How Small Rep Firms Compete and Win with Micah Moseley

How Small Rep Firms Compete and Win with Micah Moseley

In this insightful episode, we dive into the unique challenges and opportunities faced by smaller, localized rep firms with our guest, Micah Moseley. Our guest shares a compelling narrative of building a successful business by leveraging the advantages of operating in a more confined market space. Learn about the strategic benefits of being deeply integrated into local networks, the ability to offer unparalleled service due to proximity, and how maintaining a smaller scope of operations can lead to significant growth and development. Conversely, we also explore the limitations and hurdles that come with a more focused territory, including market saturation and the balance of expanding product lines within a tight-knit community. This episode is a must-watch for rep firms aiming to maximize their impact in local markets, as well as for any business looking to understand the intricacies of operating efficiently on a smaller scale. Get ready for actionable insights on fostering close customer relationships, diversifying business within your reach, and the critical role of team synergy in achieving sustained success.

[00:00:00] . Tell us about Cornerstone, the story of Cornerstone and then what market do you serve

[00:00:07] and just tell us a little bit about what you do.

[00:00:09] Sure, yeah.

[00:00:10] I love the name of Yelts Program flow because I'm in the plumbing industry.

[00:00:14] Perfect.

[00:00:15] Yeah.

[00:00:16] And I always say pun intended but you've got to be fluid to be a rep because if I want

[00:00:20] to scare myself, I'll just look back five years ago, 10 years ago, 15 years ago, and

[00:00:26] if I were still like that, I probably wouldn't be in business just because the dynamics of

[00:00:32] the changes, whether it's distribution, manufacturers, whatever doesn't matter.

[00:00:36] But you always have to be looking to change or willing to change and sometimes forced

[00:00:42] to change.

[00:00:43] So I grew up my dad worked in East Texas.

[00:00:48] He was a plumbing salesman for a large company down there that had multiple divisions

[00:00:52] and plumbing was just one.

[00:00:54] And then he, my senior year started his own supply house company and I was off to college.

[00:01:01] Like I said, never would be in sales, never would be in plumbing, not even on my radar.

[00:01:07] And I actually went to grad school here at Tulsi University and then got out and the path

[00:01:13] I thought I was going to take, I decided that wasn't the best path.

[00:01:16] So just working here and there, finding my own way.

[00:01:20] And in 1999, the company I was working with went out of business.

[00:01:26] Before that, some wraps out of Houston, Texas were calling on my parents and one of them

[00:01:32] said, hey, you know what?

[00:01:33] We're fixing to expand out of Texas and end oak, lollman, Arkansas.

[00:01:37] And my mom said, my son lives up in Tulsa and the company he works for is about to go

[00:01:42] under.

[00:01:43] So I always tell people I was hired then.

[00:01:45] And my parents had a good name, but they still wanted to meet with me.

[00:01:50] I met one of the principals in March of 99 at a trade show.

[00:01:53] I remember he called him as a Saturday.

[00:01:55] There was snow on the ground up here.

[00:01:56] He said, hey, once you come up here and talk to me, I said, I'm going to sweatshirt and

[00:02:00] ball cap jeans.

[00:02:01] And he said, no, no problem.

[00:02:02] Just come up here.

[00:02:03] He was at a home show and someone there and later I found out he called after meeting

[00:02:07] with me and told him, yeah, we got our guy.

[00:02:10] But they weren't ready to go with a hurry up here until October of that year.

[00:02:17] The company I worked for went out of business in June.

[00:02:19] I did some freelance work that summer and got another job.

[00:02:23] And then October 18th and 1990, now is when I became a rep and I covered all of Oklahoma

[00:02:28] and Arkansas.

[00:02:29] I drive about 4,000 miles a month.

[00:02:31] I usually put the babies to bed and my wife to bed sometimes and I would head out at nine

[00:02:35] o'clock at night and drive three, four hours into Arkansas to be ready together next

[00:02:40] day.

[00:02:41] I tried to minimize my time away from home, cut it shorter now in 2001.

[00:02:46] Some things had changed with the company I was with and I heard about this guy named Ted

[00:02:51] Perry and Oklahoma City who was looking for someone just for Tulsa.

