Latest / Beyond Fulfillment Podcast / Turning Negative Experiences Into a Thriving Brand: The Story of Teton with Scott Holmes
Transcript
- 0:05It was just a feeling that, you know what, I'm this entrepreneurial bug has bit me and I'm not sure there's any recovery from that.
- 0:14I Today we sit down with Scott Holmes.
- 0:17Scott's journey is truly unique.
- 0:19He grew up dreading camping thanks to bad gear, only to channel those experiences into building a brand focused on quality and and positive outdoor adventures.
- 0:29With a background in import, export and invaluable mentorship, Scott leveraged strong relationships with factories and major retailers to Launch Teton in 2005 and drive rapid growth.
- 0:42In today's conversation, Scott shares the story behind Teton's origins, the lessons learned from his unconventional career path, and how he built a company powered by strong core values and culture.
- 0:55You'll hear about scaling a product business from managing inventory to working with Amazon in its earliest days, implementing the entrepreneurial operating system for operational excellence and what it takes to build lasting business relationships.
- 1:12If you're interested in entrepreneurship, fulfillment or turning tough beginnings into success, this episode is packed with insights you don't want to miss.
- 1:22As always, if you found value from this content, please like and subscribe.
- 1:27All right, Scott Holmes, welcome to Beyond Fulfillment.
- 1:31Thank you.
- 1:31Glad to be here.
- 1:33Absolutely.
- 1:33We appreciate you taking the time.
- 1:35You bet.
- 1:36So Scott, you are the founder and the CEO of Teton, which makes a wide variety of outdoor gear.
- 1:45But interestingly enough, the company wasn't born out of, out of the, the love for the outdoors, but it was actually born out of the bad experience with bad gear.
- 1:58So can you just to talk more about why you started the company and.
- 2:03How that came about, I would say, I would say it was influenced by some bad experiences, but it, but it was started.
- 2:12I mean I, I love the outdoors now.
- 2:14Let's, let's, let's be real.
- 2:16But when I was a kid, I certainly didn't and I would be forced to go on these campouts as part of a Boy Scouts organization.
- 2:23And then to, to get rank advancements, you'd have a certain requirement for how many nights to spend outside, you know, camping.
- 2:33And I remember my parents, they didn't know better.
- 2:36They just got me the, the gear out of the local J.C.
- 2:39penney's catalog or Kmart or wherever it was at the time that they bought camping gear.
- 2:43And it was really probably a sleeping bag meant for a sleepover, you know, in, in your friend's basement.
- 2:48It was not meant to be used outside, but we didn't know any better.
- 2:52And I just had some miserable experiences camping out.
- 2:55I just couldn't figure out why anybody would camp would leave their bed on purpose to go sleep outside in a tent in a, in a freezing cold, you know, sleeping bag.
- 3:06I, you know, it was just, it was just an experience that I thought, I will, I will never do this on purpose ever.
- 3:13And then when I finally had a good experience, I, I started experiencing the outdoors in a different way.
- 3:19Not necessarily sleeping out, but just experiencing the mountains.
- 3:22I live in Utah.
- 3:23These mountains are incredible.
- 3:24I had a friend get me started in, in trail running and I just, I just started living in the mountains, at least during the day.
- 3:33And this love of the outdoors, you know, just, just got me to the point where I wanted people to experience what I was experienced from a positive standpoint and not experience what I had experienced as a kid from
- 3:47a negative standpoint.
- 3:48So that was, that's really the impetus of the whole thing.
- 3:52Okay.
- 3:53All right.
- 3:53And so let's, let's talk about your early career too, because you, you were fortunate enough to have some expertise in import export business and, and have some great early mentors which kind of laid the foundation for, for when
- 4:09you started the company.
- 4:09Can you talk about that more?
- 4:12Yeah, I had, you know, my, my initial plan was to go to medical school.
- 4:16So I was a biology major in college at Utah State University in Logan, Utah.
- 4:22And one summer between, between my school years, I got a job working for this guy and, and we just hit it off.
