The New How Podcast Brian Corcodilos

SummaryIn this episode of the New How podcast, Brian Corcodilos interviews Justin Kaplan, Director of Development at Odin Properties. They discuss Justin's background in architecture and real estate, his experience teaching English in Taiwan, and his journey into affordable housing development. Justin shares insights on the challenges of the current real estate market and the importance of taking calculated risks in entrepreneurship. He also talks about his involvement with the KB Foundation, a mentor-based program for inner-city youth. Overall, the conversation highlights the impact of affordable housing development and the importance of taking ownership in one's work.







Keywordsreal estate, affordable housing, development, entrepreneurship, mentorship, sacrifice, ownership







TakeawaysJustin Kaplan, Director of Development at Odin Properties, shares his journey into affordable housing development and the challenges of the current real estate market.Taking calculated risks and being willing to make sacrifices are important aspects of entrepreneurship.Justin emphasizes the importance of taking ownership in one's work and the impact it can have on personal and professional growth.He also discusses his involvement with the KB Foundation, a mentor-based program for inner-city youth, and the positive impact it has on the lives of young people.The conversation highlights the significance of affordable housing development and the need for accessible and quality housing for all.







Sound Bites"Take risks, especially when you're young.""Take ownership and make sure the job gets done.""The KB Foundation exposes inner-city youth to a different way of life."







Chapters00:00 Introduction and Background09:39 Transition to Odin Properties31:43 Involvement with the KB Foundation38:21 The Importance of Taking Ownership

SummaryAdam, Luca, and Patrick discuss their passion for Kava and Kratom and their plans to open a Kava bar in Philadelphia. They explain that Kava is a root of a plant from the Pacific Islands and has anxiety-reducing properties, while Kratom is a tree leaf that can be energizing or relaxing depending on the strain. They highlight the community-focused atmosphere of Kava bars and the potential health benefits of these beverages. The team discusses their roles in the business and the importance of educating customers about Kava and Kratom. They also mention their previous experience in the industry and their decision to sell their previous company due to differences in vision. Old City Kava plans to build a portfolio of Kava bars and expand its impact on people's lives. They also discuss the potential for distribution and the importance of advocacy and education. The founders share their experiences with failure and the lessons they've learned. They emphasize the importance of following your instincts, holding yourself accountable, and not waiting for the perfect moment to start. They also discuss the challenges and benefits of working with friends and the need for clear roles and processes in a business.







KeywordsKava, Kratom, Philadelphia, Kava bar, anxiety reduction, community, health benefits, education, business structure, previous company, Old City Kava, Kava bars, distribution, advocacy, education, failure, lessons learned, instincts, accountability, starting a business, working with friends, roles, processes







Takeaways-Cava is a root from the Pacific Islands with anxiety-reducing properties, while Kratom is a tree leaf that can be energizing or relaxing.-Cava bars offer a community-focused atmosphere and serve as a third space for socializing and working.-Educating customers about Cava and Kratom is crucial for spreading awareness and growing the industry.-The team has delegated roles based on their strengths and is focused on hiring employees who can provide sales and educational support.-Their previous experience in the industry has given them insights and a leg up in starting their new venture.-Old City Kava plans to build a portfolio of Kava bars and expand its impact on people's lives.-Distribution and advocacy are important goals for Old City Kava.-Failure is a valuable learning experience in entrepreneurship.-Following your instincts and holding yourself accountable are key to success.-Working with friends can be challenging but rewarding with clear roles and expectations.-Processes and systems are crucial for scaling a business.Sound Bites-"What is kava? If you had to, you know, again, someone that's never drank it or tried it and is hopefully about to, what is kava and why should I be drinking it?"-"We found that Cava bars down in Florida where we became exposed to these things, people would come and socialize and hang out, but there's not the toxicity in the culture of alcohol like present in these Cava bars."-"Usually 20, 30 minutes. So yeah, that's hot. I want to try it because I've never tried it."-"I'm super passionate about this industry. I've seen these products help people in so many different ways."-"We talk about distribution a lot, be it like raw materials product or bottled canned beverages trying to get into like wellness stores, grocery stores and everything."-"I think a lot of people are concerned about that. Like they know they want to do something, they have an idea, and they… they maybe don't wanna take that leap because they're like, I'm already so busy."







