Acquiring Minds Adjusting to Life in a Nocturnal Business (with $525k SDE)
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Dec 16, 2024 Tom Matter, co-owner of ProDuct Cleaning, transitioned from tech to entrepreneurship, teaming up with his brother, Dawson Matter, to run a vent cleaning business. They discuss the challenges of operating a nocturnal business, from managing customer complaints to upgrading equipment. Tom juggles his tech job while Dawson handles operations. The duo also reveals their struggles with employee communication and the difficulties of chasing payments from clients, all while maintaining an impressive 42% profit margin.
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Tom's Entrepreneurial Journey
- Tom Matter, nearing 40, felt a burning desire for more agency, leading him to explore entrepreneurship.
- Despite a successful tech career, he craved the freedom of owning a business, inspired by his entrepreneurial father.
Handling Broker Requests
- When brokers ask for proof of funds, show enough to cover an SBA loan down payment.
- Explain your intention to finance the purchase, emphasizing the business's financials will secure the loan.
ProDuct Cleaning Services
- ProDuct Cleaning involves cleaning restaurant vent hoods, filters, exhausts, and fans.
- It's a nocturnal, multi-person job, often requiring two-person crews for several hours, using lye and hot water.
