Podcast
The Foundr Podcast with Nathan Chan
Hosted by Foundr Media · EN
Hear the stories, learn the proven methods, and accelerate your growth and future through entrepreneurship. Welcome to The Foundr Podcast with Nathan Chan.
About the show:
For over a decade, The Foundr Podcast with Nathan Chan has been a leading entrepreneurship podcast for open-book conversations with, by, and for founders. Whether you're starting, building, or dreaming about your business, The Foundr Podcast is where you can access experienced founders who've been in your shoes to learn their proven methods, lessons from failure, and inspirational stories.
Past guests include Emma Grede, Mark Cuban, Neil Patel, Kendra Scott, Alex Hormozi, Trinny Woodall, Tim Ferriss, Sophia Amoruso, Simon Sinek, Tony Robbins, Amy Porterfield, Ed Mylett, Michelle Zatlyn, Reid Hoffman, Scooter Braun, Dany Garcia, Marc Lore, Ariana Huffington, Pat Flynn, Lewis Howes, Jordan Harbinger, and many more.
About the host:
Nathan Chan is the CEO of Foundr and the creator of The Foundr Podcast. Chan literally started from knowing nothing. He was just an average guy working in a 9-5 job he utterly hated. He knew nothing about entrepreneurship, nothing about startups, nothing about marketing, and nothing about online or how to build a business. In the past decade, Chan's built Foundr into a global leader in entrepreneurial education, helping tens of thousands of aspiring entrepreneurs start and scale their businesses.
Need help with your business?
Visit foundr.com/foundrplustrial to join a global community of entrepreneurs, gain access to proven strategies, and fast-track your business growth confidently.
160episodes
Episodes
Newest firstAll episodes
651: From 7 Years In Recruitment To $60K In 6 Months Selling Mouth Tape
Apr 1500:30:32Summary readyMichael Forshaw read a book, taped his mouth shut every night for a year, and then built a business out of it — launching Breath Sleep Tape from idea to live store in just ten weeks. A recruiter by trade with zero experience in e-commerce, digital marketing, or product development, Michael turned a personal obsession with nasal breathing into a brand that hit $60,000 in its first six months. The product? A sleep tape designed to keep your mouth closed at night — something that sounds strange until you realise an estimated 70% of people breathe through their mouths while they sleep. In this episode, Michael gets real about what it took to get there — an $8-10K first production run, the customer objection that completely changed his product design, and why two years in he deliberately pulled back on paid ads to focus on something more sustainable. What you'll learn in this interview: How reading a single book sparked a product idea — and the one-year personal experiment that confirmed it was worth building Why launching in ten weeks is possible, and what actually has to happen to pull it off The customer objection during validation that led to a physical product change — and the lesson it holds for every early-stage founder How to source and test manufacturers on Alibaba, what red flags to look for, and why Michael stuck with the supplier that had the best communication The real cost of getting started: an $8-10K first run, 50% upfront, and what you get for it Why Google Ads outperformed Meta for a niche health product — and what that says about intent-driven buying How bundles, combo deals, and a free intro pack helped lift average order value on a naturally low-ticket item The honest reflection on paid ads: why chasing top-line revenue made the business harder, not better What two years of building taught Michael about skills, confidence, and why personal growth might be the biggest ROI of starting a brand Why the number you're chasing at the start is probably focused on the wrong thing If you're early in your journey — or still sitting on an idea — this episode will change how you think about what a successful launch actually looks like, and why starting small and staying close to your customer beats scaling fast every time. SAVE 50% ON OMNISEND FOR 3 MONTHS Get 50% off your first 3 months of email and SMS marketing with Omnisend with the code FOUNDR50. Just head to https://your.omnisend.com/foundr to get started. WANT TO GROW YOUR BRAND WITH META ADS? Join the Foundr Operators Waitlist → https://foundr.com/operators HOW WE CAN HELP YOU SCALE YOUR BUSINESS FASTER Learn directly from 7, 8 & 9-figure founders inside Foundr+ Start your $1 trial → https://www.foundr.com/startdollartrial PREFER A CUSTOM ROADMAP AND 1-ON-1 COACHING? → Starting from scratch? Apply here → https://foundr.com/pages/coaching-start-application → Already have a store? Apply here → https://foundr.com/pages/coaching-growth-application CONNECT WITH MICHAEL FORSHAW LinkedIn → https://www.linkedin.com/in/michael-forshaw-3b5884126/ Website → https://breathsleeptape.com/ FOLLOW FOUNDR FOR MORE BUSINESS GROWTH STRATEGIES YouTube → https://bit.ly/2uyvzdt Website → https://www.foundr.com Instagram → https://www.instagram.com/foundr/ Facebook → https://www.facebook.com/foundr Twitter → https://www.twitter.com/foundr LinkedIn → https://www.linkedin.com/company/foundr/ Podcast → https://www.foundr.com/podcast
