The Fuel Your Legacy Show Samuel Knickerbocker

Summary
Christopher Volk discussed his experience starting and growing real estate companies that provided a solution by being a landlord rather than a banker, allowing for assumable leases and providing all the capital for the real estate, freeing up equity for business expansion. He emphasized the importance of lowering the cost of capital to make a business more valuable and explained the benefits of choosing a lease over owning a building. The group emphasized the importance of prioritizing the customer and adapting to change.

Key Points
• Christopher discusses his experience taking his first company public, which owned over a thousand chain restaurant properties, and how they expanded to include other ventures like Flying J truck stops. (12:53)

• Christopher Volk talks about his experience starting and growing three real estate companies, each with a different focus and business model (13:49)

• When asked why someone would want to own a business but lease the real estate, Christopher explains that owning real estate can come with problems such as lack of long-term financing options and non-assumable loans, which can prevent business growth and flexibility (18:48)

• His companies provided a solution by being a landlord rather than a banker, allowing for assumable leases and providing all the capital for the real estate, freeing up equity for business expansion and ultimately creating millionaires. (20:42)

• Christopher discusses the cost of capital, which includes the cost of leases, debt, and equity, and how lowering the cost of capital can make a business more valuable (23:45)

• Sam asks for a simplified explanation, and Christopher explains that choosing a lease eliminates the need for a down payment and allows for more cash flow to expand the business, while owning a building has opportunity costs and restrictions (24:51)

• They emphasize that all businesses are there to solve a problem for a customer, and that the customer should always be the top priority (29:29)

• Christopher gives an example of Blockbuster's failure to adapt to changing technology and emphasizes the need to embrace and make change happen for oneself. (49:42)

Links: thevalueequation.com

Summary
Sam introduces Christopher as a successful business leader who has built three companies and remained married for 43 years. Christopher explains that starting a business involves identifying the customer and product/service, then organizing the business around that solution. He talks about wanting to inspire others to start businesses and make a difference for more people.

Key Points
• Sam explains the focus of his podcast and what he wants to learn from Christopher (0:38)

• Sam introduces Christopher as a successful business leader, author, teacher, husband, and father who has built three companies and remained married for 43 years (8:33)

• He worked hard to become skilled in commercial lending and eventually left banking to work for a company in Arizona, which he helped take public (14:09)

• Christopher went on to start two more companies and took them both public before stepping down and writing a book on business (16:46)

• Sam recommends reading Christopher's book for more information and applying the principles discussed to all areas of life. (17:50)

• Christopher explains that starting a business involves identifying the customer and product/service, then organizing the business around that solution (34:41)

• Christopher believes that CEO skill sets are not universal and that a leadership team should have complementary skill sets (37:11)

• Christopher talks about wanting to inspire others to start businesses and make a difference for more people, not just those who work for him (54:12)


Next Steps
Next Steps not detected in this meeting.

Links: mauri@maurirene.com

Summary
Mauri shared her story of maintaining faith through hardships and writing a book about integrating faith into business. She discussed her passion for helping business owners lead people to Jesus and starting a servant leader group. Sam emphasized the importance of faith in business and learning from unexpected results, while also reflecting on giving recognition to others.

Key Points
• Mauri talks about the importance of serving in their group (4:40)

• Sam introduces Mauri on the podcast and encourages her to share her story, highlighting the potential impact on listeners' lives (10:12)

• Despite the hardships, Mauri maintained faith and saw a transformation in her life, leading her to write a book about integrating faith into business (16:32)

• Mauri Rene discusses her passion for using her book and workbook to help business owners lead people to Jesus, as well as starting a servant leader group in her community (20:43)

• Sam and Mauri discuss the role of faith in business and personal life (34:08)

• Sam discusses the importance of acting in faith in business and learning from unexpected results (35:17)

• Mauri shares a story about a challenging project in the construction industry where faith played a role in resolving the situation and emphasizes the importance of having faith in business success (37:20)

• Sam reflects on the idea of giving recognition and trophies to others, especially in terms of talents and good deeds (49:24)


Next Steps
Next Steps not detected in this meeting.

