Today we talk to someone who grew up in the family chiropractic equipment business, and ended up buying it about 3.5 years ago. We learn valuable lessons about being adaptable, niching down, and "selling pick axes to gold miners."
Key Points to Owning a Family Business with Joshua Walker
- Joshua's parents had a family chiropractor business when he was growing up
- Graduated from UNC
- Moved back in with his parents
- Worked with his dad's new company
- Created a website before websites were really a big thing
- Bought the business from his father around 2016
- Immediately lost 30% of the businesses income because their main product's business strategy changed
- This forced them to find alternative products
- Joshua now has to put a lot of energy into staying on top of the ever changing market and finding new products
- When he was studying abroad in Spain, he realized he was interested in global economies
- This inevitably lead to his interest in charity and finding ways to help smaller economies around the world
- His family business raised $1,000 for CEPAD which is a Nicaraguan charity
- Who is your success role model? Zig Ziglar
- What is your biggest success? Finding, meeting, and marring his wife
- What does a typical day for you look like? Wakes up around 6:00 a.m. and goes for a walk with his wife. They go to the office around 8:00 a.m. and stay until about 6:00 p.m. He also always tries to read something before bed and post something to the internet
- What is your favorite quote? You can have whatever you want in your life if you help enough people get what they want in theirs
- What are your hobbies? Playing tennis, he used to play a lot of pool, reading, spending time with his wife, and traveling
- What is the best business book you've read? Poor Charlie's Almanac by Charlie Munger
- If there was one key piece of advice you could leave our listeners with about achieving success, what would it be? You need to be comfortable with small failures
About our Guest, Joshua Walker
I am the president and co-owner of Chiro1Source. We distribute supplies to chiropractic clinics throughout the U.S. Although I wear a lot of hats in my business I enjoy building relationships with my clients, adding new product lines, and looking for other business ventures to partner with and invest in. My wife and I are fortunate enough to bring our two dogs Rock and Hershey to work everyday and truly believe in creating a business that not only provides amazing products and services but also that gives back.
My newest venture is All4Chiropractic.com where we launched a new apparel line that donates a $1 per every item sold to a rotating charity. Last quarter we were able to raise a $1000 for CEPAD, a charity in Nicaragua.
Outside of the business I love to read, work on new business ideas, look for new investments, hang out with my wife, and we are very involved in our church.