Millionaire University

7 Rules For Creating Wealth - Part 3 | Andrew Giancola (MU Classic)

Sep 29, 2025
Guest
Andrew Giancola
Andrew Giancola, a personal finance podcaster and entrepreneur, shares insights on wealth-building and his journey in business acquisition. He discusses the advantages of buying cash-flowing businesses over starting new ones, telling the success story of his pickleball facility. Andrew highlights strategies for finding businesses for sale and the importance of smart financing. He emphasizes using wealth as a tool for freedom and advocates for an abundance mindset, showcasing how money can enhance life and facilitate entrepreneurship.
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ANECDOTE

From One Facility To A Multi-Location Chain

  • Andrew bought into a local pickleball facility and learned the business hands-on from the original owner.
  • They expanded to multiple locations after discovering repeatable revenue drivers and community demand.
INSIGHT

Think Of Courts As Rental Units

  • Andrew treats each court like a rental unit and designs operations to maximize revenue per court.
  • Focusing on community events and classes converted casual players into consistent paying customers.
ADVICE

Start Small Before You Buy Big

  • If you're new to owning businesses, start one yourself to learn the operational pressures and stress.
  • Buy a business only if you understand operations or the seller will stay on to teach you the ropes.
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