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Join me, Nik (https://x.com/CoFoundersNik), as I sit down with Kevin Bibelhausen (https://x.com/bibelhausen) owner of a $10M textile business based in North Carolina. Kevin shares how he acquired the business through a self-funded search, and what it takes to run a working capital-intensive operation in the textile industry. From being in healthcare and tech to now dealing with textiles that have appeared in major movies like Star Wars, Kevin’s journey is unconventional, full of challenges, and packed with insights about finding opportunities in industries others might overlook.
Questions this Episode Answers:
- How do you acquire a $10M textile business through a self-funded search?
- What makes the textile business unique and what’s Kevin’s moat?
- How can creativity from a background in music be applied to entrepreneurship?
- What are the key operational challenges in running a textile business?
- How does Kevin leverage international suppliers and a strong team to grow the business?
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This week we covered:
00:00 Introduction to the Textile Business
02:50 Understanding the Textile Supply Chain
06:11 Transitioning from Healthcare to Textiles
09:01 The Challenges of Raising Capital
11:54 The Role of Technology in Textiles
14:48 Navigating the Textile Market Dynamics
22:27 Inventory Management and Competitive Advantage
29:46 Growth Strategies and Market Dynamics
35:57 Future Vision and Business Model
42:30 Personal Reflections and Entrepreneurial Journey
