48 min

39 - The Importance of Precision w/ Matt Pridemore Gathering The Kings

    • Entrepreneurship

Summary:
In this episode of Gathering The Kings, Chaz Wolfe is joined by Matt Pridemore, a king dominating the furniture franchise space. Matt and Chaz discuss the importance of being precise with your business strategy.
In this episode, we’ll explore adding value to your partnerships, diving deeper rather than expanding wider, and not being afraid to fail. Matt shares his years of experience in franchise ownership and expansion to advise listeners on breaking through 7-figures. Tune in and start scaling your kingdom now!


During this episode, you will learn about:
[1:20] Introduction to Matt and his background in business.
[6:50] How the journey started for Matt.
[12:50] Being strategic with your money and business strategy.
[17:30] Bad decisions Matt made along the way.
[20:45] Repeat what already works.
[24:50] The importance of adding value to your partnerships.
[28:55] Matt’s advice to making intimidating decisions.
[30:30] Good decisions Matt made in his journey.
[33:15] What metrics to track to measure success.
[40:00] Networking with other business owners.
[43:40] What Matt would do if he lost everything.




Notable Quotes


(3:45) “I get bored very easily. So my favorite thing is to go into a store that’s underperforming or failing and see the good in that store. If there’s one little avenue I can get into, I want to fix it.” -Matt Pridemore.


(6:00) “Because, why not? It’s a challenge. So let’s just go, figure it out, take the risk, and let’s just play the game.” -Chaz Wolfe.


(19:05) “I felt like because I was good at one thing, I would be able to go wider instead of deeper. One of the reasons I have fourteen locations now is because I realized it’s better to go with what you’re good at.” -Matt Pridemore.


(24:50) “One big mistake people at the 6-figure mark might make is they look at partnerships thinking- how can I bring value to my organization? Not what value they’ll add to the deal.” -Matt Pridemore.


(26:53) “When you bring value, everything else just falls into place.” -Chaz Wolfe.


(29:30) “If you can honestly say this makes sense for you right now, do it. And if not, be okay with it. You don’t have to say no altogether. But once you make that decision, be okay with it, and don’t think about it again.” -Matt Pridemore.




Book Recommendations:
https://www.amazon.com/s?k=it%27s+your+ship+by+michael+abrashoffandgclid=Cj0KCQjwio6XBhCMARIsAC0u9aHh5g1ny0--2pwKph4Utr1WMlhxqJFebP8u0pZBOKbPNptae7UVqoAaAhOxEALw_wcBandhvadid=241933594955andhvdev=candhvlocphy=9009749andhvnetw=gandhvqmt=eandhvrand=4487608418663748560andhvtargid=kwd-3825319886andhydadcr=22596_10348340andtag=googhydr-20andref=pd_sl_2kext7ps21_e (It’s Your Ship) by Michael Abrashoff



Let’s Connect!
Matt Pridemore


LinkedIn: https://www.linkedin.com/in/matt-pridemore-97462016 (https://www.linkedin.com/in/matt-pridemore-97462016)
Podcast: https://podcasts.apple.com/us/podcast/the-franchise-builder/id1609667082 (https://podcasts.apple.com/us/podcast/the-franchise-builder/id1609667082)




If you liked this episode, please SUBSCRIBE to the podcast and drop us a FIVE-STAR REVIEW. We appreciate you, and your support enables us to keep bringing you the goods on the show!

Summary:
In this episode of Gathering The Kings, Chaz Wolfe is joined by Matt Pridemore, a king dominating the furniture franchise space. Matt and Chaz discuss the importance of being precise with your business strategy.
In this episode, we’ll explore adding value to your partnerships, diving deeper rather than expanding wider, and not being afraid to fail. Matt shares his years of experience in franchise ownership and expansion to advise listeners on breaking through 7-figures. Tune in and start scaling your kingdom now!


During this episode, you will learn about:
[1:20] Introduction to Matt and his background in business.
[6:50] How the journey started for Matt.
[12:50] Being strategic with your money and business strategy.
[17:30] Bad decisions Matt made along the way.
[20:45] Repeat what already works.
[24:50] The importance of adding value to your partnerships.
[28:55] Matt’s advice to making intimidating decisions.
[30:30] Good decisions Matt made in his journey.
[33:15] What metrics to track to measure success.
[40:00] Networking with other business owners.
[43:40] What Matt would do if he lost everything.




Notable Quotes


(3:45) “I get bored very easily. So my favorite thing is to go into a store that’s underperforming or failing and see the good in that store. If there’s one little avenue I can get into, I want to fix it.” -Matt Pridemore.


(6:00) “Because, why not? It’s a challenge. So let’s just go, figure it out, take the risk, and let’s just play the game.” -Chaz Wolfe.


(19:05) “I felt like because I was good at one thing, I would be able to go wider instead of deeper. One of the reasons I have fourteen locations now is because I realized it’s better to go with what you’re good at.” -Matt Pridemore.


(24:50) “One big mistake people at the 6-figure mark might make is they look at partnerships thinking- how can I bring value to my organization? Not what value they’ll add to the deal.” -Matt Pridemore.


(26:53) “When you bring value, everything else just falls into place.” -Chaz Wolfe.


(29:30) “If you can honestly say this makes sense for you right now, do it. And if not, be okay with it. You don’t have to say no altogether. But once you make that decision, be okay with it, and don’t think about it again.” -Matt Pridemore.




Book Recommendations:
https://www.amazon.com/s?k=it%27s+your+ship+by+michael+abrashoffandgclid=Cj0KCQjwio6XBhCMARIsAC0u9aHh5g1ny0--2pwKph4Utr1WMlhxqJFebP8u0pZBOKbPNptae7UVqoAaAhOxEALw_wcBandhvadid=241933594955andhvdev=candhvlocphy=9009749andhvnetw=gandhvqmt=eandhvrand=4487608418663748560andhvtargid=kwd-3825319886andhydadcr=22596_10348340andtag=googhydr-20andref=pd_sl_2kext7ps21_e (It’s Your Ship) by Michael Abrashoff



Let’s Connect!
Matt Pridemore


LinkedIn: https://www.linkedin.com/in/matt-pridemore-97462016 (https://www.linkedin.com/in/matt-pridemore-97462016)
Podcast: https://podcasts.apple.com/us/podcast/the-franchise-builder/id1609667082 (https://podcasts.apple.com/us/podcast/the-franchise-builder/id1609667082)




If you liked this episode, please SUBSCRIBE to the podcast and drop us a FIVE-STAR REVIEW. We appreciate you, and your support enables us to keep bringing you the goods on the show!

48 min