

21st Century Entrepreneurship
Martin Piskoric
The 21st Century Entrepreneurship Podcast is a 4 x Gold-Award weekly show that features interviews with cutting-edge leaders and successful entrepreneurs. We talk about the fundamentals of starting and growing a business, achieving and maintaining success, as well as the difficulties of entrepreneurship and its future. Subscribe to the 21st Century Entrepreneurship Podcast and never miss an episode, so you can stay on top of the curve and gain the knowledge you need to succeed in today's competitive landscape.
Episodes
Mentioned books

Oct 15, 2024 • 25min
Steven Montgomery: Can Blue-Collar Work Fuel Your Wealth?
Steven Montgomery is the Founder and CEO of ResiBrands, and we spoke about how he went from being a college dropout to leading one of the fastest-growing home service franchises in the nation. Together with Codie Sanchez, Steven is on a mission to build the greatest trades franchises in the U.S., all while bringing dignity back to blue-collar work.Throughout the conversation, Steven emphasized the shift in perspective around home service trades. As millennials reconsider the appeal of desk jobs, opportunities in blue-collar businesses, such as franchising, are gaining traction. He explains, “Being stuck behind the screen isn't as fulfilling as they thought it would be...there are amazing franchise opportunities like ours, and people are really starting to pay attention.”Steven shares how franchising offers a pathway to wealth and freedom for individuals, regardless of their experience in trades. “You don't have to know anything about paint...when you get into a franchise system, you get taught how to hire people who already know the work, and you're building a scalable business,” Steven explains, highlighting the potential for growth and steady cash flow in this field.One of the most significant insights Steven offers is the importance of thoughtfulness in home services. By going above and beyond for clients, businesses can create lasting impressions and drive powerful referral marketing. As Steven notes, “The secret to referral marketing is to give them a story to tell.” He shares how simple gestures, like offering extra services during a job, can turn satisfied customers into enthusiastic promoters.Inspired by the book The E Myth, Steven found that franchising not only allowed him to scale his business but also empowered others to become business owners. "Instead of building something just for yourself, you can empower other people to build legacy and wealth for themselves using your system," he says, pointing to the collaborative nature of franchising.Lastly, Steven emphasizes the critical role mindset plays in long-term success. He advises being mindful of the words we speak, as they can shape our reality: "If you start saying, 'Hey, this business is going to fail,' guess what? It's going to fail...but if you say, 'I'm going to get past it,' you will." His focus on grit and positive thinking offers valuable lessons for entrepreneurs facing challenging times.Takeaways:Franchising in blue-collar industries is a growing opportunity for those seeking financial independence and steady cash flow.Providing thoughtful, unexpected services can dramatically increase client satisfaction and drive referrals.Your mindset and the way you speak about your goals play a critical role in your long-term success.This episode offers practical insights for aspiring entrepreneurs looking to build something meaningful in an often overlooked industry.

Oct 11, 2024 • 26min
Mike Malloy: Is a Fractional Executive What You Need to Scale?
Mike Malloy is a seasoned entrepreneur, former Deloitte consultant, and the CEO of Malloy Industries, a company that helps business leaders regain control of their time and scale their businesses through fractional executive services. In this episode, we spoke about how entrepreneurs can effectively delegate tasks, break free from the day-to-day grind, and focus on the bigger picture. Mike candidly shares how a personal tragedy shifted his perspective, teaching him the importance of building systems that don’t rely solely on one person’s energy.Mike introduces the concept of fractional executives, part-time experts who bring decades of experience to growth-stage companies without the overhead of full-time salaries. "The future of work is fractional," Mike explains, emphasizing the flexibility and expertise that these professionals offer. Whether it's scaling a B2B sales operation from $1 million to $10 million or navigating a sudden crisis, fractional executives are the agile, cost-effective solution many companies need.One key insight from this conversation is the idea of solving business problems with "who, not how." Instead of asking, "How do I solve this?" entrepreneurs should be asking, "Who can solve this for me?" Mike walks us through how Malloy Industries quickly connects businesses with vetted fractional leaders who can step in and immediately provide results. "You've got a hair-on-fire problem," Mike says, "it's not going to wait six months." Fractional executives are the answer to those urgent, high-stakes challenges.Here are a few takeaways from our conversation with Mike:Delegate with confidence: Fractional executives can take ownership of entire business functions while you focus on growth.Buy back your time: You don’t need to be in the weeds every day. Let experts handle the areas that aren’t in your zone of genius.Tailored to your needs: With the Malloy Match process, you'll find a fractional executive who not only solves problems but fits seamlessly into your company's culture.Mike's deep commitment to helping entrepreneurs balance business growth with personal fulfillment shines through as he shares, "I've built this whole business around my love of education, supporting entrepreneurs, and helping them build impact into the DNA of their companies."Learn more about how fractional executives can help you scale, delegate, and reclaim your freedom in this insightful conversation with Mike Malloy.

