Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses

The Permanent Podcast is moving to an every-other-week publishing schedule for the summer so check back next week for our conversation with Claire Hughes Johnson. We are excited to announce a new event called Main Street Summit: a festival for owners, operators, and investors to expand their tools and relationships.

Head to https://www.mainstreetsummit.com/ to join the list.

Morgan Housel (The Psychology of Money) joins Brent Beshore & David Cover to discuss how to build wealth, why people are mad at Morgan, and why most investors are asking the wrong questions – plus, they clear the air on Brent's online feud with Morgan.

LINKS & MENTIONS FROM THIS EPISODE

Preorder Morgan's new book, Same As Ever https://www.penguinrandomhouse.com/books/672339/same-as-ever-by-morgan-housel/

Read The Psychology of Money https://www.amazon.com/Psychology-Money-Timeless-Lessons-Happiness/dp/B08D9WJ9G8/ref=sr_1_3?crid=1ZWO7MWLGMIF4&keywords=morgan+housel&qid=1681911241&sprefix=morgan+hous%2Caps%2C302&sr=8-3

Listen to Morgan's podcast https://podcasts.apple.com/us/podcast/the-morgan-housel-podcast/id1675310669

Listen to Brent & David's interview with Shane Parrish https://www.permanentequity.com/content/why-discipline-doesnt-matter-with-shane-parrish

Morgan mentions the book, April 1865 by Jay Winik https://www.amazon.com/April-1865-Professor-Jay-Winik-audiobook/dp/B00VQPDKWS/ref=sr_1_1?crid=2T648CGQZ69TS&keywords=jay+winnick&qid=1681928090&sprefix=jay+winick%2Caps%2C104&sr=8-1

CONNECT

Morgan on twitter https://twitter.com/morganhousel

Morgan on LinkedIn https://www.linkedin.com/in/morgan-housel-5b473821/

Brent on twitter https:/https://twitter.com/BrentBeshore

Brent on LinkedIn https://www.linkedin.com/in/brentbeshore

David on twitter https://twitter.com/DavidACover

David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/

Visit https://www.permanentequity.com/ for more

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter

Sign up for a new daily newsletter from Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions

TIMESTAMPS

0:00 Intro & Why Brent Hates Morgan

2:08 David Apologizes to Morgan

4:27 Did Morgan Know He Was Going to be a Best Selling Author?

10:17 Why People Are Mad at Morgan & Why Investors Are Asking the Wrong Questions

15:09 Why Brent Doesn't Consider Himself an Investor

17:35 How Almost Dying Shaped Morgan's View of Risk & Luck

26:31 How to Not Make Bad Decisions

29:22 How to Have Enough

36:06 How to Create Something That Will Have Impact

38:36 Is it Possible to Save Too Much Money?

41:26 What Should Owners & Operators Do With Their Money?

47:37 Getting Rich vs Staying Rich

53:47 How to Learn from the Past and What Never Changes

56:75 How to Be Less Cynical

59:08 Housel Hot-Takes: What Are You Reading?

1:00:52 Housel Hot-Takes: Bitcoin & AI

1:03:39 Housel Hot-Takes: The Fed

1:05:03 Housel Hot-Takes: Expensive Wine Is Overrated

1:06:08 Housel Hot-Takes: Twitter & Elon Musk

1:08:02 What Would You Go Back & Tell Your 30 Year Old Self?

1:09: Frenemies Are Frenemies Forever

1:10:46 Let's Send This Podcast to Someone Together

1:11:40 What Happens Next

1:12:35 Moment of Compliance Zen

EPISODE CREDITS

Produced by David Cover

Intro music by David Cover, Andy Freeman, Rhett Johnson, & Andrew Luley

Outro music by Jees Guy

Moment of Compliance Zen music by Shimmer

WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT

Visit https://www.permanentequity.com/ for more

Sign up for Permanent Playbook, our newsletter for operators in the field: https://www.permanentequity.com/newsletter

Sign up for Unqualified Opinions, a new daily newsletter from our very own Tim Hanson: https://www.permanentequity.com/unqualified-opinions

Check out our other podcast episodes here: https://www.permanentequity.com/audio

LEGAL DISCLAIMER

This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.

Permanent Equity is hiring for a new 2-year Analyst Program. Emily Holdman (MD) & Tim Hanson (Co-President & CIO) sit down with David Cover & Sarah George-Waterfield to talk about what makes Permanent Equity's approach to investing different from traditional private equity, what the new analyst role will look like, and why we think working on the Permanent Equity team is engaging, fun, and fulfilling work, despite Tim's repeat dad-jokes.

