The Startup Ideas Podcast
How to start a Holding Company
Nov 20, 2024
In this discussion, Michael Girdley, Chairman and CEO of Girdley Enterprises, reveals the art of structuring holding companies. He breaks down the various types of HoldCos—ranging from roll-ups to conglomerates—and emphasizes the freedom they offer entrepreneurs to diversify risks and create their ideal lifestyles. Michael shares his seven-step framework for starting a HoldCo and the low-cost technology that makes incubating new businesses accessible. Tune in for insights on leveraging passions and optimizing happiness through strategic investments!
47:32
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Quick takeaways
- Building a HoldCo allows entrepreneurs to diversify their risk and create a tailored lifestyle aligned with their passions and interests.
- The process of starting a HoldCo involves strategic planning, including defining goals, designing organizational structures, and assembling an advisory team for long-term success.
Deep dives
Understanding Holdco Strategy
Holdco, or holding company entrepreneurship, involves owning multiple businesses without managing them directly. This strategy contrasts with traditional entrepreneurship, where individuals typically run a single business. The discussion highlights various types of holdcos, including personal holdco models that emphasize community engagement and creativity. Exploring the differences between holding companies and venture capitalists, ownership stakes are emphasized, illustrating the significance of having control and influence over multiple businesses.
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