Latest / The Scene Projects / Darin R. Kaiser on Coaching Entrepreneurs, Business Growth, and Building a Legacy
Transcript
- 0:22Real Biz.
- 0:24I am your host Bubba Starts, and with me today from Enterprise Sage, Darren Arkheiser.
- 0:28Darren, welcome to the show.
- 0:30Thanks, man.
- 0:31I'm happy to be here.
- 0:33Yeah.
- 0:33Absolute pleasure to have another Enterprise Sage, member come on with us.
- 0:38We had Courtney Morningstar, one of our very first guests on the show.
- 0:42So glad that we could connect today.
- 0:44And, we're gonna kinda flip the show on its head a little bit, here later, and I'm gonna be
- 0:49in the position of of being the one maybe answering some questions from you guys.
- 0:54So, really, really, excited about this one today.
- 0:57Before we get into all of that, Darren, really just wanna get a little bit of your personal
- 1:01backstory, and then we'll pick it up from there.
- 1:04Nice.
- 1:04I love it, man.
- 1:05So the the long and short of it is, I've been an athlete, been in a coaching role the
- 1:13majority of my forty almost forty three years here on this earth.
- 1:16And so my professional background was, I worked in in a coaching role in human resources for
- 1:24the town of Breckenridge.
- 1:24So I did all of their onboarding, all of their orientations.
- 1:27I did professor ed.
- 1:28And so the majority of my days, were, you know, guiding, coaching, administering, helping
- 1:35staff.
- 1:36And that's really where professionally got my start.
- 1:38I had done some other coaching, you know, youth sports, for a little while.
- 1:42Grew up in North Central Indiana.
- 1:44I I taught wakeboarding, wake surfing.
- 1:47So understanding a pathway of here's where we're at today, here's where we wanna be, and
- 1:53how do we close that gap has just been in in my life for, oh, over two decades now.
- 2:00And then my wife and I, we, moved from Wreckingridge down into Denver Metro Area,
- 2:06which is where we live now with our family.
- 2:07And we had a a gym that we very specialized into very, specific wellness, before that even
- 2:16became a thing.
- 2:17So we did, blood work and biomarker testing and supplementation, nutrition, life coaching,
- 2:24fitness coaching to the extent where, you know, we knew a lot of data, and in business data
- 2:31drives business.
- 2:32And so I would geek out on the data side of things, but then I would have to, put that into
- 2:37layman's terms for the client, for the the the end user so they could understand, okay.
- 2:42I'm bought in.
- 2:44I understand, why I'm doing what I'm doing, and I and I have the tools now necessary to to
- 2:49close that delta down.
- 2:51Through that experience, I moved into strategic tax coaching.
- 2:55My background is business.
- 2:57And so I learned a lot over the last four years, working in the lower middle market,
- 3:02helping, you know, businesses that are, you know, grossing somewhere between 5 and
- 3:0650,000,000.
- 3:07How do they, you know, get out of paying $6.07 figures in taxes in a legal above board manner?
- 3:13So I would again, I would do analytics.
- 3:16I would talk with the client.
- 3:17I would work with them with their technical cohorts.
- 3:20I would make sure everybody was speaking the same language, moving in the same direction to
- 3:25reach the client's goal.
- 3:27Through that experience, I met Craig Morningstar, who's my business partner, and
- 3:30also Courtney Morningstar, business partner in enterprise stage.
- 3:33And they said, Darren, we we really like what we saw when we worked with you prior to this.
- 3:37You're charismatic.
- 3:38You have a passion and a heart for coaching and for seeing others succeed, and we wanna expound
- 3:43on that.
- 3:43And so that's what has brought me into working alongside Craig and Courtney and our team at
- 3:48Enterprise Sage for, 2026.
- 3:51It started up in January.
- 3:53And and my passion really is, looking at a situation that, is good but needs optimization
- 4:03and then being able to eloquently put together a a treatment plan or course of action to go
- 4:09from a a good position to a really exceptional position.
- 4:13And that's really what my passion is.
- 4:15I I love coaching.
- 4:16I love seeing people come in with something that they're like, I've tried to figure this
- 4:20out.
- 4:20Don't know what to do, how to do it.
- 4:22And and and so let's work on these things together.
- 4:25Let's get on the same side of the table to move forward.
- 4:28And that way, the course of weeks, months, years, we get into a position that that maybe
- 4:33we didn't think was possible or we thought possible, but just didn't know how to execute
- 4:37in a very timely and efficient manner.
- 4:39And so that's what brings me here today.
- 4:41And, Bubba, I'm really excited to to jump into it with you and looking forward to having some
- 4:46discourse.
- 4:47And, and, yeah, this is gonna be a great convo.
- 4:51For sure.
- 4:52And and it's funny you you kinda broke down the coaching exactly how I did, just a few hours
- 4:56ago on another interview with a golf coach.
- 4:58And and exactly what you said.
- 5:00He's digging into the data and using, you know, AI to spit out the analytics, but then breaking
- 5:06down all of that data to something that me, kind of a big dummy on the golf course and and
- 5:11in my business as well as you'll find out today, that how do you get better?
- 5:17What are the things you need to do?
- 5:19How do we look at all of that data and and put that into terms that someone can understand and
- 5:25take actionable steps to fixing or improving?
- 5:28Yeah.
- 5:30Well and I think I think the first step is having a realistic objective.
- 5:37I know lots of decisions are made based on emotion and feel, which is great.
- 5:41That can start the fire, and that can get you moving in the right direction.
- 5:46But longevity and and and long term success and growth really boils down to discipline and
- 5:52systems and things that are repeatable.
- 5:55Whether I feel like it wanna do it, I'm, I I'm happy to do it.
- 5:59It doesn't really matter.
- 6:00It's still at the end of the day, it has work has to get done.
- 6:04As a as a young man, I, grew up on a farm, And you don't, you don't understand the if you've
- 6:12never been in the farming world, there's a lot of days you show up to dirt, and it's, hard and
- 6:19not rewarding and not filling with the perspective that we're gonna have a big harvest
- 6:23somewhere down the road.
- 6:24And and so you could be motivated some days, but there's a lot of days where you just gotta
- 6:28show up to dirt and you gotta show up and you gotta put in the the systems and the practices
- 6:34knowing that if I do these things, there's a really high probability that there's gonna be a
- 6:38great outcome even though I can't see it yet.
- 6:41And so I think that's a that's a big component for a lot of business owners is I need to focus
- 6:45on the things I can control and can do today and just stack them.
- 6:50Stack them.
- 6:50Stack them.
- 6:51Stack them.
- 6:51Because at some point in time, that's gonna pay off big dividends down the road.
- 6:54I don't know if that'll be a year from now or ten years from now, but that seems to be a
- 6:58resounding theme.
- 6:59Do you
- 6:59feel that's something that a lot of business owners early on and especially young
- 7:05entrepreneurs maybe in their first business that they have trouble kind of accepting, in
- 7:10those first early years that, that the work to reward ratio are going
- 7:15to be
- 7:15extremely lopsided, maybe for a decade in some cases, but as long as you stay focused on the
- 7:22daily work that you you know you're going to get there.
- 7:26I do.
- 7:26And I and I think if we even if we even zoom back out from that even more, I'm I was guilty
- 7:33of this myself.
- 7:34I've seen this a lot with entrepreneurs, young and old.
- 7:38There is an identity associated or tied to said thing.
- 7:43And a lot of people go off on their own because they're really good at something or they're
- 7:48exceptionally talented in a certain area.
- 7:50They've got a very unique skill set.
- 7:52They've got a something that that creates a competitive advantage for them above the rest.
- 7:57You know, they've been working for somebody, and they go, I can do this on my own.
- 8:00I'm really good at this thing, so I'm gonna go do it.
- 8:03And then it becomes almost their persona And the ability to stay disconnected to the extent
- 8:13necessary to make objective decisions is really challenging.
- 8:17And and so I would say, you know, in that first when you're looking at branching out on your
- 8:22own, you still have to say, you know what?
- 8:24I'm a unique person that has unique value, and this thing that I'm building over here is not
- 8:30me.
- 8:30And it's unique, and it's got its own persona and personality and lifestyle, and it wants to
- 8:36stay alive too.
- 8:37And if we blend those things together, man, things get really hairy really quick because we
- 8:42we, you know, we don't wanna hurt our baby.
- 8:45We don't wanna have that tough conversation.
- 8:48We don't wanna look introspectively when that might be the best thing to do for that
- 8:54business.
- 8:54And I'm guilty of that.
- 8:55I was guilty of that.
- 8:56It took a long time.
- 8:57It took took my first business to, you know, really go through some tough tough times for me
- 9:04to go, you know what?
- 9:05I'm not these are two separate things.
- 9:08And if this thing's successful, great.
- 9:09If it's not successful, that's fine too.
- 9:12But that doesn't change me.
- 9:14And I think that's a big piece for a lot of new business owners.
- 9:17And and businesses who've been in the business, maybe it's their only business.
- 9:20They've been doing it for twenty, thirty years.
- 9:23And, you know, the the there's not an objective look at this as an asset that's not mine.
- 9:30Well and something else that you talk about that ties with that, and this ties in perfectly
- 9:34to, you know, starting to get more more personal about this and to talk about some of
- 9:38our businesses.
