Chris sits down with business partner and Fort Capital COO, Jason Baxter, to discuss the concept of Cost Reduction, Overhead Management & Revenue Generation (COR) and how it has given their team a voice and the ability to think like company owners. They'll discuss how they were able to successfully implement COR within the culture of the business and avoiding the 'revenue creep'. Enjoy!
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Learn more about Chris Powers & Fort Capital: www.FortCapitalLP.com
01:08 — COR: The Meaning, Defining Success and How We Implemented it at Fort Capital
05:24 — Fort Capital’s 2019 COR Challenge and What it Revealed
07:36 — How COR Became Part of Fort Capital’s Culture
09:26 — The Problem With Focusing Too Much on Revenue and 'The Creep'
13:06 — Company Goals During COVID-19
15:18 — Rewarding the Team for Achieving Wins and How We Keep COR at the Top of Everyone's Minds
18:08 — A Deep Dive into the Overhead Management Piece of COR
21:44 — How Fort Capital Identifies Imbalances in Processes, OKR’s, and Setting Overhead Management Goals
24:28 — The Importance of the Team Having a Voice as a Company Grows
27:52 — Setting Budgets and Fort Capital's Re-Forecasting Tools
32:44 — Being Patient When Implementing a Process like COR
The FORT is produced by Straight Up Podcasts
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Here, we uncover the proven strategies, insights, and inspiring stories of today’s greatest leaders in the worlds of business, real estate, entrepreneurship, and investing. Each episode’s mission is to help you to level up your entrepreneurial game by hearing directly from the men and women in the arena. Chris is able to uniquely uncover things not commonly discussed because he is an entrepreneur himself. We not only cover business, but we also cover the personal side of entrepreneurship.
The Fort began in 2018 as a way for Chris to publicly explore the fascinating world of entrepreneurship. Since he was a child, he’s been characterized as obsessively curious about the world around him.
The Fort has now been downloaded over 2M times, across more than 50,000 unique listeners.
Each week features conversations with entrepreneurs, Founders, CEOs, and Executives from some of the leading companies in America. Past guests have represented companies such as JLL, Hillwood, S2 Capital, Chick Fil A, Morning Brew, Founders Podcast, Tiny Capital, Permanent Equity, Fort Capital, Matthews REIS, Bonobos, and ConvertKit.
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