• Business Buyer Diaries: the Reality Before, During, and After

  • By: Nathan Platter
  • Podcast

Business Buyer Diaries: the Reality Before, During, and After

By: Nathan Platter
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  • Summary

  • Welcome to the Business Buyer Diaries. My name is Nathan Platter, I’m a full-time employee, and I bought a business! I did everything right from finding the deal, handling due diligence on 63 different opportunities, and ultimately buying a profitable gym, and boy was I in for a surprise as a new owner! I chronicle everything in real time, including the biggest wins to the stressful nights at 2am. I’m sharing my journey without sugarcoating anything, so you don’t repeat the same mistakes I do.



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    SanterMedia, my goto Gym Marketing Agency

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    © 2024 Business Buyer Diaries: the Reality Before, During, and After
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Episodes
  • 359. Helped an interested buyer evaluate another opportunity for sale

    359. Helped an interested buyer evaluate another opportunity for sale
    Dec 29 2024

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    Ever found yourself teetering on the edge of financial chaos, struggling to maintain a balance between personal peace and business demands? Join me in this episode as I share my personal journey through the unpredictable world of managing both household and business finances with my sale-savvy yet frugal wife. We confront the harsh realities of unexpected expenses that push us into overdrafts and the looming specter of bankruptcy, all while preparing for a crucial corporate meeting. The emotional rollercoaster of entrepreneurship is laid bare, showcasing the difficult decisions and resilience required when financial insecurity hits home.

    Shifting gears, let's unpack the allure and realities of so-called "boring businesses," often overshadowed by glamorous entrepreneurial success stories. I explore why asset-based ventures, like owning rental properties or equipment, offer a stability that many fast-paced businesses lack. Learn from my insights on networking and leveraging others' experiences to steer clear of common pitfalls. Resilience and continuous learning in entrepreneurship aren't just buzzwords—they are survival tactics. This episode promises a candid exploration of the mental challenges that entrepreneurs face and offers a road map for staying motivated amidst adversity.

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    14 mins
  • 358. If there’s nothing more I can do then I’ve done it all, choosing to live today worth repeating

    358. If there’s nothing more I can do then I’ve done it all, choosing to live today worth repeating
    Dec 28 2024

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    What happens when your interim gym manager is out of town, and you're left juggling multiple roles? Join us for an engaging session as I recount the hustle of covering shifts, prepping for an upcoming fitness challenge, and managing my daily grind in the corporate world. Discover the art of distinguishing between tasks that need a quick fix and those that require a more thoughtful, documented approach. I share my strategy for showcasing effectiveness and efficiency, ensuring that, regardless of how busy life gets, progress is consistently made and recognized by the right people.

    Listen in as I reflect on the rollercoaster journey of owning a gym, offering a peek into the world of fellow franchisees grappling with tough decisions. Curious about gym ownership? I unravel the joys and challenges, providing advice to aspiring owners without overshadowing their dreams with my experiences. This episode promises a heartfelt exploration of problem-solving, decision-making, and the delicate balance of sharing expertise without imposing a narrative. Whether you're an entrepreneur or a multitasker in today’s fast-paced world, gain inspiration and practical tips from someone who's been there and done that.

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    7 mins
  • 357. Upskill your coworkers and make yourself obsolete and that will get you job security

    357. Upskill your coworkers and make yourself obsolete and that will get you job security
    Dec 27 2024

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    Unlock the secrets of proactive employment and discover how cultivating a workforce ready to take on executive roles—even without the executive paycheck—can transform your business. Imagine a world where every employee is empowered to lead, manage, and innovate, ensuring seamless operations even when key leaders are absent. Through candid anecdotes and real-world challenges, we highlight the critical need for delegation, upskilling, and fostering an environment where knowledge-sharing is not just encouraged but celebrated. You'll learn how creating a culture of empowerment can pave the way for greater organizational success and long-term employee retention.

    Reflect on the frustrations of being thrown into makeshift leadership training without preparation, and why having a well-prepared team to step up is non-negotiable. We discuss the pitfalls of hoarding knowledge for job security and flip the script on traditional views of irreplaceability. If you're in a managerial role or aspire to be, this conversation is packed with insights on how sharing knowledge and empowering your colleagues can make you an invaluable asset to any organization. Join us and reimagine what it means to lead from every chair in the room.

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    9 mins

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