The Toolkit

The Toolkit

By Justin FortierBusinessCareers
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The Toolkit episodes

  • Speed Kills: The OODA Loop for Faster, Better Decisions (with Col. Alex Vohr, USMC Ret.)

    Justin Fortier interviews retired Marine Colonel Alex Vohr about his book, Speed Kills, which analyzes John Boyd’s OODA loop and its influence on Marine Corps maneuver warfare and business. Vohr explains learning the model during the 1980s doctrinal shift under General Al Gray, why he treats OODA as a theoretical framework rather than a checklist, and how organizations can improve observation, orientation (worldview and biases), decision-making, action, and honest feedback. They discuss complex adaptive systems, uncertainty, luck, and OODA as a parallel to the scientific method where feedback closes the gap between perception and reality. The conversation covers fog and friction, AI-driven ad testing as accelerated OODA cycles, decentralizing authority and leadership by walking around, relative tempo and seizing initiative, nested OODA loops in organizations, resisting ossification, and using principles, culture, and commander’s intent to align decisions at every level.
    Get the book at https://toolkit.fm/speedkills


    00:00 Podcast Intro

    00:38 Marine Corps Doctrine Shift

    03:07 John Boyd and OODA

    05:09 Applying OODA in Organizations

    07:16 Complexity and Feedback

    10:41 OODA as Scientific Method

    12:26 AI Accelerates the Loop

    17:09 Fog and Friction Explained

    21:14 Decentralized Decisions

    24:10 Speed and Initiative

    27:23 Tempo Forces Mistakes

    28:49 Speed Versus Accuracy

    30:41 Nested OODA Loops

    33:15 Staying Relevant Over Time

    36:25 Turnarounds And New Leaders

    39:42 Walmart Beats Kmart

    45:01 Defense And Holding Talent

    48:02 Principles Shape Culture

    49:25 Commanders Intent At Scale

    51:40 Wrap Up And Resources

    53 min
  • Sir Christopher Furness - "The American Invasion" (1901)

    "The American Invasion" (1901) By Sir Christopher Furness


    An unabridged audiobook production of the short book written by shipping tycoon Sir Christopher Furness. This book captures the anxiety of early 20th-century Britain as it faced the rising economic power of the United States. Furness provides a firsthand account of the American industrial giant's rapid expansion, technological innovations, and the looming threat it posed to British industries. With insights drawn from his personal experiences and speeches, Furness explores America's industrial advantages, such as abundant natural resources, large-scale infrastructure projects, and a culture of innovation, while also reflecting on how Britain could maintain its global leadership.


    Forward by me, Justin Fortier. Links to come.

    1 hr 10 min
  • Reviving Literary Gems as Ebooks - Digital Publishing with Patrick Mehr of Plunkett Lake Press

    Join host Justin Fortier as he interviews Patrick Mehr, the publisher at Plunkett Lake Press, who has digitally transformed rare and old books into accessible eBooks. In this episode, Patrick discusses his transition from a management consultant to a digital publisher, the meticulous process of digitizing books, the challenges of securing electronic rights, and the satisfaction of making valuable books available to a wider audience. Learn about the fascinating stories behind these books and the importance of preserving historical knowledge in the digital age.


    Visit Patrick's Plunkett Lake Press: https://plunkettlakepress.com


    (00:00) Introduction and Guest Overview

    (00:23) Discovering Plunkett Lake Press

    (02:34) Patrick Mehr's Background and Journey

    (05:24) Challenges and Rewards of Digital Publishing

    (09:05) The Process of Digitizing Books

    (19:07) Securing Rights and Legal Hurdles

    (23:02) Final Thoughts and Future Prospects

    (37:18) Conclusion and Closing Remarks


    How to Connect with Justin Fortier, Host of The Toolkit

    ➡️ Connect on Linkedin: https://www.linkedin.com/in/justinpfortier/
    ➡️ Find Justin on Twitter/X: https://x.com/justinpfortier
    ➡️ Subscribe on YouTube: https://bit.ly/3OuwK29

    40 min
  • How to buy a company with Doug Lovette, Managing Director at Third Coast Capital Advisors - Advising companies and private equity firms on growth through acquisition

    Buying a company is one of the most expensive purchases possible. Investment bankers facilitate the buying and selling of companies and related financing. This episode focuses on the process of advising companies and investment firms to help the buying go smoothly.

    Doug Lovette is the founder and Managing Director of Third Coast Capital Advisors, a firm that helps private equity groups and companies develop a strategy to grow by buying other companies. Once the strategy is developed, Doug and his team find companies to buy, secure the interest of business owners and manage all sides throughout the process.

    This episode is relevant to anyone looking to buy a company, sell their family business or manage a very important relationship.

    Third Coast Capital Advisors: https://www.thirdcoastca.com/team

    Find Justin on Twitter: https://twitter.com/justinpfortier

    Jargon

    • Middle Market = companies between roughly $50M-1B in revenue
    • Sell-side = activities related to selling companies, shares in companies or debt
    • Buy-side = activities related to buying companies, shares in companies or debt
    • Private Equity - investment groups that own private companies (not trading on the stock market) and assets
    • M&A = mergers and acquisitions
    • Merger = joining two companies
    • Acquisition = buying a company
    • Related Videos

      1. Wharton panel on growth through acquisition: https://youtu.be/p0Bx6UtherQ
      2. Talk on managing client relationships by Goldman Sachs Partner Jim Donovan: https://youtu.be/z8kqCIxXTEw
      3. 40 min
      4. Music Royalty Investing - Josh Gruss, CEO of Round Hill Music ($450M+ fund)

        This episode is all about who actually owns music and how they get paid. I sit down with one of the largest investors in music royalties to understand how it all works.