- 9:39For me, you know, we we talked about my my music career and all of those things, and it's
- 9:44very hard for me to look at the band and that artist career as something that was outside of
- 9:49myself, especially with something as personal as songs that you're writing and and on a
- 9:53performance that you are solely you know, it it it is you at the beginning and at the end of it
- 9:59no matter what.
- 10:00So it was really hard for me to pull me out of that, and it was also something very important
- 10:06as I was beginning in this podcasting journey, always knowing that it was multiple layers to
- 10:11this.
- 10:11We started off with kind of three shows within a show from the Jump Street.
- 10:16So I knew that it was much bigger than just a single podcast and interviews.
- 10:19I wanted to do more.
- 10:20I wanted to do live events.
- 10:22I wanted to be at other events and covering them as media.
- 10:26So there were so many layers to that that it was very important to me.
- 10:30My band is called starts and ends.
- 10:31So what is starts and ends without Bubba starts at the head of it?
- 10:34It's it's just the ends.
- 10:36Right?
- 10:36That's why I was very adamant early on that I didn't want, you know, the Bubba starts
- 10:40podcast.
- 10:41I wanted something that was its own entity so that if I removed myself from that eventually,
- 10:46that the company and that would still have value.
- 10:49I think that it's very hard early on for business owners to set themselves up for that
- 10:56to say, hey.
- 10:57What is this without me inside of it?
- 11:00Whether it's a name on there, but the the ultimately, it that's part of the company value
- 11:05and something that I think we're going to talk about now.
- 11:08So maybe this is a a good pivot here, Darren, to just say, here, I'm Bubba.
- 11:13Here are the things that I do.
- 11:15This is, you know, the the scene projects and all of our stuff, and I'm coming to Enterprise
- 11:19Sage as a potential client.
- 11:22I'll kinda turn it over to you and ask you kind of how does that process begin and and where do
- 11:28we start our conversation from?
- 11:30I love
- 11:30it, man.
- 11:31And I and I think you draw a really good picture of of the struggles that some people
- 11:37have.
- 11:37And there are certain industries that I think are more conducive to that separation.
- 11:43The the the performing arts industry is very subjective in nature.
- 11:49It's very, it's you.
- 11:51It's you are the product in a lot of ways.
- 11:54And and there may not be a whole lot of transferable wealth unless you you really do
- 12:01separate some things out.
- 12:02But, but I can see how that could be very challenging.
- 12:05I side note, fun fact, grew up in a very, music family, did a lot of performing arts and
- 12:12theater myself.
- 12:13And so I had the, the pleasure of singing the national anthem for the town of Breckenridge
- 12:17for the international snow sculpture competition, the USA Pro Cycling Challenge.
- 12:21So I've, I've cut my teeth in that a little bit, not to the extent you have.
- 12:26But I I know what you went through, man, and I and then and then when you're on stage and all
- 12:30eyes are on you, it's like, oh, it's me.
- 12:33And there it's very, very open.
- 12:36But to go back to business, I think the first thing that we have to discuss is, like you
- 12:42said, you came from the performing arts world.
- 12:46You've now gone into this segment of business podcasting, which is also a a performing
- 12:53performance of some extent.
- 12:54But but what you did, and this is for the business owner out there, you you built a thing
- 13:00that if if nobody knew who you were, it could still withstand the test of time.
- 13:05If nobody knew who Bubba was, this thing would still function, and there are people that can
- 13:09carry the torch.
- 13:10And I'm not gonna say that you know, if you're listening to this and you are in a w two
- 13:15position right now and you wanna be your own boss and you want to go out on your own and do
- 13:20something, there are wonderful entrepreneurs out there that they're gonna go make their
- 13:26money.
- 13:26They're gonna go provide a beautiful lifestyle and be philanthropic and provide a legacy.
- 13:32And their goal isn't to create transferable wealth.
- 13:36That's totally fine.
- 13:38There's nothing wrong with that.
- 13:40Now would I say to that as a business, or is that your own job, your own solopreneurship?
- 13:47That's where the difference, I think, comes in.
- 13:49Because, what we look at in our world is this is what I'm gonna ask you is is is a business
- 13:56something that I do, or is a business something that I build that somebody else can do?
- 14:03And so my question back to you, Bubba, is is what you're building right now, is it something
- 14:07that you do, or is it something you want somebody else to be able to do?
- 14:11And they look at it as I want to buy that thing.
- 14:16Well and that was exactly the differentiation I was trying to make between that artist and
- 14:21treating my entertainment, you know, company in that facet as something that without me, it
- 14:28doesn't function at all to a lot of extents.
- 14:31And it was okay.
- 14:32That that's never going to be something that sustains the test of time.
- 14:36And I think, you know, getting out on tour at thirty seven years old and and playing till,
- 14:41you know, two in the morning, you know, these four, five hour shows where I was like, oh, I
- 14:45definitely don't want this bad enough now at this point in my life, you know, to be away
- 14:49from my wife and my family.
- 14:50I don't want that.
- 14:51So what is something that I can build to possibly sell one day?
- 14:55And branching out on those, and that was how the scene projects was really built.
- 15:00I didn't want it to be the Bubba starts experience, although in the early going, of
- 15:05course, that's what it was.
- 15:06I was that host, but it's been very reliant on me identifying new talent, other people that
- 15:11are interested in doing what I'm doing to bring them in as host of these things to help me
- 15:16build that value so that maybe one day, not the entire company possibly being for sale, but one
- 15:22of these things can be broken off if a show should get so popular and has value outside of
- 15:27the world with me pulled away from it, would that brand now have value all of its own?
- 15:34So definitely, the the latter, in this case now with the scene project to say, I I wanted
- 15:39something that I can build.
- 15:41And whether it ever gets to that point of being able to sell it and somebody else sees the
- 15:46value in that and says I want to buy that, that's a little bit out of my control.
- 15:50All I can do is build the value of that and whether the market dictates whether that, you
- 15:56know, has value later on and that value is enough for me to walk away from it.
- 16:01That that's a conversation for a later day.
- 16:03Yeah.
- 16:04But I think you you nailed the right question.
- 16:06And the question for the entrepreneur is, is this something that I am there there is an
- 16:13innate desire that this is something that I want to build that is attractive enough that
- 16:21someone, sometime and and and that's not an exit strategy necessarily.
- 16:28It's not a I wanna be I wanna sell this thing.
- 16:31We're gonna take it to market in five, ten years.
- 16:34But there there is an innate desire even before all that that I want somebody to look at this
- 16:39thing and and make me an offer someday.
- 16:42Or if I were to take it to market, this thing has legs underneath it that somebody's gonna
- 16:46say, yeah.
- 16:47I I see the value, and I can expound on that.
- 16:50I can expound on this and create some other value, not just for my family, but for somebody
- 16:55else.
- 16:55And so, I think that's the that's the root of the question.
- 16:58If there's not that desire there, grow it and and make it flourish to the extent possible,
- 17:04but just have a realistic expectation that, when it's when you're done, it's done.
- 17:10And I think that's the biggest differentiating factor.
- 17:12And especially when we look at clients or prospective clients for enterprise stage,
- 17:17that's a big differentiating factor for us too.
- 17:20And so, I guess, to go back to you is, you know, the next question would be, k.
- 17:24Now that we've made that choice, what are the necessary things that you need to start doing
- 17:30today, or what are the things you've already done to start positioning this and creating
- 17:36this delta or this void between you and the business itself?
- 17:39So what are some things that you've already done to really start to I don't know.
- 17:45What play second fiddle.
- 17:47I guess it's a good way to put it.
- 17:49Right.
- 17:49Well and in the podcasting world, it was identifying other talent and building them up.
- 17:54So I have to kinda change my, mentality from, okay.
- 17:58I wanna be a really great host and the fact that we had, you know, one content creator of
- 18:02the year and establish a little bit of authority and just got a ton of reps in.
- 18:05Right?
- 18:06I've done over a thousand interviews on my own.
- 18:08I've built up a ton of experience in this realm now, not coming from a broadcasting or
- 18:14communications background minus my, you know, time spent on stage for the last quarter of a
- 18:18century.
- 18:19But all of that's a lot different than being in front of a camera or in front of a microphone
- 18:24as and, you know, being the host of an interview show.
- 18:29I had never done anything like that.
- 18:31So early on, it's all about getting the reps for myself.
- 18:35And then how do I provide reps for others to get just as good as I am doing the same thing
- 18:41so we have someone to pass that torch to?
- 18:44So it was, talent, you know, kind of assessment and then bringing that talent along to
- 18:51establish them as their own authority inside of, First Star Network and then hopefully,
- 18:58bigger and better things for them.
- 19:00Nice.
- 19:00Okay.
- 19:01So raises a a great question.
- 19:03When do you feel like the transition and I'm gonna relate this because because everybody
- 19:08knows, it's football season now.
- 19:10It's the fall.
- 19:11I'm I'm in Denver, so we're Broncos fans.
- 19:13Thank goodness we won recently.
- 19:15But when for you did you make that transition of going from more of the athlete into more of
- 19:23this, like, almost coach role?
- 19:27Because you're not always on the field operating and running plays.
- 19:31Now we're we're off the field.
- 19:33We're analyzing.
- 19:33We're looking at new talent.
- 19:35Who can do this?
- 19:36Who can do that?
- 19:37And so when do you think that transition happened for you?
- 19:39Because I think it's an important piece for your story too.
- 19:43Yeah.