Oct 9, 2024 • 18min
Michael Breus: How Does Better Sleep Lead to True Wellness?
Dr. Michael Breus is a clinical psychologist and renowned sleep specialist, best known as 'The Sleep Doctor.' We spoke about the overwhelming complexity of wellness today and explored how to simplify it by focusing on three core pillars: breathing, hydration, and sleep.Michael shares his insights on how the wellness industry often confuses people with countless new trends, stating, "I've got to be honest with you, it's confusing as hell. I don't know if I'm supposed to have a green drink, a sauna, or hydrate." Instead of chasing after every new fad, Michael emphasizes the importance of getting back to basics, starting with something as fundamental as proper breathing, "Many people are shallow breathers... I can teach you how to do that without necessarily having medications." He also explains how hydration and consistent sleep form the foundation of well-being.One of the most intriguing takeaways is Michael’s concept of ‘chronotypes,’ the genetic patterns that dictate whether you’re an early bird, night owl, or something in between. As Michael puts it, “It’s the ultimate cheat code for life... Once you know your chronotype, everything gets better and easier.” He further reveals how aligning your sleep schedule with your chronotype can lead to better performance and even allow you to sleep less while maintaining high energy.Another key insight is his 'napa latte' technique, which boosts productivity with a perfectly timed combination of coffee and a 20-minute nap. It's not just about wellness for Michael; he also draws parallels between sleep and entrepreneurship, likening consistent sleep habits to “compounding interest,” providing long-term benefits even in high-pressure situations.Key Takeaways:Master the basics: Breathing, hydration, and sleep form the essential foundation of wellness.Chronotypes matter: Understanding your genetic sleep pattern can help you optimize your day.Practical tools: Techniques like breath work and the 'napa latte' offer quick ways to improve focus and energy without complex routines.Sleep as an investment: Consistency in sleep builds long-term resilience, much like compounding interest in financial terms.Michael’s practical and engaging approach offers listeners valuable takeaways to simplify their wellness routines without spending money on gimmicks. He distills the chaos of wellness into actionable steps, proving that sometimes, less is more.

Oct 8, 2024 • 28min
Larry Mietus: Is Your Ego Sabotaging Your Business Success?
Larry Mietus is an experienced independent business consultant, speaker, author, and educator with nearly 20 years of consulting expertise. We spoke about the profound impact of ego on business leadership and success, the power of self-awareness, and how excuses often prevent entrepreneurs from reaching their full potential.One of the key themes Larry highlighted is the role ego plays in holding businesses back: “I always tell people there is a line in the sand, and I want people to get up to about a 16th of an inch away from the line… but never cross over that line to the arrogant side.” According to Larry, leaders often create their own obstacles by allowing arrogance to take root, limiting their capacity to learn, trust their team, and scale their businesses.We also explored the importance of understanding financial acumen and distinguishing real opportunities from distractions. Larry shared that many entrepreneurs struggle with their finances, admitting that, “A lot of them look at me and go, ‘I don’t know.’” This lack of financial literacy can lead to poor decision-making and missed opportunities.Takeaways from this episode include:Ego vs. Confidence: Confidence is crucial, but crossing into arrogance can isolate leaders and hinder growth.Excuses Sabotage Success: Entrepreneurs often rely on excuses, like “we tried that once,” instead of taking responsibility and finding solutions.Financial Literacy is Key: Understanding how your business makes money is fundamental to long-term success, and many entrepreneurs overlook this critical aspect.Real Opportunities vs. Distractions: Not every exciting idea is worth pursuing—Larry emphasizes the importance of evaluating ideas strategically.Larry’s candid advice offers actionable insights for entrepreneurs looking to overcome internal barriers and lead their businesses with purpose and clarity.

