Acquiring Minds The Scrappy Path of a One-Man Holdco
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Jul 22, 2024 Dustin Carreon shares his journey from a scrapping business to acquiring multiple businesses. He discusses key learnings from tough acquisitions, the importance of timing and luck, and the challenge of building a holdco. Topics include cross-training employees, balancing staff numbers, and growing a business without a college education
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Early Entrepreneurial Exposure
- Dustin Carreon grew up in Los Angeles, exposed to entrepreneurship through his father's scrap metal business.
- He later scaled his own electronics distribution business, Freelance Electronics, after a $2,000 investment from his father.
Mentorship and Inspiration
- Dustin's father allowed him to pursue the electronics distribution business and mentored him.
- An old scrap dealer, Bob Averback, further inspired Dustin by demonstrating the potential scale of the electronics business.
Inventory Valuation as Business Valuation Training
- Dustin's experience valuing bulk inventory purchases for Freelance Electronics prepared him for valuing businesses.
- This process involved estimating future cash flows, similar to discounted cash flow analysis.