Join Andrei and our guest on today’s episode, Kylon Gienger, as they will be discussing the role great marketing plays in preparing the company for evaluation or/and exit. Kylon is a serial entrepreneur, podcast host and president of Acquira. Kylon’s mission is to build and lead something monumental that increases the quality of life of millions of people. 

𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐰𝐢𝐭𝐡 ​​𝐊𝐲𝐥𝐨𝐧 : 

𝑊𝑒𝑏𝑠𝑖𝑡𝑒:  https://acquira.com/

𝐾𝑦𝑙𝑜𝑛 𝑜𝑛 𝐿𝑖𝑛𝑘𝑒𝑑𝐼𝑛: https://www.linkedin.com/in/kylongienger/ 

𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐰𝐢𝐭𝐡 𝐀𝐧𝐝𝐫𝐞𝐢:

𝑀𝑎𝑟𝑘𝑒𝑡𝑖𝑢: https://marketiu.com  / https://marketiu.ro   

𝐴𝑛𝑑𝑟𝑒𝑖 𝑜𝑛 𝐿𝑖𝑛𝑘𝑒𝑑𝑖𝑛: https://www.linkedin.com/in/andreitiu/   

𝑀𝑎𝑟𝑘𝑒𝑡𝑖𝑢 𝑜𝑛 𝐿𝑖𝑛𝑘𝑒𝑑𝑖𝑛: https://www.linkedin.com/company/marketiu   

𝑀𝑎𝑟𝑘𝑒𝑡𝑖𝑢 𝑜𝑛 𝑇𝑤𝑖𝑡𝑡𝑒𝑟: https://twitter.com/marketiuagency   

𝑀𝑎𝑟𝑘𝑒𝑡𝑖𝑢 𝑜𝑛 𝐼𝑛𝑠𝑡𝑎𝑔𝑟𝑎𝑚: https://www.instagram.com/marketiuagency/  

𝐸𝑚𝑎𝑖𝑙 𝑎𝑡 hello@marketiu.ro

𝐋𝐢𝐬𝐭𝐞𝐧 𝐭𝐨 𝐭𝐡𝐞 𝐞𝐩𝐢𝐬𝐨𝐝𝐞 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐟𝐚𝐯𝐨𝐮𝐫𝐢𝐭𝐞 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦:

▶️Watch the episode on YouTube: https://bit.ly/The-Marketing-Innovation-Show-YouTube 

▶️ Apple Podcasts: https://bit.ly/The-Marketing-Innovation-Show 

▶️ Podbean: https://bit.ly/The-Marketing-Innovation-Show-Podbean 

▶️ Spotify: https://bit.ly/The-Marketing-Innovation-Show-Spotify 

▶️ Deezer: https://bit.ly/The-Marketing-Innovation-Show-Deezer 

▶️ Stitcher: https://bit.ly/The-Marketing-Innovation-Show-Stitcher 

▶️ Castbox: https://bit.ly/The-Marketing-Innovation-Show-Castbox 

Episode transcript:

Andrei Tiu  

Hi there, this is Andrei and you are on The Marketing Innovation Podcast Show. Our special guest today is Kylon Gienger, serial entrepreneur, podcast host and president of Acquira. Today we'll discuss the role great marketing plays in preparing the company for evaluation or/and exit. So without further ado, Kylon, and it's a pleasure to have you here on the show. How are you? How's your morning going? Let's crack on.

Kylon Gienger  

Thanks for having me, Andrei. I'm doing good. It's early here. I'm located in Montana, USA. It's very cold outside. We're starting to get some snow woke up early for this. And I'm stoked, man. Let's do it.

Andrei Tiu  

Appreciate it. Appreciate it. Did you have your coffee, yet?

Kylon Gienger  

Uh, no. I'm drinking decaf these days. Because we're trying to get away from caffeine for a month or two. See how it goes on a week, two weeks into that. And so so far, so good. Okay, decaf coffee is kind of the Saviour there.

Andrei Tiu  

Well, you know what they say the first week or two are the hardest right to cut down on caffeine that you shouldn't be?

Kylon Gienger  

Yeah, fortunately, it wasn't that I think it's worse for some people than I had maybe a couple of nights where I kind of woke up with a headache. Besides that, no massive effects. But it feels good to have the self-discipline to be of something you've been on for years for some time that I'm 100% going back, altering caffeine again.

