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In this episode:
Why should someone want a partner?
The 3 reasons why a business could franchise
The two types of advice: Opinion and Wisdom
A morning ritual is a strong way to get your day rolling
When should you hire your first employee?
Quotes:
“You are a mixture of the 5 people you surround yourself around”
“It’s hard to soar like an eagle when you hang out with turkeys”
“Don’t overexpand and run out of money” -- Fred DeLuca Subway
“Hire people that are better at their role in the business than I am”
“Balance is always tough”
“Trying to document and systemize your business as effectively as possible so they (your team) can function without you as a founder physically there should be the end goal”
“Do more due diligence and ask for more referrals”
Favorite tools:
Yammer: https://www.yammer.com/
Slack: https://slack.com/
Favorite book:
Traction: Get a Grip on Your Business: https://www.amazon.com/Traction-Get-Grip-Your-Business-ebook/dp/B007QWLLV2/
International Franchise Association: https://www.franchise.org/
Entrepreneurs’ Organizations: https://www.eonetwork.org/
Young Entrepreneurship Council: https://yec.co/
Young Presidents Organization: https://www.ypo.org/
Tools, books, products, services, organizations, etc mentioned:
E-Myth Revisited: https://www.amazon.com/E-Myth-Revisited-Small-Businesses-About/dp/0887307280/
Purple Cow: http://www.sethgodin.com/purple/
The Tools of Titans: https://toolsoftitans.com/
Good to Great: https://www.amazon.com/Good-Great-Some-Companies-Others/dp/0066620996
Tony Hsieh Zappos: https://www.zappos.com/c/about-zappos-monkeys
Awards/Accomplishments:
https://www.inc.com/30under30/2008/prolist.html
http://under30ceo.com/30-most-influential-under30ceos-of-2010/
http://businessobserver4040.com/nick-friedman-omar-soliman/
Shark Tank: https://youtu.be/liRocCeV61U