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66 - Two Unique Business Opportunities No One Is Talking About with Chris Koerner
Manage episode 443497582 series 3591759
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Join me, Nik (https://x.com/CoFoundersNik), and my business partner Chris (http://tkopod.co/p-x) for another HoldCo Bros episode! This week, we're talking about some fun business ideas. We discuss starting a Group Purchasing Organization (GPO) from scratch. We talk about print shops and keep gravitating back towards opportunities in this space. Lastly, we discuss selling high-ticket widgets to airline manufacturers, including the challenges of dealing with FAA regulations, which also make the surprisingly high margins possible due to the barriers to entry.
Chris's YouTube: http://tkopod.co/p-yt
Chris's Podcast: http://tkopod.co/p-all
Questions this Episode Answers:
- What are the key steps to scaling a print shop business, including acquisitions and efficiency improvements?
- How can a Group Purchasing Organization (GPO) benefit small businesses and increase their negotiating power?
- What unique opportunities exist in creating niche solutions for traditional industries like print shops?
- What are the challenges and opportunities in selling to heavily regulated industries like airline manufacturers?
- What strategies can be used to develop and launch a new product in an industry with existing high barriers to entry?
Enjoy the show!
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Love it or hate it, I'd love your feedback.
Send me an email at Nik@cofounders.com with your thoughts.
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YouTube: https://tinyurl.com/nikonomicsYT
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This week we covered:
00:00 Highlights
01:11 Introduction to the Boomer Businessman
01:51 Challenges of Running a Print Shop
02:20 Innovating the Print Shop Business
03:15 The Interactive Website Solution
04:56 Exploring New Business Ideas
09:33 Lead Generation and Ethical Bait Switching
16:05 Validating Business Demand
23:05 Recap of Business Ideas
23:51 Challenges in Healthcare Negotiations
28:10 Group Purchasing Organizations (GPOs)
34:47 Innovative Product in the RV Industry
36:29 Framework for Idea Validation and Distribution
39:58 Leveraging Insider Knowledge for Business Ideas
44:30 Conclusion and Final Thoughts
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