- 4:32He was, he was an entrepreneur.
- 4:34He imported auto body parts from Taiwan.
- 4:37Just a, a really solid, solid guy.
- 4:40Had at the time six kids, eventually ended up having seven.
- 4:44And you know, this friendship got so close that I thought, you know, I could, I can go back to school and, and eventually become a doctor after, you know, what, eight, nine, ten more years.
- 4:57Or I could tie myself to this guy and become a doctor, I guess through, through experience, you know, just the doctor of experience and learn all I can from him about, about importing from Asia.
- 5:13At the time it was from Taiwan.
- 5:15China hadn't really gotten the stranglehold on, on manufacturing like they do now, but I just saw an opportunity to really learn a ton from him.
- 5:23And you know, he took me under his wing after, after that summer job.
- 5:28He invited me to be his personal assistant at his work, which gave me an even greater view of, of what he did for a living.
- 5:37And, and you know, every once in a while he asked me these what I considered strange questions to ask a 20 year old, you know, like, like, should I buy a helicopter or a Learjet?
- 5:49And I thought, what, how can I contribute to this conversation?
- 5:54Right?
- 5:54Because because that was just so unbelievable to me that he would ask me such a question.
- 5:59But those are the kinds of things that, that he would think about.
- 6:03And, and I just thought, yeah, I can, I can learn so much from this guy.
- 6:07So, yeah, I learned all you can learn from, from him as a mentor when it comes to importing from, from Asia.
- 6:15And that certainly helped me get into this industry because, because I was, you know, a few years later hired by a company who needed some, some import expertise and I had it.
- 6:27And it's because I had that experience that they hired me and that, that actually led to me being in this industry.
- 6:33So it's, it's, it's strange how the universe works.
- 6:36You know, one, one door opens, you close another door on purpose.
- 6:40Sometimes that door closes on accident.
- 6:42But whatever the reason, the other door that opens up ends up being the opportunity that of a lifetime, which is, which it was for me.
- 6:53Wow.
- 6:53Yeah.
- 6:53Quite a serendipity.
- 6:55Serendipity for sure.
- 6:56Just to go back in the story one for one quick moment.
- 7:01So when you made the decision to drop out of medical school and be a personal assistant for this successful entrepreneur working, what type of backlash or you know, comments or you know what, what type of reaction was there
- 7:16from like friends, family, parents for a 20 year old saying, yeah, I'm not going to medical school anymore, I'm just going to go, you know, work for this entrepreneur?
- 7:24Yeah.
- 7:25The question really is what kind of backlash did I get from my mom?
- 7:29Right.
- 7:29Because that was the difficult conversation.
- 7:36You know, one of the things that, that, that she knew about me is that I'm, I'm a little headstrong and you know, so I, so I, I think the backlash from her was, was, was tempered to my face.
- 7:50But I knew that, that, that she was, she was having a hard time with this decision because, because, yeah, you think about that.
- 7:59Oh, my son dropped out of the, of, of his effort to become a medical doctor, to become a personal assistant.
- 8:07I, I don't, I don't think that, that she or anybody else for that matter could, could see the long, the long term and frankly I couldn't either, Dave.
- 8:16I mean I, I felt like there was a long term opportunity here, but it's not like I had, I, I had this grand plan and I had perfect vision of that plan and I, and I wouldn't pursue was
- 8:27just a feeling that, you know what, I'm, this entrepreneurial bug has bit me and I'm not sure there's any recovery from that.
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- 9:28It checked more boxes for me, more core value boxes for me than the medical field did.
- 9:35And I sensed it.
- 9:38My primary core value is freedom and independence.
- 9:41Entrepreneurship allows freedom and independence.
- 9:46I don't know a whole lot of people in the medical facility that would say that's their primary core value because they're always on call.
- 9:54And certainly maybe once they've arrived in their profession, they have a little more freedom, but certainly getting there.
- 10:03I had gone to Creighton, out to.
- 10:05In Omaha, Nebraska, Creighton University, to talk to some medical students out there.
- 10:10And I'm telling you, they put the fear of God in me.
