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The Rise Above Podcast EP 4: Chance Ott

The Rise Above Podcast EP 4: Chance Ott

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 Owner/Operator of Algonquin Pines Campground Chance Ott joins Bram Bains on this episode of The Rise Above Podcast. Chance talks about leaving a Corporate Job to start his own business and shares some business insights on how to accumulate wealth.  Follow us on Instagram @TheRiseAbovePodcast for bonus content - Be sure to pay it forward and share it with a friend! ************************************************************ Interview Transcript [00:35] Bram: Welcome everybody to the rise above podcast. Today we've got a very special episode. I'm being joined here by Chance Ott. Chance is a father. He's a former insurance broker turned entrepreneur. Chance is the owner and operator of Algonquin Pines Campground. How are you doing today Chance?  [00:56] Chance: I'm doing well Bram, thanks for having me on.  [00:59] Bram: You're very welcome. I'm happy that you're here. We're going to talk about your story, your campground, your business, and all kinds of fun stuff. Before we get into it. I bought some icebreakers here for you. Some quick questions. Floor is all yours. Okay? [01:14] Chance: Okay. Let's get into it.  [01:15] Bram: Let's get into it. What is your favorite movie?  [01:20] Chance: I'd say my favorite movie is Goodfellas, Goodfellas or Casino. Classics.  [01:22] Bram: What is your favorite book? [01:24] Chance: I've been reading the millionaire next door, really enjoying it. I think it's good advice about staying humble and creating wealth.  [01:33] Bram: Who is your favorite actor? [01:37] Chance: I don't get caught up in celebrities to be honest. I probably don't have a favorite actor. I like all the raunchy comedies. But I guess if I had to pick a favorite actor, I'd say Leo. [01:49] Bram: What is your favorite place to travel?  [01:51] Chance: Malta. My wife and I booked a trip to Malta. We were going to Italy. We wanted to do a multi coast. But we figured we'd add another trip. Like make it like a 10, 14-day kind of trip. There was a cheap flight to Malta. I didn't know much about it. It's awesome. Anybody who hasn't been there, you should go. It's cheap. Everybody speaks English. The food is a great mix of African and Mediterranean and Italian. It's a really cool spot and you don't need to be there long. You can see everything in a short period of time. [02:23] Bram: Who has been a mentor figure for you? [02:28] Chance: My father. Pretty cliche answer, but my father was a career entrepreneur. He started and sold businesses. Built up businesses, kind of brought them back from the grave. Growing up with parents who are running their own business, it was always my goal to be an entrepreneur. I'll say my mother didn't get enough credit for it. She did all the books and the administrative stuff on the back end and really was the brains and the glue. Probably didn't get the credit that she deserved. Everybody looks at it and give credit to my father. So, my parents. [03:05] Bram: What has been your favorite item that you've purchased during this pandemic? [03:10] Chance: Patagonia rain gear? I would like to spend a lot of time outside. We were on a campground. I like to go fishing, hiking anything in the woods. I didn't have solid rain gear. Patagonia, rain gear. I treated myself.  [03:23] Bram: What is something that you've tried and you would never try again.  [03:28] Chance: I'm pretty open to trying new foods. I guess some of the crazier seafoods I'm not into. Like anything I need to pick out of a shell with a weird device, I'd say it would be something like that. [03:42] Bram: If you were to sail around the world, what would be the name of your boat? [03:49] Chance: I wouldn't name it. I wouldn't be sailing, so I wouldn't have a boat. [03:55] Bram: If you're in the Olympics, winter or summer, what is it that you're going to be winning gold for?  [04:03] Chance: I'm not winning gold for anything. I'll say it's going to be summer and it's going to be speed walking.  [04:09] Bram: Okay. If you could hang out with any cartoon character, who would it be and why? [04:16] Chance: I think I would grab a beer with Peter Griffin or maybe Rick and Morty.  [04:25] Bram: All right. Chance let's get into the story a little bit. I mean, you mentioned that your parents were entrepreneurs growing up, that your father was in the business of building businesses, bringing them back from the grave and so forth. What kind of businesses was he working with?  [04:44] Chance: My father was a tradesman initially. I remember when I was a young child, maybe five, something like that he sat down with my sister and myself, and kind of told us that he was thinking about buying us a snowmobile and ATV dealership and asked us what we thought, which was interesting. My parents used to do that with us, kind of include the kids in adult conversations, which I think is a good practice. So the first business that he started, I guess he did some sawmills stuff just on the side before ...

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