[00:00:00.190] - Chris Nordyke
All right, welcome back everybody. This is a solo ep— well, it's not a solo episode. I got a special guest, but this guest actually came in studio, which hopefully is the first of many. This has kind of been a dream of Brandon and I to invite folks into the studio live, uh, more Joe Rogan style, so to speak. But Brandon had another meeting and so I was able to get the studio to myself and I brought in Mr. Les Gutches. So Les interesting connection that I have with him. I see him at my gym and it turns out he's one of the owners of the gym. And it also, like, I have a memory of him when I was in high school because he was a college wrestler. And so let me just read off some of this guy's rap sheet. Okay. First of all, he was born and raised in Southern Oregon, Medford High School. Dad was a retired fire captain, very hardworking guy, grew up in the mills, in the, in the logging and timber industry down there in Southern Oregon. Les, at one point in his childhood, worked at the mill as well.
[00:00:56.290] - Chris Nordyke
In high school, he won 3 Oregon State titles at 171 pounds, 178 pounds, and 190 pounds— came later in high school. We actually talk about that a little bit in the podcast— plus a USA Wrestling national title each year. Then when he went to college, he went to Oregon State University, having been aggressively recruited by several other top wrestling schools, but came, you know, stayed in his home, home state. 130— here's his record for all of his 4-year college. 4-year letterman, 134 wins and 10 losses. Let me say that again, 134 wins and 10 losses. 5th at the NCAA Championships in '94, was NCAA champion at 177 pounds in 1995. Both years totally undefeated, back-to-back 69-0 seasons. No losses in his junior and senior years. 3-time All-American, 1996 NCAA Outstanding Wrestler and Dan Hodge Trophy winner, which I think Dan Hodge was this iconic coach, I'm pretty sure at Iowa, which is one of the most prolific wrestling colleges. Anyway, 3-time NCAA Academic All-American, smart dude, has 2 bachelor's degrees and an MBA. Very interesting. Also went to the Olympics and wrestled in the Olympics. 1993 World Championship bronze medal, 1993 Pan-American gold. So I could go on and on.
[00:02:27.980] - Chris Nordyke
This guy was a superstar in wrestling and I wanted to see the connection between his wrestling career and his later success in business and entrepreneurship, cuz now he owns multiple businesses and property and things like that. So we get into all of this. It was such a great conversation. Buckle up, enjoy, and shoot me a message after you hear this and let me know what you think, because I'd like to get other figures like Les onto the show. It doesn't necessarily have anything to do with restoration, although there's a restoration story during this episode which I think most of you will get a kick out of. So here we go. Wow, how many of you have listened to the Head, Heart, and Boots podcast? I can't tell you that reaction, how much that means to us. Welcome back to the Head, Heart, and Boots podcast. I'm Chris and I'm Brandon. Join us as we wrestle with what what it takes to transform ourselves and the businesses we lead. This new camera angle makes my arms look smaller than yours. I'm noticing that, and I really appreciate it. I thought you did that on purpose. No, I, I don't.
[00:03:30.190] - Chris Nordyke
I didn't, and I, I am not happy with it. Welcome back to the Head, Heart, and Boots Podcast. I'm here today with Mr. Les Gutchess, and this is actually the first time that Les and I have really hung out. We see each other at the gym probably at least 2, 3 times a week randomly, But what Les doesn't maybe know as much of the story is just how much I followed his college wrestling career. Les was a superstar at the time, and I'm from Corvallis. Les was wrestling at Oregon State University, and so a bit of a hometown hero, I guess you could say, which is probably weird for him to hear out loud, but it is what it is. He was all over the local newspapers for years while he was wrestling at OSU and then went on to be a competitive wrestler at at all the levels. And so I think many, many people in Corvallis know his name, but what's interesting about you is that you've, you've gone on to have a very eclectic business career in addition to athletics. So I wanted to have you in just to talk about your owner's kind of journey through various investments.
[00:04:28.680] - Chris Nordyke
You have a number of active investments right now between property and a gym and some other stuff that I'm sure we'll talk about. But I want to just start with you talking about your story a little bit, like coming up What was your childhood like? I'm always curious too, and just, you can go as deep as you want, or we can keep it as surface as you want, but I, I'm always curious about mom and dad relationship and like, what do you feel like you took from mom or dad or both that, that started to kind of set you up on the path you're on? And inevitably for most of us, there's some positives and negatives. Like there inevitably we learn from our childhood. Okay. I learned that I definitely don't want to do this. And I definitely want to make sure I do that. You know what I mean? So yeah, take us back. I mean, Southern Oregon, right? Boy, right. Walk us into what early life was.
[00:05:13.330] - Les Gutches
Yeah. So I was born in Medford, Oregon, but my family lived in Rogue River/Weimer, which is even further out than Rogue River.
[00:05:22.310] - Chris Nordyke
Yeah.
[00:05:22.650] - Les Gutches
So pretty far out. Dad worked at a lumber mill really early on, and mom stayed home and took care of the boys. There were 3 boys. I was the oldest of 3. It was interesting.
[00:05:32.810] - Chris Nordyke
Wow. So mom, stay-at-home mom.
[00:05:34.750] - Les Gutches
Yep.
[00:05:35.320] - Chris Nordyke
Dad's at the mill every day. What does he do at the mill? Just work, work in the chain, green chain? Like, I don't know, don't even know.
[00:05:40.780] - Les Gutches
Yeah, I was a kid because it wasn't too long, maybe I was 5, 6, 7, I don't know. Dad got a job at the fire department, and that was, that was a really great thing for him and our family. But just to back up, my mom, she got very sick when I was probably 5. She developed severe brittle diabetes when she had my youngest brother. Wow. And it wasn't gestational diabetes, it was just a really weird freak deal, but her pancreas died. And Mom was a lot of things, but she wasn't a structured, disciplined person.
[00:06:13.350] - Chris Nordyke
Yeah.
[00:06:14.300] - Les Gutches
And, uh, diabetes, you've got to be on top of it. She was sick a lot, and she was in the hospital, man, I'd say 3 or 4 months a year. Wow. You know, and Dad was working at the fire department, and, you know, he's working 24-hour shifts, and So we grew up fast. Yeah, we learned how to take care of each other, the 3 boys, and we're still really close. And yeah, but yeah, it was, it was an interesting childhood and not— it was really hard at times. I mean, mom was sick, or, you know, I remember having to administer insulin when I was 6 years old.
[00:06:46.310] - Chris Nordyke
Wow.
[00:06:47.030] - Les Gutches
Walking me through it on the phone, taking her blood sugar, matching it on the strip, and okay, it says this. Are you sure it says that? Yeah, I'm sure it says that.
[00:06:54.490] - Chris Nordyke
Okay, poking a syringe into mom.
[00:06:56.750] - Les Gutches
Yeah, because she was not conscious or coherent. And there are two types of insulin back in the day. They had RNH and something else, but one was really fast acting, one was long. And if you got them wrong, oh man, it was really bad.
[00:07:13.030] - Chris Nordyke
That's intense. Yeah.
[00:07:13.870] - Les Gutches
So Dad walking me through it and okay, take this much up, take that much up. She's not better in half hour, let me know, give me a call. Yeah. So anyway, it was— we grew up quickly. But man, my mom, when she wasn't sick, she was the most fiercely loyal person. I mean, she's the kind that if you called her and said, hey, Mom, I killed somebody, she'd say, okay, I'll get the boys and the shovels. I'll be there.
[00:07:38.240] - Chris Nordyke
That's right. We're going to handle this together, son.
[00:07:40.930] - Les Gutches
Yeah. No, just as an example, right? I mean, it didn't matter. She was on your side. And Dad, man, he just by example showed me what hard work was. I mean, that guy, you know, he worked the fire department. On his days off, he would— he was always doing something, you know. He was driving truck, and a little bit later he started, you know, building sheds. And then that grew into him eventually being a general contractor and building houses, you know, on his days off. Yeah, he was always working. And so I had a great example there. And yeah, so, you know, I guess, uh, One day when I was 5 years old, I was going through my, like, a box of stuff. We had one of these cardboard boxes, banker's box, whatever it was, and a bunch of pictures in there, random things, you know, dad's student ID card when he went to Southern Oregon. And I came across a wrestling medal, maybe a trophy, I forget what it was.
[00:08:32.430] - Chris Nordyke
And at that point you weren't wrestling yet, so this is 6, 7 years old?
[00:08:35.070] - Les Gutches
Yeah, 6, 7 years old.
[00:08:36.050] - Chris Nordyke
Yeah.
[00:08:36.230] - Les Gutches
Okay. And I asked my mom what it was and she said, well, it's a wrestling medal, ask your dad. And so dad gets home that night and I can't wait to ask him, how do I get one of these?
[00:08:44.610] - Chris Nordyke
These are cool. Yeah.
