Small Business Interview with Lance Lewsader of Bolt NWA – Small Business Show 116

Business Brain – The Entrepreneurs’ Podcast

We’re strong proponents of finding something you love to do and creating a business around it. Lance Lewsader had such a great time getting out of an escape room attraction a couple of years ago that he decided to create his own and Bolt NWA was born!

Bolt NWA is an Escape Room Experience where customers have one hour to find clues, solve puzzles and work together to escape the room. Bolt has three rotating concept rooms, including Locked!, The Vault and Day Dream. Lance and his team have created a successful business while getting involved closely with their community to serve multiple “bottom lines”.

We start the show with your co-hosts Shannon and Dave getting educated about the Escape Room phenomenon, a fast growing attraction that is increasing in popularity around the country. Lance spends some time discussing Bolt’s history and how they have grown the business quickly, while connecting with their local community and charity organizations.

Not content to just enjoy fast growth of Bolt on his own, Lance has franchised the business concept and explains how that process works. Your hosts are impressed that what usually can be a very complicated process, is just one more way to grow the business to Lance. But enough about success, we also want to know about those all important mistakes that teach Small Business owners so much. For Bolt, it was partnering with friends that got the business off to a rocky start. We wrap up the show with a talk about measuring success, what’s important beyond profit and what obstacles stand in Bolt’s way and how Lance plans to overcome them.

Join us today for a fun show about a fun business concept! Listen in and then visit the Small Business Support Group to comment and ask questions.

Chapters/Timestamps:

• 00:00:00 Small Business Show #116 April 26, 2017
• 00:01:18 Ghost Pepper Salt!
• 00:01:49 Lance Lewsader – Bolt NWA Escape Room
• 00:04:37 Ride the wave! 950 to 2,500 in 18 months!
• 00:07:40 The F word: Franchising
• 00:11:09 Leverage your specific expertise
• 00:13:07 Repeat business? Keep it fresh!
• 00:14:51 When in doubt… and when in trouble: consult with a lawyer
• 00:18:00 Charity is success
• 00:22:56 Advice: make mistakes!
• 00:24:08 Can you Bolt?

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