*** Named a Best Podcast By The New York Times, Time Magazine, Real Simple and MSNBC *** Host Farnoosh Torabi is an award-winning financial strategist, TV host and bestselling author. Her newest book is entitled A Healthy State of Panic. With over 30 million downloads and multiple Webby wins, So Money is dedicated to sharing inspiring money strategies and stories straight from today's financial leaders, bestselling authors and entrepreneurs. One day, hear an intimate money conversation with industry greats like Queen Latifah, Barbara Corcoran or Margaret Cho. Another day learn the basics of cryptocurrency and its impact on our wallets. On Fridays, tune in as Farnoosh answers our most pressing financial questions about saving, investing and building wealth. Advice and insights always delivered through a lens of equity, inclusivity and the changing world we live in. Want more? Join the So Money Members Club at SoMoneyMembers.com.
http://somoneypodcast.com
726: Cousins Maine Lobster, Shark Tank Winners
Have you ever had one too many drinks with friends and come up with an absolutely brilliant business idea that you then launch and six years later becomes an international, $20 million dollar brand? You think I’m kidding. Today I’m interviewing two of the most famous cousins in the business world, Sabin Lomac and Jim Tselikis, co-founders of Cousins Maine Lobster. You may know them from one of the early episodes of Shark Tank. Barbara Corcoran ended up taking a stake in their then 2-month old business. Since then they started franchising, opening brick & mortar restaurants, and now they’ve published a book called Cousins Maine Lobster: How One Food Truck Became a Multi-Million Dollar Business.
Sabin and Jim grew up together in Maine eating lobster off paper plates all throughout their childhoods. They went to college and started separate careers in different states and went a few years without much interaction. However, that all changed when Jim flew to LA where Sabin lived and asked him if he wanted to go out to eat dinner to catch up. That infamous dinner - which inlcuded more than a few drinks - was when they hatched the idea for their business.
We discuss how they prepared for Shark Tank, their biggest money mistakes and the big-ticket item they’re both saving up for now.
Visit www.somoneypodcast.com for more.
Learn more about your ad choices. Visit megaphone.fm/adchoices