Oct 7, 2024 • 17min
Yoav Zimet: How To Build a 30M User Music Platform Against the Odds?
Yoav Zimet, founder of Rythm, transformed a side project into a platform that reshaped how millions experience music together. What started in 2016 as a way for Yoav and his friends to share music while gaming evolved into a global phenomenon, reaching 30 million monthly users. “I built this app on Discord that would join our call, play music for all of us to listen together,” Yoav shares, highlighting the simplicity that drove the platform's growth.Rythm quickly gained traction, but in 2021, a notice from YouTube forced its shutdown, leaving its community without a solution. “An entire community of users was left without a good way to listen to music with their friends,” Yoav recalls. Determined not to let this be the end, Yoav and his team spent two years acquiring music licenses and rebuilding the platform. Now, in 2024, Rythm is back—stronger than ever, compensating artists for every stream and providing an enhanced user experience.In our conversation, Yoav emphasized the critical role the community played in Rythm's development. User feedback shaped the platform’s features, fostering loyalty and engagement. “I had millions of people helping me build it,” he explains. This collaborative approach created a sense of ownership and connection among users, a key factor in the platform’s enduring success.Yoav also shared the challenges of navigating the complex world of music licensing and the resilience required to overcome setbacks. “After a lengthy process, I secured deals with the top music companies,” he explains, underscoring the importance of persistence in turning Rythm into a legitimate business.Key takeaways:Community-driven innovation: Listening to user feedback helped Yoav shape Rythm into a platform that truly resonated with its audience.Overcoming setbacks: Despite facing major hurdles, including the shutdown of Rythm, Yoav’s determination and adaptability helped him rebuild and reimagine the platform.The future of digital connection: Rythm is leading the way in creating shared, authentic experiences in an increasingly digital world, making music a bridge for deeper connections.Tune in to hear Yoav’s inspiring journey and how he brought Rythm back, offering even more to its users and the music community.

Oct 3, 2024 • 25min
Val Narodetsky: Can You Scale with Global Talent?
Val Narodetsky is a serial entrepreneur who transformed a $7,000 loan into a seven-figure exit, and in this episode, we spoke about how his journey shaped the purpose-driven mission of Hire Odesa. Drawing from his own struggles with hiring top talent, Val launched Hire Odesa to help U.S. businesses connect with the highly skilled, but often overlooked, tech talent in Ukraine. His personal connection to Odesa and his desire to create impact beyond profits are the driving forces behind his venture.Val shared the lessons he learned while navigating the tough early days of entrepreneurship: "I didn’t have a fancy business plan, just the drive to make something work." This drive led him to master digital marketing, product positioning, and web development. "I became obsessed with learning... those skills became game-changers for me," Val recalled. His story emphasizes the power of persistence, small daily wins, and building strong partnerships that opened doors to new opportunities.We also discussed the unique advantages of Ukrainian tech talent. Val explained, "Some of the best people I’ve worked with were from Ukraine... they care about the results they bring to the company." He highlighted the region’s strong education system and self-learning culture, which produces "highly skilled engineers who stay on top of the latest technologies." Val believes that Ukraine’s developers, with their deep technical expertise and accountability, offer a "cost-to-quality ratio" that can’t be matched in other markets.A recurring theme in our conversation was the power of relationships in business. "Being open to learning from others and creating those connections was huge for me," Val noted. This focus on relationships extends to Hire Odesa’s process: they thoroughly vet candidates, ensuring clients are only presented with the top 1% of talent. "We handle the screening ourselves, so by the time our clients see candidates, they’re already top contenders," Val shared, underscoring how Hire Odesa helps businesses avoid the usual hiring headaches.When it comes to remote work, Val is optimistic about the future: "We’re seeing a continued shift towards companies hiring globally by default." He talked about the rise of specialized remote teams and how businesses are moving away from the traditional 9-to-5 model, instead focusing on results. "Deep work without a pre-set schedule is gaining momentum," he explained, allowing talent from across the world to collaborate without time zone constraints.Takeaways:Access to top-tier talent: "We connect U.S. businesses with the top 1% of talent, vetted and ready to deliver results."Ukrainian tech teams’ competitive edge: "Their work ethic and attention to detail set them apart, offering a cost-to-quality ratio that’s hard to beat."Remote work trends: "Deep work without a pre-set schedule is gaining momentum," allowing teams to work flexibly and deliver high productivity.Building relationships and trust: "It’s not just about filling roles; it’s about helping companies grow and creating long-term partnerships."Leadership in remote environments: "I believe in hiring great talent and giving them the space to excel," balanced with clear expectations and accountability.If you're ready to scale your business with specialized remote tech teams, Hire Odesa can be your trusted partner in finding the right talent to grow efficiently.