Summary
650: The Lie About Social Media Growth (And What Actually Works in 2026)
Apr 1300:10:42Summary readyMost founders are still treating social media as a vanity channel — a place for likes, views, and followers. And here's the tough truth: if your social media isn't converting into customers, subscribers, or owned audience, you're building on rented land. And that's incredibly risky. I talked to a founder today who's been building his business for a couple of years. He's got Facebook ads running, active social media channels — but he doesn't have a large email list. And that's a massive problem. Because algorithms change, platforms evolve, and accounts get deleted overnight. I've lost a lot of money relying on these platforms back in the day, and I've seen it happen to some of the smartest creators I know. In this episode, I break down why social media should no longer be just about organic reach, how to measure performance properly, and why tools like ManyChat and strong CTAs are essential for e-commerce brands in 2026. Here's what you'll take away: • Why Instagram's new affiliate tagging feature changes the game — and how to track performance from social to sales • The shift from vanity metrics to revenue metrics: leads, conversations, clicks, email subscribers, and purchases • Why social media is rented land but your email list is an owned asset — and the stories of founders who lost everything overnight • How to think about social content as a funnel: top, middle, and bottom of funnel content with intentional CTAs • Why the moment of highest engagement is when you need to capture — not hope they find you again • How ManyChat automates conversations and guides users through your funnel (DMs, keyword triggers, coupon codes, email opt-ins) • The metrics that actually matter in 2026: email subscribers, website clicks, DM conversations, lead magnet opt-ins, and customer acquisition If you're obsessing over views and followers but not building owned assets, this episode will shift how you think about social media — from a reach channel to a conversion channel. If you're loving this solo series, I'd love to hear your feedback. Email me directly at nathan@foundr.com — I read every reply. Hope you enjoy it. SAVE 50% ON OMNISEND FOR 3 MONTHS Get 50% off your first 3 months of email and SMS marketing with Omnisend with the code FOUNDR50. Just head to https://your.omnisend.com/foundr to get started. WANT TO GROW YOUR BRAND WITH META ADS? Join the Foundr Operators Waitlist → https://foundr.com/operators HOW WE CAN HELP YOU SCALE YOUR BUSINESS FASTER Learn directly from 7, 8 & 9-figure founders inside Foundr+ Start your $1 trial → https://www.foundr.com/startdollartrial PREFER A CUSTOM ROADMAP AND 1-ON-1 COACHING? → Starting from scratch? Apply here → https://foundr.com/pages/coaching-start-application → Already have a store? Apply here → https://foundr.com/pages/coaching-growth-application CONNECT WITH NATHAN CHAN Instagram → https://www.instagram.com/nathanchan LinkedIn → https://www.linkedin.com/in/nathanhchan/ FOLLOW FOUNDR FOR MORE BUSINESS GROWTH STRATEGIES YouTube → https://bit.ly/2uyvzdt Website → https://www.foundr.com Instagram → https://www.instagram.com/foundr/ Facebook → https://www.facebook.com/foundr Twitter → https://www.twitter.com/foundr LinkedIn → https://www.linkedin.com/company/foundr/ Podcast → https://www.foundr.com/podcast
Summary
649: We Had 3 Weeks Left… This Saved My $35M/Year Company
