615: Stop Chasing Sexy Businesses - This Boring One Made Me $500M+ | David Royce

After her family's failed business left her in $700K in debt, Mary Ruth Ghiyam used client feedback from her private nutrition practice to develop a liquid morning multivitamin.    8 years and 130 products later, MaryRuth Organics has earned $100M in revenue and employs over 100 people. So, how'd she do it? By creating delicious products, providing excellent customer service, and time blocking.    Listen to Mary Ruth and Nathan discuss:  How MaryRuth Organics has remained profitable since day 1 The relationship decision that made her business possible  Why she's time blocked over 130,000 hours the past 8 years Why she didn't hire additional employees the first 4 years  Creating a negative cash flow conversion cycle  How MaryRuth Organics gained over 100,000 5-star reviews  How to retain employees by rewarding loyalty  And more time blocking advice for founders...     Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode.   Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.    For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

16 Maalis 202248min

Marc Lore has been a successful entrepreneur since he sold baseball cards as a kid. Now he’s tackling society’s biggest challenges using the skill sets and vision forged in his business career.    Previously, Marc founded and sold innovative ecommerce platforms diapers.com and jet.com to Amazon and Walmart, respectively. Last year he launched Wonder, a startup creating an entirely new way to experience restaurant-quality food.    Listen to Nate and Marc discuss: Building diapers.com and selling to Amazon Starting and selling jet.com for $3.3 billion in 2 years Why Walmart gave his team the keys to scaling their ecommerce business Buying the Minnesota Timberwolves with Alex Rodriguez Creating the next generation of restaurants with the Wonder Group How Gwyneth Paltrow joined the Wonder board of directors  Why Marc is building a city from scratch called Telosa And much more business wisdom…     Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode.   Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.    For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

9 Maalis 202248min

Ready to learn how email and SMS can grow your business?    Dylan Kelley started his career cold calling and building landing pages for direct-to-consumer brands. Then, in 2016, he saw the changes in the digital advertising industry and jumped on the opportunity to start his digital agency Wavebreak, which specializes in SMS and email marketing.    Wavebreak is now one of the leading agencies in the space, helping ecommerce brands like Casely, CaliWhite, PodSockets, and Ballsy grow their email and SMS programs.    Listen to Nathan and Dylan discuss:    How starting a podcast built momentum and credibility for Wavebreak Why automation is making digital agencies irrelevant  How you can double performance by having SMS and email work together How Wavebreak helped Ballsy increase their open rates by 30-40% Why segmentation doesn’t have to be super granular to be effective Why referrals are still the best mechanism for agency growth And much more SMS and email advice...     Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode.   Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.    For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

2 Maalis 202239min

After 125 failed pitch meetings in 6 months, Jason Wilk was almost out of funding and running on fumes. Then one investor wrote him a $10 million check because he believed Jason's team.    Jason Wilk is the cofounder of Dave, the largest financial wellness platform in the U.S. with over 10M users. After a lifelong career of building businesses, Jason is at the forefront of a company disrupting the traditional banking system.    Listen to Nathan and Jason chat about:  The business Jason started at age 20  Joining the YCombinator accelerator program  How Jason built confidence to take on the banking system  Why Mark Cuban became an initial shareholder in Dave  Dave's 1-for-1 tip model with Feeding America The importance of hiring people that can recruit talent  How Dave became a public company in less than 5 years Why you shouldn't chase ideas but pursue a passion And much more startup advice...     Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode.   Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.    For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

23 Helmi 202241min

After working years as an entrepreneur and consultant, Erik Huberman realized that the entire marketing ecosystem was broken. So he started his agency called Hawke Media with a few of his most trusted marketing colleagues. They focused on providing no barriers for new clients with a month-to-month commitment.     8 years later, Hawke Media manages over 600 brands, has 270 full-time employees, and is one of the fastest-growing agencies in America.    Listen to Nathan and Erik discuss:  How he helped Ellie.com generate half a million in sales in one month Hawke Media’s no-barrier strategy and how they win over clients monthly Why marketers need to do great work and be great salespeople Launching The Hawke Method book featuring their proven strategies  Why audio is the next great engagement tool Why SMS is 10x more effective than an email campaign  Starting Hawke Z with TikTok stars Josh Richards and Griffin Johnson Why AI won’t replace creative people any time soon And much more marketing advice…     Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode.   Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.    For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

16 Helmi 202247min

Emma Grede is the marketing and business mind behind a global fashion and lifestyle brand empire. She’s the CEO and cofounder of the first fully inclusive fashion brand Good American, founding partner of shapewear brand SKIMS, and cofounder of plant-powered cleaning brand Safely.    Impressive resume, right?    Emma’s story started in East London as a child, where she was inspired to work in the fashion world. By focusing on her unique talents, she honed her skills in business and marketing to develop a career that she dreamed up from the beginning—to work with creative people and empower their collective vision. Listen to Nathan and Emma discuss:   How she first met and started working with Kris Jenner Pitching the Good American business idea to Khloe Kardashian ​​ The key to the Kardashian/Jenner staying power  Why the power of inclusivity led to the success of SKIMS Finding a better plant-based cleaning solution with Safely How she became a shark on ABC’s Shark Tank Her role as chairwoman of Fifteen Percent Pledge And much more marketing and product advice for founders…     Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode.   Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.    For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

10 Helmi 202259min

Success seems to follow Karl Alomar wherever he goes. He doesn’t attribute this to magic or luck but to identifying repeatable business patterns that lead to financial growth. After selling his second company, Karl helped build one of the fastest-growing cloud infrastructure companies from the ground up. Now he’s partnering with companies like Lyft, Ring, and SpaceX to help them financially and operationally reach success.    Listen to Nate and Karl discuss:    How he built China Export Finance to 9-figures in 4 years Being underwritten by AIG during the 2008 financial crisis How Digital Ocean went from an “operational disaster” to the “Best Place to Work” in New York City Why M13 works more hands-on with founders Why founder success leads to economic success Why the most valuable hire is a head of talent  Why does he refer to businesses as machines And much more advice for founders… Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode.   Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.    For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

2 Helmi 202253min

Dee Deng believes that there's no better time to start a digital agency than now. After a failed startup sent him on a journey of discovery, Dee met his future cofounder in a Neil Patel Facebook group. Together they launched Red Hook, a digital marketing agency that partners with ecommerce brands. Red Hook went from zero to $250,000 in profit in their first year of business, and now it has over 115 employees across the globe.    Listen to Nathan and Dee discuss:  How Dee was able to get 10 clients in his first 6 weeks of business Why charging changes everything  How he got his first speaking gig by posting on an industry Facebook group  Why it's good to tell a client "bad news"  How Right Hook uses "growth clubs" for employee development  How to create "intrinsic motivators" within an organization And much more digital agency advice     Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode.   Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.    For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

26 Tammi 202248min