Beginning with the captivating detail that Greg Michelman and Brent Knott were discussing the importance of trading the life you have for the life you were born to live, this podcast episode explored the transition from working in the field to running a business, the importance of networking and finding the right people for a job, and strategies for retaining employees. They discussed the importance of relationships and culture in business, and Brent Knott shared his experience of transitioning from a technician to a business owner. Greg Michelman shared his experience of hiring young people and teaching them new skills, and his mentor's advice on mistakes being necessary to learn and grow. Finally, Brent Knott encouraged listeners to subscribe to the show and Greg Michelman reminded them to trade the life they have for the life they were born to live.
Episode Outline:
(00:17:08) CRM Implementation Process
(00:06:01) Managing Employees
(00:34:00) Elevating Employees
(00:28:22) Hiring Attractiveness
(00:11:23) Teaching Young Staff
(00:39:05) Building Company Culture
(00:22:55) Finding Business Partner
(00:00:05) Trading the Life
(00:44:10) Living Your Best Life
Quotes:
(00:42:52) Success is uphill at all times.
(00:15:02) Just be patient. It'll come. And until it does, just keep paying like I'm paying for the material. Don't even stress about it. Just keep putting in the reps and making your mistakes to get the product that you desire.
(00:03:28) It's by far the hardest thing I've ever had to do. I think you get so caught up in the minutiae of the job, and then it becomes immediately rewarding. So, you actually golden handcuffs yourself, in my opinion.
(00:26:32) So two things. First thing is just so I don't forget it because I'll spaz, I'm the same way. You've heard of the 80 20 rule, right?
(00:21:03) It's like I just gave a template. And we went on about our day.
(00:38:28) It doesn't mean 40 hours, but maybe you do ten to 20 hours remotely depending on the position that you're in. But I actually would prefer you not. I would prefer you to do ten to 20 hours of writing the systems and processes of that position for me. That way we can grow this company instead of you working in the position, because the position the dead end job, unless you want to be a manager.
(00:33:31) But here's a piece of paper. This is a Road to 100. If you read the last level, there's a level five installer. It's an owner finance option where I'll help you start your business, but you need to dedicate five years of your life to me, and I'll teach you everything I know, and then we'll start a business together.
(00:00:08) It's never too late to trade the life you have for the life you were born to live.
(00:09:08) The only way to really learn in life is make mistakes. And then you learn from those mistakes, right? You pick up where you left off.
Blog Post:
Are you considering transitioning from working in the field to running a business? Or maybe you’re already a business owner but want to learn more about how to retain employees and create a successful company culture? If so, you’ll be interested in this podcast episode featuring Greg Michelman and Brent Knott.
The episode focused on the transition from working in the field to running a business, the importance of networking and finding the right people for a job, and strategies for retaining employees. It’s an inspiring episode that starts with the captivating detail that Greg and Brent were discussing the importance of trading the life you have for the life you were born to live.
Relationships and culture are two of the most important elements of any successful business. Brent Knott shared his experience of transitioning from a technician to a business owner and the challenges he faced in finding the right people for the job. He also encouraged listeners to take risks and reminded them that success is an uphill journey, and one should not compare themselves to others.
Greg Michelman shared his experience of hiring young people and teaching them new skills, and his mentor's advice on mistakes being necessary to learn and grow. Greg has an uncanny ability to network and meet people and believes that hiring is a form of marketing and advertising for people within a business. He also told the story of his mentor who sold him a business for $25 with the promise to do the same for other people.
One of the key takeaways from the episode was the importance of providing guidance and mentorship to young people. Greg Michelman created a single page document called “Road to 100” to help his employee, Hannah, reach her goal of running her own shop. The document outlines a five-year plan where Greg will teach Hannah everything he knows and then they will start a business together.
It’s clear that Greg and Brent have a lot of wisdom to share when it comes to transitioning from working in the field to running a business. They both preach about relationships and culture and encourage people to take risks. They also remind us that old schoolers ran their businesses without the internet, relying on fundamentals and typewriters. Greg’s mentor hired only 18-year-olds and his company was doing $34 million in sales in 1989.
Greg’s team is mostly young, with the oldest being 27. His 18-year-old employee was making $3,000 per paycheck. Young people are hard workers but lack patience with the process. Instant gratification is the norm for young people, making it difficult to teach them new skills.
At the end of the episode, Brent Knott encouraged listeners to subscribe to the show and Greg Michelman reminded them to trade the life they have for the life they were born to live. This is great advice for anyone considering transitioning from working in the field to running a business. It’s important to remember that relationships and culture are key to success, and that it’s important to provide guidance and mentorship to young people. With the right mindset and strategies, you can build a successful business.
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