Let’s Buy a Business Startup to $15M Revenue + 2 Acquisitions with Jordan Hammond
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Jul 2, 2024 Jordan Hammond, a dynamic entrepreneur who turned early setbacks into stepping stones, shares his journey of scaling a startup to $15 million in revenue while completing two acquisitions. He discusses the power of collaboration, especially with competitors, to overcome challenges. The importance of a skilled CFO and networking in strategic growth are also highlighted. Jordan reveals his insights into navigating cash flow issues and his plans for future acquisitions, showcasing how creativity can drive revenue, even in uncertain times.
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Early Bankruptcy
- Jordan Hammond experienced bankruptcy early in his business career.
- He persevered, seeing the failure as a learning opportunity and returning to entrepreneurship.
Spotting and Preparing for Opportunities
- Identify opportunities within existing markets, even those overlooked by large companies.
- Build your expertise and network before leaving your current job.
Building Trust and Early Challenges
- Jordan convinced former customers to buy from his new venture, building trust despite initial skepticism.
- He overcame cashflow issues, even benefiting from a supplier's delayed invoice.