Light Bulb Moments: It's All About The Energy

In this episode of LBM Flash Event, host Phil Fornaro sits down with Terri Rivera, Director of Philanthropy at BEDS Plus, to talk about the organization’s mission, growth, and one of the community’s most beloved fundraisers, the 14th Annual Soup & Bread Event. Terri shares how BEDS Plus has evolved from a church-based shelter model into a hotel-based transitional housing system serving nearly 6,000 people annually. They discuss why the Soup & Bread event sells out so quickly, how sponsors and volunteers make the impact possible, and the many ways the community can continue supporting neighbors experiencing homelessness, especially during the coldest months.Event Details:BEDS Plus 14th Annual Soup & Bread FundraiserDate:Sunday, February 1, 20263:00 – 7:00 PMLocation:Countryside Banquet & Conference Center6200 Joliet RoadCountryside, ILAbout the Event:25 different soups from local restaurantsCraft beer tastingsLive music performancesFamily-friendly atmosphere (kids to grandparents welcome)Roving magicianRaffle with 25+ items, including trips, experiences, and gift basketsCommunity sponsors help ensure 90% of funds raised go directly to BEDS Plus programs“I feel like my role as director of philanthropy is to connect people who care with causes that matter.” - Terri RiveraTerri Rivera joined BEDS Plus in February 2024 after several years of service on the Fundraising Committee. She brings more than 25 years of experience in fundraising, board leadership, community engagement, and event planning, with previous roles as Director of Development at Alivio Medical Center and Executive Director of Back on My Feet, a homeless services organization. Terri holds a Master’s degree in Non-Profit Administration from North Park University, with a focus on Health Care Management, and is excited to help BEDS Plus grow through strategic vision and strong community connections.Connect with Terri Rivera: Website: https://beds-plus.org/ Facebook: https://web.facebook.com/bedsplusorg/?_rdc=1&_rdr# Instagram: https://www.instagram.com/bedsplusorg/ YouTube: https://www.youtube.com/@bedspluscare1181 LinkedIn: https://www.linkedin.com/in/terririvera/ LinkedIn, Company: https://www.linkedin.com/company/beds-plus-care-inc/ Email: rivera@beds-plus.org Contact: 708-354-0858 or 708-887-8830Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it. 

Doug Price is the creator of The Agave Social Club, a leading platform and podcast dedicated to the stories, culture, and craftsmanship behind tequila. With over 100 interviews featuring industry experts — from legendary master distillers to emerging brand owners — Doug has become a trusted voice in the world of agave spirits.Through engaging storytelling and educational content, Doug has built a loyal community of over 125,000 followers across social media and has produced videos reaching millions of viewers worldwide. His work celebrates authenticity, tradition, and innovation within the tequila industry — all while spotlighting the people and places that make Mexico’s most iconic spirit so special.Driven by a genuine love for Mexico and its agave heritage, Doug continues to use his platform to connect audiences with the heart and soul of tequila.In this episode, Philip and Doug Price discuss: Reverence changes how value is experiencedAuthenticity reveals quality more than polishCommunity gives products their deepest meaningAction turns moments into movementsLightbulb Moments:Understanding the years of labor behind tequila transforms it from a casual drink into something meant to be respected and savored.Additives and over-processing can mask character. True tequila favors honest expression over engineered smoothness.Tequila becomes more than alcohol when it serves as a medium for storytelling, connection, and shared experience.Crisis and opportunity matter only when met with execution. Starting and iterating create a lasting impact where ideas alone cannot.“The opportunity of a lifetime must be seized within the lifetime of the opportunity.” - Doug PriceConnect with Doug Price: Website: https://www.theagavesocialclub.com/ Podcast: https://podcasts.apple.com/us/podcast/the-agave-social-club/id1528306060 YouTube: https://www.youtube.com/@iamdougprice Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it. 

