Acquiring Minds Networking His Way to $800k SDE
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Feb 13, 2025 Alex Holley, owner of Be Dry Systems and Ramjack Louisville, transitioned from consulting to owning weather-dependent businesses specializing in waterproofing and foundation repair. He shares his journey of networking through 100 meetings in just four months to acquire a $4.5 million home services company. Alex discusses the intricacies of managing a crew, integrating two brands, and navigating early payroll challenges. His emphasis on building rapport with employees highlights the importance of trust and communication in the blue-collar sector.
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Local Networking
- Network proactively and systematically to find deals in your local market.
- Aim for at least one meeting per day to increase deal flow.
Startup vs. Acquisition
- Alex Holley explored a tech startup in the bourbon industry but ultimately decided against it.
- He preferred acquiring an existing business due to perceived lower risk and his desire for a local venture.
Announce Your Intentions
- Publicly announce your intention to buy a business to boost your confidence and attract potential leads.
- This "self-fulfilling prophecy" can inspire action and generate interest from unexpected sources.
