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Episode 27 // Financially Fierce Founders: The Newman Brothers
Championed by our friends at Community Futures Manitoba
Long overdue but oh so worth it! We're excited to bring you this fun and insight-packed episode with Jason and Harley Newman. November is Financial Literacy Month in Canada #FLM2021 and our Crew has been working around the clock. It's not an excuse, we just wanted you to know we've been hard at work and haven't forgotten about you. Thank you for your patience and understanding :) Now on to forging your financial ferocity.
Every industry has been impacted by Covid. Trucking and transportation are no exception. But imagine being forced to operate a business through a global pandemic while navigating the speedbumps and oil slicks of the oil patch?
Looking to build your grit, determination, and resilience? #FinanciallyFierceFounders. Jason and Harley Newman (The Newman Bros.) pave the path. Whether battling a shop fire, making a stand on improved safety standards, or facing down escalating labour and leasehold expenses, these brothers will teach you how to lean in, learn from, and leverage the lessons of the entrepreneurial journey.
Episode Timeline //
[00:00] Introduction.
[01:40] Their journey of building their business.
[03:59] Working on the business, analyzing it, and making sound decisions.
[08:06] Their individual roles within the business.
[09:01] Importance of budgeting, knowing your numbers, and building company culture.
[16:40] Dealing with stress in business.
[19:20] Numbers becoming intuitive.
[21:43] Leadership at the time of crisis.
[25:21] Four tips to help you to get through a crisis in business.
[27:23] When are layoffs necessary?
[30:33] How to hire the right fit for your company.
[34:53] Strategy to buy new equipment.
[41:26] Seeking advice from different experts.
[44:45] We all struggle one way or another.
[47:05] Striking gold.
Founder’s Take //
Finding the right path
Working on the business isn't about getting stuck in the day-to-day tasks. Rather, it’s about seeing the forest through the trees, finding the most efficient route through, and helping your team navigate that route. The Newman Bros. take us through their process of constantly assessing where they're at, where they need to be, and then, making their next move based on analysis and forethought.
Being proactive vs. reactive
Knowing their numbers is what guides Harley and Jason through [almost] every decision in business. The numbers help you see to see where you're headed - whether you're losing or gaining- and then allow you to budget accordingly and stay on track.
Stop sacrificing success for the sake of staff
Founders, don't sacrifice the business for the sake of keeping employees content. Jason and Harley share with us how to hire the right people, for the right job, at the right rate, and then prepare to hold them, and yourself, accountable to deliver on expectations.
Build an advisory board
Every Founder should have a group of advisors to help guide and hold them accountable. Tune in to hear how the Newman Bros built their board and when and how they turn to them for alternative perspectives, insight, and input. Powerful progress is made when you surround yourself with experts willing to work through the numbers and solve specific problems.
Mic Drop Moments //
BOOM! There it is! We promised you intel to blow your mind and build your bottom line.
Here are a few of our favorite mic drop moment's compliments of our
“Numbers becoming intuitive”
There are 2 advantages of knowing your numbers in business. First, numbers move you where you need to go and help you avoid any sudden stress. Second, numbers allow you to be a better leader with a clearer vision.
“Leadership at the time of crisis”
Strong leadership at a time of crisis is dealing with the fears and emotions of your employees, providing them stability, and steering them in the right direction.
“Build company culture”
Build rapport with your employees to avoid friction. Creating a healthy company culture doesn't happen overnight; it starts with strong leadership.
“Vision, Execution, Culture + Numbers”
When crises hit, this is the winning formula the Newman Bros. turn to. Know your numbers, have a vision, set a productive company culture, and make rational decisions based on your analysis, and finally execute that decision.
Those were some of our favs. Drop us a comment below and let us know what landed with you!
The Bottom Line //
Understanding your numbers is the most powerful way to take your business in the right direction. No matter your size, stage, or industry knowing your numbers means knowing your business.
Feeling Financially Fatigued? We've Got Your Wake Up Call!
Today, we're reaching out to you directly, Founders at all stages of business, to experience what it feels like to become Financially Fierce. To stop hiding from the numbers and instead… choose to OWN them!
We want to show you, based on YOUR numbers--not OURS, not only what’s possible when it comes to building your business, but what’s absolutely necessary!
About the Founders // Jason and Harley Newman, T Bar1
Founded in 2002 within the Lloydminster community, what began with one picker truck has expanded into an award-winning commercial and oilfield transport service.
T Bar 1 has more than 15 years of experience serving Western Canada. They offer oversized transport, oilfield tank moving, and heavy haul services from Manitoba to British Columbia, to the Yukon and the Northwest Territories.
Some of their local service areas include Lloydminster, Grande Prairie, Kindersley, Bonnyville, North Battleford, Vermillion, and Calgary.
About the Champ // Community Futures Manitoba
Community Futures Manitoba Inc. (CFM) is an association representing 16 Community Futures organizations (CFs) established throughout rural and northern Manitoba.
Community Futures operates across rural and Northern Canada as a grassroots-driven program created to strengthen rural economies by enabling entrepreneurship and assisting in community economic development. The goal of each CF is to assist the communities in their region to develop their economic potential.
Connect //
GAB LAB CHAMP // Community Futures Manitoba www.cfmanitoba.ca // 1.888.303.2232 // info@cfmanitoba.ca
GAB LAB HOST // Taunya Woods Richardson taunya@nailthenumbers.com // 1.844.844.3660
FINANCIALLY FIERCE FOUNDERS // Jason and Harley Newman www.tbar1.com // 780.874.9882
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