[00:08:45.830] - Les Gutches
And so he shakes the sawdust out of his pants and we move the couch cushions off the couch onto the floor and he shows me a double leg takedown or single leg takedown. And I think he even showed me a cradle, which I don't think I ever executed in 20-some years of wrestling. But yeah, so that's kind of how I got started. And we went to the local mat club and, you know, I was pretty successful from the start. I had an aptitude for it. And, you know, I— when you have some success at something, you want to have more. And Yeah, so it just kind of took off from there. I also had an uncle, my Uncle Kent, because the— just kind of the nature of the family. And he lived in Medford or near Medford, and Medford had some great wrestling. I spent a lot of time with him at his house and going to Crater practices and Eagle Point practices. And the thing that he did for me, it was really interesting in retrospect. When I was in grade school, he took me to the— it's Scenic High School, it feeds Crater High School, which was a powerhouse in wrestling.
[00:09:42.790] - Les Gutches
He takes me to the junior high practices. Well, I get the living hell beat out of me. I mean, I am crying halfway into it.
[00:09:50.390] - Chris Nordyke
These country boys are giving it to you, huh? Yeah.
[00:09:52.410] - Les Gutches
I mean, it was just— it was bad. I mean, I'm a third grader wrestling these seventh and eighth graders, and just— I think it was a junior high even, so probably some ninth graders. I mean, I was just getting pounded, but I just kept coming back and coming back. And my uncle's pretty hardcore. He's done the Ironman several times. He was Bowhunter of the Year in Oregon. Like, Wow. Super hard worker. Actually, he got a knee replacement last year at— I think he's 62, and he's doing an Ironman here in a couple months, right?
[00:10:17.090] - Chris Nordyke
Jeez.
[00:10:17.490] - Les Gutches
At least considering it.
[00:10:18.770] - Chris Nordyke
Yeah.
[00:10:19.750] - Les Gutches
But yeah, you know, so I just get the hell beat out of me, and, you know, just, you just kind of start figuring it out. It's like, okay, I'm not as mature, so I have to have better technique and better position, and I have to understand the sport better. And not that at third grade you're really thinking in those terms, but you have to adapt.
[00:10:34.690] - Chris Nordyke
Yeah. How much do you think that actually impacted you? Like, to me, I'm hearing, holy cow, that must have made it to where by the time you got to junior high and you're wrestling people of your— you were so far ahead because of getting throttled by these upperclassmen as a third grader. Would you feel like that was a pretty formative—
[00:10:53.870] - Les Gutches
well, yeah, experience. That was just the beginning because once I could hang, you know, fourth or fifth grade or sixth grade with the junior high kids. Yeah, well My uncle wasn't satisfied unless I left practice crying. And so he took me to the high school practices. So I'd go to Eagle Point High School.
[00:11:10.160] - Chris Nordyke
And when you were still 8 or 10 years old?
[00:11:12.420] - Les Gutches
Uh, no, I would have been 5th, 6th, 7th grade.
[00:11:15.970] - Chris Nordyke
Okay, so maybe 11, 12 wrestling high schoolers.
[00:11:18.860] - Les Gutches
Yeah, Eagle Point High School, that was— they were also a powerhouse at the time. And I mean, I still have nightmares of some of those workouts because, you know, I was like 105 pounds, and so I'm wrestling these 120-pound you know, state champions, and it was just bad. Wow. But again, you know, you kind of just keep coming back to the center of the mat. You keep coming back and make some adjustments and get better, and next thing you know, you're in 8th grade and you're crushing with these guys. Yeah, you know, and then, you know, when, when you start to be able to hang with the high school kids and you're a freshman in high school, well, guess what? We're going to go to Southern Oregon University and we're gonna— who had— what, they had several national championship teams.
[00:11:58.580] - Chris Nordyke
Wow.
[00:11:59.280] - Les Gutches
And, uh, You're going to train with them and see what you're made of. Wow. And so really hard to start with, right? Because, I mean, this is just no fun. I mean, wrestling, when you get beaten, it's just not like in points. It's you get physically beaten. Oh, yeah. That was what it was. I was at the next level before I got there, and then I jumped to the next level and the next level. And it was interesting because, see, it was my junior year in high school. I go to a Southern Oregon dual meet and I see this guy in the corner. I mean, he looked like a silverback gorilla. And I start looking, I'm like, oh my God, that's Mark Schultz. Mark Schultz is an Olympic champion, world champion. Yeah, possibly. I mean, one of the most athletic wrestlers to ever step on a mat.
[00:12:42.380] - Chris Nordyke
Yeah.
[00:12:43.020] - Les Gutches
And, uh, like if you watch the movie Foxcatcher. Yeah, he's—
[00:12:45.840] - Chris Nordyke
yeah, he's, he's a similar size to you, right? Didn't he? He wrestled light heavyweight or—
[00:12:50.330] - Les Gutches
yeah, he was— I think it was 180.5 was the weight class. That's about what I was at time.
[00:12:55.300] - Chris Nordyke
Yeah.
[00:12:55.940] - Les Gutches
And so, you know, I go up and I, I'm like, oh my God, you know, Mark Schultz, but you're my hero, great to meet you. He goes, huh, who are you? Let's catch us. I read about you, I think you're pretty tough. He goes, you know, we should work out. I said, well, absolutely. So that, that was super formative because, I mean, he, he is one of the most scary people I have ever had hands on. I mean, he is, and he was just off the Olympics I think his last Olympics was '88, and this was in maybe '90. I mean, just so good for me. And it was, you know, after that, it just doesn't get any worse on a wrestling mat. And so that was just kind of the story of my career, is just always just pushing the envelope. Yeah, a lot, I guess.
[00:13:40.530] - Chris Nordyke
Well, and it sounds like your Uncle Frank, right? Like, Kent. Sorry, Kent. Kent had a pretty formative role in that. Like, was he following your career and like your up through high school too? Was he a big influence in terms of, hey, you should be doing this, you should— like that kind of thing?
[00:13:56.140] - Les Gutches
Oh yeah, Kent and my dad were, I guess, my, my coaches. I mean, I had coaches too, but you know, they'd, they'd hop in the car and we'd go to Coos Bay to the tournament that weekend. And the next weekend, if Dad was off on a 4-day, he'd take me to Klamath Falls and we'd wrestle. And, and they like to do this thing, which is you can't really do now, is, you know, we'd go to a tournament and they'd say, okay, you're 11-year-old— I don't know what I was— 80, you know, 90-pounder. Yeah, I was a little bit bigger when I was a kid, I mean, relatively. And that's great, but we're only going to get 4 matches if you just wrestle 90 or 95, whatever my weight class was at the time. So what we're going to do is we're going to— you're going to do 2 weight classes. So you'll wrestle the weight class you were in and the next weight class up. And sometimes we would wrestle a third, which was the age group up. I'd go to 13, 14-year-olds and wrestle my weight class.
[00:14:49.160] - Chris Nordyke
Wow.
[00:14:49.480] - Les Gutches
And so it was a lot of times I was on a wrestling mat and my name would get called because I was up in another age group or another weight class, and I'd have to change my singlet if I was a different color on the way. You know, they'd hold the match for me. Wow. You know, so I get like 15 matches in, and you could do that.
[00:15:05.110] - Chris Nordyke
They don't allow that anymore. I'm sure some, some do somewhere.
[00:15:09.020] - Les Gutches
Yeah. It's not the best thing.
[00:15:10.970] - Chris Nordyke
They were probably just like, sure, if you wanna. Yeah.
[00:15:15.200] - Les Gutches
And I remember I was telling somebody this the other day. My uncle, he would, you know, if there was a kid like a weight class up or, you know, an age group up or whatever who I hadn't wrestled, he'd find the dad and he would say, hey, after the tournament, let's have an exhibition match. I'll have one of these referees come officiate it. I'm like, I just wrestled 10 matches today. I'm good.
[00:15:39.350] - Chris Nordyke
Yeah, I'd like a hamburger, actually.
[00:15:41.670] - Les Gutches
Yeah. And if the dad wouldn't agree to it, Kent would find a way to somehow offend him to the point where the other dad was like, oh yeah, we're going to wrestle. And I'm like, really?
[00:15:51.550] - Chris Nordyke
What are you setting me up for?
[00:15:54.510] - Les Gutches
Yeah. But he was a guy who he walked the talk. Like I said, he achieved a lot himself. Yeah, so that was— wrestling's a tough sport, and you gotta, you gotta get tough if you want to do it.
[00:16:07.260] - Chris Nordyke
Boy, is it ever. Well, one of the interesting things about your story, back, back to the very beginning, a lot of dads who were a successful wrestler would be pushing their sons, you know, to get, oh, you're gonna wrestle, this is what we do in our family, kind of thing, right? But that wasn't how it played out. Like, you discovered, oh, Dad used to be this, like, hotshot wrestler, and that inspired you. Like, I want some of that. And you approached your dad.
[00:16:28.740] - Les Gutches
Was that I did, I did.
[00:16:30.770] - Chris Nordyke
So he didn't, he didn't cajole or like push you boys to necessarily get into that whole wrestling path?
[00:16:35.910] - Les Gutches
No, no. And, and, you know, eventually might he have, I don't know. But my dad did— I remember like the best thing he ever did for me, because I, I saw this happen with a lot of kids where they'd have some success early on, and then, you know, it's expected. And that's a lot of pressure when you're an 11 or 12-year-old kid, you know, emotional pressure and stress. And wrestling's stressful as it is. And so I remember, I don't know how old I was, 11, 12 years old, and I was cracking a little bit, man. I, I didn't— I don't know, I just, man, I'd been 3 or 4 times state champion, and now it was expected, and there was some tough guys around my weight. And, and I said, yeah, you know, hey Dad, I think I'm gonna, I'm gonna take a year off. And he so easily could have said, no, you're not, we've got a lot invested. And You're, you know, you could get a scholarship maybe, or whatever, whatever a lot of dads do.
