#15 - Should Matt Take Over His Mom's Cleaning Business? Also, RIP Charlie Munger
Stupid Tax
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Navigating Challenges in Service Businesses
The chapter explores the hurdles faced by service businesses like pest control and cleaning services, including the struggle to scale due to low margins and competition. Insights are shared on finding quality personnel, differentiating in the pest control sector, and comparing the profitability with accounting firms. Strategies for growing a cleaning business while considering a potential takeover from the speaker's mother are discussed, drawing on valuable lessons in client selection and exploring alternative business opportunities.
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