43 min
EP26 Dog Training Franchise Acquisition in Austin Texas with Chirag Shah Invest and Scale
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- Entrepreneurship
Welcome to the I&S podcast, where we delve into the world of business acquisitions, entrepreneurship, and personal development. In this episode our host Gabriel Murillo engages in a conversation with Chirag Shah, owner of Sit Means Sit, a dog training franchise in Austin. Chirag shares insights into his business acquisition journey, the emotional and practical challenges of staff management, and his strategies for scaling and improving his business's sales processes.
From the highs of increasing his close rate to the lows of dealing with staffing challenges, Chirag's experiences provide valuable lessons for any business owner or entrepreneur. Tune in as we explore the rollercoaster ride of owning and growing a business, and the personal growth that comes with it.
00:00 Collar used for attention in dog training.
05:52 Affordable and well-functioning business met expectations.
09:04 Reviewed numerous deals, submitted LOIs, contracted 2.
11:13 Discussing emotional and financial factors in business purchasing.
15:46 Tenant turnover leads to lower income risk.
19:22 Focused on sales, growing company's revenue. Limited expansion.
22:15 Progressing in sales, aiming to scale further.
26:43 Glad you're sharing real, conversational thoughts.
27:35 Dealing with post-deal matters in business.
30:46 Doubts about leadership and decision-making still linger.
36:08 Learn the lesson, take care of sales.
39:15 Reading only when necessary; tired of self-help.
43:17 Training dogs to improve life and relationships.
47:01 Benefits of sharing with a business coach.
49:52 Embrace challenges as opportunities for personal growth.
51:15 Focused on hiring more trainers and consultants.
Primary Topic: Chirag's Business Acquisition and Operations
- Acquisition of Sit Means Sit franchise in Austin
- Interaction with brokers and VA
- Costs and seller note
- Personal reasons for the acquisition
- Business performance and challenges
- Sales improvement and focus on scaling
- Staffing issues and team changes
- Emotional and practical challenges of staff turnover
- Impact of team changes on leadership
- Chirag's resolve and determination
- Chirag's management and personal routine
- Morning routine, exercise, and meditation
- Emotional fulfillment and impact on sales
- Resolving to move out of sales
Business Growth and Sales Strategies
- Fulfillment from dog training and business performance
- Increase in reviews and reputation
- Impact of dog training on people's lives
- Analogies of training a business and acquiring leadership
- Seeking business coaching and mentorship
- Different coaching types and strategic planning
- Experiences and benefits of coaching
Personal and Professional Development
- Self-growth and leadership
- Importance of challenging experiences
- Plans to hire and grow the business
- Rapid changes and personal development
- Property management and business revenue
- Active involvement in real estate
- Strategies for business growth and efficiency
- Deal acquisition process and emotional challenges
- Timeframe and motivation for the acquisition
- Emotional challenges and comparison with property investment
Welcome to the I&S podcast, where we delve into the world of business acquisitions, entrepreneurship, and personal development. In this episode our host Gabriel Murillo engages in a conversation with Chirag Shah, owner of Sit Means Sit, a dog training franchise in Austin. Chirag shares insights into his business acquisition journey, the emotional and practical challenges of staff management, and his strategies for scaling and improving his business's sales processes.
From the highs of increasing his close rate to the lows of dealing with staffing challenges, Chirag's experiences provide valuable lessons for any business owner or entrepreneur. Tune in as we explore the rollercoaster ride of owning and growing a business, and the personal growth that comes with it.
00:00 Collar used for attention in dog training.
05:52 Affordable and well-functioning business met expectations.
09:04 Reviewed numerous deals, submitted LOIs, contracted 2.
11:13 Discussing emotional and financial factors in business purchasing.
15:46 Tenant turnover leads to lower income risk.
19:22 Focused on sales, growing company's revenue. Limited expansion.
22:15 Progressing in sales, aiming to scale further.
26:43 Glad you're sharing real, conversational thoughts.
27:35 Dealing with post-deal matters in business.
30:46 Doubts about leadership and decision-making still linger.
36:08 Learn the lesson, take care of sales.
39:15 Reading only when necessary; tired of self-help.
43:17 Training dogs to improve life and relationships.
47:01 Benefits of sharing with a business coach.
49:52 Embrace challenges as opportunities for personal growth.
51:15 Focused on hiring more trainers and consultants.
Primary Topic: Chirag's Business Acquisition and Operations
- Acquisition of Sit Means Sit franchise in Austin
- Interaction with brokers and VA
- Costs and seller note
- Personal reasons for the acquisition
- Business performance and challenges
- Sales improvement and focus on scaling
- Staffing issues and team changes
- Emotional and practical challenges of staff turnover
- Impact of team changes on leadership
- Chirag's resolve and determination
- Chirag's management and personal routine
- Morning routine, exercise, and meditation
- Emotional fulfillment and impact on sales
- Resolving to move out of sales
Business Growth and Sales Strategies
- Fulfillment from dog training and business performance
- Increase in reviews and reputation
- Impact of dog training on people's lives
- Analogies of training a business and acquiring leadership
- Seeking business coaching and mentorship
- Different coaching types and strategic planning
- Experiences and benefits of coaching
Personal and Professional Development
- Self-growth and leadership
- Importance of challenging experiences
- Plans to hire and grow the business
- Rapid changes and personal development
- Property management and business revenue
- Active involvement in real estate
- Strategies for business growth and efficiency
- Deal acquisition process and emotional challenges
- Timeframe and motivation for the acquisition
- Emotional challenges and comparison with property investment
43 min