20min chapter

Acquiring Minds cover image

Buying Small, Growing Big: From $1m to $26m

Acquiring Minds

CHAPTER

Scaling Home Service Businesses with Total Addressable Market Analysis

Exploring the significance of Total Addressable Market (TAM) in various home service sectors like plumbing, HVAC, and garage door services. Discussing the differences between licensed and unlicensed operations, the importance of 'all service, no install' models, and the preference for businesses with a service and install component. Emphasizing the value of recurring revenue models, understanding market size, and the challenges and realities of entrepreneurship in scaling a business.

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