21st Century Entrepreneurship

Martin Piskoric
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  • ENTREPRENEURSHIP
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The 21st Century Entrepreneurship Podcast is a 4 x Gold-Award weekly show that features interviews with cutting-edge leaders and successful entrepreneurs. We talk about the fundamentals of starting and growing a business, achieving and maintaining success, as well as the difficulties of entrepreneurship and its future. Subscribe to the 21st Century Entrepreneurship Podcast and never miss an episode, so you can stay on top of the curve and gain the knowledge you need to succeed in today's competitive landscape.

  1. APR 29

    #515 Zack Tomlin: Why most business advice fails you?

    Zack Tomlin is a former founder who spent 12 years building and exiting a business, and we spoke about why most business advice doesn’t actually work for individual leaders. He’s also the author of Craft: The Expedition of Business, a book he repeatedly referenced throughout the conversation as a practical guide to mastering decision-making, leadership, and the craft of business. His core argument is simple: most advice is built for an “average business,” but “most businesses aren’t your average business” because they’re shaped by unique leaders, teams, and markets. The turning point in his journey came from realizing that copying others only gets you so far. He describes leadership growth as a climb—from mimicry, to heuristics, to frameworks, and finally to first principles. As he puts it, “the best business advice is one that is built on principles that are true for all business,” but it’s the leader’s job to translate those into decisions that actually fit their reality. He also reframes scaling: instead of treating a company like a machine that “erodes and rust[s] and breaks down,” he advocates designing it as an environment—an ecosystem where the right behaviors emerge naturally. Practically, Zack breaks business into four parts: destination (clarity and beliefs), crew (who you hire), leader (your mindset shift), and expedition (systems that run without you). He highlights that growth pain often hits between 10–200 employees, when communication breaks down and leaders must transition from doing the work to enabling others. Constraints—competition, time, money, and human limits—aren’t obstacles but tools, because they force better decisions in the real world. Ultimately, his “why” is grounded in life quality: “one’s quality of life is directly correlated to how well their work situation goes.” By building businesses on clear principles and designed environments, leaders gain time, clarity, and better outcomes—not just financially, but for their teams and families as well. Key takeaways  Generic advice fits “average” businesses, not your unique reality  Move from mimicry to first-principles decision making  Design your company as an ecosystem, not a machine  Align destination, crew, leader, and systems holistically  Use constraints to make better, realistic decisions  Scale requires shifting from doing work to enabling others

    18 min

  2. APR 20

    #514 Guffy Wright: How to remove friction in big decisions?

    Guffy Wright is a risk advisor and sales leader at The Mahoney Group, working with entrepreneurs and large companies in scale mode. We spoke about how to make high-stakes decisions when millions are on the line. His work sits at the intersection of insurance, strategy, and human behavior—helping leaders think beyond price and into consequences, especially “on their worst day” and their best. A turning point in his career came from repeatedly seeing deals stall even when the value was obvious. He realized the real blocker wasn’t logic—it was what he calls “emotional friction.” As he explains, “people are not afraid to make decisions, they’re afraid to make the wrong ones.” His framework—V3 (value + vulnerability + validation)—is designed to remove that friction by creating psychological safety and clarity. In practice, this means radical transparency with clients (“there can be zero secrets between us”), detaching from personal incentives, and aligning fully with the client’s outcome. Guffy also brings a highly practical lens to value creation. In one example, a $30,000 insurance cost change translated into a $500,000 cash impact—then turned into a $1M gain with a simple structural shift. This reinforced his belief that “value is constantly in motion” and that business owners must understand both what they value and how decisions ripple through financing, risk, and growth. At the same time, he emphasizes discipline: before scaling, remove something. “You don’t know what you’re committed to by what you say yes to… you know by what you say no to.” At its core, this conversation is about making better decisions under pressure—by aligning incentives, reducing hidden friction, and focusing on long-term value over short-term wins. Key takeaways  Decisions stall due to emotional friction, not lack of value  Use V3: value, vulnerability, validation to unlock decisions  Evaluate decisions for best and worst-case scenarios  Small cost changes can create massive financial impact  Remove tasks before adding to escape stagnation  Align incentives to build long-term trust and outcomes

    21 min

  3. APR 15

    #513 Dave Munson: Why Are Vision, Numbers, and Growth Key?

