Run With It

For the next few weeks, you won't see new episodes because we're taking a short break. We'll be back October 1st. In the meantime, listen back to our catalog of 100 past episodes. 🎙️ Podcast hosting provided by Transistor. Want to start your own podcast? Get 15% off your first year by going to transistor.fm/run

In this episode Chris and Eathan get personal about what's going on in their family lives, their business lives, and their podcast lives.  🎙️ Podcast hosting provided by Transistor. Want to start your own podcast? Get 15% off your first year by going to transistor.fm/run

If you like the show, please leave a review on Apple Podcasts!Nuggets:Currently there is more aluminum stored in landfills than in the mineral where aluminum is sourced in nature. Not all landfills are created equal. Landfills near industrial areas contain more metals like steel, aluminum, and iron. Jevons Paradox could be leveraged: The paradox occurs when technological progress or government policy increases the efficiency with which a resource is used, but the rate of consumption of that resource rises due to increasing demand.Action Steps:Find ways to intercept potentially valuable materials before they end up in the landfill. "Bank" salvaged material for future useReach out to explore partnerships with existing companies like TerracycleLinks:https://www.algiknit.com/https://www.terracycle.com/en-US/Aaron Nesser is the founder of AlgiKnit, which creates eco-conscious, renewable yarns for the circular economy. Love a part of the show? Did we get something completely wrong? Let us know at [email protected]. 🎙️ Podcast hosting provided by Transistor. Want to start your own podcast? Get 15% off your first year by going to transistor.fm/run

If you like the show, please leave a review on Apple Podcasts!Action Steps:Investigate current revenue split for concert venues  Search for the managers/decision-makers of concerts at large venues  Contact them via a cold call, email, or LinkedIn message  Offer to run a trial event which you can help them presell a live stream of their upcoming concert  If enough fans buy in, then produce the first event (keep a production budget of under $10K)  Ask the venue to keep your equipment installed and sign them on as a partner  Find more partners and offer a subscription service to fans  You could offer a number of credits per month that could be used for various concerts  Janne Tamminen is the co-founder of Howl Live, a cutting edge live concert streaming platform built for the music industry. 🎙️ Podcast hosting provided by Transistor. Want to start your own podcast? Get 15% off your first year by going to transistor.fm/run

If you like the show, please leave a review on Apple Podcasts!Nuggets:Many investors who buy a business trip up over simple operational details (e.g. forgetting to renew a domain name). Michael has seen this happen time and again.Action Steps:Generate your opportunity to break into the space:Start a podcastHost an eventConnect with recruiters who can source talented business managersBuy an existing business with the audience you want to serveIf you’ve connected with a recruiter you can understand their fee structure, add a profit margin and use this information to sell this service to your first Investor clientsYou can begin charging a commission as soon as your make your first connection, probably 5-10%, or you can just get a testimonial and case study from the dealOnce your more established in the space your can start to build out your platform for connecting Business Investors and Talented OperatorsYou might reduce your commission slightly once the business requires less manpower and runs more on automationOne way to build your client base is to buy an existing business that has a similar audience.Links:https://www.domainmagnate.com/https://domainmagnatecapital.com/The Domain Magnate ShowThe White Coat InvestorMichael Bereslavsky is the Founder and CEO of Domain Magnate, a micro private equity firm that acquires and operates online businesses.Love a part of the show? Did we get something completely wrong? Let us know at [email protected]. 🎙️ Podcast hosting provided by Transistor. Want to start your own podcast? Get 15% off your first year by going to transistor.fm/run