Here is the dream story of many entrepreneurs:
Owning a business that generates so much free cash flow that you can invest in/acquire 8 businesses.
I’d even call him Andrew Wilkinson Jr…
Capital allocation at its best…
Started in 2017…
Today there are 8 companies in his portfolio.
All while being 32, traveling & living in 20 countries, having Tim Ferriss as an inspiration and driving a Range Rover Sports.
Most importantly, being generally happy and relaxed (my comments about him).
"The freedom of location. For the past 7 years I’ve lived and worked in 20 different companies. Only thanks to the businesses I ran.”
We discuss:
— Building a list of companies to acquire
— Finding the absolute best off-market deals
— Growing businesses 2-3 times in 18 months
— A 30-day post-acquisition action plan
— One book that changed his life forever
00:00:00 - Intro
00:00:29 - Early failures turned into successful cash-flow machine
00:03:20 - Andrew Wilkinson from Tiny as a big influencer
00:05:18 - Acquiring a business using seller financing or not doing a deal at all
00:07:54 - Capital allocation at its best - buying vs. starting
00:11:19 - 8 businesses, 8 different CEOs
00:18:35 - Growing portfolio companies 2-3x in 18 months
00:21:19 - How to build a database of companies you want to acquire
00:23:52 - How to acquire a business in 30 days
00:27:59 - This is how you build a company where people want to work
00:32:11 - Turning big mistakes and failures into success
00:36:09 - Diversification, diversification, diversification
My full conversation with Lee Betts, the founder of BettsCo — Stream now.
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Lee on Twitter: https://twitter.com/leebetts_
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
