We're joined by Dale Turken, the president of ScrapGo, who takes us through their path to innovative entrepreneurship. We'll delve into the trillion-dollar global scrap industry, examining how technology is overcoming obstacles such as price competition and labor shortages.

Learn how technology is forging connections, fostering entrepreneurship, and unlocking AI's possibilities. Tune in as we harmonize tradition and innovation, enhancing the efficiency and global connectivity of the scrap trading field.

Guest: Dale Turken, ScrapGo

Host: Jeff Dangelo, Chief Revenue Officer of Fura
fura.com

00:00 Introduction Dale Turken and his company ScrapGo, which aims to revolutionize the scrap trading industry through technology

09:11 The speaker shares their journey from selling carpets to the scrap business and emphasizes the need for innovation and collaboration to solve customer problems

13:06 The global scrap industry has the potential to be a trillion-dollar industry, with the United States having a surplus of scrap

17:54 The scrap industry faces challenges, but technology is being used to improve efficiency, save time, and connect sellers with buyers outside of their local market.

25:12 ScrapGo is using technology to expand the scrap market, making trading more efficient and creating opportunities beyond local markets

31:19 Many successful businesses are run by people who didn't go to college

35:59 AI technology can improve efficiency and standardize pricing in industries like scrap, but trust and reliability are still concerns

Stephen also discusses his decision to sell the company, how he found potential buyers, and why he ultimately chose Fura. He shares insights into the most important things to consider when selling a freight brokerage business, how to determine the value of the business, and the biggest challenges he faced during the sale.

Stephen also provides advice to other business owners on mistakes to avoid during the selling process and tips on negotiating the terms of the sale.

Finally, he talks about his experience with Fura before and after the deal, how his life has changed after selling the business, and what he is currently doing.

Guest: Stephen Ruggiero, AOK Freight

Host: Jeff Dangelo, Chief Revenue Officer of Fura

fura.com