Sep 29, 2024 • 24min
Camilla Moore: Are You Treating Burnout Without Knowing the Cause?
Dr. Camilla Moore is a certified clinical instructor for the Stress Management and Resiliency Training (SMART) program, a diplomate at the American College of Lifestyle Medicine, and a chiropractor with nearly two decades of experience treating stress-related disorders. We spoke about one of the most common mistakes people make when managing stress, burnout, and imposter syndrome—jumping to treatment without a proper assessment of the root causes.Camilla shared a personal story of how her drive to work one day revealed the depth of her own exhaustion, saying, “What if I just turned around? I didn’t want to quit, I just needed a break.” This moment led her to reassess how burnout builds up and what people often overlook when treating it. She emphasized that many jump to solutions like exercise or better sleep without evaluating what’s really causing the stress.Key topics we discussed include:Root Causes of Burnout: Camilla explained how, like medical conditions, stress and burnout require a proper evaluation before treatment. “We know that chronic stress impacts our physical health... yet we have so little resources to quantify where our stress is coming from.”The Inner Critic and Imposter Syndrome: One critical factor that exacerbates burnout is the inner critic, which fuels imposter syndrome. Camilla shared her personal battle with the thought, “They’re going to think you’re a fraud,” and how she used her five-step process to reframe these thoughts.Energy Management and Focus: Camilla introduced the concept of the “energy battery,” an exercise that quantifies where your energy is going and what you’re getting back. She stressed the importance of allocating energy wisely, saying, “What we’ve been giving, we haven’t been getting back.”Takeaways from this conversation include the importance of identifying the root causes of stress before seeking solutions, learning to manage imposter syndrome by reframing negative thoughts, and finding balance through conscious energy management. As Camilla pointed out, “Once I identified those key components, my whole world opened up.”This episode offers valuable insights and actionable steps for anyone feeling overwhelmed by burnout, imposter syndrome, or stress.

Sep 27, 2024 • 34min
Jim Sabellico: Can You Build a Business Without Sacrificing Life?
Jim Sabellico is a heart-centered entrepreneur who redefined success after a powerful wake-up moment—standing in front of a half-eaten birthday cake, realizing he had missed his son's celebration. In our conversation, we explored his journey from an 8-year-old mowing lawns to a business leader who no longer grinds 18-hour days. Jim opened up about the struggle many entrepreneurs face—chasing financial success at the cost of their personal lives—and how he flipped that dynamic to build both a thriving career and a joyful family life.We spoke about the concept of “No Half Cakes,” a personal philosophy Jim created in response to that pivotal moment with his son: “I wasn't going to accept less. I wanted the whole thing.” This approach extends beyond just work-life balance; it’s about building harmony where your personal and professional worlds aren’t in conflict but in sync.Jim emphasized the importance of authenticity, explaining that true success stems from aligning with your core values. “When you operate as your authentic self, it resolves a whole lot of problems for you. You understand what's right and wrong, and you don’t waste time deliberating.” This mindset has allowed him to step back from the hustle and still achieve more success, both professionally and personally.Here are three key takeaways from Jim's insights:Redefine Success: Financial milestones mean little if they come at the expense of personal happiness. Jim’s realization—"I've done all the things that people want to do, but if you come home and you don’t even recognize yourself, that’s not success"—captures the essence of redefining what achievement really means.Harmony Over Balance: Jim challenges the traditional concept of work-life balance, proposing instead a model of harmony where your personal and professional lives support one another, allowing you to show up authentically in both areas.The Power of Mentorship and Alignment: Finding someone slightly ahead of you on the journey, whether it’s a coach or a trusted friend, can accelerate your growth. Jim credits his transformation to leaning on others who had faced similar struggles, offering an invaluable resource for reflection and action.This episode is a must-listen for anyone struggling to balance their ambitions with their personal life. Jim’s story serves as a reminder that success isn't just about what you achieve—it's about how you live.