- 19:43It it probably happened way earlier than maybe it even should have, but, I have some some
- 19:49great mentors and people that I pay attention to that have, you know, kind of always preached
- 19:55teaching what you know.
- 19:57And knowing that there's so many people out here in the world now that want to be
- 20:01podcasters or content creators or whatever it may be, that even though I may not be the
- 20:06biggest audience wise on the planet, those things take time to build up.
- 20:12I still have a lot of skills that I had had built over that course of just the last two and
- 20:18a half years, and, really, I started teaching maybe a year and a half in.
- 20:21So for the past twelve months is really turning around and going, okay.
- 20:24Well, what do I know that I can teach to someone else and bring them along?
- 20:28And and and we can start to grow together and and to bring them up to speed to where I am.
- 20:33So it was very early on in the process.
- 20:36As soon as because I got to a 100 episodes in nine months.
- 20:39I just went all in on it, said I'm gonna get to this magical number with podcasters.
- 20:43They're like, well, you're not a real podcaster until you have a 100 episodes.
- 20:46Well, I wasn't gonna sit around for two years releasing an episode a week to get to that.
- 20:50It was how do we get these out as fast as possible, get all of those reps in, feel good
- 20:55about the product that we're putting out there.
- 20:57And and as soon as I kinda had a pretty firm grasp on that, and maybe it was, you know,
- 21:01April 2025 winning the content creator of the year award from the Midwest Country Music
- 21:06Organization, that gave that level of a a little bit of authority.
- 21:10Hey.
- 21:10You kinda know what you're doing.
- 21:12So now I can, and not that I was trying to, you know, take on and be a podcast coach to many
- 21:19people and to build a business out of that.
- 21:21It was how do I take a few people under my wing, teach them what I know, and see if I'm
- 21:27any good at that.
- 21:28And then watching them flourish over the course of the last twelve months has been super
- 21:33rewarding for me because, I've seen success and their success is my success as well.
- 21:40And are they ready to step in and to run the whole business, today?
- 21:45Probably not.
- 21:46I I keep a lot of plates spinning, and I realize that I I am probably uniquely built for
- 21:52some of those, environments, especially on the stress side and being able to manage, you know,
- 21:5712 tasks in a single day probably and changing that many hats.
- 22:01But the it first starts with, can you do the job?
- 22:05Can you host the shows?
- 22:07Can you start to do your own booking and acquiring, you know, guests and talent in that
- 22:12way?
- 22:13And I could teach that without having to have ten years of experience.
- 22:18Well and I think for the listener, there there comes a time when you know, like you said, I I
- 22:26I got these reps under my belt.
- 22:28I developed this skill set.
- 22:30I had sharpened my craft, and then I wanted to bestow that on somebody else, see them change.
- 22:40And so what what for you is rewarding out of disseminating that information, coaching
- 22:48somebody, bringing them up through your extensions?
- 22:50What what for you is rewarding for that?
- 22:54I think for any great coach is seeing the success of of your, you know, athletes and of
- 23:00your pupils, if you will, to see them succeed.
- 23:03I think that I didn't know how good that was going to feel until I saw it in real life.
- 23:10And I was like, oh, that was pretty awesome to be able to take you from I don't have a podcast
- 23:16and I don't feel comfortable in this space and I don't know what I'm doing to watching them
- 23:20standing on their own two feet and really having something built there.
- 23:25And that was something that kinda keeps me going because we can recreate that process now
- 23:31and and, you know, not that like I said, I I don't necessarily at this moment have any
- 23:36inclination to, you know, start a coaching clinic by any means where we're doing this at
- 23:40scale, but it it teaches me that, well, now if we can teach that to someone, what else can we
- 23:47teach them?
- 23:48How can we prepare these other people to become teachers themselves?
- 23:51And then having that magnified, scope of it because maybe someone that we bring in and
- 23:56teach how to do the things that we do, maybe they take to the coaching and really take off
- 24:01in that marriage.
- 24:02And now we've magnified that impact that we're having, by by who we're teaching and how we're
- 24:07approaching the situation.
- 24:09Well, I think I think
- 24:10if we boil it down, think you would agree to this that regardless of you're doing coaching,
- 24:14quote, unquote, coaching work, the we go back to that question of and this is kind of where
- 24:20we centered our conversation beginning is how do we position a business to grow and expand
- 24:26and be attractive for an acquisition is there has to be a point in time where I find this
- 24:33innate joy in seeing others' people's success and the, you know, the light bulb moments or
- 24:41the smiles or the I didn't think I could do that.
- 24:44Like, I had no I didn't know that was in me.
- 24:47And and I think even if you're not really a coach, but you're the entrepreneur who wants to
- 24:51grow an asset, there has to be something that's just ingrained, built in.
- 24:55You don't quite understand it, but you love seeing and being part of that story of someone
- 25:01else's success.
- 25:02It doesn't have to be directly yours.
- 25:04Like, you don't have to be the one accepting the medal, but you're part of that story.
- 25:08You're part of that building process for that person.
- 25:11It's like, oh, I was part of this story.
- 25:13And for me, that happened really early on.
- 25:15I remember, we were, I was helping run a clinic for wakeboarding.
- 25:21And if you've ever been behind a boat in the water and it's the first time you've ever done
- 25:24it, that can be really nervy, especially when you're young.
- 25:28And so we were coaching kids basically between the ages of eight and 12.
- 25:31Some were good.
- 25:32Some had been behind the boat.
- 25:33Some had never been there.
- 25:35And so to actually see them and I, you know, I was young twenties, college age, that that that
- 25:44switch for me to coaching that really drew me in was that first time that there's this fear.
- 25:51Like, I don't I I'm terrified.
- 25:54And you're like, nope.
- 25:55Just trust me.
- 25:56We're gonna walk through these steps together.
- 25:58And then there's that initial, like, I got up, I'm super excited, and then I fall flat on my
- 26:03face.
- 26:04And I get up again, fall flat on my face, and I get up.
- 26:06And then we were teaching kids that they could they could do it, and they could ride it.
- 26:09And then we'd we'd pull them back into the boat, and they just wouldn't stop talking about
- 26:13it.
- 26:13They wouldn't stop, like, smiling about it.
- 26:16And and the same thing happens even as you get older in life.
- 26:19I think we I think we lose that joy of, like, new experiences when we get older, and we get
- 26:26really comfortable.
- 26:27And we lose that excitement, that fear, that anxiety of, oh, I don't know if this is gonna
- 26:32work.
- 26:33But as an entrepreneur, like, that being part of that story of bringing people in, coaching
- 26:41people, transition that you see the fear on their face, and you're like, yep.
- 26:46I know what you're feeling, and we're gonna fall a few times.
- 26:50But, man, there's gonna come a day when this becomes second nature to you.
- 26:55And you're gonna come to me one day smiling.
- 26:58You're like, thank you so much.
- 27:00The last three months have been really hard.
- 27:01Last six months have been excruciating.
- 27:03And and you can see I'm getting I'm getting kinda worked up because I'm I'm I'm very
- 27:07passionate about this.
- 27:08But I think for you, Bubba, like, you're right.
- 27:10You get to that point where you see that that transition in them, and they're like, man.
- 27:17Like, thank you for believing in me.
- 27:18Thank you for seeing what I couldn't see.
- 27:21And that's, I think, is the the difference between exceptional coaches, exceptional
- 27:25entrepreneurs is they can see way out in advance what the other people can't see.
- 27:29They're not so stuck.
- 27:30Their nose, we say in enterprise stage, the nose and the tree bark.
- 27:34But they see they step back and see the forest for what it is, and they can see the change.
- 27:39And I and I think for you, you're you're seeing that.
- 27:41We see that all the time.
- 27:43And for the listener out there, there is gonna be listeners for you that this falls flat.
- 27:48And you're like, I love being the athlete.
- 27:49I love operating.
- 27:50I love going out there and taking the hill.
- 27:52And then there are other people who go, you know what?
- 27:54I I like that too, but I also really like seeing other people take the hill and report
- 27:59back and go, man, that was awesome.
- 28:01And you're like, yeah.
- 28:02I know.
- 28:03So so question for you.
- 28:06So now at this stage in your life, where do you feel, that you drive the most joy in your
- 28:14business and your entrepreneurship journey?
- 28:18It's a great question.
- 28:20It's it's easy to turn to the, events and the things that we get to do and to point at those,
- 28:26right, being at the Vikings home opener just a few weeks ago.
- 28:30And, you know, this weekend, we'll be going to a big rodeo event here in South Dakota.
- 28:36And a lot of the things that we were paying out of pocket to go to, we now have media
- 28:41credentials for.
- 28:42So really easy to point at at those moments as being something great.
- 28:46But I think one of the most rewarding things to me and kinda ties into what we're talking about
- 28:50here is is bringing in more creators.
- 28:53And especially now that we have our own Roku channel with the Scene Project Sports Network
- 28:58and seeing that taking off, it it really opened a lot more doors for us as far as properties
- 29:04go.
- 29:04Right?
- 29:05We we can cover every sport.
- 29:06There's an I know immediately there's not enough time in any day for me to do all of the
- 29:11things.
- 29:12So it's really been in identifying people and and and having people now reaching out to us
- 29:17that are like, hey.
- 29:18I see you.
- 29:20How are you doing this?
- 29:22I'm interested in that.
- 29:23Can you teach me?
- 29:24Can I be a part of this?
