Thriving In An Ever-Evolving Industry (with Brian O'Neil)

Brian O'Neil is the CEO of Industrial Power LLC, a business his father founded and he successfully runs today. Brian and I talked about the differences between selling vehicles to consumers and businesses, what he learned from the Air Force that still impacts the way he does business today, finding his way to this industry, and taking over his father's business. He also has to deal with challenges unique to his industry, like changing technologies and managing inventory, and we dive into the strategies he's implemented that have worked in the past few years and during COVID.

Join us this week to learn how to thrive in an evolving industry!

Contact Brian at briano@iptruck.com

"It's much easier to grow through acquisition. Where there's a team that's already built, there's a customer base in place, there's a facility that is ready to go." - Brian O'Neil

This week on Priorities Lifestyle:

• Focusing on long-term success

• Embracing changing technologies

• Taking over the family business successfully

• The difference between consumer and business dealerships

• Thriving in an evolving industry

Our Favorite Quotes:

• "It's the people. So having an exceptional team that can deliver exceptional service is how we're going to punch our ticket." - Brian O'Neil

• "A successful transition from a generational standpoint can take a lot of time." - Rob Schulz

• "We embrace the discomfort, we embrace the change. We are really built to turn on a dime with our team, take advantage of opportunities. Instead of fearing being uncomfortable, we embrace it." - Brian O'Neil

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.