Bought Tiny, Grew to $4m
Mar 07, 2024•1 hr 39 min
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Episode 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:
- Contact mark@aspenhr.com or visit Aspen HR
Get complimentary due diligence on your acquisition's insurance & benefits program:
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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