Nikonomics - The Economics of Small Business

78 - Selling Drugs, Vending Machines and Stripping Bankrupt Companies for Parts with Chris Koerner

Nov 1, 2024

Chris Koerner, a savvy entrepreneur and Nik's business partner, shares insights from their impressive journey generating over $100 million in various ventures. They discuss clever strategies for acquiring assets from bankrupt companies and the wild success of their viral perfume vending machines. The duo reflects on the challenges of rebuilding sales teams and the realities of unexpected business failures. Don't miss their entertaining 'marry, date, or kill' segment where they evaluate intriguing entrepreneurial ideas.

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Intro

00:00 • 2min

The Unexpected Success of Vending Machine Ventures

01:41 • 2min

Wheels of Fortune: The Rise and Fall of a Bike Retailer

03:32 • 5min

The Downfall of Overextension: E-Commerce Trends and Business Insights

08:12 • 2min

Navigating Business Ventures in Cycling and Beyond

10:19 • 14min

Navigating Pharmacy Benefits Management

24:28 • 14min

🚨MY NEWSLETTER https://nikolas-newsletter-241a64.beehiiv.com/subscribe 🚨

Join me, Nik (https://x.com/CoFoundersNik), and my business partner Chris Koerner (https://x.com/mhp_guy) as we dive into another episode of HoldCo Bros! Chris and I have generated over $100 million across our companies, and every Friday, we brainstorm ideas and share exclusive insights into our businesses. This week, we discuss strategies to acquire assets from bankrupt companies, an update on our viral perfume vending machine business (over 20 million views!), and much more. Don't miss our 'marry, date, or kill' segment where we evaluate the three ideas we discussed. It’s a good one!

Stay tuned for Part 2 next week, where we’ll talk about GPT for Google Sheets, a creative dating idea, and a business called Water Finds that we think you’ll find interesting. Be sure to share, like, and subscribe!

Chris's YouTube: http://tkopod.co/p-yt

Questions this Episode Answers:

How can you buy assets from bankrupt companies to start a business?
How do you turn a viral idea into a profitable business?
What can we learn from The Pro’s Closet’s failure to avoid similar mistakes?
How to make money with Negotiations as a Service?
Which business idea is worth pursuing and why?

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Love it or hate it, I'd love your feedback.
Please fill out this brief survey with your opinion or send me an email at Nik@cofounders.com with your thoughts.
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This week we covered:

00:00 Introduction to Business Insights
00:53 Perfume Vending Machines: A Viral Business Model
03:19 The Pros and Cons of Business Growth
09:05 Exploring the Pros Closet and E-commerce Trends
15:18 Understanding Pharmacy Benefit Managers
21:03 Business Opportunities in Pharmacy Negotiations
26:20 Marry, Date, or Kill: Business Ideas Discussion