2024-03-27 00:19:36
Private equity insights for and with top business builders, including investors, operators, executives and industry thought leaders. The Karma School of Business Podcast goes behind the scenes of PE, talking about business best practices and real-time industry trends. You'll learn from leading professionals and visionary business executives who will help you take action and enhance your life, whether you’re at a PE firm, a portco or a private or public company. BluWave Founder & CEO Sean Mooney hosts the Private Equity Karma School of Business Podcast. BluWave is the business builders’ network for private equity grade due diligence and value creation needs. To learn more, visit: https://bit.ly/3oPBjs8
Welcome to the Karma School of Business, a podcast about the private equity industry, business best practices, and real-time trends. This is a very special episode where we compile guest takeaways from one of my most favorite topics on the podcast, life hacks, gizmos, and gadgets.
Our listeners and I all have crazy lives, and, like most of us, we're constantly looking for that 25th hour in a day. With this perspective in mind, I've become a connoisseur of little things that just make life a little easier, a little more interesting, more fun. So today we're sharing some of the very best ideas that you can use via our top PE Business Builder guests. Enjoy.
First up is the one and only Erika Blopp, founding partner at Brighton Park. Erika shares a life-changing approach to help, one of the things that evades me most when traveling, sleep. I've battled sleep while traveling for way too many years, and I think Erika may have cracked the code.
I'd say cold plunging, but at this point that's become everyone's life hack, but I really do believe in it and I've become a big proponent of it. But one of the things I do is I travel a lot, so I'm always looking for anything that can make travel easier, changing time zones, sleeping in loud, noisy hotel rooms. So one of the things I've done, I actually have a small pillow that I take with me everywhere. I guess it's a little bit like a teddy bear, but it's really comfortable because if you have a bad pillow in a hotel room, overnight it's shot. So I roll it up really small and I can stick it in a carry-on bag, but that's made a huge, huge difference.
And there's a particular pillow, it's called Sleep Crown. It's a small business.
I'm clicking buy on Amazon, like as we speak. No, I don't even know if you can buy it on Amazon.
She's got her own website, but it's a phenomenal pillow. It also, you can put it over your head and it drowns out noise. So highly recommend. And then the other thing that I recently learned about, that a lot of people have told me since that they didn't know about either, but you can turn your iPhone into a white noise machine. So I used to travel with a white noise machine too, that used to be, that would have been my life hack, but in the settings accessibility part of the iPhone, you can now just have your own white noise machine.
Those are great. Particularly when I'm, you know, staying in hotels in New York, which are not the quietest places. I'm going to find that feature, and I love your sleep life hacks. I'm going to buy that pillow and then find where I can get that white noise on my phone, because I am in the constant battle, probably like a lot of people in our industry, for sleep. And particularly when you travel, it was interesting, I went down this, like probably a lot of us do, this rabbit hole, like why don't you sleep when you travel?
And the rabbit hole that I went down informed me that it's basically a genetic latency from thousands of years ago, when we were tribal species, when you would leave your village, it's danger. And so your body never goes into full sleep. And this is just something that goes back. And so when you're traveling, you're not in your house, your body goes in, it won't go into the deepest modes of sleep. So my hypothesis now is if you bring your pillow with you, can you trick your body into thinking like, no, you're at home.
And so I'm going to try that out. I don't know if it'll work.
The only problem, too, is now. I was traveling recently, I ran the Chicago marathon. And so sleep was very important that night before, so I brought the pillow and then I left it in the hotel room. And so now I have this really big fear of leaving this pillow anywhere. It's like the Holy Grail.
It has to come with me everywhere I go, or else it's stressful. Where's the pillow? Who has the pillow?
You just have to get three of them.
Exactly. Exactly. No, that's true.
Next up, we have Andrew Joy, partner with Hidden Harbor Capital Partners. Andrew shares a life principle that's bound to work. As much as I like gizmos and gadgets, Andrew does a great job of bringing us a foundational maxim.