[00:17:26.150] - Chris Nordyke
Yeah.
[00:17:26.480] - Les Gutches
And I, I saw that play out so many times after this where the kids got pushed and they were doing it for Dad and they felt like they had to do it, and then they burn out. And these kids who were just world beaters in the youth level end up kind of fizzling out as high school kids and hate the sport. And yeah, and Dad said, yeah, nope, no problem, but you know, you're You're not going to sit on your ass from 3 to 5 every day. You can either do another sport or you can get some chores.
[00:17:53.730] - Chris Nordyke
Yeah, we'll put you to work.
[00:17:55.340] - Les Gutches
And so I said, okay, well, let's just do the chore route. And it wasn't punitive, but I mean, the next day I think we get about 5 cords of logs dropped off that need to be split. And so I work on peck away at that. But what ultimately happened is the first 2 weeks of the season go by and I'm talking to the kids at school and I hear about the Jell-O treats that the moms were bringing, or the Rice Krispie treats. And I hear— I'm thinking, I hear who's winning my weight class, and I'm starting to get pissed.
[00:18:22.680] - Chris Nordyke
Like, I could take that guy. Exactly. Jeez.
[00:18:24.370] - Les Gutches
Exactly. What am I doing? And so then I went back to my dad and I said, hey, I changed my mind. And that was really pivotal because that was the moment that I started wrestling for me, right? And maybe I had before, but I mean, that was the point where it's like, no, I want to do this.
[00:18:40.580] - Chris Nordyke
Yeah, you were getting a ton of approval from Kent and your dad. And so that was no doubt fueling some of that. But this was the first time where you had, like, taken a break. Do I really want this?
[00:18:49.630] - Les Gutches
Yeah.
[00:18:50.180] - Chris Nordyke
Yeah.
[00:18:50.580] - Les Gutches
And it was so— I don't know if it was wise or it just was so busy. It was like, hey, whatever. But yeah, it just ended up— it was such a pivotal moment. And I— it's funny how we have those inflection points, right? But I look back at that one and think, I mean, that was— that was the best thing he ever could have done for me.
[00:19:07.660] - Chris Nordyke
And that's such— that's so cool.
[00:19:09.500] - Les Gutches
Yeah.
[00:19:09.680] - Chris Nordyke
I mean, so like you said, I think fairly atypical, especially when it takes a lot of restraint. Because when we're as parents, all you want is for your kid to have a better life than you, right? It's like, it's like, I want, I want you to have a good life and everything else. And you start to see talent come out. You're like, oh, that's their path. Like, you recognize these things. And it's so easy to just get into a, hey, you don't know what's best for you. I know what's best for you kind of mode, right? That's interesting. Okay, so you crush in junior high. You go into high school, you've already been training with all the high school guys, and you crush. In fact, I think I read somewhere that you were— I think you were undefeated in high school.
[00:19:48.070] - Les Gutches
No, not quite. So what happened is my freshman year, I mean, I was good. I was really good. But my freshman year, I was kind of a doughy 157-pounder, and there was some straight up men, like, you know, from Burns.
[00:20:01.790] - Chris Nordyke
They're grinding their beard into the back.
[00:20:03.880] - Les Gutches
Yeah, seriously. Like, have tattoos and kids in the stands. Yeah. So, but at any rate, you know, I think I was district champion, but then I went to state and ran into a couple studs.
[00:20:15.190] - Chris Nordyke
Okay. Yeah, yeah, right.
[00:20:17.050] - Les Gutches
So then the spring of my freshman year in high school, there's another inflection point in my life, and, and one that you would think— it's funny how kind of some of the negative things in life end up being the biggest blessings ever. So I'd wake up in the middle of the night and I, I'm disoriented and I'm over my dad's shoulder. Our house had started on fire. My family's in the lumber business. My grandpa was a lumber broker. So the every stitch of this house, exposed wood beams, wood panel, you know, tongue and groove.
[00:20:47.900] - Chris Nordyke
It's a tinderbox.
[00:20:48.920] - Les Gutches
Oh my God. Yeah, right. Wow. And so it starts on fire. It was those little click roller switches in like a china cabinet. It shorted out. It was against the dry.
[00:21:00.000] - Chris Nordyke
Yeah, wood. Yeah, yeah.
[00:21:02.660] - Les Gutches
So Dad's able to get the two boys, you know, my two younger brothers and my mom out the front, and by the time he comes back and gets me, I'm asphyxiated by the smoke. I would have died. Wow. No doubt about it. And so he puts me over his shoulder, can't make it out of the front door, and so we have to go through kind of a back entrance that we never used. It was one of those aluminum sliding glass doors.
[00:21:23.790] - Chris Nordyke
Yeah.
[00:21:24.110] - Les Gutches
That, because it's never been used and all the pine needles from the trees around the house had, you know, jammed.
[00:21:29.180] - Chris Nordyke
You can't—
[00:21:29.640] - Les Gutches
oh yeah, it's like— and Dad was a strong guy. I think he was a 400-pound-plus bencher. And but, you know, he did one of these, you know, people lift cars off people. Like, yeah, I mean, you'd have a hard time demoing that with demo equipment.
[00:21:41.860] - Chris Nordyke
Yeah.
[00:21:42.200] - Les Gutches
So he, he somehow gets it open, rips it off the track. And by this time, you know, I've been low enough on the ground that I'm like, okay, what's, what's going on? And so we start making our way out. And at that point, I remember I look back and the 3 skylights, you know, just the fuel that we gave it opening up that door, they blew. It's like 3 chimneys of flames and it's just going up, right? And so a funny aside, Dad says, you know, I'm in my tighty whities, right? And he says, hey, run up to Grandpa's. It's about a quarter, half mile away. Call 911. And so I tear off across the field barefoot. And I didn't know Grandpa had moved the disk. Out in the field in my path, and I've been looking at the fire, right? So my eyes— at any rate, I had a high-speed meeting with that disk and rolled off of it and went up, and we called 911. But by the time they got there, it was burned to the ground. And the reason I tell this story is, so then we moved to Grants Pass temporarily.
[00:22:37.580] - Les Gutches
The insurance company put us up, and I was within walking distance of a gym. There was a guy there named Ron who was a bodybuilder, and he kind of took me under his wing said, hey, if you want to meet here every day, we'll meet up. And you should go get yourself some protein and take that every day and eat as much as you can and mix it with ice cream. All the— eat a bunch of—
[00:22:56.450] - Chris Nordyke
all the bodybuilders. Yeah, gains.
[00:22:58.600] - Les Gutches
And so I did that. And over that summer, I went from a 157-pound kid to a 195-pound man. It was like— it was just at the right time, right? I was just at that point where— and that's why I tell kids, you have to be consistent with your lifting because you never know when that's going to hit, when it's going to hit. But when it does, I've been telling my boy about this, you want to be— so once I became a 195-pound guy with abs and, you know, I was strong, well, the beauty of that was I'd had to make up for not being strong, not being as fast. I developed good technique and it was kind of tricky and had good hips. Well, now I had the strength and the power and the speed and the intimidation factor too, coming in with that build.
[00:23:39.900] - Chris Nordyke
Yeah.
[00:23:40.570] - Les Gutches
Yeah, so that's kind of really where I jumped to the next level. Won 3 state titles at South Medford. Wow. Didn't give up a takedown my last 3 years. And yeah, then went to Oregon State.
[00:23:51.940] - Chris Nordyke
Wow. Now, now, Oregon State— so you went on to Oregon State, but also didn't you have Ohio was chasing you, like another huge wrestling school?
[00:24:00.860] - Les Gutches
Oklahoma State.
[00:24:01.750] - Chris Nordyke
Oklahoma State.
[00:24:02.230] - Les Gutches
Um, yeah, I took a few different visits, but yeah, I definitely could have went to Oklahoma State, and they'd been national champions.
[00:24:08.620] - Chris Nordyke
And why OSU? Just because, you know, home state, like I actually had signed with Oklahoma State.
[00:24:13.540] - Les Gutches
I signed the letter of intent, gave it to my mom and said, hey, well, actually, I called the coach at Oklahoma State and said, hey, I'm going to sign. And he goes, great, do you want me to send somebody to get it? Like, that's the silliest thing I've ever heard and the biggest waste of money. I'll just put it in the mail. Yeah, okay. And so I gave it to my mom. I said, hey, put this in the mail. And I slept on it, woke up the next morning. Have you sent that yet? Nope. I went and tore it up, and fortuitously, maybe an hour later, the Oregon State coach called and the Oregon coach called, and I just decided— my support system was there. I'm an Oregon boy. I, you know, I, it— I just— I thought I could do it here.
[00:24:53.880] - Chris Nordyke
Yeah, well, and clearly you did. So your whole career at Oregon State was storied. I mean, it was just— did you— I, I don't think you had a loss.
