Wall Street Is Moving to Dallas

➡ Jeff Mead, the director of entrepreneurship at Paul Quinn College in Dallas, believes in teaching students entrepreneurial skills to prepare them for future jobs that may not yet exist. He encourages students to learn by doing, receiving feedback from the marketplace, and adjusting their approach accordingly. The college is located in Dallas, where many Wall Street firms are relocating, providing a unique opportunity for students to learn and adapt in a rapidly changing business environment. The discussion also touched on the importance of slow, steady weight loss and maintaining health during the process.
➡ The text discusses the importance of fostering entrepreneurial spirit, especially in a rapidly changing business landscape. It highlights the need for access to networks and belief in oneself as key factors for success in entrepreneurship. The text also criticizes traditional business education for not adequately preparing students for the unpredictable nature of entrepreneurship, suggesting a more hands-on, problem-solving approach. Lastly, it emphasizes that the real learning comes from doing, not just planning.
➡ Running a business involves emotional highs and lows, and it’s important to balance persistence and confidence. Creativity sets us apart from AI, but we must also learn to incorporate AI without letting it do all the thinking. There are products that can aid in weight loss and detoxing, like liver health formulas and lymph support systems. Lastly, credentials can show expertise, but it’s also important to have practical experience and the ability to apply knowledge effectively.
➡ The text discusses the challenges faced by today’s generation in communication and writing due to the reliance on technology, particularly AI. It highlights the importance of teaching students to use AI tools effectively and think independently. The text also touches on the shift of businesses from New York to Dallas due to tax policies, and the implications this has on employees and their families.
➡ The text discusses the benefits of living and working in cities like Austin compared to more expensive cities like San Francisco and LA. It also talks about the importance of protein for hair health and promotes a shampoo product. The conversation then shifts to the impact of AI on jobs and the need for education to adapt to future job markets. Lastly, it emphasizes the importance of embracing change and innovation in business and education.
➡ The speaker is praising someone’s innovative approach, which he believes could be a model for others. They discuss how this person is constantly testing new ideas, learning from the results, and adjusting their strategy. The speaker encourages others to learn more about this person’s work through their websites. The conversation was enjoyable and insightful.

You could go into ChatGPT, you can go into Claude, type in a prompt and have a business plan in seconds. So you haven’t learned anything, right? So we don’t even do business plans in the traditional sense. I tell them I want a one page document telling me where they’re going to go, how they’re going to get there, what are the biggest roadblocks they’re going to encounter. And if they can figure that out, then I say go do it. Right. And so the learning actually happens with the doing. Right? As soon as they start doing it, then the marketplace gives them feedback and says, actually we don’t like your product.

Actually, we don’t like this price. Thank you for listening, thank you for sharing. And please subscribe below and think about joining my substack at Sarah Westall substack.com or my newsletter. You can sign up for that as well@Sarah Westall.com and remember to give a thumbs up and to subscribe on the platform that you’re watching. Welcome to Business Game Changers. I’m Sarah Westall. I have Jeff Mead coming to the program. He is the director of entrepreneurship at Paul Quinn College in Dallas. And I got to talk to this guy because they’re looking at it all differently. They’re layering on top for most of their students an entrepreneurial emphasis because they’re saying that jobs, we don’t even know what we’re training people for anymore.

And everybody needs to be able to be an entrepreneur in their own field. Like if we have somebody who’s an accountant training for being an accountant, they better learn some entrepreneurship skills because they’re going to have to figure out and forge their own jobs or figure things out. And his big thing is we’re training these kids for jobs we don’t even know they’re going to have in four years. And so they’re rethinking education. And I’m like, this is what the country needs to do. And they’re leading the way, which makes it so much fun, is that they’re also in Dallas where Wall street is moving huge.

I mean, people are hearing about this. Huge sections of Wall street are moving to Dallas. And we talk about he’s in the center of that and what does that mean for business and this country and how does his programs serve their needs? I really hope people take what he’s saying to heart and especially people in companies and universities and all over the place and learn from these different ideas on how we can forge forward if we don’t do this we’re going to harm entire generations because they aren’t prepared. As AI is taking over jobs, we need people prepared for creating new jobs, for being creative and rethinking these things.

And, and that’s what they’re looking at doing. I think it’s a fascinating discussion, so I hope you listen to the whole thing. Before I get into this, I want to tell you I have a webinar with Diane Kayser, Dr. Diane Kaiser. It’s on replay right now. I’ll have the link below. You can see it@westallmedia.com or on my substack, but the link will be below. We are talking about endocrine disruptors and you know we had a study that four to eight year old girls are going into early puberty. It was a peer reviewed study out of Spain.

