Default Profitable

Matt Nettleton

Are you an aspiring entrepreneur or a seasoned business owner looking to sharpen your skills and grow your business? The Default Profitable podcast delivers powerful lessons from real bootstrapped business owners who have navigated the ups and downs of starting, running, and scaling their ventures. Join Matt Nettleton and tap into a wealth of knowledge and firsthand experiences, learn to avoid common pitfalls, and stay ahead of industry trends. Whether you’re launching your first venture or optimizing an established one, each episode provides actionable insights and fosters a community of support, helping you achieve sustained, profitable success.

  1. Jun 9

    Ep181 From Asbestos Removal to a 30-Year Coatings Business: Clayton Tomasino of Scorpion Protective Coatings

    In this episode of Default Profitable, host Matt Nettleton sits down with Clayton Tomasino, CEO of Scorpion Protective Coatings, a family-owned manufacturer of spray-on truck bed liners and window film based in Cloverdale, Indiana. Clayton shares the company's gritty origin—from a family asbestos-removal business, to his father's low-cost batch-mix coating system built to undercut the steep buy-in of the big bed liner franchises, to his own return from Hawaii in 2007 to "help out" and his takeover of the company by 2010. He walks through how a four-product automotive add-on program eventually narrowed to the one offering with the demand and margins worth building a business on, and how that focus carried Scorpion through 30 years and counting. Listeners will gain grounded lessons on the financial literacy most founders learn the hard way—the gap between net income and actual cash, and how a growing business can still run itself short. Clayton and Matt get into why hitting a revenue milestone can quietly stall a company, why revenue is a lagging indicator rather than a measure of health, how to give your team metrics that aren't just dollars, and the regret that catches a lot of owners off guard: chasing new customers while neglecting the ones they already have. Perfect for bootstrapped founders who'd rather make new mistakes than repeat the same ones. Learn more about Clayton Tomasino and Scorpion Protective Coatings at https://scorpioncoatings.com. Listen to more Indianapolis Business Leaders at https://defaultprofitable.com or subscribe to Default Profitable on your favorite podcast platform.

    27 min
  2. Jun 2

    Ep180 The Twenty-Dollar Leaf: Jesse Wechter on Bootstrapping a Marketing Agency

    Jesse Wechter figured out the whole business at eight years old. He was at a Greek festival, his dad wouldn't give him money for food, so he stormed off, grabbed a leaf off the ground by the gate, and sold it to a stranger for twenty bucks. He'd only asked for five. The lesson stuck: people will buy almost anything if you present it the right way. It took him a while to turn that into a company. Jesse came back to Indianapolis after flipping cars in West Hollywood and bartending in Chicago, living with his mom, owing money, and unable to land a job in a brutal hiring market. He had the skills, including email marketing for healthcare and medical device companies and a stretch at Red Bull Media House, but no work. So he started building a logo and pulling leads off Google into an Excel spreadsheet, emailing over a hundred people a day. That became Wechter Media. When Matt runs his standard question, the one about whether you had a strategic plan, six months of savings, and a clear read on what customers would pay, Jesse landed about where most founders do. No savings. A plan that wasn't strategic or detailed. And a customer understanding he had to learn the hard way, after getting stiffed by two clients, one he nearly took to court and another who dumped the contract right before Christmas. The scramble to backfill all of it took about three years. Then came the part a lot of founders recognize: trying to get stable too fast. Jesse hired three salespeople, bought a CRM, fed them 1,250 leads a month, and watched it sink him into a hole because the reps treated salary as the finish line. His takeaway is the difference between what you need and what you want. These days he only buys the thing when it actually makes sense. The advice he keeps circling back to is the stuff nobody teaches you, mostly financial literacy. Running a business is not the same as running a household checkbook, and the IRS does not care how small you are. He pays for a bookkeeper and two CPAs now, and he sleeps fine. It's the same answer Matt hears more than any other when he asks founders what they wish they'd known going in. And if he could sit his 2019 self down before opening the doors, it's one word: focus. Build the frame and the skeleton before the glamour muscles. Do it for yourself, not to impress a table full of friends. Celebrate the wins when you actually land a client, and don't take the big loan and blow it. Learn more about Jesse and Wechter Media at wechtermedia.com.  If you're listening, three things really help: leave a review, hit subscribe, share an episode. If you're a bootstrapped business owner and you want to be on the show, head to defaultprofitable.com. Stay focused, keep working, stay profitable.