[00:25:03.330] - Les Gutches
Oh yeah, I'm You're giving me too much credit. Somebody asked me what my record was at Penn State. I said, you know what, I don't know, but I know I had 10 losses and those were my— I had 8 my freshman year. I was up away and in my sophomore year it was— I had a bad NCAA tournament. I'd beaten everybody and just had a tough tournament. But yeah, then I came back and won 2 national titles, which isn't bad.
[00:25:25.770] - Chris Nordyke
Yeah, yeah, not bad at all. Right. And had a run at the Olympics and so forth. I'm curious, like during this time, When you think about disciplines and kind of your lifestyle development, I mean, you're playing at a very, very high level in wrestling. What did your discipline look like? Because I think this was probably a differentiator for you, if I had to guess, between you and a lot of your opponents. But what did your discipline, your eating, your training look like when you were in practice and outside of practice?
[00:25:53.900] - Les Gutches
Like, yeah, I guess for me, you know, I grew up seeing my dad work really hard. You know, my entire family, they're a bunch of blue-collar, hard-working folks. And I'd worked in the mill and, and helped in construction. And I knew that— not that I did— I mean, that's— those are great professions, and, and yeah, it's an honest day's work, but I didn't want to pull green chain. And so, you know, for me, that was how I was going to get my education, right? And so initially it was not— life or death is a pretty strong analogy, but I mean, it was very important. It was very important because I wanted to get my degree. I wanted to create some type of future for myself. And that's just kind of what you did then. You get a degree and that is maybe going to lead to something good.
[00:26:42.520] - Chris Nordyke
Of course.
[00:26:43.210] - Les Gutches
And so initially it was that, but pretty quickly also it was, hey, I've got a chance to really do something here. Not a lot of money in wrestling, but I could make a little bit of money. And who knows, it may set me up for something. So there was a component of it that I just want to see how good I can be. But there was also a component, this is an opportunity for me, and I want to see where it leads. And so to your point, yeah, you got to do everything right because I mentioned it earlier, wrestling, if you fail, there's literally— they put a spotlight on the mat, right? And there's you and one other person. And everybody is watching that match, there is just nowhere to hide. And so you can start to get pretty disciplined when you know that, you know, if you don't do everything right, you don't eat right. Yeah, I did all of it. You know, we got up in the morning and we'd lift weights and drill and run in the morning, and, you know, you eat the right things during the day. And I'd even bring a rice cooker and cans of tuna with me on wrestling trips because, you know, we wouldn't maybe get the right food and So, yeah, I mean, there comes a point where you're just like, I am going to do every single thing in my power to enhance my chances.
[00:27:56.520] - Les Gutches
And really, that's where confidence comes from, right? I mean, everybody thinks confidence, this magic thing that some people have and some people don't. I've experienced it firsthand. I remember being in a match my junior year, wrestling the guy from Iowa in Carver Hawkeye Arena in Iowa in the semifinals of the national tournament. Big match, and this guy was good. And I remember I had screwed up the match a little bit tactically. I got convinced to wrestle his match, and I'd had a couple close plays. I was close to scoring a couple of times, just didn't nail it down. And, man, next thing I knew, the score was tied, or we were in overtime, I forget which. And I remember going out of bounds, and I was exhausted. The crowd was wearing on me. It was just deafening. This guy had some momentum. I felt this pressure because I was undefeated. And I remember going out of bounds and thinking, man, I want to let up. I don't know if give up is the right word, but I just felt a little bit defeated. And I had that thought for just a split second. And there was this thing that clicked in or just in my mind said, no way.
[00:28:57.490] - Les Gutches
I remember all the stitches. I remember all the times throwing up in the trash can. I remember all the times. I mean, just all the blood, sweat, and tears.
[00:29:04.620] - Chris Nordyke
Yeah, right.
[00:29:05.980] - Les Gutches
And at that point, I made up my mind. I said, no, I'm going to figure out a way to get this done. And when I went back to the center of the mat and I figured out how to get it done. And confidence comes from being prepared and knowing that you put the work in, knowing that you didn't leave a stone unturned, that you did everything humanly possible to prepare for this moment. And no different in business, doing a business deal. But that's the mindset.
[00:29:28.220] - Chris Nordyke
Yeah, I forget who I was listening to. I don't know if it was an MMA thing, UFC. I feel like it was maybe Jorge Masvidal, actually, I think about it. Somebody asked him, are you afraid when you go in? And he referenced what you talk about. He's like, look, when you lose in a fighting sport, it is the height, potentially, depending on how you decide to frame it, it's the most humiliating thing because there is no— like, your performance was out there in front of everyone. Everybody got to see every move you made, good or bad. And there's also, like, the physical implications of it. Like, you can get hurt in combat sports, obviously. But he just talked out, he'd reflect on the same thing. He's like, you— the confidence comes from, I believe I've worked harder, I put more in than the other— the guy across the ring from me. And that's really the only thing that gives you confidence, is what you've done to prepare for this moment and to what degree, right? That's interesting. Let me ask you one other question about the, the wrestling career, and then I got some questions about business and things I want to cover.
[00:30:29.670] - Chris Nordyke
But you spent the vast majority of your career winning. How did you not become sort of an arrogant prick? You know, I mean, like, when somebody spends so much of their career— I mean, high school, you had 3 years of just like domination, and of course you worked for it. It wasn't as though that was handed to you. And same with college. I mean, you're putting in the effort and the work. It like, like, were there, were there times in your life that were humbling in particular ways that kept you kind of grounded and able Or what was that like for you, sort of that journey to humility and whatnot? Because I experience you now. I mean, just, you know, we're sitting here having a normal conversation, but was that ever a struggle for you?
[00:31:12.080] - Les Gutches
Like, no. I mean, some people present themselves that way. Some people present themselves as arrogant for a reason, right? I mean, sometimes they want to project that. Sometimes maybe people actually feel that way. But I didn't have to look back far. I could look back to those middle school and junior high practices. I was definitely taught some humility, and I was taught that there's always somebody tougher on a given day. And I don't know, I didn't want to give anybody a— I wouldn't want to give somebody a reason to be more motivated than they already were, running my mouth or whatever.
[00:31:46.990] - Chris Nordyke
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[00:32:40.510] - Chris Nordyke
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[00:33:11.290] - Les Gutches
I'm glad I didn't wrestle in the era of social media.
[00:33:15.940] - Chris Nordyke
Oh man.
[00:33:16.980] - Les Gutches
Yeah, I don't know, it's just, you know, some of it's just who you are. That's not me. Yeah, you know, I mean, you know, I'm at the gym, you know, I see some people, you know, if they're on a machine and, and somebody— you can tell somebody wants to use it, right, where you're both going for the machine at the same time, or whatever, a bench. I always take the you know, the attitude of, look, I can do anything, go for it. Yeah. Or, hey, I can see you eyeing this thing you're working through, have at it. I'm gonna go do something else, I'll come back to it. Yeah, right. Yeah, you know, so I've just— that's just— I don't know. Yeah, I don't know. Yeah, to the arrogance thing.
[00:33:53.750] - Chris Nordyke
No, that's good. All right, so you have this— you have this whole career in wrestling, go up to the Olympics. I, I think, you know, you also had some time you spent training MMA. You've been a coach. You worked for the US Wrestling Federation and working with young people and kind of following on your path that you came. So you've had all this involvement in wrestling, but at some point you— well, I think I got a timeline screwed up there. You finished school, you ended up becoming a commercial loan officer, right? So that leads then later into a wrestling career. But today, let's speed up to today. So today, what do you do for a living? How's your life oriented right now?
[00:34:33.490] - Les Gutches
Kind of hard to explain it. Yeah, I'm involved in several different businesses and business ventures, some operating businesses, some more real estate based. And in general, I do the same thing for all of them. I do kind of the finance piece, setting up operation systems, risk management, insurance, which more and more is becoming very important, getting more expensive, bookkeeping and preparing the tax returns to the extent that I hand them over to the accountant. And, you know, every business I do something along those lines, but I also play some other roles too.
[00:35:05.890] - Chris Nordyke
I'm curious on this finance side. So that's kind of your wheelhouse that you bring to your business ventures. I imagine you've looked at a lot of businesses to buy or companies or properties to buy. When you look at business financials and you did a ton of it when you were at Citizens, right, lending lines of credit, I'm sure, stuff like that. What would you say, just like top of mind, what are the most common mistakes or blind spots for most business owners when it comes to the financials of their business and how they're operating financially?
[00:35:34.570] - Les Gutches
Oh yeah, well, I mean, and just to back up, it's interesting. My son is, and I think this is valuable. Yeah, my son, he's 18, he's getting ready to graduate, and he's getting ready to start getting, you know, some jobs because he's been in sports and But, you know, he's going to have to, you know, start to enter the workforce to some extent, summer jobs, part-time. And what I told him is, I said, "Bud, don't just rent yourself out. Every job that you get, you need to get something else out of." It might be that you have a terrible boss and you learn what you don't want to do, or you have a boss that does some things really well, or you have a business— you work the front desk of a hotel, you get to learn a little bit about the hospitality business and how that works. You get a job in retail and and start to look at how it runs and what the margins are in the system. And so whatever you do, don't let it use you. I mean, do a great job and leave it better than you found it, but you use it too.
[00:36:29.840] - Les Gutches
I'm probably not framing— using is the wrong word. Just make sure you get something out of it in addition to doing a good job.
