How Chad Turned $3,000 Into 7-Figures In 3 Years
Capitalism.com with Ryan Daniel Moran
Capitalism.com
4.8 • 802 Ratings
🗓️ 10 April 2020
⏱️ 38 minutes
🧾️ Download transcript
Summary
Chad Maghielse started a pet supplies company with $3,000 that he put on a credit card.
He grew this business for the purpose of lifestyle freedom. When he scaled his business to the point where he knew he could get a million dollar payday, he did just that.
In this interview he talks about some of the things he did well and many of the mistakes he wishes he could have avoided on his journey.
Transcript
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| 0:00.0 | Hey, everybody. This is Ryan. Welcome to the podcast. This is a fire episode with Chad |
| 0:07.0 | McGilski, who is a homegrown student who discovered the podcast and my YouTube channel. And as a result, |
| 0:14.5 | started a pet supplies company with $3,000 that he put on his credit card. And he expected to learn some things and to try some things out. |
| 0:26.3 | And two years later sold that company for a seven-figure payday. And it's interesting, in this episode, he talks about exactly how he did it. |
| 0:35.7 | He talks about what he did well, what he didn't do so well, and he talks about the fact |
| 0:41.0 | that he grew this business for the purpose of having lifestyle freedom. |
| 0:45.0 | So when it got to the level that he could sell it for enough money that he could live on |
| 0:50.3 | it for the rest of his life, he had no reason to keep scaling it. And so some people |
| 0:55.5 | look at this business and they think how big could it get? And that's awesome. I'm one of those |
| 1:00.0 | people. But then there's most of the world who says, you know what, this is a route to freedom |
| 1:05.2 | for me. And Chad was, I think, a really good example of someone who said, this is what I want |
| 1:10.5 | to do and I want to do |
| 1:11.0 | and I want a specific result, but I'm also going to build a business that's meaningful to |
| 1:15.1 | me that's going to make a difference in people's lives because I know that's the type |
| 1:19.0 | of business that I will be happy building, selling, growing, and will be the type of business |
| 1:25.4 | that has a valuation that is high enough for me to live the life |
| 1:28.7 | that I want. Chad did it exactly right. Chad did it by having a differentiating factor in a big |
| 1:35.5 | market. He did it by leaning on what he believed in the marketplace. He did it by building an audience |
| 1:42.8 | that was responsive to the products that he released to the world. And he did it by building an audience that was responsive to the products that |
| 1:45.1 | he released to the world. And he did it in a way that met his goals and his desires and his |
| 1:51.9 | passions. This is just a perfect case study for those of you who are just starting or starting |
| 1:57.2 | to see results from building a business or a brand. |
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