Introduction Podcast and First Business Mistakes

Introduction Podcast and First Business Mistakes

Transcript

Dalton (00:00:00.910)

Welcome to venture step podcast where we listen to successful entrepreneurs and C-level individuals today on the show

Dalton (00:00:06.830)

We have no one and that's not a joke. We really don't have anyone because

Dalton (00:00:13.250)

well, this podcast is to explain why I

Dalton (00:00:17.770)

Started a podcast in the first place and I should have done this the first episode, but I didn't so here we are

Dalton (00:00:25.410)

Let's just give a little bit about myself and who I am. So

Dalton (00:00:30.460)

Kind of like my you know growing up I

Dalton (00:00:34.220)

Played sports. I was always curious

Dalton (00:00:38.140)

about business and numbers and evidently that all always leads to entrepreneurship and

Dalton (00:00:44.020)

When I was working anywhere, I always would think like how would the owner do this?

Dalton (00:00:48.380)

Like if I was the owner, how could I make improvements or how could we do this better even though?

Dalton (00:00:53.900)

I was like a busser or some some random job position that

Dalton (00:00:59.700)

Is not necessarily the person that should be making suggestions on how to run a business

Dalton (00:01:04.180)

But I was always there and sometimes getting reprimanded because of that in college. I

Dalton (00:01:13.260)

Majored in finance and business analytics and

Dalton (00:01:16.600)

Then in college, I founded a company called anyone who great and I'm gonna touch on that a little bit later

Dalton (00:01:22.780)

but I recently just graduated college and

Dalton (00:01:26.820)

Now I am a product analyst at a large insurance company and anyone who great is a company

Dalton (00:01:33.650)

I founded to try to solve a

Dalton (00:01:36.290)

problem, right

Dalton (00:01:37.570)

There is a lot of companies nowadays

Dalton (00:01:41.050)

I'm not saying Nike or Adidas but for like more of like the Instagram companies

Dalton (00:01:46.690)

Like for example a big one would be Jim shark. If you're not familiar with Jim shark

Dalton (00:01:51.090)

They're they're pretty large with the younger crowd of kids

Dalton (00:01:54.610)

And basically their marketing scheme is to

Dalton (00:01:59.920)

market

Dalton (00:02:01.390)

via YouTube or Instagram influencers, so

Dalton (00:02:05.710)

if you have more than a thousand followers on Instagram or more than a thousand subs on

Dalton (00:02:12.180)

YouTube you're kind of eligible and I'm pretty sure unless they change the requirements that you need to have both

Dalton (00:02:18.740)

So you can you do so the problem is with that is

Dalton (00:02:22.260)

Jim shark

Dalton (00:02:24.620)

uses

Dalton (00:02:26.340)

athletes that are

Dalton (00:02:29.060)

using performing enhancing drugs and that kind of

Dalton (00:02:32.740)

influences people's perspectives on on themselves

Dalton (00:02:36.540)

so, you know, I kind of didn't like that and

Dalton (00:02:40.940)

I think that it could have been done better, right like

Dalton (00:02:45.260)

You shouldn't be if it's not achievable

Dalton (00:02:48.100)

Like it's never you're never gonna be able to look like that unless you take drugs yourself

Dalton (00:02:52.660)

Which is kind of harmful. So

Dalton (00:02:55.900)

that was kind of like my idea and

Dalton (00:02:58.660)

I

Dalton (00:02:59.780)

got the idea actually from I was I had a trip with my mom and we were flying to

Dalton (00:03:09.080)

Austin to kind of explore the area because at one point in college

Dalton (00:03:13.320)

I really wanted to live in Austin and and work as an analyst or like a data analyst in Austin at

Dalton (00:03:19.080)

At a tech company or something like that on the flight there from Florida where I lived currently and grew up

Dalton (00:03:26.160)

I fell asleep and I had some vivid dream where I was speaking you like to a lot of people like thousands of people and

Dalton (00:03:37.300)

Then I got off the stage and I went into this office building and the office building when I came off the elevator

Dalton (00:03:45.540)

