EP 409: $250 Million 2015 Revenue with 1800GotJunk Founder Brian Scudamore

Published: Sept. 6, 2016, 9 a.m.

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Brian Scudamore, who launched 1-800-GOT-JUNK. Brian\\u2019s unique perspective on his business drives him to take opportunities for growth, but he never wants to sell his company. He believes he must foster his vision to help others grow and evolve.
Famous Five:

Favorite Book? \\u2013 The E-Myth
What CEO do you follow? \\u2014 Robert Herjavec
Favorite online tool? \\u2014 All his iPhone apps
Do you get 8 hours of sleep? \\u2014 No.
If you could let your 20 year old self know one thing, what would it be? \\u2013 All the failures needed to happen so that he could learn. Never compromise on the people you bring into your organization. Take hiring seriously.

Time Stamped Show Notes:
01:40 \\u2013 Nathan introduces Brian
02:00 \\u2013 How did you get into 1-800-GOT-JUNK?
02:20 \\u2013 He needed to make money for college, and that was the beginning of his business
03:10 \\u2013 First year revenue was super low
03:30 \\u2013 He dropped out of university four years later and made $100k
04:00 \\u2013 1997 was his first million-dollar year
04:15 \\u2013 He makes money by hauling away junk
04:30 \\u2013 2015 revenue was 215 million
05:05 \\u2013 250 franchise partners
05:50 \\u2013 Charges to franchisers are population based
06:40 \\u2013 Helping franchise owners to be successful by keeping fees low
07:10 \\u2013 The average owner varies from $200000 to $1 million
08:10 \\u2013 Why go into the franchise model?
08:20 \\u2013 Building together instead of going it alone
08:40 \\u2013 Collaboration between entrepreneurs
08:55 \\u2013 A crowdsource model
09:30 \\u2013 It is a private company, focused on growth
09:45 \\u2013 He did not raise capital.
10:15 \\u2013 He generates personal wealth by collecting dividends
10:45 \\u2013 He doesn\\u2019t care so much about pulling money out for himself
11:05 \\u2013 Wealth is watching people grow and evolve
11:20 \\u2013 He has no board of advisors
11:30 \\u2013 He likes one-on-one advice from mentors
11:45 \\u2013 He is going to have a month-long stay-cation with his family
12:15 \\u2013 A legacy plan is in place, but there is no formal board
13:00 \\u2013 They get emails on a daily basis from people who want to pay him for the company
13:30 \\u2013 His business is like his child\\u2014he wants to watch it grow
13:55 \\u2013 He is open to partnerships, but he does not want to sell and risk losing his vision
15:00 \\u2013 Go to o2ebrands.com
16:35 \\u2013 The Famous Five

3 Key Points:
Help your employees be successful
Collaborate with a team instead of going it alone.
Take hiring very seriously.

Resources Mentioned:
Host Gator \\u2013 The site Nathan uses to buy his domain names and hosting for cheapest price possible.
Freshbooks - The site Nathan uses to manage his invoices and accounts.
Leadpages \\u2013 The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
Audible \\u2013 Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
Toptal \\u2013 Great for business people to start building their app
The E-Myth \\u2013 Brian\\u2019s favorite business book.
Show Notes provided by Mallard Creatives

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