        Josh Gruss is the Chairman, CEO and founder of Round Hill Music.

        Prior to founding Round Hill Music, Josh Gruss was previously a partner at Gruss & Co., a private investment firm based in New York City. He also worked in investment banking at Bear Stearns & Co. Before his career in finance, Gruss worked at Sony Music, Atlantic Records, and Clear Channel’s Live Music Division. Gruss earned his B.A. from Trinity College in Hartford, Connecticut and an MBA from both Columbia University and London Business School. He served in the U.S. Coast Guard for six years.


        Follow Justin: https://twitter.com/justinpfortier

        43 min
      5. Do we need crypto regulation? Prof. Edward Stringham on Private Governance

        Edward Peter Stringham is the Davis Professor of Economic Organizations and Innovation at Trinity College. He has extensively studied self-regulation and enforcement among private groups or individuals that fill a void that government enforcement cannot. In this episode, we explore the history of stock exchanges and the consequences of regulation through the lens of the burgeoning crypto ecosystem. 

        Read Ed's book: Private Governance: Creating Order in Economic and Social Life


        Follow Justin on Twitter

        45 min
      6. The PE firm that returned 25X on YETI - How to buy & operate businesses with Cortec's Dave Schnadig #6

        Cortec Group Co-President Dave Schnadig joined to discuss what he's learned from running an operationally intensive Private Equity firm.

        At Cortec he has nurtured the development of companies like Chauvet, Groundworks, and YETI where they turned a $67 million investment into $3.3 billion during Dave's 7-year term as Chairman.

        They are now investing out of their 7th fund, which is $2.1B.

        In this episode we talked about:

        • Identifying good companies to buy
        • Developing a firm
        • The two biggest areas where founders underinvest

        • Talk to me on Twitter: @justinpfortier

          Check Out Cortec Group: cortecgroup.com

          51 min
        • CID - Making a career in music & starting a label #5

          House music DJ & producer Carlos Cid (known as CID), joined me to talk about sustaining a career in music, starting his new label, and the steps required to be able to perform music in front of crowds around the world. CID is an incredible producer who has put out songs with Kaskade, Don Diablo, Loud Luxury and official remixes for Diplo, Lizzo an Ellie Goulding. He has over 100 million plays on Spotify and his songs are frequently featured on top playlists and radio shows. His music does very well commercially, but he also embraces a more underground sound for some of his touring, playing top house music clubs in addition to his circuit of larger festivals. 


          In the episode CID talks about:

          • Making his grammy nominated remix of "Audio"
          • Balancing producing music and performing as a DJ
          • Launching his label "Night Service Only"
          • The importance of the right management team
          • Building your own fan base in the era of Spotify
          • Landing a weekly Sirius XM radio show and how he puts his episodes together
          • Relationships drive success in music



          CID’s beginnings on Will Joy’s Podcast:

          https://soundcloud.com/backtobackpod/episode-67-cid


          CID’s music:

          Spotify


          https://soundcloud.com/cidmusic


          On Google & Youtube, avoid lots of results for an Indian Police Drama TV show by searching, CID Music or cidmusic.


          For those interested in pursuing a creative, performance-driven career, this Toolkit episode builds on the advice in Ep. 3 Jared Freid.

          1 hr 4 min
        • Richard Mejia - Scaling a professional services firm in a growing industry #4

          Richard Mejia Jr. became a partner the the accounting firm EY in 1983. A new opening at the San Diego office in 1988 catalyzed his transition into working primarily in Life Sciences and Technology. From 2001 to 2008 he headed up the entire Pacific Southwest Life Sciences Practice. Under his leadership, the San Diego office grew from a single partner to a well-structured practice with ~$14 million a year in annual revenue. His extensive experience in securities, debt offerings and M&A transactions earned him board seats on several publicly traded technology companies and Sharp Health, a large hospital system in San Diego.


          We discussed scaling an organization with good processes, nurturing a talent pipeline, networking, and other essential topics for building a world-class professional services firm.

          40 min
        • Jared Freid - Building an audience and starting in comedy #3

          Jared Freid is a NYC Comedian. His comedy is current and reflects the ordinary daily thoughts of millennials and beyond. He’s a regular at the Comedy Cellar, Caroline’s on Broadway, Gotham, Stand Up New York and Comix at Mohegan Sun. He performed at the 2017 “New Faces” showcase at the 35th annual Just For Laughs festival in Montréal. He is a co-host of the "U-up" podcast and host of his own JTrain podcast, which has over 450k downloads a month.

          I brought Jared on to discuss how he took the leap to start in comedy, what strategies he used to build his audience and what he is working toward.

          47 min

        About The Toolkit

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        Sharing the tools (everything from ideas, skills, and products) admirable people have used to build their career and life.