Business Buyer Diaries: the Reality Before, During, and After
<p>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.</p>
<p>Join the Business Buyers Club! <br>
https://businessbuyersclub.com/memberships <br>
Enter code 070499</p>
<p>Learn Due Diligence for yourself! <br>
https://dealacademy.app.clientclub.net/courses/offers/75e59f69-9746-4b94-a6cd-562bcc9347d1 <br>
Enter code</p>
<p>SanterMedia, my goto Gym Marketing Agency <br>
https://go.santermedia.com/nathan <br>
Tell them Nathan sent you!</p>
Business Buyer Diaries: the Reality Before, During, and After
320. Staying curious when finding discrepancies, living in day tight compartments
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
Beyond spreadsheets and schedules, this episode peels back the curtain on personal challenges, sharing a journey through stress, sleepless nights, and the delicate dance of aligning emotions with logic. As I battle invasive thoughts with a blend of rational strategies and soothing melodies, you’ll uncover practical tips for harnessing control over mental well-being. Finally, we chart the course for the day’s tasks, from reaching out to potential clients to maintaining the hustle of the day job, offering a candid look into the art of balancing professional duties with personal growth.
Hey , good morning . So here we are . We're at Thursday . I worked another morning shift . I've been taping it off slightly , though . So yesterday I think I came in at six , the day before I was in at five , and today I came in at like seven o'clock , yeah , 6.45 or so , partially to get back to a decent sense of normalcy and establish a more normal thing . I still want to be present and on site because the management team is still getting their feet under them on what activities are top of mind , what needs to happen first , how to investigate things that need to get ironed out , and just one example . And just one example .
Speaker 1It's nothing too crazy . So we have some members that live together . They's nothing too crazy . So we have , like , some members that they live together . They have different like last names , so on paper it's hard to tell , like if they're connected or related or something , and like one member pays zero but the other member pays double , and so trying to figure out , okay , like , is this valid ? Is this what's supposed to be happening ? Is this , you know , worst case ? Is this someone like doing credit card fraud or something and they're charging somebody else's card so they can get a free membership , and so in this case it was an easy one . They're just boyfriend and girlfriend living together , super easy to figure out .
Speaker 1A couple other nuances like that , where it's just a little murky on how billing and memberships are , are figured out within the system so that the net revenue is correct . But it's just a little . It's not done properly and so it's difficult to audit and confirm , like retention rates , upsells , downsells , who to attribute revenue to . When they come into a class , does this person just different metrics that you can't track when stuff is out of touch with that ? So that was helpful . I also found a handful of memberships or members that are paying something dramatically off of what we had anticipated they were paying . So now just figure out . Hey , we're going to be curious . We're not accusing , we're not assuming , we're just going to be curious . Some members do really great stuff for us and they get a discount . One of them replaces our shower heads and does like tile work . They yeah , they of course get a free membership . Tile work is not cheap . Other members like drive in the annual parade and do other like off the books benefits , and off the books they do like real life , tangible benefits and a thank you . We do as a free membership , and so those things like that need to just get confirmed , noted down so that when we can do an audit or something , that's not a flag of some sort .
Speaker 1Right now , heading back home , working the day job and still pulling away at life , still slowly de-stressing and working off the stress drug that I've been on for a while , last night I battled some sleep and trying to figure out like how to not let invasive thoughts invade my thoughts , and it's , it's tricky , it's not easy to control your thoughts in the middle of the night or at 2 am or 4 am when you're trying to get some more sleep . And so the tactic that I've been using is telling myself hey , if this is a memory and this actually happened , okay , I will take action on this item first thing in the morning , I'll note it down . If this is a fake thing and it's not real , then I don't need to worry about it , because it's just a lie that my subconscious is believing and so I don't need to give any weight or credibility to this thing because it's not real anyways . And then that's what my head tells me , and then , getting my emotions in alignment with my head , then listening to like soft , calm music , like piano music , just something like a lullaby . It sounds silly , but I need to work my way back down and to not stay high strong when I'm trying to rest my body , and that's been something I've been navigating , trying to figure out .
Speaker 1So all sorts of things , figuring out memberships and accounting . I need to call our leads today so that they can participate in our challenge . They got a text blast yesterday , so today they're going to be getting a phone call from me and still working the day job . I still have check-ins with interns , I have stakeholder meetings , I need to write code , I need to deliver new versions and product updates for the projects I'm working on . I also have a check-in for a marketing project I'm working on , and so just keeping track of the day-tight compartments is the best that I can do and keeping people on my side , staying engaged , with everyone at hand and acknowledging that there's a limit on my time limit , on my energy , I'm going to use it to the best of my ability on a day-by-day basis . So that's where we're at with the .
Speaker 1I don't want to say investigation On a day by day basis . So that's where we're at with the . I don't want to say investigation , but like the curiosity Exploration on making sure our members are getting the best service and that we're billing accordingly and making sure that the If we get audited , it's a clean audit , and right now it would be a messy audit On corporate asking us about our books . So that's where we're at . That's where we're going . Today's a great day . Today's an amazing day . I've got a great life , a great wife and great kids . That's where we're at . That's where we're going . Let's rock and roll .