[00:02:55] So I met with Ted and the one consistent description I would hear about Ted as he's

[00:03:01] a bulldog when he's on to something he doesn't let it go.

[00:03:04] Like he's a very good aggressive sales guy.

[00:03:07] And so I decided to go to work for him.

[00:03:10] That was in 2001, 2003 we partnered 2005.

[00:03:14] I took over the finances of the company and in the 2010 he wanted to scale back.

[00:03:19] So he moved from the Oklahoma City area to Tulsa and he's been doing our job quotes ever

[00:03:23] since.

[00:03:24] So he works half a day, five days a week with he knocks out over 500 quotes for us per

[00:03:28] year.

[00:03:29] We're heavily into the commercial specification work.

[00:03:32] To in between all that time, there's been another partnership.

[00:03:36] But as of 2019 came back as sole owner of Cornerstone sales.

[00:03:40] We were Ted Perry sales and Cornerstone sales at HMK and then been Cornerstone sales

[00:03:46] again.

[00:03:47] So that's my journey.

[00:03:48] I've worked primarily in Oklahoma.

[00:03:51] We have had Kansas and Missouri and Arkansas as part of our territory throughout those years

[00:03:58] and currently even have a manufacturer that will work with and have part of North Texas

[00:04:03] for their line as well.

[00:04:05] So that's the five minute version of almost 25 year career.

[00:04:09] Yeah, right.

[00:04:10] That's a lot.

[00:04:11] And you mentioned to me, we were chatting back and forth that your perspective might be

[00:04:16] unique in that you have a smaller territory than some reforms might but in some ways

[00:04:22] you're saying that's a pro and a con.

[00:04:25] So talk about that a little bit.

[00:04:26] Yeah, when we started talking, I was thinking the first time you reached out to me, I said,

[00:04:30] if you think I can offer anything any kind of information that's helpful, I'll be happy

[00:04:34] to talk with you and I got to thinking that is a challenge.

[00:04:38] There's a lot of small markets out there.

[00:04:40] I saw one of your programs.

[00:04:41] You had a new rep.

[00:04:42] I think he was in New York.

[00:04:44] Of course that I know there's a Northern New York reps and there's some that just cover

[00:04:48] New York City and I think the Northern New York reps have more of a smaller territory.

[00:04:53] Yeah, that we see a lot of challenges but I said there's also benefits to a smaller market.

[00:05:00] Let's talk about the good things about it.

[00:05:02] One good thing about having a rep and a smaller market is number one you've got the owner in

[00:05:08] that market working that territory.

[00:05:11] You don't have a salesman who's traveling into a market and that's what we see a lot

[00:05:16] and a lot of my comparison will be Texas versions of Guaoma.

[00:05:20] There's no doubt that sometimes we're just like a side car.

[00:05:23] A lot of manufacturers will hire someone in Texas.

[00:05:25] The Texas guy will say, hey, we go up to Oklahoma two or three times here.

[00:05:29] Can we have Oklahoma up there?

[00:05:31] That just that we have is number one, we are able to see everyone.

[00:05:36] I know over the years talking with other reps and different divisions of the plumbing industry

[00:05:42] that in some markets they just have their core group.

[00:05:46] They actually don't even touch every single distributor that they possibly could in their

[00:05:51] territory.

[00:05:52] Because either they're too far apart, too much travel time, not enough employees.

[00:05:57] Maybe too many lines that they've got to keep up with.

[00:05:59] They've got a target specific accounts that they know where they can grow their business

[00:06:03] and satisfy the manufacturers for us.

[00:06:06] If a manufacturer regional came to town, for instance, we could go see every purchasing

[00:06:11] agent in one day in Tulsa and probably make it one day in Oklahoma City but just say

[00:06:15] two.

[00:06:16] Technically in three days in the two major markets then we have some other good accounts outside

[00:06:21] of those markets.

[00:06:22] I would just say in four days you could cover the entire state of Oklahoma.

[00:06:26] A lot of other larger territories can't do that, especially large cities.

[00:06:31] It may take them an hour and a half to go from one call to another.

[00:06:34] I remember in my early days I could cram in five engineer calls in one day and some

[00:06:39] of the regionals were shocked about that because yeah, if they're in Dallas or Orlando

[00:06:45] or Los Angeles, they may get one or two calls a day.