This is happening that boys who test men’s testosterone is lower. It’s all because of these endocrine disruptors. So we’re talking about that, where it’s coming from, what the hell is going on. And then we also talk about the most popular peptides and people peptides are getting this bad rap because people are taking GLP1s without, without being wise about it. And they’re losing weight too fast. They’re not fixing the underlying issues and they’re just, they’re becoming sick because they’re not getting the proper nutrition while they’re losing weight. And their body even equipped to dealing with the toxins that are coming out of your fat because that’s where the toxins are stored is in your fat cells.

So you’re dumping it onto your body and you’re doing it too fast and it’s just a nightmare. And also people are losing muscle, they’re losing a lot of muscle and then after they’re done losing their 50 pounds, they’re rebounding really quickly. So it’s just a nightmare situation because they’re not doing it smart. And so I always tell people, you know, because we’re using Reti Truetide and then I have two other peptides to take that helps with burning and building muscle. I have my ultimate peptide guide for weight loss and muscle preservation and it’s turning out to be better.

This advice that I gave a couple years ago with all the new research is even better as they’re learning things of how good that protocol is. But in this webinar we talk about slow, slow, slow, slow. Start at low percentages. If you’re going to go on rhydatrutide, start low. Just be Smart. And if you’re going to lose weight 30 pounds in a month. If you hear an advertisement where someone says you can lose 30 pounds in a month and run from that, if you lose five or less points, three pounds a month, and you just do it steady and you preserve your muscle, you’re looking at your protein, especially if you’re a woman.

I mean, men can lose weight faster. Their bodies are made for that. But if you have a hell of a lot of weight to lose, lose it slow. And women, it’s okay. If you have £15 to lose and you lose three a month, in five months, you’re going to be down to what you are. But you preserve your muscle, you’re healthy, you’re getting your protein. So we talk about all that in the webinar. And with this obesity epidemic we have and people abusing GLP1s, this is the type of webinar and information people need to listen to.

So I’ll have the link below. I’ll also have links below where you can get my ultimate peptide guide. And I hope you guys take this stuff seriously, because if you’re on a weight loss journey journey, people are getting really bad advice out there. And it’s important that you slow down and you learn about the underlying principles of what’s going to make this successful for you. Because we don’t want you sick. We want you really healthy and vibrant and being able to go about your life and living longer. And that means you need to have the foundation down.

Okay, all the links will be below for that. Okay, let’s get into my conversation with Jeff Mead. Hi, Jeff. Welcome to the program. Hey, Sarah. Thanks for having me. Glad to be here. Well, I think what we’re going to be talking about today is really important. You are really pushing for people learning entrepreneurial skills, especially the young people. This touches my heart because I’ve built companies and I also taught entrepreneurship at the University of Minnesota for a few years. And so I’ve thought about it a lot. Right. And I. I’ve come to the conclusion, and I.

I want. Maybe I shouldn’t even talk about my conclusions, but I’m gonna say, let’s hear it. Let’s hear it. I’m. Yeah, like I said, I’m a little bit. Not. I’m a little bit at the. On the negative side of this is where the country is at. But I do want to say that creativity is the most persistence and creativity and confidence. You try to teach confidence. I was reading that about you. You don’t have persistence without confidence, right? That doesn’t come, that comes together, but creativity. One thing I’ve learned is that the students that were in business school taking entrepreneurship classes didn’t do or even majoring entrepreneurship, which is kind of a different deal, didn’t do as well as artists coming out of art school because they are more creative at solving problems and they don’t know what they don’t know.

A lot of times people who don’t know what they don’t know, but have persistence and confidence end up being the most successful because they don’t know that they should fail. They don’t know that this isn’t the right way to do it. So they do it and ends up working. Right? Right. Yeah. So why, why have you gotten into this area? Why is it? That’s a great question. Yeah, that’s a great question. So I’ve been an entrepreneur all my life and I’m old enough to say that when I first started, we didn’t call ourselves entrepreneurs, right? Like we owned businesses or we were trying to scale the business, but no one wanted to be known as an entrepreneur, right? It was because entrepreneurs were just kind of toiling away.

But why I really want to do it is a few years ago I was running my own shop and we were doing management consulting. I was doing management consulting for ad agencies and there were no agencies that look like me that were part of my client base. And I simply was like, well, why is this? Right? I just couldn’t understand it. And you know, as I did some digging, a lot of the minority owned agencies tended to be smaller. The agencies I worked with were like 3 to 5 million. We were trying to scale them to double that so that, that X’d out a lot of people.