Apr 900:52:58Summary readyChristina Stembel built Farmgirl Flowers into a $55 million bootstrapped business by 2021, betting on simplicity, direct-to-consumer, and zero VC money. Then as Covid vaccines became widely available, sales crashed 50% overnight. To save the business, she had just 36 hours to test a radical pivot or go bankrupt in three weeks. She took out a $3.5 million loan, white boarded new distribution models for two days straight, ran a fake scenario on the website for 36 hours, and prayed sales wouldn't drop more than 12%. They dropped 11.6%. The company survived—but Christina's philosophy completely changed. In this raw and honest conversation, the founder of Farmgirl Flowers is back on the Foundr Podcast to break down why she turned down acquisition offers because the industry multiples were insulting, her controversial pivot from chasing $100 million to optimizing for double-digit profit and slow growth, and the brutal lesson she learned hiring an entire C-suite because "that's what you're supposed to do"—then firing them all a year later. What you'll learn in this interview: • How Christina survived a 50% sales collapse in 2021 with a 36-hour pivot test • Why she took out a $3.5 million loan while paying herself $60,000 a year • The exact whiteboarding process she used to rebuild the business model in 48 hours • Why she turned down acquisition offers and what founders need to know about exit comps • How researching industry multiples before you start can change your entire strategy • Why the best comp in her industry was 0.5X revenue—and why that matters • Her pivot from growth-at-all-costs to double-digit profit margins and slow growth • The mistake of hiring an entire C-suite because "that's what you're supposed to do" • Why bootstrapping's superpower is the ability to move fast without 104 investor nos • How she built infrastructure for $75M in sales then watched forecasts collapse overnight • Why she now prioritizes finding the right people and trusting her gut on hiring • Her advice: don't spend more than half of what you think you should If you're building a bootstrapped DTC brand, navigating a crisis pivot, or questioning the growth-at-all-costs narrative, this conversation will fundamentally change how you think about exits, profitability, and building a business you actually want to run. SAVE 50% ON OMNISEND FOR 3 MONTHS Get 50% off your first 3 months of email and SMS marketing with Omnisend with the code FOUNDR50. Just head to https://your.omnisend.com/foundr to get started. WANT TO GROW YOUR BRAND WITH META ADS? Join the Foundr Operators Waitlist → https://foundr.com/operators HOW WE CAN HELP YOU SCALE YOUR BUSINESS FASTER Learn directly from 7, 8 & 9-figure founders inside Foundr+ Start your $1 trial → https://www.foundr.com/startdollartrial PREFER A CUSTOM ROADMAP AND 1-ON-1 COACHING? → Starting from scratch? Apply here → https://foundr.com/pages/coaching-start-application → Already have a store? Apply here → https://foundr.com/pages/coaching-growth-application CONNECT WITH NATHAN CHAN Instagram → https://www.instagram.com/nathanchan LinkedIn → https://www.linkedin.com/in/nathanhchan/ CONNECT WITH CHRISTINA STEMBEL Instagram → https://www.instagram.com/farmgirlflowers/ Christina's Instagram → https://www.instagram.com/christinastembel/ LinkedIn → https://www.linkedin.com/in/christina-stembel Website → https://www.farmgirlflowers.com/ FOLLOW FOUNDR FOR MORE BUSINESS GROWTH STRATEGIES YouTube → https://bit.ly/2uyvzdt Website → https://www.foundr.com Instagram → https://www.instagram.com/foundr/ Facebook → https://www.facebook.com/foundr Twitter → https://www.twitter.com/foundr LinkedIn → https://www.linkedin.com/company/foundr/ Podcast → https://www.foundr.com/podcast
Summary
648: (Solo) Why the Best Brands Create Moments, Not Just Products
Apr 600:07:55Summary readyThe brands that win don't just deliver products. They create moments. And once you see this pattern, you start noticing it everywhere. I recently came across a concept from one of our course instructors, Camille Moore, called the overflow effect. It's simple but incredibly powerful, and it highlights a key truth about building brands in 2026: most e-commerce founders focus heavily on the product, the price, the ads, and the website all important but they overlook the experience. More specifically, the surprise and delight of how you make people feel. In this episode, I break down why this works so well and how you can apply it to your own brand to create moments that people remember, talk about, and come back for. Here's what you'll take away: The overflow effect explained: why a burger chain's "extra fries" strategy creates surprise, delight, and generosity How the law of reciprocity works: when you give more than expected, people naturally want to give something back (reviews, word of mouth, repeat purchases) Why asymmetric upside matters: a small cost (extra fries, a Tim Tam, a handwritten note) creates a disproportionately large return The difference between good brands and iconic brands: they