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Bought Tiny, Grew to $4m

Podcast |: Acquiring Minds
Publisher |: Will Smith
Media Type |: audio
Podknife tags |: Business,; Entrepreneurship,; Interview,; Investing,; Mergers & Acquisitions
Categories Via RSS |: Business,; Entrepreneurship,; Investing
Publication Date |: Mar 07, 2024
Episode Duration |: 01:39:29

SBA lender Chad Fondriest got the itch to get in the game himself & bought a couple's hobby business doing just $150k.

Topics in Chad’s interview:

Keeping his W-2 while running the business
Quadrupling revenue in 2 years
Getting listed on Wayfair
Tradeoffs of selling on Amazon
High importance of inventory management
Explosive growth during Covid
How he estimated market size
Difficulty of competing in ecommerce
Forecasting trends a year in advance
Grief and joy of managing creatives

References and how to contact Chad:

Get a complementary pre-acquisition HR & PEO review for your target business:

Contact mark@aspenhr.com or visit Aspen HR

Get complimentary due diligence on your acquisition's insurance & benefits program:

Oberle Risk Strategies - Search Fund Team

Connect with Acquiring Minds:

See past + future interviews on the YouTube channel
Connect with host Will Smith on LinkedIn
Follow Will on Twitter

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