But still I just wanted to find out like, where are they? And just couldn’t find them. And did some more digging and just realized there just weren’t enough black entrepreneurs. And so I was trying to figure out a way to help solve that problem. And so I was like, why isn’t there, is it a confidence issue? I mean, because it’s the same thing with, there’s certain classification of people, I shouldn’t say stereotype people who just are more inclined to go into entrepreneurship. Why is that? It’s all about networks, right? Like what do you have access to? What have you seen what seems believable for you, right? Like when I was undergrad, I went to Babson College, number one school for business.

So everybody there is talking about business all the time. It wasn’t until I got there that I started saying, oh, this is possible. Right. And then there’s enough people around you that’ll say, not only is it possible, but I’ll give you access to this network. Right. So if you have a problem, we’ll show you how we’ve solved that same problem in the past, right. So I think lots of times it’s really, really just about access to a network. Well, it’s also for every type, for every person, no matter what you are. When people treat you like you’re capable and they treat you differently and they give you that access for the people who are capable, right.

I mean, who have those basic skills and you’re suddenly treated like with respect and that you are capable of doing something that sets a fire in people. Yeah, it’s. It’s just belief, Right. Like sometimes, especially when you’re dealing with young people, that’s the beauty of being at a school. People just want people to believe in them. Right. Like innately they can do it. But if someone actually believes them and someone who’s gone down this path before says, hey, this is what you have to do, then you start believing in yourself more. But they, they need somebody to believe in them in the first place.

That’s right. That’s the differentiator is just belief in yourself. And, and that’s that actually I have my thrive hours where, where we talk about consciousness a little bit. What you believe, you make happen. Right. And that’s, that’s a big part of it. You have to believe in yourself. But we’re in a place in this country where we have these large corporations where people are learning how to just be good soldiers. And back, you know, a couple hundred years ago when the country was founded, we didn’t have all these big companies. Most people worked at small companies.

They had to figure things out. They were, you know, business owners. And now most people are employees at large corporations where they’re not, they’re not expected or they, they’re not benefit. What do I not rewarded for being entrepreneurial? It’s almost like it’s being entrepreneurial is. Is they tell you they want you to be right, but if you actually are, you get kind of demolished inside these companies. Yeah. I think it’s really just the way those businesses were built over time. Right. Like there a lot of the big businesses that we see now kind of came out of that mold of a factory.

Right. So they were like, we got to put you in. You kind of got to create a widget. We need you all to be the same. And that was the mindset. But that’s not the mindset we hear now when companies are coming to us saying, we need future employers. They’re saying, we want people who are creative. We want people who could solve problems. And for us, that’s entrepreneurs. An entrepreneur is somebody that you can parachute in. They’ll kind of survey the landscape and say, you know what? I see a problem and I’m going to figure out how to solve it.

Right? And it’s not an obvious problem to. It’s not an obvious problem, Right. Like, and even if it is an obvious problem, people have written it off as a problem, right? You have an entrepreneur come in and they’re like, actually, this is an opportunity for us to do X, Y or Z. Right? Yeah. And. And because I am an entrepreneurial spirit, so I know what it’s like, you know, my whole life, and you’re either, like, really rewarded or you’re really. It’s like black and white. They either love you or they hate you. It’s kind of that way.

And how do you deal with that terrain with your students? Or don’t you? Or you just ignore it altogether? Yeah, I’d say. I think what’s fascinating is we’ve had employers come to us and just say, here’s the deal. We have no idea what our workplace is going to look like in four years. Right? Which is super scary for us because we get people and essentially have to plan their career out for the next four years. And so we look around and say, well, I know you want to be an accounting major, but the accounting major today is not the accounting major four years from now.

Right? So we kind of layer in this entrepreneurial layer, right? Just to make sure that they can navigate any new terrain. Because the employers don’t know and we don’t know. Right? So we’re trying to best prepare them for, like, this great unknown. So there’s a skill set they get, right? Like, the accounting majors are going to get this skill set where they know how to do accounting, but they’re also going to get this lens on how they look at the world, right? So when I get into this big company and I’m working in accounting, what does that look like? What problems am I solving? What problems should I be solving? What is our goal? Is this the best way to get to that goal? Right? Like, they.

They’re curious and they’re always trying to figure out, like, how to achieve the goal. And they’re one of the few people who will look at the enterprise and say, is this even the right goal? Right. Well, it’s, it’s that creativity layer that is. It’s almost hard to quantify what makes somebody a good entrepreneur. But you’re right with AI coming in fundamentally changing everything, it’s going to change higher education, it’s going to change all of our institutions. And people are freaking out. Right. I mean, they’re realizing like the, the foundation under their feet is, is falling. You know, it’s a quicksand.