[00:06:50] So we're able to impact our territory faster.

[00:06:53] How does that also help if we can see our customers and that sort of time period, that allows

[00:06:59] us to expand into the full sales channel.

[00:07:02] So we have relationships with end users, school districts, colleges, hospitals, any of

[00:07:06] the large facilities like that that we can now go and talk to our products about.

[00:07:10] Also architects, we do architect calls, we do engineer calls, we do contractor calls.

[00:07:16] So we can actually impact every stage of a project development, like I said, we do mostly

[00:07:22] commercial by having the time to do that because where the money and product is the transactions

[00:07:29] are done through the distribution, we're able to see them in a short amount of time and

[00:07:34] allows us to expand.

[00:07:36] So that's definitely one positive thing about having a small market is you have more opportunities

[00:07:40] to reach out to help pull the sell through.

[00:07:42] The other thing is in some cases we're able to go beyond just the plumbing industry.

[00:07:48] Throughout the years, there are some products we've had that we're able to develop into

[00:07:53] other type of industries, whether it be irrigation which something might think is plumbing

[00:07:58] that's a completely different type of sales channel than plumbing or water works.

[00:08:03] We've even had a stocking distributor in the concrete supply business and that because

[00:08:11] we have a small market, we're afforded the time to go and develop that as well.

[00:08:14] Whereas you go to some of the larger markets, one manufacturer may have three to four different

[00:08:20] rep agencies to handle three or four different industries that their products are sold in.

[00:08:27] So that's for a small rep that gives you opportunity to okay how can I get growth?

[00:08:31] I have X amount of distributors have X amount of contractors, engineers to go see who

[00:08:38] may actually be able to expand your market within your own territory just by now seeing

[00:08:43] I know this product is sold here as well.

[00:08:47] Is there someone that's actually calling on those types of accounts?

[00:08:51] In a lot of cases, they're not in a smaller market.

[00:08:54] Like I said, largest cities, there may be three or four different reps designated per industry

[00:09:00] but that's one thing that a small market rep can do is start to grow their business

[00:09:04] within their state outside of their normal scope.

[00:09:08] So you can expand because it's so efficient essentially, you can expand other more

[00:09:13] lines, different products within the same people you already already meet with.

[00:09:18] Yes.

[00:09:19] So you can get like he's saying to you, you're getting into different verticals like plumbing

[00:09:23] to me, I would have thought plumbing and irrigation were maybe one of the same but that's interesting

[00:09:28] that gives you if you're focused on plumbing, but if you've got the time and dedicate

[00:09:33] to the irrigation vertical, then that's a whole other set of business relationships

[00:09:39] that he can go develop and then turn that into really a whole other market.

[00:09:45] And then do you find like what percentage of your business is these new different

[00:09:50] verticals?

[00:09:51] I would say 10 to 20%.

[00:09:53] You never want to ignore your core.

[00:09:55] That's where any type of company can get in trouble.

[00:09:58] Do what you do best to make sure that's taken care before you start looking at other

[00:10:01] areas.

[00:10:02] But sometimes you're surprised at how quickly another area will develop.

[00:10:07] I've mentioned earlier, we've been in other states as well and that provided growth for

[00:10:12] us at that time but also realize that there was just so far that we could go without having

[00:10:17] someone physically in that market.

[00:10:20] And I think that's one of the advantages again a small market rep can have because over

[00:10:26] the last couple of years, we've had some opportunities to take on lines from reps that

[00:10:32] still had the product in a larger market.

[00:10:34] We were able to actually show significant growth to those manufacturers just because we're

[00:10:38] here.

[00:10:39] We live here, we know the people here, we've been in this market for over 20 years.

[00:10:44] We're not driving into this market once a month, once a quarter, whatever time period

[00:10:49] was, we're here every day working it.

[00:10:53] And because of that when we have those kind of relationships even if I go call on to

[00:10:59] a plumber with brand A, it helps brands be through D as well because that relationship

[00:11:06] is such that if I take care of that plumber or that distributor or that engineer has really

[00:11:11] always had to sell a service.

[00:11:13] There are different faucet companies out there now, they're different valve companies.

[00:11:17] Really the service is what we have to sell because most everyone's product, but they

[00:11:23] have to go through code approvals and everything else like that or good products.