You're going to hate this answer, but I'm going to say it anyways. I think the more important message, there is so much narrative out there about get rich quick, make life easier, a five hour work week, Hustlers University. Our kids and young adults are just inundated, inundated, inundated with all this stuff in this social media and these advertisements to convince them that there's a hack or there's a shortcut to success. My life hack is just put your nose to the grindstone, work really, really hard, and maybe you'll be successful.
There's no shortcuts or hacks for that.
I think that is very well said. I love that answer, because if it weren't for that, I would not have a roof over my head.
It doesn't mean I don't like the little $12 iPhone holder that I put on the back of the plane.
I'm in the and, versus or bucket on that.
Up. next, we have Dave Fierstein, co-founder and managing partner with Ronin Equity Partners. Dave shares life hacks on two things that have confounded me for years. How to decide what to wear and how to combat shorter battery life. on a device that I use every day with a fair bit of frustration.
This one should resonate on many levels.
I'd say probably the main one that a lot of people will know me for is actually very similar life hack to Mark Zuckerberg. I did not actually know he did this as well until I read about it. after the fact. I hate shopping. I think it's a huge waste of time.
Going to stores, even shopping on colors, sizes, trying things on, all these subscription services is like a massive time suck. I don't have time to do that. So I figured out what I like to wear. Once I figured that out, I bought 10 pairs of everything and I just roll through that. So I have 10 pairs of the same exact shoes, of the same belts, of the same pants, 10 pairs of three different types of shirts, of three different types of blazers, and even the socks.
I've got about 40 different pairs of socks, all exactly the same, and made it very easy. So I'm never the fashionista of the bunch, because it's usually very plain. I usually will either be in dark blue or dark black, and I will look that entirely up to down. So I'm never the fashionista with a bunch of unique fashion trends going on, but it definitely saves me a bunch of time, probably hours and hours and hours of time.
I 100% appreciate that. For mostly that, I'll go to a store once a year and a maybe less amplified version of that. So the socks, I realized, like sorting socks is such a pain in the neck. I can never find the different patterns. And so I would do gold toe for years.
That's my sock.
They're the best. And my dogs will eat my socks too. So they just disappear. So I still have socks on auto delivery from Amazon, but I recently switched to Bombas. And so I think those are my next kind of upgrade.
And so now I'm trying to decide, because now I have two types of socks in my sock drawer and it's driving me nuts a little bit. But that life hack, it's amazing how much it just simplifies things.
No, I think the other thing that was important is like, I need to find a shoe. If you're going to wear shoes, they're going to start to degrade. You need to find a shoe where they will repair your whole shoe for free or for a small cost every single time. So there's not a lot of stores that will do that anymore. So I invested in good shoes.
I have Ferragamo's. I go back to the store, resold the shoe, redo the whole shoe, send it back to me. And so I got six pairs of the same shoe, and I keep doing that every time one goes bad. I don't have time to go to a cobbler or a shoe guy and tell them what I want. They know what to do and you're done.
And so very simple as well.
I love it. No, it's just those simple things in life that just make things a little easier. And the shoe's a big one. I used to buy Allen Edmonds for the same reason, just because they would always fix them for you. But then they put metal shanks in there and they would always ding me going through security.
So I stopped there. Oh, wow. Okay.
So I'm like, all right, I'm done with these. Now I'm going to have to figure out. So I might have to get Ferragamo's. That's something I'll add back into my life. I'm going to replicate that.
And they're very comfortable shoes too.
So that's great.
They're a little expensive, but they're comfortable and you can get them repaired whenever you want forever.
So what about on the technology front? Anything that you're doing there?
Technology front. So I'd say one of the best investments I've made, technology wise, is having two pairs of AirPods. You'd be surprised. A lot of people don't have two pairs of AirPods. They have one pair of AirPods.
You're on the phone all day. And what would happen is because you're on the phone all day, it would die on you. And then you'd have to find another pair of headphones. So I always have two pairs, while one's in my ears, one's charging, and then you just swap them out all the time. It's the best investment.
They keep upgrading them. So every single time they upgrade them, I keep giving the old ones to my wife and keep having to buy new ones constantly. So it's almost like disposable now at this point, AirPods, that was one of my best investments after I did it.
