In this podcast episode, Kyle Knowles had the pleasure of speaking with Mike Hoffman, an inspiring entrepreneur who has transitioned from a corporate career to building a successful vending business. Mike's journey began in rural Iowa, where his father's entrepreneurial spirit influenced him, and he even ran a lemonade stand as a child. After graduating from the University of Kansas with a degree in exercise science, he entered the world of collegiate strength conditioning, working long hours and realizing the need for financial freedom.

Mike's first taste of entrepreneurship came when he purchased a rental property as a strength conditioning coach in St. Louis. This experience sparked his interest in real estate investing. Still, it wasn't until he moved to Silicon Valley to work for Sparta Science that he truly immersed himself in the startup culture. During his time there, he learned valuable lessons about accountability, transparency, and the importance of having a clear vision for success.

The conversation took an interesting turn when Mike shared how his experiences traveling for work during the COVID-19 pandemic led him to discover the potential of the vending machine business. After witnessing the high margins on vending machine products in airports, he decided to take the plunge and install his first combo vending machine at an apartment complex near the University of Oregon. With minimal investment and a commitment to learning, Mike quickly saw success, generating significant profits from his initial machine.

As we delved deeper into his entrepreneurial journey, Mike discussed the importance of having a solid support system, including a good CPA and legal counsel, to navigate the complexities of running a business. He also emphasized the value of understanding tax advantages as an entrepreneur, which can significantly impact one's take-home pay.

Throughout the episode, Mike shared insights on scaling his vending business, the importance of community among fellow entrepreneurs, and his passion for helping others start their vending routes through his website, Vendingpreneurs.com. He also touched on his broader vision of creating passive income streams, which he believes is essential for achieving financial freedom and spending more time with family.

Listeners will find this episode not only informative but also motivational, as Mike's story exemplifies the power of perseverance, adaptability, and entrepreneurial spirit. Whether you're considering starting your own business or looking for ways to create passive income, Mike's journey offers valuable lessons and inspiration for anyone on the entrepreneurial path.

Support the show

SUMMARY

In this episode of the Maker Manager Money podcast, I had the pleasure of speaking with Jill Wright, the founder of Executive Shine, a company that has transformed the art of shoeshining into a meaningful service experience. With over 38 years of experience, Jill operates locations in both the Denver and Charlotte International Airports, but her story goes far beyond just shining shoes.

Jill's approach to business is deeply rooted in love and connection. She emphasizes the importance of asking, "What does love look like here for the person in front of me right now?" This guiding principle has shaped her leadership style and the culture at Executive Shine. From her ranch in Colorado, where she raises horses and chickens, Jill has developed an innovative training program called the Shine Experience, which focuses on creating high-functioning teams through a service-oriented culture.

During our conversation, Jill shared her personal journey, including her early experiences with horses and how they taught her about energy and connection. She recounted a pivotal moment with her trainer, who advised her to be mindful of how her energy impacts those around her. This lesson has been instrumental in her approach to leadership and service.

We delved into the concept of HeartMath, a practice that emphasizes heart-brain coherence and the importance of connecting with others from a place of love rather than fear. Jill explained how this practice has influenced her interactions, both personally and professionally, and how it can help individuals navigate stress and build authentic connections.

The episode took a poignant turn as I opened up about my own journey of grief following the loss of my son, Jake. Jill offered insights on how to channel grief into love and connection, emphasizing that unexpressed love is often what we carry in our hearts after a loss. Her perspective on using personal experiences to foster deeper connections with others resonated deeply with me.

Jill also shared her entrepreneurial journey, highlighting her rebellious spirit and desire to create something meaningful. She discussed the importance of hiring individuals who align with her core values and the significance of developing a diverse team that can bring unique perspectives to the table.

Throughout our conversation, Jill's passion for serving others and creating a culture of love and connection was evident. She reminded me that true leadership involves vulnerability and the willingness to honor the unique gifts of each team member.

TIME STAMPS

00:00:00 - Introduction to the Podcast and Guest
00:01:53 - Jill's Life on the Ranch
00:02:23 - Jill's Passion for Horses and Dressage
00:03:11 - The Connection Between Humans and Horses
00:05:22 - Energy Awareness and Its Impact
00:09:00 - Channeling Energy Through the Heart
00:10:53 - Understanding HeartMath
00:14:02 - The Importance of Heart-Brain Coherence
00:19:04 - Navigating Grief and Loss
00:20:55 - Finding Purpose Through Pain
00:31:05 - Jill's Early Life and Entrepreneurial Spirit
00:33:05 - The Birth of Executive Shine
00:39:00 - Building a Team and Delegation
00:43:07 - The Importance of Authenticity in Leadership
00:55:02 - The Power of Connection Over Perfection
00:58:18 - Hiring for Love and Impact
01:00:07 - Expansion of Executive Shine Locations
01:01:45 - The Journey to Washington, D.C.

Support the show

In this captivating Maker Manager Money podcast episode, Kyle Knowles sits down with Glen Calvert, co-founder of Kaizan AI. This innovative startup leverages artificial intelligence to enhance client satisfaction and retention. Glen shares his entrepreneurial journey, from his early days in traditional publishing and online advertising to his groundbreaking work in the e-sports industry. 🚀

What Listeners Will Learn:

🎯 Passion and Persistence: Glenn's entrepreneurial journey is a testament to the power of passion and persistence. From starting multiple startups to venturing into AI, Glenn's story highlights the importance of staying committed to your vision and continuously learning and adapting along the way.
🎯 Embracing AI for Business Growth: Glenn's journey with Kaizan AI showcases the potential of AI in enhancing client relationships and driving business growth. By leveraging AI models for client priorities and pain points, Glenn demonstrates how technology can revolutionize traditional business practices and improve customer satisfaction.
🎯 Startup vs. Corporate Mentality: Glenn's insights on the differences between working in startups versus corporate environments shed light on the unique challenges and opportunities each setting presents. His advice to aspiring entrepreneurs emphasizes the need for resilience, adaptability, and a willingness to embrace chaos in the startup world.

Whether you're an aspiring entrepreneur, a seasoned business owner, or fascinated by the transformative power of AI, this episode is a must-listen. 🎧

🔥 #ArtificialIntelligence
🌟 #Entrepreneurship
💡 #Innovation
🤝 #ClientService
💻 #Startups

Support the show