make you feel something — surprised, delighted, understood, excited Why meeting expectations isn't enough in today's market — the brands that grow faster create memorable moments How to apply the overflow effect: unexpected bonuses, over-delivering on packaging, thoughtful gestures that feel intentional The big truth: people hate to be sold to, but they love to buy — so how can you make the buying experience joyful? If you want to build a brand that stands out, creates loyalty, and drives word of mouth, this episode will show you how to turn transactions into memorable experiences. If you want to learn directly from Camille Moore, you can dive into her course Ecommerce Branding Blueprint available exclusively inside Foundr+ Membership. You can access it here: https://www.foundr.com/startdollartrial If you’re enjoying this solo series, I’d really appreciate it if you could take a moment to rate and review the episode it helps us reach more founders like you. Thanks so much for listening, and I hope you enjoy it. SAVE 50% ON OMNISEND FOR 3 MONTHS Get 50% off your first 3 months of email and SMS marketing with Omnisend with the code FOUNDR50. Just head to https://your.omnisend.com/foundr to get started. WANT TO GROW YOUR BRAND WITH META ADS? Join the Foundr Operators Waitlist → https://foundr.com/operators HOW WE CAN HELP YOU SCALE YOUR BUSINESS FASTER Learn directly from 7, 8 & 9-figure founders inside Foundr+ Start your $1 trial → https://www.foundr.com/startdollartrial PREFER A CUSTOM ROADMAP AND 1-ON-1 COACHING? → Starting from scratch? Apply here → https://foundr.com/pages/coaching-start-application → Already have a store? Apply here → https://foundr.com/pages/coaching-growth-application CONNECT WITH NATHAN CHAN Instagram → https://www.instagram.com/nathanchan LinkedIn → https://www.linkedin.com/in/nathanhchan/ FOLLOW FOUNDR FOR MORE BUSINESS GROWTH STRATEGIES YouTube → https://bit.ly/2uyvzdt Website → https://www.foundr.com Instagram → https://www.instagram.com/foundr/ Facebook → https://www.facebook.com/foundr Twitter → https://www.twitter.com/foundr LinkedIn → https://www.linkedin.com/company/foundr/ Podcast → https://www.foundr.com/podcast
Summary
647: I Started a Jewelry Brand With $25K and the WRONG Business Model | Noura Sakkijha
Apr 200:48:13Summary readyNoura Sakkijha is a third generation jeweler who realized the entire fine jewelry industry was fundamentally broken—built on the outdated idea that men buy diamonds for women, not that women buy the diamonds themselves. In 2013, she launched Mejuri with a radical mission: create fine jewelry for women to buy for themselves. What started as a crowdsourcing platform quickly pivoted after just one year when sales didn't materialize. Over 11 years, Mejuri has sold 6.5 million pieces of jewelry and is now expanding globally. In this interview, the founder and CEO of Mejuri breaks down why she completely pivoted the business model after realizing there was no product-market fit, the brutal 2021 lesson about hiring ahead of growth that forced her to revise her entire approach to team building, and why she now refuses to hire until the team feels real pain. What you'll learn in this interview: • Why Noura pivoted from a crowdsourcing platform to direct-to-consumer after one year • How she started Mejuri with a $25,000 CAD grant while working full time • The moment she realized building a brand requires a specific POV and staying consistent • Why she prioritizes culture fit over skills when hiring every single time • The 2021 market crash lesson: why hiring ahead of growth is dangerous advice • How she rebuilt her hiring philosophy around waiting until the team feels pain • Why a bad culture hire creates noise that kills momentum and collaboration • Her mission to build one of the most loved jewelry brands in the world • How Mejuri is expanding internationally into Australia and the Middle East • Why she obsesses about brand distinctiveness more than ever in changing markets • Her biggest regret: returning to work three months postpartum instead of taking more time • Why 50% of the work is just showing up every single day and doing your best If you're building a DTC brand, navigating team growth decisions, or trying to challenge an industry that's been doing things the same way for generations, this conversation will fundamentally change how you think about brand building, hiring strategy, and sustainable scaling. SAVE 50% ON OMNISEND FOR 3 MONTHS Get 50% off your first 3 months of email and SMS marketing with Omnisend with the code FOUNDR50. Just head to