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Episode 1: Warren Stevenson MFP Resources
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Warren Stevenson is a veteran of the bulk fuel industry, serving Alberta and Western Canada. He's owned and operated MFP Resources for 22 years as they've steadily grown in that time. We chat about his background, his investment strategies, and his philosophies on business and life.
Special thanks to Yardstick for lending me their recording studio.
*If you only have 5 minutes, listen here to know why he only invests in things he finds interesting OR listen here for his reasoned approach on change, sales, and being a small company. Show Notes 5:45 – Personal growth over the years and early career beginnings 7:00 – Growth in response to customer needs 10:00 – Listening to customer needs and acting on them 11:45 – Providing the same level of service to everyone 12:30 – Biggest waste of time in the bulk fuel transport industry today 14:15 – The non-traditional sales approach 15:40 – “When you’re through changing, you’re through.” 16:00 – The beauty of being small 17:00 – Filtering signal vs noise: how he doesn’t overreact 18:30 – Value of interacting with other business owners 20:00 – Using psychology and mimicking when dealing with people 21:45 – Cost of technology and technology disasters 24:30 – Giving people responsibility and the value of learning from others’ mistakes 26:15 – Hiring for the strengths you don’t have 28:30 – Why Warren loves Dragon’s Den 29:15 – Why he invests in businesses not related to his own 32:15 – Filtering investments by interest 33:30 – Things he’s seen and learned from good investments 35:15 – Overcoming personal challenges by learning from those around you 38:00 – How proper training has made his businesses life easier 39:45 – Comparing motorsports to everything else 43:00 – Learning best around things you enjoy2 episodes
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