Ben Meng - CEO of iGas USA | Building a Billion-Dollar Gas Empire

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➡️ About The Guest

From humble beginnings in Yangzhou, China, as a farmer's son, to becoming the CEO of iGas USA, Ben Meng's journey epitomizes the classic rags-to-riches tale. The transition from earning $50 per month in China to establishing a foothold in the US began in 1996. Initial years saw him juggling myriad jobs until a landscaping business set the foundation for his financial upliftment. 

The transformative moment arrived with a near-death accident, pushing Meng to aim higher. Foregoing a prestigious Yale MBA, he ventured into the air-conditioning business. His relentless endeavor catapulted iGas to secure 25% of the US refrigerant market by 2020, standing second only to Honeywell, and marking Meng's ascent to a self-made billionaire.

➡️ Show Links

https://www.linkedin.com/in/ben-meng-4a564811/ 

➡️ Podcast Sponsors

HUBSPOT — https://hubspot.com/  

BUTCHERBOX - https://butcherbox.com/success (Code: success)

JUSTIN WINE - https://justinwine.com/ (Code: success)

MY FIRST MILLION PODCAST - https://www.youtube.com/@MyFirstMillionPod/ 

DELETEME — https://joindeleteme.com/success (Code: success) 

NETSUITE  — https://netsuite.com/scottclary/ 

FACTOR — https://factormeals.com/successpod50 (Code: successpod50)

HELLOFRESH — https://hellofresh.com/50successpod (Code: 50succespod)

MUNCH— https://www.getmunch.com/ (Code: success)

ZBIOTICS — https://zbiotics.com/success (Code: success)

➡️ Talking Points

00:00 - Intro

03:05 - Early Days 

06:19 - Family-Inspired Core Values 

07:46 - Character Development: Grit and Work Ethic 

09:35 - American Adventure: Struggles and Achievements 

12:05 - Turning Knowledge into Opportunity: The Initial Spark 

15:43 - A Pivotal Experience: Encounter with Fate 

18:15 - Transformation through Adversity: A Near-Death Experience 

21:10 - Fork in the Road: Academic Haven vs. Entrepreneurial Venture 

24:50 - iGas Venture: A Bold Industrial Transition 

28:19 - Scaling Hurdles at iGas 

30:20 - Sponsor: My First Million Podcast 

30:53 - Overcoming Scaling Challenges: Key Takeaways 

32:13 - Rapid Growth: Missteps and Lessons 

34:45 - Adapting to the Evolving Energy Sector 

37:43 - Talent Acquisition: Ben's Approaches 

40:51 - Avoiding Compensation Missteps 

42:28 - Vision for Global Reach 

46:30 - Crossing Paths with Warren Buffett: Memorable Moments 

52:54 - Wealth Accumulation and Philanthropy: A Balanced Outlook 

55:17 - Journey to Ukraine: Unforgettable Life Lessons for Offspring 

57:37 - Mission for Change: Ben's Endeavor 

58:24 - Ben's Parting Wisdom 

59:33 - Engage with Ben Online 

1:00:18 - Reflecting Back: Advice to Younger Self 

1:00:54 - Redefining Success: A Contemporary View