The Business Takeaway Podcast, Leadership & Business Advice
In this episode, Brad Nelms, founder of TekX, shares his journey from a 20-year career in entertainment behind the scenes to launching his own consulting business. He discusses the real challenges and lessons learned along the way, including managing business operations, leadership challenges, adapting to industry shifts post-Covid, start up sales and leveraging technology like AI. MAIN TOPICS COVERED: * Brad’s background in the entertainment industry and decision to start his own consulting firm * The importance of infrastructure setup and setting realistic expectations for growth * Navigating financial and legal complexities as a solo entrepreneur * The impacts of Covid-19 on supply, demand, and industry practices * Lessons learned from past corporate roles applied to his new business * The role of AI and technology tools in small business operations * Managing burnout and understanding the importance of work-life balance * Building reputation and trust through consistent customer relationships * Scaling challenges and strategic decisions on choosing software solutions * Brad's advice for aspiring entrepreneurs and maintaining a positive mindset TIMESTAMPS: 00:00 - Introduction and Brad's background in entertainment and consulting 02:04 - What motivated Brad to become an entrepreneur 03:26 - Managing family life and transitioning from burnout 04:49 - Brad’s business model and his vision for flexibility 06:07 - Lessons from corporate roles about processes and infrastructure 07:01 - Challenges with payment processors and legal considerations 09:05 - Balancing work hours and discovering ADHD impacts 10:16 - How ADHD awareness has influenced Brad’s business practices 13:09 - The post-Covid challenges in entertainment and supply chain delays 14:59 - How industry shifts have affected supply and demand cycles 17:35 - Brad’s reflections on business success and revenue fluctuations 18:49 - Economic uncertainties and planning for volatility 23:36 - The impact of global crises on industry and personal safety 23:53 - Brad’s perspective on technology, AI, and data analysis 25:46 - The importance of scalable software solutions 36:39 - Advice on selecting the right tools for growth 40:16 - Mistakes Brad would avoid if starting over 42:21 - The effects of self-employment on quality of life 44:41 - Managing stress and the importance of support systems 45:00 - Brad’s advice for new business owners 47:25 - The value of reputation and networking 49:16 - The art of listening to customers and solving real problems 50:28 - Brad’s vision of success in five years 52:22 - Recognizing burnout and the importance of self-awareness 53:45 - Brad’s golden rule for success: reputation and time management 55:09 - Rapid-fire questions: preferences on tech, travel, lifestyle, and more RESOURCES & LINKS: * TechX Consulting [https://www.tek-x.live/]
26 episodes
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