44 - How a College Dropout Built an $80M Business with Steven Montgomery

🚨MY NEWSLETTER https://nikolas-newsletter-241a64.beehiiv.com/subscribe 🚨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?___________________________Love it or hate it, I'd love your feedback.Please fill out this brief survey with your opinion or send me an email at [email protected] with your thoughts.___________________________Spotify: https://tinyurl.com/5avyu98yApple: https://tinyurl.com/bdxbr284YouTube: https://tinyurl.com/nikonomicsYT___________________________This week we covered:00:50 Welcome to Nickonomics01:33 Meet Steven Montgomery03:10 Understanding Resi Brands04:28 From College Dropout to Entrepreneur09:19 Scaling Up and Delegating17:56 The Role of Mentorship and Team Loyalty22:56 Expanding Beyond Painting28:10 Branding Genius of Pinks28:48 Acquiring Franchise Rights30:21 Partnership with Cody Sanchez36:29 Vision for Rezzy Brands41:01 Building a Strong Company Culture44:59 Rapid Fire Questions51:15 Conclusion and Final Thoughts