James Sellers returns to the show to briefly discuss what’s been going on with his business Sellmark before we dive into the main topic of this week’s episode: the challenges of global manufacturing. James shares why he has to constantly follow geopolitical news and how recent wars have impacted his business, and also shares his perspective on the potential of America leaning into incentivizing domestic production over international. James and I also discussed how he manages business relationships with his international manufacturers and his process for ensuring quality.
Join us this week on P&L to learn all about the high-wire balancing act that is global manufacturing!
Contact James at communications@sellmark.com
"One of the challenges, I think, with international business is it is about relationships, but it's also about process, procedures; you have to have your business practices buttoned up. There's no room for error." - James Sellers
This week on Priorities Lifestyle:
Going From $500 to $100 million in sales
The Complexities Of Global Manufacturing
The Pros And Cons Of Producing Domestically
The Impact Of Geopolitics On Manufacturing
Ensuring Quality In Global Manufacturing
Our Favorite Quotes:
"When times get tough, you start selling." - James Sellers
“So, you know, there's a life cycle of a business. It extends past our life cycles. So therefore, as a life cycle of a business, of a founder, owner, CEO, it becomes very, very crucial that you start developing that leadership that's going to be able to then go on and take it to the next, take it to the next level.” - Rob Schulz
"If you are running a business as a family or an individual, and you look at the capital the company is accumulating and you possess that as yours, it changes your thinking. But if you are a CEO hired to run a company and look at those assets, always focusing on the best utilization of those assets, the fact that assets exist, they're worth something, doesn't bother you." - James Sellers
About Rob Schulz and P&L Priorities & LIfestyle Podcast
The P&L: Priorities & Lifestyle Podcast is a show for business owners. In each episode, host and financial planner Rob Schulz sits down with business owners and the professionals that serve them to talk about business building, life, money — and the all-important transition out of the business, which inevitably happens to everyone who has ever founded a company.
Email Rob at rob.schulz@schulzwealth.com with questions and comments, or to schedule a one-on-one conversation.
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*You’re listening to P&L: Priorities & Lifestyle with your host Rob Schulz. Rob is the Founder and President of Schulz Wealth. All opinions expressed by Rob and his guests are solely their own opinions and do not reflect the opinions of Schulz Wealth. This podcast is for informational purposes only and should not be relied upon for investment decisions. Please refer to our website for more information: schulzwealth.com.
