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Join me, Nik (https://x.com/CoFoundersNik), and Nolan Gore (https://x.com/leadershipacad1), who runs a thriving residential lawn and landscaping business. In this episode, Nolan shares his journey, from acquiring his first business to scaling it to over $7.5 million in revenue with 18-21 crews. We explore the highs and lows of entrepreneurship, the challenges, lessons learned, and the emotional rollercoaster that comes with running a business in the home services industry. Nolan talks about making tough decisions, how he navigated acquisitions, and what it really takes to build a successful business. If you're curious about buying a small business or what it's like to operate one, this episode will give you a raw and honest look.
Questions this Episode Answers:
- How did Nolan scale his lawn and landscaping business to $7.5 million in revenue?
- What are the key challenges in running a home services business?
- How did Nolan approach acquiring a competitor and what lessons did he learn?
- Why is leadership experience crucial for running a business?
- How do you deal with the emotional ups and downs of entrepreneurship?
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Love it or hate it, I'd love your feedback.
Please fill out this brief survey with your opinion or send me an email at Nik@cofounders.com with your thoughts.
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This week we covered:
00:00 From Military to Entrepreneurship: A Journey Begins
02:54 Scaling a Landscaping Business: The Reality of Growth
05:47 The Importance of Naivety in Business Ventures
09:12 Navigating Family Expectations and Business Risks
12:08 Lessons from Early Failures: The Value of Experience
15:07 Understanding the Emotional Rollercoaster of Entrepreneurship
18:01 The Art of Hiring: Learning from Mistakes
20:58 Tuck-In Acquisitions: Expanding Through Strategic Growth
25:18 The Emotional Journey of Business Acquisition
28:07 Navigating Financing Challenges
30:32 Lessons Learned from Due Diligence
36:56 Growth Aspirations and Business Philosophy
40:19 The Human Element in Business Management
43:14 Industry Jealousies and Aspirations
47:36 Advice for Future Leaders
