Cryptocurrencies; The future of world finance and baking With Rob McNealy

Joining us on the show all the way from Salt Lake City, Utah, is Rob McNealy. 

 

Rob is a crypto entrepreneur and the host of The Rob McNealy Program, a show where he interviews thought leaders from the fields of entrepreneurship, startups and cryptocurrency. 

 

The universal settlement coin

For the past 18 years, Entrepreneurship has been a part and parcel of Rob’s lifestyle. 

When starting off as a young entrepreneur in the year 2002, Rob invested his time and focus on a bunch of side hustles, mainly because his aim was to learn, and not earn. And by doing so, establish himself as an expert in the field he would choose to focus on. 

 

Rob’s TUSC cryptocurrency project is actually a 3 year passion project, since he has a day job, where he runs his own forensic consultancy firm. 

 

It's in the nature of an entrepreneur to alway want to be in control of his ventures, but Rob has learnt to have a more open minded and less authoritative approach to his crypto project; mostly due to its decentralized nature as a community project. 

However, the cryptocurrency and blockchain industry excites him because of its cutting edge technology and uncertainty aspect that tags along with it. 

It kind of in a way reminds Rob of the rise of the .com era. 

 

How TUSC is different from the other cryptocurrencies. 

Rob defines TUSC as a cross between a corporation and a non profit. 

 

The major difference between TUSC and other crypts such as Bitcoin, is in the way Rob and his team are marketing their project. 

They’re pushing for the mass adoption of their crypto as the standard in the US guns industry through advertising strategies like social outreach, educating communities, holding people’s hands throughout the entire experience etc. 

 

Also, unlike most Crypto startups, TUSC isn’t just composed of engineers and developers, Rob’s team is a mixed variation of individuals from different professions and walks of life, all with the sole aim of getting a pool of different viewpoints  on how to further develop, market and scale their operations. 

 

Why Rob and his team decided to focus on one industry.

 

Just like Jeff Bezos picked books over e-commerce in starting and growing Amazon, is the same way Rob and his team analysed the different US markets i.e; gambling, pornograph, cannabis, CBD, pawn shops, payday lenders, refugees and immigrants before deciding to pick the US gun industry. They figured they’d settle on this because it was the only one in their list of options which is not only constitutionally protected,  but rakes in an annual revenue of  $50 billion+

 

Rob’s Superpower

Now 48. Rob’s superpower is learning to be patient and focusing on the right niche. 

 

Rob is also damn good at networking and building new relationships too. 

Rob’s networking outreach demands of him to look at the different ways that a project will result in a win-win for everyone involved before even making his proposal.  

 

Rob’s full proof advice for success when you’re starting up in a new venture; When getting into a new market, look for the past, or current president of the biggest trade association in the market industry. Reach out to them and humbly request them to be on the board of advisors, praise them, and give them great incentives in terms of good pay and the role they’ll play in your new start up. 

 

Timestamps

02:32 About TUSC

04:15 It’s a new era. A cryptocurrency era

07:54 How cryptocurrency is evolving

13:09 Difference between TUSC and bitcoin

16:21 How TUSC has grown over the years

20:09 Why Cryptos haven’t been growing as projected

24:31 How Rob analysed the market before picking a niche

30:27 Why Rob and his team chose the Gun Industry in the Us

33:27 How they’re solving problems in the Gun Industry.

37:10 Their plan to branch into other markets

39:28 How you can use their cryptocurrency 

42:23 The power of networking.

 

Quotes

•I had a bunch of side hustles when I started off as an entrepreneur. So that’s my advice for the ones starting, don’t just throw all your dice and eggs in one basket, start side hustles and learn from them first.

 

•The shift that the worldwide webb made for ecommerce and retail in general, is the same paradigm shift that cryptos are making for the finance, payments and banking systems. 

 

•The indicators for growth are different In relevance to the industry you’re in and the milestones you’re trying to achieve. And for us, it’s all about getting real actual users.

 

•As an entrepreneur, I have to know what problem I’m solving even before  I think of investing in a startup. The reason a lot of cryptocurrencies haven’t grown is that they mostly consist of developers and engineers who aren’t experienced, and don’t like the topics of sales, marketing and business development. 

 

Connect with Rob

Website - https://robmcnealy.com/

Facebook - https://www.facebook.com/RobMcNealy/

Twitter - https://twitter.com/robmcnealy

Instagram - https://www.instagram.com/robmcnealyactual/

Podcast - https://podcasts.apple.com/us/podcast/id1445330317

 

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