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Bought Tiny, Grew to $4m

Bought Tiny, Grew to $4m

Update: 2024-03-07
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Description

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:

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In Channel
Reflections on 2 Years in the Knife Fight

Reflections on 2 Years in the Knife Fight

2024-07-2501:38:34

The Scrappy Path of a One-Man Holdco

The Scrappy Path of a One-Man Holdco

2024-07-2201:43:58

Getting Reps: Helping Others Look at Deals Led to a Holdco

Getting Reps: Helping Others Look at Deals Led to a Holdco

2024-07-1801:27:33

Building a $10m EBITDA Leader in a Fragmented Space

Building a $10m EBITDA Leader in a Fragmented Space

2024-07-1501:24:54

Buying & Growing a Business While Keeping a Day Job

Buying & Growing a Business While Keeping a Day Job

2024-07-1101:54:32

Buy as Search Fund, Keep as Long-Term Owner

Buy as Search Fund, Keep as Long-Term Owner

2024-07-0801:50:35

It Really Happened: 100% Financing for an $8m Business

It Really Happened: 100% Financing for an $8m Business

2024-07-0419:11

Turning $500k into a $38m Holdco (No Investors)

Turning $500k into a $38m Holdco (No Investors)

2024-07-0101:47:22

Candid Reflections on 7 Years of SMB Ownership

Candid Reflections on 7 Years of SMB Ownership

2024-06-2701:42:51

Announcing: Minds Capital

Announcing: Minds Capital

2024-06-2401:07:56

Why Work IN the Business You Buy (Not Just On It)

Why Work IN the Business You Buy (Not Just On It)

2024-06-2001:29:01

3x Revenue Despite Turnover, Hangovers & Threats

3x Revenue Despite Turnover, Hangovers & Threats

2024-06-1701:53:53

1 Business vs. Many: Deciding to Roll Up

1 Business vs. Many: Deciding to Roll Up

2024-06-1301:39:46

2 Welders and a Shop... to $3.8m in Sales

2 Welders and a Shop... to $3.8m in Sales

2024-06-1001:44:01

Buying a Bankrupt 117-Year-Old Manufacturer

Buying a Bankrupt 117-Year-Old Manufacturer

2024-06-0601:57:16

Rolling Up EBITDA and Rents with Auto Repair Shops

Rolling Up EBITDA and Rents with Auto Repair Shops

2024-06-0301:56:54

3 Years Later, Climbing Out of the J Curve

3 Years Later, Climbing Out of the J Curve

2024-05-3001:21:15

From Midnight Deliveries to $28m Holdco (in 6 Years)

From Midnight Deliveries to $28m Holdco (in 6 Years)

2024-05-2801:37:25

Finding a Great Business in Cow Country

Finding a Great Business in Cow Country

2024-05-2301:27:43

Art of the Roll-Up: 40 Businesses in 4 Years

Art of the Roll-Up: 40 Businesses in 4 Years

2024-05-2001:25:08

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Bought Tiny, Grew to $4m

Bought Tiny, Grew to $4m

Will Smith