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The Foundr Podcast with Nathan Chan

19: The Real Battle Scars of an Entrepreneur - The Brent Grundy Story

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8 • 662 Ratings

🗓️ 26 December 2014

⏱️ 48 minutes

🧾️ Download transcript

Summary

Brent Grundy was a man with a simple business idea who built his empire from the ground up, and became living proof that someone can go from flat broke to running a business that turns over $32 million per year, in just 18 months. But Grundy’s road to success has been anything but smooth. An unfortunate but often present component of any success story is that of hardship or failure; and Brent Grundy’s story is no exception.   After a major business setback, Grundy found himself in the unenviable position of helplessly watching on as his money, home and dreams disappeared before his eyes. With barely enough money to fill a fuel tank, he prepared himself to break the devastating news to his young family that they wouldn’t be celebrating Christmas that year; the down and out businessman had hit rock bottom.   With nothing left to lose, he decided to accept his losses and turn his life around. With a renewed focus, Grundy was sitting in a play centre one day when staff told one of the older children that she was too big to play on the equipment. It was then that an idea came to him; to fill a gap in the entertainment market that caters to adults and children alike.   Today, Grundy is the Founder and Chief Executive of Australia’s first and largest Trampolining franchise business, Flip Out, and his story continues on its way into the history books. Since opening 18 months ago Brent’s business has enjoyed unprecedented success. Flip Out has expanded to a whopping twenty-one sites across the country, employing over 350 people and drawing thousands of customers through its doors each day.   Grundy’s accountant has said that in his 22 years of being in business, he has never witnessed an opportunity that allows the franchisee to recoup their initial investment within four to five months.   The zealous businessman now has his sights set on global domination; currently building centres in Dubai, Brent expects to open in 13 more countries in the next year. He also plans to use profits to donate centres to Afghanistan and Cambodia by year’s end.   In this interview you will learn: - What it feels like to have your company sold underneth you and come back even bigger and better - The importanace of systems and how to develop them in your business - What it takes to become a successful entrepreneur - How to develop a rock solid mindset where you can't lose - The franchising business, how it works and how to start - Secret growth strategies   I Need Your Help! If you haven’t already, I would love if you could be awesome and take a minute to leave a quick rating and review of the podcast on iTunes by clicking on the link below. It’s the most amazing way to help the show grow and reach more people! Leave a review for the Foundr Podcast!

Transcript

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0:00.0

This is episode number 19 of the Founder Podcast with Brent Grundy.

0:07.0

What you need is thirst.

0:08.7

You need to be a thirsty human.

0:10.7

Who is intent on learning.

0:12.7

It's a really fascinating exploration of human potential.

0:18.4

The Founder Podcast.

0:20.9

Even the greatest entrepreneurs had help. If you were... The Founder Podcast.

0:24.2

Even the greatest entrepreneurs had help.

0:29.5

If you want to learn from the most successful founders on the planet, you are in the right place.

0:36.8

Branson, Mark Cuban, Tony Robbins, Tim Ferriss, Ariana Humpington, Steve Case, Gary V, Sophia Amoroso, Barbara Corcoran, Damon, John.

0:39.2

Learn from the greatest minds in business today with interviews hosted by Nathan Chan. This is not your average entrepreneur podcast.

0:45.5

The Founder Podcast.

0:52.6

Hey guys, thank you so much for tuning in. Before we start today's episode, I just want to let you know that our goal at founder is to help entrepreneurs succeed however we can by giving away high quality content in the form of interviews, blog posts, podcasts, YouTube videos, you name it. We put out so much content to help you.

1:13.7

And another interesting project that we're working on right now is partnering with world-class

1:18.4

founders like Damon John, Alexa von Tobel, Greta Van Riel, and so many more to teach crucial

1:24.4

skills like negotiation, finance, e-commerce, and so much more.

1:30.7

So if you'd like to get access to these free trainings with founders like this, which is 100%

1:37.0

free, just go to founder.com forward slash free.

1:40.9

Okay, so now let's talk about today's episode.

1:44.4

Welcome to the founder podcast. Hope we've all been having a great week. Okay, so now let's talk about today's episode. Welcome to the founder podcast. I hope we've all been having a great week.

1:48.7

My name is Nathan Chan and I'm your host. Today we are speaking with Brent Grundy.

1:56.4

Brent is a local entrepreneur from Australia. I read about him in the, our newspaper here down in Australia,

...

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