The What Sold Podcast - Episode 98 - If Matt Had 100k He Swears He Could Turn It Into A Million In Three Years: Business Strategies in an Uncertain Economy
Description
In this episode of the What Sold podcast, hosts Brandon and Matt discuss Matt's recent trip to Branson, Missouri, and delve into the realities of running a business in a fluctuating economy. They talk about Matt's experience managing inventory, particularly antiques and jewelry, amidst economic slowdowns. The discussion touches on the importance of adapting business strategies, the potential for consignment business growth, and the significance of understanding market trends. They also provide insights into the challenges of maintaining cash flow and the benefits of seeking local selling avenues. The episode concludes with practical advice for sellers and the importance of preparation in uncertain economic times.
00:00 Introduction and Welcome
00:43 Branson, Missouri Adventures
02:12 Summer Heat and Theme Parks
03:18 Back to School and Fly Infestation
04:51 Challenges of Running a Business
08:43 Economic Impact on Sales
17:07 Consignment Business Insights
19:40 Navigating Market Uncertainty
20:33 Consignment Business Strategy
21:05 Estate Liquidation Services
23:52 Challenges of Cash Flow
25:30 Scaling the Business
27:52 Selling Jewelry and Precious Metals
33:29 Exploring Costume Jewelry
35:36 Final Thoughts and Upcoming Plans
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