- 29:26And and being able to turn that around, great point that we were at a PGA Tour of America's
- 29:30event up in Brainerd, Minnesota, just three weeks ago.
- 29:34I've had a really good month, Darren.
- 29:35So we're doing this at a great time.
- 29:37You from from from golf tournament to, you know, NFL football and tailgates scenes to pro
- 29:43rodeo, richest, you know, rodeo in history, this weekend.
- 29:49So, we had a couple of photographers reach out to us that are like, hey.
- 29:53You know, see you getting credentials for all these things.
- 29:56How do you do that?
- 29:57And instead of just, you know, telling them, oh, well, you reach out to this person and you
- 30:01maybe get lucky is like, well, how can I provide that opportunity for you?
- 30:05I'm going to this event.
- 30:07Are you interested in coming and joining us and taking part in your first golf event?
- 30:11Our first one really running a team like that.
- 30:14So it was a learning experience for them, but it was also a learning experience for me in the
- 30:18fact that I was now the executive producer to this.
- 30:22It wasn't me running a one man show, taking the photographs, doing interviews, and being
- 30:27everything to everyone.
- 30:28It was really stepping back and being hands off.
- 30:30I felt a little lazy some days just kind of sitting and, you know, kind of enjoying the
- 30:35experience and and being present in the moment instead of having a million things to do, but
- 30:41understanding that the work was getting done.
- 30:43So that was really a twofold.
- 30:45We were providing that opportunity for someone else to go out and excel.
- 30:49I was getting reps in a completely different situation than I had been in before, and now we
- 30:56get to go and say, hey.
- 30:57We were capable of doing that.
- 30:59We can do this again in really any kind of situation.
- 31:03Well and I think you you touched on a really important piece.
- 31:06And and if we put your business, under the microscope, what if the listener listening to
- 31:13this podcast is like, what is he talking about, and what's the technical term?
- 31:18Owner dependency is the term that comes up most commonly.
- 31:21And if we if we relate this back to your business and any other business that's looking
- 31:25to create value, k, And this is an enterprise value that is unique to the business itself.
- 31:33It's how do we how do we address the question of owner dependency?
- 31:38And so I'm gonna I'm gonna grill you a little bit here.
- 31:41If if you were to hi.
- 31:43I've got my lovely assistant.
- 31:44He gets a little worked up when mama comes home, but he's a good boy.
- 31:48Aren't you?
- 31:48Yeah.
- 31:49You're a great boy.
- 31:50But we've got this question of ownership dependency or owner.
- 31:53I know.
- 31:54Owner dependency.
- 31:55And I think this is this is the biggest piece for creating enterprise value.
- 32:00It would be like, you put your home on the market, and somebody's like, hey, man.
- 32:05I'm gonna make you an offer, and I really like your house.
- 32:07And you're like, great.
- 32:08Buy my house, but at no charge, I'm gonna keep living in the basement.
- 32:13You'd be like, woah.
- 32:14I I I don't wanna buy that.
- 32:16That that's weird and uncomfortable.
- 32:18And it's the same thing because if you weren't living in the basement, the house would fall
- 32:22apart.
- 32:22If you weren't living in your business, the business would fall apart.
- 32:24And so tell me, if you were to stop doing what you're doing, would the scene project make it a
- 32:35week?
- 32:37Yes.
- 32:38Well but only only because I'm scheduled out with content for about six months.
- 32:42But it would be at that six month mark, right Yes.
- 32:45That we might start to have, some issues where where things may not be operating, to the same
- 32:52capacity.
- 32:53Okay.
- 32:53So then my next question would be, why do you feel like it wouldn't be operating the same
- 32:58capacity?
- 33:00Well, because, yeah, I I am still the sole connector to a lot of these between the
- 33:05creator, the creation, the production, and the promotion of all of those things.
- 33:11So a lot of that is still running solely through me.
- 33:14Yep.
- 33:15And so okay.
- 33:17I I told you I'm I'm I'm gonna put you in the hot seat right now.
- 33:19K?
- 33:20Right now, you know all of those things.
- 33:22They're up here, and some of them might be on paper.
- 33:24But how much of what you're doing that keeps the company running after that six month mark
- 33:29has yet to be documented and systematized?
- 33:33Yeah.
- 33:33Pretty much all of it.
- 33:35Okay.
- 33:36Okay.
- 33:37So and this is this is a good dialogue because I say we go out and find a 100 business owners
- 33:44and we survey all of them, a good 80% are gonna be in that same bucket.
- 33:51And this is why 80% of businesses never sell.
- 33:54Because owner dependency isn't just you showing up every day.
- 33:57Owner dependency is the systems, the IP, the what really makes the company run and function
- 34:05has yet to be documented into a way where I can say, okay.
- 34:10These responsibilities need to go here.
- 34:12These responsibilities need to go here, then I can start training those.
- 34:15And there may be some things you never take off your plate.
- 34:18Like, I would say for most entrepreneurs, the last thing you wanna get rid of is sales
- 34:24because you're always gonna be the most passionate person.
- 34:26You're always gonna be the most convicted.
- 34:28Right.
- 34:28I know.
- 34:29You're passionate about mom and snacks.
- 34:32He golly, you're such a whiner.
- 34:37But so okay.
- 34:38So, the majority of your systems and processes are still yes, I know.
- 34:42Are still with you.
- 34:44And so if you got hit by the bus today, what happens?
- 34:49Yeah.
- 34:49The scene projects as a media group are finished.
- 34:52Yeah.
- 34:53And so what I would suggest, and this is where the coaching comes in, is let's start let's
- 34:59just start documenting all of that stuff.
- 35:01It doesn't have to be pretty, and it's gonna be really ugly for a while.
- 35:05And so what's keeping you right now?
- 35:09Again, said I was gonna put you on the hot seat.
- 35:10What's keeping you from putting all that stuff down on paper or just AI?
- 35:14Just record it.
- 35:17Yeah.
- 35:17Nothing really.
- 35:18And to some degrees, I guess, we we've done a little bit of this, even just making some short
- 35:22videos of how to do some of the things that I'm doing.
- 35:26So there is a process that's begun as I'm looking to offload things just to get them off
- 35:30my plate.
- 35:31But the secondary to that is that we're kind of building those, you know, those SOPs, if you
- 35:37will Yeah.
- 35:38Into the process of, like, hey.
- 35:40This is how all the things that you see happening outwardly, this is how they're be
- 35:45coming to fruition is through this work here.
- 35:48Well and I think there's an even greater question here, and this goes into the the
- 35:54visioneering for a company.
- 35:57You know, a lot of times people go, oh, we need to hire this person.
- 36:00Like, we need a, you know, we need a tech person or we need a a PR person or we need x y
- 36:07z.
- 36:07And it's like, tell me why.
- 36:10Well, because we're failing in this thing.
- 36:11And and okay.
- 36:12Well, why do you think you're failing?
- 36:14Well, because we're not making the money we wanna make.
- 36:16Okay.
- 36:16Well, why aren't you making so so we ask these kinda seven layers of why.
- 36:21I know.
- 36:22You're ex I'm excited.
- 36:23You're excited.
- 36:24But at the end of the day, if I don't have documented documented systems, processes,
- 36:33procedures, and then I coordinate those and lump them into categories, I can't determine
- 36:38which thing I need to hire for first and which thing is actually going to relieve me of the
- 36:44most stress.
- 36:45It's still based on feelings.
- 36:47It's not based on objective data.
- 36:49And so come here, bud.
- 36:51Yeah.
- 36:52I mean, do you wanna just say hi?
- 36:53Like, you're pretty cute.
- 36:55So you can just sit.
- 36:56Mhmm.
- 36:56So, so step number one for you, and this is this is where I would I would really want to
- 37:01coach you through, is number one, let's put everything on paper.
- 37:06Let's document everything, and there may be some people why don't you go slide down?
- 37:11There may be some people that you need to hire.
- 37:13There may be some people that you don't.
- 37:15And so tell me right now, like, what would you say is the biggest bottleneck for you?
- 37:22Time.
- 37:22But by far, it is just time, which I'm sure is extremely relatable for a lot of people when
- 37:30you're trying to wear a thousand hats a day.
- 37:32Sure.
- 37:32So tell me okay.
- 37:34Again, it's just quiz time.
- 37:36What would you say your time is worth per hour?
- 37:42Somewhere between 25 and $50 an hour.
- 37:48Your time is only worth 25 to $50 an hour?
- 37:50May maybe.
- 37:51I don't know.
- 37:52I I work a lot, and I don't bring a lot home.
- 37:56Okay.
- 37:56So I need you to flip your mindset, and this is what a lot of business owners really struggle
- 38:01with.
- 38:02If you were to have freed up your time and you could go out and get yourself in front of
- 38:10bigger vendors, you could talk to bigger talent.
- 38:16You could get yourself positioned.
- 38:18Now how much is your time worth?
- 38:21Right.
- 38:22Maybe maybe triple or more than that.
- 38:25K.
- 38:26And so as the entrepreneur, yes, in the beginning, we wear all the hats.
- 38:31K?
- 38:31So I'll I'll give you a prime example.
- 38:33When my wife and I owned the gym and we had very few clients, I scrubbed toilets.
- 38:37I cleaned floors.
- 38:38I wrote programming.
- 38:40I coached.
- 38:41I did consultations.
- 38:42I did all these things.