https://your.omnisend.com/foundr to get started. WANT TO GROW YOUR BRAND WITH META ADS? Join the Foundr Operators Waitlist → https://foundr.com/operators HOW WE CAN HELP YOU SCALE YOUR BUSINESS FASTER Learn directly from 7, 8 & 9-figure founders inside Foundr+ Start your $1 trial → https://www.foundr.com/startdollartrial PREFER A CUSTOM ROADMAP AND 1-ON-1 COACHING? → Starting from scratch? Apply here → https://foundr.com/pages/coaching-start-application → Already have a store? Apply here → https://foundr.com/pages/coaching-growth-application CONNECT WITH NATHAN CHAN Instagram → https://www.instagram.com/nathanchan LinkedIn → https://www.linkedin.com/in/nathanhchan/ CONNECT WITH NOURA SAKKIJHA Instagram → https://www.instagram.com/nourasakkijha/ LinkedIn → https://www.linkedin.com/in/noura-sakkijha-8b229741/ Website → https://mejuri.com/ FOLLOW FOUNDR FOR MORE BUSINESS GROWTH STRATEGIES YouTube → https://bit.ly/2uyvzdt Website → https://www.foundr.com Instagram → https://www.instagram.com/foundr/ Facebook → https://www.facebook.com/foundr Twitter → https://www.twitter.com/foundr LinkedIn → https://www.linkedin.com/company/foundr/ Podcast → https://www.foundr.com/podcast
Summary
646: How Jesse Built A $450K/Year Brand Whilst Still Working in the Mines
Apr 100:32:27Summary readyMost people with a full-time job, 14-hour shifts, and zero business experience don't start a brand — Jesse did, and he's closing in on half a million dollars a year to prove it. After 16 years working in the mining industry, Jesse knew the gear handed to workers on site was genuinely not fit for purpose. So he did something about it, building Wolf Workwear — durable, functional workwear for heavy industries — one hour at a time between fly-in, fly-out shifts. He still hasn't quit his day job. He's doing it anyway. In this episode, Jesse gets brutally honest about what those first two and a half years actually looked like — overspending $40-50K on a launch, building 4,000 Instagram followers who had zero intention of buying anything, and the UGC pivot that changed everything overnight. What you'll learn in this interview: Why 4,000 followers didn't translate to sales — and the critical difference between an engaged audience and a buying one How Jesse validated his product idea by handing samples to his workmates on site before ever building a brand The real cost of launching with too much conviction: a $40-50K first run and what he'd do differently How to build a business on 1-2 hours a day while working 14-hour shifts — and where to spend that time first Why switching from static product shots to UGC ads was an overnight game changer for paid performance How to find and iterate products on Alibaba without a design background — function and comfort as your only brief The B2B opportunity hiding inside a D2C brand, and how supplying mining companies unlocked a second revenue stream Why disappointing a customer hurts more than any slow sales period — and what that tells you about building a brand worth caring about The honest maths behind staying in your day job longer than everyone says you should What it actually feels like to build something from nothing when nobody's watching yet If you're trying to build something real around a full-time job and wondering whether it's worth the grind — this episode will change how you think about time, patience, and what early traction actually looks like. Jesse's story is proof that you don't need the perfect conditions. You just need to start. SAVE 50% ON OMNISEND FOR 3 MONTHS Get 50% off your first 3 months of email and SMS marketing with Omnisend with the code FOUNDR50. Just head to https://your.omnisend.com/foundr to get started. WANT TO GROW YOUR BRAND WITH META ADS? Join the Foundr Operators Waitlist → https://foundr.com/operators HOW WE CAN HELP YOU SCALE YOUR BUSINESS FASTER Learn directly from 7, 8 & 9-figure founders inside Foundr+ Start your $1 trial → https://www.foundr.com/startdollartrial PREFER A CUSTOM ROADMAP AND 1-ON-1 COACHING? → Starting from scratch? Apply here → https://foundr.com/pages/coaching-start-application → Already have a store? Apply here → https://foundr.com/pages/coaching-growth-application CONNECT WITH JESSIE LIM Instagram → https://www.instagram.com/wolf_workwear/ Website → https://wolfworkwear.com/ FOLLOW FOUNDR FOR MORE BUSINESS GROWTH STRATEGIES YouTube → https://bit.ly/2uyvzdt Website → https://www.foundr.com Instagram → https://www.instagram.com/foundr/ Facebook → https://www.facebook.com/foundr Twitter → https://www.twitter.com/foundr LinkedIn → https://www.linkedin.com/company/foundr/ Podcast → https://www.foundr.com/podcast
