Lessons From a Tech Titan: “We provide unlimited vacation time” With Kyle Asman, Co-Founder of Bx3 Consulting
Empower your employees. Continually give them more tasks as they continue to improve, and always provide them with the resources they need to be successful. Since our clients are located globally, we allow all of our employees to work from wherever they would like in the world. We also provide unlimited vacation time, which promotes responsibility and trustworthiness with our employees. People are much more productive when they are free to manage themselves.
I had the pleasure of interviewing Kyle Asman, the Co-Founder of Bx3 Consulting, a business advisory firm for the blockchain and cryptocurrency space. Kyle also serves as a VIP Advisor for cryptocurrency TokenMatch, a program designed to introduce promising new Initial Coin Offering (ICO) projects to investors, and as an advisor for Daox, a protocol and ecosystem for ICOs 2.0. A serial entrepreneur, Kyle successfully started and sold a resume business, KyleTheIntern, while in college.
Thank you so much for doing this with us! What is your “backstory”?
I co-founded Bx3 Consulting earlier this year when I realized that there was no quality business consulting provider for blockchain and crypto startups at an affordable price. The current marketplace is filled with inexperienced providers or major corporations who charge astronomical fees. I got into blockchain because I saw the power and potential of this transformative technology to redefine economies by providing exceptional economic oppurtunities to developing nations.
Can you share the funniest or most interesting story that happened to you since you began leading your company?
The funniest is definitely when people who have no idea what I do ask me if I work with “that Bitcoin thing.” It always fascinates me when people associate blockchain technology only with Bitcoin.
What do you think makes your company stand out during these disruptive times? Can you share a story?
I have had a number of our clients tell us that they feel like they are Bx3’s only client because of the quality of service we provide. The world has gotten very digital and informal, and I think people have forgotten the importance of client service. Our entire team responds to clients 24/7 which underscores our reputation as accessible, responsive, and reliable. I think one reason for this is because we are genuinely, passionately, invested in every project. We are inspired by their vision to leverage blockchain to improve the world — from delivering alternative energy projects in developing countries, to creating a more fair platform for creating film and TV projects — our clients’ problems are our problems, and their wins are our successes.
What advice would you give to other CEOs or founders to help their employees to thrive?
Empower your employees. Continually give them more tasks as they continue to improve, and always provide them with the resources they need to be successful. Since our clients are located globally, Bx3 allows all of its employees to work from wherever they would like in the world. We also provide unlimited vacation time, which promotes responsibility and trustworthiness with our employees. People are much more productive when they are free to manage themselves.
None of us are able to achieve success without some help along the way. Is there a particular person who you are grateful towards who helped get you to where you are? Can you share a story or example?
I am grateful for the help my mother has provided me throughout the years. She has always been my biggest fan and pushed me to work hard to be successful no matter what I am doing. My mother has been a teacher for the past 35 years and has continually provided me with everything I wanted and needed throughout the course of my life. My parents were able to give me a fantastic childhood, and opportunities be successful.
Can you share what you believe will be the “Top 5 Fintech and Banking Trends Over The Next 3 Years” (Please share a story or example for each.)
The top banking trend we are going to see over the next five years is a decentralization of holdings. Following the late 2000’s financial crisis, we saw a huge consolidation of financial assets with all of the bank mergers. Now I think we will see growth and demand for smaller banks. There are going to be more smaller businesses taking market share from larger ones than has happened in the past.
- Blockchain in everything: People are going to try and put every imaginable asset on the blockchain — Cars, Phones, Houses
- Automated portfolios: expansion of robo-advisors, how will robo-advisors find capital to manage
- A race to the bottom in fees: Everyone is trying to push credit card and transaction fees lower. Margins are going to contract, which will inevitably lead to job losses. The question is how low they can go before portfolio managers reach their fee breaking point.
- The financial leaders in banking will no longer be the typical deal-making bankers, but quants and people with strong backgrounds in tech.
Can you please give us your favorite “Life Lesson Quote”?
“Believe you can and you are halfway there.”- Teddy Roosevelt
You are a person of great influence. If you could inspire a movement that would bring the most amount of good to the most amount of people, what would that be? You never know what your idea can trigger. :-)
I would inspire everyone to invest their time and/or money in something they are passionate about. Find something you truly believe in — then give it everything you can.