It had this logo when it was like an absolute value sign and a carrot sign and I didn't know what it meant

Dalton (00:03:52.380)

Until later on in the dream. I explained the logo and the logo basically meant no matter what

Dalton (00:03:59.620)

Positive or negative influence in your life. It's always positive depending on your applied mindset

Dalton (00:04:05.940)

So that sounds pretty interesting to have all in a dream. So I woke up and I wrote it down and

Dalton (00:04:12.730)

I you know started a company because I always wanted a company. I always wanted to

Dalton (00:04:19.350)

Try, but I think that starting young is definitely the best time for

Dalton (00:04:25.990)

Someone to really give it a go to give it a proper go because you don't have family. I mean

Dalton (00:04:33.030)

Guarantee that I don't know everyone situation

Dalton (00:04:35.190)

But for the most part people that are under say 23

Dalton (00:04:40.130)

They don't have like a wife and kids. So like three kids and like some job a mortgage like they're not really tied down. So

Dalton (00:04:48.170)

They could easily, you know make a mistake and lose money and it not be detrimental or

Dalton (00:04:55.170)

affect other people like when you're older and you have kids like it's not just you like you can't just do whatever you want and

Dalton (00:05:03.490)

You know take out a second mortgage on your house and throw it all in the business and

Dalton (00:05:10.050)

It fails and you lose everything that that is that is not a good idea. So

Dalton (00:05:16.160)

Try early and if you didn't try early then, you know, try when you feel safe. It's safe

Dalton (00:05:23.440)

Cuz it's a big risk. So the original idea was to solve the problem and

Dalton (00:05:29.400)

the way that I was gonna go about solving the problem was to give back to the community would like see like a

Dalton (00:05:35.560)

Sip a siphon of the revenue go to a charity one charity

Dalton (00:05:41.360)

I really liked that was local that was going to call it while I was going to college at FAU

Dalton (00:05:45.760)

Was a charity called for ocean for ocean is a charity that takes plastic out of the water and they

Dalton (00:05:53.440)

Take the plastic and they make these really nice

Dalton (00:05:56.840)

Looking plastic clear plastic bracelets that were pretty cool and then a hundred percent

Dalton (00:06:02.200)

I'm pretty sure or at least majority of the proceeds go to

Dalton (00:06:07.600)

Funding the organization. I I'm pretty sure that for ocean is a hundred percent

Dalton (00:06:11.560)

But I guess I'll come back to you on that and I'll double check because this is being recorded live

Dalton (00:06:17.720)

So I don't want to say it's hundred percent and be wrong. And then the second part of the issue was

Dalton (00:06:23.920)

The athletes using drugs, so I was going to like I didn't get to this point, right?

Dalton (00:06:30.260)

Like I I'm so naive like I thought how all these things and I didn't even

Dalton (00:06:35.740)

never mind, but so the second part was I

Dalton (00:06:39.620)

Needed to figure out a way to kind of make sure that the athletes

Dalton (00:06:44.700)

Aren't taking drugs. So easy enough you just drug test the athlete

Dalton (00:06:49.860)

But you know, there's there's ways around it

Dalton (00:06:52.140)

like if you know when your drug test is gonna be like you could you know, you could drink a whole bunch of different drinks and

Dalton (00:06:58.300)

like flusher system and

Dalton (00:07:00.380)

All these different things ten athletes just pull a random one out of the hat and just like, okay

Dalton (00:07:06.460)

Jimmy, it's your time

Dalton (00:07:09.050)

Jessica

Dalton (00:07:10.210)

Not this quarter, but maybe next quarter, you know, it's kind of gives that little little edge of uncertainty to

Dalton (00:07:16.800)

am I getting a drug tested or not and

Dalton (00:07:20.320)

Obviously if there's that uncertainty that they would lose their their respect from their their fans if they

Dalton (00:07:28.400)

Were saying that they weren't doing drugs and they were and that's an issue. I don't think it's an issue that

Dalton (00:07:36.340)

athletes

Dalton (00:07:38.490)

use drugs and they tell their fans like hey, I

Dalton (00:07:44.840)

Went as far as I could go naturally and I honestly just want to see how far I can take the body, right?

