Owned and Operated - A Plumbing, Electrical, and HVAC Business Growth Podcast #220 Buy vs. Build: Start or Acquire Your First Business?
Jul 8, 2025
The conversation dives deep into the dilemma of buying vs. building a business in the HVAC and plumbing sectors. Insights unfold on the immediate advantages of acquiring an existing operation and the importance of specialized staffing solutions. The hosts tackle financial strategies, risks, and market conditions, emphasizing the need for understanding personal strengths and limits. Real-world stories illuminate the complexities of navigating entrepreneurship versus traditional employment, making it a valuable resource for aspiring business owners.
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Small Biz Buy Like Building
- For entrepreneurs starting small, buying a tiny 1-2 person shop is basically like building from scratch.
- Buying a business can give you a ringing phone on day one but carries operational risks.
Buying Can Break Systems
- Buying a business can bring major distractions and break your systems.
- Investing in growth initiatives can sometimes be simpler than fixing issues in an acquired business.
Prioritize Cultural Fit
- Cultural fit is critical when buying a business; if there's mismatch, issues arise and key staff quit.
- Building your own team helps ensure compatibility and reduces headaches.