In this episode, Brock speaks with Rob Wynkoop. After his time in the Marines, Rob went on to start the first franchise of Gyrene Burger, a delivery focused specialty burger chain started by Tom Monaghan, the founder of Domino's Pizza. Rob shares what he learned from Tom and the economics of food delivery before Uber Eats existed. We also talked about government contracting, specifically service disabled veteran owned small businesses, and why that niche isn't as profitable and easy as most people think it is. Lastly, we talked about worm buckets, a worm composting ecommerce company Rob started during COVID.
Episode Resources:
Rob on Twitter: https://twitter.com/robwynkoop
Show Notes:
0:00 Introduction to this episode.
1:18 When is enough? What is your goal? What are you looking for?
4:54 Looking for ownership of something.
11:17 Rob's background in the marines.
13:52 How he met Tom Monaghan and got into the burger business.
19:19 What was the most challenging part of running a fast food restaurant?
22:22 What’s the concept of 100% delivery?
30:09 The three legs of the stool of success.
36:20 What is diversity contracting and how does it work?
40:02 What is government contracting and why is it hard?
46:00 The importance of getting the inside track in government contracting.
48:57 The three ways to be successful in government contracting.
54:55 How do you get into government contracting?
1:00:53 What’s the purchase price of a government contracting small business?
1:04:11 Taking over a SDVOSB.
1:10:52 Worm farming is a success.
1:13:41 Marketing in ecommerce.
1:19:21 Optionality for partnerships.
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The Scuttlebutt Podcast - The podcast for service members and veterans building a life outside the military.
The Scuttlebutt Podcast - The podcast for veterans starting, buying, and scaling businesses. Show host, Brock Briggs, talks with veteran business owners and operators about the specific tactics used in their business and how to apply them.
Get a free weekly breakdown of the tactics from the discussion at https://www.scuttlebuttpodcast.co/.
Follow along:
• Episode & transcript: https://www.scuttlebuttpodcast.co/85-lessons-from-tom-monaghan-and-focusing-on-what-you-have-power-to-change-with-rob-wynkoop/
• Brock: https://www.brockbriggs.com/