Summary
Avery Mason, a comedian, actor, and retired Power Ranger, shares his story of growing up in Brooklyn and making important decisions about drugs and self-acceptance. He emphasizes the importance of being honest with oneself and pursuing what makes you happy, as he did when he quit a job to pursue his passions. Sam poses thought-provoking questions for listeners to consider about their own paths and aspirations.

Key Points
• Sam introduces Avery as a guest on his podcast and briefly mentions Avery's background as a comedian, actor, and retired Power Ranger (4:46)

• Avery begins sharing his story, mentioning his immigrant parents and growing up in Brooklyn during a rough time. (5:30)

• In high school, Avery had a decision to make about whether or not to do drugs with his friends and ultimately chose to walk away from it, which he considers a crossroads moment (9:27)

• Avery struggled with self-esteem in college and tried to fit a mold, but eventually learned to accept himself and become more confident (11:50)

• Avery kept trying to get on the popular TV show Power and eventually landed a featured role, which led to more opportunities and eventually a recurring character role until he was killed off in season six (29:47)

• Avery and Sam discuss the importance of doing what makes you happy and being honest with yourself about your goals and aspirations (50:28)

• Sam poses three key questions for listeners to consider: what does your future look like if you continue down your current path, who do you want to be, and do you have to accept the labels others put on you? Avery emphasizes the importance of being honest with oneself and not lying about one's true desires. (51:03)

• Avery Mason talks about quitting a job to pursue something he loves and finding fulfillment in his work (54:36)

Links: royalrestrooms.com


Summary
David Sours, co-founder of Royal Restrooms, discusses his upbringing, work experience, and how he came up with the idea for the business. They were able to capture the market in Savannah and expand to other areas, including providing trailers for events like the US Open and Summer Phoenix's wedding. Hurricane Katrina was a turning point for the business, as they provided trailers for relief efforts and gained national attention.

Key Points
• The premise of the show is to explore the questions that drive people's actions and lead them to their current position in life (7:53)

• Sam Knickerbocker interviews David Sours, co-founder of Royal Restrooms, about his childhood, background, and how he got into the restroom trailer rental industry (12:45)

• David talks about his upbringing, work experience, and how he came up with the idea for Royal Restrooms after a bad experience with a porta john at a festival (14:41)

• David discusses the success and growth of Royal Restrooms, including the challenges they faced and their commitment to innovation (19:45)

• Sam Knickerbocker discusses the importance of taking action on ideas rather than just thinking about them (39:23)

• They were able to capture the market in Savannah and expand to other areas, including providing trailers for events like the US Open and Summer Phoenix's wedding (47:44)

• Hurricane Katrina was a turning point for the business, as they provided trailers for relief efforts and gained national attention, but the speaker also faced criticism from their job at the bank for being involved in the "crapper business" (49:53)

• Takeaways from the conversation include the importance of asking "what's a better way" and starting a business as a side hustle before quitting a job, as well as the value of having supportive friends and being willing to fail and try again. (1:08:58)

Links: justintidd.com

Summary
Sam and Justin discussed the importance of asking meaningful questions to create a lasting legacy. Justin shared his journey of prioritizing health and transforming his life, emphasizing reframing losses as wins through learning. Sam highlighted the significance of beliefs on actions and outcomes, and the importance of setting a positive example to leave a legacy and become a leader.

Key Points
• Sam explains the format of the conversation and the goal of highlighting questions that lead to a more meaningful legacy (12:54)

• Sam introduces Justin on the show, mentioning their connection and Justin's expertise in health management and optimizing life (15:16)

• Overcoming these challenges led Justin to prioritize his health, start his own coaching business, and transform his life spiritually, financially, and personally (24:20)

• justin talks about reframing losses as wins through learning and adaptation (30:16)

• Sam talks about how beliefs about oneself impact actions and outcomes, using health as an example (49:51)

• Sam discusses the difference between competitors and champions, highlighting the importance of paving the way for others and creating change in an industry (54:37)

• Sam emphasizes the importance of setting a positive example for others, whether they have children or not, as a way of leaving a legacy and becoming a leader (1:00:11)

• Sam promotes Justin's contact information and encourages following him on social media for valuable content (1:07:49)