327: Vending Machine Franchising: Find Entrepreneurial Success from Small Goals and Consistent Action with Matt Miller

Matt Miller is the creator of School Spirit Vending, a franchise opportunity that installs sticker vending machines in schools. Listen in as he details his journey from day job to freedom where he built a vending machine franchise business. Matt describes how he built his business as well as his thought process for staying productive with 90 day goals, a spreadsheet to track milestones, and 1-2 hours per day to check off steps.

Quotes:                                                                                                                                   

“The speed of the group is determined by the speed of the leader.” – Matt Miller

“I'm not afraid to lose some money, lose some time, or mess up a little here and there in order to figure out the right path to take.” – Matt Miller

“There are very few things in business that are permanent or can cause permanent harm or damage if you're wise about the decisions you make.” – Matt Miller

Takeaways:

06:17 Small, consistent actions compound over time, leading to significant business growth.

08:53 Incremental progress is more sustainable than trying to achieve everything at once.

15:52 Having a mentor or coach can dramatically accelerate personal and professional development.

19:42 Franchising offers a proven business model for entrepreneurs seeking low-risk entry into a new industry.

24:31 Passion projects and side businesses can become successful ventures with persistent effort.

Podcast: Play in new window | Download (Duration: 33:12 — 30.4MB) | Embed

Subscribe: Apple Podcasts | Spotify | Amazon Music | iHeartRadio | Podchaser | RSS

Filed in: Archive 2: 2017 • Interview • Podcast • Productivity