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Entrepreneur Stories 4⃣ Inspiration

088: What the Hell πŸ”₯ is a Water πŸ’§ Entrepreneur? Find out with Trevor Hill of FATHOM Water. ⭐

Entrepreneur Stories 4⃣ Inspiration

Millionaire Interviews Podcast & Sir Austin Peek

Careers, Business:careers, Business

4.7 β€’ 2K Ratings

πŸ—“οΈ 1 January 2021

⏱️ 54 minutes

🧾️ Download transcript

Summary

Trevor Hill is Chairman & CEO of FATHOM Water. Prior to that, he co-founded Algonquin Water Resources of America in 2003, a division of the Algonquin Power Income Fund, of which he served as Director of Operations from 2000 to 2003. In 1994, Mr. Hill co-founded Hill, Murray & Associates, a design-build firm specializing in the construction and operation of water reclamation facilities in British Columbia and the Canadian Arctic. This Episode is Sponsored By: StartEngine is the largest equity crowdfunding site in the USA. Over 170+ companies have raised $60 million using the platform. And 87% of companies successfully reached their minimum funding goal of $10k. Get 20% off your campaign using this link: millionaire-interviews.com/start. Gusto makes payroll a breeze full-service payroll for one simple price. And 72% of customers spend less than 5 minutes to run payroll. Get your first 3 free months using this link: millionaire-interviews.com/gusto. *** For Show Notes, Key Points, Contact Info, & Resources Mentioned on this episode visit here: Trevor Hill Interview. ***

Transcript

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0:00.0

If you had to teach one class entrepreneur, what class would that be?

0:03.5

Well, I think I'd go actually back into the high schools and I teach the most basic

0:10.2

accounting and finance course and talk about the difference between a job and creating wealth.

0:16.6

What are the differences? I think for most elites for me, when I was growing up, I didn't

0:21.9

appreciate that wealth could be created. I thought the mission was to get through high school and

0:27.8

go to university, get a job, earn a salary and try to improve that salary over time and never

0:34.8

understood the difference between what is commonly talked about in school, which is that path versus

0:40.9

being self-employed and creating wealth or even generational wealth for yourself and your family.

0:46.4

And I think there's a huge difference between the two and I really didn't become aware of that

0:50.6

until I was about 35. Is there like a light bulb moment when that happened?

0:55.2

Yeah, I'd done the former program decently well during the Navy when I was 18 and gone, got an

1:04.2

engineering degree and served a dozen years in the Navy and then started a small business when

1:10.8

I left the Navy and it wasn't until five years into that business that I realized I created a

1:16.4

decent company, but a kind of a crappy job. And in fact, I went to a program at that time called

1:21.5

Perthing of Giants. It was a Vern Harnesh Inc. Magazine, Entrepreneur, you know, YEO program and

1:28.9

they talked about this very thing and it was epiphany for me at house older than many of the guys

1:34.2

in the room and it suddenly dawned on me that the guys who had made a lot of money in their lives

1:39.8

weren't doing it by earning a wage they had created wealth in their organizations and I went back to

1:45.2

my company ultimately shut it down. This is a very simple task. We have to blast me if I go

1:54.2

public again. I say this. Build a great company that has high competitive advantages, raise money

2:02.1

when you can recognize you're going to get to looted a little bit and hopefully into the day

2:06.9

still on a piece of the company. Probably another lesson from an entrepreneurial perspective which is

...

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