• 247 Goldy's Closet - Featuring Jimmy John Part 2

  • Sep 24 2024
  • Length: 25 mins
  • Podcast

247 Goldy's Closet - Featuring Jimmy John Part 2

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  • In Part II of Goldy's Closet, we sit down with the legendary Jimmy John, founder of Jimmy John's sandwiches! Jimmy shares how his dad gave him a hardcore ultimatum that really shook things up. He admits he started out as a terrible boss—so bad that his entire team quit, leaving him completely empty-handed. But that was the turning point! Instead of throwing in the towel, Jimmy took control, mastering the ins and outs of running his business. From becoming an accounting whiz to tracking every single expense (yes, even the paper towels!), he turned that disaster into a major success. Now, he's a financially savvy powerhouse, and his journey is full of lessons on what it really takes to thrive! Jimmy John's, entrepreneurship, business growth, investing, hard work, success stories, personal journey, restaurant industry, financial literacy, life lessons Takeaways I had a thousand dollars in the bank when I opened up. I became an accountant master after realizing my bank balance. It was a blessing in disguise that I was a bad boss. I did a hundred and fifty thousand in sales my first year. I bought my dad out for the original investment and ten percent interest. From 83 to 93, I opened up 10 stores. Being an investor is way harder than being a sandwich maker. I only do businesses that I can understand. It's really hard to find great investment opportunities. Go outwork everybody else and quit your bitching. Sound Bites "I'm a fucking millionaire." "It was a blessing in disguise." "I became a millionaire was a byproduct of me just put my head down." Chapters 00:00 Introduction and Background 01:33 The Journey of Jimmy John's 05:20 Growth and Expansion of the Business 08:44 Investing Beyond Sandwiches 12:54 Understanding Investments and Business Ventures 17:01 The Importance of Hard Work and Consistency 20:21 Personal Life and Closing Thoughts
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