But the one air, the one discipline that’s used to that of the quicksand is entrepreneurship. Yep. Always. They’ve always had to navigate change. Right. They’re the only ones who didn’t have a predetermined outcome. Everybody else was like, oh, I know what the goal is, I know what I have to do. The entrepreneur was the one that said, I have no idea what the go, but I know we gotta figure out a way to get down this road. And as soon as we take a couple more steps, we’ll figure out the rest. And they were the only ones comfortable doing that.

That’s the issue is the comfort. And the business schools want people to have these business plans that are completely laid out. And it’s not a bad exercise for an entrepreneur to do that. But if you use that as your roadmap and you can’t get off that, that’s that road. You’re, you’re screwed. You’re essentially screwed. And so it’s what you said right before. I said that is what makes you successful. And, and that’s why I said the artists end up being more successful than entrepreneurs that are trained in a business school, because they’re training you like you would train somebody that’s putting out a new division in a large corporation.

It’s like, it’s just not the same. In fact, they would benefit to having a little bit more of these entrepreneurial skills, especially now. Yeah, it’s interesting that you bring up that example with the business plans. I don’t even let students do business plans. Right. Because now I’m like, you could go into chat GPT, you can go into Claude, type in a prompt and have a business plan in seconds. So you haven’t learned anything. Right. So we don’t even do business plans in a traditional sense. I tell them I want a one page document telling me where they’re going to go, how they’re going to get there, what are the biggest roadblocks they’re going to encounter.

And if they can figure that out, then I say go do It. Right. And so the learning actually happens with the doing. Right. As soon as they start doing it, then the marketplace gives them feedback and says, actually, we don’t like your product. Actually, we don’t like this price. But that’s where the true learning comes in. The business plan, as we’ve seen, was people just moving words around on a page and planning forever. Right? The planning isn’t the learning, it’s the doing. Right? And, you know, this is an entrepreneur. It’s the doing that’s the true learning.

Well, we always used to laugh that you’d take these plans off the date, the shelf and dust them off because nobody. It’s just not real. It’s like, come on. But it is the doing. And sometimes you have to pivot 180. Like, it’s. It’s. It’s a hard lesson. Like your ego. That’s why your ego can’t be completely on the line with something. And that’s why persistence and confidence matters so much, because you get your ass handed to you on a regular basis. Yeah. I mean, you know, one of the lessons I try to teach them is no one in business school ever taught me about the emotional highs and the emotional lows of running a business.

Right? Like, that’s the. That was the hardest part. Like, sometimes you get a new client, you’re on top of the world. That new client doesn’t pay you for 90 days, 120 days. Your world’s about to come apart, right? Just stalking them so you can pay your employees. I’ve been there. So have I. It hurts. It’s scary. I don’t. You don’t sleep. You literally. I remember I was driving around stalking somebody. I’m like, I need this check because I need to pay my employees. Right? Right. You start sending all these, like, passive aggressive emails. Hey, want to go to lunch? Just need you to reply to something.

I know, I know. So, yeah. So, I mean, that’s the reality of it. But it’s. Everybody’s been there. That’s what’s so nice about what you’re teaching them, is that this is the reality of what we’re dealing with here now. Now, you look at this country and we’ve lost a lot of that creativity. And I think people are realizing en masse now with AI. Holy crap. Because creativity is what differentiates us from AI and robotics. It really is that differentiator and being able to see through, you know, that gut instinct, being able to see the consensus that’s on paper versus.

Wait a minute. This. This isn’t right. Because you can see patterns differently. Right, Right. It’s, it’s, it’s tough when you’re in this space because you see AI come in and it’s this freight train. You’re kind of like, how much do we incorporate this? Right. Because if we don’t incorporate it, then you get left behind. But if you incorporate it too much, then you’re letting it do the thinking for you. So it’s this fine line that we constantly have to balance. I always lean more towards let’s embrace it. But there’s things we’re going to do that proves your thinking right.

And part of that is can you pitch an idea in front of a group? Can you sell me on your concept? Right. Can you go out and talk to a customer and tell them what you’re thinking and what you plan to sell to them? And so those skills, they still have to develop. Now what I’ve seen AI allows us to do is get to that spot a lot quicker. So that’s been helpful. People know that I really support the next generation GLP1s and peptides. But if you are looking for something that really aid yourself in your weight loss journey to help your body with detoxing and operating better, there are a few products that really help with boosting your energy levels that can give you that gentle nudge in that direction and support support your weight loss journey.

