Chris Powers - Focus on What Youre Good At - Ep.192

Published: Oct. 10, 2023, 10 a.m.

Ep.192: Alex (@aebridgeman) is joined by Chris Powers (@fortworthchris).\nMy guest today is Chris Powers, founder and chairman of Fort Capital, an industrial real estate investor based in Fort Worth, TX. Chris is also the host of The Fort Podcast, which I was a guest on just last week and we\u2019ll link to that episode in the show notes. Chris has built an amazing real estate firm and recently promoted his business partner Jason to CEO so he could step into a chairman role. We talk primarily today about his role as a leader in Fort, but we also recorded an episode together a few years ago with a focus on his investing strategy \u2014 episode 70 from June 2021.\nThis discussion centers around what he\u2019s learned running Fort, both as CEO and Chairman, including tactics and strategies that have been effective, how organizations scale, looking up to peer businesses and modeling the path there, identifying what you\u2019re good at, and mentorship.\xa0\n\nListen weekly and follow the show on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.\xa0\nLearn more about Alex and Think Like an Owner at https://tlaopodcast.com/\n\n\ufeffI want to tell you about our audience survey we are currently running. These surveys help us create the best content for listeners and better understand your needs and interests. Thank you in advance for sharing your feedback, we greatly appreciate it. After 30 days we are giving $250 cash to 4 survey responders, just add your email at the end of the survey.\nTake the survey here: https://bit.ly/3QLBB1N\n\nLinks:\nChris on Twitter\nThe Fort Podcast\nAlex's appearance on The Fort\nFort Capital\nChris' first appearance on TLAO\n\nTopics:\n(00:00:00) Intro\n(00:05:11) Chris\u2019 elevator pitch\n(00:06:22) What drives your passion for thinking?\n(00:07:45) Are there any companies or people you study and learn from?\n(00:10:10) Are there any common mindsets at places like Berkshire and Blackstone?\n(00:13:06) What feels risky to Fort Capital that wouldn\u2019t feel risky to a Blackstone?\n(00:14:47) Are there any dangers to studying people or companies who are 10-20 steps ahead of you?\n(00:17:19) How do you identify \u201cyour way\u201d?\n(00:20:09) How did focusing only on industrial real estate lead to massive growth?\n(00:27:09) What do you notice from folks who remain as the CEO as they get from 0 to 1?\n(00:29:11) Fear of delegation\n(00:35:20) How has the flywheel spun since you stepped out of the CEO role?\n(00:39:03) What have you done to sideline your ego in decision-making\n(00:42:58) Where have you drawn the line between your decisions and those of the CEO?\n(00:46:50) What have you learned about healthy disagreement?\n(00:48:43) How do you get people to understand that disagreements aren\u2019t personal?\n(00:51:43) What are some ways you\u2019ve found to be an effective mentor?\n(01:01:02) Chris\u2019 experience with executive coaching\n(01:04:30) What skill are you hoping to achieve over the next year?