Acquiring Minds One Year Into a Garage Door Business with $350k SDE
Sep 19, 2024
Brittney Orellano, a savvy entrepreneur, dove into the world of business acquisition by purchasing a garage door company after years in property management. She shares the rollercoaster of challenges during her first year in operations, including unexpected costs and cash flow issues that led to tough decisions like layoffs. Brittney also discusses innovative marketing strategies and team dynamics, highlighting the importance of employee retention and adaptation in a service-oriented business. Her journey is both inspiring and insightful, perfect for aspiring business owners.
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Prepare for Working Capital Needs
Anticipate significant working capital needs when acquiring a business. Ensure you have enough reserves to cover unexpected expenses after the purchase.
Initial Excitement
Brittany felt a surge of motivation after hearing Cody Sanchez's podcast about buying businesses. This led her to pursue business acquisition aggressively within just a few months.
The Value of Existing Businesses
Brittany realized the potential of buying established businesses compared to starting from scratch. This understanding changed her perspective on entrepreneurship.