43: From Zero To 7-Figures, with Chuck Temple

Today’s guest Chuck Temple takes us through his journey from always broke college student to starting a business while living on a couch, and growing it into one of the largest media transfer companies.   By the time he sold, they had 4 stores in 2 states with 27 full-time employees. Not bad for a guy who didn’t have a clue about starting, growing, and running a business.   He’ll share his methodology for unlocking what he describes as he one key advantage that was responsible for his company’s growth, and it’s one that any of us can apply.   You’ll want to take notes when he shares a cheap way to do massive market research and testing, and the challenges of exponential growth.   What You’ll Hear:   02:00 Broke, struggling, and juggling side gigs with going to college 05:15 The first order was a couple of thousand slides 06:10 Living on a futon - the beginnings of DVD Your Memories 10:02 Drumming up businesses at coffee shops and farmers markets 11:20 List of services offered expanded based on what customers asked for 12:30 Deciding on the company name 13:24 Using google ads to split test company names 15:40 Initial goal was to make as much as money as his parents 17:00 Getting inspiration from Think & Grow Rich 17:40 How to get to the people who need his product? 18:38 Split testing ads for best USP 20:27 Find the #1 thing important to the customer and promoting that 21:54 San Diego fires also drove growth 22:43 Having “ridiculously too much business” is worse than having no business - here’s why 24:20 Chuck realized he needed to work “on” the business rather than just “in” the business 25:29 Going on vacation for 2 weeks provided valuable insight 25:15 The decision to open the second location 26:23 Reflecting on the stages of growth from side hustle to multiple locations 27:17 Why Chuck decided to sell 30:28 You’ve got stop planning, and start executing 30:46 In part 2: the main indicator that’ll tell you it’s time to take action, and we’ll focus on his company “Electric Scooter Guide” that became the industry leader in 1 year   Connect with Chuck:   https://www.startuptosold.com https://www.chucktemple.com Connect with Joan: https://www.instagram.com/joanposivy/ https://www.facebook.com/posivy/ https://www.joanposivy.com/ Be on the show! https://www.joanposivy.com/be-our-guest.html