle and Bourbon Ball (~28% each), followed by Original Chocolate and Chocolate Mint. We have a tasting of the flavors on air, and can honestly say they blew our minds. While you definitely taste the flavors in each whiskey, none were cloyingly sweet and all were extremely enjoyable and easy to drink. John and Paul Heintzman would definitely recommend these to whiskey/bourbon drinkers (like us) and non-whiskey drinkers as well. We find out what's next for Ballotin Chocolate Whiskey and can't wait for what the future holds. Last call questions and answers: Best career advice: "Never burn a bridge. Be nice." What advice would you give your 24-year-old self? "Work harder." The best thing you have spent money on the past 6 months: A car for his son's 16th birthday. What media do you recommend: Lincoln in the Bardo: A Novel by George Saunders Anything by James Lee Burke Favorite thing to drink with Ballotin Chocolate Whiskey: Dirty Manhattan - 1 part Old Forester , 1 part Ballotin Chocolate Whiskey Original Chocolate, and a splash of bitters Special shoutouts and show notes: Brown-Forman Papa John's Flavorman Tito's Vodka Liquor Barn Rebecca Ruth Candy Be sure to learn more about Ballotin Chocolate Whiskey by visiting their website , following them on social media @ballotinwhiskey , and finding them in stores near you! Enjoyed this episode? Check out the episode with Great Flood Brewing where we discuss how to open a brewery. Have any topics you want to be covered or amazing people you'd like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
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Path to Progress with Paul Heintzman and John Ackerman

Zach Barnes, Owner of Great Flood Brewing Co, comes on the show and shares the story of Great Flood's rise from idea to a brewery to canning and distribution. Ever wanted to learn how a couple young guys could start a successful brewery? This is the story of how Great Flood Brewing Co got started. Great Flood Brewing Co: Zach tells us how brewers decide which beers should go into cans, and gives us a teaser for future Great Flood beers. We learn the guys' biggest hurdle to actually opening a brewery. While some people might think of opening a brewery as a fun hobby, these guys took a look at the market beforehand and made sure there was a need for their product before starting the business. They made sure success was not an accident. The original plan was for Zach to be a silent partner but immediately had to come on board full-time after Great Flood ran out of beer opening weekend. To differentiate their business, they decided to open a tap room and avoided the high overhead and hassle of running a full-service kitchen. How did they come up with the name Great Flood? What were the first two years like? How did the guys recover from a decline in sales after the huge opening weekend? Zach explains how they have kept to their original business plan and used it to help them make their decisions. He also discusses the differences between reality and the expectations of the original business plan. He also tells us the unglamorous side of operating a brewery and tap room, and the strain starting a business puts on relationships. How does Great Flood differentiate the tap room and their cans from their competitors? One of the coolest ways was creating an exclusive club for early supporters (and continuing to give them shoutouts on cans). We learn the difficulties transitioning from homebrewer to owning a brewery, and also find out other brewers helped Great Flood with the transition. We also learn the best parts of opening and running the brewery. Zach shares his advice to somebody thinking of opening a brewery. Last call questions and answers: Best career advice: "You can't spend your way into making money." What advice would your 60-year-old self give you today? Spend more time with your friends and family. Best thing spent money on the past 6 months: His new puppy, a Bernese Mountain Dog What media do you recommend: Anything by Wendell Berry, but specifically Hannah Coulter and What People are For? Favorite thing to drink (besides Great Flood): Tequila Special shoutouts and show notes: Against the Grain The New Albanian Brewing Company Bluegrass Brewing Company Apocalypse Brew Works Be sure to learn more about Zach and Great Flood by visiting their website at greatfloodbrewing.com . Also, follow them on social media @GreatFloodBeer and be sure to stop by their tap room at 2120 Bardstown Road, Louisville, KY 40205. Enjoyed this episode? Check out the episode where we brew beer with another beer-centric entrepreneur, John Ronayne from Brewgrass Homebrew . Have any topics you want to be covered or amazing people you'd like us to interview? Let us know! You can email us at info@drunkenmoney.com . You can also find us on Facebook , Instagram , Twitter , and Linkedin . Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe .…
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