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Entrepreneur Stories 4⃣ Inspiration

108: Building a Logistics Company from the Ground Up... Tyler Walton of 5 Logistics

Entrepreneur Stories 4⃣ Inspiration

Millionaire Interviews Podcast & Sir Austin Peek

Careers, Business:careers, Business

4.7 β€’ 2K Ratings

πŸ—“οΈ 1 January 2021

⏱️ 49 minutes

🧾️ Download transcript

Summary

Tyler Walton is the President of 5 Logistics, which provides services for B2B fulfillment, B2C E-commerce fulfillment, packaging, assembly, cross-dock, container services, local trucking, and managed transportation. The companies fulfillment specialties include... Please Support Our Episode Sponsors: Fundrise is the first investment platform to create a simple, low-cost way for anyone to access real estate's historically consistent, exceptional returns. For as little as $500, you can diversify into real estate today! To have your first 3 months of fees waived and to support the show, please visit: millionaire-interviews.com/fundrise. HostGator is offering our listeners 62% off their hosting packages! You can get started for as little as $2.64/month. HostGator offers the best value of any hosting service in the world! That's why I've been a customer since 2012. So if you're looking for a hosting provider (w/ fast customer support available 24/7/365) for your website, then sign up by going to: millionaire-interviews.com/hostgator. New Sponsorship Opportunities are available! Are you or your company interested in reaching a worldwide audience of entrepreneurs? If you could benefit by reaching the thousands of high-earning professionals, business founders, and successful solopreneurs listening right now... then email me for details about this limited-time sponsorship opportunity: [email protected]. *** For Show Notes, Key Points, Contact Info, Resources Mentioned, & the Fabulous 4 Questions on this episode visit here: Tyler Walton Interview. *** Want to Support the Show? Our Kickoff Sale is πŸ”₯ and we'll be raising the price after the First 10 People Sign-Up for each level. So it could be 1 Hour, 24 Hours, or even a Few Days until it's over... To Reserve Your Tier Pricing... Sign-Up Now at millionaire-interviews.com/patreon. πŸ˜€πŸ˜ŽπŸ˜

Transcript

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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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