[00:11:28] So if you go and take care of people and they like working with you and all of a sudden

[00:11:33] they're not just buying brand A from you, they are buying brand BCD and E at that point.

[00:11:38] And that's another key thing about being able to maintain and stay within a small market

[00:11:44] is that relationship building over years because there are sometimes there's things going

[00:11:49] to happen to a rep that you can't control.

[00:11:52] You've not done anything wrong and there's all kind of decisions made out there where

[00:11:55] there are manufacture, the size to go, we want our own factory direct salespeople or

[00:12:00] a merger.

[00:12:02] And it's the relationships that you've built over the years that helps you recover and

[00:12:06] weather those changes and make it through.

[00:12:09] I think you hit the nail on the head.

[00:12:11] We've got a bigger footprint geography wise in the utility space.

[00:12:15] We cover from Maryland, Delaware down to Florida over to Mississippi.

[00:12:20] I kind of honed in on one thing you said is you guys live in your territory right?

[00:12:25] You wake up every morning and you figure out how am I going to sell more product in Oklahoma.

[00:12:31] And I'm a big believer, I don't care what size you are, you got to have number one, you

[00:12:37] got to have the right people.

[00:12:38] And then number two, they have to be in the territory.

[00:12:41] I want somebody in Richmond waking up every day thinking, all right, how am I going

[00:12:44] to sell more product in Virginia?

[00:12:47] If you're coming in once or twice a year, you're not accomplishing anything in my opinion.

[00:12:52] You can be effective if you've got one customer up there, but if you're truly going to

[00:12:56] cover a territory, you need people that are living it and breathing it every day, 365.

[00:13:01] So we're a little bit bigger and that's the way we do it, but I think we agree on the

[00:13:05] same front that you have to have people that are dedicated living in a territory that

[00:13:11] build those relationships ever appear to time.

[00:13:13] And that gives you the ability to develop that territory.

[00:13:15] And then that's when more lines come and that's when you can start you do a good job

[00:13:19] here.

[00:13:20] Okay, we need some help here.

[00:13:21] We start making some business decisions, but I think the main point is is that you got

[00:13:25] to have people dedicated to a particular area 100%.

[00:13:29] Yeah.

[00:13:30] Absolutely.

[00:13:31] Interesting point you brought up is they service right services essentially what you're

[00:13:36] selling and as a business owner, I'd be interested to hear how do you ensure that that

[00:13:41] service is top notch?

[00:13:42] There's probably a lot of things.

[00:13:44] How do you hire the right people or how do you train them or how do you ensure that the

[00:13:48] service you're providing your folks is what you want it to be essentially?

[00:13:52] That was a great question and I'm definitely not an expert that you have.

[00:13:56] I've had successes and failures both like everybody in the business world.

[00:14:00] What we strive to do is at least have an answer back to our customers in an hour or less.

[00:14:08] And the reason I say that number one, we try to be experts in our own product because

[00:14:13] that way we can respond quicker.

[00:14:16] But there are sometimes, especially with today's dynamics, the difficulties with the workforce

[00:14:20] with everyone, sometimes our answer has to come from a manufacturer and the person

[00:14:27] or contact there may have to get an answer from someone else who may have to get an answer

[00:14:31] from someone else.

[00:14:32] So the key is I think though, is as long as you're staying in communication with your customer

[00:14:39] and letting them know the steps you're taking or the difficulties that you're having

[00:14:44] to give information or maybe if why maybe someone's out of town keeping in contact, I think

[00:14:49] speaks volumes because I know number one that you haven't forgotten them.

[00:14:53] It's not gone cold.

[00:14:55] Their concern is also your concern.

[00:14:58] So that's one of the things that I think as far as providing service is just try to

[00:15:02] maintain key contact.

[00:15:04] We all get busy.

[00:15:05] There's things sometimes I'll see something and I'm like, I can't believe I forgot to do

[00:15:08] that.

[00:15:09] So I just try to immediately take care of it, apologize, hey, just want to let you know

[00:15:14] where we're at with this situation.

[00:15:16] I think also knowledge is power.

[00:15:18] I love schoolhouse rock when I was a kid and that's one phrase from it.