Chapters00:00 Introducing Cava and Kratom08:41 The Effects and Experience of Drinking Cava31:16 Learning from Failure in Entrepreneurship43:01 The Importance of Processes and Systems in Scaling a Business

Mike Tester, founder of Tester Construction Group, shares his journey in the construction industry and the growth of his company. He discusses his background in architecture and how he transitioned to construction management. Mike emphasizes the importance of having the right team and culture in a company, as well as the challenges of finding qualified labor in the industry. He also talks about the impact of COVID-19 on the construction industry and the value of in-person collaboration. Overall, Mike's advice for aspiring entrepreneurs is to gain experience and knowledge in the field before starting their own business.

Summary







Jenn Patrino, President of Tierview Development, shares her journey in real estate development and the challenges she has faced along the way. She explains why she chose the Philadelphia real estate market and the advantages it offers. Jen also discusses the importance of being a hands-on developer and the impact of interest rates on the industry. She emphasizes the need for tenacity and the ability to adapt to challenges in entrepreneurship. Jen shares her use of technology and time management strategies in her business. She concludes with advice for aspiring real estate developers.







Chapters







00:00 Introduction and Background03:17 Choosing the Philadelphia Real Estate Market04:42 Transition from Construction to Real Estate Development05:35 The Milestone of Success in Real Estate Development07:29 The Challenges of Real Estate Development08:24 Entrepreneurship and the Desire for Autonomy09:20 The Influence of Upbringing on Entrepreneurship10:49 The Role of Reading and Research in Real Estate Development12:31 The Advantage of Being a Hands-On Developer16:17 The Impact of Interest Rates on Real Estate Development19:51 The Current State of the Philadelphia Real Estate Market24:44 The Challenges of Growing a Real Estate Development Business30:54 The Importance of Tenacity in Entrepreneurship32:10 The Use of Technology in Real Estate Development34:27 Time Management and Prioritization in Real Estate Development34:56 Advice to Younger Self and Parting Words

Bryant Greene, the founder of Always Best Care, shares his journey of starting and growing his home care franchise. He discusses the challenges he faced in the beginning and how he overcame them. Bryant also emphasizes the importance of giving back to the community and shares his involvement in various charitable organizations. He talks about his passion for animals and his rescue farm. Additionally, Bryant discusses his venture into the cannabis industry and his plans for the future. His story highlights the power of perseverance, compassion, and making a positive impact in everyday life. He emphasizes the role of esteem in the act of helping and the potential pitfalls of over-giving. The conversation then shifts to the topic of work ethic and the future of work. Bryant also discussess caregiver deserts and labor shortages and challaneges facing the home healthcare industry. The importance of consistency as a hallmark of professionalism is emphasized, along with the difficulties of building a business from scratch. Finally, the impact of business on relationships is discussed, emphasizing the need for self-awareness and defined roles.







Key Takeaways







Generosity and helping others can bring a sense of esteem and fulfillment.Giving without expectation is important to avoid disappointment.Consistency is the hallmark of a professional, regardless of the field.Building a business from scratch requires perseverance and dedication.The impact of business on relationships should be carefully considered.







Chapters







00:00 Introduction and Background02:26 Starting Always Best Care09:24 Overcoming Initial Hurdles15:39 Giving Back to the Community20:23 Owning a Farm and Rescuing Animals25:22 The Importance of Giving and Receiving30:03 Venturing into the Cannabis Industry36:25 The Sphere of Influence and Making a Difference40:46 Reaching Financial Milestones42:42 Leaving an Imprint and Giving Back43:41 Generosity and Helping Others45:13 The Importance of Esteem in Helping Others46:06 Giving Without Expectation49:44 Work Ethic and the Future of Work50:41 Caregiver Deserts and Labor Shortages52:32 Consistency as the Hallmark of a Professional54:49 Building a Business from Scratch56:43 The Challenges of Starting a Business57:32 Impact of Business on Relationships

“It’s not about if you have it, it’s about if you want it.”  Guests Tony Charlton and Joel Edwards are developers, investors, and entrepreneurs with several businesses and thousands of employees collectively. In this episode, Brian Corcodilos speaks with them about their highs and lows, challenges and triumphs of starting and growing businesses, especially during the peak and the aftermath of COVID







00:00 - Introductions01:42 - Becoming an entrepreneur03:40 - How Tony and Joel met06:04 - Today’s interest rates in real estate08:02 - Tony and Joel’s competitive advantage09:00 - Adopting new technologies12:39 - The effects of COVID16:08 - Pushing through ceilings to grow20:20 - Handling staff moral and workplace culture24:36 - Making your first $100K30:58 - Highs and Lows in business33:30 - Routines for being successful37:20 - Qualities of a successful entrepreneur 41:40 - Coaching and building up the people around you43:36 - Advice for new entrepreneurs45:50 - Wrap-up