LINKS & MENTIONS FROM THIS EPISODE

Read about the program and apply here https://www.permanentequity.com/content/the-investment-team-is-hiring

Connect with Permanent Equity on LinkedIn https://www.linkedin.com/company/permanentequity/

Connect with Permanent Equity on twitter https://twitter.com/PermanentEquity

Connect with Emily on LinkedIn https://www.linkedin.com/in/emilyholdman/

Connect with Emily on twitter https://twitter.com/emilyleldridge

Connect with Tim on LinkedIn https://www.linkedin.com/in/timothybhanson/

Connect with Tim on twitter https://twitter.com/timhanso

Connect with David on twitter https://twitter.com/DavidACover

Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/

Connect with Sarah on twitter https://twitter.com/SarahBethGDub

Connect with Sarah on LinkedIn https://www.linkedin.com/in/sarahbethgdub/

TIMESTAMPS

0:00 We're Breaking Rule #1 of Podcasting

2:26 Permanent Equity's New Analyst Program

6:54 Help Permanent Equity Buy More Companies

10:53 What Makes Permanent Equity Different from Private Equity

12:44 Who Is Right for This Role?

14:27 The Hardest Part of Working at Permanent Equity

15:45 Visit permeq.com to Apply

16:26 Legal Disclaimer

EPISODE CREDITS

Produced by David Cover

Intro music by Andrew Camp, David Cover, Scott Johnson, Andrew Luley, & Dave Wilton

Outro music by Ghost Beatz

WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT

Visit https://www.permanentequity.com/ for more

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter

Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions

Check out our other podcast episodes here: https://www.permanentequity.com/audio

LEGAL DISCLAIMER

This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.

You have a unique set of strengths but you might not know what they are. Because we don't recognize these "subconscious gifts" we don't know how to flex them effectively. Mark Brooks and David Cover talk about how you can see your strengths and unlock them in yourself and in others.

LINKS & MENTIONS FROM THIS EPISODE

Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletters

Connect with Mark on twitter https://twitter.com/markbrooks

Connect with Mark on LinkedIn https://www.linkedin.com/in/markbrooks1/

Connect with David on twitter https://twitter.com/DavidACover

Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/

Visit https://www.permanentequity.com/ for more

TIMESTAMPS

0:00 Intro

1:20 David Confronts a Coworker Again

2:59 Subconscious Gifts: What Are We Even Talking About?

8:12 Why You Have Success: Seeing The Matrix

12:41 You Might Not Know Your Greatest Strength

17:15 How to See Your Hidden Strengths

19:42 David's Never Seen Good Will Hunting & Thinks Paul Simon is Just Ok

20:36 David Tries to Identify Mark's Subconscious Gifting

26:25 Why We Have Conflict and Disconnects at Work

31:54 Your Gifts Are Rare, Your Weaknesses Aren't

38:34 Questions for Reflection: How to Identify Subconscious Gifts

42:56 Send This Podcast to Someone

43:46 Moment of Compliance Zen

EPISODE CREDITS

Produced by David Cover

Additional editing & mixing by Ryan Lipman

Intro music by David Cover, Andy Freeman, & Wes White

Outro music by Daniele Musto

Moment of Compliance Zen music by Shimmer

WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT

Visit https://www.permanentequity.com/ for more

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter

Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions

Check out our other podcast episodes here: https://www.permanentequity.com/audio

LEGAL DISCLAIMER

This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.

Brent Beshore talks about the importance of how people experience your brand, your service, and your product in the final installment of 5 Minute Management.

LINKS & MENTIONS FROM THIS EPISODE

Brent on twitter https:/https://twitter.com/BrentBeshore

Brent on LinkedIn https://www.linkedin.com/in/brentbeshore

Connect with David on twitter https://twitter.com/DavidACover

Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/

Visit https://www.permanentequity.com/ for more

Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletters

TIMESTAMPS

0:00 Intro

0:22 We Tried Something That Didn't Work

1:41 Thinking About Your Brand

7:47 Legal Disclaimer

EPISODE CREDITS

Produced by David Cover

Intro music by David Cover, Andy Freeman, & Wes White

Outro music by Daniele Musto

WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT

Visit https://www.permanentequity.com/ for more

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter

Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions

Check out our other podcast episodes here: https://pod.link/1480383949

LEGAL DISCLAIMER

This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.

John Fio (Gravity Blanket, Moon Pals) joins Brent Beshore & David Cover to talk about what it was like to work with Justin Bieber, the importance of finding truth in what you create, why worldbuilding is more important storytelling, and why so many products won't stand the test of time.