Dalton (00:07:51.520)

I don't think that's an issue, but I do think it's a big issue when

Dalton (00:07:56.430)

The person is on steroids and they don't say anything like they're like, oh no, no, no, no, no. No, I'm just naturally gifted

Dalton (00:08:03.390)

I'm just naturally one of those people that have 50 inch arms or something like that. So if you can kind of

Dalton (00:08:12.150)

Realize the end of the story is I failed I definitely failed

Dalton (00:08:16.230)

So what I did was I started a store on Shopify and I started this thing called drop shipping

Dalton (00:08:24.350)

which is basically like you order like a product gets ordered on your website say

Dalton (00:08:30.790)

You ordered a hat and a hat's a pretty easy example

Dalton (00:08:33.870)

You ordered a hat for $20

Dalton (00:08:36.510)

But the other person purchased the hat for $3 gives us $17

Dalton (00:08:42.030)

But the only caveat is that the store owner doesn't actually own the product

Dalton (00:08:48.310)

The product is stored at a warehouse and most likely the warehouse is not in America

Dalton (00:08:53.550)

it's somewhere where you can't really verify and the

Dalton (00:08:58.710)

quality of the products you just kind of have to trust people's reviews on said websites and

Dalton (00:09:04.790)

then you know, it's kind of like this uncertainty and

Dalton (00:09:09.390)

also the order to

Dalton (00:09:12.030)

Shipping time is

Dalton (00:09:14.270)

It's not a while, but it's definitely not Amazon Prime. I'll tell you that so it's about a week normally

Dalton (00:09:20.750)

so I did that for a bit wrote some blogs and

Dalton (00:09:26.240)

you know, I made some money but there was an occurrence where a

Dalton (00:09:30.960)

Lady ordered some leggings and it stained her toilet seat

Dalton (00:09:35.160)

Like I guess the ink or something stained it from the leggings

Dalton (00:09:39.040)

So what I did was I refunded her money and then I also I went out of the way

Dalton (00:09:45.880)

And just trying to have good customer service and I purchased her a new toilet seat

Dalton (00:09:51.400)

Which which is kind of absurd and then I had some thoughts like well

Dalton (00:09:57.050)

Maybe I should try to ensure the quality of the product right? This is on my website. I need to know what's going on. So I

Dalton (00:10:05.450)

Context of manufacturers designed a product that I thought that would be cool. I kind of tried to merge streetwear and

Dalton (00:10:14.210)

Athletic wear try to have a different aesthetic because a lot of companies kind of look the same

Dalton (00:10:19.330)

So that was my idea and the application of it on my end was you know

Dalton (00:10:25.250)

It was pretty good for my first go. Like I looked at manufacturers in the US

Dalton (00:10:30.130)

China and just various countries and it seemed like the American

Dalton (00:10:35.810)

Manufacturers for the most part were trying to rip me off like they were giving me absurd prices. So I

Dalton (00:10:42.700)

Wanted up just finding a manufacturer that I liked

Dalton (00:10:46.130)

Cherry is it was his name the the lead guy I was dealing with and

Dalton (00:10:51.810)

Jerry and I we hit it off. We agreed on price

Dalton (00:10:56.410)

manufacturing he didn't did the packaging for me and

Dalton (00:10:59.210)

when we get to the point where I pay I pay the money and there's this thing called like it's like trade insurance kind of like

Dalton (00:11:06.610)

where

Dalton (00:11:07.530)

It's offered by Alibaba for certain

Dalton (00:11:11.280)

Manufacturers, so say that when you get the order

Dalton (00:11:15.490)

The order comes to you and it's like hey, this isn't what I ordered

Dalton (00:11:20.010)

Like I order t-shirts and you gave me hats man, and then you could be like, oh well

Dalton (00:11:24.670)

I have trade insurance. I get my money back, but you know, they're there's some tight restrictions the

Dalton (00:11:31.850)

time you get the order you only have I think like 20 days 30 days or something like that and

