108: Building a Logistics Company from the Ground Up... Tyler Walton of 5 Logistics
Entrepreneur Stories 4⃣ Inspiration
Millionaire Interviews Podcast & Sir Austin Peek
4.7 • 2K Ratings
🗓️ 1 January 2021
⏱️ 49 minutes
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| 0:00.0 | What's up everyone this is Gwen. This is JV. This is JAPOI aka DJ Shrimp and you're listening to |
| 0:06.4 | millionaire, millionaire, interviews, interviews. One thing that I think is important for people to |
| 0:13.3 | realize is it's really hard to make money. It is really really really easy to lose money and |
| 0:22.5 | to lose a lot of money. It just wasn't working. It was a challenge and so we decided as a business. |
| 0:29.4 | I had to make the decisions the owner that we were going to do a massive pivot. |
| 0:36.8 | If you budget your time that's the only thing that no one can get anymore of, we all have the same |
| 0:41.0 | amount of it and if you budget and you're focused and you put a plan together, you will have the time |
| 0:46.0 | to get things started and build what you want to build. |
| 0:52.0 | Good morning my name is Tyler Walton. I'm 43 years old. I currently reside in Denver, Colorado |
| 0:58.4 | and I am the founder and president of Five Logistics. Born and raised in Denver, Colorado? |
| 1:03.4 | Born and raised in Salt Lake have spent time in Dallas, Texas, Cleveland, Ohio and recently, |
| 1:10.7 | where I guess our last place we hope is Denver. We've been here since 2004. |
| 1:15.6 | You smoked a lot of Gondja? Unfortunately no. I think it might help but we haven't made that jump yet. |
| 1:22.1 | Is that what you're transporting now with Five Logistics? |
| 1:25.1 | The laws in moving it and managing it and selling it are extremely tight. |
| 1:31.6 | So the only work that I do for that industry is warehousing of some of the packaging materials |
| 1:39.7 | and shipping of some of the hydroponics to help grow it. That's as far as I get into the |
| 1:44.9 | marijuana industry today. So you said you're with Five Logistics. Why don't you give us a little bit |
| 1:49.5 | of a rundown on what you'll do exactly there? Yeah Five Logistics is a family run 3PL. We focus |
| 1:56.6 | primarily on complex fulfillment. We store our customers inventory. We have systems integrated |
| 2:04.3 | to their shopping cart or their retailers and we do all of their inventory management and |
| 2:09.6 | border fulfillment. In addition to that we do manage transportation services. We have our own |
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