    Dave Munson is the founder of a global leather goods company Saddleback Leather Co., and we spoke about how he built it from nothing, nearly lost it multiple times, and ultimately learned how to run a healthy, profitable business. His journey includes sleeping on the floor in Mexico, being stolen from “millions of dollars several times,” and almost going out of business—experiences that forced him to rethink everything about leadership and operations. A major turning point came when a mentor who ran a $13 billion business simplified what “run your business by the numbers” actually means. Instead of complexity, Dave learned to focus on the essentials: group all expenses, attack the top three, and cut aggressively—starting with salaries, then materials, then logistics. He saw firsthand that “it’s way easier to save 10% than it is to make 10%,” and that many businesses fail simply because they carry too many people or ignore inefficient processes. Alongside this, he emphasizes clarity of direction: without vision, decisions drift, but with it, every step aligns—“every step I take… helps me to make all my decisions.” Equally important is his philosophy of growth: stop focusing on money and start focusing on people. Influenced by mentors like Zig Ziglar, Dave reframed success around serving others—“if you’re focused on how much money can I make, you’re going the wrong way.” Instead, he built his approach around encouraging people, helping others succeed, and creating genuine value. For him, this extends beyond business into family, leadership, and even daily interactions, shaping a culture where people want to stay, contribute, and refer others. This episode gives listeners a grounded, experience-tested blueprint: define a clear vision, run your numbers ruthlessly, and grow by serving others—because sustainable success comes from alignment, not just ambition. Key takeaways  Write a 5-year vision by hand to guide decisions  Cut top three expense categories first, not minor costs  Reduce staff if roles don’t create clear value  Negotiate material costs and improve production efficiency  Batch operations (e.g., shipping) to lower recurring expenses  Focus on serving others, not maximizing short-term profit

    36 min

  4. APR 8

    #512 Alec Broadfoot: When does a CEO need a #2 leader?

    Alec Broadfoot is founder and CEO of VisionSpark and author of Hiring Your Right #2 Leader. We spoke about why most entrepreneurs fail to hire the right number two—and how to fix it using data instead of gut instinct. His turning point came after building a profitable company with great service but disastrous hiring results, where “we were actually firing about 7 out of 10 people.” Everything changed when he adopted structured assessments and flipped those results, proving that hiring isn’t intuition—it’s a system. That realization led him to develop a method grounded in science, process, and pattern recognition. Instead of relying on interviews and resumes—which he warns against since “78% of resumes have lies on them and 100% have embellishments”—his approach evaluates candidates across mental aptitude, personality, and leadership capability. He emphasizes that the role of a number two is not a glorified assistant or project manager, but “a leader of leaders” who can run the business, make decisions, and create leverage for the founder. We also explored when entrepreneurs actually need this role and how to recognize both the right and wrong hire. A key signal is complexity—when working more no longer produces results and the founder feels stuck, exhausted, or even considers quitting. On the flip side, you’ve hired wrong if you feel the need to micromanage or constantly stay “on the watchtower” protecting the business. Broadfoot uses a simple but powerful metaphor: the right number two is like a doubles tennis partner—aligned, complementary, and in sync—because “you can go farther together when you have that right number two.” This episode gives founders a clear, practical framework to stop guessing in hiring, avoid costly leadership mistakes, and build a business that can scale without them being the bottleneck. Key takeaways  Stop hiring on gut instinct; use structured assessments and data  Don’t promote by default; internal candidates are often wrong fit  Avoid “pool of one”; always evaluate multiple strong candidates  A true number two must lead leaders, not just manage tasks  Micromanagement is a clear signal you hired the wrong person  Start considering a number two near $1M revenue

    21 min

  5. APR 3

    #511 Jon Ostenson: Build a Business Without an Idea?