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Go to PureHealthResearch.com and use the coupon code Sarah to save 35%. That’s PureHealthResearch.com and use THE COUPON CODE Sarah to save 35%. Now, what do you think about institutions and the credentials that we’ve fallen to the point where it’s a shorthand for expertise when it really might not be? I mean, we’ve all work around people who have degrees and not have degrees and it doesn’t necessarily mean who the best people are. Yeah, I mean we, we have gotten to a place where there’s a lot of credentialing. Right. I think credentialing still makes sense in, in certain places because there are a lot of people and I see it now just working with a lot of 18, 19 year olds.

Right. Like they’ll see somebody on tick tock on social and they’re like, oh, this person told me to do this. And I was like, where’s their receipts? Right. AKA what’s their credentials? And so they’re like, well, I don’t, I don’t actually know, but they got a lot of followers. Right. And so I think the, the importance of having credential can actually show somebody that you have expertise in a different field or a specific field. That, that’s the point. But. Well, I don’t see, I don’t, I, I think one extreme is bad. Like you’re the extreme you just said.

But the other extreme is bad too because I mean, I’ve had a lot of PhDs that I work with who are not as good as somebody in the engineering field. Everybody knows who’s good. Right? Right. And once you get past a certain level of, of training or knowledge and education, this extra education isn’t really, I mean, I don’t know. Yeah, I wonder. I’m glad you disagree there because I think it’s really. Some people don’t know how to apply that knowledge. Right. There are some people who just have so much expertise. I experienced it in undergrad. There were people who just knew everything about econ.

They couldn’t give any of that knowledge to me. Right. But whenever I would listen to them talk, I’m like, they get it but they cannot teach me how to do it. And lots of times it’s because they weren’t practicing economics. Right. They weren’t doing it. Right? Yeah, they weren’t doing it. Yeah. Right. So they were experts in a different way. Yeah, yeah. I think it truly is and it really is. How do we, how do we access that expertise? As we’ve seen with Social now, some people are really good at communicating their expertise without the credentials.

Right. And so there really is a balance as who am I going to, who am I going to listen to? Well, but is that bad if they’re, if they’re very knowledgeable from self learning and they really truly. I mean, I know some people who are freaking amazing who are, who are self taught and then I know people who are idiots, who know nothing, who claim to be. Right. I mean, you see both. Right? Right. How do we deal with that? Right. Because AI is going to change all of this. There’s going to be a lot of people learning on their own.

Yeah. I think it’s really. Just prove it to me. Right. Whether it’s the person who’s overly credentials from an academic sense or the person who’s on social with a million followers. Have you done before what you’re telling me to do? Right. Like some people are so good. They’re like, I have this program, I have this course. Yeah, but have you actually done it? Right. Have you been successful doing it? I think, I think as it goes back to the doing. Have you actually done this before? Right. And in some situations, I don’t need the person to do it.

There are some people who are really good. They’re studied and they can communicate and help me learn. Right. But for other things, especially in my world in entrepreneurship, I think students need somebody who’s actually done it. Right. So that then when they go out there, they, they don’t say, Mr. Mead just is telling me something from a book. No, Mr. Mead’s telling you something from the meeting he was in last week. Right. So. Because, and I think that’s why I push so back on it, is because I have built businesses. I have. I mean, I’ve been in the trenches doing this.

What I’m doing now is a business. So. Right. When you read out of a book, which some, you know, when I’m like, wow, this is really good. Some of these lessons are great that they’re teaching and then other things, it’s like, you only learn this from doing it because getting your ass kicked is something that’s really different. Yeah. I mean, I’m from that school. You kind of got to do it. And that’s why my, my teaching is experiential. Right. Students have to do it. There’s no way out of it. Right. Like our program is everywhere. It’s an entrepreneur.

Right. And so when I first got here, I did all this research, try to look at best practices. And most schools, their entrepreneurship program was really around business. It was part of the business program and it was really about building a business plan. And I was like, none of these folks, they’ve actually built a business because if you had, you’d realize this doesn’t work. Right. That’s my thing. Yeah. It’s got to be experiential. Can. Can you do it? Which, which is tough. Right. And it’s really tough now when you talk about not only for our generation, but I think for young people who grew up in a world where they don’ to communicate with people in person.

