Kevin Lackey's guest appearances

Kevin Lackey

The Fort - An Entrepreneurship Podcast

Legends in Leadership

The Retirement Remix

Naval Ravikant

James Beshara

Moses Kagan

Steve Robinson

Robin Sharma

Brad Hargreaves

Ayesha Selden

Austin Rief

Allen West

Brent Beshore

Beth Azor

Matteo Franceschetti

Jilliene Helman

Craig Fuller

Chris Bloomstran

OwlTail

Kevin Lackey is the President and CEO of Freedom Powersports, a dealership group based out of Fort Worth, Texas with 13 locations spanning three states. His career in the powersports industry started in 1998 where he worked his way up from a porter to manager to general manager and now owner and operator. Through strong leadership skills, dedication to operational excellence, and commitment to the industry he helped grow Freedom Powersports from $34.8M in sales in 2012 to a project of $157M in sales for 2021. Outside of Freedom Powersports, Kevin is on the Board of Directors for First Financial Bank, Motorcycle Industry Council, Yamaha Financial Services Council, BRP Dealer Advisory Council, Yamaha Financial Services Dealer Council, Texas Motorcycle Dealers Association, YPO Fort Worth Chapter Member and is on the Advisory Board for National Center for Middle Market. In 2019 Kevin was named the Entrepreneur of Excellence for the category of retail for Fort Worth Inc. Magazine and in 2016 he was named to the 40 under 40 by the Fort Worth Business Press. With continued growth on his mind, he has also become an active member of his community in Aledo, TX, started a podcast, and is always looking for the next opportunity. On this episode Chris and Kevin discuss:  Deepdive into powersports industry since COVID.  Best practices learned over the years that helped build a great team and business. What he’s glad he did for the business so that it was easier to sell. (Sold to Rumble On.) Why Kevin has built a life that balances his family life with a demanding work schedule. Links:Kevin on LinkedInEpisode #4 of The Fort with Kevin LackeyThe House that  Built Me by Miranda LambertSupport our Sponsors:Frank Kent CadillacCRE Daily Newsletter Fort Capital Topics:(3:25) - Reminiscing(4:54) - How would you describe your business?(6:02) - What happened to Powersports during Covid?(9:20) - Why does focus matter so much?(12:05) - The power of EOS(17:15) - How did you navigate the Pandemic? (30:23) - Is there anything you learned in the early months that will serve you the rest of your life?(32:58) - When did you start to consider the process of selling the business?(45:29) - What are the things you’re happy you did to get the business ready for a successful sale?(49:27) - How did you delegate duties to your CFO?(51:34) - Net Working Capital(1:02:16) - Are there things you wish you’d done to get the business ready for a successful sale?(1:04:22) - The experience of closing on the sale(1:09:09) - The importance of Fatherhood

Kevin Lackey is the President and CEO of Freedom Powersports, a dealership group based out of Fort Worth, Texas with 13 locations spanning three states. His career in the powersports industry started in 1998 where he worked his way up from a porter to manager to general manager and now owner and operator. Through strong leadership skills, dedication to operational excellence, and commitment to the industry he helped grow Freedom Powersports from $34.8M in sales in 2012 to a project of $157M in sales for 2021. Outside of Freedom Powersports, Kevin is on the Board of Directors for First Financial Bank, Motorcycle Industry Council, Yamaha Financial Services Council, BRP Dealer Advisory Council, Yamaha Financial Services Dealer Council, Texas Motorcycle Dealers Association, YPO Fort Worth Chapter Member and is on the Advisory Board for National Center for Middle Market. In 2019 Kevin was named the Entrepreneur of Excellence for the category of retail for Fort Worth Inc. Magazine and in 2016 he was named to the 40 under 40 by the Fort Worth Business Press. With continued growth on his mind, he has also become an active member of his community in Aledo, TX, started a podcast, and is always looking for the next opportunity.  On this episode Chris and Kevin discuss: <ul> <li>Deepdive into powersports industry since COVID. </li> <li>Best practices learned over the years that helped build a great team and business.</li> <li>What he’s glad he did for the business so that it was easier to sell. (Sold to Rumble On.)</li> <li>Why Kevin has built a life that balances his family life with a demanding work schedule.</li> </ul> Links:<a href="https://www.linkedin.com/in/kevin-lackey-71912424/" rel="nofollow" target="_blank">Kevin on LinkedIn</a><a href="https://open.spotify.com/episode/72RJZtj0KhWbBt8kYqMUoy?si=7c206f58b36b4ffc" rel="nofollow" target="_blank">Episode #4 of The Fort with Kevin Lackey</a><a href="https://open.spotify.com/track/02eD9ymfJOJOhM97HYp5R9?si=428b06e20ca945a5" rel="nofollow" target="_blank">The House that Built Me by Miranda Lambert</a> Support our Sponsors:<a href="https://www.frankkentcadillac.com/" rel="nofollow" target="_blank">Frank Kent Cadillac</a><a href="https://www.credaily.com/" rel="nofollow" target="_blank">CRE Daily Newsletter </a><a href="https://fortcapitallp.com/" rel="nofollow" target="_blank">Fort Capital </a> Topics:(3:25) - Reminiscing(4:54) - How would you describe your business?(6:02) - What happened to Powersports during Covid?(9:20) - Why does focus matter so much?(12:05) - The power of EOS(17:15) - How did you navigate the Pandemic? (30:23) - Is there anything you learned in the early months that will serve you the rest of your life?(32:58) - When did you start to consider the process of selling the business?(45:29) - What are the things you’re happy you did to get the business ready for a successful sale?(49:27) - How did you delegate duties to your CFO?(51:34) - Net Working Capital(1:02:16) - Are there things you wish you’d done to get the business ready for a successful sale?(1:04:22) - The experience of closing on the sale(1:09:09) - The importance of Fatherhood

