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The 3 Things You Need to Scale Successfully

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Manage episode 157750752 series 44915
Content provided by PROFIT Magazine. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by PROFIT Magazine or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
It’s been 27 years since a high school student idling in the drive-thru lane at a McDonald’s had the flash of inspiration that turned into a major Canadian entrepreneurial success story. In line behind an old pickup truck with ‘Mark’s Hauling’ stencilled on its plywood sides, the young man saw a way to fund his college education—by starting a junk removal operation of his own. He called it the Rubbish Boys. You probably know the company in question by its current name, 1-800-GOT-JUNK? And you’ve undoubtedly heard of its founder, entrepreneurial icon (and PROFITguide columnist) Brian Scudamore. Nearly three decades after that fateful fast food run, Scudamore has built a business empire. Parent company O2E Brands has $250 million in system-wide sales from 250 franchisees and four offerings: the original, 1-800-GOT-JUNK?, a fixture on the PROFIT 500 Ranking of Canada’s Fastest-Growing Companies; WOW 1 Day Painting; You Move Me, which does local moves; and exterior washing service Shack Shine. All O2E’s brands are service offerings for homeowners, and Scudamore says that’s by design. “It’s where I got my start,” he explains. “[I’m a] big believer that you grow where you’re planted.” The lessons from building his first venture in this market—call centre, marketing, customer experience, PR, and so on—apply easily to every subsequent one. “We’ve been able to cookie-cutter that into other industries [that] really aren’t that different.” Whether you’re building your first venture or your fourth, Scudamore says there are certain keys you need to put in place to succeed and scale. Here’s are three things that took him from the McDonald’s drive thru to the head of a quarter-billion dollar business. 1. Vision It’s crucial that you have a clear sense of what you’re hoping to achieve, says Scudamore. “Know where you’re going,” he counsels. “You don’t have to figure out how to get there [or] create the plan, but start with the vision.” At 1-800-GOT-JUNK?, Scudamore and the team crafted a ‘painted picture’ of the future. Details included a presence in the top 30 cities on the continent and an appearance on The Oprah Winfrey Show, both of which they’ve long since achieved. Each O2E brand has a picture of its own. Scudamore references construction to drive home his point. “You’ve got to know what the end game looks like before you build out the skyscraper and add all these different floors.”
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138 episodes

Artwork
iconShare
 

Archived series ("Inactive feed" status)

When? This feed was archived on January 22, 2020 07:09 (4+ y ago). Last successful fetch was on December 28, 2017 20:36 (6+ y ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 157750752 series 44915
Content provided by PROFIT Magazine. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by PROFIT Magazine or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
It’s been 27 years since a high school student idling in the drive-thru lane at a McDonald’s had the flash of inspiration that turned into a major Canadian entrepreneurial success story. In line behind an old pickup truck with ‘Mark’s Hauling’ stencilled on its plywood sides, the young man saw a way to fund his college education—by starting a junk removal operation of his own. He called it the Rubbish Boys. You probably know the company in question by its current name, 1-800-GOT-JUNK? And you’ve undoubtedly heard of its founder, entrepreneurial icon (and PROFITguide columnist) Brian Scudamore. Nearly three decades after that fateful fast food run, Scudamore has built a business empire. Parent company O2E Brands has $250 million in system-wide sales from 250 franchisees and four offerings: the original, 1-800-GOT-JUNK?, a fixture on the PROFIT 500 Ranking of Canada’s Fastest-Growing Companies; WOW 1 Day Painting; You Move Me, which does local moves; and exterior washing service Shack Shine. All O2E’s brands are service offerings for homeowners, and Scudamore says that’s by design. “It’s where I got my start,” he explains. “[I’m a] big believer that you grow where you’re planted.” The lessons from building his first venture in this market—call centre, marketing, customer experience, PR, and so on—apply easily to every subsequent one. “We’ve been able to cookie-cutter that into other industries [that] really aren’t that different.” Whether you’re building your first venture or your fourth, Scudamore says there are certain keys you need to put in place to succeed and scale. Here’s are three things that took him from the McDonald’s drive thru to the head of a quarter-billion dollar business. 1. Vision It’s crucial that you have a clear sense of what you’re hoping to achieve, says Scudamore. “Know where you’re going,” he counsels. “You don’t have to figure out how to get there [or] create the plan, but start with the vision.” At 1-800-GOT-JUNK?, Scudamore and the team crafted a ‘painted picture’ of the future. Details included a presence in the top 30 cities on the continent and an appearance on The Oprah Winfrey Show, both of which they’ve long since achieved. Each O2E brand has a picture of its own. Scudamore references construction to drive home his point. “You’ve got to know what the end game looks like before you build out the skyscraper and add all these different floors.”
  continue reading

138 episodes

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