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Joe Allen - $30k in a week? 3+ months of vacation a year? JUMPIN' JACKS bounce house biz
Manage episode 424215209 series 3545847
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Joe Allen is the owner of Jumpin' Jacks, a family owned and operated event rentals company that offers bounce houses, inflatables, and other event entertainment in Sonoma County.
Majority of rentals take place within a 6 month window from the end of April until the end of October, providing for a great lifestyle and very comfortable, livable income for Joe and his family.
Listen in as he shares his story - jumping (no pun intended) from cellular retail sales to buying (what was at the time) a very small bounce house business and making improvements that have helped him build to 750+ events per year (and growing).
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Chapters
1. Introduction to Jumpin' Jack's (00:00:00)
2. Takeaways from Studying Entrepreneurship (00:01:25)
3. Sourcing Capital for the Business (00:04:18)
4. Process of Purchasing the Business (00:04:46)
5. Challenges Faced in the Early Stages (00:05:16)
6. Size of the Business When Purchased (00:06:12)
7. Current Team and Inventory Size (00:06:41)
8. Improvements Made in Delivery Area and Process (00:07:11)
9. Efficiency and Delivery Model (00:08:03)
10. Revenue and Seasonality (00:09:25)
11. Challenges Faced, Including COVID-19 (00:10:23)
12. Networking and Learning from Others in the Industry (00:12:13)
13. Choosing Inventory and Manufacturers (00:13:08)
14. Pricing Strategy (00:14:07)
15. Favorite Events and Strategies for Growth (00:16:00)
16. Efficient Operations and Inventory Management (00:20:25)
17. Lessons Learned and Advice for Aspiring Entrepreneurs (00:21:15)
18. Key Takeaways (00:24:05)
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