Summary
645: (Solo) Why Your Email List Is Your Most Valuable Asset in 2026
Mar 3000:09:06Summary readyEmail marketing doesn't sound flashy. It's not the newest channel, not the trendiest platform, and it definitely doesn't get the same attention as TikTok, Instagram, or Meta ads. But that's exactly why it's so powerful. Here's the truth: while most founders are chasing reach on social media, the smartest ones are quietly building something much more valuable — an owned audience they can reach directly, not through an algorithm or platform. It's not rented. It's a relationship they control. And in a world where social platforms change constantly, this kind of ownership is incredibly valuable for your brand. In this episode, I share the lesson I learned early on at Foundr that changed everything — and why your email list, even if it's small, is one of the most powerful assets you can build in 2026. Here's what you'll take away: The story of how I learned the power of email from a mentor who asked, "How many names do you have on your list?" Why an email list isn't just about names — it's about the relationship and permission to show up in someone's inbox The revenue benchmark: you should be generating at least 20-30% of your total revenue from email marketing The biggest mistakes founders make: not optimizing flows, not running enough campaigns, and treating email as an afterthought How to build your email list: exit intent pop-ups, quizzes, giveaways, waitlists, exclusive offers, and educational content Why it doesn't cost more to generate sales from email — and how optimizing this channel is low-hanging fruit The golden rule: build your list and treat it like gold, but never abuse the relationship If you're not generating at least 20% of your revenue from email, or you've been neglecting this channel while chasing social growth, this episode will show you why email is still the most valuable asset you can own. If you're loving this solo series, I'd love to hear your feedback. Email me directly at nathan@foundr.com — I read every reply. Hope you enjoy it. SAVE 50% ON OMNISEND FOR 3 MONTHS Get 50% off your first 3 months of email and SMS marketing with Omnisend with the code FOUNDR50. Just head to https://your.omnisend.com/foundr to get started. WANT TO GROW YOUR BRAND WITH META ADS? Join the Foundr Operators Waitlist → https://foundr.com/operators HOW WE CAN HELP YOU SCALE YOUR BUSINESS FASTER Learn directly from 7, 8 & 9-figure founders inside Foundr+ Start your $1 trial → https://www.foundr.com/startdollartrial PREFER A CUSTOM ROADMAP AND 1-ON-1 COACHING? → Starting from scratch? Apply here → https://foundr.com/pages/coaching-start-application → Already have a store? Apply here → https://foundr.com/pages/coaching-growth-application CONNECT WITH NATHAN CHAN Instagram → https://www.instagram.com/nathanchan LinkedIn → https://www.linkedin.com/in/nathanhchan/ FOLLOW FOUNDR FOR MORE BUSINESS GROWTH STRATEGIES YouTube → https://bit.ly/2uyvzdt Website → https://www.foundr.com Instagram → https://www.instagram.com/foundr/ Facebook → https://www.facebook.com/foundr Twitter → https://www.twitter.com/foundr LinkedIn → https://www.linkedin.com/company/foundr/ Podcast → https://www.foundr.com/podcast
Summary
644: This FBI Negotiation Trick Gets People to Say YES (By Saying NO) | Chris Voss
Mar 2600:52:22Summary readyChris Voss spent decades as the FBI's lead international kidnapping negotiator, where a single wrong word could cost someone's life. After talking down armed bank robbers and negotiating with terrorists, he discovered something critical: the rational bargaining models taught in business schools don't just fail—they're dangerous. Compromise is guaranteed lose-lose. Win-win deals are often code for "I'm picking your pocket." And everything you've been taught about getting to yes is actually destroying your leverage and costing you millions without you even realizing it. In this interview, the former FBI negotiator and author of Never Split the Difference breaks down why forcing someone to say "no" is more powerful than chasing a yes, the exact calibrated questions that make aggressive counterparts solve your problems for you, and how to spot the verbal and tonal cues that reveal when someone is lying or hiding critical deal information. What you'll learn in this interview: • Why compromise is guaranteed lose-lose and destroys value in negotiations • How cutthroat negotiators use "win-win" terminology to pick your pocket • Why Chris responds with "mutual gain" instead of