Jan 24, 2022
In this episode of the Millionaire Mindcast, we have an incredible guest, Nathan Foy who shares and talks a lot of cool stuff on the transportation business, the psychology of how he created an industry, his wins and losses, learning lessons in the entrepreneurial world, and building wealth, tactical strategy in business psychology, and how he created a balance in life
Nathan Foy is a man of faith, entrepreneur, founder, and CEO of Fortis, a nine-time Inc. Magazine honoree, and one of America’s fastest-growing companies in business travel services. Also, offers a higher level of security to rich and wealthy people in the world through a secure communications system. He is also the author at What Rich Clients Want (but won’t tell you)
In providing travel services, Fortis always made sure the clients not just travel and gain personal experience but with security arrangements. They called themselves “ninjas” for most discerning travelers in the world.
At the back of this success are lots of failures and disappointments. It took 20-years of grinding for Nathan to reach where he is right now. But his passion drives him to pursue his business. Nathan has grown up as a leader and business owner. He feels like this is what he's calling.
In building Fortis as a huge organization, Nathan also builds a stronger and unique culture. He created an environment where people can build themselves to become something great. To him, asking and sharing successes, failures, and feedback will help everyone improve. Accordingly, a culture survey is very important. He believes that it’s not always ROI-based but solves a lot of problems!
Some Questions I Ask:
Talk a little bit about your journey in founding Fortis. (04:06)
How did you handle that journey to finding Fortis along the way, and what kept you going there at that time? (06:25)
What has been in your world you believe is the greatest skill that you brought to your organization that made you guys successful? (10:24)
How have you been able to keep that consistency, discipline, and convection around what you think is right for the company and the vision? (12:03)
What does that balance look like for you being a CEO in a large organization and your weekly rhythm for yourself? (14:44)
What does the company culture look like at Fortis? What makes you guys different? (16:01)
What are some of the trends and some of the things that you’re seeing in your business or in culture or in travel that in general are interesting and that you guys are paying attention to? (18:31)
What are you most proud of about what you’ve created of Fortis? (20:52)
Do you guys have a particular operating system or framework that you guys subscribed to that serves your business well? (23:09)
What does your family and lifestyle dynamic look like outside of work? How did you balance that? (24:19)
When did you feel like you earned the right to start looking at and investing either time or money or resources in other things outside of your business? What were those and how did that payoff? (29:05)
What have been your greatest or favorite wealth-building vehicles outside of your business? (31:26)
How’s your experience being in this kind of the busy angel investing world? (32:31)
Is there anything on your radar that you are paying attention to? (33:03)
In general, what investment or financial skill do you think is most important to people to cultivate to not only unlock financial freedom but to sustain and grow it? (35:47)
What legal creative strategies do you use to lower your taxable income? (38:11)
What’s your approach on legacy and passing it on? (39:51)
In This Episode, You Will Learn:
Major pivot points in the history of Fortis (08:37)
“Hanging the Cactus”: What is it (09:10)
How do we know how to pivot (10:43)
Quotes:
“To lean into the difficult things so that you get the most out of it, and be willing to endorse the pain in that.”
“2 or 3 years and you haven’t failed, that has become your biggest failure.”
“I created an environment where people can build themselves and become something great themselves.”
“Incorporating your family into the business so that it’s not two completely separate worlds.”
Connect with Nathan Foy on:
What Rich clients Want (But Won’t Tell You) book
Email: nathanfoy.com