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Michael Girdley (@Girdley) and Mills Snell (@thegeneralmills), discuss a Fitness Equipment Manufacturer. We’ll find out what this business does and offers to people.
Moreover, we’ll be clarifying why we hate most of the deals we are talking about and how come we really need to hate every single one.
Also, we will get to understand the importance of educating your kids in business.
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Thanks to our sponsor!
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You can contact Heather Endresen, Director & Founder at heather.endresen@liveoak.bank. Mention this podcast in the subject line and ask her about office hours to get in touch.
*Live Oak Bank is the #1 SBA 7(A) Lender. The data supplied by the SBA reflects 7(a) highest dollar volume during FY 2021.
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Show Notes:
(00:00) - Introduction
(00:32) - Our Sponsor is Live Oak Bank
(01:39) - Deal & financials: Fitness Equipment Manufacturer
(06:50) - How does this company work? What are they selling?
(10:26) - How does this relate to Girdley’s experience as a young swimmer?
(12:34) - What is the TAM? How much potential does this business have? What’s the moat here?
(15:43) - Why are we supposed to hate every deal?
(17:00) - How should you think about the competition on the supply side?
(20:30) - Is this relocatable? Who’d be a great fit to buy this?
(22:00) - What is the bullshit KPIs theory?
(24:54) - What is this business’s role in the world?
(25:27) - What is the importance of educating your kids in business?
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Additional episodes you might enjoy:
#133 - How to value and underwrite commercial Real Estate? With special Guest Chris Powers
#132 - Let's get rich pumping poop!
#131 - People are getting rich with Med Spas. Will we?
#130 - Should we buy this Vegas Wedding Chapel Chain?
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