- 10:16Half of them were walking around like zombies.
- 10:17They were working these incredible shifts.
- 10:21And I just, you know, for me, the comparison of the two, I just felt such, such a strong feeling to go down the entrepreneurial route.
- 10:31And yeah, there was.
- 10:32There was some, you know, to answer specifically your question, there were some.
- 10:35There was some pushback.
- 10:36There was some negative feedback.
- 10:38I don't get it anymore, obviously, but.
- 10:42But at the time, I'm trying to think of how I would be with one of my kids.
- 10:46I have, I have eight kids.
- 10:48And I'm wondering what I would do in a similar situation.
- 10:53I know the answer now because I went through it and so.
- 10:56But.
- 10:56But if I hadn't gone through that experience, I would probably react like any other parent would.
- 11:02Like, you're doing what you're.
- 11:04You're dropping out of school for.
- 11:06For what?
- 11:06Again?
- 11:07You know, just asking a lot of questions.
- 11:08I'm sure I'd be that way.
- 11:12So, you know, it's.
- 11:15It's an interesting experience that I lived, but it seemed right at the time.
- 11:20It seemed like the right thing to do.
- 11:23Okay, all right, so you, you go that route, you have some.
- 11:28You gain the experience working for this entrepreneur, and then later on that evolves into another company.
- 11:34Needing your expertise for the import export stuff.
- 11:37And so let's talk about how, how you started Teton.
- 11:41How did that come about?
- 11:43Okay.
- 11:43I've been working for a company in the, in the industry.
- 11:48This, this company had, had not only been in the camping gear industry, but they were in, you know, four or five, maybe even six different different categories that, that were seemingly unrelated small hand tools, for example, paintball fishing.
- 12:05You know, you're, I'm trying to find a connection between them all and the only thing they had in common is that they were imported product.
- 12:13I, I learned a lot from working for that company.
- 12:17A lot of, a lot of good things and a lot of things that I would put on my to don't list.
- 12:21You know, if I were ever to, to, to start a business, I wouldn't do that.
- 12:26Or if I were to ever start a business, I wouldn't do that.
- 12:28You know.
- 12:29And, and I started actually physically creating this to don't list in a, in a notebook that I'd carry around on the, on the back page.
- 12:37And one of those things was, you know, don't, don't, don't chase all opportunities.
- 12:43There's so many opportunities when you're an entrepreneur.
- 12:46You can't chase them all and do them all justice.
- 12:48So don't, so don't chase them all because, because that's one of the things that we did in that company is chase a lot of opportunities.
- 12:55Not me per se.
- 12:57I was in charge of one of the divisions.
- 12:59But I could see the problem with chasing good opportunities.
- 13:05You spread yourself so thin that you got to the point when a great opportunity would come along, you couldn't really give it your all.
- 13:12You couldn't say yes in full strength because you'd already said yes so many other times to, to other opportunities.
- 13:20So, you know, I learned about what a lot about what to do and what not to do from, from the industry that I was in.
- 13:26But one of the things that, that is invaluable are the relationships that I made along the way.
- 13:33I made some incredible relationships with some factories in, in China in particular.
- 13:40They were Taiwanese owned factories in China.
- 13:45And, and you know, to this day I still consider these guys my friends.
- 13:51So I had these incredible relationships with these, with these factories.
- 13:55Great communication which is, which is so critical in business.
- 14:00They, they listen intently to, to, to what I, my, my vision for, for building product.
- 14:08They were the experts in how to build product, but I wasn't the expert.
- 14:12I was the expert on how to use it, at least here in the States.
- 14:15How to use the product.
- 14:17So we had to blend the use of the product with the, with the fabrication of the product.
- 14:23And it was just a great experience getting there.
- 14:25But I also had some over, over the years built some great relationships with some customers, some, some big retailers here in this, in the States.
- 14:34Sportsman's Warehouse is an example.
- 14:36I was, I was very close with the president of the company who happened to love camping.
- 14:43And so even though he was the president of the company, he retained the, the, the buyer of camping gear responsibility.
