The Property by Kazy Podcast
EP 75 | Dee Ludlow: “Don’t Buy A House Do This Instead!” | PBK Podcast
Oct 12, 2024
Dee Ludlow, a seasoned entrepreneur and real estate expert, shares insights from his impressive 18-year career. He emphasizes the importance of focusing on net profits over revenue when buying businesses. Dee contrasts property investing with business acquisitions, highlighting the complexities of both. He discusses the emotional journey of restoring properties, the significance of community support, and the necessity of resilience in entrepreneurship. Ultimately, he encourages enjoying the process of success rather than just the financial outcomes.
45:19
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Quick takeaways
- Understanding the fundamentals of business acquisition, including cash flow and valuation metrics, is crucial for successful investments.
- Focusing on the journey and personal experiences in business yields greater fulfillment than solely chasing financial milestones.
Deep dives
The Landscape of Business Acquisitions
In the past 24 months, over 30 business acquisitions have been completed, totaling nearly 100 million in value. This significant activity highlights the increasing trend of entrepreneurs seeking to expand their portfolios through strategic buyouts. It is emphasized that when discussing business revenues, one must differentiate between gross revenue and actual take-home profits, as many entrepreneurs may inflate their statuses by focusing on revenue numbers that do not reflect true profitability. Instead of chasing vanity metrics, the focus should be on understanding deal structures and the effective management of these businesses post-acquisition.
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