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

00:00 - Introduction
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

➡️ Success Story Podcast - Stories Worth Telling

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Welcome to the Success Story Podcast, hosted by entrepreneur, business executive, author, educator & speaker, Scott D. Clary.

On this podcast, you'll find interviews, Q&A, keynote presentations & conversations on sales, marketing, business, startups, and entrepreneurship.

Scott will discuss some of the lessons he's learned over his own career, as well as have candid interviews with execs, celebrities, notable figures, and politicians. All who have achieved success through both wins and losses, to learn more about their life, their ideas, and insights.

He sits down with leaders and mentors and unpacks their stories to help pass those lessons on to others through both experiences and tactical strategies for business professionals, entrepreneurs, and everyone in between.

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