In May of 2018, IdeaMensch interviewed Madison Magnet Vice President Tim Bickmore for their online Magazine! Read the full article here: https://bit.ly/2soTU1h
When starting a business, you are the boss, janitor, and everything in between. You must recognize not every task is going to be what you want to do. You need to tie up your boots and get it done. Having this mentality can reduce negativity and help keep moving the company forward.
Tim was born and raised in Salt Lake City, UT. His mother was a nurse, and his father a firefighter. On the side, his father owned and operated a tile business, leading Tim to start cleaning buckets at the age of eight. The opportunity to play collegiate football brought Tim to Wisconsin. He studied Economics at Lawrence University and played every football game in multiple positions over his four-year tenure and was a team captain his Junior and Senior seasons. After earning a B.A. in Economics, Tim entered the banking industry for a short time before taking a position at a large independent wealth management firm in Northern Wisconsin. Tim started there in an administrative role and climbed his way into operations and financial planning. Tim moved to Madison after being recruited by a medium sized firm to create and head up a financial planning effort. He currently holds a series 65 and in 2016, Tim became a Certified Financial Planner (CFP). In addition, he is currently enrolled in the Certified Private Wealth Advisor Program (CPWA) at Yale University. Tim resides in Madison with his fiancée Kaitlin and their Mini Goldendoodle Miller.
What advice would you give your younger self?
I would love to go back and tell myself that starting from the age you can speak you are beginning to build your network. You never know where help is going to come from, and you would be surprised on the amount of help offered when asked. However, this help typically comes from relationships you have been building for years. So, I would tell myself to be cognizant of relationships you begin to build at a young age. I’m working hard on this now as the Vice President of a networking organization, Madison Magnet, but I just think of all of the years I could have compounded contacts.
What is one business idea that you’re willing to give away to our readers?
One idea we have bounced around is a peer-to-peer inventory financing platform for artisan cheese makers. Artisan cheese makers have an issue when they age cheese, the cheese sits on the shelf locking up their capital. We feel there could be away to create a platform, like Kickstarter, where one could have individuals provide inventory financing for these smaller artisan shops. Now, there is plenty of logistics that would have to go into this, but if you could make it work, there is a possibility to expand your base to other artisans as they face similar problems. It is an interesting one, we just didn’t have the time to vet it appropriately.
What is the best $100 you recently spent? What and why?
Most recently I purchased an individual sponsorship ticket to the Madison Magnet Charity Fete. Magnet is a Young Professional organization that I’m currently serving as the Vice President. We noticed that many of the opportunities to give back in the Madison community came with a rally high barrier to entry for YPs. As a result we created a feeder event introducing Madison YPs to the idea of giving back through our Charity Fete. This year we’re donating funds to The Road Home which is an amazing organization helping homeless families in Madison get back on their feet.