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>
Episodes
360 episodes
359. Helped an interested buyer evaluate another opportunity for sale
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 hou...
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14:15
358. If there’s nothing more I can do then I’ve done it all, choosing to live today worth repeating
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...
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6:34
357. Upskill your coworkers and make yourself obsolete and that will get you job security
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...
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8:36
356. Quarterly team training and what I’m talking optimistic during downtimes
What if the key to thriving in business is mastering the delicate balance between transparency and optimism? In our latest episode, we unravel the complexities of leadership as we take you behind the scenes of our instructor training event. With t...
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5:35
355. Worked the night shift, the past due letters are beginning, don’t invest in stress
Struggling to keep your business afloat or thinking about pivoting in your career? Meet Nathan, a gym owner grappling with the harsh reality of being $12,000 short this month, as he faces the daunting process of closing his gym. Share in his candi...
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8:19
354. The business was dying from Day One so I feel no shame being unable to rescue a dying one
What's truly at stake when you're fighting to keep a business on life support? Join us as I share a Sunday drive to the studio, a time typically spent planning for the week and finding a little joy in the Minnesota Vikings radio broadcasts. Yet, a...
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5:57
353. The present is always a snapshot and doesn’t last forever, that’s why we must be grateful
What if revisiting a beloved place from your past could stir a whirlwind of nostalgia and unexpected emotions? Join us as we embark on a heartfelt reflection of a journey that unexpectedly took us back 15 years to a pivotal moment in our lives. Ou...
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8:37
352. Test out for the 10 week challenge, interim GM and outgoing GM
How do you keep afloat when the financial tide is pulling you under? This episode delves into the raw realities and intense pressures of owning a boutique fitness studio, especially when you’re an absentee owner. Join me and a fellow franchisee, a...
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9:01
351. Last normal workday with my GM, feeling at peace that the business must close down
What if closing a business felt more like liberation than failure? Join us for an eye-opening conversation where we unravel the emotional complexities of shutting down a studio amid financial turmoil. Our journey begins with the refreshing energy ...
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6:25
350. 24 hours ago asked a friend to tag along their side hustle, just finished my 2nd shift lol
When life's financial stresses mount, sometimes the most unexpected paths lead to the light at the end of the tunnel. Picture this: a casual chat at the studio turns into a side hustle adventure that balances late-night shifts at photo booths with...
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8:43
349. My departing found a job paying 3x, pumped for him!
What happens when a key team member lands a dream job, leaving you to face the harsh realities of a struggling business? Join us on an emotional journey as we reflect on the impact of our employee's exciting new role at a local car dealership and ...
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6:19
348. Telling the subway guy how to become a General Manager fast
After a spirited day at a children's birthday party, I stumbled into an enlightening conversation with a Subway employee about the trials and triumphs of new business ownership. This episode is a treasure trove of insights into how a simple chat o...
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5:00
347. If you’re paying a professional then do what they tell you to do
Navigating the choppy waters of financial transitions can be daunting, especially when unexpected changes catch you off guard. This week, we share our own story of navigating a major shift in our professional and personal finances. After receiving...
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4:12
346. Be crystal clear on words, impact, practical next steps, and security
Understanding the nuances of business terminology can be more critical than one might imagine, especially when words like "redacted" can spark unnecessary panic. Picture this: a miscommunication about document edits between myself and the GM had m...
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4:37
345. Just get the task done now and don’t let it become bigger later
What happens when a seemingly routine contract dispute unravels the fabric of trust at a business? Join me as I recount the unexpected challenges of discovering altered contracts and missing keys, which raised doubts about my team’s integrity and ...
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7:45
344. I already know the fate of the business and the odds of turning profitable, time to accept it
Could you imagine spending years building your dream only to face the harsh reality of financial strain? Join us as our gym owner guest shares his intensely personal journey through the highs and lows of entrepreneurship. He paints a vivid picture...
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7:18
343. How I react to pressure, management next steps, Unknown upside.
Feeling torn between your dreams and daily responsibilities? Join me as I share the emotional tug of war between sustaining a small business and watching coworkers indulge in personal luxuries with their bonuses. With aspirations beyond the 9-5, I...
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15:52
342. Power outage, asking for GM referrals part of life is the volatility.
Caught in the chaos of a Twin Cities thunderstorm, I found myself juggling unexpected challenges—from tornado sirens to an unprepared GM unsure of how to react. It's a story that highlights the importance of solid crisis management and the gaps th...
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9:36
341. It’s always worth asking, “why do we have that process in place? “
Ever wondered if your business is still doing things the best way, or just the old way? Shake up your routine and learn how questioning established processes can lead to smarter decisions. This episode is your front-row ticket to our vibrant Super...
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5:34
340. Want to know I gave it an Excellent run, not just a good run, bonus training
Ever felt like time is slipping through your fingers, yet somehow you're expected to juggle multiple roles seamlessly? Join me as I navigate the ups and downs of a jam-packed Monday that demanded all my skills, from orchestrating the first of many...
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7:49
339. Swing and a miss! Still looking for a manager but won 2 new members
Ever wondered how the dual perspective of being both a studio member and a manager can transform your experience in surprising ways? Join me as we unravel the intriguing dynamics of studio life with a former manager who shares her journey of tr...
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3:56
338. Attending a night class to meet a potential replacement general manager
Ever skipped a personal event in the hope of securing a dream team member? That's the gamble we're talking about today. Picture this: a former studio star with a wealth of franchise experience is considering rejoining our team, and the exciteme...
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7:45
337. Continued search for a manager, handling interviews
Can the heart of a fitness business beat stronger with a change in leadership? Join us as we share our journey of reimagining staff roles in response to the evolving expectations of our members. The fitness world is experiencing a cultural shif...
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10:10
336. Needing to be more bold in my protective leadership
Have you ever wondered how leadership styles can evolve and adapt in response to community challenges? Let me take you on a personal journey inside a unique studio environment where members are both customers and instructors. Faced with the dis...
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10:12
335. Same mistake again by not being the Admin over another Facebook group (this time smaller deal)
What happens when you lose access to a key asset in your business? Learn from our candid reflections on a real-life experience where administrative control was mistakenly handed over to someone who left the company. The scenario became a lesson...
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2:42