Episode 267: Acquiring An Entrepreneurial Business Acumen, Part 1 of 4

Words I would use to describe my mother, Rosemary Adeline (Welle) Meyer: loving, kind-hearted, and generous in spirit, always giving to others. She was a devoted wife and mother and a devout Catholic (lived this life preparing for a life in heaven), instilling and role modeling a strong moral faith-based foundation in us six kids.

She was a homemaker extraordinaire; cleanliness was next to godliness. We grew up in three Minnesota homes. A house in Bloomington, Sauk Centre, and dairy farm in Parkers Prairie, each house impeccably maintained. She always made sure we had plenty of home-cooked, garden-fresh (a one-fourth acre garden), canned food, and baked goods. She was known as an award-winning bread maker and cake decorator. Mom made sure each home had smelled of fresh home-cooked meals and cookies, cakes, pies, muffins, puddings, cupcakes, brownies, and all sorts of other seasonal delights.

Mom was a dedicated home health care worker after raising six children and volunteered at St. Williams Catholic church for over forty years. She could count on one hand the number of times she missed church before Alzheimer’s disease ceased her ability to go to church the last year of her 82-year-life. She crossed over peacefully as my sister, Joan Ronning, prayed and sang to her on March 10 of 2020. Mom, rest in peace.

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 Today’s Guest Mentor: Multi-venture entrepreneur Jim Conn grew up in Alexandria, MN. Twenty-three miles from Parkers Prairie, where I graduated high school. He had a much different upbringing than I did that shaped his entrepreneurial life. Lakehouse living vs. dairy-farm life. You will notice in our four podcast conversations how Jim acquired his entrepreneurial business acumen traversing six decades. In this conversation, we explore Jim’s adventurous upbringing and resilient family, as he describes how his life took shape before he joined the family business of Wood & Conn Corp. in 1973.

Jim’s entrepreneurial spirit took hold at age 8 with a burning need to earn some nickels to ride his bicycle to the Gang Plank/Triple R/Rolling Roller Rink to buy an Orange Crush caramel roll or candy bar. Norm Lund of Lund’s Bait Shop recognized Jim’s need and casually mentioned that he would be willing to trade some nickels for frogs and angleworms. Norm became Jim’s very first customer. Jim initiated a pesticide spraying summer business at age 12 from their 13-acre lake property. Lake homeowners were able to get rid of those pesky mosquitos with Jim around. Businesses discovered in a resort area by a resourceful budding entrepreneur. DOWNLOAD

His life sounds quite picturesque, like you might imagine Lake Carlos to be in the middle of a resort area. A different picture began to emerge as he described his parent’s public and private personas and mental health challenges. Women with depression were treated with harsh remedies in the 1950s. You will learn what happens to his family and how Jim self-medicated to ease the emotional disruption and homesickness caused by traumatic separation.

A few years later, a brief stint in jail provided a wake-up call Jim responded to with a lucky break and a well-written letter. “Entering the United States Air Force,” Jim says, “saved his life.” We discuss how he met Anita Nelson at the University of Minnesota and their life after college with the U.S. Navy. How did Jim convince Anita to move from Hawaii to Fargo, N.D.? What was the draw?

We conclude with Jim facing some brutal facts about his role as a father of three. And hear some of the tradeoffs with early financial success within Wood & Conn Corp. when Jim figures out how to grow the business from $300,000 in annual sales to $4M.

BACKGROUND. Jim’s Dad, Clair Conn, co-founded Wood & Conn Corp. with Walter Wood in 1947, after WWII. Jim was five years old. That is about the time they moved to their Alexandria Lakehouse. Clair ran the Fargo, N.D. branch from Alexandria, and Walter ran the Redwood Falls branch, both locations selling quality farm equipment. Eventually, the two sons, Dave Wood and Jim Conn, would run the business. Tim Gilk bought Wood & Conn Corp. from Dave Wood in 2006.

Tim Gilk was a Guest Mentor earlier this year. Laurie Healy, also a Guest Mentor, is Jim’s daughter. You can find both Guest Mentors’ podcast conversations in the Episode Resources.

Before I start our conversation, with permission, I read Jim’s tribute to his business partner, Dave Wood, who passed away in 2020. Dave Wood was a mentor to Jim and Tim Gilk. A mentoring relationship with a smooth baton toss from Dave Wood to the next business owner, Tim Gilk. Tune into this meaningful conversation.