#251: Kevin Lackey - President of Freedom Powersports - Selling Freedom, Market Overview since COVID, and prioritizing what's important.

Kevin Lackey serves as the President and CEO of Freedom Powersports, LLC. And is also the largest individual owner of the company. Kevin began his career in powersports at the current Freedom Weatherford location in 1998 while attending Weatherford College. Freedom Powersports now operates 14 dealerships and has grossed over $134M in sales annually.

Kevin Lackey | Episode 57

Chris sits down with Kevin Lackey, CEO and President of Freedom Powersports and fellow YPO Fort Worth member. Kevin and Chris talk about Kevin’s journey from humble beginnings to becoming the leader of a $150 million dollar enterprise. Kevin has an amazing story and we hope you enjoy hearing how is hunger for success has helped him become who he is today. For more information on Chris Powers and Fort Capital, visit www.fortcapitallp.com Follow Chris on Twitter: @Fortworthchris Make Contact with The FORT at thefortpodcast@gmail.com 01:13 — Kevin’s Background 03:02 — What was your childhood like? 11:34 — Was there a moment when you gained the confidence to overcome insecurity? 21:53 — What has the book Traction and EOS meant to you? 33:45 — How did you get into the motorcycle business? 39:26 — When did it become apparent that there was an opportunity to buy a dealership? 41:33 — Becoming Service Manager 43:46 — New Owners and Structure at the Dealership 52:44 — First Attempt at Ownership 1:06:53 — Working as General Manager 1:08:39 — Second Attempt at Ownership 1:15:18 — The Obvious Next Choice 1:21:02 — What is the end goal for Freedom Powersports? 1:27:22 — What is your advice for people who are on the fence about doing something? 1:34:45 — Dark Side of Social Media

Chris sits down with Kevin Lackey, CEO and President of Freedom Powersports and fellow YPO Fort Worth member. Kevin and Chris talk about Kevin’s journey from humble beginnings to becoming the leader of a $150 million dollar enterprise. Kevin has an amazing story and we hope you enjoy hearing how is hunger for success has helped him become who he is today. For more information on Chris Powers and Fort Capital, visit <a href="http://www.fortcapitallp.com" rel="nofollow" target="_blank">www.fortcapitallp.com</a> Follow Chris on Twitter: @Fortworthchris Make Contact with The FORT at <a href="mailto:thefortpodcast@gmail.com">thefortpodcast@gmail.com</a> 01:13 — Kevin’s Background 03:02 — What was your childhood like? 11:34 — Was there a moment when you gained the confidence to overcome insecurity? 21:53 — What has the book Traction and EOS meant to you? 33:45 — How did you get into the motorcycle business? 39:26 — When did it become apparent that there was an opportunity to buy a dealership? 41:33 — Becoming Service Manager 43:46 — New Owners and Structure at the Dealership 52:44 — First Attempt at Ownership 1:06:53 — Working as General Manager 1:08:39 — Second Attempt at Ownership 1:15:18 — The Obvious Next Choice 1:21:02 — What is the end goal for Freedom Powersports? 1:27:22 — What is your advice for people who are on the fence about doing something? 1:34:45 — Dark Side of Social Media

#4: Kevin Lackey - CEO & President of Freedom Powersports