New Podcast Series: Episode Four

Blog Post. Pithy Conversations with CEOs. Demand Driven Technologies.jpg

In this fourth episode of our podcast series titled “Pithy Conversations with CEOs,” Trusted Counsel’s Evelyn Ashley and John Monahon speak to Erik Bush, CEO and Founder of Demand Driven Technologies (DD Tech). Founded in 2011, DD Tech specializes in cloud-based supply chain software solutions. With over 80 enterprises, today DD Tech has a global presence and a deep channel partner network.

Bush attributes his company success to be the first in the industry to adopt Demand Driven Material Requirements Planning (MRP) when it was introduced to the marketplace in 2011. The new methodology goes into their replenishment solution. With the new MRP model, the logic addresses the needs of manufacturers to plan both their inventories and materials out in a time phased manner. The old MRP model was much more dependent on forecasts. Bush said, “This Demand Driven MRP movement has really taken the market by storm. Clients get real value out of it and they find that they’re far less dependent on things like Microsoft Excel, which believe it or not a lot of the big companies around the world are still using as their inventory planning tool. So as a result, we’re giving clients much better results.” Today, DD Tech is the leading provider of the compliant supply chain solutions. Last year, the company was selected as a Venture Atlanta Presenting Company, the Southeast’s premier event for connecting technology innovation and investment capital.

Prior to founding DD Tech, Bush retired from IBM (2010) after 31 years with the company, the majority in executive management roles. He told us during the podcast, “When I retired, I thought I might do something entrepreneurial, because I’ve always had the itch to go out and try my luck at that.” A year later, he started DD Tech. Bush stressed over and over in the interview that the company really takes a lot of pride in delivering real value to the customer and that they solve problems for the customer.

During the course of the podcast CEOs, business owners, and C-level executives will learn:

  • What led Bush to form DD Tech after he retired from IBM

  • DD Techs process for raising venture capital

  • Bush’s sales lessons

  • KPI’s Bush follows closely every month

  • Pithy advice to new CEOs

    Don’t miss a single episode of our podcast show. Subscribe to our show “In Process Podcast” on Apple iTunes and on Google Play to receive this episode as well as future episodes to your smartphone.

Investment's New ROI: Empowering Entrepreneurship for Social Change

Photo Credit: The Center for Civic Innovation (Atlanta, GA)

Photo Credit: The Center for Civic Innovation (Atlanta, GA)

The entrepreneurial spirit is alive and well, even in communities that have been hit hard by financial recessions and divestment. Our innate drive to fight and remain entrepreneurial doesn’t ever go away. But, finding access to community resources and early-stage funding is not always equally or readily available for every entrepreneur with a dream of success.  

Take a city like Atlanta, as an example, which by all media accounts is thriving economically and is often touted as the next city for economic growth. Its skyline is graced with a number of Fortune-500 companies. However, Atlanta consistently has one of the highest income inequality gaps in the United States. Upward mobility in Atlanta is 4 percent, meaning there’s a 96-percent chance if you're born poor in Atlanta, you’ll die poor in Atlanta. 

This is a dichotomy that has to change―not only in Atlanta but across the globe.   

This week in In Process (Trusted Counsel's bi-weekly podcast show), Rohit Malhotra, founder and executive director of the Center for Civic Innovation, discusses how the Center is focusing on social entrepreneurship to bring community organizations together to solve civic solutions in order to transform business in Atlanta―and how this approach can serve as a model for other U.S. cities and even worldwide.

“Whether you're suited and booted at a Fortune 500 company on the 50th floor or you're on the ground working a farm each and every day, the joint thing we have in common is a love for our city,” said Rohit. “Atlanta's history is built on businesses and communities, both the public and the private sector, coming together to fight for what's morally right. To drive what business will look like, rather than business driving our morality.”

During the course of the podcast “Investment’s New ROI: Empowering Entrepreneurship for Social Change,” investors as well as community and business leaders will learn:

• The definition of social entrepreneurship

• The Center for Civic Innovation’s mission, goals and future plans

• Challenges and opportunities for social entrepreneurship in Atlanta as well as other metropolitan areas

• How to shift the conversation in terms of distributing capital and investing in true “economic value” that produces social change

• Real-world social entrepreneur success stories 

Stream the conversation with Rohit in the player below to learn how you, your company or any association you belong to can invest in Atlanta and/or contribute to social entrepreneurship in your city. You can also subscribe to In Process on iTunes to receive this episode as well as future updates from the show on your smartphone.

Don't Be Blue; Make Your Happiness

Make Your Happiness

In the United States, we live in one of the richest, safest and most free countries in the world. Yet according to the “2016 United Nation’s World Happiness Report”, we rank No. 19. Why is this? We spoke to happiness expert Chris Butsch for some answers. 

Millennials and Unhappiness
A millennial himself, Butsch believes that “millennials are a generation suffering from an unhappiness epidemic.” He argues that the American dream is skewed and that it stunts our happiness because the seeds to a happy life simply aren’t engrained into our culture. Affected a year ago by unhappiness, Butsch traveled the world to fully understand what it means to be happy. He interviewed hundreds of people (including millennials), studied positive psychology and read up on many underreported studies by some of the leading universities in the country, all of which forever changed the way he thinks about happiness. Read on for some of his key findings.

