Business idea · SaaS
Memoize Business Deals
Memoize Business Deals: Develop a service that guides entrepreneurs in writing structured memos for their business acquisition evaluations, akin to a due diligence checklist. This service could automate the memo-writing process and provide templates for various industries. It was pitched on My First Million in the episode "How I Bought a $3.4M Business For $200K" (aired July 4, 2025).
At a glance
| Podcast | My First Million |
|---|---|
| Hosted by | Sam Parr and Shaan Puri |
| Episode | How I Bought a $3.4M Business For $200K |
| Aired | July 4, 2025 |
| Category | SaaS |
| Real companies on the episode | Fleet Packaging, SEO Company, Sobbi Sushi, Commercial Real Estate Investments, Egg Carton Business, Sausage Company |
The problem it solves
Many business buyers struggle with organizing their thoughts and evaluations of multiple deals, leading to poor decision-making. This service would help streamline the evaluation process and ensure key factors are considered before making an acquisition.
How it makes money
Subscription-based model where users pay a monthly fee for access to templates, tools, and personalized guidance.
Skills you need
Strong writing skills, knowledge of business evaluation, understanding of various industries, and experience in entrepreneurship.
The market, and why this works now
The rise of no-code platforms such as Airtable allows entrepreneurs to create customized memo templates without extensive programming knowledge. A viable first-revenue move is to partner with local chambers of commerce to offer workshops on effective business evaluation, introducing the service to potential subscribers. A notable risk is the initial capital required to develop the platform and marketing materials, which may extend the time to profitability if user acquisition costs exceed projections.
Our analysis, written after the episode. Not a quote from the show.
Real companies discussed on this episode
- Fleet Packaging
A packaging distributor that works with large retailers in the US, providing various types of packaging solutions including bags.
- SEO Company
An SEO business that competes with larger platforms like SEMrush, providing services to improve search engine visibility.
- Sobbi Sushi
A sushi restaurant concept aiming to replicate the Chipotle model, allowing customers to choose their ingredients in a fast-casual setting.
- Commercial Real Estate Investments
Investments in shopping centers and commercial real estate, specifically targeting properties with high occupancy rates.
- Egg Carton Business
A business that specializes in manufacturing and selling egg cartons, highlighting the niche market of packaging for agricultural products.
- Sausage Company
A food business that had a significant client but operated without a formal contract.
Where this idea came from
Podcast: My First Million, hosted by Sam Parr and Shaan Puri
Episode: How I Bought a $3.4M Business For $200K
Aired:
Summarized from the episode transcript. The show does not say which speaker raised each idea, so we credit the show, not a person.