The Startup Junkies Podcast

Summary

In this episode of Startup Junkies, we sit down with guests Don Huffner and Scott King to explore the dynamic landscape of entrepreneurial ecosystems in Northwest Arkansas. Don Huffner is an investment professional with RZC Investments, where his keen eye for sourcing, evaluating, negotiating, and monitoring investments drives success. With a rich background that includes private equity investments at 1K1V and roles in investment banking at Barclays and management consulting at Accenture, Don brings a wealth of experience and a global perspective to the table. A graduate of the University of St. Andrews in the United Kingdom, Don holds degrees in Business Management and International Relations.

Additionally, Scott King is the Chief Experience Officer at Runway Group, where he excels in creating world-class experiences through strategic design and placemaking. With over 30 years of experience, Scott's expertise spans business strategy, experience strategy, retail & brand strategy, design research, and more. His impressive portfolio includes work with top-tier organizations such as Frog Design, AT&T, General Motors, CVS, and multiple start-ups. Scott's extensive knowledge in business process development, systems integration, product development, and supply chain management makes him an invaluable asset to any entrepreneurial discussion.

Together with hosts Jeff Amerine and Caleb Talley, the conversation delves into the unique, collaborative culture of the Ozarks, comparing it to the Silicon Valley of the late '90s and early 2000s. They highlight the importance of mentorship in the startup ecosystem and explore strategic investments that continue to shape the region's growth. The discussion underscores the potential and promise of Northwest Arkansas as a fertile ground for innovation and entrepreneurship.

Show Notes

(0:00) Introduction

(1:08) Don’s Backstory

(5:39) Scott’s Origin Story

(9:47) About Runway Group

(10:40) About RZC Investments

(13:45) The Appeal of NWA and Its Quality of Life

(20:07) RZC Investments’ Fund of Funds Strategy

(24:29) The Helpful Ecosystem of NWA

(30:17) Advice to Younger Selves

(34:56) Closing Question

Links

Caleb Talley

Jeff Amerine

Daniel Koonce

Startup Junkie

Startup Junkie YouTube

Don Huffner

RZC Investments

J. Scott King

Runway Group

Summary

In this episode of Startup Junkies, hosts Victoria Dickerson, Jeff Amerine, and Daniel Koonce are joined by Anna Beth Gorman, CEO of The Women's Foundation of Arkansas (WFA). Founded in 1998, the Women’s Foundation of Arkansas has been working to understand the diverse needs and realities facing women and girls so it can respond through purposeful action and engaged philanthropy. 

The foundation's initiatives, such as the Women’s Economic Mobility Hub, support Black women entrepreneurs by providing them with unrestricted funding, mentorship, and networking opportunities. WFA also addresses barriers faced by women entrepreneurs, including language barriers, resource awareness, and access to capital.

Additionally, the foundation's internship program, funded by the Delta Regional Authority, offers housing and transportation for high-paying internships, helping first-generation college students gain essential social and financial capital. Gorman also mentions the "Girls of Promise" program, which introduces young women to STEM careers through hands-on activities and job shadowing. WFA’s extensive efforts in promoting women’s economic development in Arkansas involve publishing reports on economic indicators for women and advocating for inclusive language and easier resource accessibility. 

Throughout the episode, Anna Beth shares about her experience working to support women entrepreneurs in Arkansas, the unique barriers that exist for these women, and how running for the Arkansas Secretary of State impacted her approach to advocacy.

Show Notes

(0:00) Introduction

(0:44) Anna Beth’s Origin Story

(2:40) The Difference the WFA is Making

(4:33) Barriers to Women Entrepreneurs

(7:44) WFA Success Stories

(10:17) About the WFA’s Financing Options

(12:34) The WFA’s Impact

(14:35) The WFA’s Program for Young Entrepreneurs

(18:34) How to Get Involved in the WFA’s Programs

(20:00) About Anna Beth’s Background

(24:53) Lessons from Running for Arkansas Secretary of State

(28:33) What’s Next for the WFA

(29:02) Closing Question

Links

Victoria Dickerson

Jeff Amerine

Daniel Koonce

Startup Junkie

Startup Junkie YouTube

Anna Beth Gorman

Women’s Foundation of Arkansas

Summary

En este episodio de Startup Junkies en Español, conversamos con George Ramirez, dueño, CEO y fundador de HEXA Insurance Agency LLC. George comparte su experiencia como emprendedor latino y los retos que ha enfrentado al iniciar y hacer crecer su negocio. Discutimos la importancia de enfocarse en un nicho específico y cómo identificarlo, además de cómo aprovechar las relaciones para impulsar el crecimiento. También hablamos sobre la relevancia de estar en los lugares adecuados y rodearse de las personas correctas, el valor de servir a la comunidad, y cómo diferenciarte de la competencia para destacar en el mercado.