Dalton (00:11:39.460)

When I think it's less I think it's 15

Dalton (00:11:42.400)

I would have to double-check that I'll say what it is at the end of the show. So I

Dalton (00:11:52.810)

Was on vacation when

Dalton (00:11:54.970)

The product got shipped to my house like I wasn't there

Dalton (00:11:58.210)

I wasn't like actually on vacation like I wasn't in the Bahamas sippin sippin on some umbrella drinks or something like that

Dalton (00:12:05.530)

I was at my Nana's and that during college. I didn't really see my Nana very much

Dalton (00:12:11.090)

Because when I moved well, I guess I didn't really move

Dalton (00:12:14.450)

but they moved and

Dalton (00:12:16.730)

Anna moved from a local location where I was going to school at FAU to somewhere else that was hours away and

Dalton (00:12:26.620)

It didn't really matter at the time because I had a car

Dalton (00:12:29.540)

but at one point I

Dalton (00:12:32.060)

Was on the highway and I got into a car accident

Dalton (00:12:35.940)

And my car was totaled so I can't just drop in drop out whenever I wanted

Dalton (00:12:44.560)

So I didn't really get to see her that much and I had a lot of responsibilities

Dalton (00:12:48.920)

at my university

Dalton (00:12:50.720)

And other things going on. So I couldn't really visit her. So I was on vacation and

Dalton (00:12:55.860)

I didn't think about it at the time and I had my roommate just say I just told him like I'm gonna

Dalton (00:13:00.700)

I'm gonna be I didn't realize it because my roommate didn't tell me because I told him not to tell me and

Dalton (00:13:08.340)

When I got there was already past the deadline for the clothing

Dalton (00:13:13.760)

So there was no

Dalton (00:13:16.660)

Ability for me to enact the trade insurance

Dalton (00:13:19.340)

To file a claim. I'm not saying Jerry like gave me hats or anything

Dalton (00:13:26.640)

Jerry gave me what I asked for and what I designed but wasn't the quality that I was expecting

Dalton (00:13:33.320)

the quality that was agreed on so that kind of

Dalton (00:13:37.300)

You know made me feel a bit different right? Like I didn't really believe in the product as much because I didn't get

Dalton (00:13:45.440)

Exactly what I wanted. I ordered some

Dalton (00:13:49.000)

sporty

Dalton (00:13:50.360)

tank tops that were kind of streetwear slash athletic wear and then I also ordered a

Dalton (00:13:58.440)

training set for women so I had a

Dalton (00:14:01.720)

Sports bra and leggings they actually turned out phenomenal. Like they were really nice

Dalton (00:14:07.760)

they were kind of like this pink in a light blue color and

Dalton (00:14:11.480)

They were just very nice. They're very very very nice, but they were a little thin so they weren't squat proof

Dalton (00:14:19.400)

meaning like if you were squatting and

Dalton (00:14:23.040)

You're wearing underwear like you could see through the leggings, which is an issue

Dalton (00:14:26.920)

But I think that's a that's an issue like ongoing. There are quite a few

Dalton (00:14:33.160)

nuances with leggings and

Dalton (00:14:35.360)

That's one of them

Dalton (00:14:36.960)

so there's like special leggings like

Dalton (00:14:39.720)

Squat proof leggings that you that are made to do squats with but women's clothing is I'm just gonna say it

Dalton (00:14:46.950)

It's complicated. It's complicated. I did not realize it. I did not realize how complicated women's clothing was I

Dalton (00:14:55.950)

can't just offer

Dalton (00:14:58.640)

leggings and a second bind I I have to kind of sell them differently because

Dalton (00:15:04.920)

You know, you could be a large in

Dalton (00:15:07.740)

Leggings, but you're a small on your sports bra or you could be a large in your sports bra

Dalton (00:15:14.590)

But a small in your leggings and I didn't really think about that at the time for some reason

Dalton (00:15:20.460)

It sounds dumb, but I didn't realize it like I was like, okay

Dalton (00:15:25.480)

like if they're a medium their medium and I could kind of them all together make sure I don't have any mismatched pieces and

