181 - The Reality of Year One: Sales, Cash Flow, and Life as a Franchisee with Clayton Edrington

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Nikonomics - The Economics of Small Business

Nikolas Hulewsky

255 episodes

1 day ago

Welcome to Nikonomics—the show for entrepreneurs and Wantrapreneurs, looking to make their first million. I bring firsthand experience, having bought and sold over a dozen businesses, achieved multiple 7-figure exits, and generated over $100 million in revenue. Each week, I blend humor with real insights from successful entrepreneurs, sharing growth strategies, deal insights, and unique business ideas you won’t find elsewhere. Ready to turn your entrepreneurial dreams into reality? Hit play and let’s get to work. Follow me on Twitter @CoFoundersNik or YouTube @NikonomicsPodcast.

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181 - The Reality of Year One: Sales, Cash Flow, and Life as a Franchisee with Clayton Edrington

Nikonomics - The Economics of Small Business

36 minutes 34 seconds

3 weeks ago

181 - The Reality of Year One: Sales, Cash Flow, and Life as a Franchisee with Clayton Edrington

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Join me, Nik (https://x.com/CoFoundersNik), as I interview Clayton Edrington. Clayton was making over $300,000 a year at Amazon but had an entrepreneurial itch. He explored everything from SaaS startups to buying existing businesses before landing on franchising.

We dive into why he left a high-paying tech job, how he evaluated different home services and sweaty businesses, and ultimately chose to buy multiple territories in a relatively new roofing franchise, Bumble Roofing.

Clayton shares the startup costs, his approach to financing, navigating the early months, and the crucial role of community and support.

Questions This Episode Answers:

Why choose a franchise over other paths?

What is the business model of a roofing franchise?

How do you pick the right franchise for you?

What are the real startup costs for a franchise?

What personal sacrifices come with starting a business?

Enjoy the conversation!

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Love it or hate it, I'd love your feedback.

Please fill out this brief survey with your opinion or email me at nik@cofounders.com with your thoughts.

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