Nathan Platter
Business Buyer Diaries: the Reality Before, During, and After
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. Join the Business Buyers Club! https://businessbuyersclub.com/memberships Enter code 070499 Learn Due...
Author
Nathan Platter
Category
Podcast website
Latest episode
Jul 20, 2025
Where to listen?
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Episodes
182. Weekly Monday meeting went well, we’re pacing 65- to Challenge Goal, keeping business business 21.05.2024 9:55
Send a text Ever wonder how to keep a business booming while nurturing a strong community? Join us as we unpack the tools and strategies for scaling your ambitions without losing touch with the heart of your enterprise. In our latest episode, we delve into the art of balancing personal involvement with members and strategic growth initiatives. I'll share how I maintain a robust connection wit...
181. 10 week challenge was a success! 21.05.2024 7:01
Send a text Ever thrown a party that just hit the mark? Well, Tony just did, and he's here to share the scoop on throwing a bash where the food, guests, and ambiance blend into the perfect soirée. He dishes out his secret sauce for not over-catering, keeping your guests' bellies and spirits high without the awkward mountain of leftovers. But it's not all about the perfect pizza-to-p...
180. Tonight is the 10 Week Challenge Party 20.05.2024 8:07
Send a text Ever wondered how member appreciation events can transform your fitness club's community vibe and client loyalty? Get ready to unwrap the strategic thinking behind creating events that don't just throw confetti but actually cement member relationships and build a unique culture. In this heart-to-heart, we dissect the tightrope walk of budgeting for impact, moving away from th...
179. Putting all my financials out there 20.05.2024 16:26
Send a text Ever found yourself scratching your head, wondering why your seemingly successful business isn’t lining your pockets? Join us as we tear down the facade of profitability and navigate the treacherous financial waters of fitness studio ownership. This episode is a treasure trove of insights for entrepreneurs, from the shocking moment our ledger bled red to the deceptive comfort of early...
178. Changing marketing geography, PT vs FT employees, I could retire before 40 20.05.2024 12:15
Send a text Unlock the blueprint to strategically navigating your business towards the affluent markets that promise richer rewards. Our recent Eden Prairie marketing strategy session was a game changer, revealing why we're pivoting towards the opulent west for quality leads and how Zillow maps have become our secret weapon for aligning with marketing agencies. We don't stop there—we del...
177. The trade offs between high quality leads and low quality leads 19.05.2024 8:32
Send a text Get ready to crack the code on cost-effective lead generation! This episode is a goldmine for anyone eager to learn the fine balance between cost per lead and lead quality. We've had an unexpected influx of 60 new leads this past week in the Twin Cities market, costing us peanuts compared to the usual rates. But are these leads the treasure trove they seem, or is there a catch to...
176. Give your staff too much work so they start telling you what needs to be offloaded 19.05.2024 17:02
Send a text Get ready to embark on a journey through the peaks and valleys of professional success, as I share the intimate details of securing a well-deserved cash bonus at a leading tech company. But hold onto your hats; this ride picks up speed as we navigate the bustling growth of my gym business, where the challenge isn't the lack of leads, but managing the abundance of them. Hear how we...
175. Vendors that cut themselves are ideal vendors, focus on just one priority 19.05.2024 16:14
Send a text Embark on a fiscal voyage with us as we navigate the treacherous seas of small business accounting. This episode throws a lifeline to those drowning in premium service fees, dissecting whether the $3,700 monthly outflow for tax prep, bookkeeping, and consulting holds water against our fitness studio's earnings. We hold a magnifying glass to these costs, comparing our spending agai...
174. 5th Place for Top Performing Franchisee, tomorrow is the P&L day 18.05.2024 4:30
Send a text Ever wondered how a successful franchise stays ahead of the curve? Our latest episode brings you face-to-face with the gritty details of running a lucrative business, straight from an expert franchise owner. We navigate the high seas of profit and loss revelations, celebrate our guest's top-five ranking victory within their franchise system, and dissect the implications of members...
173. Why companies don’t owe you reasons, post fake jobs, and aren’t obligated to be warm and fuzzy 18.05.2024 15:13
Send a text Ever felt like your job application vanished into thin air? That's the reality for many, and we're tearing down the facade to reveal the murky waters of job hunting and the often impersonal nature of the hiring process. In the grip of our latest episode, we confront the elephant in the room: deceptive job postings, the communication black hole haunting candidates, and the cut...
172. Worked a 34 hour work shift, looking forward to only owner 18.05.2024 10:42
Send a text Ever pulled an all-nighter just to have technology throw a wrench in your plans? That's the tip of the iceberg in our latest episode, where I get real about the constant battle with deadlines, server updates, and the lingering threat to job security in an era marked by unsettling layoffs like those at Spotify. We take a hard look at how the professional grind mirrors the ficklenes...
171. Here’s how I evaluate buying an existing health club 17.05.2024 12:13
Send a text Ever dreamt of owning a fitness studio? Think it's all about smoothies and six-packs? Let's get real about the sweat equity involved in purchasing an existing studio. In this jam-packed episode, you'll learn why buying into the fitness biz isn't just about counting reps – it's about counting costs, understanding the allocation of your time, and recognizing the...