Earlier last year, I did have two sets of AirPods. And that's only because I'm the world's hardest person to shop for. So I got a gift of the AirPods for like my birthday, and they weren't the ones that I wanted. So I secretly went and got the other one that I wanted. And then I recently got busted for it.
So they're like, hey, those aren't the ones we got you like, yeah, they are. So yours is much more purposeful than my accidental version of that.
This episode is brought to you today by BlueWave. BlueWave is the go-to expert of those with expertise. BlueWave connects proactive business builders, including hundreds of the world's leading private equity firms and thousands of leading companies, to the very best BlueWave credentialed professional service providers, independent consultants, and interim executives for their critical, variable, on-point, and on-time business needs. Now back to the episode. Moving on to Gabe Misanza, operating partner with Huron Capital.
Gabe shares awesome advice on something that is near and dear to my head, an approach to remembering the flow of ideas, challenges, opportunities, and follow-ups that occur each day. My leaky bucket has absolutely benefited from this one.
Very recently, I have this mental quirk where I can't remember something that I don't hand write. Maybe I'm just, I've always been an old man, I don't know. I just can't remember something that I can't, that I don't hand write. But once I hand write it, I almost have a photographic memory about it. And so it's just a weird quirk.
And so I've never been able to have, take notes on a laptop, for example. I also don't like being in a meeting, everyone has their laptops in front of them. It's almost like a sheer barrier. It's a barrier, right? I don't like having that to communicate with people.
And so I used to carry a notebook everywhere. And it was great because it got me what I needed, but I couldn't sort of refer back very easily because I would have sequential meetings on different topics and I'd have to go chase it back to remember what date it was. So I just switched over to everything on an iPad. And I went through a couple of those e-readers and figured out I didn't like how they work. And so I decided to just use my old trusty iPad.
And I got a cover for it that has a little bit more resistance to it, so it feels more like handwriting. I use the Apple Pen. And I use an app called GoodNotes that allows me to, you write it down and then you can search against your handwriting. And so it's, I mean, I'm probably maybe four months into this.
Love it. Game changer. Love it.
Game changer.
How good is your handwriting?
Yeah, it's pretty good. I do find myself, again, being an engineer, I'll erase things that I write because I just don't like the way it looked.
Okay.
As I'm writing, I'll just look at it again.
Just your precision in process.
You're getting to learn about my quirks. I'll write something and say, I just don't like the way that word looks. So I'll erase it and write it over again. But also what it allows me to do is I'll go back after a meeting and I'll sometimes rewrite my notes to better reflect the actual point that was versus sort of my stream of consciousness notes. So it's been really interesting to sort of edit the past, if you will, and create something that gives me a little bit more longevity later on.
I'm a convert. That's great.
I'm going to have to look into that, because I certainly, I similarly like to write things down and I have hundreds of these like moleskin books somewhere. I can never find the notes when I need them. So it's really more about getting it into my head in a more efficient way, but I can never go back.
I started using this other app, Todoist, it's called, which is just a to-do list, to be very honest. And you can put classified, you can put dates to it. I'm probably using 10% of the capabilities of the thing. But again, maybe as an engineer, I like the idea of checking things off.
Satisfaction. Yeah.
There's very much satisfaction. I can check that off and it physically disappears from the things to do.
Next up, we had David Hellyer, partner with Bertram Capital. For you coffee drinkers, this one will change the way you drink coffee at home. This one is deceptively, a game changer.
So one is like the stupidest thing, but I'm like so focused on it. I always put my cream in my coffee cup first, because then I don't have to stir anything. I didn't have to wash a spoon. And I'm like super, more efficient. It's like cream goes in first, then the coffee, it's pre-stirred, you're ready to go.
It's like the simplest thing, but like, that's simply brilliant actually.
It's so easy. I never thought of that.
Wait a minute, you had to stop again to do the stir, then you had to throw it away or clean it off. It didn't cause any environment. No stirs were harmed in the making of this coffee.
That is simply and elegantly brilliant.
I figured that one out a little while ago.
