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Nikonomics - The Economics of Small Business
82 - How to Buy & Run a $10M Textile Biz with a $3M Moat with Kevin Bibelhausen
Nov 11, 2024
In this engaging chat, Kevin Bibelhausen, owner of a $10M textile business and former healthcare and tech entrepreneur, reveals his unconventional path to success. He discusses acquiring a business through a self-funded search and the unique challenges of the textile industry, including managing working capital and supplier relationships. Kevin also shares how his musical background propels his creative approach to entrepreneurship. Dive into his insights on navigating markets, leveraging technology, and the importance of customer engagement in this often-overlooked sector.
44:40
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Quick takeaways
- The textile business's steady revenue model, generating $9 to $10 million annually, allows for strategic planning and resource allocation.
- High working capital requirements in textiles necessitate effective inventory management to balance supply and demand while maintaining cash flow.
Deep dives
The Steady Nature of Textile Business
The textile business operates on a remarkably steady revenue model, consistently generating between $9 and $10 million annually with a gross margin near 45%. This stability is attractive as it demonstrates a reliable income source, which can be particularly appealing in a business landscape that often experiences volatility. Additionally, the owner emphasizes that, despite its seemingly mundane nature, this consistency creates a strong business foundation. The predictability allows for strategic planning and resource allocation over the long term.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode