15. Tommy Alfinito - 3 Gyms to 1, Selling, Opening a Distillery

Summary Tommy Alfinito shares his journey from opening a gym to selling it and starting a distillery (Wildfether Distilling). He discusses the challenges of managing multiple gym locations and the decision to consolidate. Tommy also provides insights into the process of selling a gym and the economics involved. He then talks about the transition from being a gym owner to not owning the business anymore. Finally, Tommy shares his experience setting up a distillery and the funding options available for starting a new venture. Tommy discusses his career progression and the importance of taking small leaps to achieve bigger goals. He also shares his experience balancing work and family, highlighting the need to prioritize what's important. Tommy emphasizes the different seasons of life and the importance of being realistic about one's priorities. He concludes by discussing his plans to expand the distillery and meet the growing demand for their products. https://www.instagram.com/wildfether_distilling Takeaways Taking small leaps in your career can lead to bigger opportunities. Balancing work and family requires prioritization and making choices. Understanding the different seasons of life helps in managing priorities. Expanding a business requires planning and adapting to meet growing demand. Chapters 00:00 Introduction and Background 02:57 Expanding the Gym Business 07:48 Challenges of Managing Multiple Locations 12:48 Selling the Gym 22:55 Setting up a Distillery 28:14 Funding a New Venture 33:46 Career Progression and Leaps 35:10 Balancing Work and Family 44:18 Prioritizing What's Important 48:07 Different Seasons of Life 52:29 Expanding the Distillery 56:46 Conclusion