#71: How to launch and scale a successful franchise: Jeff Fenster, Founder of Everbowl

Next Level Pros

Chris Lee

Business, Entrepreneurship

5 • 1.4K Ratings

🗓️ 29 January 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dive into the entrepreneurial journey of Jeff Fenster, the inspiring founder behind Everbowl. In this episode, Jeff shares his transition from law school to entrepreneurship, his experiences with successful company exits, and the power of building valuable relationships. His stories are a treasure trove of insights for anyone dreaming of entrepreneurial success.

Highlights:

"I just follow my success formula and core values over and over again.""Education is important... but you don't need to go to college to get an education."

Timestamps:

00:00 - Jeff's Success Formula
07:16 - College vs. Entrepreneurship
09:13 - Business Lessons from Law School
14:10 - First Company Sale Challenges
19:17 - The Power of Perspective
22:34 - Building Autonomous Teams
24:54 - Entrepreneurial Strengths
27:10 - Retirement and Passion
31:32 - Effective Hiring Strategies
34:11 - Scaling and Exiting Businesses

Transcript

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0:00.0	I learned a lot about how private equity works, professional money works, how
0:03.4	M&A works, how to grow and scale a company to an exit, what they look for, what is the due
0:07.3	diligence process, how does the audit process go for, so now when I build companies,
0:11.2	I build with an exit in mind.
0:13.1	I don't start like I did there and have on back of the napkin shit that's going to take
0:17.1	months to fix and they're going to discredit and discount when it's time to exit.
0:21.0	Like I build the company knowing what a buyer is thinking.
0:24.0	Because I've been through it. I just follow my success formula, my core values over and over and over again.
0:28.6	They work.
0:29.6	Yo, y'all, y'all, welcome to another episode of the founder podcast. Today I am joined in this beautiful
0:35.4	studio by Mr Jeff Finster. Jeff is a serial entrepreneur, founder of Ever Bowl, which I slurping on right now getting a little
0:45.8	little sugar in natural sugar of course.
0:49.3	Fruit sugar he doesn't know anyone a thousand bucks.
0:51.2	No I ain't no sending nobody a thousand bucks for this thing. So, but Jeff is the founder of Ever Bowl.
0:57.8	He has had three exits, super entrepreneur. He's a speaker, author he's heavily networked super excited to be here with you today mr
1:07.9	Jeff well thanks for having man excited and glad you were able to come down we got to hang out
1:12.1	next time I'm gonna have to come up and visit you because your neck of the woods looks beautiful.
1:16.1	Oh man it's a good good time up in eastern Washington. I bet man. Thank you. Excited to be here.
1:20.8	Yeah man. So Jeff for those who don't know you tell us give
1:24.8	us like the 62nd background so family man father of two two daughters girl
1:32.1	dad awesome
1:33.2	awesome tell us about being a dad you know that's some some that we don't
	...

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