Dalton (00:15:33.920)

then also

Dalton (00:15:36.080)

No one else sells them that way. So I can kind of have an advantage like I can offer more for a better price

Dalton (00:15:45.290)

but now I know that there was a reason why that they were mostly sold separately because

Dalton (00:15:51.210)

People have different sizes in those parts of their body, which isn't the same for a male like if you're a large shirt

Dalton (00:15:58.450)

You you could be a large or a medium shorts or vice versa

Dalton (00:16:03.390)

It's not like such a large discrepancy like I could wear a large all-round and be no issue

Dalton (00:16:09.630)

But I digress. So when I ordered both male and female clothing, I I initially thought like I could

Dalton (00:16:18.310)

Grow both markets like I could grow

Dalton (00:16:21.350)

Have one or two sponsored athletes grow both market segments so I could be diversified

Dalton (00:16:27.990)

But what I didn't think about is to do that

Dalton (00:16:30.830)

I need to have sales and to get sales. I need to have

Dalton (00:16:34.990)

advertising and content creation for ranking a 3% conversion rate on a random social media ad

Dalton (00:16:42.230)

It's pretty good. So that that was an issue that I didn't kind of think out was I

Dalton (00:16:48.340)

wanted this to

Dalton (00:16:50.540)

Accommodate both sexes because it's a problem for both sexes and I wanted to

Dalton (00:16:57.140)

grow both segments

Dalton (00:16:59.140)

But I didn't think about that to do that. I needed to advertise for both and it was super expensive and

Dalton (00:17:09.660)

I kind of had to make a choice like

Dalton (00:17:13.130)

What am I gonna do?

Dalton (00:17:14.890)

And my original idea was to have some sponsored males and some sponsor females right off the bat

Dalton (00:17:21.510)

Where I would give them free clothes and then they would just post

Dalton (00:17:26.140)

That was all they needed to do. So I gave out I think three sets of female

Dalton (00:17:32.740)

And two sets of male. They're not set. Sorry just two shirts and the agreement was I give you these clothes

Dalton (00:17:40.020)

then you post like once or twice post twice and then I

Dalton (00:17:46.730)

Give you these clothes and you post twice on the same day on various dates

Dalton (00:17:52.290)

So everyone posts same day on various dates at the same time. So it sounded like an amazing idea

Dalton (00:17:58.490)

Everyone was on board. They thought it was really cool idea

Dalton (00:18:01.290)

But the follow-through was not there. I think that one out of the two girls

Dalton (00:18:07.730)

Yes, one out of the two girls

Dalton (00:18:10.250)

posted and then

Dalton (00:18:12.320)

Both the males posted but I counted as one of the males. So it was really only in one person and

Dalton (00:18:17.980)

then I did a different shoot with another male, but the females they didn't post they

Dalton (00:18:25.380)

kind of just took my clothes and didn't post anything and

Dalton (00:18:30.060)

When I asked them like why did you do that they were like, oh well the clothing didn't really fit that well or

Dalton (00:18:38.620)

This and that and then I see them wearing it like on their story or on the internet

Dalton (00:18:45.260)

On somebody else's story. So it's just like wow, like you really just took my clothes didn't post are wearing them and

Dalton (00:18:52.780)

You're not gonna give me any credit. So I learned my lesson there if I ever do that again

Dalton (00:18:58.180)

It's gonna be a signed contract before it was it was more casual

Dalton (00:19:03.340)

And I kind of just asked the person approached them. Hey, this is what I'm trying to do. Would you mind?

Dalton (00:19:08.540)

How do you feel about this? What are your thoughts?

Dalton (00:19:11.620)

Do you think this has been official for both parties when I did that?

Dalton (00:19:14.740)

I got taken advantage of because they basically just stole my clothes. So

Dalton (00:19:21.090)

I'm gonna have to have a contract next time but I wanted to be I wanted it to be like friendly and fun

Dalton (00:19:27.650)

And not something so serious and uptight. That was the idea

Dalton (00:19:32.130)

So I have to figure that out. But that's that's such a way. I was really

Dalton (00:19:37.330)

Hyping up the product. I was I was telling everyone about it that would listen

Dalton (00:19:41.370)

I was like, hey, I had this thing going like what would you would you be interested?