Sep 25, 2024 • 31min
Dennis Stearns: How to Future-Proof Your Business in a Rapidly Changing World
Dennis Stearns is the founder of Stearns Financial Group and a nationally recognized expert in ultra-high net worth financial planning. He’s been featured in the Wall Street Journal, NY Times, Kiplinger Finance, and more. With accolades such as Entrepreneur of the Year and Most Admired CEO, Dennis is known for his ability to forecast Super Trends and their impact on business and investments. He has led think tanks on financial scenarios and regularly delivers workshops for financial advisors on best practices.We spoke about the techno-industrial revolution and how it's reshaping business landscapes. Dennis explained the convergence of globalization, technology accelerators, and demographics, highlighting that it’s moving at "ten times faster and 300 times more powerful than the first industrial revolution." This collision, he said, is creating massive changes, not only in business but in personal lives and politics. For entrepreneurs, the question becomes: "How can I surf those trends, and how can I make sure I don’t get crushed by them?"One of the standout stories he shared was how Empire Level, a company struggling with declining sales, reinvented its core product by introducing an innovative design that captured the market’s attention. They took an old construction tool and transformed it into a sleek, aircraft-blue product that made it onto the set of Iron Man 3. "That reengineering of a core product," Dennis said, "put them in a growing sales mode… and resulted in an exit at many multiples of what they originally thought possible." It’s a lesson in how product reinvention, combined with savvy marketing, can turn a business around.Dennis also delved into the importance of staying close to the customer. "As your business grows, you may be getting more distant from your customer." He illustrated this with the Epps Logistics story, where persistence in building a relationship with Starbucks ultimately led to a lucrative deal. After an initial meeting went awry, the team stayed in the Starbucks lobby, working and talking to the staff until they got another opportunity. This persistence paid off when their contact moved to another major company and brought them along. "Sometimes it’s those little things that make the difference," Dennis remarked, stressing how crucial relationships are in business.Here are a few takeaways from our conversation:Super Trends Are Reshaping Everything: The rapid collision of technology, demographics, and globalization is forcing businesses to evolve faster than ever. Businesses that can’t adapt will struggle to survive.Strengthen Your Business Moat: Dennis uses the metaphor of a “moat around a castle” to emphasize the need for businesses to protect their core strengths before expanding. "Before you go off on a knight’s quest to grow the business," he advises, "make sure you’ve got a healthy moat."Get Close to Your Customers: Strong relationships with customers are a competitive edge. "Even as your business grows, staying close to your customers is key to maintaining success."Luck Favors the Prepared: Dennis points out that while skill plays a role, sometimes you can "make your own weather patterns if you play the game smart." His work with a company on increasing its valuation from $2 million to $4 million is a prime example of this strategy in action.This episode offers valuable insights into how entrepreneurs can not only survive but thrive in an era of disruption by staying agile, strengthening their core, and building meaningful customer relationships.

Sep 24, 2024 • 22min
Manja Horner: Can Better Onboarding Solve the Skilled Trades Crisis?
Manja Horner, founder of BoostLD, is a learning design expert who specializes in transforming employee training and business optimization in the construction and skilled trades industries. In our conversation, we uncovered some of the biggest challenges these industries face today, including the skilled labor shortage, poor onboarding experiences, and ineffective employee retention strategies.Manja shed light on the skilled trades labor crisis, explaining, “We’re experiencing hundreds of thousands of job shortages,” and pointed out that the problem isn't just in North America but globally. This shortage has placed enormous pressure on construction companies to adapt their strategies, especially when it comes to hiring and retaining talent.A key focus of our discussion was how better onboarding and intentional career development can be the secret to tackling high turnover. “24% of employees will leave within the first six months if their onboarding experience is poor,” Manja explained. But, she also emphasized the flip side: “60% of employees will stay longer than three years if they had an excellent onboarding experience.” This statistic alone showcases the power of a strong first impression.We explored the idea that, contrary to popular belief, employees aren’t leaving for small wage increases: “I call B.S. on that. If people are leaving for an extra dollar an hour, it means you haven’t created a culture that they love and feel loyal to.” According to Manja, the real problem lies in failing to create a supportive, engaging environment where employees can envision a future.Manja also brought attention to the need for clear career paths in skilled trades. “If they start as a laborer and don’t see where they can go, they don’t want to work in that job,” she said, stressing the importance of showing employees how they can progress from apprentice to supervisor and beyond.Another interesting aspect of our conversation was the role of training in boosting productivity. Manja shared, “We help create internal video catalogs and repositories so people can quickly find what they need, rather than wasting time making critical errors or asking others.” This approach not only saves time but also reduces costly mistakes in an industry where errors with expensive materials like copper and steel can have a significant financial impact.We also discussed health and safety concerns. Manja emphasized that regulatory compliance and safety training are crucial, especially in hazardous environments: “Nobody wants somebody to be killed on the job. Training is closely tied with your reputational risk, the health and safety of your crew, and maintaining compliance.”Manja's passion for skilled trades comes from personal experience, having grown up in a family deeply rooted in the industry. “I worked on the tools… I sanded wood until I had no fingertips left,” she recalled, making it clear that her dedication to improving the industry is both personal and professional.Whether you're dealing with high turnover, struggling with employee engagement, or looking to improve productivity, this episode is packed with actionable insights and real-world solutions. It’s a must-listen for construction leaders and business owners who want to build a thriving, loyal workforce.


