Bedros Koulian (10:34)
Yeah, yeah, I agree. So, so, so really when you, when you just imagine my dad through this guy. So he's like, he's 89 years old today, alive and well, and in his 40s, he came to the conclusion, well, building up to that, but in his 40s, he decided that I'm going to pull the trigger and I'm going to escape the Soviet Union. So we're Armenian. Armenia was under Soviet control, Russian control. My dad was one of the 18% of the population that was actually a member of the Communist party. So he was a card carrying party member. Communist Party member. And people always go, well, my choice, right? Yeah. But if you said no when they ask you to be a party member, you're shipped off to Siberia and never to be heard from again. So long story short, this dude left his ominous passport at home all the time. Never take it out with him. Never exercise his right to be able to question people and to be able to check businesses. All the businesses were run by the system. Everybody worked for the state. And so part of being a Communist party member is you can do surprise inspections in the region that you're in. My dad was just like, hey, live in that thing. And he's the guy that wore Jordan Ash, wore Ray Bans, listened to Elvis. He was full on American guys. And. And so he decides that we're going to escape. So he does a lot of side gigs, collects about 25,000 rubles, which is enough to bribe the people that needed to bribe to allow us to escape into Italy. Ten days into Italy. And my dad always demands that I tell this part of the story exactly as it happened. We went to the American consul in Italy. We said, we declared ourselves as political refugees. We said we wanted to legally enter the United States. And so after 10 days of pumping my dad for information, after all, Communist party member, they entered us into the United States. My dad chose California, of all places, because, hey, why not? Beautiful weather, great topography, you never have to see snow again. And I love this state and I will stay in the state for as much as people on it. You'll never find a better state and climate and geography. I can guarantee you that. I've traveled the entire world. But anyway, that said, legitimately said, is this country offers you freedom and opportunity so long as you serve the people in it. Find a solution to serve people, add value. And so I just, being the youngest of the family, believe that wholeheartedly and decided that's what we're gonna do. Now, I gotta tell you, we grew up in Section 8 housing, which is government assisted housing. My dad worked three or four jobs at any given time to be able to make enough money to pay for our ship apartments that we lived in. One of the times I got lice because the apartment that we lived in was so filthy. My, my mom had to have my dad siphon out gasoline from a park car to wash my hair with gasoline. Couldn't even afford live stream it. So I didn't speak English, I didn't understand the culture. All I did was add value, serve humanity, add value, serve humanities. As I grew up, I just took a liking for fitness and decided that I was going to go into the personal training space. And I wanted to help people transform their bodies and their minds. You know this, you're in great shape. When you transform your body, your mind follows. You become more optimistic, more positive, more focused, more disciplined. Mental toughness, all those things, confidence soars through the roof. And I love seeing my clients do that. So I kept asking myself, how do I scale my personal training business? Thankfully, one of my personal training clients, this older gentleman, Jim Franco, very crude. He goes, you will never be able to scale unless you know how to sell and you're a horrible sales kid. And I, he said, jim, I vetted what I sold you a six month training program three times a week, seven grand that you paid, man. He goes, I came in wanting a six month program three times a week. You just took my order. And no one had ever spoken to me that directly before because during order taker, not a salesperson. And until you can learn to sell, you're never going to grow. And so really cook matters. I mean he was a multimillionaire software company in the automotive industry. And he brought me Zig Ziglar cassette tapes, Brian Tracy books, Tom Hopkins. Like I was introduced to all these salespeople and I would listen to the cassette tapes, I would read the books and I started to develop the skill of persuasion and influence sales overcoming objections. And before I knew it, there was four or five, six trainers working 100. Before I knew that, he loaned money, 8% interest to open up my own little studio. That led to four more, that led to coaching and consulting GM owners, that led to starting this giant empire, Body care. So as the housing market crashed back in 2008, I knew that one on one personal training was not going to be a thing anymore at that point. And so I had learned from Jim Franco that anytime there's a disaster, there's people capitalizing on a disaster. Like when the stock market crashes, housing market crash, anytime there's a disaster, not everyone loses their money. He taught me that money doesn't just go away, it exchanges hands. And the example he gave me was he goes, even at the worst of economy, you can see people driving Mercedes Land Rovers, rolls Royces, Bentley's, etc. And so he goes, you just have to find who's got the money and end up adding value to their life. With that in mind, housing market crash in 2008, I knew people weren't going to be able to afford one on one expensive personal training. So I said, if we can take that outdoor boot camp, the personal trainers do outside group training, bring it indoors with equipment, a system and legitimize it. I can create a franchise system where it's one trainer, many clients and bring down the cost of personal training because it'll be a group environment, group personal training. That's how fitbody boot camp was born. Like within the first two years we had hit 100 locations and you know, as, as we grew to 200, 300, 400, 500 locations worldwide and beyond. We were hitting the Inc 5000 list entrepreneur, 200 fastest growing franchise lists. And what I had realized at that point is whenever there is a disaster, you can become a solution and therefore create a new product to serve humanity. And so that's how FitBody Boot Camp grew. And through there, as we grew beyond 500 fit body boot Camp locations, and the average location has 300 to 500 paying clients, you know, they'll pay about 200, $149 a month. I realized, all right, what else do our clients need? So here's another great opportunity for entrepreneurs. They are. If you're serving people who are trying to get fit, lose weight, what else do they need? Well, they probably need supplements. They need protein, they need hydration supplements. They need something to help them with their immune system and inflammation. So I said, well, why not create a supplement line as well? So we created truly a supplement company that serves our clients throughout Fit Body Boot Camp locations worldwide. And here's the crazy thing about that. You fast forward all these years in 2020, when the pandemic took place and nobody was buying a gym franchise from me because everyone thought the gyms were, well, gyms were struggling. Gyms and restaurants took it in the shorts, you know that. And so it actually surprised me that in 2020, we actually sold six new franchise locations. And I was like, every time someone would buy one and like, are you sure you're buying a franchise location for me right now, they go, nah. I go know, I'm not going to give you a refund. That was very transparent. At that point. I'm doing sales because we had, we had, you know, we didn't have much. We have a thin skeleton staff. Yeah. And I said, listen, I know things will turn around with the economy, and when they do, you're going to be in a good opportunity. But just to give you some contrast, we would normally, before the pandemic, we would sell six to eight new franchise locations per month. And now all of 20 sold six locations. And so I was just grateful for those six because, you know, in that time, we also lost over 200 franchise locations. But here's a beautiful thing about it is when the pandemic happened and gyms had to shut down, our supplement company started to hockey stick and our immune system product, because everybody was really into building their immune system, trying to fight off the virus. That thing went on Amazon and just started blowing up. So there's so much to be said about creating multiple income streams, because when one stream dries up, you've got another stream that might Hockey stick and really keep you afloat. And so I've had the good fortune, obviously, over the years to build many income streams by investing in companies, apparel companies, software, etc. But my two core companies, Fit Body, Boot Camp, the International Franchise, and Truling, thankfully continue to thrive. And they're in an industry where I love serving people, making them better, building their immune system, building their health and confidence. And so that's always the industries that I like to play in.