Dalton (00:19:45.770)

Would you be interested I put your name down for a pre-order and I'll contact you

Dalton (00:19:49.930)

When everything's ready, this is what the products gonna look like and a lot of people were actually

Dalton (00:19:58.890)

pretty open to it and

Dalton (00:20:01.770)

Not only did they

Dalton (00:20:03.850)

Allow me to put them on the list. They also they followed up with me and for a couple months

Dalton (00:20:09.490)

They were like, hey, I'm still waiting for this product. I

Dalton (00:20:14.210)

Really want to support you and I really think you have a good idea. What?

Dalton (00:20:18.600)

What's the timeline here?

Dalton (00:20:20.520)

When when can I get my tank or when can I get my legging set?

Dalton (00:20:24.040)

I think these the design is really cool. And and I just want to purchase the clothes

Dalton (00:20:30.360)

Oh, oh, it will be soon. It will be soon

Dalton (00:20:33.160)

So I overhyped and I under delivered it took too long for the clothes

Dalton (00:20:37.840)

It took six months something like that five months from the design to the contract to delivery

Dalton (00:20:45.360)

People lost interest. So that was something that I learned where if you're hyping something up

Dalton (00:20:51.680)

People don't want to wait forever

Dalton (00:20:53.160)

I mean that seems obvious right but you have a lot of things going on and you kind of just get carried away like

Dalton (00:20:59.880)

with your idea and

Dalton (00:21:02.380)

trying to make it work and

Dalton (00:21:06.150)

I

Dalton (00:21:07.880)

Lost sales because of that. I lost probably 30 people that when it came around to the product

Dalton (00:21:14.680)

that maybe before they would have been open to it, but now they're they were closed-minded because I

Dalton (00:21:21.060)

Overhyped and I under delivered their expectations

Dalton (00:21:24.300)

I took too long if I didn't take too long then I probably would have sold all my product

Dalton (00:21:29.020)

Which is okay because those are those are all learning experiences and take a quick advertisement break and we'll be right back

Dalton (00:21:35.980)

Thank you

Dalton (00:21:37.820)

Welcome back from the break. The last thing I want to talk about is venture step podcast

Dalton (00:21:42.860)

The reason why I started in my plans

Dalton (00:21:45.420)

I want to really share the journey of entrepreneurship because a lot of times for various reasons

Dalton (00:21:52.140)

The way that stories are explained via media or from said entrepreneur

Dalton (00:21:58.700)

There is a gap. There's a gap of will listen and you're the last five

Dalton (00:22:04.620)

They don't hear the first 15. So what my idea is to

Dalton (00:22:09.980)

share the journey ongoing of me learning on

Dalton (00:22:14.620)

How to be a good entrepreneur and hopefully doesn't take 20 years

Dalton (00:22:19.620)

Hopefully that but if it does then so be it

Dalton (00:22:24.310)

but

Dalton (00:22:25.430)

The idea is to share the full journey. Right? There's a lot of people

Dalton (00:22:31.530)

that

Dalton (00:22:32.730)

rightfully, so don't

Dalton (00:22:34.650)

Put themselves out there until they're a domain expert like you don't see people on

Dalton (00:22:40.610)

YouTube hopefully not in the recommendation algorithm that are a coding expert in some language or a

Dalton (00:22:53.510)

Copyright expert or a doctor when they're not doctors

Dalton (00:22:57.870)

Like that makes sense

Dalton (00:23:00.040)

But the doctor doesn't show you how we got there or she got there

Dalton (00:23:05.640)

But they them a lot of times it's whoop. I'm a doctor

Dalton (00:23:09.680)

So I think entrepreneurship is something that is kind of interesting at least to mean hopefully to other entrepreneurs

Dalton (00:23:16.630)

where they could kind of all have an aha moment where they're like, oh wow, he did that and

Dalton (00:23:22.990)

That didn't work. So I was thinking about doing the same thing

Dalton (00:23:26.430)

So, how about I don't do that and I do something else and then I think that it's good to share

Dalton (00:23:34.700)

failures to kind of show that

Dalton (00:23:37.420)

Entrepreneurship is an iterative process where you fail and then you just kind of learn another way

Dalton (00:23:44.060)

How not to do something?

