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Nick Friedman

👤 Person
242 total appearances

Appearances Over Time

Podcast Appearances

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

He got very mad at me. I said, that's an interesting hobby. He goes, no, it's a business. It's not a hobby. And I was like, oh, got you. My apologies, because I'm thinking this guy's almost 90 years old, and he's got all these horses that he's breeding and selling.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

He got very mad at me. I said, that's an interesting hobby. He goes, no, it's a business. It's not a hobby. And I was like, oh, got you. My apologies, because I'm thinking this guy's almost 90 years old, and he's got all these horses that he's breeding and selling.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

But he's running it just like a business, and he's just as fired up about it as he was the publicly traded company that he grew as well.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

But he's running it just like a business, and he's just as fired up about it as he was the publicly traded company that he grew as well.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

That's right. Well, there's nonprofit benefits as well out there that, you know, you can get involved in, too, in no margin, no mission. So if you didn't have a successful business, you couldn't do things like that. They weren't businesses that were, you know, nonprofit or community driven initiatives as well.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

That's right. Well, there's nonprofit benefits as well out there that, you know, you can get involved in, too, in no margin, no mission. So if you didn't have a successful business, you couldn't do things like that. They weren't businesses that were, you know, nonprofit or community driven initiatives as well.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

Well, you know, there's a quote we always say, you know, don't chase the money, chase the dream or the purpose or the impact. Chase something that's broader than just making money because money is a powerful tool. It's a facilitator. It can create your lifestyle, but it can also create impact for the people that you care about, whether it's a community or family or your employees.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

Well, you know, there's a quote we always say, you know, don't chase the money, chase the dream or the purpose or the impact. Chase something that's broader than just making money because money is a powerful tool. It's a facilitator. It can create your lifestyle, but it can also create impact for the people that you care about, whether it's a community or family or your employees.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

And so having some sort of purpose-driven impact is critical, but without margin, there's no mission, like I just said. So you've got to have a profitable business. You don't want to donate yourself out of business. I tell our early franchisees that a lot. Don't just start giving free moving or free junk removal because people are asking you because you've got trucks.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

And so having some sort of purpose-driven impact is critical, but without margin, there's no mission, like I just said. So you've got to have a profitable business. You don't want to donate yourself out of business. I tell our early franchisees that a lot. Don't just start giving free moving or free junk removal because people are asking you because you've got trucks.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

You've got to build a business first, and then you can create a give-back program. And the reason is, to answer your question, because people are passionate about making an impact. People care that they mattered and that they made a difference.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

You've got to build a business first, and then you can create a give-back program. And the reason is, to answer your question, because people are passionate about making an impact. People care that they mattered and that they made a difference.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

And if you're getting up every day and your pure motivation is making money, you may be disappointed several days out of the year because not every day is easy. Not every day did you make the money you hoped to make personally or professionally. And so for us, we have a two for one giving campaign. We obviously borrowed it from the Tom's Shoes concept.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

And if you're getting up every day and your pure motivation is making money, you may be disappointed several days out of the year because not every day is easy. Not every day did you make the money you hoped to make personally or professionally. And so for us, we have a two for one giving campaign. We obviously borrowed it from the Tom's Shoes concept.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

We said, well, instead of one for one, let's give two for one. We donate two meals for every completed job that we've completed. And we started that a few years ago. We've donated over 5 million meals to U.S. Hunger. We also, during COVID, saw all the reports of the domestic violence that was happening and people being stuck with their sort of abusers.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

We said, well, instead of one for one, let's give two for one. We donate two meals for every completed job that we've completed. And we started that a few years ago. We've donated over 5 million meals to U.S. Hunger. We also, during COVID, saw all the reports of the domestic violence that was happening and people being stuck with their sort of abusers.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

And we offered free moves for survivors of domestic violence. We've done over 150 free moves for survivors of domestic violence. And it doesn't have to be something financial or pro bono like that.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

And we offered free moves for survivors of domestic violence. We've done over 150 free moves for survivors of domestic violence. And it doesn't have to be something financial or pro bono like that.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

Through our junk removal, we've formed partnerships with nonprofits where we donate over 70% of the items we haul to Goodwill, Salvation Army, Habitat, just to be able to try to keep the stuff out of the landfill and give it into a reuse cycle as well. It motivates, inspires your employees. They're going to want to be part of something bigger than themselves, bigger than the business.

The Money Mondays
How We Went From a Beat-Up Van to 200+ Franchises w/ Nick Friedman & Vince Ricci 📈 EP113

Through our junk removal, we've formed partnerships with nonprofits where we donate over 70% of the items we haul to Goodwill, Salvation Army, Habitat, just to be able to try to keep the stuff out of the landfill and give it into a reuse cycle as well. It motivates, inspires your employees. They're going to want to be part of something bigger than themselves, bigger than the business.