Episode 815: Jon Ostenson – I Built a Million Dollar Business That Never Turned a Profit
BIO: Jon is the founder and CEO of FranBridge Consulting, a two-time Inc. 5000 company, and he is a top 1% franchise consultant.
STORY: Jon co-founded a marketing and call center company that seemed successful at first glance and grew to millions in revenue and dozens of employees. However, excessive customization and the inability to charge prices that matched rising costs meant that the company never became sustainably profitable.
LEARNING: Profitability is oxygen. Knowing when to admit you’re wrong is just as important as knowing how to start.
Access the episode’s show notes and resources
Episode 814: Edwin Endlich – Early doesn’t always mean good
BIO: Edwin Endlich is the Chief Marketing Officer of Wysh and Chairman of the National Alliance for Financial Literacy and Inclusion.
STORY: Edwin’s worst investment was buying Tilray stock at $143 during the early legal cannabis investment hype. Swept up in the excitement of a ‘new frontier’, he held on as the price plummeted – eventually selling for around 30 cents and losing more than 99% of his investment.
LEARNING: The basic principles always apply, even in new or exciting industries. Don’t let hype replace due diligence.
Access the episode’s show notes and resources
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INDEMNIFICATION: This content is for informational purposes only. It is not intended as investment advice. Readers should not consider statements made by the author(s) as formal recommendations and should consult their financial advisor before making any investment decisions. While the information provided is believed to be accurate, it may contain errors or inaccuracies. The author(s) cannot be held liable for any actions taken as a result of reading this article.
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