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BiggerPockets Business Podcast

10: Building a 7-Figure Meat Snacks Company and Forming a Perfect Partnership with Peter Awad

BiggerPockets Business Podcast

BiggerPockets

Business, Careers

4.8696 Ratings

🗓️ 2 July 2019

⏱️ 83 minutes

🧾️ Download transcript

Summary

How do you launch a profitable business without taking on a ton of employees or dealing with brick-and-mortar retailers? Peter Awad, co-founder of Mission Meats, breaks it all down in this episode. You’ll love hearing about Peter’s upbringing in a family of first-generation immigrant entrepreneurs. He also discusses how he got his start hustling in the early days of e-commerce (remember Mail Boxes Etc.?). You’ll also learn how Peter wound up miserable when he realized his job didn’t match his natural strengths and how interviewing other entrepreneurs shifted his perspective and inspired him to change careers. Peter offers useful insight into what makes a great (and terrible) partnership, how he and his partner came up with the same company name and logo independently(!), how he overcame his inability to focus, and why the person is more important than the idea. He goes on to explain the concept of a “slow hustle”—and how it may just help you navigate the ups and downs of entrepreneurship. Plus, Peter describes how Mission Meats is able to test products without a big upfront investment, how he gets instant customer feedback, why ego is the enemy of a profitable business, and how philanthropy motivates him to succeed. And be sure to listen until the end to hear a conversation about passing down business knowledge to the next generation. Download this episode today, and subscribe so you won’t miss the next! In This Episode We Cover: How Mission Meats uses “lean startup” principles How Peter overcame his “focus problem” by giving up on good ideas Why he likes to ask, “OK, but why YOU?” The importance of partners checking their egos at the door Why “slow hustle” sums up his approach to business How starting a podcast affected his career choices How to teach your kids about entrepreneurship And SO much more! Links from the Show BiggerPockets Slow Hustle Podcast with Peter Awad Caliper Yelp TripAdvisor Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So, you want to be a marketer. It's easy. You just have to score a ton of leads and figure out a way to turn them all into customers. Plus manage a dozen channels, write a million blogs and launch 100 campaigns all at once. When that's done, simply make your socials go viral and bring in record profits. No sweat. Okay, fine. It's a lot of sweat. But with HubSpot's AI-powered marketing tools,

0:23.2

launching benchmark-breaking campaigns is easier than ever. Get started at HubSpot.com slash marketers.

0:30.5

Hello, blue skies. Hello moving onwards and upwards. Hello, taking control of your money.

0:37.9

Say hello to tax-free investing.

0:40.7

Open a Stocks and shares, ICER,

0:42.8

and act by the 5th of April to get 100 to 3,000 pounds cash back.

0:47.8

Cargreaves lands down.

0:49.4

Hello Life.

0:51.6

Register and add or transfer £10,000 plus.

0:54.1

You may get back less than you invests and tax benefits vary.

0:56.7

For terms and conditions, see hl.com.uk.org slash ISA.

1:00.9

This episode is brought to you by Vanta. Stressing over cybersecurity, whether you're a startup, growing fast, or already established.

1:08.7

Vanta can help you get ISO-27,001 certified and more.

1:13.7

Plus, it allows your company to centralize security workflows, complete questionnaires up to five times faster, and proactively manage vendor risk to help your team stay compliant.

1:24.4

Head to Vanta.com slash Spotify to learn more.

1:29.0

Welcome to the Bigger Pockets Business Podcast, show number 10.

1:35.4

Anytime we're going into an uncharted territory, we're going to test.

1:39.9

We're going to test and test and test, and we're going to validate whether this opportunity is actually going to present itself, whether it's actually going to test and test and test and we're going to validate whether this this opportunity

1:44.5

is actually going to present itself, whether it's actually going to work, and then we'll scale

1:49.2

accordingly.

1:54.1

Welcome to a real world MBA from the School of Hard Knocks, where entrepreneurs reveal what

1:59.3

it really takes to make it.

...

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