Phil Fornaro discusses the concept of busyness and its impact on productivity and happiness. He reflects on his own experiences, noting how he used to pride himself on being busy but has since shifted to prioritizing effectiveness and joy. Phil recommends reading books, such as "Do Nothing" by Celeste Headlee, to reevaluate one's approach to busyness. He emphasizes the importance of focusing on one task at a time, minimizing distractions, and finding joy in daily activities. Phil also highlights the value of using money to buy time for enjoyable pursuits, such as podcasting, and encourages listeners to reflect on what truly satisfies them.Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it. 

Christopher H. Volk is a veteran finance executive, financial modeler, and multi-time public company CEO with decades of experience designing and scaling real estate–based business models. He has co-founded and led several successful companies, including STORE Capital, a publicly traded REIT that specializes in financing operating company real estate, and attracted Berkshire Hathaway as a major shareholder. Over his career, Volk has taken three companies public and worked extensively with both public and private capital markets.He is the author of The Value Equation, a book that breaks down how businesses create wealth using clear, practical concepts grounded in simple math rather than financial jargon. Drawing on real-world experience, Volk focuses on helping entrepreneurs and leaders understand the core drivers of returns, risk, and long-term value creation.In this episode, Philip and Christopher Volk discuss: Designing the business model, not just the ideaManaging the core variables that drive returnsUsing other people’s money to amplify outcomesOptimizing for durable wealth and controlLightbulb Moments:Most businesses begin as solutions, but wealth is created by how the solution is monetized. Google’s real breakthrough was AdWords, not search itself. A strong product matters, but the revenue engine determines scale and value.Business returns can be understood through a small set of controllable variables. Actively managing sales, margins, investment, financing, and maintenance creates a clear dashboard. Wealth creation becomes intentional when these levers are designed, not left to chance.Debt, leases, and structured capital are tools, not just risks. Sophisticated buyers often unlock value by using OPM more efficiently than founders expect. Maintenance capex and “one-time” costs should be treated as recurring realities.The goal is not maximum return at all costs, but strong returns with scalability and margin for error. You don’t need a unicorn to reach the top 1%; a well-run model over time is enough. Entrepreneurs who take ownership of systems, policy risk, and outcomes make things happen.“You either make things happen, or things will happen to you.” - Christopher VolkConnect with Christopher Volk:Website: https://www.christopherhvolk.com/  Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it.

Phil Fornaro reflects on the importance of specificity in questions, using an anecdote from a comedy club to illustrate how open-ended questions can elicit negative responses. He emphasizes the value of reframing conversations to maintain positivity, sharing personal experiences and advice from friends. Phil concludes by encouraging listeners to focus on positive perspectives and specific questions.Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it. 

Dr. Kenneth S. Nelson is a distinguished family physician and healthcare leader with more than three decades of clinical, academic, and executive experience. He currently serves as Chief Medical Officer for UChicago Medicine and AdventHealth Medical Groups in the Great Lakes Region, where he guides clinical quality, physician engagement, and strategic growth.A graduate of the Chicago Medical School, Dr. Nelson completed his residency in Family Practice at LaGrange Memorial Hospital and a postdoctoral fellowship in Clinical Pharmacology at the University of Chicago. He has been a senior attending physician and clinical faculty member at AdventHealth LaGrange Hospital since 1988 and is recognized as a Specialist in Clinical Hypertension.Dr. Nelson has held numerous leadership roles across hospital boards, medical staffs, and community organizations, and has been widely honored for his service—including being named the 2012 Illinois and Midwest Region Family Physician of the Year and induction into the Fenwick High School Hall of Fame. His research contributions span hypertension, circadian blood pressure variation, and ambulatory monitoring, with publications in leading medical journals.Dedicated to patient-centered care, medical education, and community service, Dr. Nelson has built a career defined by clinical excellence, compassionate leadership, and a deep commitment to improving health outcomes.In this episode, Philip and Ken Nelson discuss: Reframing medicine as a relationship, not a transactionRecognizing stress as a root cause of many symptomsTraining the mind to regain emotional controlChoosing presence, ownership, and serviceLightbulb Moments:Effective care depends on trust, continuity, and feeling known, not just tests and prescriptions. A strong doctor–patient relationship enables better advocacy and more complete care.Common physical complaints often originate from unmanaged stress, anxiety, or depression. Treating the body without addressing the mind leaves care incomplete.Consistent meditation and breathing practices can measurably rewire the brain. Learning to notice and release thoughts builds resilience and reduces reactive behavior.Emotional ownership reduces anger and polarization by shifting responsibility inward. Presence, intentional disconnection from technology, and service through personal skills create deeper individual and community well-being.“A lot of the stress people are under is because somebody did something to me… The correct way to say that is somebody did something, and I am letting it stress me out.” - Ken NelsonConnect with Ken Nelson: Website: https://www.adventhealth.com/find-doctor/doctor/kenneth-nelson-md-1700838745 LinkedIn: https://www.linkedin.com/in/ken-nelson-78ab0b265/ Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it. 

Phil Fornaro reflects on his positive experiences in 2025, including podcast growth and personal development. He emphasizes the challenge of others not recognizing personal transformation and stresses the importance of verbalizing self-awareness. Phil advises setting new ground rules, rebuilding trust, and being patient with the process of change. Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it. 

Margaret is passionate about partnering with law firm leaders to help them achieve their unique goals. Leveraging decades of experience consulting with lawyers, Partners, and small to mid-sized law firms, she founded MB Law Firm Consulting to help fill a need at small to mid-sized law firms: experienced and effective help. Margaret specializes in strategy, operations, finance, culture, and marketing, and has advised and led acquisitions, relocations, succession planning, restructuring, and start-ups. Earlier in her career, she served as CEO of a Boston-based law firm and helped launch and build a consultancy that provided services to law firms.Margaret earned her MBA at Sawyer Business School at Suffolk University. A lifelong learner who prioritizes professional development, she is a Certified Legal Manager (CLM), Yellow Belt Legal Lean Sigma, and Certified Professional Coach. She is also an active member of the Association of Legal Administrators (ALA) – currently serving on the Programs Committee – and is proud to be recognized as an Excellence in the Law in Firm Administration and Operations Honoree. When not problem-solving with clients, Margaret can be found cooking fun and funky vegan cuisine, mastering her latest kitchen gadget, taking a barre class, or traveling with her husband.In this episode, Philip and Margaret Burke discuss: Turning engagement into content and momentumBuilding foundations before growth demands themEscaping the hamster wheel through intentional designUsing time, pricing, and incentives strategicallyLightbulb Moments:Reading listener reviews on air reframes them from vanity metrics into living content and community fuel. The practice motivates the host while inviting listeners into a shared feedback loop. Engagement becomes something that builds the show forward, not just a number to admire.Entrepreneurs often wait until capacity is broken before defining roles, processes, and expectations. Margaret’s experience shows that delaying structure creates avoidable strain later. Putting SOPs and clarity in place early prevents growth from becoming chaos.Many firm owners keep billing without pausing to define what they actually want from their business. Blocking thinking time, writing goals, and accepting help are the real keys to change. Growth becomes intentional only when vision is chosen rather than endured.Hiring is reframed as buying back time so owners can focus on higher-value work. Flat fees, incentive buckets, and new services emerge best through small experiments and real data. When strategy matches the practice and client needs repeat, sustainable growth follows.“Really focus on the systems – taking the time to document and systematize the practices. Don’t allow important information to only be in your head or someone else's head without documenting it.” - Margaret BurkeConnect with Margaret Burke: Website: https://mblawconsulting.com/LinkedIn: https://www.linkedin.com/company/mb-law-firm-consulting-llc/ Facebook: https://www.facebook.com/MBLawFirmConsultingLLC Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it.

Phil Fornaro reflects on the importance of diversifying life and relationships. Phil also explores the role of psychology in decision-making, referencing Barry Ritholtz’s book on investment psychology. He emphasizes managing emotional reactions in situations such as divorce and investing, advocating for logical thinking and self-awareness. Phil concludes by encouraging listeners to apply psychological principles to improve their lives and relationships.Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it. 

Robert Mestman is an Orange County (California) Senior Assistant District Attorney and part of the Executive Management Team for DA Todd Spitzer.  He has been a criminal prosecutor for more than 24 years and also served as a special federal prosecutor and on the Board of Directors of the California District Attorneys Association. Prior to his work in the criminal justice system, Robert worked on Capitol Hill in the US Senate as a legislative aide.  Robert graduated cum laude from Northwestern University School of Law and has an MBA from the Kellogg School of Management.  He has been in public service for most of his career, devoted to public safety and the fair administration of justice. He is running for Superior Court judge in the June 2026 election. Robert lives in Huntington Beach, California, with his wife and two children.   In this episode, Philip and Robert discuss: Valuing long-term relationships as career capitalDefining leadership through service and fairnessRecognizing perspective-shifting life moments earlyApproaching growth with strategy and supportLightbulb Moments:Sustained relationships often become more valuable over time than short-term achievements. Reconnecting after years or decades can reopen trust, perspective, and unexpected opportunities. Intentional relationship-building is a form of service, not just networking.Public trust is built when people feel heard and respected, even when outcomes don’t go their way. Effective leadership prioritizes process, dignity, and integrity over simply winning. Credibility grows when service is rooted in fairness and consistency.Career stressors often feel urgent in the moment but shrink when viewed across a lifetime. Taking intentional breaks can clarify priorities and deepen family and personal meaning. Meaningful experiences should not be endlessly postponed in favor of work alone.Complex goals require systems, advisors, and tools rather than solo effort. Professional guidance helps manage scale, structure, and long-term execution. Using available tools and resources allows leaders to focus on purpose rather than logistics.“One of the things I’ve learned through the last 30‑plus years… is the importance of connections and networks in everything, whether it’s personal or professional.” - Robert Mestman7 ChatGPT Prompts To Double Your Online Authority In 30 Days: https://www.forbes.com/sites/jodiecook/2025/09/29/7-chatgpt-prompts-to-double-your-online-authority-in-30-days/ Connect with Robert Mestman: Website: https://mestman4judge.com/ LinkedIn: https://www.linkedin.com/in/robert-mestman-619b483a/ Facebook: https://www.facebook.com/mestman.4.judge Instagram: https://www.instagram.com/mestman4judge Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it.

Phil Fornaro reflects on the close of the year and shares a candid, wide-ranging discussion on growth, self-awareness, and getting out of your own way. Drawing from personal experience, Phil explores how reflection, discipline, and understanding one’s zone of genius can lead to more meaningful progress. He shares a powerful light bulb moment sparked by working with ChatGPT to organize and clarify his thinking around his Outside General Counsel (OGC) model—revealing long-standing habits of complexity, repetition, and rushing to solutions. Phil connects these insights to broader themes of delegation, time management, simplifying systems, and building habits that support clarity and joy. The episode also introduces the evolving LBM framework, emphasizing analysis, simplification, tools, and growth as a pathway to expanded opportunities. This reflective flash moment sets the stage for renewed energy, intentional action, and continued illumination heading into the new year.Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it. 

Phil Fornaro reflects on the evolution of his "Light Bulb Moments" podcast, which began in August 2024 and has since grown significantly. He discusses the importance of data, as highlighted by guests like Dan O'Donohue and Rob Hanna, and introduces the "Light Bulb Moment Thinking" (LBM) framework. This framework involves seeing problems clearly, simplifying them, thinking about solutions, using available tools, and activating solutions. Phil emphasizes the value of small shifts in mindset and continuous learning, aiming to help listeners solve problems and capitalize on opportunities more effectively.Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it. 

William Florida brings more than 22 years of investment experience and currently serves as Managing Director, Research Analyst, and Portfolio Manager of the Partners Fund. He joined the firm in 2007 after a 13-year international executive career in Japan and Europe with pharmaceutical manufacturing companies. Earlier in his career, he spent three years as a commercial banker in Japan. William previously served on the Board of Directors of Wyatt Technology until 2023 and is an Advisor to the Energy Transition Network at the Pritzker School of Molecular Engineering at the University of Chicago. He holds an AB in Public Policy and an AM in Social Science from the University of Chicago, as well as a Master of Public Policy from Harvard University. William is a Chartered Financial Analyst (CFA®) charterholder and is fluent in Japanese and German.In this episode, Philip and Bill Florida discuss: Owning and aligning in business and investingFinding opportunity in small-cap public marketsBalancing concentration and diversificationGardening, entrepreneurship, and mentoringLightbulb Moments:Bill and Phil emphasize “eating your own cooking,” ensuring owners have skin in the game. Employee ownership at Advisory Research aligns incentives with clients and stakeholders. Small-cap companies offer clarity on business, management, and culture, unlike large corporations.Small-cap equities hold roughly $2 trillion, yet fewer analysts and investors focus here. This creates opportunities for deep research and active engagement. Governance and meaningful stock ownership align management with shareholders.Diversification protects wealth and suits most investors, while concentration builds wealth with skill and discipline. A strong business produces returns above its cost of capital. “Concentration gets you rich, diversification helps you stay rich” captures the approach.Gardening provides therapy, legacy, and a chance to improve through continuous effort. Ownership lessons extend to entrepreneurship, from Japanese restaurants to professional ventures. Teaching younger generations about capitalism and mentorship fosters meaningful community learning beyond social media.“The secret of a great business is a business that earns a higher return than its cost of capital… if a dollar goes into that business, you're going to get a lot more than a dollar out.” - Bill FloridaConnect with Bill Florida: Website: https://www.advisoryresearch.com/ LinkedIn: https://www.linkedin.com/in/williamlflorida/ Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it. 

Phil Fornaro discusses his experiences with the consortium, a group of family offices, wealth managers, private equity lobbyists, and politicians. He recounts his recent trip to DC, where he walked to various monuments and engaged in discussions with lobbyists and economists. Phil emphasizes the importance of understanding different perspectives, the impact of agendas, and the necessity of honesty and transparency. He shares insights on gerrymandering, the national debt, and the need for trust and self-control. Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it. 

2025 Waiola Tree Charity EventWhere: Waiola Park, 500 South Waiola Fornaro Law’s tree is on the northwest side of the park. Fornaro Law needs your help to decorate our tree at Waiola Park.  Fornaro Law will donate a $25 LaGrange Business Association gift card for every ornament placed on our tree and shared on social media with a tag to Fornaro Law, up to a total donation of $2,500.All gift cards will be donated to Beds Plus, Legacy Guild, Community Assisted Rides, and Pillars Community Health, to be distributed to individuals and families they serve.Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it. 

Vera Gavrilovich is a senior marketing and growth executive with broad experience in subscription services and renewable energy. She has scaled national brands, built strong teams, and delivered results for both Fortune 500 companies and startups. Vera blends data-driven strategy with creativity and customer focus to spark innovation, boost efficiency, and deliver growth.In this episode, Philip and Vera Gavrilovich discuss: Empowering homes with solar energyLeveling the playing field for inventorsLeading through strengths and developmentTurning breaks into growth opportunitiesLightbulb Moments:Growing energy demand is straining the aging U.S. grid, and residential solar paired with batteries offers households a reliable, cost-saving, and independent energy solution.Supporting small inventors through litigation funding can level the playing field against large corporations while building valuable expertise in digital marketing and AI-driven content.Effective leadership focuses on placing people in roles that match their strengths, encouraging dissent, and developing teams rather than doing the work for them.Intentional pauses, side projects, and skill-building—whether through AI, digital marketing, or creative endeavors—turn career breaks into opportunities for growth and long-term advantage.“Everyone wants to be great, but greatness doesn't mean that you're making a trillion dollars. Great means you are doing something that is leveraging your strengths… Stop being hung up on your weaknesses…” - Vera GavrilovichLooking for patent infringement litigation funding? Inquire now at protegollc.com. Explore the world with JT! Check out his Travel Vlog YouTube Channel and subscribe by: https://www.youtube.com/@jtonthego4196 Connect with Vera Gavrilovich: Website: protegollc.com LinkedIn: www.linkedin.com/in/veragavrilovich Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it. 

Phil Fornaro discusses the challenge of focusing on enjoyable tasks despite being distracted by less enjoyable ones. He shares his experience from a CEO group meeting where members discuss personal and professional challenges. Phil aims to shift his focus from 90% on unenjoyable tasks to 50% and is working on prioritizing joyful activities. He highlights the importance of managing time effectively, reducing email distractions, and organizing his workspace. A Light Bulb Moment comes when he realizes he is his own biggest challenge, leading him to focus on self-discipline and saying "no" more often. Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it. 

Paul Vragel founded 4aBetterBusiness 25+ years ago to help companies develop immediate, enthusiastic buy-in to change and achieve large-scale improvements in productivity and growth. Paul has led (in Interim COO and consulting roles) collaborative achievement of transformational improvement in company operating and financial performance with privately held companies (including private equity) and mid-market units of Fortune 500 companies (including Magna, Dover and Itochu), complex manufacturing (automotive, aerospace, general industrial), distribution/logistics and services, US and International, including multi-site operations and recovery from failed acquisitions in M&A transactions.In this episode, Philip and Paul discuss: Empowering the people who do the workBuilding trust through honest reviewShaping culture through repeated actionsGrowing through shared ownershipLightbulb Moments:Real transformation begins when employees closest to the action are heard and involved, revealing the true problems and the most practical solutions.Transparent, ground-level dialogue uncovers hidden issues, invites collaboration, and accelerates meaningful improvement without top-down imposition.Lasting cultural change forms when new behaviors become habits, reshaping how individuals and teams act, think, and work together.When workers help diagnose problems, map processes, and design improvements, they gain ownership—leading to faster progress and long-term organizational growth.“Honesty is the best policy, and reality is your friend if you’re prepared to deal with it.” - Paul VragelConnect with Paul Vragel: Website: https://4abetterbusiness.com/ LinkedIn: https://www.linkedin.com/in/paul-vragel-0519403/ Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it. 

Phil Fornaro discusses and reflects on the year-end rush, from holiday stress to business deadlines, while sharing his personal process for using quiet time, goal-setting, and habit change to reconnect with his zone of genius. He also highlights how embracing failure and staying intentional can create momentum going into the new year. Phil also discusses the power of honest self-reflection as the catalyst for meaningful personal and professional growth.Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it. 

Denise Oros is the owner and master goldsmith of Linnea Jewelers, a full-service fine jewelry studio in La Grange, Illinois. With decades of experience at the bench, she specializes in custom design, stone setting, restoration, and personalized pieces that reflect each client’s story.Her approach blends traditional craftsmanship with modern tools and techniques, allowing customers to visualize and create one-of-a-kind jewelry with confidence. Known for her integrity, care, and attention to detail, Denise has built Linnea Jewelers into a trusted destination for custom work, repairs, appraisals, and gemstone expertise.A lifelong learner and mentor, she leads her team with a commitment to quality, ethical sourcing, and exceptional service—values that have earned her business a longstanding reputation for craftsmanship and connection within the community.In this episode, Philip and Denise discuss: Guarding personal energyChoosing long-term impactInvesting in relationshipsRegaining perspectiveLightbulb Moments:Sustainable work begins with learning to slow down and protect the inner reserves that fuel good decisions. Clarity grows when urgency decreases, and attention becomes intentional. Managing energy, not speed, creates impact that lasts.Real progress comes from prioritizing what moves the mission forward, not what merely feels productive. Noise fades, but disciplined focus compounds over time; what you choose to ignore matters as much as what you choose to pursue.Growth accelerates when trust is built through honesty, consistency, and proximity. Strong relationships become multipliers for opportunity and resilience. The people you nurture eventually shape the work you can sustain.Stepping back creates the distance needed to see patterns, recalibrate, and avoid burnout. Perspective turns overwhelm into clarity and reorients you toward purpose. Wisdom comes from pausing long enough to notice what truly matters.“You cannot judge a book...you have to be humble and have a service attitude for everybody who walks in your door.” - Denise OrosConnect with Denise Oros: Website: https://linneajewelers.com/ Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ Podcast Production by Turnkey Podcast. Thinking of starting a podcast? Get more info at https://turnkeypodcast.com/ or reach out to Doug Sandler directly at Doug@TurnkeyPodcast.com or call 410-340-6861. You’re the expert. Your podcast will prove it.