136: KingMakers - the shift to investing in offline businesses

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 18 February 2020

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Kylon Gienger is the president of KingMakers, an investment fund and accelerator for small business buyers. He founded and operated multiple business investments in the construction, food service, fitness, real estate, online education, and digital marketing industries.

On this episode, Kylon talks about investing in small businesses that would potentially grow to a million-dollar business, with the help of his company, the KingMakers. He explains some key points in strategically building industry by starting with leverage and having a partnership to successfully pay the loan and gain the profit. There are more ideas and lessons to learn here, so listen in!

Where we are:

Johnny FD - Sri Lanka
Sam Marks - Barcelona

Links:

Sponsor:

DiversyFund.com – Use coupon code BOSS20

Time Stamps:

06:01 – The idea of building over buying a business
09:22 – The start of KingMakers
12:00 – Taking business commission by website’s affiliate links
19:41 – Buying businesses and growth plans
24:48 – How an investor creates profit in buying a business by a leverage
28:57 – “Turn the profit knob and start earning those dollars back eventually and exit for a lot more than you paid for” - Kylon Gienger
30:51 – Kylon explains the minority and majority share to a business
33:50 – “When working with a business partner, you want to make sure that you work well together” - Kylon Gienger
34:58 – Managing and analyzing the business for the best quality
40:57 – Reinvesting in dying businesses and earning profit from it
43:42 – How business partnership operates
49:50 - Eliminating failures in the business
52:29 – The best ways to manage the business

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Transcript

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0:00.0	Hey bosses, before we get started with this episode, I want to thank our sponsor, Diversiefund.com.
0:06.0	We'll tell you more in the mid-roll, but they allow you to invest like the 1%.
0:11.7	Welcome to the Invest Like a Boss podcast. I'm Sam Marks and I'm Johnny FD.
0:16.1	We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss.
0:20.6	Join us each week for exclusive interviews with our network of modern investors, business owners,
0:24.7	and multimillionaires to discover new ways to invest our hard-earned cash.
0:29.9	Hey bosses, this is Johnny, and I am in Willigama Sri Lanka.
0:34.9	And Sam, are you out in Barcelona? In Barcelona. Where is Willy Gama?
0:42.3	It's a little surf town here in Sri Lanka, which is calling the better Bali that nobody goes to for some
0:49.4	reason. How the mosquitoes. That's always top of my mind. You don't, I mean, pretty much the same as Thailand or anywhere else. It doesn't affect me. I always carry on a little spray bottle of mosquito spray, but I normally don't even have to use it. Great. Well, I hope you're getting your surf reps in. I'd like to see who's a better surfer between you and I. I've only surfed one wave in my life, but I'm keen to get back on that board and learn how to hang 10.
1:13.7	Well, come out anytime, man. see who's a better surfer between you and I. I've only surfed one wave in my life, but I'm keen to
1:11.3	get back on that board and learn how to hang 10. Well, come out anytime, man. Good stuff. Well,
1:18.9	I'm excited for this episode you lined up, Johnny. Yeah, it's going to be good. And we just got
1:23.7	done with our first ever Patreon Q&A, live Q&A call. So big shout out to everyone who
1:30.4	was on that. And if you guys haven't seen our Patreon page yet, just go to invest like a boss.com.
1:36.5	And on the top right, you can click become Patreon. You can get a bunch of perks like hopping on a
1:42.5	live call with Sam and I.
1:45.2	Yeah, that was super fun.
1:46.0	I enjoyed that.
1:47.5	Looking forward to doing that each month.
1:49.8	And check out the Patreon group if you haven't yet. We're dropping in a lot of the strategies, real-time trades, and cool projects like the
1:54.3	renovation I'm doing in Barcelona right now.
	...

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