    27 min
  3. May 26

    Ep179 Lindsay Bledsoe, Owner of Burnbright Creative Company: Creative Director, Accidental Salesperson

    What happens when a creative person realizes she's actually in sales? In this episode of the Default Profitable podcast, host Matt Nettleton sits down with Lindsay Bledsoe, owner and senior creative director at Burnbright Creative Company, an Indianapolis-based indie advertising agency she co-founded with Nate Riggs. Lindsay spent 15 years inside other people's ad shops, first in Milwaukee newsrooms and then in Indy cable, before her position was eliminated in April 2025. Three months later she and Nate launched Burnbright. Their mission is simple: keep advertising honest, accessible, and affordable for the small businesses and nonprofits bigger shops walk past. Lindsay's take is that marketing is not a line item, it's a vital investment, and every dollar a small client spends should be treated that way. Have you ever sold a vacuum cleaner door to door without ever asking anyone to buy one? Matt has, and he and Lindsay use it to dig into the part of running a business almost nobody warns you about. Lindsay didn't realize she'd become a full-time salesperson until a few months in. Her take: nobody wants to be sold to, but everyone loves a good ad. The emotional roller coaster surprised her more than the bookkeeping did. Her best advice for anyone about to take the leap: take a breath. You've got this. Learn more about Lindsay Bledsoe and Burnbright Creative Company at https://www.burnbrightcreative.com/. Listen to more Indianapolis Business Leaders at https://defaultprofitable.com or subscribe to Default Profitable on your favorite podcast platform.

    21 min
  4. May 5

    Ep178 The Cabinet That Looked Like a Casket: Chris Boots on Building CJ Boots Casket Company

    Chris Boots was building a custom pantry cabinet at his wife's uncle's shop in 1999 when he looked at the top sitting on the cart and thought it kind of looked like a casket. He'd always wanted his own business. He didn't know what business. That cabinet was the seed. He spent nights on the bed flipping through funeral trade magazines while his wife asked what on earth he was doing. He joined the Casket and Funeral Supply Association — he'd later become its president. He bought a CNC router he didn't know how to operate and was halfway through training in Atlanta before he asked the instructor what the machine actually looked like. Chris walked into the casket industry right as cremation rates climbed from 20% to 70% and the number of casket companies collapsed from hundreds to fifteen. He built CJ Boots Casket Company anyway, going after the high-end Marcellus niche that conglomerate buyouts had cut off from independent funeral homes. Twenty-one years later he sold it, ran it through COVID for the new owners, tried Florida real estate, and landed in commercial insurance after a chance conversation on Lido Beach with a guy who happened to insure the same trade association Chris used to run. His advice for day one of any new business: understand cash flow before anything else. His motto for the rest of it: don't be afraid to go out on a limb, because that's where the fruit is. Learn more about Chris Boots and his commercial insurance practice at https://www.linkedin.com/in/chris-boots-2990735/. Listen to more Indianapolis Business Leaders at https://defaultprofitable.com or subscribe to Default Profitable on your favorite podcast platform.

    25 min
  5. Apr 28

    Ep177 The Parking Lot Decision: David and Christina Reynolds of Reynolds Electric

    David Reynolds and his sister Christina Reynolds-Grisby spent more than 25 years at the same electrical contracting company. The plan was always to buy it. They'd consulted with the bank, drawn up the legal work, and lined up the transfer of ownership. The morning the deal was supposed to close in 2023, they walked in and got introduced to the new owners. A private equity firm had bought it out from under them. They decided to start Reynolds Electric standing in the parking lot that same morning. Three years later, they're a residential and light commercial electrical contractor in Indianapolis, an authorized Generac and Kohler dealer, with techs in the field and an office staff behind them. In this conversation, David and Christina get into what 25 years as employees doesn't prepare you for. Picking a business structure. Finding a CPA. Building a brand from scratch. Christina spent six months on the van wrap. Her hair wasn't right, the shoes weren't sitting where she wanted them, the caricature head kept changing size. Her advice for any new founder is progress over perfection. She'll be the first to admit she didn't take it. The takeaway Matt pulls out of the episode comes in two parts. Start it sooner than you think you want to. And if you're negotiating a business takeover with somebody you've trusted for two and a half decades, get it in writing anyway. Learn more about David Reynolds, Christina Reynolds-Grisby, and Reynolds Electric at https://powerbyreynolds.com. Listen to more Indianapolis Business Leaders at https://defaultprofitable.com or subscribe to Default Profitable on your favorite podcast platform.

    27 min
5
out of 5
13 Ratings

About

Are you an aspiring entrepreneur or a seasoned business owner looking to sharpen your skills and grow your business? The Default Profitable podcast delivers powerful lessons from real bootstrapped business owners who have navigated the ups and downs of starting, running, and scaling their ventures. Join Matt Nettleton and tap into a wealth of knowledge and firsthand experiences, learn to avoid common pitfalls, and stay ahead of industry trends. Whether you’re launching your first venture or optimizing an established one, each episode provides actionable insights and fosters a community of support, helping you achieve sustained, profitable success.