Seasonal Business Success Stories

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This chapter examines the financial dynamics of seasonal businesses, focusing on Crayola and Spirit Halloween. It reveals how Crayola achieves significant revenue during summer while Spirit Halloween maximizes profits with strategic use of temporary retail spaces. The discussion explores the challenges and opportunities these businesses face, emphasizing the importance of effective advertising during peak seasons.

The NIA boys discuss Founder Mode, Seasonal Businesses, Spirit Halloween’s $650m+ Biz and X vs. Brazil

Timestamps:

(00:00:00) - Intro
(00:03:04) - Founder Mode
(00:20:13) - Meme of the Week
(00:22:44) - Seasonal Businesses
(00:35:28) - Spirit Halloween’s $650m+ Biz
(00:53:29) - X vs. Brazil

1) Paul Graham's "Founder Mode" essay sparks debate

• Contrasts with "Manager Mode" in large companies

• Emphasizes hands-on approach vs. delegating

• Airbnb's Brian Chesky cited as success story

• Key question: Is it just rebranded micromanagement?

• "It's really about good people versus bad people." - Bilal

2) Seasonal businesses can be WILDLY profitable

Hall of Fame examples:

• Mariah Carey's Christmas royalties ($2-3M/month)

• KFC/Domino's on Super Bowl Sunday

• Fireworks sellers (2 months/year)

• Wedding industry: 60-80% of engagements happen Q4 to Valentine's Day

• Crayola: 50% of their annual $600M revenue happen between July 4 and Labor Day

3) Spirit Halloween: The ultimate seasonal business

• 1,450 locations (as big as Target)

• $600-700M revenue in 2 months

• Uses bankrupt retail spaces

4) Brazil vs. X: The latest in global tech regulation

• Brazilian government blocks X (Twitter)

• $9,000 fine for VPN users (median salary: $8,000)

• Raises questions about free speech and government control

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