Show Notes

(00:05) Welcome & introduction.

(00:44) George’s story.

(01:35) The invitation.

(02:45) Wanting a business.

(05:25) Customer service.

(08:58) What is Hexa insurance?

(11:47) All about networking.

(14:59) Biggest challenge.

(17:45) Find your niche.

(24:10) Who you know.

(28:40) Golfing.

(30:46) Having a vision.

(31:42) Advice from the past

Links

Ignacio Balderrama

Ana Ortiz

Startup Junkie

Kiva Northwest Arkansas

George Ramirez

HEXA Insurance Agency

Summary

In this episode of Startup Junkies, hosts Claudia Scott and Daniel Koonce are joined by Stephanie Sirianni and Caitlin Livingston, co-founders of The Wellnest Shop, a brand that brings you the best in authentic health and healing, and products to support self, family and home. Founded in 2022, The Wellnest Shop stands as a beacon of holistic wellness and community support, providing a range of services like workshops, events, and a wellness home program. 

The Wellnest Shop also has an in-house essentials line and offers unique product categories including but not limited to cosmetics, house and home, personal care, pets and animals, and toys and games. With these products, The Wellnest Shop isn't just a place to purchase goods, it’s a nurturing space where monthly birth meetups and community support groups are held, all aiming to prioritize bio-individuality for their customers.

Additionally, Caitlin and Stephanie run a podcast named The Wellnest Mamas and are active on social media and YouTube, providing a platform for alternative health and wellness information. Future ambitions include launching a second location in Fayetteville and developing a franchising program. Their journey underlines the importance of dreaming big and fostering a supportive community environment, encouraging others to pursue their dreams and contribute to a healthier lifestyle!

Show Notes

(0:00) Introduction

(0:48) About The Wellnest Shop

(2:46) Top Three Non-toxic Products You Should Have at Home

(4:44) About Non-toxic Product Sourcing

(5:53) Erasing Non-toxic Stigmas with Brick and Mortar Consulting

(7:06) Making Non-toxic Products Attainable with Community Based Entrepreneurship

(7:45) The Wellnest Shop’s Community Support

(8:38) The Wellnest Mamas Podcast

(10:16) The Wellnest Shop’s Startup History

(11:30) The Wellnest Shop’s Workshops and Events

(13:41) Advice for Starting a Non-toxic Journey

(16:55) About The Wellness Home Program

(18:05) The Wellnest Shop’s Recent Relocation

(22:21) The Meaning Behind The Wellnest Shop’s Name

(23:02) Stephanie and Caitlin’s Upcoming Wellness Services

(26:10) What’s Next for The Wellnest Shop

(27:02) Advice to Younger Selves

Links

Claudia Scott

Daniel Koonce

Startup Junkie

Startup Junkie YouTube

Caitlin Livingston

Stephanie Sirianni

The Wellnest Shop

Summary

En este episodio, el Dr. Adam Arroyos, CEO y fundador de Serve2Perform, comparte su inspiradora trayectoria y los desafíos que ha enfrentado como emprendedor exitoso. Conoceremos qué lo motivó a escribir 'PerformanceGPA®', las influencias que han marcado su camino y lo que lo impulsa a seguir sirviendo a nuestra comunidad. También hablamos sobre los desafíos más comunes que enfrentan los negocios latinos al comenzar y los muchos recursos disponibles en Estados Unidos. Adam ofrece valiosos consejos para los dueños de negocios actuales, brindando una visión única sobre el equilibrio entre la vida laboral y personal y el desarrollo del talento y liderazgo. ¡Únete a nosotros para una conversación llena de inspiración y aprendizajes clave para líderes y emprendedores!

Show Notes

(00:04) Welcome & introduction.

(00:38) Adam’s story.

(01:53) Tejano.

(02:50) U of A decision.

(05:25) Becoming an entrepreneur.

(08:41) An idea.

(13:30) It’s a network thing.

(16:00) Making a difference.

(17:13) Writing a book.

(18:58) Advice for new entrepreneurs.

(21:51) The challenges.

(30:21) Time for change.

(33:10) Book recommendation.

(34:52) A look into the future.