Achieving Workplace Harmony with Millennials
“The wrong approach is to treat millennials differently, or to give them special treatment,” Butsch states. “They like to work for well-run businesses and they don’t work well for companies that give them special treatment or hire a special consultant that tells managers to treat them differently…it all comes down to best practices.” Also, according to Butsch, millennials like to receive regular feedback from management. Studies have shown that millennials are seeking affirmation that the work they are doing is moving them in the right direction. Hence, if feedback is provided to millennials and regularly, it should eliminate ‘that’ millennial asking for a promotion shortly after starting a new job, or worse yet, quitting a new position with little explanation.  

Making Happiness
According to The Journal of Happiness Studies, all happiness derives from just two sources: true happiness and pleasure. Confusing the sources of happiness is something that Americans often do. “True happiness and pleasure are very different and the distinction is important to know,” says Butsch. Activities such as dining with a friend, reading, or volunteering lead one towards true happiness. A pleasure, on the other hand, is something that gives you temporary happiness. Drinking a soda is a perfect example of temporary happiness. If you have dinner with a friend versus drink a soda alone, the next morning you’ll actually wake up happier if you’ve done the true happiness activity of dinner with a friend. “You’ve actually increased your baseline happiness, referred to as your hedonic set point.” So the idea here is to do more true happiness activities.  

 Mindfulness: Moment to Moment Happiness
We all know that meditation, a strategy to lower one’s stress and increase the ability to focus, increases happiness levels. But what you may not know is a meditation technique called mindfulness, a practice that has penetrated many Fortune 500 Companies, including Adobe and Google. Mindfulness allows individuals to be able to reengage fully in the present moment without having distractions. In other words, eating mindful, listening mindful, a mindful walk, etc. So how about turning off your computers and cellphones to be more present? It really is that simple.  The idea is to make peace with your present moment to be happier.

In this episode of In Process Podcast, Trusted Counsel interviews Chris Butsch , speaker, meditation instructor, millennial happiness expert and author of the new book “The Millennial’s Guide to Making Happiness.”  

During the course of the podcast you will learn about:

  • What led Chris to write a book specifically for millennials (and that every office should have a copy of the book)
  • The building blocks of happiness: true happiness versus pleasure
  • The problem with social media and its impact on our happiness levels  
  • How to increase your happiness levels over time
  • Why everyone needs to have a sleep app on their phones

Stream the conversation with Chris in the player below to learn more. Don’t miss an episode, subscribe to InProcess Podcast on iTunes to receive this episode as well as future updates from the show to your smartphone.

Managing Your Business: Keeping Cool When Everything is Hot

Trusted Counsel speaks with Rhett Power

Trusted Counsel speaks with Rhett Power

In this episode of InProcess Podcast, Trusted Counsel interviews Rhett Power, the author of “The Entrepreneur’s Book of Actions” and co-founder of Wild Creations, an award-winning startup toy company.

 According to Power, we are operating in a society defined by instant gratification (think status updates on social media and quick online ordering). We expect immediate results in our daily lives, yet find ourselves surprised when quick fixes in the workplace fail to produce lasting change. Power makes the compelling case that success in todays increasingly competitive business environment requires far more than the typical “10 easy steps.” During the course of our interview with Power, he strongly encourages entrepreneurs and leaders to take action daily to break old habits, think in new ways, and to develop a successful new mindset with thinking strategically.    

Powers recounts his experience in turning around a start-up toy company he’d purchased. He states “we were an utter disaster. We had a terrible business model, but it was a wonderful product. The challenge, was figuring out how to scale this product, manufacture it efficiently, and ship it efficiently. We got our lucky break because of our excellent customer service. Also, we were spending all of our time working in the business, not on the business. So when we got that big order, the light bulb went off and it said to us, we have to stop and start thinking strategically. That was our turning point.”  

After succeeding in turning around the toy business, Power tells us “that’s why I wrote the book.” He explains that he never took time in those first couple of years to work on the business. “I realized how important it was every day to take a few minutes to do the strategic things to think about what you’re doing…to take some time and stop making these rapid-fire decisions that aren’t always thought through.”

Power walks us through his favorite chapters in the book and tells us the one thing that busy entrepreneurs will get out of the book. He also briefly touches upon his coaching program and where his clients often need guidance on. 

Rhett Power is the co-founder of the toy company Wild Creations and author of the new book “The Entrepreneur’s Book of Actions,” about daily exercises for becoming wealthier, smarter and more successful. Power travels the globe speaking about entrepreneurship, leadership, and management; he has presented alongside Kiva’s Julie Hanna, AOL Founder Steve Case, and President Barack Obama. He has written for the Huffington Post, Business Insider, Time, and The Wall Street Journal. Power now has a rapidly growing coaching and consulting practice based in Washington, D.C. and Charleston, South Carolina.    

During the course of the podcast, entrepreneurs and business leaders will learn about:

  • Powers impactful story as an entrepreneur- how he saved his toy company from the brink of bankruptcy to become an award winning business
  • What led Powers to write a book specifically for entrepreneurs

  • How to shift your thinking from “rapid-fire” decisions to developing a new mindset (strategic thinking and decision making)

  • Top issues entrepreneurs often need guidance on  

  • Hiring best practices according to Power, when faced with growing a company rapidly

Stream the conversation with Rhett in the player below to learn more about the above business topics. Discover top techniques to improve your strategic thinking when building a business and break your bad habits. Lastly, listen to leadership lessons that Rhett Power learned along his career as an entrepreneur. Don’t miss an episode, subscribe to InProcess Podcast on iTunes to receive this episode as well as future updates from the show to your smartphone.