Andrei Tiu  

Cool, cool. Okay, so interesting stuff, interesting times, we have a very interesting subject today, as well. And I'm really looking forward to the stories because I know you have quite a few that will go through. I think just for people so you know because we do this in the audio and video format as well. And some people research more than others, I think let's just make it easy for everybody tuning in today, to let them know a bit of your background, who are you really and what you do. And then we can go into subjects and discuss strategies and all that jazz.

Kylon Gienger  

Let's do it, man. To me, I'm a jack of all trades, master of a few. I've done a lot of things in the last - I'm 32 years old - I've done a lot of things in the last little over a decade, I was in the military, I got out of the Navy in 2012 and promptly started a residential commercial painting company with a really good friend of mine. The first business I ever started, just wanted to cut my teeth, didn't want to work for anybody else and thought, hey, we'll try this thing. So I gave him 1000 bucks, we bought a van, we started hitting the road knocking on doors trying to paint houses that quickly grew to we had operations in six different states and learn how to hire and manage employees and also not manage employees, there's plenty of mistakes there almost went bankrupt at one point. Through the course of building that business built a couple of other brick and mortar retail businesses got into the house flipping game, I started a podcast called 'Successful drop out' that you know, grew quite popular, learned a bunch of different marketing stuff there, you know how to kind of niche down be a big fish in a little pond and stuff like that. That worked pretty well for me. That eventually transitioned to be working with one of the first guests I had on that podcast, who bought businesses. And that led to eventually over the next three, four years to acquire, I learned a lot about buying businesses, instead of starting from scratch as I have been, and how to identify great businesses and businesses that had great marketing or a lack of marketing that we knew we could add a lot of value to, post-acquisition. And that leads me to where I'm at today. Now I work with Acquira as part of the founding team there. And in a nutshell, we help people buy businesses instead of starting them. So I mentioned house flipping before, I imagine a lot of your listeners are probably familiar with the concept of house flipping, you buy something, you fix it up, you turn around and sell for more than you paid for it or you hold on to it, let it cash flow. We're talking about the same thing here when it comes to business buying just with businesses, which is a little bit more complex all around. But is, especially here in the US, a fast-growing interest among the entrepreneurial community we call the people we work with acquisition entrepreneurs, as opposed to startup entrepreneurs, which everybody's kind of familiar with. So that is me and what I do any kind of background in a nutshell there.

Andrei Tiu  

Nice. Cool. So how'd you get into acquiring and how did you change your perspective from starting businesses and growing them, you know, the way that you have done before, versus you know, figuring out there is an opportunity there to first of all to search for businesses that will be good to buy opportunities. And a question here is: How do you find them? And then of course, how to develop a business around that and to leverage your opportunity.

Kylon Gienger  

So how do you find you're going? How do you how do we kind of find these businesses to buy? Or how do people discover business buying?

Andrei Tiu  

Let's start with: What made you discover this opportunity, you know, like, make the switch from funding the business and growing it to getting something that is already set up?

Kylon Gienger  

Yeah, good question. I mean, again, the very first guest I ever had on the first podcast, I started business, right, I remember I was so nervous, I'd never interviewed anybody before I chugged a glass of wine beforehand, we had a fantastic conversation and hit it off. And it was a year and a half later, or something, he connected with me and said, Hey, come join me in what I'm doing. I'm buying these at that point, we were buying online businesses, content, websites, e-commerce, SAS, stuff like that. And I quickly realised, Hey, I've been doing this business, starting a business from the scratch game for a while. And here, I can find really great depth, leverage and ways to buy these companies and step right into an existing customer base cash flow, and the returns are much greater and come much faster than if I'm starting something from scratch. I don't have to spend the first two, three years blood, sweat and tears trying to build a customer base from scratch, build a product from scratch and prove the market raise funding. It feels like ethical cheating, you know, in a way, you're sort of cutting in line in the process of owning a profitable business and being working for yourself, right being kind of the master of your own destiny there. So, and a lot of people I think are discovering the same thing here. Particularly in the US, we have an entire generation that we call baby boomers that are reaching retirement age. It's millions of people here in the US. And the majority of small businesses here in the US are owned by this age group. And they're quite literally the backbone of the economy. And we're talking everything from online, SAS companies that were started a decade or two ago to really boring brick and mortar businesses like bat companies, plumbing com