[00:36:36.570] - Chris Nordyke
Harvest something as much as you can out of that opportunity.
[00:36:39.290] - Les Gutches
That's right. And for Citizens Bank, I mean, they gave me a great opportunity. I mean, I went from wrestling coaching and being in this situation where I had a lot of esteem and a lot of respect, and, you know, I took an entry-level position at Citizens Bank. Them taking a chance on me was— it was probably just an interesting experiment to them. Let's see what happens. Yeah, yeah. But, uh, but man, it was the best thing I ever did because I looked at financials, and don't get me wrong, I hated it at the time.
[00:37:07.200] - Chris Nordyke
Really?
[00:37:07.910] - Les Gutches
Well, I mean, it's just so tedious.
[00:37:09.180] - Chris Nordyke
Boring. So tedious looking at P&Ls and balance sheets.
[00:37:12.790] - Les Gutches
And so, and tax returns. And but I mean, I did that 8 hours a day, and you start to learn what works and what doesn't.
[00:37:19.850] - Chris Nordyke
That's a street MBA right there.
[00:37:21.530] - Les Gutches
Yeah. And it was funny, a lot of the really wealthy folks, you know, they, they did a couple things. One, they didn't get divorced, and two, they took a chance during the savings and loan crisis. Ah, and that was really instructive for me. And they all had some story of, man, you know, everybody is running out of the market with their hair on fire. They thought it was never going to come back. And I said, the hell with it, put a down payment on something. And, you know, it really was the beginning of something big for them. You know, they were the people who were the big players.
[00:37:52.730] - Chris Nordyke
Yeah.
[00:37:53.380] - Les Gutches
But at any rate, that was a really— I got so much out of that. And, you know, from a couple different perspectives. One is understanding of financial statements, but the other is, okay, You're super successful, at least financially.
[00:38:05.970] - Chris Nordyke
Yeah.
[00:38:06.590] - Les Gutches
How'd you do it?
[00:38:07.410] - Chris Nordyke
Yeah.
[00:38:07.730] - Les Gutches
And people like to talk about it.
[00:38:09.310] - Chris Nordyke
Oh, so you would ask people that? Yeah.
[00:38:12.200] - Les Gutches
Yeah. And most people want to chat if you're interested genuinely. So anyway, in my opinion, the thing that a lot of folks don't pay enough attention to is the balance sheet. Mm-hmm. You know, a lot of people grow themselves broke. They say, oh, if I double my business, I'll make twice as much. Well, you need twice as much working capital too. And, you know, yeah, that's one of the classic mistakes. But yeah, I would say just managing the balance sheet because we tend to just look at the profit and loss.
[00:38:38.340] - Chris Nordyke
And yeah, exactly.
[00:38:39.390] - Les Gutches
But, uh, top line, bottom line, right?
[00:38:41.550] - Chris Nordyke
Yeah. Okay, so go back, go back though, because you're, you're asking these rich people, you're starting to see some patterns, but you're also engaging them. And hey, wow, you're really successful. What— give me some, give me some tips, give me some— what, what kind of stuff were you learning and hearing from these? I imagine some of these clients became friends. You're probably still Yeah, connected to someone, maybe you've done business with some of them since. What were some of the other things that they were teaching you or telling you?
[00:39:03.770] - Les Gutches
Yeah, it sounds ridiculously simple. They took a chance when other people were fearful. Yeah, right. I mean, it's at the very core of it, you know. I brought up the savings loan thing. I mean, that was, you know, that was a theme, a recurring thing. Yeah, it really was. And real estate was a recurring theme. Yeah, you know, you look at a dental practice and, and you'll think Man, they must be making a lot of fillings, a lot of root canals, they're making cash. They're really making cash on the tax efficiency of owning the real estate and the principal paydown over time, the benefits of depreciation and all those ancillary benefits of building wealth through owning real estate. So you'd start to see, okay, yeah, they're a doctor or they're a dentist or whatever they are. But man, a lot of their net worth on this balance sheet, it's in real estate. Yeah. And it's not the only way to do it, But yeah, I'd like to hear what chance did they take and how calculated was it and how'd they do it and how did they use debt? How'd they use leverage? What's their philosophy on that?
[00:40:06.410] - Les Gutches
And that was really interesting. I had the benefit and I mean, it was kind of a miserable time to be in banking, but 2008, 2009, 2010.
[00:40:15.570] - Chris Nordyke
Yeah.
[00:40:16.300] - Les Gutches
Man, there were some younger kids who were in the trades, and they're buying vans and they're buying equipment and they are growing, right? Because the real estate ecosystem was booming, right? The economy, you know, they're, you know, the ninja loans and all that good stuff. And so they're scaling, man. And, you know, and you're kind of watching that going, man, they're really successful. And then you talk to maybe somebody who was 50 or so who'd been through a couple cycles. They're like, yeah, If I'm growing, it's slow. I'm paying cash for things.
[00:40:50.770] - Chris Nordyke
I'm sitting tight right now.
[00:40:51.830] - Les Gutches
These things don't last forever. Fast forward a couple of years, you're like, that dude was wise. Because wisdom, it's not just intelligence, it's experience. You have to have experience plus intelligence is wisdom. So you just learn a lot of— people have paid tuition, and sometimes you get to learn from that.
[00:41:14.020] - Chris Nordyke
He said another theme was don't get divorced. And man, right? I mean, how many of us have seen examples of people just splitting their life earnings in half, or worse, starting over following a divorce? So you've been married, same wife the whole time, so you've managed to follow that advice. What would you say, as you were building your career and starting to build a family and stuff, like, How did you manage, like, like, how did you manage this knowing this? Like, there's this motivation behind you. Like, most of the successful people I'm seeing that have accumulated a lot of wealth, they, they stick to their same wife, they don't get divorced. Of course, most of us, we start having kids, that's where life starts to get really hard. That's where marriage starts to get really hard. What was that season like for you and your wife, and how did you guys manage all these pressures? Because you've got this dad you grew up with, it's like super hard worker, and an uncle, like a whole family around you that's like, you know how to work. But then I think a lot of us too end up— our work ethic ends up at least getting balanced or softened by this pull that I need— I have this relationship, I also got to be a dad.
[00:42:20.360] - Chris Nordyke
What was that season like for you, early days?
[00:42:22.750] - Les Gutches
Yeah, so, you know, it's not just not getting divorced. I mean, obviously this is somewhat part and parcel, but it's picking the right partner. Yeah, right. Yeah. And You know, I'd like to say that I had this, you know, it was this calculation and there's a formula to it, but some of it is I just got really lucky, you know? And so my wife, Jennifer, when we bought our first rental on Lyon Street in Albany, it needed a lot of work. Needed a lot of work. It was bad. But I'd grown up doing some remodeling with my dad and Jennifer's a roll-your-sleeves-up type woman. And so, I remember, speaking of kids, we just had our first child. She's in a car seat. We'd pull up after work at Citizens. It's 5:30. We'd hit Home Depot on the way out. We'd gotten the countertop material or the tile or whatever it was, filters for vacuuming. And the three of us would roll up, we'd park, we'd put the baby in another room and make sure that it was a good environment and no dust. And we'd work until 1 in the morning. And then, you know, you'd go home and do it again for, you know, a month or two and until you've got the place cleaned up and can rent it up.
[00:43:34.050] - Les Gutches
And we did that together. And just as an aside, one time our dryer broke down and I said, well, let's just, let's go to Best Buy and get another one. She said, ah, let me. Well, I come home, she'd been on YouTube and she had the dryer apart, had went down and gotten the heating element it needed and got that thing back together. It ran for another 4 years.
[00:43:52.750] - Chris Nordyke
And I mean, just not many, not many, For the religious people listening, this is my, like, religious upbringing. She sounds like a Proverbs 31 woman, right? That's like always resourceful and like, you know, selling and doing deals. And so it sounds like that kind of—
[00:44:08.380] - Les Gutches
she's really into it, you know. That's important too. I mean, we have— I would say in most cases 100% aligned.
[00:44:13.500] - Chris Nordyke
Wow.
[00:44:13.760] - Les Gutches
You know, on what we're doing and where we're going.
[00:44:16.000] - Chris Nordyke
You know, listen, I think sometimes you can tell when people are like genuinely connected. And I see— I just observe these things. I see you guys at the gym, just the body language, the way you guys look at, you know, just all that. And it's just obvious you guys have a special connection, that you guys still like each other. And, oh, that's really cool. Okay, so commercial loan officer, you're learning a ton about business, you're seeing patterns. When did you decide to— well, so you had rentals, so you started dabbling in some of this investment stuff, but at what point did you start investing in other companies, in other, like, commercial properties? When did you kind of take the next step into other stuff?
[00:44:55.260] - Les Gutches
Yeah, every one was kind of accidental, I'd say, in ways. I mean, I think the first operating business I was involved in was a gym south of town here. And my business partner, Jeff Maggie, great man. He's given me a ton of opportunity. You know, we've done a lot of business together, a lot of trust, you know. But we'd done some deals, and he's really into volleyball and coaches a volleyball club there. Really successful club.
[00:45:23.030] - Chris Nordyke
Yeah, I remember hearing that.
