Special guest this episode: Cole Robinson. Cole rose from door to door selling books in college, to the retail floor of a major department store, then joined a small marketing company and helped them grow from $6M to $22M. She decided at least a year in advance that she needed to leave her job and start a company. She enlisted a mentor, saved money, did a ton of research and finally pulled the trigger. Cole always had the goal to own her own business before 40. Well she did that and today she's created the work-life balance and income she always wanted.
SPONSOR: Executive Launch (www.execlaunch.com) – from corporate executive to startup founder
Full Episode (YouTube): https://bit.ly/2AELfia
Audio Only (Podbean): https://planyourstart.podbean.com/e/cole-robinson-why-franchising-is-a-great-entrepreneurial-option-and-how-to-get-there/
0:20 Cole’s swimming pool background looks like a serenity screensaver
1:24 How to thrive and survive in this COVID-19 situation we are in
1:40 Cole’s walk-in song - personal “pump up” song
3:29 Start with opening slide: Is this a massive change in our lives and work?
4:33 Allen’s start-up advice: Plan for the worst, hope for the best
5:15 Cole’s been through two other massive crises before, including after 9/11 – this is something else to navigate through
6:39 She is optimistic
7:01 This crisis is different, will create changes in overall business to personal contact/touch and space – we were not prepared for this
8:18 SPONSOR: Executive Launch (www.execlaunch.com) – from corporate executive to startup founder
10:05 Cole’s background
12:28 The makeup counter at Dillard’s department store
13:03 Left retail for recruiting and got let go!
15:06 Melanie, a listener, sold knives for three months
16:56 Michelle, a listener, sold copiers door-to-door (so did Sarah Blakely, founder of Spanx)
18:50 She said after selling copiers she could sell anything to anyone and learned she could find the answer to anything for her customers
20:18 Her advice is ”look outside the box” and Cole added Michelle knew how to make lemonade from lemons
25:30 Allen says we need to let ideas flow, opportunities flow, it’s tough times out there
25:49 When Cole was in sales, she wanted more and said she was lucky to work for entrepreneur business owners who had that mindset
27:22 Cole says “It was in me”
29:33 She had savings of $100,000+ before she launched her business
31:05 Purchasing a franchise appealed to her
33:28 She didn’t want to be 40 and working for someone else
34:02 She was burnt out on what she was doing
34:14 She wanted to be there for her daughter in school like her parents were for her, and to be financially secure when her daughter graduated
34:54 Cole talks about FISH commercial window cleaning and their business history
35:57 Their first franchise was in Tampa, Florida
37:09 How COVID-19 is affecting her business
39:15 Allen sees being an entrepreneur as an insurance policy, an opportunity to control your own destiny and not be so vulnerable in your job – the current situation is a “wake-up call”
0:22 Her business enables her to always take care of her family and have freedom with entrepreneurship
41:00 Cole answers question from listeners regarding franchising
43:36 Allen advises that nothing will come as easy as you imagine it
44:32 Cole is not afraid of hard work
45:02 She found the first 3-4 months of being in business exciting and her honeymoon period lasted for the first 18 months
45:47 Hiring employees was the hard part – January 4, 2018 was a tough moment
47:03 Cole talks about mental toughness
52:11 What advice would Cole give her younger self in this situation?
57:15 Faith is the center of everything for Cole
58:11 Prior to her quit to start, she knew that she could do more on her own and for the greater good than working for others.
59:10 Cole reached out for help, mentors were important
1:02:13 Cole says it’s time do a personal inventory, freshen up, reach out to references
1:04:03 Carl, a listener, asks Cole a question about what the franchise offered that she couldn’t do on her own
1:06:39 Her answer: teach her how to run a business holistically
1:07:03 How she markets her business – on the streets and networking
1:07:35 We see Cole get tough and a glimpse of her highly competitive mindset!
1:08:53 Allen wants to be of help to people, give advice – discussion about “pivoting” and how it is a great time to absorb information and become more educated - sharpen your skill set!
1:13:13 Small businesses are going to be born, make lemonade from lemons… maybe now is the time
1:15:18 Cole suggests business ideas for now could be around the cravings for entertainment and interaction
1:20:52 Workforce development gaps will be filled with people looking to be re-trained to do different jobs
1:22:13 Cole asks Allen for the first three things he will do after the pandemic
1:23:22 Cole thinks tele-health is absolutely the future
1:26:40 You know it if entrepreneurship is or isn't for you
1:29:48 Wait for it to come to you – that is a powerful message
Cole's Business: www.fishwindowcleaning.com/Tampa-FL-3187/
Full Episode (YouTube): https://bit.ly/2AELfia
Audio Only (Podbean): https://planyourstart.podbean.com/e/cole-robinson-why-franchising-is-a-great-entrepreneurial-option-and-how-to-get-there/