Sometimes starting a journey requires a leap of faith because if not now, when? ManufacturingPower’s founder and owner, Mike Franz, shares his thoughts about regret, turning failures into learning opportunities, and how radical gratitude can help entrepreneurs enjoy the journey. He’s also giving an exclusive look at his new manufacturing mobile app, inSuppli, which will revolutionize how manufacturers search, find and buy parts. This episode is packed with a whole lot of encouragement, laughs over A.I., and candid conversations about marketing misadventure, and how incorporating Hubspot and other technologies can help small business manufacturers and small teams be better marketers.
ABOUT MIKE FRANZ
Mike is the owner and Founder of ManufacturingPower, a platform that provides price and delivery data for industrial supplies. He started ManufacturingPower with a vision to help small to midsized manufacturers optimize spend management by leveraging true peer-to-peer data that spotlights cost savings opportunities.
The ManufacturingPower team is currently testing a mobile app that they believe will revolutionize the way companies will search, find, and buy industrial supplies. By highlighting local inventory, this app should be a game changer for distributors and buyers alike!
HIGHLIGHTS
- 02:49: Learn more about the mobile app, insuppli.
- 13:42 - “Life is pretty darn good.” Failures and regrets are opportunities to learn and grow. Mike reminds us to fail fast and turns them into positive moments.
- 16:47 - Radical gratitude, the mindset that entrepreneurs need.
- 18:55 - Check and adjust, the importance for business owners to pivot.
- 22:14 - Be a sponge and willing to learn from people. Mike talks about building a network of people with different ideas and who are smarter than you.
- 23:53 - Staying on top of the latest technology.
- 29:35 - Mike discusses how HubSpot has positively impacted his business and his version of the K.I.S.S method.
- 34:44 - Effective marketing should be done in phases and have consistency. Nicole shares how manufacturers and business can market better.
- 35:34 - Mike opens up about the assumptions he made early on and how having the wrong market fit set him back.
RESOURCES & LINKS
- Connect with Mike Franz via email mike@manufacturingpower.com or on LinkedIn at https://www.linkedin.com/in/mikefranz1/
- Learn more about ManufacturingPower and insuppli at https://manufacturingpower.com/
- Reid Hoffman’s LinkedIn article about building a plane while your falling https://www.linkedin.com/posts/reidhoffman_if-entrepreneurship-is-like-jumping-off-a-activity-6791374655509798913-PTCu/
- Discover HubSpot https://www.hubspot.com/
- Connect with Nicole on LinkedIn at www.linkedin.com/in/nicole-donnelly-dmg
- Learn more about DMG Digital at dmgdigital.io
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