- 38:44As we brought in more clients, k, the first things that I was like, okay.
- 38:50What do I need to get off my plate?
- 38:51Because if I go sell, I can sell somebody a $600 package or a thousand dollar package or a
- 38:56$1,500 package, and that's an hour of my time.
- 39:00I could I could spend that time cleaning the gym, or I could hire somebody for 25 to $50 an
- 39:05hour.
- 39:06And so that, I think, is is the the switch that needs to flip in our mind.
- 39:12There's a great great business mind out there.
- 39:15His name is Dan Martell.
- 39:16He's got a book called Buy Back Your Time.
- 39:18And it's and it's great in theory, but at some point in time, you gotta go, okay.
- 39:21What is my time worth, and and what do I need to shop out or hire in to really release that
- 39:30for him?
- 39:31And and the same thing for you is, first, we gotta document all the things that make your
- 39:36business run, make it run exceptionally well, why you're so successful.
- 39:40Number two is what are the things that I can bring in or the bottlenecks that I can reduce
- 39:48so that I get myself into the position of I'm the one going out and acquiring new business,
- 39:53bigger talent, bigger scenes, these things, and that jumps your time value through the roof.
- 40:01And so that's really the the focus for you right now at this juncture as you're building
- 40:05this thing, this asset, it's not just getting rid of responsibility.
- 40:11It's getting rid of the responsibility that's the lowest time value on your part.
- 40:14And that's where a lot of business owners really struggle because they're like, I can do
- 40:17this well, and I can do this faster, and nobody else can do it like me.
- 40:21And it's like, trust me, man.
- 40:23Nobody needs to do it like you.
- 40:25If it's 80% proficient, your clients are still gonna love it.
- 40:29Right.
- 40:30And I think that's something that I I've accepted into what we're doing and finding
- 40:35those kind of, you know, the the lowest common denominator in these.
- 40:39Hey.
- 40:40What are these things?
- 40:40You know, the social media stuff was the easiest to kinda offload.
- 40:44Who can copy and paste this stuff that's already created and and upload these things and
- 40:49and to bring them in?
- 40:50And we're very fortunate to have, you know, in this day and age, you know, the virtual
- 40:55assistant market being extremely competitive.
- 40:58There's a lot of people that can do that for, you know, $15 an hour that that we can offload
- 41:03some of that so that I can free myself up to be in that sales role.
- 41:07For the point that you made earlier is that no one's gonna be more passionate about what we're
- 41:11doing.
- 41:12I've talked a lot about wanting to have, you know, some some salespeople in here and
- 41:17offloading that, but that's just not where the value is going to be.
- 41:21No one's gonna be able to sell what and who we are, you know, with still a small following,
- 41:27but our value is so much higher than just a a simple following cut, you know, on a social
- 41:32media site is.
- 41:33And those eyeballs that are paying attention to us are much more valuable than even if we had,
- 41:39you know, 10,000 people that were cursorily paying attention, maybe once a month.
- 41:44Yeah.
- 41:45But I think you're right, and I think you're on the right track.
- 41:49You there was a a very important piece that I picked up on.
- 41:53You're going you went to the Vikings game, and then you're going to the rodeo, and then you're
- 41:58going to some of these bigger events.
- 42:00And and and the thing for me that stuck out the most is I didn't have to do it all, and it kept
- 42:08going.
- 42:10And we've gotta build on that because the business owner oftentimes gets sucked back in.
- 42:15K?
- 42:17Craig wrote a great article not too long ago.
- 42:19It's called the rubber ceiling.
- 42:20And we should push it out for the viewers because I think they'll they'll get a lot of
- 42:25value out of it because it's this it's this idea that I'm trying to crack through this
- 42:29ceiling.
- 42:29I'm trying to go.
- 42:30I'm trying to get up there.
- 42:30I'm trying to get out of the day to day.
- 42:32I'm trying to get out of the trench, but there are always these things pulling me back.
- 42:36And, well, this person didn't show up.
- 42:37And and, oh, this contractor or this client is unhappy, and I've gotta be the one to solve the
- 42:44problem, to soothe, to pacify the situation.
- 42:49And and and I think we've gotta go through some of those things.
- 42:52And and you have kids.
- 42:53How old are your kids?
- 42:55Oldest is now 14, 11, and nine.
- 43:01My daughter will be 10 in less than a month.
- 43:03So
- 43:04My my kids are 10 and eight.
- 43:05And so we've been we've both been removed from the the crying baby at night that needs
- 43:11pacification and soothing.
- 43:13There are some times when you have to go through that and go, that was okay.
- 43:18I didn't have to run over there and, like, helicopter parent.
- 43:21I think a lot of entrepreneurs, helicopter entrepreneurship, When your staff, the people
- 43:26you hired, would you say that did you feel a little nervous during those situations, but you
- 43:32still made it out the other end successfully?
- 43:33Yeah.
- 43:35A 100%.
- 43:36Definitely, early on, I think it's impossible not to feel that way that, like, if I don't do
- 43:41this, it's going to fall on its face, just like, those kids wakeboarding.
- 43:47Mhmm.
- 43:47But we we have to allow those people, I I think, to, to learn and to grow in their own
- 43:53respect, or they're never going to become the best version themselves in this company and
- 43:59outside of it.
- 44:00And so the only way that we create that
- 44:04lowered concentration of risk on the ownership itself is by actually allowing for there to be
- 44:14maybe it's a little less quality.
- 44:17And I'm not saying it should be bad quality.
- 44:20But if your vision for this thing is it has to be a 110%, nobody can do it but me, and you
- 44:26don't allow for 80 to 90% call it that somebody else can do and do really well or maybe even
- 44:32beat you at it.
- 44:33I mean, there are there are athletes that I coached in our gym, and I was so excited to
- 44:39see.
- 44:40I'm like they're like, are are you like, but you're the gym owner, and and and you're you're
- 44:44competitive.
- 44:45So so is it upsetting for you to see other people get better than you?
- 44:48I'm like, heck no.
- 44:50It means that I'm doing my job.
- 44:51It means that our gym is great.
- 44:53Like, I want every I I want all the elite athletes to be better than me at some point in
- 44:57time.
- 44:57They should be.
- 44:58I want my kids to be better than me at some point in time.
- 44:59I don't wanna be beaten up on my son when he's, like, 18, 19 years old.
- 45:02I want him to put me because I know that he he he's gone through those trials and
- 45:06tribulations.
- 45:07He's gone through the the maturation process.
- 45:09And for the owner that's out there that's struggling with this, you gotta take a step
- 45:13back and go, okay.
- 45:15Is is it the me show?
- 45:18K?
- 45:18Is it the, you know, starts what did you say?
- 45:21It starts and ends?
- 45:22Yep.
- 45:23Yep.
- 45:23Is it ends?
- 45:24You know, where does this thing end?
- 45:26Or or or does this thing morph into something new and great that I can still be a part of
- 45:31that's that's really, really important.
- 45:33So the owner dependency thing is a killer for people.
- 45:36The other question for you is, you know, you can all you can make money through all kinds of
- 45:41of different ways, content, production, sponsorships, marketing services.
- 45:46There's a lot of different ways to create revenue.
- 45:51But but revenue versus value, two different things.
- 45:56And so how do you look at revenue versus value?
- 46:03Yeah.
- 46:03That's that's an interesting, proposition because I actually think that we're a lot more
- 46:08valuable than we are, you know, making revenue at this juncture in time.
- 46:15Because I I feel like especially in the media world, there's you have to pay it forward so
- 46:21much.
- 46:22And it's probably true in a lot of other businesses.
- 46:24You have to build that value for a lot longer in some cases before it really starts to
- 46:31become, you know, something that's profitable.
- 46:34Right?
- 46:35And we're very fortunate that it doesn't necessarily cost a lot to do what we're doing.
- 46:39A lot of what we're talking about is just my time.
- 46:42And and me putting a very kinda low number on what the value of my time is right now is due
- 46:48to that, that we are in this value building stage, and it takes time to build the
- 46:54authority, I I guess, for lack of a better term, to to prove to people that we are
- 46:59valuable.
- 46:59So there's been a lot of, you know, going out and doing some of these events at no cost to
- 47:05someone without any sponsor support really behind us just to go out and prove that, hey.
- 47:10We we do this, and we do it pretty well.
- 47:14Now when we circle back to that, the revenue starts to being in there.
- 47:18So I think we've done a really good job about building that value and while we're building
- 47:23experience at the same time and now being able to, you know, focus on the revenue in this next
- 47:30kind of turning a page to this next phase of our company.
- 47:34Yeah.
- 47:35Well and I think you're you're wise in that in that the separation between revenue and value
- 47:40has to be there.
- 47:41And we would never tell an a company to not keep building revenue at the point where and
- 47:47there's a lot of people that get to, like, the three they're, like, three years out from
- 47:49selling.
- 47:51And they just start to they it's like, they've they've arrived.
- 47:55It's like, no.
- 47:55You have to keep charging through probably a year after your business sells to ensure that
- 48:00the revenue keeps growing.
- 48:03The value is different.
- 48:04The value is tied to not just what is coming in, but what are all the other assets, what are
- 48:10all the intangibles that are of value to somebody?
- 48:13Is it is it the clients that you have?
- 48:17You know, what happens if you sell this thing and then boom, everybody scurries off?
- 48:21They're just, like, scatter.
