In Chetek, Wisconsin we learn from Philip Mattison, president and founder of CORE Products International, Inc., unique insights into business ownership. I love the creativity he applies to each situation. He is constantly on the move to connect with people and do great things. He makes sure employees are connected with each other and their work. DOWNLOAD
In this conversation we focus on maximizing relationships through business groups and with sophisticated bankers. He describes how he takes a 5-year plan and breaks it down to a one-year scorecard and where he learned this methodology. Manufacturing companies have a lot of inventory to turn out and turn over. We talk about ratios and inventory and how to best utilize a banker’s expertise.
Referrals and real in-person relationships have been an integral part of how Phil does business. His CPA led him to a business banker. What kind of relationship could you have with your banker?
- Discover how you can save money by working with a sophisticated banker.
- Learn key questions to ask bankers. Banks produce your data, why not have a year-end review and get a banker’s perspective on your industry and your numbers?
- We get into debt to equity ratios, inventory sales, how quickly inventory is turned over and how banks assess the amount you qualify for in getting a loan.
- How big is Phil’s leadership team? Who joins him on financial meetings?
A fun fact, Phil is an instructor pilot and flies groups up to Churchill, Manitoba, Canada through Adventure Sea Planes. He is an adventure seeker and would love to show you a beautiful and remote area known as Polar Bear Town. A website is listed in the resource section below.
Business groups pay huge dividends for Phil. You can benefit by joining one of my LABs. I am interviewing for 2019 WeMentor Entrepreneurial Leadership and Mentoring LABs. You can experience leading with grounded confidence and get resources you need right now. Our focus is on where you are at and where you are going. We have a one-year process to catapult you forward as you build an innovative, curious, and productive work culture and acquire the leadership skills to reach your goals. If you sign-up before this year’s end you will save $500.00!
Mentoring Tips
After listening to our conversation, activate what you learn:
- Our First Podcast Conversation HERE!
- Set-up an appointment with your banker before this year’s end.
- Get involved in a LAB. Become the leader you have always envisioned yourself to be. WeMentor LABs HERE!
- Subscribe to this podcast. You get special discounts on WeMentor activities, especially one-on-one mentoring. Subscribe HERE!
Episode 147 Phil’s Unique Insights For Every Business Owner CORE Products International Contract Manufacturing Opportunities
Podcast Sponsor
Resources
- Adventure Sea Planes is what Phil flies as an instructor pilot and trip organizer. Adventure Sea Plane Video Clip
- Book, Traction by Gino Wickman Traction
- Business Groups we discussed:
- Phil’s Presentation
Podcast Guest Mentor
About Philip Mattison. Core Products International, Inc. was founded in 1988 by Phil with the idea that therapeutic products should be comfortable to wear and easy to use (combining therapy and comfort). They are proud to manufacture products with quality and care in the United States and Canada.
It all started when Core’s Founder and President, Phil Mattison, had a sore neck. Upon learning that his discomfort stemmed from an improper sleeping position, Phil worked with his Chiropractor to develop a new kind of spinal support pillow. Since the successful launch of their first pillow product in 1988, Core has developed or acquired several other pillows that are widely recognized as “best in class” for cervical support and comfort. These top selling products include their Tri-Core® and Therapeutica® sleeping pillows.
Over the years Core has expanded well beyond pillows to offer innovative orthopedic supports and braces, hot and cold therapy products, OTC electrotherapy units, massage products, and more. These products are engineered and designed to exceed the needs of people who are suffering from pain and discomfort. In fact, their purpose and passion are to “make YOUR life more comfortable.”
At Core they also take pride in making products easy to market and sell. They offer distributors and retailers a full suite of customizable sales tools including retail ready packaging, point of purchase display aids, customized literature, electronic marketing tools, educational videos and much more.
Episode 147: Phil’s Unique Insights For Every Business Owner
Author: Nancy A. Meyer, M.A.
Nancy A. Meyer, M.A., is a seasoned entrepreneurial leader, business and life mentor/coach/teacher, podcaster, author, and certified mindfulness yoga and meditation integrator (she integrates those skill sets into everything). Nancy’s compassionate and collaborative approach reinforces resilience while maintaining accountable conversations supporting how you redefine your lead while redesigning your business. Nancy calls this “Dual Innovation Leadership.” Nancy founded WeMentor, inc. in 1992 to change the leadership in our country by providing emerging and existing business owners with mentoring in Dual Innovation Leadership. She has mentored thousands and is eager to work with you! Assert self-leadership and get started today! Clients say, “Nancy is a compelling, engaging, and ‘decipher the trees from the forest’ kind of mentor, speaker, and leader. A dedicated entrepreneurial leader and mentor who role models what she preaches. Her style and candor enrich the content she delivers and the results clients experience.” Nancy accepts people where they are while inspiring them to breakthrough into new dimensions: As an Entrepreneurial Leader (Innovator), As a Competent Business Owner (Practitioner) As a Mentor (Role Model) As a Spiritual Being and Self-Leadership Master! Start by subscribing to WeMentor Mondays with Nancy PODCAST. Join your peers and...
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