In this episode of the Hero of the Hour, Mark chats with Mac Lackey, an entrepreneur with a passion for the blockchain, sports, and scaling businesses. Mac shares his experience of starting an internet company in 1995, mirroring his belief in blockchain's potential to revolutionize various sectors. Despite the negative publicity around crypto, Mac sees blockchain as a foundational shift, with its implications already being explored by banks and nations, albeit not yet mainstream.

Mark and Mac delve into how blockchain will shape the future of business, with Mac clarifying that although customers may not notice a significant difference in their user experience, the essential financial transactions will increasingly adopt blockchain technology to enhance efficiency and transparency. He offers an example from his personal experience of cumbersome international banking, which blockchain could streamline. Additionally, Mac introduces his patented concept of Digital Seat Ownership in sports, envisioning a future where fans could have digital rights to seats, akin to being remote landlords, allowing for more transparent and profitable transactions for all parties involved.

They also explore Mac's journey as an entrepreneur, detailing his success in founding and selling six companies while balancing family life. He highlights the importance of designing businesses to operate independently of the owner, adding value for potential exits. Mac's current venture, ExitDNA, advises entrepreneurs on maximizing their company's worth and exit strategies. He offers insights into effective business scaling versus mere growth, emphasizing the significance of building a team and creating a self-sustaining enterprise that's attractive to buyers.

Join Mark and Mac for this fascinating discussion!

Enjoy!

What You Will Learn In The Show:

• Mac's early entry into the internet business world and how it parallels his current belief in blockchain's transformative potential.
• Why he remains bullish on blockchain despite cryptocurrency controversies and the technology's slow mainstream adoption.
• The subtle yet powerful ways blockchain could change everyday business transactions to increase efficiency and transparency.
• The innovative concept of Digital Seat Ownership in sports, where blockchain could empower fans to own and profit from event seats digitally.
• Mac's entrepreneurial path, including the founding and successful exits of six companies while maintaining a family-focused life.
• The ExitDNA program, designed to help entrepreneurs enhance their company's value and strategically plan for profitable exits.
• And much more...

Resources:

ExitDNA website

Mac's LinkedIn

Northeast Private Client Group

Mark B. Murphy Linkedin

Mark B. Murphy website

Northeast Private Client Group Youtube Channel

Books:

Get Mark's Book Here: The Ultimate Investment: A Roadmap To Grow Your Business and Build Multigenerational Wealth

Extraordinary Wealth: The Guide To Financial Freedom & An Amazing Life

This podcast is for informational purposes only. Guest speakers and their firms are not affiliated with or endorsed by PAS or Guardian, and opinions stated are their own. Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 200 BROADHOLLOW ROAD, SUITE 405, MELVILLE NY, 11747, 631-5895400. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. NORTHEAST PRIVATE CLIENT GROUP is not an affiliate or subsidiary of PAS or Guardian. CA Insurance License Number - 0B36048, AR Insurance License Number - 741545.2023-166091 Exp 12/25