BYOB: Build Your Own Business, Be Your Own Boss with Brian Scudamore
Jun 7, 2022
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Brian Scudamore, a pioneer in the professional junk removal industry with 1-800-GOT-JUNK?, shares his entrepreneurial journey. He emphasizes the importance of confronting fears and leveraging support from mentors. Scudamore illustrates that you don’t have to come up with original ideas; being a champion of existing concepts is key. He also discusses the appeal of franchising as a quicker path to success, encouraging those interested in business to explore various entrepreneurial routes.
Embracing failure fosters resilience and insights, essential for entrepreneurial success and leveraging past experiences for growth.
Entrepreneurs can either build a business from scratch or join a franchise, evaluating which path aligns with their goals and personality.
Deep dives
Embracing Failure as a Stepping Stone
Success often stems from the ability to embrace and learn from failure. Brian Scudamore emphasizes that making mistakes is an essential part of the entrepreneurial journey, as it equips individuals with resilience and insights that contribute to their success. Reflecting on Steve Jobs' philosophy, Scudamore notes that while one may not see the connections moving forward, looking back reveals how experiences shape growth and innovation. Thus, he encourages entrepreneurs to accept failure, extract lessons from it, and leverage those lessons to enhance their future endeavors.
The Start of an Entrepreneurial Journey
Brian Scudamore’s entrepreneurial spark ignited during his childhood, influenced by his grandparents' army surplus store. He found joy in observing their customer-centric business practices and sought similar experiences throughout his youth, whether through running neighborhood car washes or selling hockey cards. This passion eventually led him to launch the Rubbish Boys, which later evolved into the well-known 1-800-GOT-JUNK? business. For Scudamore, these early ventures paved the way for significant success, ultimately resulting in a $600 million business and the expansion into other brands like Wow One Day Painting and Shack Shine.
Paths to Becoming Your Own Boss
Individuals interested in entrepreneurship have two primary paths to consider: starting a business from scratch or joining an existing franchise. Starting from zero allows aspiring entrepreneurs to create a unique vision but often involves considerable risk and time investment, as exemplified by Scudamore's own journey which took ten years to reach a million in revenue. Alternatively, joining a franchise like Shack Shine offers a proven system and support network that can grant quicker success without having to navigate all the uncertainties of launching an independent business. Scudamore’s second book, 'BYOB: Build Your Own Business, Be Your Own Boss,' outlines these paths and encourages readers to evaluate which option suits their personality and ambitions best.
Overcoming Fear to Succeed
Fear is a common barrier that potential entrepreneurs face, often stemming from self-doubt and perceived risks. Scudamore argues that commitment can lead to passion, suggesting that those interested in starting their own business should confront their fears directly. He shares stories of individuals, including professional athletes like Shaquille O'Neal, who transitioned successfully into entrepreneurship by identifying their strengths and leveraging proven systems rather than relying solely on innovative ideas. This approach illustrates that with the right mindset and support, anyone can achieve entrepreneurial success regardless of their starting point.
Entrepreneur and author Brian Scudamore pioneered the industry of professional junk removal with 1-800-GOT-JUNK?, turning a chore into an exceptional customer service experience. Then scaled that success into two more brands, WOW 1 DAY PAINTING and Shack Shine.
Top 3 Value Bombs:
1. Tell yourself the fears and worries you have and write it down, then talk to others how to overcome those fears and worries. When you get some more data with people you trust and admire that have been successful in your mind, get some confidence to take a leap.
2. You don’t need to be the idea guy. You don’t need something original. You just need to be part of a winning team and be the leader and champion of that idea.
3. Determine what’s best for you. Building something from scratch is pretty exciting. But a lot of people just want to win, and the shortcut for that is franchising.
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