170. Play the time horizon game to manage your cash and stress levels 17.05.2024 13:00
Send a text Discover the intricate dance of revenue growth and financial discipline as we guide you through the labyrinth of managing a gym's finances. This episode lays bare the allure and potential pitfalls of monthly recurring revenue models, akin to gym memberships, and how they serve as a double-edged sword for budgeting and cash flow management. We dissect the critical decisions busines...
169.The reality of transitioning from full time w-2 to full time Biz Owner, there’s an awkward phase 17.05.2024 11:52
Send a text Stepping off the ledge of a steady paycheck into the tumultuous seas of business ownership, I've landed at the two-month mark and, let me tell you, it's a mix of exhilarating and nerve-wracking. As I pull back the curtain on what it really means to transform from employee to entrepreneur, you'll hear how I'm grappling with the pressure to turn a profit while still c...
168. 2nd biggest month in club history EVER! And learning from Sam Walton 16.05.2024 10:39
Send a text Eager to uncover the blueprint for our near-record revenue month? Buckle up as we pull back the curtain on the game-changing strategies that turbocharged our business, casting a spotlight on the digital evolution of time-tested promotional tactics that skyrocketed our sales. I'll walk you through the powerhouse role of our email list, which we've harnessed to drive unpreceden...
167. How I’m handling Marketing Attribution for the database reactivation campaign with Black Friday 16.05.2024 6:06
Send a text Ever wondered how to pinpoint the strategies that truly amplify your marketing dollars? Brace yourself for an earful as we unravel the conundrum of marketing attribution with a touch of humor and a heavy dose of reality. We dive headfirst into the art of reactivating those long-forgotten leads, breaking down the effectiveness of database reactivation campaigns, and offering up some gol...
166. Take a career break, do something different, but keep your skills up 16.05.2024 8:41
Send a text Have you ever felt like you're just spinning your wheels, unable to gain traction in your career or personal finances? This episode is a lifebuoy thrown into the treacherous waters of job uncertainty and unemployment. We're not just talking about the grind; we're providing a lifeline of actionable strategies for those of you desperate for a change. It's a rallying c...
165. 2 changes to our sales cycle (auto enroll and shorter trails) 15.05.2024 11:58
Send a text Get ready to revolutionize your morning routine with a behind-the-scenes look at how I navigate the complexities of W2s and connect with our accounting wizards to keep the business's financial gears well-oiled. Following that, I pull back the curtain on a strategy-packed discussion with my manager, as we dissect the aftermath of our Black Friday promotions and sketch out the roadm...
164. You WILL be overbooked being an employee and an owner and that’s ok for a season 15.05.2024 8:06
Send a text As midnight looms and my eyelids weigh heavy, I can't help but marvel at the day's whirlwind of events. It's a mental gymnastics routine, swapping hats between my day job's data models and the entrepreneurial hustle of my fitness studio empire. Straddling these two worlds, I share the raw, unfiltered chronicle of what it truly takes to nurture a passion project amid...
163. Ending November with a bang! My job is to manage cash for down months 15.05.2024 6:46
Send a text Ever wondered how a 1% response rate could be the ticket to a business's financial rebound? Strap in as we take you through the whirlwind of our Black Friday success story, where we turned text blasts into a revenue-generating powerhouse. From the brink of a tough month to smashing profit records, we're peeling back the curtain on how strategic marketing and cash management c...
162. We as humans keep repeating the same thought patterns, be aware of that! 14.05.2024 9:30
Send a text Recall that moment when you first recognized the recurring themes in your favorite movie soundtrack, how it subtly shaped the narrative and your emotional response. Now imagine those themes as the patterns of thought that score our own lives, influencing our interactions and self-perception. In exploring the symphony of our minds, we unravel the complexities of how our beliefs and expe...
161. Club #2 has a signed PA, clubs 3-4 have signed NDA, overpaying now and pinching later 14.05.2024 12:48
Send a text Navigating the stormy seas of business expansion, I've been at the helm of our gym empire during a month of high stakes and financial tightropes. Tune in to an unvarnished chronicle of our experiences, where I lay bare the adrenaline-fueled triumphs of promoting paid-in-full memberships, alongside the gut-wrenching frustrations of marketing misfires. You'll get an insider&apo...
160. Our budgeting philosophy- your home price = annual income, value of vehicles =20x income 14.05.2024 9:43
Send a text As the leaves turn and the air chills, I find myself grappling with the dichotomy of rest and responsibility. Thanksgiving, a time for gratitude and family, often becomes a backdrop for my internal struggle with taking time off, as I reveal my fears of financial instability and the guilt that accompanies any leisure time. Join me in a candid exploration of this personal tug-of-war, whe...
159. Almost done, purchase agreement, signed letter of intent, finding a back up W-2 13.05.2024 3:28
Send a text Ever wondered how a fitness empire can thrive even during the holiday slowdown? This week's session is all about the strategic steps and key negotiations that are essential when expanding a business during quieter times. As I navigate the complex dance of acquiring two more fitness studios, I'm bringing you along for the ride—sharing the nitty-gritty of securing letters of in...
158. Here’s my Onboarding System when buying a business 13.05.2024 16:28
Send a text Ever felt the rush of closing a deal while your daily chores spin out of control? That's the reality I tackled in our latest episode, juggling a mountain of laundry and the thrill of securing not just one, but multiple business acquisitions. With a laundry list of tasks, I walk you through the highs and lows of a day filled with due diligence, direct negotiations, and the strategi...
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