The latest episode of the "Failing to Success" podcast hosted by Chad Kaleky, with Cosmic Design and Development, features Joe Frankie from JFIII Associates, a transition and branding company that helps people achieve their goals. Joe shares his experience of working on a cooperative joint venture with Chinese partners to do wastewater treatment infrastructure in the late 2000s, which was eventually unsuccessful due to the financial upheaval of the Lehman Brothers collapse. Although the project failed from a financial standpoint, it was a huge success in terms of learning for Joe, and he shares some key takeaways. He emphasizes that you can plan and think through everything, but force majeure things, such as a major upheaval in the financial markets, can happen, and you need to be able to move left or right when that happens.
Joe's experience has taught him that there are cul-de-sacs in the business world, and when you come across one, the only way out is to back up and move left or right. He also shares that he came from a military background where failure is not an option, but in business, things can be unpredictable. The podcast is an excellent resource for entrepreneurs, business owners, and anyone interested in learning from other people's experiences. It is a great reminder that even though things may not always go according to plan, there is always something to learn from failure.
Overall, the podcast episode with Joe Frankie is an insightful conversation about the business world, dealing with failures, and how to learn from them. Joe shares his experience of working on a cooperative joint venture in China, which was ultimately unsuccessful due to the financial upheaval of the Lehman Brothers collapse. He emphasizes the importance of being able to move left or right when force majeure things happen and how there are cul-de-sacs in the business world. This episode is a great reminder that failure is not the end, but it is an opportunity to learn and grow.
Timestamps:
00:00:00 Intro
00:04:59 Advice to New Entrepreneurs
00:06:45 Contact Joe