    Jon Ostenson is a franchise consultant and former corporate executive, and we spoke about how people can enter business ownership without a “million-dollar idea” by leveraging franchising—especially beyond fast food. After years in corporate, he “always had the desire to build my own empire instead of someone else’s,” but lacked a clear starting point. His turning point came when he discovered non-food franchising and later led a franchise system, where he saw how ordinary people could succeed by following proven systems instead of reinventing everything from scratch. His core approach is simple: franchising “shortcuts your path to success” by giving you a ready-made playbook—technology, marketing, training, and peer support—so you can focus on execution. He emphasizes that this path isn’t for everyone, but for those willing to follow a system, it offers a powerful structure: “you’re in business for yourself, but not by yourself.” He also breaks down the landscape beyond food—home services, B2B services, senior care, and other “understandable, cash-flowing businesses” that people often overlook but that perform consistently regardless of the economy. Practically, he outlines what it really takes to get started: investments can range from $150K–$200K for service-based models to $400K–$500K for brick-and-mortar, often funded through SBA loans, retirement rollovers, or credit. He explains two main paths—owner-operator or semi-passive with a manager—and is clear about the trade-offs: success depends heavily on execution and having the right operator in place. Ultimately, his “why” is deeply personal—building freedom, time with family, and autonomy—summed up in his reflection that he’s now “living life on my terms… coaching my kids’ teams… no turning back.” This conversation gives a concrete, realistic pathway into business ownership—what it costs, how it works, and who it’s actually for. Key takeaways  Franchising offers a structured path without needing a business idea  Non-food franchises dominate in home services and B2B sectors  Entry cost ranges from $150K to $500K depending on model  SBA loans and retirement rollovers commonly fund franchises  Semi-passive models require a strong operator to succeed  Focus on execution, not building systems from scratch

    13 min

  6. MAR 30

    #510 Dr. John Scott: How to Turn 6% R&D Into Revenue?

    Dr. John Scott is a former astrophysicist turned serial entrepreneur, and we spoke about why most innovation fails—and how to systematically flip those odds. After earning dual PhDs and spending over a decade in academia, he walked away from a tenured position after realizing that entrepreneurs “were having a lot more fun and satisfaction… than me writing equations on a blackboard.” That turning point led him to build and test a new model for creating companies—one designed not around ideas, but around real, validated demand. At the core of his approach is a simple but rarely followed principle: “needs lead.” Instead of starting with technology, he begins with confirmed market demand—often sourced directly from large corporations that already understand what customers will pay for. He explains that companies collectively spend over a trillion dollars annually on R&D, yet “only 6% of that turns into revenue generating products.” His method pairs those unused technologies with real market needs, then validates the economics through a rigorous “techno-economic analysis” to quantify how much value a solution would create before building anything. This approach dramatically reduces startup risk. Market risk drops because demand is pre-validated; technology risk is minimized because solutions already exist; and adoption risk shrinks since partners often become early customers. As he puts it, the goal is achieving “early stage growth with late stage risk.” Add to that pre-funded ventures and experienced operators, and the traditional startup gamble becomes a structured, repeatable system. For listeners, this episode reframes entrepreneurship from chasing ideas to solving quantified problems—showing how to build faster, de-risk smarter, and create value that customers are already waiting to pay for. Key takeaways  Start with validated market needs, not personal interests  Only ~6% of R&D spend becomes revenue  Pair existing technology with real demand to reduce risk  Quantify value before building using techno-economic analysis  Secure early adopters before launching the company  Aim for early-stage growth with late-stage risk profile

    22 min

  7. MAR 24

    #509 Rob Braiman: Why do founders block growth past $5M?

