Ep108 Phill Powell Partner Express Employment

In this episode of the Default Profitable Podcast, host Matt Nettleton interviews Phil Powell, a partner at Express Employment Professionals. Phil shares his journey from being a staffing consultant to becoming a partner in the business. He discusses the importance of defining personal and professional goals, the transition from employee to owner, and the financial responsibilities that come with ownership. Phil emphasizes the need for aspiring business owners to understand their motivations and the significance of succession planning in business. The conversation highlights the mindset shift required to think like an owner and the proactive approach needed to ensure business success.   Takeaways

• Defining personal goals is crucial for career progression.
• The partnership conversation was initiated over coffee with Mike, his mentor.
• COVID-19 delayed the formalization of Phil's partnership.
• Thinking like an owner involves evaluating investments in people.
• Aspiring business owners should understand their motivations.
• Succession planning is essential for business continuity.
• Phil emphasizes the importance of financial literacy in business ownership.
• The transition to ownership requires a proactive and aggressive mindset.

You can learn more about Phill on linkedin https://www.linkedin.com/in/phillpowell/ or his company website https://www.expresspros.com/indysouth/ 

Subscribe to the Default Profitable podcast on your favorite podcast platform or visit http://defaultprofitable.com for 100+ episodes about how Indianapolis businesses get built