Business Buyer Diaries: the Reality Before, During, and After
<p>Welcome to the Business Buyer Diaries. My name is Nathan Platter, I’m a full-time employee, and I bought a business! I did everything right from finding the deal, handling due diligence on 63 different opportunities, and ultimately buying a profitable gym, and boy was I in for a surprise as a new owner! I chronicle everything in real time, including the biggest wins to the stressful nights at 2am. I’m sharing my journey without sugarcoating anything, so you don’t repeat the same mistakes I do.</p> <p>Join the Business Buyers Club! <br> https://businessbuyersclub.com/memberships <br> Enter code 070499</p> <p>Learn Due Diligence for yourself! <br> https://dealacademy.app.clientclub.net/courses/offers/75e59f69-9746-4b94-a6cd-562bcc9347d1 <br> Enter code</p> <p>SanterMedia, my goto Gym Marketing Agency <br> https://go.santermedia.com/nathan <br> Tell them Nathan sent you!</p>
Episodes
Ever wrestled with the decision to tackle a problem yourself or call in the pros? I sure have, and this week I'm peeling back the curtain on how outsourcing to an expert electrician brought light back to our studio and a significant lesson in time management for me. The art of navigating a business is layered and complex, often requiring a blend of practical decisions and emotional intelligence, especial...
Strap in for an honest journey through the peaks and valleys of entrepreneurship, as we navigate the treacherous financial landscape that comes with the territory. Imagine having to juggle a whopping $25,000 in expenses, with rent, payroll, and loan payments all clamoring for attention simultaneously. It's not just a scenario; it's the reality I face, and in this episode, I pull back the curtain to ...
Strap in for a lesson in leveling up your gym game as this week, I'm laying out the strategic blueprint to broaden your business horizons. Ever considered taking an equity stake in the very partners that power your growth, or is launching your own marketing juggernaut the heavyweight move? Join me as I dissect the delicate dance of dependency versus domination in gym ownership, from the lifeblood of cust...
Ever felt the unease of discussing your income with friends, let alone your employees? That's the can of worms we're cracking open today, as we navigate the treacherous waters of financial transparency in the business world. We tear down the facade to expose the raw nerves of ego, privacy, and the very real fear of backlash that haunts owners when the topic of sharing financials with their team is o...
Picture the pulse of a fitness studio, the sweat, the energy... and then there's the backbone that keeps it standing – the financial planning and sheer grit of leadership. That's where I come in. I'm pulling back the curtain to reveal the riveting world of financial strategies within the fitness industry, sharing the triumphs and trials of running a successful studio. You'll get an earful ...
I'll be the first to admit, the path of a business owner is anything but smooth. On my journey, I've encountered the kind of financial turbulence that keeps you up at night – from the stress of SBA loan payments to the pressure of turning a disheartening loss into a hard-won profit. But within the storm, there's a beacon of hope: the promise of a potential turnaround with new sign-ups offering ...
Struggling with the decision to keep a business afloat while managing family life can feel like being trapped in a tempest, desperately seeking a beacon of hope. That's the raw and honest journey we unpack in our heartfelt dialogue with my mentor. As we navigate the choppy waters of financial strain, we consider a bold maneuver — inviting my wife to leave her job and take the helm at our floundering club...
Imagine waking up before the crack of dawn, the cool bite of pre-dawn air as you shovel the sidewalk outside your business — this is the reality for the passionate franchisees I met recently, a testament to their resilience and dedication. Their stories of determination, peppered with a touch of humor over shared struggles, are the heart and soul of this episode, reminding us all that the joy of our work can ...
Prepare to arm yourself with the truth behind the smoke and mirrors of the business world. Our latest episode is a treasure trove of insider knowledge that could save you from being the next victim of the rampant deceit in the merger and acquisition space. We’ll be lifting the veil on the dark arts of financial manipulation, exposing the tricks used to paint a rosy picture of a company's health. This isn...
Have you ever been blindsided by the harsh realities of entrepreneurship? This unfiltered episode strips away the façade to expose the tribulations business owners like you and me face daily, but seldom discuss. We're bringing to light the internal conflicts and unforeseen challenges that come with the territory – from grappling with lawsuits and dreaded chargebacks to the stomach-dropping prospect of bo...
Staring into the abyss of an emptying bank account, I never imagined the rollercoaster of emotions I'd endure; from the jaw-dropping plummet of losing $10,000 to $13,000 monthly to grasping at the lifelines of credit to extend my financial runway. I lay it all on the table in this episode, sharing the raw and vulnerable side of personal financial risk coupled with the strategies that have kept me afloat....
Life's turbulent seas didn't spare me as I navigated the choppy waters of dwindling business deposits and shrinking revenue. In our latest episode, I lay bare my journey through this storm, revealing the proactive maneuvers that are helping me steer the ship clear of disaster. From meticulous transaction reconciliation to ensuring seamless payroll operations, I combine practical financial tactics wi...
There's a unique kind of solace in the familiar hum of home after days spent in the restless currents of business travels. Join me, as I settle back into the Minnesota chill and reflect on the vibrant contrasts to California's sun-kissed vibrance. This episode is a window into heartfelt exchanges with my wife, Courtney, whose wisdom on managing future anxieties and financial strains is both groundin...
Have you ever stood at the crossroads of a dream and a hard place? Join me as I peel back the layers of entrepreneurship, a journey fraught with the challenge of striking a symphony between business aspirations and the cacophony of life's other roles. In the throes of almost losing everything to a misleading deal, I was forced to navigate the treacherous seas of potential bankruptcy, all while juggling t...
Facing a business crisis head-on requires nerves of steel and a playbook of strategies—something I've learned through the school of hard knocks. In this candid discussion, I pull back the curtain on the real issues plaguing our company, from the gnawing possibility of losing key staff to the financial vise squeezing our studios. But it's not all doom and gloom; I share how our team's readiness,...
Ever feel like you're spinning plates on every limb? Join me on a rollercoaster week where I'm not only darting across the country for my day job but also grappling with some heart-tugging shifts at my beloved studio. Farewells are tough, and bidding adieu to a seasoned team member while welcoming fresh energy into the fold has its mix of bittersweet moments and hopeful beginnings. Amidst the shuffl...
Ever found yourself on the precipice of change, where stepping back meant stepping up for your team? Embark on my candid journey of relinquishing the day-to-day reins, an adventure filled with trust, autonomy, and the occasional stumble. Through the lens of my data analytics-rooted past in corporate America, I recount the transformation of my management style—one that's evolved to prioritize meaningful e...
When life throws everything at you simultaneously, how do you keep your cool and manage the storm? That's precisely the avalanche I found myself under when a member at my fitness studio suffered an injury, my day job hit a critical snag, and a merger shook the very foundations of my franchise. This episode is a candid chronicle of those harrowing fifteen minutes and the tumultuous aftermath, offering a g...
Discover the legal landmines hidden in the world of business franchising as a seasoned tech investor and I compare notes on a potential acquisition that's more than meets the eye. This conversation takes us on a deep dive into the ethical quandaries and financial implications of employee classification—a hot topic that can make or break the success of any business venture.
Join us as we navigat...
Ready to take the entrepreneurial plunge and navigate the complexities of buying a business? Look no further, as we guide you through the maze of finding promising ventures, understanding the financial commitments, and securing that all-important financing. Getting down to business, we kick off with practical tips on sourcing potential acquisitions, from making the most of online platforms to the crucial role...
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