Dalton (00:23:46.000)

It's not a one-shot gig most of the time like you're you're not gonna just gonna write some code on the computer and

Dalton (00:23:54.060)

you have

Dalton (00:23:55.220)

You fall into Facebook

Dalton (00:23:57.420)

Like that's just that is doesn't happen and also I wanted to

Dalton (00:24:04.610)

Kind of give myself a better opportunity

Dalton (00:24:07.650)

to connect with

Dalton (00:24:10.050)

other entrepreneurs

Dalton (00:24:12.890)

because I wanted to give myself an

Dalton (00:24:15.490)

opportunity to connect with other entrepreneurs and learn from them and share ideas and learn about their business and and

Dalton (00:24:23.010)

See how they started and what kind of books they like to read and shows and movies just to get a better idea

Dalton (00:24:30.290)

I want to get a better idea of

Dalton (00:24:32.690)

Entrepreneurs by having them on the show and learning from them and and their business ideas and how they implemented them

Dalton (00:24:39.760)

Oh went what kind of mistakes did they make and how did they?

Dalton (00:24:43.760)

move past it or

Dalton (00:24:45.840)

succumb obstacles that

Dalton (00:24:48.120)

were challenging and

Dalton (00:24:51.050)

kind of demoralizing at the moment and

Dalton (00:24:56.140)

It kind of straight in the company or broke the company and and if it broke the company how how come?

Dalton (00:25:03.180)

why and if it made the company better than

Dalton (00:25:07.420)

Why the key reason for asking questions is to try to get a

Dalton (00:25:13.900)

reasonable answer

Dalton (00:25:15.220)

So I'm asking questions to other entrepreneurs. Why did this happen? Like why did you do so well?

Dalton (00:25:22.940)

Why did you think this was a good idea?

Dalton (00:25:24.700)

And so what I originally thought was to ask these like standardized questions

Dalton (00:25:29.900)

Where I would get a question one of them for example

Dalton (00:25:35.110)

would be your favorite book and

Dalton (00:25:38.220)

then I would get an answer and then I would kind of make a data set of

Dalton (00:25:45.550)

All the questions and answers and then compile them and and kind of find similarities

Dalton (00:25:51.990)

That was my idea to be kind of more scientific about it

Dalton (00:25:55.410)

But I don't think that it's beneficial for the average listener like why would that

Dalton (00:26:02.330)

I want it to be

Dalton (00:26:04.880)

more open instead of bald and I want to be able to explore different avenues of

Dalton (00:26:12.440)

their business

Dalton (00:26:14.680)

through conversation because I want venture step to be a

Dalton (00:26:19.520)

learning place for

Dalton (00:26:21.440)

Entrepreneurs or entrepreneurs where everyone could potentially share add

Dalton (00:26:28.040)

Indoor subtract information where if there's a good idea, maybe there's a better idea

Dalton (00:26:33.320)

And if that idea doesn't work out and it's fatal for the business then subtract it so that that's my idea

Dalton (00:26:41.840)

currently the pandemic really obviously there there are bigger matters

Dalton (00:26:48.710)

At hand there are lives at stake and there are many lives lost

Dalton (00:26:54.950)

millions of people so to me it's not a big deal to

Dalton (00:27:00.760)

Not really have the opportunity to

Dalton (00:27:03.600)

Record with entrepreneurs. I just want everyone to be safe and

Dalton (00:27:10.010)

Hopefully we can get back to a normal or a new normal

Dalton (00:27:14.590)

But I don't think that it is a good idea to

Dalton (00:27:19.590)

Ask an entrepreneur

Dalton (00:27:21.510)