[00:15:20] I remember knowledge is power and like I said, I think the more you can be an expert

[00:15:25] with what you sell, the more benefit you are to your customer.

[00:15:29] One of the things that I really enjoy is the teaching aspect of being a rep and I love

[00:15:34] also working with the designers and engineers.

[00:15:37] And I have a group of designers and engineers who email me or call me and ask questions

[00:15:43] and I will get them answers even if it's not one of my product, I've even connected another

[00:15:47] rep with an engineer one time who I didn't have a product that would meet their needs.

[00:15:52] I felt like they were had a good product and also have respect for that rep.

[00:15:56] I'll connect them.

[00:15:57] So I want to be the first point of contact for any type of problem they have to help

[00:16:02] them with a solution.

[00:16:04] I think that's the other part too is just that willing to serve, willing to do service,

[00:16:08] our customers is key.

[00:16:10] The rep business is not for everyone.

[00:16:13] There's a lot of working parts to this.

[00:16:16] Being in a small market we have multiple manufacturers that we work with.

[00:16:20] You have to be under toes with who's in whose distribution center, who's in whose buying

[00:16:24] group and things like that and help satisfy any type of needs that their customers have

[00:16:30] whether it's with pricing defectives, that's a big thing.

[00:16:34] Being on the spot to help troubleshoot that goes back to knowing your product.

[00:16:38] So those are just some things that just off top of my head I'm thinking of that.

[00:16:41] I think that's what our customers want most.

[00:16:45] They want to know that someone's there to support them when they need it and whereas

[00:16:50] I feel like we have thousands of skews to sell maybe hundreds of thousands, our distributors

[00:16:55] have millions of things and they can't be the expert in every single thing that they

[00:17:00] sell.

[00:17:01] But if they know someone that they can call, that they know can help them out facilitate

[00:17:05] a sale, facilitate a problem, that's where the strength of a rep can really shine.

[00:17:10] I think that's just good business in general right?

[00:17:12] If you're the guy always helping out as much as you can even if it doesn't like your saying

[00:17:17] you refer a business even if it doesn't directly impact your bottom line it still helps

[00:17:22] out the customer still helps someone find a solution that they need and you guys, right?

[00:17:26] It's a very consultative kind of a scenario that you're usually in right?

[00:17:31] That's right.

[00:17:32] That's what it is.

[00:17:33] However you can.

[00:17:34] So that's cool.

[00:17:35] But you've had some big successes, big failures.

[00:17:37] Can you maybe just one of your favorite stories of one of the major successes you had

[00:17:42] in your company and kind of what led to that and what you learned from it?

[00:17:46] I would say this last year we had a situation where we had two major manufacturers had actually

[00:17:52] decided to do two different things.

[00:17:54] One went with factory direct reps, the other one was bought out and then there was a lot

[00:17:59] of shifting and rep changes.

[00:18:03] I thank God for this.

[00:18:04] I'm a believer and there's some things that have happened last year that have been completely

[00:18:08] amazing to me that have never happened in my 20 plus career.

[00:18:12] We lost 75% of our income in November 1st of 2022.

[00:18:17] So think about that.

[00:18:18] God, say you live off a hundred dollar bill and then all of a sudden you're living off

[00:18:21] $25.

[00:18:22] You're trying to take care of your family, your employees and their families and what

[00:18:27] do you do?

[00:18:28] And there had been some things that had actually been in work ever since 2021 that I didn't

[00:18:33] even know that I would need but it already started to come into play.

[00:18:38] That would be exactly what I needed when this happened.

[00:18:40] So this last year one of my favorite things to say and the thing that I feel really good

[00:18:45] about one of the manufacturers that we partnered with has been fun working with them.

[00:18:49] It's been fun selling there were one of the things that happened in 2021 that I didn't

[00:18:52] know how much of an impact they would be on our business to keep us going and while

[00:18:57] we're still here today, but in about a two and a half year period before we became their

[00:19:02] rep, I was what their sales numbers were.

[00:19:06] And this last between July and October, our total sales of that period was greater than

[00:19:13] what they had done that two and a half year period.

[00:19:15] And then actually this last December, November, those sales were greater than what they had

[00:19:21] done in a two and a half year period.

