The Boardroom Buzz: Grow, Sell, or Exit

Episode 193 — Evolve's Blueprint: Rapid Growth to Strategic Exit

Oct 17, 2024
Shad Teerlink and Nephi Julien, co-owners of Evolve Pest Control, share their wild journey from a mere 323 clients to a successful mult-million dollar exit. They reveal how they overcame financial hurdles through aggressive door-to-door sales and creative strategies. The duo emphasizes the importance of hiring aligned with core values to maintain culture during rapid growth. They candidly discuss the stress of building a business and the tough decision to sell, driven by competitive market conditions. What innovative approaches could you apply to your own business?
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ANECDOTE

Bootstrapping Early Growth

  • Nephi and Shad started with 323 clients in Mesquite, Nevada, with no pest control experience.
  • They grew the business rapidly through persistent door-to-door sales and bootstrapping without bank loans.
ANECDOTE

Dallas Expansion Challenges

  • Opening the Dallas branch was chaotic with Shad working 18-hour days handling every role.
  • Despite this, they maintained quality and retained customers through strict standards.
ADVICE

Balance People and Processes

  • Build strong systems and processes to replicate quality and allow management to enforce standards.
  • Combine systems with hiring the right people to achieve sustainable business operations.
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