In this episode, Brad Nelms, founder of TekX, shares his journey from a 20-year career in entertainment behind the scenes to launching his own consulting business. He discusses the real challenges and lessons learned along the way, including managing business operations, leadership challenges, adapting to industry shifts post-Covid, start up sales and leveraging technology like AI.

Main Topics Covered:

• Brad’s background in the entertainment industry and decision to start his own consulting firm
• The importance of infrastructure setup and setting realistic expectations for growth
• Navigating financial and legal complexities as a solo entrepreneur
• The impacts of Covid-19 on supply, demand, and industry practices
• Lessons learned from past corporate roles applied to his new business
• The role of AI and technology tools in small business operations
• Managing burnout and understanding the importance of work-life balance
• Building reputation and trust through consistent customer relationships
• Scaling challenges and strategic decisions on choosing software solutions
• Brad's advice for aspiring entrepreneurs and maintaining a positive mindset

Timestamps:

00:00 - Introduction and Brad's background in entertainment and consulting

02:04 - What motivated Brad to become an entrepreneur

03:26 - Managing family life and transitioning from burnout

04:49 - Brad’s business model and his vision for flexibility

06:07 - Lessons from corporate roles about processes and infrastructure

07:01 - Challenges with payment processors and legal considerations

09:05 - Balancing work hours and discovering ADHD impacts

10:16 - How ADHD awareness has influenced Brad’s business practices

13:09 - The post-Covid challenges in entertainment and supply chain delays

14:59 - How industry shifts have affected supply and demand cycles

17:35 - Brad’s reflections on business success and revenue fluctuations

18:49 - Economic uncertainties and planning for volatility

23:36 - The impact of global crises on industry and personal safety

23:53 - Brad’s perspective on technology, AI, and data analysis

25:46 - The importance of scalable software solutions

36:39 - Advice on selecting the right tools for growth

40:16 - Mistakes Brad would avoid if starting over

42:21 - The effects of self-employment on quality of life

44:41 - Managing stress and the importance of support systems

45:00 - Brad’s advice for new business owners

47:25 - The value of reputation and networking

49:16 - The art of listening to customers and solving real problems

50:28 - Brad’s vision of success in five years

52:22 - Recognizing burnout and the importance of self-awareness

53:45 - Brad’s golden rule for success: reputation and time management

55:09 - Rapid-fire questions: preferences on tech, travel, lifestyle, and more

Resources & Links:

• TechX Consulting