- 14:53So the president of the company was also the camping gear buyer, which was perfect for me.
- 14:56Right, because he was both, he was both the buyer and the buyer's boss all in one.
- 15:04I also had a great relationship with Cabela's out in Sydney, Nebraska before they'd gotten purchased by Bass Pro.
- 15:09So between, between the great relationship with factories and great relationship with, with these customers.
- 15:16When I decided to branch out on my own, largely because the company I was working for started having some financial trouble, I believe the financial trouble was, was a result of them spreading themselves too thin, saying yes to
- 15:27too many good opportunities.
- 15:30That those financial trouble troubles were signal to me that it was time to step away.
- 15:37And so I stepped away, started my own company really solidly focused on, on, on camping gear specifically because that's where my, my relationships were.
- 15:47And so that was in 2005.
- 15:51I had a couple, I had a couple to don'ts.
- 15:53This is going to make you laugh Dave, because one of them was don't have a warehouse.
- 15:59Scott, you don't, you don't know how to manage inventory.
- 16:01So why in the world would you try to manage it?
- 16:03So don't have a warehouse.
- 16:06Well, that might sound pretty interesting for a product based business to not have a warehouse.
- 16:11Right?
- 16:12So I got my factory and my customer together and I said listen, I don't want to manage the inventory and I want to be able to run this business at super thin margins as a result which you customer
- 16:26are going to benefit from.
- 16:28So can I fill full container loads of product at the factory and ship it directly to you at your, at your fulfillment center, at your distribution center?
- 16:36And because Sportsman's warehouse was big enough and because Cabela's was big enough, they both said yes to that plan.
- 16:42And so for the first couple of years I didn't have any domestic inventory which is full container loads.
- 16:47I'd sit with the customer, I'd get their purchase orders, you know, five months in advance.
- 16:53I would, I would build the order, custom custom build the container and ship it directly to the fulfillment center.
- 17:00And it was beautiful at first.
- 17:03The problem was, and you can probably relate to this, is that forecasting is an imperfect game.
- 17:10So as they forecasted their needs over the next four or five months, because that's how in advance I needed to get these purchase orders.
- 17:17If they oversold, which they.
- 17:19Which they frequently did, then they're now sold out of product and they're waiting another month for that next container to arrive.
- 17:27Well, that's, that's not an option for a retailer.
- 17:29They have to have product on their shelves.
- 17:32As.
- 17:32As the president of Sportsman's warehouse put it to me numerous times, Scott, I can't sell from empty shelves.
- 17:37I can only sell from full shelves.
- 17:40So he would then have to buy product from my competitor and put it on the shelf until that.
- 17:45Until that container arrived a month later.
- 17:48And so this happened enough times that I thought, you know what?
- 17:51I've got.
- 17:51I've got to solve that problem.
- 17:53I've got to carry some domestic inventory.
- 17:55Not a lot, but enough that if this keeps happening where they.
- 18:01Where their forecast is off by a month, I can fill in with some domestic inventory for 30 days until the next container rise.
- 18:09And so I thought, okay, I'm gonna.
- 18:11I'm gonna.
- 18:12I don't have my own warehouse, so I'm gonna use a 3PL.
- 18:15Well, I didn't really use a bona fide 3PL.
- 18:18I used a.
- 18:19I used a friend who had a warehouse and said he could fulfill my orders for me.
- 18:23So I'd bring in the containers to him.
- 18:25He'd fulfill my orders.
- 18:26But it didn't seem like his level of customer service was.
- 18:30Was my level of customer service.
- 18:34So I'd ask him, can I, can I.
- 18:36Can I hire somebody to come into your warehouse and do all of my fulfillment?
- 18:42Then they could do it to my standards.
- 18:44And so that was.
- 18:45That was how I started getting not only into domestic.
- 18:49The domestic inventory game, but also hiring employees.
- 18:55So I had two to don'ts that were on my.
- 18:58On my to don't list that are now no longer on my to don't list.
