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Acquiring Minds
Buying a Job to Build a Business
Nov 7, 2024
Matthew Railla, owner of Top Termite, shares his remarkable journey from business broker to hands-on entrepreneur in the termite inspection field. He discusses the challenges of buying a $500k business and the importance of rigorous mentorship. Matthew reveals the pain of crawling under homes to learn the trade and the labor-intensive realities of pest control. He also touches on navigating SBA loan options and the strategic visions he has for expanding his business in a competitive market. His story reflects resilience and commitment to craftsmanship.
01:16:03
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Quick takeaways
- Matthew Railla's hands-on approach in acquiring a termite inspection business enabled him to deeply understand the operation by learning the trade himself.
- His background in family entrepreneurship and business brokerage equipped him with valuable insights, which helped him navigate the complexities of buying a business.
Deep dives
Unique Acquisition Approach
Many entrepreneurs interested in trades businesses typically lack hands-on experience in fields like HVAC or plumbing, often depending on the teams they acquire for service delivery. However, Matt Rayla, a former business broker, took a different route when he stumbled upon an unsold termite inspection business in LA. After realizing the potential of the business and building trust with the retiring owner, Matt decided to buy the business himself. This meant learning the trade firsthand, which involved crawling under houses to conduct termite inspections, showcasing a commitment to genuinely understand and engage with the operational side of the business.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode