Business Buyer Diaries: the Reality Before, During, and After

261. Post party recap, the idol was never real, finding my voice

June 23, 2024 Nathan Platter
261. Post party recap, the idol was never real, finding my voice
Business Buyer Diaries: the Reality Before, During, and After
More Info
Business Buyer Diaries: the Reality Before, During, and After
261. Post party recap, the idol was never real, finding my voice
Jun 23, 2024
Nathan Platter

Send us a Text Message.

Ever listened to your own voice and cringed? I sure have, and I'm unpacking that complex bundle of emotions in our latest episode. It's more than just self-conscious nitpicking; it's a revelation about communication, self-perception, and the dubious joys of being your own toughest critic. I'm taking you through my personal experience of reviewing my recorded speech and sharing the unexpected insights gained. Transforming discomfort into understanding, I rate my performance, confront the reality of my voice's impact on others, and reveal how I fine-tuned my points to resonate more authentically with you, the listener.

Then, we shift gears to the world of fitness and entrepreneurship. Through candid discussions with the eclectic members of my fitness studio, we explore the ever-shifting dynamics of business leadership. One member reflects on the changing tides under different owners, while a past owner discloses her aspirations and the perceived success of the studio I now run. In a moment of honest exchange, I debunk some common myths about the studio's profitability and success, emphasizing the importance of maintaining one's morals and integrity in the pursuit of genuine achievement. Strap in for a journey of self-improvement and a masterclass in the ethics of business management. Business Buyers Club
Enter 070499 at checkout. Network and connect with other Acquisition Experts!

Learn DIY Due Diligence
Get training from an Acquisitions Attorney to become a DIY Due Diligence buyer!

SanterMedia - My goto Marketing Agency
My studio was struggling with leads and this agency goy my lead volume to 150% of goal.

Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.

Support the Show.

Business Buyer Diaries: the Reality Before, Duri +
Support the show & get subscriber-only content.
Starting at $5/month Subscribe
Show Notes Transcript

Send us a Text Message.

Ever listened to your own voice and cringed? I sure have, and I'm unpacking that complex bundle of emotions in our latest episode. It's more than just self-conscious nitpicking; it's a revelation about communication, self-perception, and the dubious joys of being your own toughest critic. I'm taking you through my personal experience of reviewing my recorded speech and sharing the unexpected insights gained. Transforming discomfort into understanding, I rate my performance, confront the reality of my voice's impact on others, and reveal how I fine-tuned my points to resonate more authentically with you, the listener.

Then, we shift gears to the world of fitness and entrepreneurship. Through candid discussions with the eclectic members of my fitness studio, we explore the ever-shifting dynamics of business leadership. One member reflects on the changing tides under different owners, while a past owner discloses her aspirations and the perceived success of the studio I now run. In a moment of honest exchange, I debunk some common myths about the studio's profitability and success, emphasizing the importance of maintaining one's morals and integrity in the pursuit of genuine achievement. Strap in for a journey of self-improvement and a masterclass in the ethics of business management. Business Buyers Club
Enter 070499 at checkout. Network and connect with other Acquisition Experts!

Learn DIY Due Diligence
Get training from an Acquisitions Attorney to become a DIY Due Diligence buyer!

SanterMedia - My goto Marketing Agency
My studio was struggling with leads and this agency goy my lead volume to 150% of goal.

Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.

Support the Show.

Speaker 1:

Alright, we're heading back home. Well, I recorded my speech so that was the last episode. And, yes, you're right, I, like you, do not like listening to the sound of my voice. I don't think my voice sounds good, I think I sound dopey, I talk too fast, I have too many bullet points to keep track of. But a takeaway I have from that is it's valuable to know how your voice lets people perceive you and probably, if I'm a harshest critic, if I can meet my own criteria, probably in an okay spot, probably my biggest takeaway two of them tonight. So we'll do two takeaways. Actually we're going to do three. It'll go quick, we're almost done. First and foremost, gather feedback At the end of it. Now, listening to my recording and I'm learning how to do my voice better. So you can probably tell last episode and this is going to be completely different from this episode going forward.

Speaker 1:

Second one it's going to be practice. Practice your bullet points, practice the things that matter. Put together way too much content, because in the moment the room is going to read you a certain way, you're going to be feeling a certain kiss for your message. So I had probably a dozen bullet points. I had my whole speech outline talked about and I ended up pivoting to three bullet points that I didn't pick up until like right before the evening because those resonated at the end of the day. The people don't need you to read from a teleprompter. The audience doesn't need to hear what you have to say about your big, complex analogy. They need to be moved in the heart of what you have to say. That speaks in that moment in time. So I did that and after rehearing it being my harshest critic, I think it came across pretty okay. Maybe a 6 out of 10, and I was expecting a 10 out of 10, and I was probably going to give myself a 3 out of 10,. So if I'm giving myself a 6 out of 10, I think that strategy is the right strategy.

Speaker 1:

Then two other parts. One of the members came up afterwards. She's been a member at the studio for years under previous owners, even the prior prior owners, and folks have different stories. Funny people have stories about management and ownership style. The first owner who opened this location he owner operated. He ran the shifts, went to his day job, then worked the night shift. Next owner worked the morning shifts, then worked his day job. The third owner this was his day job and I'm now the fourth owner in nine or 10 years and for me this is not my day job. I work on this place a lot while I'm at home, but it's very much. A manager is the captain of the ship and the first few months were kind of rocky and that's fine. And now we're picking up momentum and here are some small wins like, hey, this is going well, this is really working out well. That's actually really reinforcing to hear.

Speaker 1:

And final point I had a chance to talk with someone who was just at my table. She and her husband came and it was great. They're former owners and they're still members at some of the Ferrell's clubs in Twin Cities and it's funny. She said well, their studio isn't open anymore, it's closed now. Studio isn't opening more, it's closed now.

Speaker 1:

But she said in years past in her head it was always she wanted to get her club up to the level that my studio was at. Before I ever even bought it I wanted to get to that level or have that revenue level. And lo and behold, I told her like, hey, what it seemed. And when I bought it it thought I was buying what I thought it was too, and the reality is and I gave her I didn't give her the full details. I don't think I'm telling everyone the full details. You probably just this podcast is getting the details.

Speaker 1:

To get your studio to the level where my studio was at, you would have had to drop your morals, you would have had to play accounting games, you would have had to cook the books or you would have had to have incredibly high revenue numbers that weren't even achievable. And there's a reason why the folks sold it and they didn't keep it. If it was low stress, big money maker, they wouldn't have sold it. It's rare that people sell that. They wouldn't have sold it. It's rare that people sell that. And so I think she had a light bulb moment. I'm like, all right, this idol that I had wasn't even a real, and if I would have valued the idol, I would have had to drop my personal beliefs, my values, to reach the idol and I would have had to give up things that matter. And she said before they close things and wound things down. One of the things that helps her sleep at night is they probably changed hundreds. No, we probably changed thousands of lives over the course of our ownership and now they're building life 3.0, 4.0, but they've changed lives and if they don't have their studio anymore?

Speaker 1:

It was a good so, really cool conversations, really great preparation. Phenomen preparation, phenomenal evening. Definitely a lot of fun and I'm learning as well how to pick goals. What really should I be focusing on? What's what's the idol? Is the idol supposed to be an idol at? At the end of the day, only God should be my idol. Everything else is a distraction. So this is probably the most somber episode, because I'm trying out my new speech style and I want to talk slower because my brain thinks probably five times faster than my mouth keep up with. I want these words to carry weight, I want them to mean something and I want to practice and get better at how I communicate and I want to share with you how I'm learning and growing and got one shot at life. We're going to make it count the first time around, because it's the last when we're at when we're going. Let's rock and roll.