[00:19:22] So that kind of thing is fun because you're back against the wall.

[00:19:26] You're not even sure you're going to be here the next day.

[00:19:29] The way business works, this could all end tomorrow and that's the way it is but you know

[00:19:32] what?

[00:19:33] It's been a great ride and there's no regrets and it's what I was meant to do now.

[00:19:37] Maybe there's something else later on.

[00:19:39] But that's one of my favorite stories I've told people about recently who asked is that

[00:19:43] yeah, we got our legs knocked out from under us but we had a plan.

[00:19:48] We followed it.

[00:19:49] We believed things would happen and we were able to see some successes happen in 2023

[00:19:55] to help ride us back.

[00:19:57] So I consider 23 the recovery year and then us getting back on our growth pattern this

[00:20:03] year.

[00:20:04] That's impressive.

[00:20:05] You lose a line like that.

[00:20:07] It's 75% in your business.

[00:20:10] That's yeah.

[00:20:11] It was two different companies and both manufacturers, it affected many reps.

[00:20:15] I know of one rep on one of those that had to lay off multiple people and they are in

[00:20:20] a bigger market.

[00:20:21] And that's maybe one of the benefits to being a smaller market is impacts can be a little

[00:20:26] bit less than in larger markets because they have to serve us so much more and have

[00:20:30] some much more personnel that this company had to lay off more than 10 people just for

[00:20:36] one line.

[00:20:37] But yeah, it's two different companies and like I said, it's I've never felt like I shouldn't

[00:20:43] still be doing this.

[00:20:44] That's one of the things that's kept me going.

[00:20:46] I never felt like I needed to go search for something else right now or anything.

[00:20:50] I've been doing this for 20 something years.

[00:20:52] I know how to do this.

[00:20:54] I believed in the manufacturers and I believe in myself.

[00:20:56] And that's the other thing to talk about success.

[00:20:58] I shouldn't even be talking anymore without saying that sales team I have, that people

[00:21:02] have on my team that do the things they do and I tell them how important every one of

[00:21:07] them they are because if the inside salesperson is not taking care of order entry and customer

[00:21:12] service issues, then the outside salespeople can't be out trying to generate new business.

[00:21:18] The outside salespeople is now generating new business.

[00:21:20] The inside salespeople won't have a orders to enter or customers to take care of.

[00:21:25] Or if the quotations person start putting out new quotes and outside salespeople won't

[00:21:30] have jobs to go on and try to earn the business.

[00:21:34] So I know a lot of times a lot of companies are segmented and some people hire elevation

[00:21:40] to certain departments, but for us, strictly everyone's on the equal playing field and I

[00:21:45] associate it like with football.

[00:21:46] Yeah, we know who the stores are.

[00:21:48] You're not going to get VIP if you're offensive line isn't there to block.

[00:21:53] So that's a big key to success at ISRA team and I couldn't have done all this without

[00:21:59] them.

[00:22:00] So I definitely want to say that too.

[00:22:01] Two things, I'm big on sports analogies.

[00:22:03] I think everyone of them I've always incorporated into our podcast but we believe the same thing

[00:22:09] with it in T.S.

[00:22:10] It's it's a truly a team sport being a manufacturer's rep and just because you don't take a

[00:22:17] right guard and put them out at wide receiver, but they're both equally important because

[00:22:23] they both got a job to do to win the game and 100%.

[00:22:28] I think you hit the nail in the head.

[00:22:30] I think the successful reps out there are the ones that realize that hey inside sales

[00:22:35] is just as important as outside sales and in vice versa, but we can't do it out each

[00:22:40] other and we all got to be going run at the same play.

[00:22:43] You do your job, you do your job and then we all get it across the goal line.

[00:22:48] The second thing is you talked about going back to the 75% piece, that's what keeps.

[00:22:54] I think a lot of us as reps up at night are these things you can't control.

[00:22:59] These manufacturers they get balled out and we've all been through it right and I think

[00:23:03] we've all probably been through it where you might win, you might get that line.

[00:23:08] There's two different reps you get to line but there's a lot of times you don't.

[00:23:11] It's not a matter of hey this rep maybe did a better job than you sometimes it's just

[00:23:16] a politics behind it.

[00:23:18] Big guy buys a little guy then it all of a sudden, but just basically it just works out

[00:23:23] that way.