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Episode Resources

Conscious Attentive Leadership Mentoring

After listening, do the following three C.A.L.M. Activities:

  1. Take this risk or do this adventurous task: Resiliency was a theme in today’s conversation and part of Jim Conn’s legacy. To be resilient, we need to stay on our own side. Start with positive material/feelings by recalling a memory of when you were on your own side, even during a negative experience. Stay with the positive material for a few minutes as you slowly breathe in and out. This could be as simple as recalling a kind word that brought a smile to your face. Allow this positive recall to sink into you by sensing it and deeply feeling it, even expanding the feeling. (this exercise was inspired by Rick Hanson, Ph.D.
  2. Apply Self-Compassion: Allow a sense of joy to emerge as you continue to sense this positive memory. Notice if there is a negative feeling in another part of your mind and let it be there while staying with the positive experience. Observe your brain’s ability to hold two diametrically opposed experiences and feelings at the same time. If possible, imagine the positive material touching the negative feeling like loving-kindness seeping into sorrow. Maybe the loving-kindness dislodges the sorrow, and it dissipates and vanishes without any story around it. You just feel full of loving-kindness. If the negative feeling becomes more extensive than the positive feeling, go back to the positive feeling. Enjoy it. Stay with it as long as you like to soothe, reduce, or replace negative feelings with positive ones before moving on with your day.
  3. Welcome Appreciation:

    “I appreciate bringing in neuropsychological experiential learning exercises to help you grow inner strength. I first try them out on myself before tailoring them for others. I appreciate the courage and authenticity Jim brought into our conversation. I appreciate the positive energy we shared as we steadily discussed the tender aspects of his life experiences. I appreciate you being with me on this journey. I appreciate the beautiful memories I will carry forward of my Mom.”

     Your Turn. Start with I appreciate…

“Emotional sickness is avoiding reality at any cost. Emotional health is facing reality at any cost.” – M. SCOTT PECK.

Equip yourself with facts, feelings, and a mentor as you reinvent (or evolve) yourself as you redesign your business. When WeMentor… your life gets better!!! Mentoring WORKS.

Podcast Guest Mentor

With a respectful sales personality inherited from his father, Jim Conn began his professional business career in 1973 as a salesman for Wood & Conn Corp. Educated as a Mechanical Engineer by the University of Minnesota, Jim arrived on the business scene with abounding enthusiasm – but little business sense. Over the next 40 years, Jim encountered numerous reverses in business that often took him to his knees – but never broke his spirit. Jim estimates that he has directly hired over 300 individuals during his career. Jim had a knack for identifying gifted youngsters who had the talent to succeed in the most technical businesses he either owned or managed. His most tremendous pride and accomplishment was not just hiring talented individuals. Still, the hundreds if not thousands of years of lifetime employment created for all of those individuals at all of those businesses. Jim also used his private plane to pilot trips that brought him around the world.

In the photo:  Jim and Anita with Laurie, Jackie, Brian, Clair, and Monica Conn, 1977.

VOLUNTEER “ASSIGNMENTS” (and KAXN, 6,500 Flying Hours: Commercial/Instrument)

    • 2010 – Present: SCORE Volunteer Sponsored by the SBA – free confidential consulting of small businesses in the west-central region.
    • 2018 – 2020: Chief Fund-raiser & Business Manager for $1.5M Veterans Memorial Park in Alexandria, MN
    • 2018 – 2019: Veterans Airlift Command – fly veterans to medical appointments in the Upper Midwest
    • 2019 – Present: LifeLine Pilots – fly individuals to medical appointments in the Upper Midwest
    • 2019 – Present: Ida Lake Association Director
    • 2021 – Present: Angel Flight Central – fly individuals to medical appointments in the Upper Midwest
    • 2021 – Present: Airport Support Network (ASN) for Alexandria Airport
    • Flies 1978 Cardinal Classic N1375C 100+ hours/year
    • AOPA Hat in the Ring Donor
    • Vikingland Flying Club Supporting Member

Episode 267: Acquiring An Entrepreneurial Business Acumen, Part 1 of 4

Nancy A. Meyer, M.A.
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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