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44 - How a College Dropout Built an $80M Business with Steven Montgomery
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Join me, Nik (https://x.com/CoFoundersNik), as I talk with Steven Montgomery (https://x.com/realsjmonty), founder of Resi Brands, which includes That 1 Painter, Garage Up, and Pinks Window Washing. We dive into his journey from college dropout to leading a company with over 450 franchise units and $80 million in revenue. We cover bootstrapping challenges, building strong franchisee support, getting investment from Cody Sanchez, and setting big business goals. If you're into leadership, company culture, or scalable business models in home services, this episode is packed with insights.
Questions this Episode Answers:
How do you transition from being self-employed to building a scalable business?
What are the benefits and challenges of bootstrapping a business?
How can you build a strong support system for franchisees to ensure their success?
When is the right time to expand your business, and how do you make that decision?
What role do partnerships and investments play in accelerating business growth?
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Love it or hate it, I'd love your feedback.
Please fill out this brief survey with your opinion or send me an email at Nik@cofounders.com with your thoughts.
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YouTube: https://tinyurl.com/nikonomicsYT
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This week we covered:
00:50 Welcome to Nickonomics
01:33 Meet Steven Montgomery
03:10 Understanding Resi Brands
04:28 From College Dropout to Entrepreneur
09:19 Scaling Up and Delegating
17:56 The Role of Mentorship and Team Loyalty
22:56 Expanding Beyond Painting
28:10 Branding Genius of Pinks
28:48 Acquiring Franchise Rights
30:21 Partnership with Cody Sanchez
36:29 Vision for Rezzy Brands
41:01 Building a Strong Company Culture
44:59 Rapid Fire Questions
51:15 Conclusion and Final Thoughts
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