EP.04 - Building Businesses That Last: Karl And Manny’s Journey Retained Trust podcast

EP.04 - Building Businesses That Last: Karl and Manny’s Journey

2d ago 58:43

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In this episode of Retained Trust, host Karl Hughes invites his business partner and close friend, Manuel Weiss, to share their dynamic journey of entrepreneurship, partnership, and building lasting businesses. From Manuel’s early days in Vienna founding a tech startup to Karl’s evolution from software engineer to content marketing entrepreneur, the duo discusses their shared experiences, lessons learned, and the foundational trust they’ve built along the way. They reveal the intricacies of starting and scaling businesses like Draft.dev and The Podcast Consultant, emphasizing the importance of transparency, strategy, and leveraging strengths in a partnership. Tune in to explore their vision for building a portfolio of niche service businesses and hear candid insights on navigating work-life balance, acquisitions, and team building.

Key Points From This Episode:

[00:00:00] Manuel shares his entrepreneurial background and early career in Austria.

[00:02:14] Karl introduces his career trajectory and the foundation of Draft.dev.

[00:07:03] How Karl and Manuel reconnected and the origins of their partnership.

[00:10:50] Initial experiments, including an online course, and the shift to buying businesses.

[00:16:30] The decision to focus on podcast production as a scalable niche service.

[00:20:15] Challenges and insights from the acquisition of The Podcast Consultant.

[00:27:45] Manuel and Carl discuss the importance of building strong team culture.

[00:35:20] Raising prices and refining client portfolios to optimize revenue and margins.

[00:41:12] The value of documentation, systems, and async work in a remote partnership.

[00:45:48] Balancing entrepreneurial ambitions with the realities of family life.

[00:52:30] Their long-term vision for a portfolio of sustainable niche businesses.