How I Built This with Guy Raz

Advice Line with Chris Ruder of Spikeball

4 snips
Nov 21, 2024
Chris Ruder, the Founder and CEO of Spikeball, joins forces with Jimmy Davidson, the visionary behind Freedom in Motion, and Nigel Lewis from Station Surf Shop. They tackle the challenges of finding passionate managers, expanding niche fitness brands, and reviving struggling businesses. Chris reveals strategic insights about his core customers that reshaped Spikeball. The trio emphasizes resilience and community support in entrepreneurship, inspiring listeners to innovate and build strong connections as they navigate their journeys.
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ADVICE

Target Unexpected Groups

  • Identify your core customer groups, even if unexpected.
  • Lean into these groups by understanding their needs and providing free products.
ANECDOTE

From Parkour to Parkour Gyms

  • Jimmy Davidson started parkour gyms after facing resistance from city officials about practicing in public spaces.
  • He bootstrapped the first gym with personal savings, side jobs, and small investments.
ADVICE

Invest in Passionate Employees

  • Invest in passionate employees by providing growth opportunities and incentives, like equity.
  • Create a system for talent development, similar to Chick-fil-A or In-N-Out Burger.
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