Right. Like, it’s a different world. And so now when I say, all right, I like that idea, go pitch it to somebody, that’s like death. Yeah, they don’t know. Yeah, they’re scared. Yeah, right? Yeah. Something we never had to think about. Like, as an aside, I had someone joking and he was saying, he’s like, these kids nowadays, they’ll never go up to a girl in a bar and talk to them. They’d rather use their phone. They’re like, we were different. I said, no, we weren’t. We weren’t different. We were scared. But we had to talk to them.

Right. There was no other option. If there was a phone, I would have gladly used the phone, but that option didn’t exist. Hide behind the phone. That’s so funny. That is what they do. Because that’s what you would naturally do, or we would naturally do it because you were scared. And if somebody gave you an out so you didn’t have to face your fear, you would absolutely do it. We never had an out. Right. And so that’s what I try to do as students now. I don’t give them an out. You gotta face your fear. Well, how, how is it, how are the students when they come in? Because I know when I was teaching, I had them write papers, right? We always had them write.

I was like, oh, wow, I can’t. They, they were awful. I couldn’t believe how awful they were. And then I’m talking a great. This is one of the better schools in the country and they were awful at writing. It’s. There is some perspective there because I sometimes use the same word, but the perspective is you have so much experience. You’ve been pitching and present clients for years, right? So your eyes are just tuned differently. So when an 18 year old shows you a paper, you’re like, oh, this wouldn’t fly. But you kind of got to go back to your 18 year old self and say, you know what, Actually this isn’t bad.

It’s not where it should be. Right? Like, we just got to get you there. So that’s the part that I wrestle with. Like, my eyes are tuned to, like, people presenting really big deals. So I’m like, ah, this isn’t going to work. But. But I try to put myself in their shoes and I’m like, like, I can get you there. Right? Like, so, so yes, they are not where you want them to be, but they’re kind of where you would expect based on what we see coming out of K12 education. See, now that’s the issue. You know, my kids went to a little bit better school, and my daughter struggled with writing.

Right. And. But I compared her writing. She used to fight. She’s so feisty. She would fight with. It was so hard for me. She would fight with all of her teachers and especially her English teachers, and she ended up being good friends with them because they were. You know what I mean? Because she was the feisty kid that was always pissed off and. But her writing was, as a high school, because she was in high school when I was teaching was so much better than these other high school students. So it depends on the school that you’re going to and what they’re getting.

And AI, What I realized is that AI was. Was such a crutch for. They didn’t have it when I was teaching. I was right before AI started hitting the scene. Right. But there was a whole. I say there’s a whole lost generation of kids that before the professors caught up, the kids were all using the student. They weren’t kids, they’re young adults all using AI as a crutch. And the professors were clueless, and so they were giving them A’s. And the kids that were writing for real were getting B’s and C’s. Because. Because a great writer would still get A for that age would get a B, but a crappy writer using ChatGPT would get an A.

And the teacher, the professors didn’t know this yet. So I kind of see there’s like a whole, like, lost generation there. Yeah. And they’re getting exposed in the workplace right now. Right. Like, imagine encountering that person and you say, yeah, can you give a memo to your boss? And they’re like, I don’t know what to do. ChatGPT? Yeah. And then you’re like, you didn’t write this. Like this. Exactly. What’s your recommendation? I. I mean, the students do it all the time. I have. What we do that’s unique here at Paul Coin is we have students work in different departments.

And so I, The. The young man who works in my department, I’m like, yeah, you know, do this memo. I want you to review some software. So. And I was like, feel free to use AI, but I need your insight. So he did the first part, right. He used AI, but I was like, I don’t hear any of your synthesis here. Right. Like Use AI to speed up the research, but tell me what you think. So I actually expect you to go use each software, and based on your usage, tell me what you think. He’s like, oh, right.

But that’s where the work comes in. Right. The easy part was going into chat and, and figuring out what software tools to review. And so again, you just got to make them do the work. You have to make them do the work, and you have to do the work. I think the, the university professors are realizing, oh, man, this is more work for me. Me. Yes. One would have thought that with AI, it would have gotten easier, but it has not. It’s gone the other way because now you have to be like, crap, I really got to work at this.

Yeah, yeah. And, and you got to figure out ways to make sure that they’ve learned. Right. Like we were just saying back in the days, you could just say, hey, write this paper. Read this stuff and write this. Right. Then you would see if anybody actually got the information. Yeah. That’s not a way to test learning anymore. So you got to be so much more creative and how you do it. Yeah. So it’s a, it’s a new skill for the universities that their staff has to be trained on how to do it. Yeah. And we see it all the time.