LINKS & MENTIONS FROM THIS EPISODE

Gravity Blanket https://gravityblankets.com/

Moon Pals https://www.moonpals.com/

Birthdate Co https://birthdate.co/

Unqualified Opinions Newsletter https://www.permanentequity.com/newsletters

CONNECT

John on twitter https://twitter.com/johnhfio

John on LinkedIn https://www.linkedin.com/in/john-fiorentino-a1b26439/

Brent on twitter https:/https://twitter.com/BrentBeshore

Brent on LinkedIn https://www.linkedin.com/in/brentbeshore

David on twitter https://twitter.com/DavidACover

David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/

Visit https://www.permanentequity.com/ for more

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter

Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions

TIMESTAMPS

0:00 Intro & Who Is John Fio?

4:38 Maybe the World DOES Need One More Podcast

5:44 John the Artist vs John the Warlord

8:22 Working for Justin Bieber & Almost Dying

10:27 Being Homeless for Over a Year

12:35 Inventing Gravity Blanket After Spending the Night on the Subway

20:00 Worldbuilding > Storytelling

24:20 Fearlessly Pursuing Your Customer

29:29 Sign Up for the Unqualified Opinions Newsletter

30:57 Red Bull Built a Real World

37:07 Is Uber a Real Company?

41:43 A Plague of Cynicism

49:02 You Are More Than Yourself

1:04:21 Finding the Truth Is Profitable

1:07:13 Is Moon Pals the Next Disney?

1:13:30 Creating From Truth

1:16:10 Building Fio Creations: Finding Artists & Warlords

1:23:09 Send This Podcast to Someone

EPISODE CREDITS

Produced by David Cover

Intro music by David Cover, Andy Freeman, Rhett Johnson, & Andrew Luley

Interlude music by Sam Barsh

Outro music by Jees Guy

WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT

Visit https://www.permanentequity.com/ for more

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter

Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions

Check out our other podcast episodes here: hhttps://pod.link/1480383949

LEGAL DISCLAIMER

This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.

When you have money in the bank, you expect it to be there for your use. But the collapse of Silicon Valley Bank and others that followed have highlighted uncertainties in the system. What happened? And what can you do to mitigate your risk? Our new CFO Nikki Galloway and CIO Tim Hanson sit down with David Cover to share three ways you can mitigate your banking risk.

LINKS & MENTIONS FROM THIS EPISODE

Read Nikki's 3 Ways to Mitigate Banking Risk at https://www.permanentequity.com/

Subscribe to Tim's daily newsletter, Unqualified Opinions https://www.permanentequity.com/unqualified-opinions

Connect with Nikki on LinkedIn https://www.linkedin.com/in/nicolergalloway/

Connect with Nikki on twitter https://twitter.com/nicolergalloway

Connect with Tim on LinkedIn https://www.linkedin.com/in/timothybhanson/

Connect with Tim on twitter https://twitter.com/timhanso

Connect with David on twitter https://twitter.com/DavidACover

Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter

TIMESTAMPS

0:00

1:12 Who's Fault Is It?

2:14 Nikki the New Girl

7:18 Explaining Tim's Jokes

8:58 What Happened with SVB?

17:29 What's Happening Now?

20:29 The Wives of Permanent Equity Love Tim's Newsletter

22:18 Nikki's 3 Ways to Mitigate Your Banking Risk

27:48 #3 Will Shock You ;)

31:01 David Gets Sidetracked by Sirens & Sports

35:12 Nikki & Tim Try to Get David Back On Topic

36:28 Visit permanentequity.com for More

37:28 Legal Disclaimer

EPISODE CREDITS

Produced by David Cover

Intro music by Andrew Camp, David Cover, Scott Johnson, Andrew Luley, & Dave Wilton

Outro music by Ghost Beatz

WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT

Visit https://www.permanentequity.com/ for more

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter

Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions

Check out our other podcast episodes here: hhttps://pod.link/1480383949

LEGAL DISCLAIMER

This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.

You're making too many business decisions based on edge cases. Mark Brooks explains why you should be wary of loud voices, your own assumptions, buddy bias, and single bad actors that could lead you to set poor policies, products, or prices.

