In this episode, Brock speaks with Josh Thompson. Josh is a former Army medevac pilot and now a fractional CFO. In this conversation, we talk about the family dynamics of the military, and how to live for your legacy and not your resume. We hear about Josh's experience in command of several field hospitals in the army and how he managed finances for several struggling activities. He also goes in depth on the challenges facing medical services, both in a civilian capacity and in the service from a readiness perspective, I hit him with a hot question of whether or not pregnant women should be allowed in the service or not as well enough to listen through to hear his take on that. We also talk about some of the financial challenges SMB owners face and the best practices for having clean financials and operations, m&a, and raising money.

Episode Resources:

Fractional CFO Services: https://www.kordis.io/

Josh on Twitter: https://twitter.com/josherau

Show Notes:
00:00 Welcome to the Scuttlebutt podcast.
1:39 The most important thing he’s anticipating in this season of transition.
7:49 Where are we going to settle?
14:41 What the service means to people is unique.
22:26 How he landed where he is today.
28:45 How the Army offered to pay for his grad school.
33:35 What was driving the misappropriation of money?
36:59 The importance of managing your hiring process.
44:30 Working with so many layers of complexity in the military.
47:28 What were the big lessons or takeaways from this process?
54:02 What’s the purpose of the Defense Department?
57:48 The second hard question that really challenges the Surgeon’s Journal and the services.
1:04:15 What happens if you’re in the middle of the Middle East and you have to find a host nation provider that can provide the same service.
1:07:51 Mental health is a big issue in the service.
1:13:35 What are some of the repercussions that we’re feeling from using the healthcare system?
1:16:04 What is direct primary care? What is it?
1:20:48 Why you need to join a BNI group.
1:23:54 What business owners are struggling with.
1:31:04 The proliferation of fractional roles and their importance.
1:33:53 What’s the one thing that small business owners constantly mess up when it comes to their finances and something that you could articulate that they could.

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The Scuttlebutt Podcast - The podcast for service members and veterans building a life outside the military.

The Scuttlebutt Podcast - The podcast for veterans starting, buying, and scaling businesses. Show host, Brock Briggs, talks with veteran business owners and operators about the specific tactics used in their business and how to apply them.

Get a free weekly breakdown of the tactics from the discussion at https://www.scuttlebuttpodcast.co/.

Follow along:
• Episode & transcript: https://www.scuttlebuttpodcast.co/82-diagnosing-the-issues-in-military-and-civilian-medical-practices-with-josh-thompson/
• Brock: https://www.brockbriggs.com/