We’re. We’re getting trained in it. And, you know, we, we’ve adopted it. We use it. But, and, and the funny thing about using it is because I use it a lot, when I see students use it, I always call them out and I say, hey, I want you to use AI, but use it good. I was like, like, this is not good. And you have to be honest with them. Right? Yeah. Like, this is. This, this is one prompt, and I don’t know what your prompt is, but we got to do this over. Right. Because you’re going to have access to these tools.

It’s probably analogous to when calculators first came out. Right. You’re going to have access to the tool. Let’s just make sure you’re using it the right way. I don’t think we can be afraid of the tools. We just got to make sure students know how to use it and they know how to think when the tool’s not around. Right. Because there will be a time where you’ll be at the workplace and all of a sudden your LLM goes down. What are you going to do then? That’s right. Got to do something. Yeah. You’re hosed. At least you have to know how to do it.

Now you’re in Dallas, and a lot of Wall street is moving to that area. Y’ all Street, Yall street now they’re calling it. It is. And it’s because of the policies in New York compared to Texas. And reality is setting in that if you’re going to tax people like this and their cost of doing business, they don’t have a choice. Right. They don’t feel they have a choice. And once that momentum builds where it’s a better climate for them and there’s enough of a network, they’re all going to go. And that’s the danger of New York.

What are you seeing firsthand? I’m sure you’re seeing a lot. It’s pretty. You’re in the middle of it, which is pretty cool. Yeah, we’re right. We’re right in Dallas. I. You know, what’s interesting about this place is I think the benefit for us is there’s tons of Fortune 500 companies, so we have access to everything. But, you know, as you said, the, the tax policies brings companies down, but then sometimes the political policies is something that companies have to be aware of for their employees. Right? Like, is this. As employees move from different parts of the countries, people now have to say, is this a place where I want to raise a family? Right.

So it kind of cuts both ways for the business. The incentive is easy, right? Like, oh, you’re gonna waive taxes for X amount of years or whatever sweetheart deals they get. But I think it’s also about. All right, now, is this a place that our employees actually want to be at? Right. So you just gotta weigh those costs. People hear me talk so much about how you need protein to build muscle, especially as you’re losing weight. With all the people on GLP1s where your hair needs protein, too. So many people are losing and thinning hair brittle dry.

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I mean the, the cost of living in Austin is so much lower than the cost of living in San Francisco that you live almost like a poor person compared to living like a per, you know, a medium middle class person in Austin. Yeah, yeah, yeah. It’s fascinating. I have a good buddy lives in la and about a year or two we were at his house and you know, I was like, man, we used to live in la. And I was like, I miss la. And he’s like, it’s a great city. As long as you get the house you want, right? Like that’s the hurdle you have to get over.

As long as you get the house you want in la, you’re fine. There is no reason you would leave it. Right? And I think the same thing with, with the Bay Area, the challenge is how do you get that house, right? The four million dollar house. That would be 800 or half a million in Austin. Right, right. And so that’s the challenge. But, but you know, with all those places, folks in the Bay Area, if you’re there and you’re gainfully employed, you don’t want to leave, right? I mean that’s, that’s the truth of the matter. There’s no part of you that’s saying, oh, I want to go to a place that’s, I don’t know, I don’t know if I agree with you because I’ve been hearing from people going like, God, you know, I, I’m gainfully employed, I’m working for one of the top companies in the world and I can live so much better in Austin than I can here.

I mean, I’m hearing that from people, right? Yeah, I think it’s a, I used to live in LA and LA’s cost of living compared to Dallas, night and day, right? I mean there was the. When I lived in la, my kids were all young. We moved here, kids are a little older, everybody’s out of diapers. So that was like the first raise. No one’s in diapers. Then the second raise is the no state tax. Right. And so it was always. I was like, man, it’s. It’s great here. But, you know, on any given day, if someone says they’re like, hey, would you move back to la, In a heartbeat.

Because I love being outside. And. And I’m saying this off of, like, the 80th day of it being 100 degrees in a row. Right. Like this. There’s other issues. You’re right. Yeah, yeah, yeah. But, you know, but there’s other places around the country where the weather is fantastic, but not where they have the business opportunities. So there is more than just. Right. But. But literally a home that’s a half a million in Austin is like 4 million in San Francisco. I mean, it’s really that much of a difference. And you have to have a roommate in, you know, a college person, somebody in their 20s even, maybe even in their 30s, some of them have to have a roommate for an apartment.

