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7. How I Acquired a Failing Business and Tripled Sales in Weeks
Manage episode 446691587 series 2595794
Disclaimer: This video contains discussions about hunting and the hunting industry, we understand this may not be suitable for all viewers.
In this episode, I dive into how I acquired a struggling business in the hunting industry and managed to triple its sales within weeks. With decades of entrepreneurial experience, I share why I believed this acquisition was a great opportunity, despite the company’s mismanagement and debt issues.
We discuss:
- Identifying business potential beyond the numbers.
- How trust and aligned incentives are key to a successful partnership.
- The difference between gross margin and net margin and why it matters.
- Why growth is essential for business survival.
I also break down the strategies we used to eliminate barriers to growth and offer insights into my process for structuring deals that create long-term success. If you're interested in learning more, sign up for my newsletter, where I share detailed financials and deeper analysis.
Listen in to hear the story behind this acquisition, my partnership approach, and lessons learned over years of buying and growing businesses.
Sign up for my newsletter HERE https://www.selfstorageincome.com/start-podcast
Links for my new business!
www.velvetantlertechnologies.com
https://www.youtube.com/@velvetantlertechnologies
https://www.instagram.com/velvetantlertechnologies/
Apply here to be a guest on the AJ Osborne podcast! https://form.asana.com/?k=TGU88eU0bFTFW1iHcckuTA&d=1203571084143207
350 επεισόδια
Manage episode 446691587 series 2595794
Disclaimer: This video contains discussions about hunting and the hunting industry, we understand this may not be suitable for all viewers.
In this episode, I dive into how I acquired a struggling business in the hunting industry and managed to triple its sales within weeks. With decades of entrepreneurial experience, I share why I believed this acquisition was a great opportunity, despite the company’s mismanagement and debt issues.
We discuss:
- Identifying business potential beyond the numbers.
- How trust and aligned incentives are key to a successful partnership.
- The difference between gross margin and net margin and why it matters.
- Why growth is essential for business survival.
I also break down the strategies we used to eliminate barriers to growth and offer insights into my process for structuring deals that create long-term success. If you're interested in learning more, sign up for my newsletter, where I share detailed financials and deeper analysis.
Listen in to hear the story behind this acquisition, my partnership approach, and lessons learned over years of buying and growing businesses.
Sign up for my newsletter HERE https://www.selfstorageincome.com/start-podcast
Links for my new business!
www.velvetantlertechnologies.com
https://www.youtube.com/@velvetantlertechnologies
https://www.instagram.com/velvetantlertechnologies/
Apply here to be a guest on the AJ Osborne podcast! https://form.asana.com/?k=TGU88eU0bFTFW1iHcckuTA&d=1203571084143207
350 επεισόδια
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