E433: Unraveling Our New Business Together

With our businesses fortunately well and stable, we thought it was high time we worked on a new project – this time, as business partners!

 

Dave and I have always talked about working on a business together, but we never really came up with anything concrete.

 

That is until we stumbled upon this hidden gem of sorts: Knitting.com. Although we absolutely have zero expertise on the subject matter, we saw potential in it and the audience it has.

 

We weren’t on the same page initially, but after a trip to Palm Springs (and a shot or two), we eventually agreed that this was a good move and a worthy investment.

 

We’re starting – or should I say ‘stitching’ – a new chapter in our careers and we couldn’t be more excited. We hope you’ll join us along for the ride.

 

Video Timestamps: 

• Why we decided to buy a business together - 3:10
• Buying versus building a business - 4:40
• Serendipitous moments in our e-commerce journey - 8:30
• Why hobbies are worth pursuing in e-commerce - 11:47
• The big announcement - 16:17
• Challenges of seasonal businesses - 20:36
• Getting the right domain name - 23:00
• First hire for the new brand - 29:05
• Our vision for this business venture - 32:15

 

New year, new business venture. We hope you’re just as pumped as we are about this exciting project of ours. We can’t wait to officially launch the site and products later this year. For now, check out Dave's blog post on how we ended up choosing this domain name.

Don’t forget to leave us a review over on iTunes if you enjoyed this week’s episode. Also, make sure to tune in to the podcast as we’ll be revealing more details about our new business in the coming months.

 

Happy selling and we’ll see you in the next one!