That's because it's game changer. Super efficient.
I can get to the end of the coffee line pretty quick.
That is amazing.
Plus, you're reversed too. So like you're hitting the cream and then you're like ready to go.
Yeah. And do you guys use like a Keurig or an espresso, or something like that?
So at home, we're definitely a, you know, build a pot, because, like it's constant. I just want it on demand. Yes. So we're brewing and let it, you know, percolate, and it's always there.
Now the question is, would you take it to even the next level and put it in the pot? Or would that get you in trouble with your significant other? Yeah.
Well, yeah, because she's definitely flavored. I am now an oat milk guy, so I will go half and half sometimes if I'm going to splurge, but you know, you got to leave freedom of choice for the rest of the community. But from an efficiency life hack standpoint, cream goes creamer or flavor goes first.
That's brilliant. I'm going to use it today.
For the next life hack, we speak with Charlie Gifford, senior partner with New Heritage Capital. Sticking on the theme of ways to get more out of our favorite beverages, Charlie shares a really good one for you, particularly for you vino drinkers out there. Give it a try. It works.
Now, I understand that you have been a tremendous innovator on how to aerate wine and it made the national stage. What can you share on that?
That's embarrassing. I guess we are going to go there.
My grandfather was a big wine collector and he taught us at a young age, not a legal age, we all used to have a sip of his wine and he taught us how to aerate wine in your mouth. And it's basically, it's not dissimilar to when you decant wine or you swirl wine in a wine glass. You're trying to aerate the wine as much as possible, not dissimilar to what you do with frothing using it. So it's just trying to introduce as much oxygen into the wine itself. So I used to do that with my, take a big slurp of wine in my mouth and just basically breathe in through your mouth without obviously getting, spilling the wine.
I did it a couple of times. We got to know Kelly Ripa, who's a talk show host, and been with them and her family and her husband on spring breaks a lot. So I do that all the time when I drink wine and she's just fascinated by it, to a point where she talked about it on air for like three minutes a couple of years ago. I got all these emails. I'm like, what are you, people are saying that you're on Kelly Ripa's show.
I'm like, why are you watching Kelly Ripa's show for the middle of the day? Well, I don't even think people would do that, but apparently they did. Anyway, 15 minutes of fame was more like 30 seconds of fame. But anyway, it's pretty amusing.
I love it. You're very atypical in private equity in that you're an influencer, you've got a podcast, you're on a daytime talk show. So clearly a multifaceted person here.
I'm not sure any of those are a benefit at all, but be that as it may, I'll continue to ride the horse that got me in here, for whatever it is that they say.
That's amazing. I'm sure our listeners can find it if they're clever with Google.
Last up for this episode, but certainly not least, we have Doug Horn, Pennington Director with Clarivest. Doug shares an approach to making flying at 35,000 feet just a bit more peaceful. This one has made a huge difference during my planes, trains and automobile jaunts.
Yeah, I mean, I haven't entered the affiliate marketing game just yet. But a couple of months ago, I bought these noise canceling earphones that you see me wearing today. And in many ways, we live probably half our lives on airplanes back and forth. And it's my moment of Zen. You know, you go in, it's loud, you throw these earphones on, you watch a show, you listen to music.
And it's been sort of a way to find some peace in the day when you're on those airplanes or even just at the end of the day, watching a show or whatnot.
I think that's a spot on one. I was recently given the same as a gift. And what a difference it makes on the kind of the noisy, rackety plane and just adding a little bit more peace, you know, and kind of a chaotic, you know, life and a chaotic experience too.
That's all for today. You can find links to the individual episodes in the notes. Please continue to look for the Karma School of Business podcast anywhere you find your favorite podcasts. We truly appreciate your support. If you like what you hear, please follow, rate, review and share.
It really helps us when you do this. Thank you in advance. In the meantime, if you want to be connected with the world's best in class, private equity grade, professional service providers, independent consultants, interim executives that are deployed by the best business builders in the world, give us a call or visit our website at bluewave.net. That's B-L-U-W-A-V-E, and we'll support your success. Onward.
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