- 19:04One was, you know, don't have a warehouse, and the other ones don't have employees.
- 19:07I have now learned at least somewhat enough how to manage inventory and how to manage employees that I.
- 19:13That I've moved both of those to my to do list.
- 19:17Okay, wow.
- 19:18So quite.
- 19:19Quite interesting to don'ts.
- 19:22Right.
- 19:23For an entrepreneur.
- 19:24And I'm sure plenty of the entrepreneurs list.
- 19:25And listen, I'm sure that there's employees oftentimes will give Us headaches, but at the same time, right.
- 19:31Very necessary and an integral part of your business.
- 19:34And you know, the right employees are so valuable.
- 19:37But yeah, I mean, it's, it's interesting that story where you had, you knew the power of relationships.
- 19:44You were a very hard worker, right.
- 19:46You built up this, this acumen.
- 19:48You saw the opportunity to go out on your own.
- 19:51You made the leap.
- 19:52You found a way to do it virtually at first without even having to have a physical location.
- 19:58And wow, talk about what perfect, you know, I guess things falling into place where the, the president of the company is the camping gear buyer and he's a good friend of yours and you in the camping gear business.
- 20:12So when, when you, you know, you go through these initial struggles, you realize you have to have warehousing, you have to have employees.
- 20:19What was the trajectory of the company in those early years?
- 20:22Did things like take off right away or did you face some, some challenges?
- 20:28Things took off right away and largely a result of those relationships.
- 20:33I really can't stress enough how even though I started the company in 2005, I didn't start the relationships in 2005.
- 20:41They predated me starting the business by several years, and that's why it took off.
- 20:47I'm a, I'm a firm believer that I was successful from the very beginning solely because of the relationships I'd built over, over, you know, in previous lives with the different businesses.
- 20:59So, you know, I, I leaned into those relationships.
- 21:02They trusted me.
- 21:03I trusted them.
- 21:06One of the things that, that was super helpful from day one was that my factory gave me payment terms.
- 21:12You know, as, as close as I was to my customers, they required payment terms from me.
- 21:17And if I hadn't gotten payment terms from my factories, I would never have been able to.
- 21:21To debank the, the accounts receivable from, from my customer.
- 21:26So my factories gave me payment terms that, that lasted longer than the payment terms I gave to my customers.
- 21:35So I was able to cash flow from day one, which was, which was huge.
- 21:39The, the, the other thing that, that I will say in hindsight is that when you are moving things from a to don't list to a to do list, that, that is, that is not something you do just randomly.
- 21:53If, if it made your to don't list to begin with, there's a reason it made you to note list, dive deeply and find out what is that reason and how, what are the steps that, that, that you have
- 22:07to go through to move that item from your shoulder list to your to do list.
- 22:10So I Didn't just willy nilly say, oh, I can suddenly manage inventory.
- 22:17I was, I was still convinced that I wasn't very good at it and that I needed to become good at it if I was truly going to manage inventory.
- 22:24So I started out very small in terms of moving that from my to don't list to my to do list.
- 22:31I was, it was a very small part of my business and I, one of the things that it did though is it now allowed me to go after customers who weren't big enough to do full container loads.
- 22:42They weren't big enough yet.
- 22:43And this is going to make you laugh.
- 22:45One of those was Amazon.
- 22:47Amazon was a CD seller, a bookseller, and they were trying their darndest to become the everything store.
- 22:54But, but, but nobody really believed that they could.
- 22:56This is the early days, right?
- 22:58So they're like, you're, you're a bookseller.
- 23:00Why would we sell baby products on Amazon?
- 23:03You're a bookseller.
- 23:04Why would we sell home goods on Amazon?
- 23:06You're a bookseller.
- 23:07Why would I sell camping gear on Amazon?
- 23:08Well, I was one of the first ones to say yes to that, to that plan.
- 23:15So I started selling product to Amazon on a weekly basis.
- 23:20Small, really small.
- 23:21But because I had domestic inventory, I could, I could fulfill those orders.
- 23:26And it was, they had a pretty decent trajectory.