But you can buy a house in Austin. Right, Right. Completely. That’s a completely different lifestyle. No, I get it. I mean, they’re. Dallas has been wonderful for us, but. Yeah, it’s really just kind of one of those things, like, what do you value? Right. Like, I’ve always valued the outdoors. And so that’s probably my only drawback of, like, a Dallas, Texas. I’m like, you know, for July, August, September, I can’t be outside, which is weird because I grew up in Boston, where in November, December, January, you couldn’t go outside because of the snow. But here you can’t go outside because you’re just too hot.

I’m like, I can’t believe life has flipped on me like this. Yeah, that is kind of weird. Okay, so. But. But it’s. It’s interesting that you’re right in the middle of this Wall street move. I mean, that’s a. That’s a profound shift for the country that you’re just going to start feeling. And I think it’s a. It’s a cultural and political shift that I don’t think people are fully understanding what this means. But one of the cool things that you do is this entrepreneurship layer with AI coming in. How many people. I mean, I could see you being.

And this philosophy being something that is implemented literally everywhere. I know they talk about it, but they don’t What I have seen in my career is, and I think this is what you’re saying is shifting, is that they all talk about it because they know it’s needed, but they don’t embrace it. Now they’re freaked out and they’re realizing, okay, we know it’s real and we need to embrace it. And they’re being forced. They’re forced to face the. Their fears of embracing entrepreneurship. Yeah. It’s funny, right? With AI, a year ago, it was going to take our jobs.

Now it’s going to kill us. Right. I just think this fear that’s so. I’m sorry, it’s getting out of hand. Yeah. This is just fear of AI. And I’m like, let’s just embrace it. Right. We just kind of figure out it’s going to be a part of our life. So let’s figure out how to use it without, like, giving up on our humanity and without enslaving ourselves. Right. I mean, yeah. Okay. Is this going to enslave us? It’s kind of stupid to do, right? Right? It is. It just makes you think of every sci fi movie you’ve seen in the past.

You’re like, oh, my God, is this Westworld? Oh, my God, is this the Terminator? Right. Just. You just keep seeing it. Like, we’re living it right now. But for us, it’s just really about, let’s embrace this and understand we have a job to do. Like, our job is to educate young people. And so we look at the world, we look at the landscape, and we’re saying this is the best way we see to educate young people for jobs that don’t exist just yet. Right. That’s the tough part. We are, we are training people for tomorrow that we cannot fully explain.

We just know there’s going to be change. There’s going to be change. We got to figure it out. We got to create. We got to be creative and we got to create new jobs for people. And it’s, it’s, it’s, it’s going to take everybody. And these, the people who are in entrenched positions and universities and in businesses and stuff, they have to change or get out of the way. I mean, honestly. Yeah, it’s. It’s sad. I’m saying it is. Yeah. The good thing is, I think people see it, and to your point, people just like, we don’t know what to do about it.

Right. So for us, we’re like, all right, we’re just, we’re going to put some stuff out there. We’re Going to experiment, and we’re going to see what works. And I think and hope that as we start to get some wins, there are other education, educational institutions, companies that are like, oh, we love what they’re doing at Paul Quinn. Let’s see how we can incorporate that over here. So we’re fine being ahead of the curve and experimenting and seeing what works well. And that’s what my. My show is about, right? Business game changers. People who are on the edge of change, people who are figuring it out.

And that’s when I. When I saw what you’re doing, I said, okay, I gotta talk to this guy, because I think what he’s doing is a model for the rest of the country. And I mean, that’s. That’s a pretty profound thing, right? But I think it’s true. Yeah, I think it is, too. And you can see it as you. As we talk to companies, they’re like, they keep kind of asking more questions and what about this? And what are you seeing here? Right? They’re like, these guys are testing everything out for us. So it’s fun. It’s fun.

We’ll see. It’s like a big laboratory. You know, we, like, change one thing over here, leave something else over here, and just kind of a B test things. And we’re like, okay, that works. Let’s do more of that. And it might not work tomorrow, right, but it works now. Yeah, yeah. We’re entrepreneurs ourselves. Like, we don’t have the answers, but we are. We have a strategy, we have a goal, and we’re just taking one step forward. And as we take that next step, we’re like, oh, something else has been revealed. Right. With each step, we get new information.

Okay, now, do you speak? Do you have, you know, if people want to reach out and they want to hear more about your programs and what you’re doing, can people. Is there a place they can reach out to you and learn more about what you guys all have going on down there? They need to. People need to learn more about this. Two places. First place is my website, jeff-mead j e f f dash mead m e a D and then our website, Paul Quinn Edu Entrepreneurship. You can find everything that we’re doing right on those websites.

That’s absolutely excellent. And people need to check it out. Thank you so much for joining the program and having this discussion. This was a fun. This is a fun dialogue today. Sa.
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