
At 29, Success Magazine named me one of America's Youngest, Richest Entrepreneurs. It went straight to my head.
By the time I turned 29, I had built two very successful businesses, and I started to believe I could do no wrong.
My ego got so big, it could have had its own ZIP code, and it blew up with my third startup, Stockwell's, the nation's first chain of frozen food stores.
I put together the DREAM TEAM!
My partner was George Naddaff, the founder of Boston Chicken, which was later renamed Boston Market. I also brought in two great companies that also became investors: M&M Meat Shops, a Canadian franchisor with 250 frozen food store locations, and Vie de France Culinary, now called Cuisine Solutions, known for pioneering sous vide in North America.
By the math, the opportunity was incredible. M&M had 250 locations in Canada, so it was easy to assume that the United States could support 2,500+ locations. I was going to be a billionaire!
If only my ego didn't get in the way.
M&M already had a proven formula, but I was sure I knew better.
M&M found success in rural markets. I chose to open in upscale neighborhoods.
M&M kept prices affordable. I decided to go premium.
The failure was devastating. It humbled me and led to a prolonged depression, which I overcame with time, therapy, and the support of my incredible wife, Cindy.
But it also changed who I am.
I would not be the coach I am today without my Stockwell's experience and the lessons from the nine startups that came after.
Success taught me how to build companies. Failure taught me how founders can get in their own way.
My clients don't need a coach who has never made mistakes. They need someone who can see a problem coming and is willing to be direct and tell them before they repeat the ones I made.