A plumber paid $500,000 to Grant Cardone's 10X program to scale his business to $30-40 million. Cardone's team told him to abandon plumbing, become a social media creator, and hire for services he didn't know. The business collapsed, his marriage fell apart, and Tommy Dobczyk says Cardone copied his framework without delivering results.
Chapters
Are you in the deal room? Somebody that went through the Grant Cardone 10X program went out of business. So Grant Cardone has his 10X program, and this guy was a trades, trades company, a service company. He was a plumber. He was a plumbing company. Plumbing company was making between $3 million, $4 million gross revenue a year. And this goes to my Contractor Scale Up, right? This is the plan that I gave Brandon Dawson and Grant Cardone's team in the Cardone Ventures building. During a private closed-door meeting with them, and they turned around and turned it into 10x plumbing, 10x HVAC, 10x whatever, right? So somebody I know in the plumbing industry went and paid for the Grant Cardone 10x deal, and he paid $500,000, and he was supposed to 10x his 3 or 4 million gross revenue to get to a $30, $40 million gross revenue. It's been 6 years, 4 years, been 4 years, and he's out of business, 100% out of business, lost everything. And I was like, what happened, dude? Dude. And he's like, when I got there, they told me I was doing everything wrong and how I needed to forget everything I learned to get here, and they needed me to do all these other things— become a social media guy, become a content provider, do all this, do all that, and fire these people and hire these people. And my quality went down, and they blamed it on me. They kept blaming me for the things that were happening instead of saying their system sucked. And I go, goddamn, man, that sucks. I'm sorry to hear that. And what I realized was They were trying to 3x or 10x a $3 million, $4 million company, like when the guy just simply wanted to get above $10 million. But they painted the picture to him, oh, we'll get you $30 million for plumbing. You know what you got to be to do $30 million, $40 million in revenue a year as a plumbing company? You know how many toilets you got to clean or swap? Like they told him to take on like pump trucks and do stuff he was not an expert at at all. Anyway, he got sold a bag of goods and it ended up costing him his entire business. And his marriage, and it's sad, but I blame, I blame Grant Cardone. I wish there was legality for that. I wish somebody could say, I'm suing you for the damage that you caused my life. But it, it, it, again, this comes back to do your due diligence.
