Dan Fairbanks sat at his desk sweating about whether to pay invoices or pay for inventory. This moment birthed an industry-shifting idea for small retailers! A serial entrepreneur, Dan has started over seven companies, including a running store chain, an e-commerce marketplace, and a point of sale software company. In this episode, Dan shares personal truths like how he learned the hard way that ego can keep us from personal and business growth, how we had to let go to manage better, and how a scarcity mindset keeps us from the next level. Tune in for how Dan shook up his business, capital limitations, and himself.
About my guest: Dan Fairbanks is a visionary entrepreneur and investor working to change how local retail and e-commerce businesses work fundamentally. Knowing firsthand how hard it is to succeed as a local retailer and e-commerce store, Dan is now on a mission to create a world where shopping local retail is remarkable and operating a small retail business is low risk, profitable, and fun. To achieve this vision, Dan co-founded Thatch with the mission to fundamentally change the way small retailers and brands collaborate and finance inventory. Additionally, Dan also wants to educate retailers on the core changes they can make to thrive as a small business. Dan lives on Bainbridge Island, WA, with his wife, Heather, and his three children. You can connect with Dan on LinkedIn at https://www.linkedin.com/in/danfairbanks/
About the host: Following a successful career as CEO, Bobby sold his business to a publicly-traded company. In what he calls his “second half of life”, Bobby seeks to pour Biblically-based principles into growth-minded business leaders.
Through Values-Driven Leadership, Bobby serves as an Executive Coach and Training Consultant for organizations. He shares many of his principles and practices through a weekly blog, the True North Business podcast, and through three books he has authored: