loader from loading.io

Equitably Investing in Cannabis with Seke Ballard

Mission Driven Business

Release Date: 09/14/2021

How to Review Your Business Finances Mid-Year show art How to Review Your Business Finances Mid-Year

Mission Driven Business

The halfway point of the year is one of the best moments to review your business finances, and most entrepreneurs let it pass without taking action. In this episode, Brian Thompson shares the CASH framework, a simple mid-year review you can complete in under an hour, that helps you understand where your business stands and make better decisions for the second half of the year. Brian gets honest about his own relationship with numbers and why most entrepreneurs avoid their finances, not because the news is bad, but because looking feels uncomfortable. This episode is a practical and...

info_outline
How to Make Better Business Decisions Using a Simple Framework show art How to Make Better Business Decisions Using a Simple Framework

Mission Driven Business

Most entrepreneurs treat business problems as money problems. In this episode, Brian Thompson makes the case that they are almost always alignment problems, and that better decision-making starts not with tactics, but with mission, vision, and values. Brian shares the alignment framework he uses with entrepreneurs across industries to help them make decisions with more clarity, confidence, and purpose. If you have ever felt like your business decisions are harder than they should be, this episode will help you understand why, and what to do about it.   In this episode you will learn: Why...

info_outline
Why Better Systems Won't Fix Entrepreneurial Burnout show art Why Better Systems Won't Fix Entrepreneurial Burnout

Mission Driven Business

Refining workflows and checklists cannot solve every foundational business hurdle. In this episode, Brian Thompson explores why a focus on optimization often leads to the avoidance of deeper personal and operational challenges, and what actually builds true resilience over the long term. Brian opens up about navigating a profound capacity problem during a period of intense personal transition and business growth. If you have ever felt exhausted despite having a perfectly organized schedule, this episode explains why the solution often requires subtraction.   In this episode you will...

info_outline
Choosing the Right Business Structure for a Mission-Driven Business show art Choosing the Right Business Structure for a Mission-Driven Business

Mission Driven Business

Choosing the right business structure is one of the most important decisions a mission-driven business owner will make, and taxes are only part of the story. In this episode, Brian Thompson walks through every major business structure available to entrepreneurs, viewed through the lens of ownership, profit sharing, decision making, and mission protection. Whether you are just starting out, growing your team, or thinking about the best way to share profits, this episode will help you ask better questions and make a more informed decision about the structure that fits the business you are...

info_outline
People Before Profit: The Co-op Business Model show art People Before Profit: The Co-op Business Model

Mission Driven Business

Most entrepreneurs have never seriously considered the cooperative business model, even though some of the most recognizable brands in the world are co-ops. In this episode, Brian Thompson sits down with D.G. Safeer Hopton, entrepreneur, healer, and author of Creating a Co-op Village, to explore cooperative economics and what it could mean for mission-driven business owners. Safeer has spent decades building co-ops, studying cooperative economics, and helping communities create prosperity through shared ownership. This conversation is a practical and eye-opening introduction to a business...

info_outline
Why Revenue Growth Isn't Making You Feel Safer show art Why Revenue Growth Isn't Making You Feel Safer

Mission Driven Business

More revenue does not automatically create financial security. In this episode, Brian Thompson explores why so many entrepreneurs still feel anxious even when business is going well, and what actually builds business stability over the long term. Brian gets honest about the gap between revenue growth and emotional security, drawing from his own experience and years of working with entrepreneurs at every stage of business. If you have ever hit a goal and still felt like everything could fall apart, this episode will help you understand why, and what to do about it.   In this episode you...

info_outline
The Cost of Hiding Who You Are in Your Business show art The Cost of Hiding Who You Are in Your Business

Mission Driven Business

Let's explore the real emotional and strategic cost of hiding parts of yourself as an entrepreneur, and why building a business rooted in authenticity creates stronger alignment, better marketing, and a more sustainable path forward. Brian gets personal about his own journey navigating visibility as a Black, gay entrepreneur and financial planner, and what he has learned about the difference between protecting yourself and slowly erasing yourself. If you have ever felt exhausted by performing a version of yourself you thought people expected, this episode is for you.   In this episode you...

info_outline
How to Achieve Sustainable Leadership Through Delegation show art How to Achieve Sustainable Leadership Through Delegation

Mission Driven Business

Most entrepreneurs reach a point where doing everything yourself stops working. In this episode, Brian Thompson gets honest about the emotional side of delegation, what he has learned since bringing on his first employee, and why sustainable leadership requires letting go of the need to carry everything alone. Delegation is one of the most talked about business strategies, and one of the most misunderstood. Brian shares why delegation is not just an operational decision, it is an emotional one. Underneath the resistance to delegating are fear of mistakes, fear of losing control, and fear of...

info_outline
What It Really Takes to Hire Your First Employee show art What It Really Takes to Hire Your First Employee

Mission Driven Business

Hiring your first employee is one of the biggest leaps you'll take as a business owner, and most people don't talk openly about what it actually involves. In this episode, Brian Thompson sits down with his operations manager Jesica Berger to share the hiring strategies that shaped their journey, from both sides of the table. Brian and Jesica worked together for nearly seven years before Brian launched his own financial planning firm. When the time came to bring on his first hire, the foundation of trust they had built over almost two decades made all the difference. In this honest...

info_outline
Why High Achievers Struggle to Feel Successful in Business show art Why High Achievers Struggle to Feel Successful in Business

Mission Driven Business

Many entrepreneurs hit their goals, grow their revenue, and create real impact, and still somehow feel behind. In this episode, Brian Thompson unpacks why high achievers so often struggle to feel successful, how comparison and constant striving distort our sense of progress, and why mission-driven entrepreneurs are especially vulnerable to this pattern. It is a candid and reflective conversation that ends with a challenge to redefine what success actually means for you.   The Pattern Entrepreneurs Get Stuck In A pattern Brian sees in himself and many of his clients: Hit a goal, feel proud...

info_outline
 
More Episodes

Brian chats with Seke Ballard, the founder and CEO of Good Tree Capital, a financial services firm that uses a proprietary algorithm to balance available economic opportunities for people invested in cannabis companies. On the episode, Seke shares how removing biased data from the lending equation can make the playing field more equal. He also discusses his motivations for starting his firm, the company’s future plans, and why his ultimate dream is to create a banking model that works so well it puts the big, bad banks out of business.

 

Episode Highlights

Mission-driven businesses create wealth with purpose.

All businesses are profit-seeking entities, but Seke said mission-driven businesses build on that by creating wealth for a purpose. Seke’s firm, Good Tree Capital, is no exception. The company uses a proprietary algorithm to create economic opportunities for people invested in the cannabis industry.

“We want to build wealth with purpose,” he said. “And that purpose is very much around providing fair access to capital to capital to entrepreneurs who are trying to thrive in this emerging industry.”

 

When faced with inequities, get creative.

One of Seke’s motivations for starting Good Tree Capital was a conversation he had with his father. When he was younger, his father owned a successful logging company. He wanted to get a loan to expand to other states, but he was denied from every bank he applied to.

“All things being equal -- if our balance sheet looks the exact same, if our credit risk profile is the exact same -- I have a harder time getting loans,” Seke said. “And if I succeed in getting them, they’re going to be more expensive for me.”

His father’s experience helped motivate Seke to rally a team of data scientists and developers to create a lending algorithm that assesses credit risk without using factors that typically bias credit decisioning factors. The resulting algorithm can assess the risk of defaulting on a loan with 98.2% accuracy.

But despite the algorithm’s success, Seke has also run into his own problems raising capital.

“I’ve always thought to myself, I’ve got to be clear eyed about this,” he said. “The truth of the matter is that the overwhelming majority of venture capital -- the kind of capital that we’re seeking -- goes to white men. And so if I want to thrive, given that reality, then I have to figure out creative ways to remove that as a barrier for our ability to deploy the lending model.”

 

Dream big. Even if it’s taking on Wells Fargo.

One way Seke is getting creative and dreaming big is by building a bank around Good Tree Capital’s lending technology. His vision? To take on Wells Fargo, a company he described as the “archetype for everything that’s wrong with banking.”

“It is a personal mission to create a better model,” Seke said. “And to use that model to drive them out of business.”

Seke also encouraged other entrepreneurs to dream big. He advocated for finding your big idea and narrowing in on what really motivates you.

“Once you find that, if you’re a hard working person with a lot of tenacity, then you’ll forge your way there,” he said. “It starts with having that vision that really motivates you.”

 

Resources + Links

 

About Brian and the Mission Driven Business Podcast 

Brian Thompson, JD/CFP, is a tax attorney and certified financial planner who specializes in providing comprehensive financial planning to LGBTQ+ entrepreneurs who run mission-driven businesses. The Mission Driven Business podcast was born out of his passion for helping social entrepreneurs create businesses with purpose and profit.

On the podcast, Brian talks with diverse entrepreneurs and the people who support them. Listeners hear stories of experiences, strength, and hope and get practical advice to help them build businesses that might just change the world, too.