(41:18) Work / life balance.

(43:32) Advice from the past.

Links

Ignacio Balderrama

Startup Junkie

Kiva Northwest Arkansas

Adam Arroyos

Serve2Perform

Summary

In this episode of Startup Junkies, hosts Victoria Dickerson, Caleb Talley, and Daniel Koonce sit down with Tom Gordon, the dynamic co-founder and CEO of Slim Chickens, a restaurant setting itself apart by offering high-quality chicken products and embodying southern hospitality. Founded in 2003, Slim Chickens has expanded to two-hundred and eighty-four restaurants globally, including franchises in the United Kingdom and forthcoming ventures in Germany. 

Slim Chickens thrives thanks to its unique menu, which boasts seventeen different dipping sauces, unique sandwiches, and quality tender breading. This diverse menu has contributed significantly to the brand’s success and popularity, particularly among consumers aged eighteen to forty who seek both good food and a memorable dining experience. Despite its success and growth, Slim Chickens remains committed to its core identity, choosing not to over-diversify its menu to ensure consistent quality and experience for its customers.

Moreover, managing a growing enterprise isn't without its challenges. Tom emphasizes the importance of solving problems and handling financial analyses to maintain profitability, especially in the face of inflation and supply chain hurdles. Despite these challenges, Tom remains passionate about hospitality, continually striving to balance franchise owner satisfaction with high employee wages.

Throughout the episode, Tom discusses his vision for Slim Chickens, including ambitious goals such as reaching a billion dollars in revenue by 2027 and expanding the domestic and international footprint of the chain. Additionally, Tom shares his advice to young entrepreneurs, highlighting openness to partnerships and investor input, stressing the necessity of finding common ground to foster business growth. Tune in today!

Show Notes

(0:00) Introduction

(0:52) Tom’s Origin Story

(3:59) Slim Chickens’ Locations Globally

(5:41) Slim Chickens’ Franchising

(6:38) Exploring the Intricacies of the Restaurant Industry

(9:35) About Slim Chickens’ Cultural DNA

(11:30) Fried Chicken Competitors Internationally

(13:20) The Impact of Recent Inflation and Supply Chain Challenges

(16:41) Collaboration between the Culinary and Marketing Teams

(18:48) What Sets Slim Chickens Apart Domestically

(20:12) Tom’s History with the Restaurant Industry

(24:39) What’s Next for Slim Chickens

(26:21) The Importance of Staying Involved in the NWA Community

(27:57) Advice to Younger Self

(31:37) Closing Question

Links

Victoria Dickerson

Caleb Talley

Daniel Koonce

Startup Junkie

Startup Junkie YouTube

Tom Gordon

Slim Chickens

Summary

En este episodio de nuestro podcast, tenemos el placer de conversar con Federico Deciga, dueño de Deciga’s Lab. Federico comparte con nosotros su inspiradora trayectoria en el mundo de las finanzas, desde sus comienzos y las influencias que lo llevaron a seguir esta carrera, hasta su transformación al negocio de la comida.   A lo largo de nuestra charla, Federico nos habla de los desafíos que ha enfrentado y las estrategias exitosas que ha implementado. Además, nos ofrece una visión personal de cómo equilibra su vida laboral y personal, sus hobbies y las lecciones importantes que ha aprendido en su camino como emprendedor. ¡No te lo pierdas!

Show Notes

(00:05) Welcome & introduction.

(00:59) Federico’s story.

(05:00) Flying solo.

(07:31) It is up to you.

(13:15) Our first food truck.

(21:35) It is a community.

(22:54) It takes a team.

(29:35) Honest criticism.

(31:07) Biggest challenge.

(32:27) Quality quality quality.

(34:26) Starting advice.

(35:13) The best time to start.

(37:05) The ups and downs.

(39:49) Advice from the past.

Links

Ignacio Balderrama

Startup Junkie

Kiva Northwest Arkansas

Federico Deciga

Deciga’s Lab

Summary

In this virtual episode of Startup Junkies, hosts Caleb Talley, Daniel Koonce, and Jeff Amerine chat with serial entrepreneur and founder of Growth Readiness, Todd Westra, about what it means to be “growth ready.” Drawing from his experience interviewing two-hundred and fifty CEOs in thirteen weeks, Westra identifies recurring themes in business growth, particularly the importance of people, processes, and tools. He uses the analogy of SpaceX rockets to explain the difference between launching a business and scaling it, emphasizing the need to transition from what got the business into orbit to focusing on what needs to happen in orbit.

