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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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