17: Don’t Quit Your Day Job – How 2 Cousins Built An Empire As A Side Gig

Business Unusual with Barbara Corcoran

Barbara Corcoran

Entrepreneurship, Careers, Business

4.8 • 1K Ratings

🗓️ 28 August 2018

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

You think you’ll have to dive in hook, line and sinker to start your new business? Nope! Many of my most successful entrepreneurs were just moonlighting until their business was humming enough to quit their jobs. Here’s how Cousins Maine Lobster Founders Sabin Lomac and Jim Tselikis did it. They have an incredible story and a lot of great insights to share with us – and volunteered to be guinea pigs for my first interview episode. Listen in! Got a business question you want to ask me? Tweet it @BarbaraCorcoran and I may just address it in a future show! Also, let me know who you want me to interview next! Follow Business Unusual with Barbara Corcoran on iHeartRadio, or subscribe wherever you listen to podcasts.

Transcript

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0:00.0	If you're going to build something from nothing, you've got to know what really works.
0:07.0	I took a thousand dollar loan and built a five billion dollar business, and now I make smart investments in new businesses on Shark Tank. This is Barbara
0:15.7	Corcoran and you're listening to Business Unusual. Most people think if you're going to
0:20.9	start a business you have to jump in hookline and
0:23.5	sinker and put your whole heart and soul in and get it going full-time.
0:27.5	Well I'm here to tell you that most of my most successful entrepreneurs started
0:32.3	their business while holding
0:33.6	another full-time job. And today we're going to hear from two the most
0:37.6	successful entrepreneurs in the country, Jim and Sabin, two cousins out of Maine,
0:42.2	who came up with the idea of bringing lobster to
0:45.8	L. A and that's how they got started and so in the last six years they've grown their
0:51.4	tiny little part-time truck into a 20 million dollar business and
0:56.6	we're going to learn a few lessons from them today.
0:59.4	So why don't you start by telling us, after you say hello of course, tell us a short story of how you got
1:03.9	started and why you went into this crazy lobster business in the first place.
1:07.8	Yeah good morning Barb it's your favorite we love you. You're my favorite still.
1:12.3	Obviously. We love you. You're my favorite still.
1:12.6	Obviously.
1:14.6	Yeah, Barb, this is Jim.
1:16.3	You know, how we got started was a pretty cool story for us because it really revolves on
1:20.9	our own family and recreating our childhood. I came out to Los Angeles, you know, six years ago to see an ex-girlfriend and ended up spending all my time with Sabin, which is...
1:30.5	Started with a girl girl of course.
	...

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