TMBA 673: Side-Hustle to Multi-million Inc500 #98 Business

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Side-Hustles, which – with a lot of hard work – evolve into full-time businesses are a theme of many entrepreneurial journeys. We’ve covered a fair few on this show.

But Brenden Marquardt’s story is particularly interesting for a few reasons: even though he was in a well-paid finance job, and knew he wasn’t great at ‘ideas’, he did the groundwork to be ready for when the opportunity he was looking for presented itself.

On today’s show Brenden, Co-Founder of Homestead Brands talks to Dan about how a chance click on a website led him to buy Lori Beds, his methodology for working ‘on’ not ‘in’ the business

“When I hired my first executive team member Dodes, who manages our product – the manufacturing, relationships, logistics and things like that. Even before I hired him, just talking with him, I realised we had set our goals way too small, because I didn’t know how to do any of those things that he spent every day doing in the furniture industry”.

And why Brenden takes inspiration for working with other family members in his business from ‘The Sopranos’.

Listen and Learn

  • Brenden’s decision to buy Lori Beds
  • Evolving a business vs. drawing a high-income corporate salary
  • What ‘Scaling Up’ can do for your business
  • Why not being an ‘ideas person’ can work to your advantage

Mentioned in the episode:

Before the Exit – Our New Book
Partner With Us
The Dynamite Circle
Dynamite Jobs
Post a Remote Job
Dynamite Deals
Tropical MBA on YouTube
Dynamite Jobs – Remote Recruiting Sales Page
Homestead Brands
Lori Beds
The Flywheel Concept
Rob Lynch
Scaling Up
Who
The E-Myth Revisited

Enjoyed this podcast? Check out these:

TMBA370: The Saturday Morning Side Hustle
TMBA 665: Reaching A $4M Run Rate In Less Than A Year
TMBA580: Mailbag: Making New Moves in the New Year

This week’s sponsors:

Most long-term TMBA listeners will already be familiar with Travis Jamison’s SEO agency Smash Digital. For the month of October they are bringing back free SEO video audits for the listeners of this pod. Over 200 people took them up on this last year and found them invaluable. So if you want to take advantage of this great offer head over to https://smashdigital.com/tmba/

Don’t Get Held Up While You’re Trying to Scale Up. Experience the ease of remote hiring with dedicated experts by your side. Book a call at https://www.remotefirstrecruiting.com/

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Have comments about the show?

Do you have ideas for things you’d like Dan and Ian to discuss on future episodes?

Our producer Jane would love to hear from you at [email protected] or leave us a voice message using the record button below.

 

 

Thanks for listening to our show! We’ll be back next Thursday morning 8AM EST.

Cheers,

Dan & Ian


 

Full Transcript


(Transcript Forthcoming)

(Transcript Forthcoming)