accepting win-win framing • The Black Swan skills: tiny tweaks that massively accelerate trust and profitability • How to gather information without making people feel questioned • Why asking questions decreases trust and what to do instead • The power of mirroring: repeating the last 1-3 words to uncover hidden information • How to use calibrated questions to make counterparts solve your problems • Why focusing on terms instead of price creates more profitable deals • The one negotiation habit that compounds over decades: summarizing their perspective • How to get "that's right" confirmations that create instant collaboration • Why understanding their perspective accelerates deals and employee alignment If you're raising capital, hiring executives, negotiating supplier deals, closing enterprise contracts, or navigating any high-stakes conversation, this episode will completely rewire how you communicate under pressure and extract value from every interaction. SAVE 50% ON OMNISEND FOR 3 MONTHS Get 50% off your first 3 months of email and SMS marketing with Omnisend with the code FOUNDR50. Just head to https://your.omnisend.com/foundr to get started. WANT TO GROW YOUR BRAND WITH META ADS? Join the Foundr Operators Waitlist → https://foundr.com/operators WANT TO GROW YOUR BRAND WITH META ADS? Join the Foundr Operators Waitlist → https://foundr.com/operators HOW WE CAN HELP YOU SCALE YOUR BUSINESS FASTER Learn directly from 7, 8 & 9-figure founders inside Foundr+ Start your $1 trial → https://www.foundr.com/startdollartrial PREFER A CUSTOM ROADMAP AND 1-ON-1 COACHING? → Starting from scratch? Apply here → https://foundr.com/pages/coaching-start-application → Already have a store? Apply here → https://foundr.com/pages/coaching-growth-application CONNECT WITH NATHAN CHAN Instagram → https://www.instagram.com/nathanchan LinkedIn → https://www.linkedin.com/in/nathanhchan/ CONNECT WITH CHRIS VOSS Instagram → https://www.instagram.com/thefbinegotiator/ LinkedIn → https://www.linkedin.com/in/christophervoss FOLLOW FOUNDR FOR MORE BUSINESS GROWTH STRATEGIES YouTube → https://bit.ly/2uyvzdt Website → https://www.foundr.com Instagram → https://www.instagram.com/foundr/ Facebook → https://www.facebook.com/foundr Twitter → https://www.twitter.com/foundr LinkedIn → https://www.linkedin.com/company/foundr/ Podcast → https://www.foundr.com/podcast
Summary
643: (Solo) Why Profitable Businesses Still Fail (And How to Avoid It)
Mar 2300:12:04Summary readyMost founders think if their company is profitable on paper, they're safe. But here's the truth I learned the hard way: businesses don't fail because they're unprofitable. They fail because they run out of cash. I had a really good run for about 6-7 years at Foundr before I ever faced a serious cash crunch. And when it hit, it was terrifying — that feeling when you don't know if you're going to make payroll is something I'll never forget. You can have strong revenue, good margins, be growing, and technically be profitable — but if the timing of when cash comes in and goes out isn't managed correctly, you can find yourself in serious trouble. In this episode, I break down why cash flow is the number one thing founders need to obsess over, and the practical moves you can make to manage it better before it becomes a crisis. Here's what you'll take away: • Why revenue is exciting but cash flow is what keeps your business alive — the timing gap can suffocate you • How e-commerce founders experience cash pressure differently: inventory upfront, ads before sales, seasonality cycles • Why scaling too aggressively with ads can grow your revenue while shrinking your bank balance • The unit economics you need to obsess over: contribution margin, payback periods, and CAC • Why subscription models and high-margin products (70-80%+) give you breathing room to scale profitably • Practical cash flow moves: negotiate payment terms, cut software bloat, increase AOV, optimize conversion rates • The cash buffer rule: maintain 2-3 months of operating costs in reserves and secure lines of credit before you need them • Why you should always plan for worst-case scenarios, not best-case forecasts If you've ever felt stressed even when your business looks healthy from the outside, or you're scaling fast but the bank balance tells a different story, this episode will show you how to build a sustainable business that doesn't just look good on paper. If you're loving this solo series, I'd love to hear your feedback. Email me directly at nathan@foundr.com — I read every reply. Hope you enjoy it. SAVE 50% ON OMNISEND