[00:23:24] Sometimes it doesn't work like that and that's the part that I think you're mentality of

[00:23:29] okay we're going to take ourselves up by the bootstraps and we're going to work as a

[00:23:33] team and we're going to dig out of this and sound like you guys are poised for more growth

[00:23:37] in 2024 so I think that's awesome.

[00:23:39] That's a heck of a story to tell.

[00:23:40] I enjoy telling it and another side note too I just thought of that's also cool that

[00:23:46] another great thing about being in a small market is even your competitors or friends

[00:23:51] and we actually gained five new lines from three other rep agencies.

[00:23:59] A couple of them approached me as soon as they had heard what the second company when

[00:24:04] the decision was made, I had two approach with that same month saying hey one had a situation

[00:24:10] to where they had a merger so they were having to make a decision.

[00:24:13] Hey would you be interested in this line and yes the other one was actually a product

[00:24:18] line that we had been the rep before I had merged and when it was back with the original

[00:24:24] cornerstone name and he said but it's really not that fit and what I do is more commercial

[00:24:29] engineer design product he has that would you want it back?

[00:24:32] I said absolutely.

[00:24:33] And then the third one, an owner of a rep company in Oklahoma actually sold out to a larger

[00:24:39] firm in Texas and he called me this last August and said hey I'm selling out.

[00:24:44] I haven't fully announced it yet just one enough if there are any of my lines that you

[00:24:48] want and he named off four of them and we were able to join forces with three so even that

[00:24:56] some of those things like I said like things that I've never seen in my life.

[00:24:59] What other industry, what other territory does your competition actually help support you

[00:25:04] and help you get back on your feet?

[00:25:07] It's just a real cool testimony to the people we have here in Oklahoma.

[00:25:11] Yeah, that's awesome.

[00:25:13] And I think it's the rep community as a whole there's always friendly competition out

[00:25:17] there and I think it makes us all better number one.

[00:25:20] We've experienced the same things and it's a unique community when you're talking about

[00:25:25] the reps and that's a neat story.

[00:25:27] Talking about that right there.

[00:25:29] That's cool.

[00:25:30] Yeah.

[00:25:31] I know we're a little bit past time here.

[00:25:32] We appreciate you coming on.

[00:25:33] Is there anything else that you wanted to share maybe with the audience that you've

[00:25:37] learned or maybe people have questions?

[00:25:40] Maybe they're in a similar situation as you and they want to reach out and chat and get

[00:25:44] your perspective on things.

[00:25:45] How can people reach you and close out with that?

[00:25:49] Yeah, first I'm on LinkedIn.

[00:25:51] That's how you found me.

[00:25:53] So, Mike and Mosley, CPMR for any rep, I definitely am a big proponent of CPMR.

[00:25:59] It's a certified professional manufacturer's representative course.

[00:26:03] When I took it, it was in Austin.

[00:26:04] I think years ago as an Indiana and even at Thompson Phoenix.

[00:26:08] It's three year program and it's helped me out.

[00:26:12] Some things I found that I was doing okay and some things I found out I needed to change

[00:26:17] or have a different perspective on so they can reach me.

[00:26:20] I don't know if you can give my number out.

[00:26:22] It's totally up to you.

[00:26:24] Yeah.

[00:26:25] I probably started out with an email, Micah, M-I-C-A-H at cornerstonecels.net.

[00:26:33] If anyone wants to reach out to me and then we can schedule a conversation, I'll be happy

[00:26:37] too.

[00:26:38] I love helping people out so they have questions or anything.

[00:26:41] I'll give my half a cent of information to know if it's a full two cents but yeah, anything

[00:26:48] different, buddy.

[00:26:49] Sounds great.

[00:26:50] That's cool.

[00:26:51] We appreciate it, Mike.

[00:26:52] We're coming out here and chat with you.

[00:26:53] This is fun conversation.

[00:26:54] Yeah, man.

[00:26:55] Thank you very much.

[00:26:56] Nice to meet you.

[00:26:57] It was fine.

[00:26:58] Nice to meet you all.

[00:26:59] Stay in touch.

[00:27:00] Hope it was helpful and it will help somebody.

[00:27:02] Thank you.