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Action Academy | Replace The Job You Hate With A Life You Love
How To Fix Operations & SCALE Any Small Businesses That You Buy (He Has $37M Of Businesses At 30 Years Old) w/ Cody Barton
Oct 8, 2024
Cody Barton, a serial entrepreneur with over $40 million in business and a $10 million real estate portfolio, shares invaluable insights on scaling small businesses. He discusses the transition from real estate to acquisitions, emphasizing strategic partnerships and clear communication. Cody outlines effective hiring practices while avoiding micromanagement and highlights essential due diligence for acquisitions. He stresses the importance of solid foundations and autonomy in managing operations, ensuring sustainable growth and revenue increase for business owners.
01:00:23
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Quick takeaways
- Cody Barton differentiates between top line and bottom line CEOs, emphasizing the need for operational excellence in business acquisitions.
- His approach to business acquisition highlights the crucial role of due diligence in uncovering hidden financial issues before committing to a purchase.
Deep dives
Understanding CEO Roles in Business Acquisitions
The podcast highlights the distinction between top line CEOs and bottom line CEOs in the context of business acquisitions. Top line CEOs are skilled in driving sales and marketing for operationally sound businesses, while bottom line CEOs focus on improving the operations of companies that have strong lead generation but poor operational systems. Cody Barton, a guest on the episode, exemplifies the bottom line CEO, specializing in transforming the operational side of businesses. This understanding of roles is crucial for listeners considering buying businesses, as aligning capabilities with business needs is fundamental for successful management.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode