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Acquiring Minds
The Path to Becoming a Better Operator & Strategist
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.
01:24:26
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Quick takeaways
- Tim Lahey's experience illustrates how acquiring smaller businesses can provide immediate value and essential operational insights for entrepreneurs.
- Successfully managing cash flow and client service expectations are critical challenges that necessitate thorough risk management during acquisition.
Deep dives
The Appeal of Buying Small
Acquiring small businesses can offer unique advantages, particularly for first-time entrepreneurs. Tim Leahy’s experience highlights the potential for immediate value extraction and the chance to learn the ropes in a more hands-on manner. By purchasing a home technology company generating $230,000 in Seller's Discretionary Earnings (SDE), he capitalized on an opportunity that allowed him to double the business in a relatively short time. This approach demonstrates that even smaller transactions can lead to significant growth and insights into industry operations.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode