DALLAS TX: In this episode of the Henry Harrison Dallas Podcast, Henry talks with James Benham, CEO and founder of JB Knowledge, a multinational technology and consulting company. James shares his entrepreneurial journey, insights on bootstrapping, and his experiences in the insurance technology sector.


Key Discussion Points:


Introduction to James Benham:


CEO and founder of JB Knowledge.


Background in entrepreneurship, inspired by his father's example.


Bootstrapped JB Knowledge with minimal initial capital.


JB Knowledge Journey:


Founded in a dorm room at Texas A&M University.


Initial funding from a small loan and investment from his father.


Focused on building enterprise-grade software for small to medium enterprises.


Pivoted to insurance and construction bidding software, leading to the creation of SmartBid and later, Terra.


Bootstrapping Philosophy:


Emphasis on self-funding and maintaining control without outside investors.


James shares ten bootstrapping principles from his book "Be Your Own VC."


Highlights include managing cash flow, avoiding debt, building a cash-generating machine, and maintaining core values.


Personal Insights and Leadership:


The importance of a supportive and cohesive leadership team.


Staying close to clients and continuously selling.


Balancing internal operations with external client engagement.


Focus on innovation and maintaining a strong organizational culture.


Insurance Technology Focus:


JB Knowledge's specialization in the insurance sector.


Development of Terra, a claims and policy compliance platform.


Challenges and opportunities in the insurance technology space.


Community Engagement and Public Service:


James' involvement in public service, including his role as a regent of the Texas Southern University governing board.


Commitment to giving back to the community and supporting educational initiatives.


Future Plans:


Continued growth and innovation within JB Knowledge.


James' perspective on retirement and lifelong commitment to building and working.


Vision for the company's future and new product development.


Notable Quotes:


"Cash is king... you have to manage cash flow all the time."


"You build what you have to, so you can build what you want to."


"You must have a little bit of paranoia to ensure your business can survive downturns."


James Benham’s story is a testament to the power of bootstrapping, resilience, and innovation in entrepreneurship. His insights provide valuable lessons for aspiring entrepreneurs and business leaders, emphasizing the importance of financial discipline, strategic focus, and a strong leadership team.


Listen to the full episode for a deeper dive into James Benham’s journey and his bootstrapping principles. Check out James Benham’s book "Be Your Own VC" for more detailed guidance on building a business without outside investment. Contact Information:


Follow James Benham on social media and visit the JB Knowledge website for more information on their services and products.


https://jbknowledge.com/


https://jamesbenham.com/


https://insurtechgeek.com/


  / jbenham  


Subscribe to the Henry Harrison Dallas Podcast:


https://henryharrison.com/