- 48:23What happens if, you know, your biggest client or biggest clients or maybe you're
- 48:27concentrating to one client, And they're like, well, we really like working with you, Bubba,
- 48:31and we're not you know, we don't know this other person, so we're gonna find somebody new.
- 48:36So there's not just revenues coming in the door.
- 48:38There's also value built into the thing being built.
- 48:42And if we don't remove the ownership from that to the extent necessary, everything's tied to
- 48:49you being there.
- 48:50And that's the biggest mistake I made in my gym is it was it was the Darren and Katie show.
- 48:55That's my wife's name.
- 48:56Her name is Catherine Dakota.
- 48:57She goes by Katie.
- 48:58But, really, that's what it was.
- 48:59Hey, buddy.
- 49:01And then when we when we had talks about changing ownership, people got really nervous
- 49:07because they're like, well, we come for you.
- 49:10And that was that was really unsettling for me.
- 49:13I was like, I did this wrong.
- 49:17I built something that was based on me and only me.
- 49:21And even when we started bringing in new coaches, I think that was the kicker for us is,
- 49:25like, as entrepreneurs in our entrepreneurship journey is how do I take a back seat?
- 49:30And it's Enterprise Sage.
- 49:32It's not Darren.
- 49:33It's not Craig.
- 49:34It's not Courtney.
- 49:34It's not Tony.
- 49:35It's not anybody else that we bring in.
- 49:36Enterprise Sage is the thing.
- 49:40The scenes project is the thing, and people create brand awareness.
- 49:45They they they they value the thing, not the human running the thing.
- 49:50Because if the human's not running the thing, then the thing has no value.
- 49:54And so, you know, we would never tell tell you to stop growing your revenues, obviously.
- 49:59Keep keep growing.
- 50:00You know?
- 50:00Keep hustling.
- 50:01Keep grinding.
- 50:02But there has to be a value proposition that's tied to the thing that's not you.
- 50:06And so how much of this, or for you and your mindset and for the viewer out there, the
- 50:12question is is is the attractiveness of the company based on you, or is the attractiveness
- 50:18of the company based on what the company can do?
- 50:22Well and I think we're right in the middle of that switch.
- 50:26Right?
- 50:26We're definitely early on with with this first iteration and being in the music space.
- 50:32It it was very uniquely tied to me and those connections and the the relationships that I
- 50:38had built in that world because it it came with me.
- 50:41I had already had all those connections in that prior, you know, kinda life.
- 50:45And as a musician, I brought those with me.
- 50:48And where I really turned this on its head was especially with the creation of the sports
- 50:53network that flipped to that a little bit.
- 50:55Now I was having to reach out to new people and to build that, and it allowed me to kinda put
- 51:00the network up there as a as a piece of it.
- 51:03And not calling myself necessarily the the owner or founder of it, but putting myself in
- 51:09the position of executive producer as someone who is a little bit replaceable inside of that.
- 51:16And I think a lot of people would understand that I am, at this moment, the the driver of
- 51:22that.
- 51:22But as soon as we're in a position where we can put someone else into this role, whether it's
- 51:27by training or it's hiring from the outside, should we ever get big enough to be able to do
- 51:31that, there are other people that can do some of these jobs and and probably have more
- 51:36experience and knowledge to bring to the position than I do, and I am able to take a a
- 51:43step away even further from that role.
- 51:46Yeah.
- 51:47Well, I think that's that's the cool transition for a lot of owners is is they have to go, man,
- 51:51these people are way better.
- 51:53They're way faster.
- 51:54They're way more gift in this arena than I am.
- 51:57I don't have to be I don't have to wear all these hats.
- 52:00There's this weird I think for a lot of people new to business, like, there's a mandate to
- 52:06wearing the hats or there's a pride.
- 52:08There's a there's a I can do this.
- 52:11You know, I'm pulling myself up by my bootstraps.
- 52:13I'm gonna wear all these hats, and that's that's the thing.
- 52:14And it's like, no, man.
- 52:15You're you shouldn't wanna wear all the hats.
- 52:19You should wanna wear the hat that's worth the most money and that you're the most gifted at
- 52:24and get rid of all the other hats.
- 52:26Yeah.
- 52:27At some point, you're just like like an idiot with 12 hats stacked on top
- 52:30of one another.
- 52:32And You you look serious.
- 52:34Seriously silly.
- 52:35Hard question for you.
- 52:37K?
- 52:38If somebody were to come so so we've we've kinda we've defined that we need to get out of
- 52:42the concentration of the ownership.
- 52:44We start you know, we've gotta start to put systems down in place.
- 52:48We've gotta understand, you know, what are the functions, the features of this thing.
- 52:52That way, we can hire in the right people.
- 52:54So we've documented.
- 52:55So first off, I I kinda like to recap.
- 52:58I gotta look at my business as an asset that I'm gonna grow.
- 53:01K?
- 53:02Step number one.
- 53:02It's not a job anymore.
- 53:03This thing is an asset that's got its own life.
- 53:05It's got its own health and well-being, and it's not me.
- 53:08Number two is what are all the things that I'm still doing that haven't been put down on paper
- 53:13that I can systematize, that I can build a role around or a role around it, and and start
- 53:19bringing in the people that can do those things?
- 53:21That helps me resolve that issue of, you know, ownership concentration.
- 53:26I'm the only one doing it.
- 53:28But the sec the the question then becomes, okay.
- 53:31And it's kind of uncomfortable.
- 53:33If somebody offered to buy the company, what are they exactly buying?
- 53:41Yeah.
- 53:41Another great question, Darren.
- 53:43What they are buying is a, yeah.
- 53:48I I guess I I don't have a really great answer for that.
- 53:51Right?
- 53:52You know, because the connections are innately tied to me and not necessarily the company
- 53:57because of the documentation.
- 53:59I think it's a little more fleshed out in some of the properties real big, real biz rather
- 54:04focus you know, kind of exist as a promotional platform for businesses.
- 54:11That one's a little more well defined.
- 54:13The sports network, you can find sports coverage anywhere, but the unique relationships
- 54:18that we're building inside of that have some value.
- 54:22Also, being a a property that draws a lot of eyeballs to it because of the sports and the
- 54:28teams that we are covering, which has that value on the outside.
- 54:31But what is it as a whole is still a bit of a mystery to me as, the spaghetti starts to fall
- 54:38off
- 54:38the
- 54:38wall of the last two and a half years of chucking it over there.
- 54:42And and I didn't expect for you to answer that question today, and I honestly don't expect
- 54:45owners to answer that when we have our first conversation.
- 54:48But that question starts to create curiosity.
- 54:53And that question helps us to refine and understand what am I working on and toward and
- 54:59what is the outcome I'm seeking.
- 55:01You know, they are they buying my audience?
- 55:03Are they buying my contracts, my brand, my systems, my relationships?
- 55:07What actually has value?
- 55:09I read a story recently.
- 55:12It was on on LinkedIn, and and it was about a company that did at home urine this is so
- 55:19weird.
- 55:19Urine testing kits for cats.
- 55:23I know.
- 55:23Super weird.
- 55:24But I was like, oh, that's an interesting article title.
- 55:26And I was like, so I perused the article.
- 55:28And they and and because they were acquired by a pharmaceutical company for, like, over a
- 55:34$100,000,000.
- 55:35And I was like, holy smokes.
- 55:39Like, why?
- 55:40Like, at home testing kits for cats?
- 55:42They didn't care about the testing kits.
- 55:45They cared about the data that this company had created over the last decade.
- 55:51And I was like, holy smokes.
- 55:53That's really smart.
- 55:54So they bought this company.
- 55:55I don't even think they do I don't know if they do kits anymore or not.
- 55:58I don't think they really cared.
- 56:00They bought the data so that they could create a pharmaceutical to cure the reason why cats
- 56:06were having UTIs or something crazy like that.
- 56:08But it was a multi you know, these people made it big, and they didn't even think about it.
- 56:13So analyzing, like, what is my audio like, what is somebody actually buying?
- 56:16Because they might not be buying the thing that you think you're selling.
- 56:21And so, you know, they might be just they might just wanna buy you for your connections.
- 56:27So sometimes they might wanna buy you just to get you out of the way.
- 56:31I it's true.
- 56:32And so and so I think there's a there's a deeper question here.
- 56:34It's like, you know, okay.
- 56:36If somebody came to buy me today, what are they buying?
- 56:38What is it?
- 56:39And how do I and how do I leverage that?
- 56:43Because I guarantee you, this company that was selling these testing kits, if they would've if
- 56:48they would've taken a step back and said, hey.
- 56:49You know what?
- 56:50We've got thousands and thousands and thousands of data points.
- 56:56If they presented that to multiple pharmaceutical companies, they probably
- 56:59would've had a bidding war.
- 57:00They might have gotten more for it.
- 57:01And so I think it's an it's an understanding of what am I actually generating here, what am I
- 57:07selling.
- 57:08And so I think that's an important piece for the ownership to understand too is what are you
- 57:12actually creating and why?
- 57:17One of the last questions know we're we're coming up on time.
- 57:18We got about three minutes left today.
- 57:21Yeah.
- 57:21You take as much time as you need, Darren, but go ahead and and fire away.
- 57:26Yeah, dude.
- 57:27So, let's say I I came to you today, and I wanna double your company in the next year.
- 57:35Would you automatically just say yes
- 57:40or triple it?
