Podcast
The Erik Cabral Show
Hosted by Erik Cabral · EN
The goal of this show is to bring my experience (both successes and failures) to the table and to share some of my insights to building businesses and relationships. I’ll also interview fellow entrepreneurs to inspire and give you some tools you may need on your journey to grow your personal brand, create a successful podcast, and how to align it all with business and spiritual growth!
22episodes
Episodes
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E313: From Investor to Franchise Mogul: Bennett Maxwell's Journey with Dirty Dough
Apr 8, 2024Tap to summarizeEver wonder how entrepreneurs balance high-growth businesses with personal fulfillment? In this episode, Erik Cabral sits down with Bennett Maxwell, founder of the Dirty Dough cookie franchise. Originally an investor, Bennett took over operations and has grown the business to over 70 locations across multiple states. But rapid expansion came with growing pains. Bennett shares valuable lessons learned from legal battles, prioritizing infrastructure over outsourcing, and the importance of slowing growth to properly vet systems. You'll also hear how Bennett prioritizes family above all else, even missing an important business meeting to attend his daughter's kindergarten graduation. Here are some power takeaways from today’s conversation: Growing a food franchise at lightning speed Lessons learned from legal battles and competition Prioritizing family over work Episode Highlights: [04:20] Slowing Growth for LongevityMassively expanding the franchise too quickly led to issues retrofitting new systems. Bennett wishes he started with a co-packer instead of infrastructure to avoid risks. He now focuses on sustainable growth to continually improve franchisee success. [13:03] Lessons from Legal Battles in the Cookie Wars Bennett shares valuable lessons from the legal battles with a competitor, emphasizing the importance of thoroughly vetting branding elements and seeking legal counsel early on. He wishes he had hired a trademark attorney to properly evaluate all aspects of the Dirty Dough name and packaging design to avoid issues down the road, showing other entrepreneurs the importance of protecting their intellectual property from the start. [20:02] Daughter's Graduation Wins OutMissing his daughter's kindergarten graduation for a meeting wasn't an option. Bennett prioritizes family, setting boundaries to avoid workaholism despite business pressures. His mission is to find joy through challenging times. [24:59] Embracing Failure to Find SuccessBennett shares how dropping out of premed school to pursue door-to-door sales taught him invaluable business lessons through perceived "failures." Although everyone told him it was a mistake, he saw opportunities to learn from each rejection. Resources Mentioned: Dirty Dough 18 Summers Entrepreneurs Circle podcast is an On Air Brands production. On Air Brands is one of the leaders for launch, production, and promotion of top-rated business and real estate investing podcasts. Reach out to On Air Brands here ---> info@onairbrands.com Learn more at: www.onairbrands.com Find and follow Erik at: www.erikcabral.co Download Erik's FREE GUIDE to podcasting at: www.erikcabral.co/guide Check out this show and previous inspiring guests at Entrepreneurs Circle in Apple Podcasts.
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E219: Hacking Human Nature with Henry Washington
May 16, 2022Tap to summarizeGet ready to be amazed by this guy who went from borrowing from his wife’s 401k to now having around 70 rentals in his portfolio – in less than five years! Today, he shares some cheat codes to a great marriage, a highly successful passive income generator, and a happy life. Here are some clues: the right mindset, the right people, and the right strategy. Listen in as Erik Cabral chats with Henry Washington, real estate investor and e-commerce business coach. All it took for Henry was to google “passive income” and watch a TED Talk at three in the morning, about a guy in his 20’s who had it all figured out. At that point, Henry made the decision that forever changed his life. Here are some power takeaways from today’s conversation: Henry’s eureka moment The difference between trying and making the decision The decision to get into real estate Cheat code #1: Changing your mindset about money Cheat code #2: Connecting with real estate investors – consistently Cheat code #3: Investing out of a 401k loan Why banks most likely favor small businesses doing real estate His passion to share his knowledge with as many people as possible Henry’s popular interview on the Bigger Pockets podcast Lessons from failures Episode Highlights: Cheat Code #1: Change Your Mindset About Money Decide to pay yourself first, and when you do that, you’re forcing yourself to figure out a way to make the rest of your budget work. It might also force you to get creative about how you make money and how you spend money. Cheat Code #2: Connect with Real Estate Investors – Consistently! We take on the characteristics of the five people closest to us. If you're in those rooms constantly, you're going to start to be and do what's around you. It’s human nature, so hack it and take advantage of it. Religiously attend meetings and connect with real estate investors consistently and you will start to make a name for yourself. People start to notice and associate you with a successful investor, even if you've never done a deal, because you're there every single time. Deal flow will come to you if you're consistently in these rooms. Plus opportunities will come your way. But you can't just go once or twice. Most people who walk into the room think it’s just a “me” and don’t realize it’s actually a “we.” Consistency creates relationships and trust, and so people need to see you all the time. Cheat Code #3: Hack That 401k! You can take your money out of your 401k loan. Although you’re borrowing it at a set interest rate, it's still your money. So the interest you’re going to pay back goes back to you. Your employer takes the money directly out of your paycheck, and they take it pre-tax, reducing your taxable income so that's a benefit to you. Then once you buy a property and keep it as a rental, the cash flow is technically paying back your 401k loan. Resources Mentioned: www.podfestexpo.com/invest Henry’s interview on the BiggerPockets: https://www.biggerpockets.com/blog/biggerpockets-podcast-366-henry-washington Instagram: www.instagram.com/thehenrywashington TED Talk: Design Your Dream Life Through Passive Income Rich Dad Poor Dad by Robert Kiyosaki
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