Built Different

Built Different

Everything from business to leading a fulfilling life! Hearing the stories of incredible people and what we can learn from them

  1. MAR 14

    He Built a $5M F&B Biz by Removing the Chefs

    Making million-dollar decisions alone? Second Surface is the vetted founder community built for founders who are ready to stop going it alone. Apply at secondsurface.org. In this episode of Built Different, we sit down with the founder of Jin Kimchi to break down the systems behind building and growing a modern food brand. From central kitchens and menu design to operational efficiency, marketing, and company culture — we explore the realities of scaling in the F&B industry. Follow us on our socials: Joshua Instagram | https://www.instagram.com/jamwithjoshua/ TikTok | https://www.tiktok.com/@jamwithjosh Damon Instagram | https://www.instagram.com/damon_letsroll/ TikTok | https://www.tiktok.com/@damon_letsroll Chapters: 00:00 Introduction to Jin Kimchi's Unique Business Model 02:44 Revenue Streams and Company Structure 05:19 Transition from Home-Based to Central Kitchen 08:02 Challenges and Strategies in Scaling 11:02 Navigating the F&B Landscape and Rental Costs 13:35 Menu Design and Market Research 16:58 Logistics and Menu Development 19:33 Operational Efficiency in Quick Service Restaurants 20:56 Key Performance Indicators for Success 24:12 Understanding the Quick Service Restaurant Landscape 25:08 Revenue Streams and Delivery Platforms 29:27 Evaluating Business Models: Kiosks vs. Restaurants 34:29 The Value Proposition in Food Business 36:22 Marketing Strategies and Customer Perception 40:12 Enhancing Business Longevity and Employee Culture 40:24 Generating Demand in the F&B Sector 41:35 The Power of Organic Marketing 42:21 Scaling Challenges in the F&B Industry 43:06 Building a Strong Company Culture 44:24 Incentivizing Employees for Better Performance 46:06 Rethinking Profit Sharing and Employee Engagement 47:59 Understanding Financial Health in F&B Businesses 54:21 The Importance of Systems Thinking in F&B 55:17 Common Misconceptions in F&B Business Strategies

    59 min
  2. FEB 26

    Hidden Truths of Acquisitions that Nobody Talks About

    In this episode of Built Different, we unpack the hidden truths of selling a company — the parts founders rarely speak about publicly. From evaluating offers and breaking down term sheets, to negotiation pressure, legal landmines, and the emotional aftermath of exiting — we share what actually happens beyond the headlines. We cover: • The real factors behind deciding to sell • What truly matters in a term sheet (and what doesn’t) • Revenue targets, warranties, and hidden legal risks • Why deal momentum can make or break an acquisition • How to position your company for the right buyer • The psychological and emotional cost of exiting Exits look clean in press releases. They aren’t. If you’re building a company — or planning to sell one someday — this is the side of acquisitions nobody talks about. Follow us on our socials: Joshua Instagram | https://www.instagram.com/jamwithjoshua/ TikTok | https://www.tiktok.com/@jamwithjosh Damon Instagram | https://www.instagram.com/damon_letsroll/ TikTok | https://www.tiktok.com/@damon_letsroll Chapters: 00:00 The Journey of Acquisition: An Introduction 05:56 The Importance of Upfront Payments 12:02 The Decision to Sell: Factors to Consider 18:05 The Reality of Selling: Personal Stories and Lessons Learned 20:58 Evaluating Acquisition Offers: Key Questions 23:58 The Quick Decision: Signing the Term Sheet 26:59 The Psychological Warfare of Negotiation 29:38 The Emotional Dynamics of Negotiation 32:28 The Importance of Deal Momentum 34:54 Compressing the Timeline for Success 46:41 Understanding the Term Sheet 49:43 Navigating Warranties and Revenue Targets 57:41 The Cost of Lawsuits and Compromise 01:00:08 Preparing Your Company for Sale 01:02:23 Identifying Potential Buyers 01:06:10 Building a Sellable Company 01:09:53 Nurturing Investor Relationships 01:10:38 The Importance of Long Sales Cycles 01:11:44 B2B Sales Pipeline Mindset 01:12:39 Targeting Pain Points in Acquisitions 01:13:19 Positioning Your Company for Sale 01:15:14 Understanding the Acquirer's Needs 01:17:02 Lessons from Andrew Carnegie's Sale 01:19:46 The Journey of Selling a Company 01:20:46 Learning from Other Founders 01:21:40 The Role of Lawyers in Acquisitions 01:26:10 The Emotional Journey of Exiting 01:28:35 The Reality of Exiting a Business 01:31:55 Loss of Identity Post-Exit 01:34:43 Finding Purpose After an Exit 01:36:40 The Risk of Depression Post-Exit 01:40:08 Retirement and Purpose

    1h 18m

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Everything from business to leading a fulfilling life! Hearing the stories of incredible people and what we can learn from them