- 23:29They were growing leaps and bounds, but they were a pain to deal with.
- 23:33And I remember, you know, my office was downstairs in my house.
- 23:37Remember I didn't, I didn't have to go into an office.
- 23:39I didn't have a warehouse of my own.
- 23:43I had, I had a third party warehouse.
- 23:46So I'd come upstairs and complain to my wife about the last, you know, I'd spent two hours processing Amazon orders.
- 23:53And they were, they were puny in comparison to a Cabela's order or a Sportsman's Warehouse order.
- 23:59But yet they took so much more time.
- 24:02And so I'd complain to her and she'd say, well, do we really need them?
- 24:05I mean, are they really going anywhere?
- 24:09And I had a friend that was, that was in the IT industry, close friend from high school.
- 24:15And I would talk to him on a regular basis about business.
- 24:17He's very entrepreneurial himself.
- 24:19And so I'd talk, I'd have the same conversation with him that I had with my wife and he'd say, you know what?
- 24:24I'd think twice before you dump that account.
- 24:27I think they're going places.
- 24:30And I'd repeat this conversation every couple months with my wife.
- 24:32And she'd give Me the same response.
- 24:34And I'd get the same response from this friend of mine.
- 24:36You know what?
- 24:37I think Amazon's going to be somebody someday.
- 24:40And sure enough, they, like, rule the world now.
- 24:45But we were an early vendor to Amazon, largely because I had domestic inventory to start with.
- 24:52Now they, too, do full container loads with me.
- 24:56But you got to start somewhere, and I suggest starting pretty small.
- 25:00If the to don't is clear in your mind, do two things if you need to.
- 25:07If you need to move that to don't to a to do, you got to do two things.
- 25:11One, start small and two, hang out with people who know what they're doing or read books.
- 25:17I tell my kids this all the time.
- 25:19The two things that are going to influence you the most in life are the five people with whom you listen to or that, you know, whatever.
- 25:32It's the media.
- 25:33It's the media that you absorb and it's the.
- 25:37The people you hang out with.
- 25:38That's how.
- 25:38That's how you learn the best.
- 25:41Yeah.
- 25:41Such great advice.
- 25:42Such great advice.
- 25:44Yeah.
- 25:44And funny.
- 25:45Funny to look back on those conversations now, right.
- 25:48With, like, you say, Amazon basically being one of the biggest companies ever and, you know, such a crazy trajectory they've had over the past 20 years.
- 26:01Oh.
- 26:04You still there?
- 26:05Okay, so another thing is, speaking of.
- 26:09Dealing with employees, I'm wondering.
- 26:13Wonder if I had a bad connection.
- 26:17I think I got.
- 26:18I got you.
- 26:19Now you have me.
- 26:21Okay.
- 26:21Yeah.
- 26:22One of the other things dealing with employees that you've been.
- 26:27You've mentioned on, on other shows is you've implemented the E.
- 26:31The Entrepreneur's operating system, which is all about having the right people in the right places.
- 26:37Can you just talk more about that and how important that's been to your business success?
- 26:45Yeah.
- 26:47You know, Davis, it's an interesting question because I've learned so much in life and in business.
- 26:56This is.
- 26:57This is one of them.
- 26:58I had.
- 26:59I had moved to Puerto Rico in 2018.
- 27:03Took.
- 27:04Took my family.
- 27:05I took seven of my eight kids.
- 27:06The oldest was an adult, so she didn't go with us, but the other seven were.
- 27:10Were still under my roof, and we moved to Puerto Rico and I hired.
- 27:13I hired somebody to run Teton while I was.
- 27:16While I was in Puerto Rico.
- 27:19And one of the things that she was really good at is.
- 27:23Still is.
- 27:23Is organizational development.
- 27:26And so she took Teton to a whole different level organizationally.
- 27:31And one of the decisions that she made while she was CEO was to have us read a book called Traction and have us adopt the EOS entrepreneurs operating system eos.
- 27:49So, you know, I, I was introduced to EOS and traction because of the CEO that I had hired.
