The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs
Hey, I'm Chris Koerner - serial entrepreneur, business ideas addict, and your new ADHD business ideas best friend. I've started 75 businesses, with 10 of them being worth 7-8+ figures. I love startup ideas!
Want to make money, grow a business, or just start a side hustle? You're in the right spot.
This show covers:
- Real-world growth hacking tips
- Deep dives into cool business ideas and AI tools.
- Simple business advice for small business & startups
- Ways to make money with side hustles and home services
- How to invest in RV parks or mobile home parks
Sometimes I'll chat with another entrepreneur buddy, sometimes I'll go solo.
I've built lots of companies, run multiple businesses, and made tons of mistakes (so you don't have to).
If you love entrepreneurship, marketing, business ideas or agency life, this show is for you.
Let's make you some money with cool business ideas! Find me at TKOPOD.COM
Chris Koerner of The Koerner Office
The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs
How I Built a $10M Business⏐Ep. #114
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In this episode, I'm talking about my first major business, an iPhone parts business called LCD Cycle, that I ran for seven years. I'll discuss how it started from a small iPhone repair business and grew to a multi-million dollar e-commerce operation. I'll share some key business frameworks I learned along the way, such as the importance of location, recognizing good ideas, and the fact that it's never too late to start a business. I also talk about the importance of product market fit and that businesses don't always fail, sometimes founders just run out of energy. Finally, I discuss my decision to turn down a million dollars in investment.
Timestamps below. Enjoy!
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00:00 Introduction and Overview
00:37 The Beginnings: iPhone Repair Business
04:18 Launching the iPhone Parts Business
07:28 Scaling and Success
10:21 Frameworks and Lessons Learned
15:46 Navigating Market Saturation
16:02 The Rocket Ship Growth of LCD Cycle
16:44 Innovative Business Strategies
18:38 The Power of Customer Feedback
19:10 Strategic Relocation to Dallas
20:47 Expanding Distribution Centers
21:13 Financial Challenges and Solutions
23:11 The Turning Point: Seeking Investment
24:39 The Unexpected Answer
25:54 Winding Down the Business
27:34 Reflecting on the Journey
30:22 Final Thoughts and Advice
