HoldCo Builders How I Acquired 8 Companies By Age Of 32 While Traveling To 20 Countries | Lee Betts Interview
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Apr 7, 2024 Lee Betts, founder of Betzco, shares his remarkable journey of acquiring eight businesses by age 32 while living in 20 countries. He discusses the art of capital allocation, the importance of off-market deals, and how to efficiently grow his portfolio companies by 2-3 times in just 18 months. Lee emphasizes founder quality over industry fit, highlights his coaching approach to management, and reveals strategies for optimizing financial security and lifestyle. His inspirations include Andrew Wilkinson and Tim Ferriss, guiding his diverse entrepreneurial path.
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Humble Beginnings Fueled Work Ethic
- Lee Betts started working long manual jobs as a teen to earn spending money and learned a strong work ethic early.
- He grew up without business role models, which fueled a desire to chase wealth and opportunities.
Brokered Sale Drained Time, Not Cash
- Lee attempted to sell his cold-email agency via a broker and spent hundreds of hours prepping for deals that never delivered meaningful cash.
- He learned most buyers expect heavy seller financing and earn-outs, which made selling unattractive to him.
Productize And Systematize Agency Services
- Productize your agency: offer one clear service at one price to make delivery predictable and scalable.
- Bunch similar tasks and standardize reporting to reduce overhead and train sales hires faster.