FOR 3 MONTHS Get 50% off your first 3 months of email and SMS marketing with Omnisend with the code FOUNDR50. Just head to https://your.omnisend.com/foundr to get started. WANT TO GROW YOUR BRAND WITH META ADS? Join the Foundr Operators Waitlist → https://foundr.com/operators HOW WE CAN HELP YOU SCALE YOUR BUSINESS FASTER Learn directly from 7, 8 & 9-figure founders inside Foundr+ Start your $1 trial → https://www.foundr.com/startdollartrial PREFER A CUSTOM ROADMAP AND 1-ON-1 COACHING? → Starting from scratch? Apply here → https://foundr.com/pages/coaching-start-application → Already have a store? Apply here → https://foundr.com/pages/coaching-growth-application CONNECT WITH NATHAN CHAN Instagram → https://www.instagram.com/nathanchan LinkedIn → https://www.linkedin.com/in/nathanhchan/ FOLLOW FOUNDR FOR MORE BUSINESS GROWTH STRATEGIES YouTube → https://bit.ly/2uyvzdt Website → https://www.foundr.com Instagram → https://www.instagram.com/foundr/ Facebook → https://www.facebook.com/foundr Twitter → https://www.twitter.com/foundr LinkedIn → https://www.linkedin.com/company/foundr/ Podcast → https://www.foundr.com/podcast
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642: I Quit My 15 Year Career To Build a Jewelry Business — and Hit $400,000 in My First Year
Mar 1900:59:31Summary readyRosie Collins had a Christmas epiphany about baby shower gifts—every present focused on the baby, never the mom. That single observation turned into Deja Marc, a multimillion-dollar personalized jewelry brand that captures fingerprints, handwriting, and meaningful moments in elegant, timeless pieces. Within a year, she hit $400,000 in revenue while working full time. The secret? An engraving fairy she never actually met who packed orders while Rosie was at work, and an obsessive focus on mastering the craft before outsourcing anything. In this interview, the founder of Deja Marc breaks down how she built this customer-obsessed brand without burning out, why she tracks MER (marketing efficiency ratio) over ROAS as her primary metric, and her counterintuitive take on Black Friday promotions—why doing 40 hours instead of two weeks can deliver the same results without destroying your team or margins. What you'll learn in this interview: How a Christmas epiphany about baby shower gifts sparked a multimillion-dollar brand Why Rosie quit her agency job after hitting $400K in year one How she found an "engraving fairy" to pack orders while she worked full time Why mastering the craft yourself before outsourcing is critical How she built a relationship with her first supplier that still lasts today Why she tracks MER (marketing efficiency ratio) instead of ROAS Her approach to Black Friday: 40 hours vs two weeks of promotions How organic contribution to paid marketing changes profitability Why she believes in building expertise in-house before delegating The importance of unit economics and sustainable growth over hustle If you're building a product-based business, juggling full-time work with side hustle ambitions, or trying to scale profitably without burning out, this conversation will fundamentally change how you think about sustainable growth, customer obsession, and building a brand that lasts. SAVE 50% ON OMNISEND FOR 3 MONTHS Get 50% off your first 3 months of email and SMS marketing with Omnisend with the code FOUNDR50. Just head to https://your.omnisend.com/foundr to get started. WANT TO GROW YOUR BRAND WITH META ADS? Join the Foundr Operators Waitlist → https://foundr.com/operators HOW WE CAN HELP YOU SCALE YOUR BUSINESS FASTER Learn directly from 7, 8 & 9-figure founders inside Foundr+ Start your $1 trial → https://www.foundr.com/startdollartrial PREFER A CUSTOM ROADMAP AND 1-ON-1 COACHING? → Starting from scratch? Apply here → https://foundr.com/pages/coaching-start-application → Already have a store? Apply here → https://foundr.com/pages/coaching-growth-application CONNECT WITH NATHAN CHAN Instagram → https://www.instagram.com/nathanchan LinkedIn → https://www.linkedin.com/in/nathanhchan/ CONNECT WITH ROSIE COLLINS Instagram → https://www.instagram.com/rosie.c._/ Instagram → https://www.instagram.com/dejamarc/ Website → https://dejamarc.com/ FOLLOW FOUNDR FOR MORE BUSINESS GROWTH STRATEGIES YouTube → https://bit.ly/2uyvzdt Website → https://www.foundr.com Instagram → https://www.instagram.com/foundr/ Facebook → https://www.facebook.com/foundr Twitter → https://www.twitter.com/foundr LinkedIn → https://www.linkedin.com/company/foundr/ Podcast → https://www.foundr.com/podcast
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