ABOUT TODAY’S GUEST | LOYD REAGAN
Loyd Reagan is the Region Manager for Cutco/Vector’s Southwest Region, the #1 Region in the company for the last 9 consecutive years. Throughout his life and career, Loyd has encountered some incredibly difficult challenges, and he has always risen up to conquer them and win. He’s a winner in business, one of the greatest champions the Cutco world has ever seen. He’s also a winner in life, with a beautiful family — including his wife Tammy and 5 children — and an amazing lifestyle. Put simply, Loyd Reagan is one of the most respected individuals anywhere, and his story can inspire anyone to triumph over any challenge as they build a great career.
Q&A WITH LOYD REAGAN
Q: How did you get started working with Cutco?
- My father was a very successful business owner that lost everything overnight at the time I was getting ready to go to college.
- Loyd’s aunt sat through a Cutco presentation and suggested Loyd get a job with Cutco to pay for school and his car payment.
Q: When did you decide this was something you wanted to stick with long term?
- My experience with Vector/ Cutco opened up a lot of doors for me once I was done with college but I was making more money, having more fun, and learning more from my time with Cutco than I was being offered.
- My dad told me that Cutco/ Vector’s program was so good that I should stick with it, if nothing else, to learn everything I can so I can duplicate it for my own business down the road.
- My dad told me, “if you ever take an hourly job, you will work for a paycheck for the rest of your life. If you build your own business, you’ll never go to work for the rest of your life.”
- Eventually it became more about making a difference than climbing to the top and I got around new role models who were making the difference I wanted to make in others.
Q: Who were some of your initial role models?
- My first District Manager, Mark Karuza, was one of my first role models who made the biggest difference.
Q: In the early part of your career you became a single dad. Can you share that part of your story?
- In my first year as a District Manager while I was still trying to learn the business and I had just had my first taste of success when I found out I was going to be a dad and that I was going to have to learn how to thrive as a single parent and business owner.
- We also found out that there were some complications with the pregnancy and the doctors were telling us that there was a very high chance our baby might not survive the birthing process and if she did, she wouldn’t have a very good quality of life.
- Fortunately my daughter, Addison, was born and miraculously survived the birth and the necessary surgery to repair the problem.
- I was running an office while being a single dad to a baby who needed a lot of care and I just had to figure it out.
- Although I received a lot of criticism from my family and friends, I received nothing but love and support from my Cutco/ Vector family.
- I learned to manage my time and solve problems and my staff really stepped up.
Q: You touched on the importance of time management as a single dad running a business. What did you find?
- You have to figure out what matters most.
- You have to learn to build and develop other people.
- My dad always told me that if you’re the only one running a business than you don’t have a very big business.
Q: What are some of the elements of culture that you’re trying to build in the Southwest Region?
- We have high expectations of ourselves and of our people.
- We can accomplish so much more than we think we can.
- There’s a badge of honor for taking responsibility, working hard, giving your best, not giving up when it gets tough, and not giving up on your people.
- “If you can do better, you should.” -Jim Rohn
Q: As you look ahead over the next 5 to 10 years, what’s exciting to you?
- I love what we do that I can’t imagine doing anything else.
Cutco/ Vector Terms:
- Branch Manager: a Cutco/ Vector manager who runs an office for the summer months. Usually this role is for students.
- District Manager: a Cutco/ Vector manager who runs an office full time, year-round.
Show Notes provided by Carlo Cipollina.
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