    Rob Braiman is a serial entrepreneur who has built 10 companies and advised thousands of business owners, and we spoke about why most businesses plateau—and how to break through those ceilings. Over 30+ years, he’s seen the same pattern repeat: founders start strong, but growth stalls as they remain the bottleneck, “wearing too many hats” and keeping control instead of building real leadership structures. His approach centers on four pillars: revenue generation, organizational design, process efficiency, and operational measurement. He explains that every business has “leakage in efficiency,” and that measurement isn’t about control but about empowerment—“if I give people good information, they know what’s expected.” The turning point for most companies comes between $5M–$10M, when growth requires shifting authority away from the owner and into a structured leadership team responsible for profitability. Practically, this means diagnosing where growth is blocked: is the business not keeping up with inflation, are the wrong people in key roles, or is everything still running through the founder? Braiman highlights that many entrepreneurs unintentionally limit growth because they think in terms of “I, I, I” instead of systems and teams. The real work is stepping back—“getting up above the trees and looking down”—to identify bottlenecks and make tough decisions, even when they involve people you care about. Ultimately, this isn’t just about scaling revenue but reclaiming life. Braiman emphasizes that entrepreneurs don’t just want a better business—they want what it gives them: time with family, freedom, and impact. The episode shows how to move from being the engine of the business to building one that runs—and grows—without you. Key takeaways  Most businesses plateau due to owner dependency, not market limits  Growth past $5M requires building real leadership layers  Diagnose profit leaks across revenue, people, processes, measurement  If growth lags inflation, your business is effectively shrinking  Replace “I” thinking with team, systems, and structure mindset  Measurement should empower teams, not control them

    20 min

  8. MAR 19

    #508 Nate Amidon: How do teams stay aligned while scaling?

    Nate Amidon is a former United States Air Force officer, former C-17 pilot, and CEO of Form 100 Consulting, and we spoke about why many companies execute well at small scale but begin to fail once complexity increases. His core argument is simple: a great idea is not enough—“if you have a great business idea, but you can't execute on your great business idea, then it doesn't really matter.” Drawing directly from military operations, he explains why scaling a startup after funding often resembles running a joint mission: more teams, more moving parts, more chances for drift. His method rests on three connected elements: alignment, communication, and process. In military exercises, every team had to know “what the mission was, who was on what team, who was doing what,” and he sees the same missing in many software organizations today. He described how companies often discover too late that different teams answer basic questions differently—especially “what are you building?”—which immediately signals broken alignment. For Nate, communication is what keeps alignment alive when priorities shift, while process is “the glue that enables communication so you can stay aligned,” provided it remains light enough not to become bureaucracy. A major part of the conversation focused on AI implementation, where he argues that most organizations move too fast without a framework. Instead of replacing people, he advocates automation that makes people better, adds measurable value across the full workflow, and is introduced incrementally—small use cases first, not one giant system. He also stresses sustainability: every automation must adapt as business conditions change and eventually be retired when no longer useful. His broader perspective comes from working with veteran leaders embedded inside client organizations, where they first “lower the water level so you can see where the rocks are” before leadership can make better decisions with clearer information. For listeners building teams, integrating AI, or moving from startup speed to operational discipline, this episode gives a practical lens for staying effective when complexity rises. Key takeaways Define who owns each team before scaling further.Ask every team separately what they are building.Use communication to maintain alignment during pivots.Add only enough process to support execution.Automate one valuable step at a time.Retire AI workflows when they stop creating value.

    24 min
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About

The 21st Century Entrepreneurship Podcast is a 4 x Gold-Award weekly show that features interviews with cutting-edge leaders and successful entrepreneurs. We talk about the fundamentals of starting and growing a business, achieving and maintaining success, as well as the difficulties of entrepreneurship and its future. Subscribe to the 21st Century Entrepreneurship Podcast and never miss an episode, so you can stay on top of the curve and gain the knowledge you need to succeed in today's competitive landscape.

Information

  • Creator
    Martin Piskoric
  • Years Active
    2017 - 2026
  • Episodes
    514
  • Rating
    Clean
  • Copyright
    © 2026 21st Century Entrepreneurship
  • Show Website
    21st Century Entrepreneurship