Business On Purpose Podcast
Welcome to the 'Business On Purpose' podcast, where inspiration meets practicality in the entrepreneurial world. Join us in exploring the diverse journeys of entrepreneurs, business leaders, owners, and sales experts. Each episode, we're honored to interview these trailblazers, uncovering their initial steps, the hurdles they've overcome, and the mentors who've guided them. Our conversations aren't just stories; they're lessons in what it takes to succeed, the mindset needed to push through challenges, and the strategies that have led these professionals to where they are today. Whether you're an aspiring entrepreneur or a seasoned business person, 'Business On Purpose' is your gateway to learning directly from those who've walked the path. Tune in and discover something new with every story – because here, we learn by engaging with those who've turned their visions into reality. Let's embark on this journey of growth and discovery together, with 'Business On Purpose.'
Business On Purpose Podcast
#25: Building A Legacy, with Cole Barrett
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Barry Barrett
Episode 25: Cole Barrett is Barry's 22 y/o nephew; and is the current Sales & Marketing Manager and Integrator at Auto Excel, in which Cole's dad started and owns.
Cole's Leadership Role:
- Cole discusses his current leadership roles at Auto Excel.
- He serves as the marketing and sales manager, and he is the Integrator involved in implementing EOS (Entrepreneurial Operating System).
- Barry clarifies that Cole is the integrator, responsible for implementing the EOS system.
Parent-Child Dynamic in Business:
- Barry and Cole discuss the unique struggles of being the son of a business owner, Mike Barrett.
- Cole mentions the challenge of balancing business discussions with family dynamics and the need for unbiased communication.
- He shares how he initially faced the perception of being the coach's son who received preferential treatment but worked hard to prove his capabilities.
- Barry affirms that their family operates based on meritocracy, emphasizing that coming from the Barrett family means being held to a higher standard.
Working with Family Members:
- Cole talks about the complexity of working with family members; including his dad, his uncles and his nana (grandmother).
- He acknowledges the need for distinguishing between personal and professional relationships.
- Cole explains how his role as a family member in the workplace sometimes requires him to deliver tough feedback and make difficult decisions.
- Barry adds that their family excels at maintaining strong relationships while handling tough conversations.
Discipline and Nurturing Relationships:
- Barry and Cole highlight the importance of love and nurturing relationships in their family and work environment.
Cole's Leadership Vision:
- Barry commends Cole's wisdom and maturity as a young leader.
- Cole discusses the current state of the shop and his aspirations for the future.
- They mention the setbacks faced by the business and their goal of expanding Auto Excel to other locations.
- Cole emphasizes the importance of setting and tracking goals on a daily basis and mentions the overall growth the business has achieved.
Conclusion:
- Cole shares his personal focus on self-improvement, including reading books recommended by Barry and Mike.
- Barry expresses confidence in Cole's leadership abilities and their potential to work well together.
- They conclude with a positive outlook on the future growth of Auto Excel.