To get on a podcast when there's a pandemic

Dalton (00:27:25.950)

even if it's virtual

Dalton (00:27:27.870)

because they have

Dalton (00:27:30.000)

serious

Dalton (00:27:31.640)

Changes in their business structure. I had a couple of entrepreneurs lined up

Dalton (00:27:39.000)

That were in the service industry and their whole business was shut down all their revenue

Dalton (00:27:45.280)

everything

Dalton (00:27:46.320)

For months and months. So I would seem pretty foolish

Dalton (00:27:51.040)

If I asked hey

Dalton (00:27:53.440)

You want to get on a call and do a podcast? I would get my head shoot off

Dalton (00:28:03.150)

so I think moving forward currently until things kind of settle down and

Dalton (00:28:11.300)

Things open back up permanently not not like oh we're open for two months

Dalton (00:28:16.820)

There's a spike and now we're closed. I'm talking about when things are

Dalton (00:28:22.940)

Kind of back to normal and you don't have to worry though

Dalton (00:28:27.960)

Moving forward before we get to the the new normal. I think it would be pretty cool to talk about

Dalton (00:28:35.040)

Kind of some case studies and various topics surrounding business, but not necessarily having an entrepreneur on the show

Dalton (00:28:42.760)

Unless somebody comes out comes forward and reaches out to me and says, hey

Dalton (00:28:47.640)

I I have something to share

Dalton (00:28:50.520)

I'd be more than open to it and it's not like a one-sided street. The the podcast is gonna be

Dalton (00:28:57.610)

Transcribed and posted on the internet with company links from the company

Dalton (00:29:02.930)

So that they'll get an increase in ranking on the search algorithms because it uses

Dalton (00:29:09.530)

backlinks and

Dalton (00:29:11.610)

links on a website

Dalton (00:29:13.970)

So say that you have a website and I post a link from my website to your website

Dalton (00:29:22.970)

Google will say hey this person is trustworthy

Dalton (00:29:26.930)

because

Dalton (00:29:28.090)

Not only do they have a website, but they also have people on different websites posting

Dalton (00:29:35.450)

their

Dalton (00:29:36.490)

Contents on their website, so they must be trustworthy, right?

Dalton (00:29:40.570)

insurance scribe

Dalton (00:29:43.160)

study on

Dalton (00:29:44.960)

Pricing regardless. The next podcast is definitely going to

Dalton (00:29:49.760)

Be on a case study and the case study is gonna be on price sensitivity

Dalton (00:29:55.520)

I thought it was very interesting when I read about it and listened to the audio of the case study

Dalton (00:30:02.520)

And I think it's something that is worthy of sharing flee. I can

Dalton (00:30:07.800)

Get to seeing that podcast and recording it in a couple of weeks

Dalton (00:30:12.440)

Hey, I'm glad you made it this far

Dalton (00:30:14.310)

I'm gonna make some clarifications and corrections that I said throughout the show one thing that I would like to correct is

Dalton (00:30:20.510)

for ocean is not a

Dalton (00:30:23.640)

Non-for-profit charity. It is a for-profit business and cannot accept donations but

Dalton (00:30:30.440)

98% of their revenue goes to cleaning up oceans and

Dalton (00:30:35.560)

Ali Baba trade insurance is 30 days. So within 30 days of delivery you would have to file a claim and

Dalton (00:30:43.160)

I also need to correct something. I said I said one out of the two girls

Dalton (00:30:49.000)

That I gave close to took the clothes and basically stole them

Dalton (00:30:53.280)

That is incorrect

Dalton (00:30:55.040)

Actually, I gave clothes out to three girls and two out of the three took the clothes and then didn't give me credit

Dalton (00:31:01.800)

But kept wearing the clothes also if some of the audio sounds a little off or weird

Dalton (00:31:07.000)

it's because some of the audio was corrupted during production and

Dalton (00:31:11.160)

I had to make do with what I had because currently I am remote and I'm not at my house

Dalton (00:31:17.320)

and I won't be at my house for a month, but thank you for getting this far and

Dalton (00:31:23.450)

hopefully hear from you soon