The Path to Becoming a Better Operator & Strategist

55 snips

Jan 2, 2025

Tim Lahey, owner of r:home, a dynamic residential technology company, shares his remarkable journey of tripling his business since acquisition. He discusses the concept of searching for 'dusty, not rusty' companies for investment opportunities. Tim reveals insights on navigating cash flow challenges and managing customer complaints, emphasizing the significance of active involvement in operations. He also explores evolving company culture and the transformative impact of listening to customer needs as keys to sustainable growth in today’s competitive market.

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ANECDOTE

Inspiration and Mentorship

Tim Leahy was inspired to buy a business after hearing Doug Cook's story in an entrepreneurship class.
Years later, he reached out to Cook and received valuable mentorship, starting his acquisition journey.

ADVICE

Network and Discover

Talk to various professionals when exploring business acquisition to understand the risks and processes involved.
Network with business brokers, accountants, and lawyers to gain diverse perspectives.

INSIGHT

Seeking Agency

Tim Leahy had a successful finance career, with potential for a high-paying leadership role at the Federal Home Loan Bank.
Despite this, he desired more control over his destiny and sought entrepreneurial pursuits.

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