- 27:57I moved back from Puerto Rico in 2023 and took back the reins of the company.
- 28:02One of the things that I so appreciate about her leadership was this.
- 28:10You know, I had these two examples of running the company.
- 28:14One before I moved to Puerto Rico and one after I got back and before I moved to Puerto Rico.
- 28:20It was me wearing multiple hats.
- 28:22It was haphazard meetings.
- 28:26You had those meetings when you needed to have them.
- 28:30I had some meetings with the cadence, but a lot of meetings with just haphazard.
- 28:34This is all 2018 and before I come back and I run the company again in 2023.
- 28:41And it is super structured.
- 28:43I mean, it truly has an operating system where our, all of our meetings have a cadence, they have an agenda.
- 28:52We keep them very tight, we score them all at the end of the meeting.
- 28:56You know, what was that?
- 28:58Rate that on a scale of 1 to 10 in terms of best use of your time.
- 29:02Could you have used your time better elsewhere?
- 29:05If the answer is yes, we shouldn't have had that meeting.
- 29:08Right.
- 29:09So I highly recommend eos.
- 29:12Read the book Traction.
- 29:13See if it fits for your business.
- 29:14It definitely fits for Teton.
- 29:16We use it company wide.
- 29:20All department heads use it within their department as well.
- 29:25We do the, you know, the three year plan, the one year goals, the quarterly rocks, you know, the, the weekly, what are called L10s, you know, your level 10 meetings, these 90 minute meetings.
- 29:39We do it all by the book and it is super helpful.
- 29:44Okay, all right.
- 29:46And Scott, you know, clearly you've had a 20 year run with Teton.
- 29:49You're still growing, going strong.
- 29:51I mean, given your journey and everything you've been through and the success you've had, what's been the best part of it for you?
- 30:00I think the best part of it for me is being able to run an organization that, whose culture so fits with.
- 30:14In the early days, a company matches its founder, a company's culture matches its founder for sure, because that's the definition of a company, is what the founder brings to it.
- 30:27But over time, oftentimes what happens is the culture dynamic changes as a result of hiring people who might have bring different core values to the table, who might have a different culture.
- 30:43You end up having this disjointed culture thanks to a lot of study and a lot of reading.
- 30:52I knew from the early days and frankly a lot of bad experiences at previous companies.
- 30:56I knew from the early days that how important culture was to Teton and that if I was going to grow this thing, I was going to grow it consistent with the culture that mattered to me, this set of
- 31:09seven core values.
- 31:11And I was going to hire and fire based on those core values.
- 31:14From the time I started hiring people, they needed to be a culture fit.
- 31:19And to this day, we are an organization of.
- 31:23Of culture fits.
- 31:24Now, we've had moments where we've strayed.
- 31:28In fact, during this.
- 31:29During this time when I was gone to Puerto Rico, I would say this a perfect example of this.
- 31:35We hired people that weren't a solid culture fit.
- 31:39So one of the things that I did when I came back in 2023 is clean that up.
- 31:44So I think the thing the most gratifying to me is the culture of the company, that we.
- 31:50That we adhere to core values, that we make decisions based on these core values.
- 31:55And anybody in the company, you can ask anybody in the company what the.
- 31:58What our core values were.
- 32:00They would all know what they are, and then they could all give you an explanation of what they mean.
- 32:05And that is.
- 32:06That is super gratifying.
- 32:08Love that.
- 32:10All right, well, Scott, if people want to learn more about Teton or they want to reach out to you in any way, what's the best way people can find you online?
- 32:20Our website is tetongear.com you can reach out to us on tetongear.com and then I'm on LinkedIn.
- 32:26So if you just search for Scott Holmes on LinkedIn Teton, you'll find me there.
- 32:31Okay, we'll link all that in the show.
- 32:34Notes for everyone.
- 32:37Scott, thank you so much for taking the time to be here and sharing all this valuable wisdom from your journey with our listeners.
- 32:43We greatly appreciate it.
- 32:44It's been a pleasure.
- 32:45Let's stay connected.