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Founder's Journal

Business Case Studies #4: World Mini Golf Domination

Founder's Journal

Morning Brew

Careers, Business, Entrepreneurship

4.81.1K Ratings

🗓️ 30 March 2022

⏱️ 12 minutes

🧾️ Download transcript

Summary

I’m taking over the world, one mini golf course at a time. In this episode, I explain why I’m working with a group of friends to buy mini golf courses, the opportunity we see in the space and you’ll even hear me cold call a course and make my pitch. Check out full episode transcripts at https://foundersjournal.morningbrew.com to learn more, and if you have any ideas for our show, email me at [email protected] or my DMs are open @businessbarista. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

What's up everyone? This is Alex Lieberman co-founder and executive chairman of Morning Brew welcome back to founder's journal

0:07.4

My personal audio diary where I give you the business builder the tools you need to think better in order to build better

0:14.3

Whether that's building a business a team or a new product today. I am talking about taking over the world

0:22.4

One mini golf course at a time. I'm not joking. Let's hop into it

0:30.0

So I believe that I've talked about this on a previous episode, but shit is getting real now

0:36.7

I have formed a little SWAT team with three of my friends from college and we are on the hunt to take over

0:43.8

Mini golf and so what I want to do in this episode is I want to explain why mini golf of every possible business that we could be

0:51.2

Building or buying why mini golf what we think the opportunity is once we buy a course and also for shits and giggles

0:58.4

I'm going to cold call a course at the end of this episode

1:01.8

So maybe you end up seeing me get rejected by a mini golf owner. So stay tuned to the end

1:06.8

Why mini golf?

1:08.6

Well, when my friends and I were talking about buying a quote unquote boring business

1:14.4

There are a few things we were thinking about one

1:17.0

What is a business that is very fragmented meaning you know is owned mostly by mom and pops

1:23.9

There is in a national chain

1:26.0

What is a business that generally does well both in up markets as well as down markets and also just what's a business that

1:33.6

We would enjoy being aligned with at all. So for example

1:38.7

You know, we didn't want to own liquor stores because while we drink alcohol

1:41.9

We didn't actually want to be in the business of selling alcohol. So that's why we start thinking okay

1:47.7

Many golf courses. This could be an interesting opportunity

1:50.5

Then we did some digging and I'm going to share some of the learnings from the research we did a few months ago as a relates to

1:56.4

mini golf as a business

...

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