Finding a Unique Niche and Proximity to People

This chapter discusses the importance of finding a unique niche and being in proximity to people for a successful business. It also touches on the benefits of diversity of demand and on-site food and beverage offerings.

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In this week’s episode, Patrick Donley (@JPatrickDonley) sits down with Isaac French, designer and builder of Live Oak Lake, a gorgeous 7-unit nature-immersive retreat located just outside Waco, Texas. In this episode, Isaac shares how he did all of this, his early days as an entrepreneur growing up in an intentional community, the role of faith in his life, and how he utilized social media to fuel profitability, and so much more!

In its first year, the property grossed $1 million, with a net profit of $550,000. He has recently sold Live Oak Lake and today, Isaac teaches others how to build and run hospitality businesses at Experiential Hospitality.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro.

02:05 - What it was like for Isaac growing up in a large family in an intentional community.

18:13 - How his faith impacts how he operates his life and business.

30:09 - How he got the inspiration for Live Oak Lake.

35:54 - What went into the creation and development of the property.

38:55 - How he came up with the design of the cabins.

49:20 - Why he was able to finish the project so quickly.

53:10 - What he has been able to automate.

54:14 - What it was like building a spec home and breaking his pelvis during the project.

58:24 - What he would have done differently on the project.

60:47 - How selling Live Oak Lake went.

69:19 - Why he’s offering a masterclass in experiential hospitality.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Check out episode MI315: The Power of Mentorship w/ Chris Powers | YouTube video.
Check out episode MI288: Experiencing Unique Stays w/ Ben Wolff | YouTube video.
Check out the books mentioned in the podcast here.

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Connect with Isaac: Website | Twitter

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