- 57:42Think that I think that double is probably a low estimate.
- 57:45I I think on our own, we're going to do more than that.
- 57:48So I don't know that I would say yes right away.
- 57:51I think we're uniquely poised, at this moment in our in our company, to to triple or or
- 57:58quadruple over the next twelve months.
- 58:01So double double is not enough.
- 58:03Can we do better?
- 58:05Can we do better?
- 58:06And and that might be the right question for you.
- 58:08A lot of times people come to us, they're like, I want this.
- 58:10I want that.
- 58:11I want this.
- 58:11And it's like, the best first question is to go is to say, not can I, but should I?
- 58:24Had a great business connection.
- 58:28He did some coaching for us for a little while.
- 58:30He had a a very successful supplementation company, and he he cautioned us, you know, as
- 58:39as fledgling entrepreneurs and business owners.
- 58:42He's like, I caution you on taking on too much growth too soon.
- 58:49And he said, think of it in terms of plumbing.
- 58:53K?
- 58:53You got one pipe.
- 58:54You got good flow.
- 58:55It's coming through, but you want more water.
- 59:00Do you actually have the capacity, the pipes, to take on more water?
- 59:04Or if we only have one pipe or two or three and we need 10 and I give you a value of 10 pipes
- 59:14into year one, what's gonna happen?
- 59:18It's gonna burst.
- 59:19It's gonna burst, baby.
- 59:20And so I think the real question is before we say, do I need to or want to or aspire for
- 59:27growth?
- 59:27Do I have the capacity for growth?
- 59:30Is more growth at this juncture actually going to be harmful in the long run?
- 59:37And I would say that goes back to, do I have the systems, the practices, the procedures, the
- 59:41SOPs drilled down enough that I can take on reasonable manageable growth?
- 59:48I'm not telling you that and I would never tell this to a business owner.
- 59:50You gotta get everything figured out and mapped out.
- 59:52You gotta repack your chute 10 times before you jump out of the plane because you'll never
- 59:55jump.
- 59:56You know?
- 59:57You're you're stuck in that paralysis by analysis.
- 59:59But I think there's also a an eloquence to the coaching of somebody toward manageable growth
- 1:00:08with the systems that are set in place now.
- 1:00:11Because the last thing we want is for somebody to get so much growth that then it's like, oh,
- 1:00:15these people couldn't actually do what they they said they could do.
- 1:00:19Oh, the product actually wasn't as well thought out and well developed as we thought.
- 1:00:26And so it actually creates a negative buyer experience, a negative client experience.
- 1:00:32And so doubling your growth at this juncture might be the right fit for you if you've got
- 1:00:38enough of the systems and procedures in place to take on that kind of growth.
- 1:00:43But what if we 10 x your growth?
- 1:00:49Yeah.
- 1:00:49We we we would break stuff.
- 1:00:51Yeah.
- 1:00:53Well, these are these are wise questions.
- 1:00:56I think there's a re there's manageable growth.
- 1:00:59K?
- 1:00:59So how do we know when growth is creating value versus creating complexity?
- 1:01:03How do we know that?
- 1:01:04How do you know that?
- 1:01:07I have no idea.
- 1:01:08K?
- 1:01:09I think, like you said, I think you do.
- 1:01:1210 x would break things.
- 1:01:14Two x would be great.
- 1:01:16So there's a gut response.
- 1:01:17And you know this because you're in the ownership and you know like, immediately, when
- 1:01:22I said 10 x growth, you're like, oh, shoot.
- 1:01:24That would be this many people, this many podcasts, this much editing.
- 1:01:28And you just there's probably just, like, the matrix.
- 1:01:31It's just, like, flowing through your brain.
- 1:01:32Like, no way can we do that.
- 1:01:34And the reason why that happens is because you know all that it takes to do one or two, and
- 1:01:39you're comfortable there.
- 1:01:41To do 10 of those all at the same time, there's an immediate sinking feeling, like, in the gut.
- 1:01:48It's like, no.
- 1:01:50I couldn't.
- 1:01:52And so this is where, okay, we bring up the growth, but we have to start documenting,
- 1:01:58systematizing, and bringing people to fill in those gaps.
- 1:02:00And then it's like, oh, yeah.
- 1:02:02This is great.
- 1:02:03We're operating at you know, we're stabilized again.
- 1:02:06Yeah.
- 1:02:06Let's bring on five.
- 1:02:08Let's bring on to ten.
- 1:02:09And and it's this kind of, like, leveling up experience.
- 1:02:13Like, if I just were to drop all of it in your lap, you would be a a wreck.
- 1:02:19And I think that's where this manageable growth comes from.
- 1:02:22And so what, for you and your industry, what numbers do you watch for?
- 1:02:29Like, what's a goal for you for revenue, for company value?
- 1:02:34Like, what what are you positioning that on at this juncture?
- 1:02:38Yeah.
- 1:02:39I don't know that I've actually put a lot of of thought into it.
- 1:02:43We we've been so inside inside of just kind of learning and figuring out who and and what we
- 1:02:48are.
- 1:02:50I've always kinda said that for me, to have this match what I left.
- 1:02:56Right?
- 1:02:56Leaving the factory and the skilled labor position that I was in, can what we're doing
- 1:03:01match that income?
- 1:03:03And it's probably, you know, that plus some.
- 1:03:05So it's probably between 75 and a $100,000 a year, right, to match so that I'm able to, you
- 1:03:11know, pay myself eventually to to the equal and not that I need all of that because a lot of
- 1:03:19the things that I was spending money on, I now kind of get into free, you know.
- 1:03:24But can it match what I had left behind?
- 1:03:27And that would be, like, that first indicator that the business itself is extremely healthy
- 1:03:32and is doing what it should be doing.
- 1:03:36And and that would, that would be that kind of first indicator of, okay.
- 1:03:40The business is healthy and performing at at a at a level to which I would be happy with.
- 1:03:47Yeah.
- 1:03:47It it's a replacement for what was lost, or it's a supplement to what used to be, or it's
- 1:03:53now taking over.
- 1:03:54I think that's a really good metric for a lot of new early on entrepreneurs.
- 1:03:59As you grow and as the business grows, then what we have to look at is what is healthy
- 1:04:05sustainable growth like a real estate portfolio or an investment portfolio like a four zero one
- 1:04:10k.
- 1:04:12And this, I think, is where we go from job to asset.
- 1:04:15And this is a big, big conversation for a lot of people because, most business owners don't
- 1:04:21do a whole lot of retirement.
- 1:04:22K?
- 1:04:23They struggle in that area.
- 1:04:24They're they're gonna put all their work into their business.
- 1:04:26Gonna exit someday.
- 1:04:27Somebody's gonna buy it.
- 1:04:28And and that's just not a wise thing to hedge your bets on, statistically speaking.
- 1:04:34I'm not saying that your business or whoever's listening to this, you have a great thing that
- 1:04:36somebody wants to buy someday.
- 1:04:38But statistically speaking, you're looking at, I'm hedging my bets on I'm gonna be one of the
- 1:04:4320%.
- 1:04:44And that's gonna happen by just brute force or grit or hopes and prayers, and that's not gonna
- 1:04:50happen.
- 1:04:50It it happens on data and systems and and actually systematizing.
- 1:04:55And even then, industries change all the time.
- 1:05:00I can't say that in five to ten years, the industry that you're in won't change and and
- 1:05:04your thing won't be done by somebody else.
- 1:05:07I don't know that.
- 1:05:08I'm not I wish I did.
- 1:05:09Man, I'd make a lot of money if I had that kind of if I had that ability.
- 1:05:15And, but, but at the end of the day, I think you're right.
- 1:05:18You know?
- 1:05:18You go, okay.
- 1:05:19I'm replacing this.
- 1:05:20At some point in time, you gotta go, okay.
- 1:05:22This needs to give me a return year after year, not just a job.
- 1:05:26Because if if you had a, and I don't know your retirement, but if you have a four zero one k
- 1:05:29and you go to your wealth adviser, and over the course of time, they're not growing that by a
- 1:05:35reasonable amount, what do you do?
- 1:05:38Take your money somewhere else.
- 1:05:40Take your money somewhere else.
- 1:05:41That's pretty simple.
- 1:05:42Most people are gonna be like, hey, man.
- 1:05:44Like, things are looking bleak, and we're not growing.
- 1:05:47And I I I'd like to see some some growth.
- 1:05:50Now I wouldn't say change every year, but if you're working with an adviser and they're it's
- 1:05:55stagnated or losing over the course of ten years, you probably need to go find somebody
- 1:05:59new.
- 1:06:00Same with the business, and and we gotta look at it in the in that lens.
- 1:06:05And so if if if you were to come to me today, Bubba, and say, Darren, help me with my
- 1:06:13business.
- 1:06:14The first thing I would do is I would just have a conversation with you and assess.
- 1:06:18Where where do we stand today, and what's the goal?
- 1:06:21Well, Darren and and and what you've already described, you're like, I I don't want this
- 1:06:25thing to hedge on me.
- 1:06:26I want this thing to keep on living.
- 1:06:28If I get hit by the bus or I decide to sell or somebody brings me a bag of cash, I want this
- 1:06:32thing to have legs.
- 1:06:33Awesome.
- 1:06:34So then we go, okay.
- 1:06:35Well, what is the health of this asset?
- 1:06:39And that has nothing to do with you.
