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In this episode, I scaled my business from zero to $3 million through organic growth, but eventually, I felt like I hit a ceiling. That’s when I decided to acquire a $2.5 million accounting firm in Los Angeles. In this episode, I explain why I made that decision, how acquisition compares to building from scratch, and what shifted in my mindset over the past couple of years. I also share what I learned from evaluating both sides of the growth equation and why firm ownership started making more sense than it ever did before.
Timestamps:
00:00:00 Intro
00:00:50 Why I didn't buy a firm to hit $3M revenue
00:01:56 Visiting the LA firm and evaluating culture
00:02:51 Organic growth vs. acquisition: hitting a ceiling
00:04:14 The power of trust, organic reach, and changing market dynamics
00:05:29 Learning to see both sides: building vs. buying
00:07:46 Pros of acquisition: faster and more scalable
00:10:07 Building a real business vs. owning a high-paying job
00:12:54 Synergies and valuation uplift from acquisitions
00:14:40 Cost breakdown: paid ads vs. buying a firm
00:17:08 Hiring risks vs. acquiring established teams
00:18:08 Final thoughts on firm ownership and what’s next
Want me to answer your real estate questions? Come to my next Ask Me Anything Q&A:
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*None of this is meant to be specific investment advice, it's for entertainment purposes only.
