7. How I Acquired a Failing Business and Tripled Sales in Weeks
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 companyā€™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.
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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