- 1:06:41That has everything to do with specific bio I like biomarkers that come to the wellness
- 1:06:46world.
- 1:06:46I think a lot of people hear that nowadays.
- 1:06:47You know, they listen to podcasts, they're going to naturopaths, and they're, you know,
- 1:06:51they're biohacking, all the things.
- 1:06:54But but what is the health assessment?
- 1:06:56Like, what are the good things that we're doing?
- 1:06:57What are the things that are cause for concern?
- 1:06:59And what are the things if we don't address today, we're gonna bleed out on the table?
- 1:07:03And so that's step number one for anybody that we talk to.
- 1:07:06And I think for any business owner, don't do a business valuation with the perspective of
- 1:07:10exiting.
- 1:07:11Do a business valuation to get a a like, just like if you were to go get blood work done.
- 1:07:17Like, where where do I stand today?
- 1:07:18Like, what are the things that are concerning?
- 1:07:20Is my cholesterol through the roof?
- 1:07:22Am I not getting any sunlight?
- 1:07:23I need vitamin d.
- 1:07:24You know?
- 1:07:25I you know, we're later in life.
- 1:07:27Shoot.
- 1:07:27For most men, it's like, do you have any testosterone in your body?
- 1:07:30Like, these are the things you gotta address because at some point in time, they may not be
- 1:07:33hurting you now, but they're gonna be a problem somewhere down the road.
- 1:07:38So let's just make an assessment.
- 1:07:39And then we can go, okay.
- 1:07:40Well, what what is your vision for optimal?
- 1:07:43Like, what gets you excited?
- 1:07:45K?
- 1:07:46And why does that distance or that that void that exist?
- 1:07:51K?
- 1:07:52I'm here.
- 1:07:53I wanna be here.
- 1:07:54What's the difference, and why does it exist?
- 1:07:56And that's really what we do at Enterprise Sage is we have that conversation with people, and
- 1:08:00then we go, okay.
- 1:08:00Well, let's bring these people in.
- 1:08:02So Bubba would say, hey.
- 1:08:04Here are the things you're doing great, man.
- 1:08:06Keep doing those.
- 1:08:07And and chances are hire somebody to do it for you.
- 1:08:09Let's look over here at the red and address these, and here are some people that we can
- 1:08:13bring in to your team that can really make a difference in a very reasonable amount of time,
- 1:08:18six, twelve, eighteen months.
- 1:08:20And then we take that off your plate.
- 1:08:22It's not adding more to you.
- 1:08:23It's taking more off.
- 1:08:24And at some point in time, that void will diminish.
- 1:08:31And at some point in time, now I got some new problems.
- 1:08:33I'm making more profit.
- 1:08:35I'm paying more taxes.
- 1:08:37I wanna extract value.
- 1:08:38K?
- 1:08:39So I don't just wanna create value.
- 1:08:41I wanna extract it, and then I can diversify that.
- 1:08:44And maybe that's philanthropy.
- 1:08:46That might be opening another business.
- 1:08:48That might be investing money into the business and creating an offshoot.
- 1:08:52That might be retirement.
- 1:08:53That might be legacy.
- 1:08:55But the word that we like to use is stewardship.
- 1:08:58K?
- 1:08:59How do I steward that better?
- 1:09:00K?
- 1:09:01And then at some point in time, we wanna exit because everything ends.
- 1:09:04K?
- 1:09:04Maybe that's to the kids.
- 1:09:05Maybe that's to, ESOP.
- 1:09:07Maybe that's to, private equity.
- 1:09:09Maybe that's to some other media group that's like, man, you've created something really
- 1:09:12good.
- 1:09:12You got really great connections.
- 1:09:13We're gonna buy these connections because we wanna get into these markets.
- 1:09:17And so how do we have a a a good conversation around exiting?
- 1:09:21Because the last thing we want is for you to say, I don't know.
- 1:09:25Somebody brought me some money today.
- 1:09:26They offered me a buyout, and I don't know if it's yes, no, or wait.
- 1:09:32And then last is legacy.
- 1:09:34Like, what does it look like when I write that chapter?
- 1:09:37And so those are the five things we really work on.
- 1:09:39And so for you, the first thing I'll do is just let's just have a conversation, man.
- 1:09:42Let's talk.
- 1:09:43Let's make an assessment of this thing, see where the red is.
- 1:09:46Let's get you out of the ICU.
- 1:09:49You just stabilized, shifted into neutral, and now we're in the first, second, third, fourth,
- 1:09:53fifth, sixth.
- 1:09:55So what questions does that bring up for you, man?
- 1:09:58As we
- 1:09:59plan to do that.
- 1:10:01Yeah.
- 1:10:01Namely, it's, when can we have that conversation?
- 1:10:04Although, I I think we covered most of it here in the last hour plus.
- 1:10:09Yes.
- 1:10:09I think the the questions it brings up to for me is looking at it from the lens of a listener
- 1:10:16that that may be tuning into this episode.
- 1:10:18And Yep.
- 1:10:19And and what is that assessment?
- 1:10:21What is that that process?
- 1:10:23Does it does it really as simple as starting with a conversation?
- 1:10:27Maybe with yourself first to ask some of the questions that you asked of me today.
- 1:10:31You know, what what do you want out of a business?
- 1:10:34And and what does this mean to you?
- 1:10:37Is it okay that it just ends with you and it's over?
- 1:10:41Or is leaving something that is a legacy all unto itself is that important to to you, and is
- 1:10:48it important to me?
- 1:10:50And I I think that, once you can answer those questions kind of internally, it makes the
- 1:10:55answers to some of the other questions and getting into the the data of it a lot easier.
- 1:11:01Yeah.
- 1:11:01And there's no wrong answer.
- 1:11:03People people are like, what if I say the wrong thing?
- 1:11:07Who who said it's wrong?
- 1:11:10Who said it was bad?
- 1:11:13You're operating with all the best information you have today.
- 1:11:16So you made a good choice based on the intel you had.
- 1:11:20Could you have made a better choice with better information and better coaching?
- 1:11:23Probably.
- 1:11:25And so you're right.
- 1:11:26The first the first step, Bubba, is this is for any listener out there is have a conversation.
- 1:11:31And that could be with me.
- 1:11:31That could be with Craig.
- 1:11:33But have a conversation about what you want out of this thing and how you wanna grow it.
- 1:11:39And even if you just wanna you wanna be your own person and have your own job and grow that
- 1:11:44thing to the point, and you're like, yeah.
- 1:11:45When I'm done, it's done.
- 1:11:46Awesome.
- 1:11:47We can help you.
- 1:11:49You can grow it.
- 1:11:50There's a lot of good you can do, and and it's fine.
- 1:11:55And so then the second piece would be, okay.
- 1:11:57We had a conversation.
- 1:11:58Well, let's let's actually put down some data into an assessment.
- 1:12:02Let's get some data back.
- 1:12:03Let's get some feedback, and and let's flush out, are the problems that I thought I had
- 1:12:08really the problems that I'm having?
- 1:12:11K?
- 1:12:11I can go to my doctor and say, I don't feel good.
- 1:12:15These are the symptoms I'm having.
- 1:12:17And he can go, yeah.
- 1:12:18I I I've seen enough of this that I have a pretty good idea of what's going on.
- 1:12:24But your doctor's gonna go, I need to do some further testing to either confirm my suspicion
- 1:12:28or to rule out anything that I don't like or to uncover something that maybe was something I
- 1:12:34need to do.
- 1:12:35So that's where the assessment piece comes in.
- 1:12:37It just it just helps us to understand the greater picture.
- 1:12:41And then we can get into, well, how do we resolve those things?
- 1:12:44And that gets into what's the timeline look like and how much is this gonna cost?
- 1:12:47And and then we can get into those things.
- 1:12:49But I don't even get down that road until I can say, here's what we want.
- 1:12:54Here's the problem.
- 1:12:55Here's how long it's gonna take.
- 1:12:56Here's how we resolve it.
- 1:12:57Because then you see all the value, and then you can go, okay.
- 1:13:00I understand the value proposition here, the timelines.
- 1:13:05There's clarity.
- 1:13:06Nobody likes to make decisions when they're they they they open the door to the room that's
- 1:13:11dark and they're peering and they go, I know there's nothing scary in there, but I don't
- 1:13:17really wanna take that first step.
- 1:13:19You know, we kinda default back to that, like, eight year old kid.
- 1:13:21He's like, you know, Kevin going down in the basement when, you know, when the furnace is
- 1:13:27super scary.
- 1:13:28It's like, shit.
- 1:13:29I don't wanna go down there.
- 1:13:31But you go down a couple times.
- 1:13:32You're like, ah, it's just the old furnace.
- 1:13:34Whatever.
- 1:13:36So
- 1:13:38Well, Darren, I appreciate you, coming on, turning the tables on me a little bit today.
- 1:13:44Obviously, this is exactly what you do with Enterprise Sage.
- 1:13:47Anybody who's looking to get involved with you guys, they can go to enterprisesage.com.
- 1:13:52Start the process there.
- 1:13:53Darren, appreciate you so much spending some time with me today, and appreciate you being
- 1:13:58part of the scene.
- 1:13:59Super fun, man.
- 1:14:00I really enjoyed being here today.
- 1:14:01Bubba, if you need anything, just let us know.
- 1:14:04Will do.
- 1:14:05Be good, Darren.
- 1:14:06We'll see you.