Get my 97 favorite business ideas for 2025, with full launch plans included here: https://tkopod.co/youtubeD In this episode, I'm talking about my first major business, an iPhone parts business called LCD Cycle, that I ran for seven years. I'll discuss how it started from a small iPhone repair business and grew to a multi-million dollar e-commerce operation. I'll share some key business frameworks I learned along the way, such as the importance of location, recognizing good ideas, and the fact that it's never too late to start a business. I also talk about the importance of product market fit and that businesses don't always fail, sometimes founders just run out of energy. Finally, I discuss my decision to turn down a million dollars in investment. Timestamps below. Enjoy! --- Audio podcast on all podcast platforms: https://toolkit.tkopod.com/podcast Free weekly business ideas newsletter: https://tkopod.com Private community where we build cool businesses together: https://TKOwners.com Learn more about me: https://www.chrisjkoerner.com/ Business ideas shorts channel: ⁨@thekoernerofficeideas⁩ (https://studio.youtube.com/channel/UCzjpCGEXR7BU-_SJSl59CGQ) The Koerner Office highlights: ⁨@thekoernerofficesegments⁩ (https://studio.youtube.com/channel/UCYEzHNmI-1oIqimmOnul_fg) AI-enabled accounting software, because Quickbooks SUCKS: https://lazybooks.com/ --- 00:00 Introduction and Personal Update 00:40 The Birth of a Business Idea 01:58 Launching the First Business 03:05 Overcoming Initial Struggles 04:03 Expansion and New Opportunities 04:20 Venturing into iPhone Parts 05:11 Building a Supply Chain 07:18 Scaling the Business 08:11 Lessons and Frameworks 15:45 Final Thoughts and Call to Action 16:09 Business Beginnings and Initial Success 17:07 Innovative Strategies and Industry Impact 18:12 Geographical Expansion and Strategic Moves 21:36 Financial Challenges and Support 23:34 Seeking Investment and Difficult Decisions 26:14 Reflecting on Business Decisions and Outcomes 30:41 Concluding Thoughts and Future Outlook --- For the Algorithm: #iPhoneRepairBusiness #iPhoneParts #EcommerceBusiness #ImportExport #SmallBusiness #Entrepreneurship #Startup #BusinessGrowth #ProductMarketFit #RecurringRevenue #SupplyChain #Logistics #DallasBusiness #BusinessPartnership #WholesaleBusiness #CashflowManagement #VentureCapital #BusinessExit #LCDCycle #LifetimeWarranty #FreeShipping #BusinessFrameworks #OversaturatedMarket #BusinessStrategy #EntrepreneurialJourney #BusinessPodcast