What does it really take to shift from employee thinking to an ownership mindset?

In this episode of Entrepreneurship Lab, I sit down with Cliff Nonnenmacher, a former Morgan Stanley investment banker turned franchise expert with over 25 years of experience building, operating, and scaling businesses across multiple industries.

Cliff shares how mindset—not capital or credentials—is the true differentiator between those who stay stuck in corporate careers and those who build long-term, generational wealth through ownership. Drawing from his journey from Wall Street to franchising, we explore what executives often get wrong about business ownership, how franchising can reduce risk while expanding opportunity, and why thinking like an owner changes the way you make decisions, invest, and lead.

If you’re considering a career transition, looking to diversify your income, or want to build wealth with intention rather than hustle, this conversation will challenge how you think about success, security, and control.