Brian Scudamore: 1-800-GOT-JUNK? was profitable in two weeks
Brian Scudamore · Advice Line with Brian Scudamore of 1-800-GOT-JUNK? · Nov 7, 2024 · at 3:11
Brian Scudamore discusses the early economics of starting 1-800-GOT-JUNK? with a $700 pickup truck.
0:00 / 0:04exact quote · 4.1s
720p mp4 · rendered on demand · StarZero watermark
“Yeah, my business, and this is unheard of, was profitable in two weeks.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Brian Scudamore
Brian Scudamore fired his entire 11-person team at $500K in revenue
“Five years in, we were about a half a million in revenue, and I realized I wasn't having fun any longer. I was avoiding spending time with my employees, and I just, I had the wrong people, and I realized that one bad apple spoils a whole bunch, and I had nine …”
Scudamore: WOW 1 DAY PAINTING will surpass 1-800-GOT-JUNK?
“One day it will be bigger than one 800 got junk simply because the painting space is even that much larger than junk removal.”
Scudamore: Audiences connect to founders differently than hired executives
“Everyone buys into a founder story in a different way than a hired gun.”
Having two impulsive executives at the top fails scaling companies
“But what started to break was that you had two ADD fire ready aim types at the top of the company. That's you and Cameron. Yeah. And that just doesn't work. We started to make poor decisions together.”
Scudamore: 1-800-GOT-JUNK? Revenue Plunged from $119M to $80M
“After 20 years of growth, we went from a hundred and nineteen million in revenue is what we'd hit at that peak at that time, and we dropped down to the eighties.”
1-800-GOT-JUNK? was 90 days from bankruptcy before laying off 52 employees
“We couldn't have been closer. I mean, I would have given us another 90 days if we'd continued down that path. We had overspent so drastically. On big bets that didn't pay off, and I had to hunker down. I had to lay off 52 people.”