Nikonomics - The Economics of Small Business
My mom always told me "There's no such thing as a dumb question... Only dumb people!"
What she meant was that those who DON'T ask questions are the dumb ones! At least, that's what makes me feel better about asking so many questions :)
I've bought, run & sold dozens of companies in the SMB space, with multiple 7-figure exits. Over the past 5 years my companies have generated over $100M of revenue and Millions of dollars of shareholder value.
Now I let my curiosity drive as I interview Entrepreneurs and ask them to walk me through how their businesses work.
Nikonomics is a place for curious Entrepreneurs and Wantraprenuers hungry to learn. So come join our big group of DUMB people, ask some questions and maybe we will learn a thing or two together.
Follow me on Twitter here: https://twitter.com/CoFoundersNik or @CoFoundersNik
Nikonomics - The Economics of Small Business
44 - How a College Dropout Built an $80M Business with Steven Montgomery
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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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