[00:45:24.040] - Les Gutches
Yeah. And, uh, he comes to me and he's this guy who has a vision. He's what I call a gas pedal. He likes to do deals. He fails forward, you know. He's super optimistic, rolls his sleeves up and gets started on things now, right? You know, so he comes to me with this vision, a gym, you know, a couple miles out of town. You know, I'll admit I wasn't really seeing it. Yeah, but I didn't want to cherry-pick deals. I mean, you can't, you know, we're partners. Yeah, so let's do it, right? And so, you know, given my role in things, I, you know, I figured out how to run a gym. You know, real estate's pretty easy. It's an asset and we've got some bills that come through, but when you get an operating business, it's different. Oh yeah, right? And, uh, I have to say, I— well, and, and the gym's been, I would say, very successful. You know, it's been a lifestyle for him and super cool thing for all of us. So I kind of learned that. Well, then we bought a day spa, of all things. I know way more about a back bar.
[00:46:24.320] - Chris Nordyke
I know what spa you're talking about. Yeah, here in town.
[00:46:26.340] - Les Gutches
Yeah, we had that for a while, and now we rent chairs, which is better for everybody. Yeah, people want to run their own business, and you have tenants as opposed to employees. We did that for a while, and that was another That was a different type of business, a lot more employees. And so that was fun to learn. And why we bought the spa, I still really have to think about that. I couldn't tell you what triggered—
[00:46:50.700] - Chris Nordyke
You bought the building that that spa was in, right? We're talking about the place on 9th Street?
[00:46:54.240] - Les Gutches
Yeah, but it was in— gosh, there was a bookstore there and Now Samaritans there. I forget.
[00:47:00.350] - Chris Nordyke
Yeah, yeah, yeah.
[00:47:01.170] - Les Gutches
So it was there.
[00:47:02.040] - Chris Nordyke
There's a family that started it.
[00:47:03.550] - Les Gutches
Yeah, it was there. and then, uh, we bought it and operated the business there for a while. And then back to best way to make money in a business is to own the real estate. Yeah. You know, Jeff spotted that property on 9th Street and we built that out. But, um, it was kind of by accident, but cool, right? Like I get to learn something new. And then you fast forward, I'm sitting around in Colorado Springs and we had made great friends with some of our neighbors. And this guy, he's a gas pedal too. His name's Brent, and Brent's a Silver Star, Special Forces. You wouldn't know it, but yeah, I mean, he's a really accomplished guy, really, really cool guy, knows how to make money. We're sitting around and he's in the liquor business, so who knows, we're probably drinking some whiskey. I'm just picking his brain a little bit. I said, "How do you manage your accounts payable, and what kind of terms do you get?" And, you know, "Oh, you get credits from vendors for things. How do you manage that?" and not that he's a great business person, but he knows how to buy low, sell high, get every cent out.
[00:48:05.080] - Les Gutches
But I was asking some questions. He's like, well, what do you think? What do you do? You know, why do you ask? And, and so, you know, in addition to us being friends, I think that he saw that maybe there was an opportunity to have some synergy there.
[00:48:16.580] - Chris Nordyke
Saw some special knowledge in you.
[00:48:18.070] - Les Gutches
Well, yeah, I mean, just, you know, maybe just complementary skill sets. Yeah. And, uh, somebody approached him about starting a liquor store in this strip mall that was going in. It's kind of got an anchor, like call it a Super Walmart type thing.
[00:48:30.190] - Chris Nordyke
Yeah.
[00:48:31.160] - Les Gutches
He said, hey, you want to go in on this? And I didn't even know. I said, absolutely, right?
[00:48:35.410] - Chris Nordyke
Because you wanted to work with him, right? Yeah.
[00:48:37.820] - Les Gutches
And I mean, he's a successful person. He knows the liquor business. And it's funny, I'm going to back up a little bit. One other thing I learned, one of the— a really smart guy over at the bank had told me the best chance you can take on somebody, the best credit risk is somebody who's went bankrupt. Because they're not going to do it again, right? If that makes sense. Yeah, it does.
[00:48:56.410] - Chris Nordyke
Yeah, yeah.
[00:48:56.980] - Les Gutches
And, and Brent didn't go bankrupt, but he had a, he had a liquor store that didn't go well, didn't work.
[00:49:02.850] - Chris Nordyke
Yeah.
[00:49:03.490] - Les Gutches
And so I knew that he wouldn't get into— and he had a, he had a successful store at the time, you know, so he'd kind of bounced back from that, figured it out. But I knew that if he thinks this is a good deal, it's a good deal. And, you know, we did some back of the napkin, and, you know, so we, we started that business. And that's been a really interesting lesson because it is so I mean, they're razor thin margins, really volume based. You're buying 2 or 3 times a week, and that's really hard to figure out. But once you figure it out, it's fun, right? And so I got to learn a high volume, thin margin retail business. Yeah, that's interesting.
[00:49:43.540] - Chris Nordyke
Have you expanded? Have you guys opened up other stores?
[00:49:45.960] - Les Gutches
Yeah, we got another one.
[00:49:47.650] - Chris Nordyke
So you guys building a brand?
[00:49:49.160] - Les Gutches
Colorado is set up in a way where you really can't. Okay.
[00:49:51.820] - Chris Nordyke
It's kind of like Oregon.
[00:49:53.280] - Les Gutches
Technically, my wife owns one of the stores and I own one of the stores. Oh, gotcha. And we're partners in those two.
[00:49:58.580] - Chris Nordyke
It's sort of like the OLCC thing in Oregon.
[00:50:01.120] - Les Gutches
Yeah, I mean, probably not exactly, but it's pretty regulated. So it's interesting. And I don't know if this has been on purpose. I know it wasn't on purpose, but I figured it out that every successful venture needs a gas pedal, a brake pedal, and a transmission. And it's really hard for one person to be all three. I mean, we've all been with the teenagers learning to drive who have their foot simultaneously on the gas and the brake.
[00:50:25.350] - Chris Nordyke
Oh, yeah.
[00:50:26.720] - Les Gutches
And I mean, I'm not saying they're not out there, but, you know, in my role in these businesses, I'm a bit of the brake pedal. Yeah, I'm a bit of, okay, well, the gas pedal just brought, brought a deal. Well, I look at it, I pencil it out. Does this still work? If it goes 50% over budget and takes us twice as long, and, you know, are we overestimating the upside? Are we underestimating the downside? Yeah. You know, what's the financing look like? What's the insurance look like? How much expo? You know, that's my role.
[00:50:57.220] - Chris Nordyke
Yeah, yeah.
[00:50:57.700] - Les Gutches
And it's funny because, you know, they'll bring deals and, man, I'm just, I'm not seeing it. And not that they couldn't make it work, but, you know, and we look at it more closely and they go, oh yeah, yeah, I think, yeah. We'll pass on that one. But then when we both get together and like, it's funny, you have this moment of clarity where it's like, no matter how hard I try, I can't poke a hole in this.
[00:51:20.290] - Chris Nordyke
Yeah.
[00:51:20.670] - Les Gutches
Right?
[00:51:21.320] - Chris Nordyke
Then you know you got the right thing.
[00:51:22.840] - Les Gutches
Yeah. And you're still like, Goddamn, am I missing something? Yeah. But yeah. And so it's, I need a gas pedal because if I didn't have a gas pedal, I wouldn't do many deals.
[00:51:32.570] - Chris Nordyke
That's right. You wouldn't be going as many places.
[00:51:35.070] - Les Gutches
That's right. Yeah. I talked about the transmission.
[00:51:38.450] - Chris Nordyke
Yeah. What is that?
[00:51:39.710] - Les Gutches
Well, we've really figured that out, and I know it depends on the person, but that's the management, right?
[00:51:45.500] - Chris Nordyke
That's the maintainer.
[00:51:46.530] - Les Gutches
Yeah. Because even though I may not be the gas pedal, I'm a builder. I want to build it.
[00:51:51.910] - Chris Nordyke
I want to set a system up, a process, move on and build the next thing.
[00:51:54.820] - Les Gutches
Yes. And management is— I'm not downplaying management. It's absolutely critical. There's an art to it.
[00:52:01.620] - Chris Nordyke
Yeah.
[00:52:02.040] - Les Gutches
But I just can't do it if the day is the same every day. I mean, now, when I'm bodybuilding and eating the same thing every day, I can do that, right? But I mean, in terms of management, I have a tough time with it. And what we did in the liquor stores, Brent had a manager who was just a really high performer. He said, man, we should bring this guy in and let him buy in, and I think that'll work.
[00:52:28.370] - Chris Nordyke
He's our transmission.
[00:52:29.420] - Les Gutches
Yep. Yeah, man, that sounds good to me. Well, it works so well because when you have a manager who's thinking like an owner, that is the Holy Grail. Oh man. Right? Because he knows that every dollar we save, some of that goes in his pocket. Every additional sale we make, some of that goes in his pocket. And that's difficult to do when somebody's not an owner. I mean, you can put together some compensation schemes and some bonuses and you can kind of make it work, but man, there's no replacement for ownership. Find, you know, a manager who thinks like an owner, whether they actually are or not. That's really something.
[00:53:03.950] - Chris Nordyke
Yeah.
[00:53:04.290] - Les Gutches
So anyway, that's, that's interesting. That's kind of how I look at it. Yeah, it's, it's about surrounding yourself with the right people. And I kind of figured that out from watching wrestling coaching staffs. It's human nature to want to surround yourself with people who think like you. Yeah. And have the same philosophy, right?
[00:53:19.730] - Chris Nordyke
Right.
[00:53:20.220] - Les Gutches
Well, in wrestling coaching, that's not a great thing, right? Because Sometimes you need that somebody in the room to stand up and say, uh, have we thought about this? Or whatever, you know.
[00:53:29.330] - Chris Nordyke
Sure. Yeah.
[00:53:30.090] - Les Gutches
Because some kids have a problem that needs to be solved with hard work and intensity. Some kids have a problem that needs to be solved with technique. Some kids need somebody to talk to. Yeah, right.
[00:53:37.400] - Chris Nordyke
Just need some encouragement or something. Yeah.
[00:53:39.790] - Les Gutches
Rarely is there a person who can do all three. And so I kind of watched this in coaching staffs where the coaches who surrounded themselves with clones of them weren't as successful. And the coaches who said, yeah, I may not agree with this guy, but he's going to make me better because he's going to shore up an area where I'm not as strong. Yeah, those were the programs that really took off. And I don't know that was necessarily a conscious thing, but for me, that's been a really important part of how I've gotten where I am. And by the way, I never have felt successful a day in my life, so I'm not saying Oh, this is how I've gotten where I am. But I'm just saying that, you know, I've had some wins and those have really come by surrounding myself with the right people.
[00:54:25.980] - Chris Nordyke
So at this point, like when you look at a deal or an opportunity, is that just a native part of your thinking is who's going to be the transmission? Where's the— where are the different component parts here of the team and how do we put this together? Or is that, is that more secondary to just the financial the economic unit, the unit economics of the thing.
[00:54:45.550] - Les Gutches
Yeah. I mean, not that I've done a ton of these, right? But I mean, sometimes you identify the transmission before you even start.
[00:54:54.690] - Chris Nordyke
Yeah.
[00:54:55.750] - Les Gutches
And sometimes you're building the airplane while you're flying. That's right. And sometimes things don't work out the way that you thought. And that's the beauty of business, right?
[00:55:05.310] - Chris Nordyke
Adapt and overcome.
[00:55:06.240] - Les Gutches
Yeah. You got to get up early and you've got to think about it. And yeah, and you gotta, yeah, just, just figure it out.
[00:55:13.890] - Chris Nordyke
So I feel like I, I remember you and I in a brief conversation we had several weeks ago or a few months ago, you talked about a damage event that you had at one of your liquor stores. And I was like, oh, this guy, this guy does have a connection to our industry. But, but what was that? I forget. Didn't you have like a sprinkler system go off or something happened?
[00:55:32.490] - Les Gutches
Yeah, so the building was pretty old. Right, built in mid to late '70s.
[00:55:37.810] - Chris Nordyke
Okay.
[00:55:38.260] - Les Gutches
Well, nobody had told us, but they'd had a couple sprinkler heads fail.
[00:55:42.750] - Chris Nordyke
Oh boy.
[00:55:43.470] - Les Gutches
And that wasn't on our radar, right? You know, you get this new store and it's a big purchase and a lot of down payment and, yeah, you know, your, your mind is thinking, why share that ahead of time to the person who's buying? They were great people. It's, it's, there was a lot of, I mean, it's a big building, right? Yeah, yeah. But, uh, about 3 weeks into owning it I get a call from my business partner and he said, hey, we've got a flood down at the liquor store and it's bad. Fire department's down here.
[00:56:10.080] - Chris Nordyke
Oh my goodness.
[00:56:10.650] - Les Gutches
And it's, it's not good. And so, you know, throw some clothes on and go down there. And it's— we have an employee manager, we have an owner-manager, and it's, you know, Brent and myself. And we're looking at it and I've got video of it. It's crazy. I mean, it's a big enough building that there's a little bit of know, the, the floor is a little bit—
[00:56:30.610] - Chris Nordyke
a little sloped.
[00:56:31.350] - Les Gutches
Yeah, yeah. And I mean, there were parts of it that it was, it was up above my shoelaces, right?
[00:56:38.720] - Chris Nordyke
Yeah, yeah.
[00:56:39.220] - Les Gutches
And it's— now luckily it, it happened over the, the beer cases where the vendors could come and bring more, you know, sure, cardboard cases and hot glue them shut. But yeah, in retrospect, but I got there and I'm thinking, oh my God, what did we do?
[00:56:54.840] - Chris Nordyke
Yeah.
[00:56:55.340] - Les Gutches
And so I look at it, I'm going through the op, you know, like, oh, do we call a disaster restoration company? Which was probably the right thing to do, especially in the context of this.
[00:57:03.450] - Chris Nordyke
Yeah, yeah.
[00:57:03.850] - Les Gutches
But Brent, the gas pedal, he says, we got a couple shop backs.
[00:57:10.570] - Chris Nordyke
And all of our listeners are going to get such a kick out of this.
[00:57:13.050] - Les Gutches
And I'm like, yeah, well, yes we do.
[00:57:15.620] - Chris Nordyke
Yeah.
[00:57:16.030] - Les Gutches
And I just happen to know how to work hard. Yeah, I think I do. Yeah. And so the four of us We had these 35-gallon Rubbermaid trash cans, right? And we had these 15-gallon Shop-Vacs. And by the way, pretty early in the process, I realized we're all tired and punchy. We had better tie the extension cord where it comes together to the top of a shopping cart so that that doesn't get in the water.
[00:57:40.590] - Chris Nordyke
Indeed. Yes.
[00:57:42.500] - Les Gutches
And so, so we've got these extension cords tied to these shopping carts and we've got one guy, you know, vacuuming up, you know, 15 gallons, the other guy taking it off, put it in the trash can, and then I'm going back and forth, you know, and I figured it out.
[00:57:57.930] - Chris Nordyke
Emptying water.
[00:57:58.810] - Les Gutches
It was tons of water. I did the math. I, you know, estimated how many trips, and we work from midnight until 8, and we open at 10, and it— we've kind of— we've almost got it whipped, and I can't believe it. I mean, it's— we have done— it was a Herculean effort.
[00:58:13.410] - Chris Nordyke
Wow.
[00:58:13.730] - Les Gutches
And I'm like, man, how are we going to get the rest of this up? Are we going to mop? Well, the guy who cleans the floors had one of those Zamboni, uh, squeegee behind it. Yeah, yeah, yeah. I sucked up another couple hundred gallons of water using that. And, uh, man, we opened up at 10 AM. Yeah, didn't lose one sale. Wow. Yeah, we had some soggy beer cases, a few bottles of wine. Sure. Went, you know, got a little crusty, but, um, and the floors were pretty damn clean.
[00:58:40.590] - Chris Nordyke
It's one of the cleanest they did in 3 weeks, at least.
[00:58:43.160] - Les Gutches
Under those, under those shelves. Yeah, there are a lot of broken bottles and it doesn't get cleaned. Yeah.
[00:58:48.620] - Chris Nordyke
Ever.
[00:58:48.780] - Les Gutches
Yeah. So that's probably—
[00:58:50.650] - Chris Nordyke
it was, uh, probably, probably a good thing overall, right?
[00:58:53.780] - Les Gutches
Oh yeah. But oh my gosh, it was— that was— but I mean, again, that's where, like, you got the right people in the room. Yeah. I mean, you got a couple guys who are willing to work hard and one guy who says, we got some Shop-Vacs.
[00:59:05.420] - Chris Nordyke
Well, and probably 10 years from now, you'll be hanging out, you know, you'll be talking to somebody and be like, remember that time? It just makes for a great story, right? You get through those things.
[00:59:14.550] - Les Gutches
Yeah. And two, I mean, you know, we've had a couple hiccups in the business since, and it's like, at least the place didn't flood.
[00:59:20.050] - Chris Nordyke
That's right, exactly. Gives us a good frame of reference for things.
[00:59:24.030] - Les Gutches
But you can bet, just, just for a rainy day, no pun intended, I do have a stick pump and a couple, couple pumps in my garage.
[00:59:31.720] - Chris Nordyke
You're more ready than you would have been if you'd not been through that experience. Yeah, it's hilarious. Oh my gosh. Okay, last thing. You're a fit dude. I mean, I go in the gym, I feel motivated when I see your biceps and the giant veins popping out of your biceps. Like, talk to us about— because I think so many business owners start out like, we have a vision for our life, we want to enjoy our life, not just make money. But a key part of that is health. And I think all of us have watched folks that have burned the candle at both ends, just grinded for years and years. In the process, they lose their health. So by the time they have the money, the time, the freedom to do something, they're really relegated to a lawn chair and an RV, and they aren't able to really enjoy the money and the freedom that they put together. And so obviously you've made a different choice. And I'm just curious, like, how do you do that? Because I know just from watching you in college, you've never really let yourself slip as far as I can tell.
[01:00:30.270] - Chris Nordyke
You know, there's a discipline that you've maintained. I could be wrong, but what has that been like for you as you've kind of transitioned to these different areas of your life health-wise?
[01:00:40.460] - Les Gutches
Yeah, I'd like to tell you that it's this really hard thing for me to do and that it's this conscious effort I make, but I mean, really, it became such a habit. Like, I worked out every day. I mean, didn't miss a day. I mean, unless you're really sick and you felt bad about it for a couple of weeks that you missed a day. But anyway, I mean, it was just such a habit that, I mean, if I don't get a workout, I'm pretty crabby, you know, for, you know, whatever reason. Yeah, you know, kid stuff comes up or whatever. But, and, and for me, it's therapy, you know. I can be stressed out and, you know, I'm had my head down in numbers all day, or I'm looking for documentation I can't find, or we're having a hard time with the insurance renewal. Yeah, go down to the gym and Yeah, blow some of that out. It's never not better, right? You know, it's in my mind because, you know, you achieve something. I mean, it's one of the few things in life you have control of is, you know, you can't control how a client behaves and what sales are that day, but by God, you can control whether you go to the gym or not and put some work in.
[01:01:41.570] - Chris Nordyke
Boy, that's the truth.
[01:01:43.510] - Les Gutches
And I guess I do, you know, you kind of touched on it that, I mean, in a way, it's hard to be as successful as you can be if you're dealing with health problems. Yeah, right. And so in some ways, it's, it's part of the equation too.
[01:01:57.720] - Chris Nordyke
Yeah.
[01:01:57.930] - Les Gutches
So, you know, I think that, you know, it's learning moderation, right? I mean, yeah, you can have a cheap meal, and— but I mean, by and large, eat healthy and, yeah, go to the gym, make it a priority, and, uh, get your cardio in. And I don't do as hard a cardio— I don't do it as intensely as you do, but I should. But yeah, just put the work in. And even that, you look at— I mean, almost every study out there says that leg strength plays a role in longevity big time. So don't skip leg day.
[01:02:31.000] - Chris Nordyke
Do you have a certain— I mean, this kind of stuff is just helpful for folks that feel stuck, right? It's like, what's a good thing for me to just start doing? Because I think we can overanalyze programs. This— do I join a CrossFit gym or whatever? What's kind of your approach to fitness at this stage? I know for me, so I'm 46, I have started to shift my approach a little bit. I was kind of chasing the max bench press and some of that kind of stuff. I've been watching some of my friends who are kind of front runners. They're 48, 50, 52, and many of them are starting to change their goals and to really not just maintain, but they're really thinking more about longevity and protecting their joints and stuff. Like, What does your current workout regimen look like? You mentioned you're 53.
[01:03:17.870] - Les Gutches
Yeah.
[01:03:18.450] - Chris Nordyke
What does that look like on a day-to-day basis for you?
[01:03:21.040] - Les Gutches
So I'm going to give you two answers. Okay. I think the first one is for the people who— I'm going to talk about lightweight next in case I forget. Yeah, sometimes forget. But like when somebody's telling me that, oh man, I just, I looked in the mirror and this is it, and you know, I haven't been in the gym in forever, and they're, they're all gung-ho, I said, okay, let's ratchet it back. It has to be sustainable. Whatever you do has to be sustainable, whether it's your diet. And yeah, sustainability becomes relative once you get something established. But man, if you're going to the gym 0 times a week, go 2. Go 2 and do that for 2 or 3 months, then it's easy to jump to 3. Right. But if you start going 5 or 6 days a week and you've been going to the— not at all. Haven't been in the gym at all, then it's such a shock.
[01:04:08.440] - Chris Nordyke
Probably not going to last.
[01:04:09.610] - Les Gutches
And it's like, oh God, this is becoming a lot like work and I'm dreading it. It has to be sustainable. And that's life, right? As we get older, we get taught that.
[01:04:19.630] - Chris Nordyke
Oh yeah.
[01:04:20.770] - Les Gutches
But so that's, I think, the first thing is, yeah, if you're getting started after being off or you've never really been a gym goer, then Yeah, I mean, you know, don't be afraid to get a personal trainer and get a few pointers, or go with a friend who knows what they're doing and make sure it's sustainable and, you know, something you can stick to. And then what I was going to talk about, weight, is I'm still able to carry some size, but I really lift relatively light. And that was a change that I made in the last 2 or 3 years because things start to pop, you know, all of a sudden you have a little pec tear or I mean, you want to see something set your training back, tear a quad.
[01:05:03.080] - Chris Nordyke
Oh boy.
[01:05:03.400] - Les Gutches
Right? And so the point of this is not being fit and strong now. I mean, yeah, I want to be, but it's when I'm 75.
[01:05:11.690] - Chris Nordyke
Yeah.
[01:05:12.150] - Les Gutches
And so more recently, I've really been taking a look at, okay, do I really need 250 grams of protein a day? I'm going to dial that back, a little more sustainable diet. And then You know, I kind of pride myself in how heavy I can make a lightweight. Frank Zane was really into that, right? He said, yeah, lightweight heavy.
[01:05:33.430] - Chris Nordyke
And well, and Metzger too. I think Mike Metzger is another one of these bodybuilder guys that's like a one set to failure. Well, yeah, that's lighter weight, one set to failure.
[01:05:41.370] - Les Gutches
Yeah, yeah. I don't— I'm not—
[01:05:42.980] - Chris Nordyke
you're not into that?
[01:05:44.180] - Les Gutches
No, I don't go ahead. Yeah, I think he— well, I don't know. Yeah, but I think he was a heavier guy. He was like, go work up to it in one set. Maybe Dorian Yates, what'd they call it? Well, it doesn't matter. But yeah, so like I said, focusing on the eccentric. Yeah, more machines. And the other thing, and I know this isn't a weightlifting podcast, but it's amazing how many people just go through the motions. Right? Okay, I'm just doing a bench press. I'm just going to take the weight from here to here, here to here. Well, have you really thought about where your elbows are? And have you really thought about the plane of the bar? And have you really tried to feel the movement? You're working your chest, right? And the same is with back. Every once in a while, I mean, I think about it a lot, right? I'm doing a pulldown. But if you think about it and become a student of it, it's probably just my nature. You start to realize you're not pulling a weight down, you're taking your elbows to the floor and you're keeping them in a plane.
[01:06:37.840] - Les Gutches
And when you watch somebody and they're like, God, what are they doing? I always like to say, hey, just try taking— just concentrate on taking your elbows to the floor. Or if you're doing rows, elbows to the back. Yeah. And really feel the movement. I know it sounds crazy. I mean, it's, it's, you know, I'm probably a little fanatical about it, but I really do believe in that, that mind-muscle connection, feeling the movement. Every rep's intentional.
[01:07:00.090] - Chris Nordyke
Yeah. And yeah, no, I love that. Actually, I think that's great. That's a really easy principle, man. When you go to a conventional gym, like, you know, I go to your gym, Timberhill Athletic Club, and, and love it, But boy, there is no shortage of entertaining spectacles every day of people doing the weirdest things. And I think it's just because nobody actually pointed that out to them. Nobody ever explained to them what to watch for or what to notice. We see videos and stuff, and it's like, oh, I'm going to do lat pulldowns, and I just pull this bar down and I put as much weight on as I can for 8 to 10 reps. And that's just what they do. And nobody's ever taught them how to notice, right? And to feel what's going on.
[01:07:45.230] - Les Gutches
Yeah.
[01:07:46.050] - Chris Nordyke
But yeah, it's actually a source of great joy for me is watching some of the antics of people in the gym. You and I had— okay, listen, we have to share this. This is so—
[01:07:54.310] - Les Gutches
don't, don't share it.
[01:07:55.680] - Chris Nordyke
All right. You and I both saw a similar spectacle at one point.
[01:07:59.370] - Les Gutches
But yeah, I mean, you know, everybody's different. I mean, you know, main thing is if I see somebody doing something that's not safe, yeah, I'm not a big fan of unsolicited feedback. Yeah, giving it. Or receiving it, but if it's not unsafe, yeah, to each their own.
[01:08:13.380] - Chris Nordyke
Do you— have you gone up to somebody where you felt like, oh, they're going to hurt themselves?
[01:08:17.030] - Les Gutches
Or— it just depends on the situation. I mean, I want to be constructive and— sure, you know, I, I mean, I, yeah, I mean, I want to be helpful, but, uh, you know, you can tell the folks who are going to be receptive or not.
[01:08:27.140] - Chris Nordyke
And yes, yeah, totally. Well, Les, this is— this has been fun. It's been a great conversation, man. I really enjoyed it.
[01:08:34.960] - Les Gutches
Thanks.
[01:08:35.350] - Chris Nordyke
And I appreciate you coming in. And I think our audience is going to have a lot of fun with this, especially the story about you, uh, up thousands of gallons of water with the Shop-Vacs augmented with shopping carts holding the power cords up above the water. You know, they're gonna get a kick out of that. So anyway, thanks again, man. Really appreciate being on the show.
[01:08:54.470] - Les Gutches
Thanks for having me.
[01:08:57.760] - Chris Nordyke
All right, everybody, hey, thanks for joining us for another episode of Head, Heart, and Boots. And if you're enjoying the show, but you love this episode, please hit follow, formerly known as subscribe, Write us a review or share this episode with a friend. Share it on LinkedIn, share it via text, whatever. It all helps. Thanks for listening.