LINKS & MENTIONS FROM THIS EPISODE

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletters

Connect with Mark on twitter https://twitter.com/markbrooks

Connect with Mark on LinkedIn https://www.linkedin.com/in/markbrooks1/

Connect with David on twitter https://twitter.com/DavidACover

Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/

Visit https://www.permanentequity.com/ for more

TIMESTAMPS

0:00 Intro

0:38 Threadboi Reads His Tweets

2:25 Making Assumptions About Pricing

4:02 Be Aware of Buddy Bias

4:47 Why We Can't Have Nice Things

6:08 (Not) Taking Criticism

8:10 Subscribe to the Permanent Playbook Newsletter

8:35 Legal Disclaimer

EPISODE CREDITS

Produced by David Cover

Intro music by David Cover, Andy Freeman, & Wes White

Outro music by Daniele Musto

WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT

Visit https://www.permanentequity.com/ for more

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter

Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions

Check out our other podcast episodes here: hhttps://pod.link/1480383949

LEGAL DISCLAIMER

This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.

Chris Powers (Fort Capital) joins Brent Beshore & David Cover to talk about almost losing everything, what changed his life and business for the better, building exceptional teams, the critical importance of real friendship and support, knowing where you're going to provide the most value and find satisfaction, and prioritizing an operator's mindset in the face of challenging conditions.

LINKS & MENTIONS FROM THIS EPISODE

Capital Camp https://www.capitalcamp.com/

Fort Podcast: https://pod.link/1410549811

Fort Capital https://fortcapitallp.com/

John Marsh https://www.linkedin.com/in/john-marsh-1576069/

Sacred Pace by Terry Looper

Purpose Driven Life by Rick Warren

Permanent Equity's 2022 Annual Letter https://www.permanentequity.com/writings/2022-annual-letter-15-years-in-the-trenches

CONNECT

Chris on twitter https://twitter.com/fortworthchris

Chris on LinkedIn https://www.linkedin.com/in/chrispowersjr/

Brent on twitter https:/https://twitter.com/BrentBeshore

Brent on LinkedIn https://www.linkedin.com/in/brentbeshore

David on twitter https://twitter.com/DavidACover

David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/

Visit https://www.permanentequity.com/ for more

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter

Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions

TIMESTAMPS

0:00 Intro

0:25 Getting Marshed at Capital Camp

2:38 What You've Learned From Doing The Fort Podcast

4:10 Who Is Chris Powers & Why Brent Didn't Like Him

6:35 What Led to Your Radical Transformation?

15:40 How Has Your Life & Business Changed?

19:00 Has the New Chris Lost His Edge?

20:07 What's Led to Fort's Success?

22:56 Why Fort Struggled from "The Me Show"

26:55 How to Raise More Capital

29:18 Market Takes & Real Estate

35:32 The Nitty Gritty of Fort's Operations

38:50 Biggest Mistakes

48:00 Lighting Round Hot Takes

54:50 The Responsibility of Being Wealthy

57:00 Building the Life You Want

1:01:26 What's Next?

1:03:26 Legal Disclaimer

EPISODE CREDITS

Produced by David Cover

Additional editing by Bill Pollock

Intro music by David Cover, Andy Freeman, Rhett Johnson, & Andrew Luley

Outro music by Jees Guy

WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT

Visit https://www.permanentequity.com/ for more

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter

Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions

Check out our other podcast episodes here: hhttps://pod.link/1480383949

LEGAL DISCLAIMER

This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.

Many business owners and operators are looking at 2023 with trepidation and it's possible some will be managing in crisis. Mark Brooks shares his insights from over 20 years of managing teams (AOL, The Motley Fool, Permanent Equity) with 16 tips for managing in crisis.

LINKS & MENTIONS FROM THIS EPISODE

Connect with Mark on twitter https://twitter.com/markbrooks

Connect with Mark on LinkedIn https://www.linkedin.com/in/markbrooks1/

Connect with David on twitter https://twitter.com/DavidACover

Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/

Visit https://www.permanentequity.com/ for more

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter

TIMESTAMPS

0:00 Intro

0:22 Two Guys Singing Songs to Each Other

2:44 Mr. Manager

3:30 1. Get upstream of your current metrics

4:35 2. Review your metrics more often

5:28 3. Create a Confidence Interval

6:37 4. Determine your action items.

7:33 5. Communicate the situation to your team.

8:15 6. Communicate with your team more often

8:57 7. Know the difference between openness and honesty.

10:01 8. It's okay to say "I don't know."

12:12 9. Brainstorm with your best.

13:40 10. Micromanage

15:51 11. Don't Make Promises You Can't Keep

17:43 12. Cut deep so you only cut once

19:19 13. Know what you're cutting

22:29 14. Ask for help

23:56 15. Talk to others

26:49 16. Don't neglect your health

28:26 Subscribe to the Permanent Playbook

29:18 Legal Disclaimer

EPISODE CREDITS

Produced by David Cover

Intro music by David Cover, Andy Freeman, & Wes White

Outro music by Daniele Musto

LEGAL DISCLAIMER

This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.