Moreover, Westra introduces his growth readiness framework, which consists of four stages of transition and three growth checkpoints in each stage. He highlights common growth blockers, such as financial fluency, understanding cash flow, and managing expenses. Westra also stresses the importance of client profiling, simplifying deliverables, and being less emotionally connected to the product to achieve scalability and efficiency.

Throughout the episode, Todd talks about his previous business ventures, his current business, Growth Readiness, and how to grow and scale your business, including crafting an exit strategy. Tune in to this episode to learn about Todd's Orbit Framework and Growth Readiness Assessment so you can identify what might be holding your company back from real growth!

Show Notes

(0:00) Introduction

(1:04) About Todd

(7:12) The Four Stages of “Launch Transition”

(16:18) Challenges That Can Inhibit Growth

(22:22) Scaling a Trust Based Business

(27:38) Crafting an Exit Strategy

(33:13) Advice to Younger Self

(34:54) Closing Question

Links

Caleb Talley

Daniel Koonce

Jeff Amerine

Startup Junkie

Startup Junkie YouTube

Todd Westra

Growth Readiness

Summary

In this episode of Startup Junkies, hosts Daniel Koonce and Jeff Amerine are joined by Rick West, chairman and co-founder of Field Agent, a company revolutionizing B2B retail solutions by offering an on-demand marketplace with efficient, cost-effective tools for retail professionals to evaluate in-store conditions, drive sales, understand shoppers, and generate ratings and reviews. The platform is designed to be user-friendly and affordable, allowing users to deploy solutions quickly. As an all-in-one retail toolkit, every solution in the Field Agent Marketplace can be launched with just a few clicks, in just a few minutes, for just a few dollars. 

Furthermore, Rick explains his entrepreneurial journey, highlighting his early days growing up in Appalachia and his international stint with Procter & Gamble, which ignited his entrepreneurial spirit. He emphasizes that Field Agent operates in two economies: the traditional B2B model, where large companies like Walmart and Procter & Gamble hire them to collect data, and a B2C model, where everyday users download the Field Agent app to perform tasks and earn money.

The company recently underwent significant changes, including a Series B funding round and acquiring Shelfgram, enhancing Field Agent's machine learning and AI capabilities. This acquisition enables real-time data collection and predictive analytics, providing clients with a competitive edge.

Throughout the episode, Rick talks about the importance of relationships and mentorship in the business world, how he was able to develop an app that "really pays to use," and how he is adjusting to his new role within Field Agent. Tune in to learn about what the future looks like for Field Agent and to hear how you can make cold hard cash while you shop!

Show Notes

(0:00) Introduction

(0:42) Rick’s Background and Origin Story

(4:16) What’s Next for Field Agent

(7:15) Stepping Back from Day-to-Day Work

(10:58) About Field Agents and Its Recent Acquisition, Shelfgram

(16:10) Using Historical Information to Be Predictive

(21:23) The Role of Social Listening

(26:04) Field Agent’s Process: Everyday People Reviewing Products

(28:03) Rick’s New Role and What’s in the Future for Him

(30:00) Closing Question

Links

Daniel Koonce

Jeff Amerine

Startup Junkie

Startup Junkie YouTube

Rick West

Field Agent

Summary

En este episodio de Startup Junkies En Español, conversamos con Mauricio Guerrero, propietario de 211 Café en Bentonville. Mauricio nos comparte su historia que inicia en Guatemala, su pasión por el café, las adversidades vividas y su experiencia siendo un emprendedor latino en el Noroeste de Arkansas. Hablamos sobre la transición de su carrera en el mundo corporativo, a ser un dueño de negocio y abrir su propio café, los desafíos enfrentados, y su visión para el futuro. ¡No te pierdas esta inspiradora charla sobre café, cultura y comunidad!

Show Notes

(00:04) Welcome & introduction.

(00:25) Mauricio’s story.

(01:30) A deal is a deal.

(04:50) Arrving in NW Arkansas.

(05:00) Traveling is life.

(06:31) The beginning.

(07:40) Childhood memories.

(13:20) The changing times.

(23:50) Starting a network.

(26:35) Working for free.

(31:16) Something about a name.

(35:11) The evolution of coffee.

(41:50) An important message.

(44:04) Advice from the past.

(45:05) Where can we find you?

Links

Ignacio Balderrama

Startup Junkie

Kiva Northwest Arkansas

Mauricio Guerrero

211 Cafe