Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk to tech investor and entrepreneur Michael Girdley (@girdley), about selling fireworks, how to hire great CEOs, and what it takes to operate a successful holding company.Also, want $5,000? Check out the My First Million Clips contest.-----Links:* Michael Girdley* Near* Alley Corp* Zola* Black Rifle Coffee* Pop Sockets* Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.* Want more insights like MFM? Check out Shaan's newsletter.-----Show Notes:(05:00) - How rich are you?(08:55) - Which business is the best cash cow?(15:40) - Waste paper mill in China(21:30) - The anti-advice of Berkshire Hathaway(27:05) - Hiring great CEOs(32:50) - What it takes to run a holdco(56:40) - Unpopular opinions-----Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.-----Additional episodes you might enjoy:• #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits• #209 Gary Vaynerchuk - Why NFTS Are the Future• #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto* #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett• ​​​​#218 - Why You Should Take a Think Week Like Bill Gates• Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More• How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Michael Girdley is an entrepreneur. He's the owner of 10+ businesses (including fireworks, software, school, and coffee chain) totaling more than $100,000,000. And this conversation is unlike anything Michael has published publicly.  We spoke about generational differences, what it's like to raise children, why he's loving Spanish, why he lacked courage when he was younger, common mistakes people make in their 20s, replacing companies with religion, and much more. - Michael's Links Twitter: https://twitter.com/girdley Linktree: https://linktr.ee/girdley - Resources Mentioned • Zen and the Art of Motorcycle Maintenance: An Inquiry into Values by Robert Pirsig – https://www.amazon.com/Zen-Art-Motorcycle-Maintenance-Inquiry/dp/0060589469 • Zen Mind, Beginner's Mind by Shunryu Suzuki – https://www.amazon.com/Zen-Mind-Beginners-50th-Anniversary/dp/1611808413 • Michael Girdley Thread on Effectuation: https://twitter.com/girdley/status/1517850790148263936 - SPONSOR: This episode is brought to you by My First Million. This is the podcast that I listen to and recommend whenever I want to learn more about business, technology, or the future. Sam Parr and Shaan Puri are hilarious, informative, and interesting. Check it out! – My Links ✉️ Newsletter: https://dannymiranda.substack.com 🎙 Podcast: https://anchor.fm/dannymiranda 🎥 YouTube: https://youtube.com/dannymiranda 🐣 Twitter: https://twitter.com/heydannymiranda 📸 Instagram: https://instagram.com/heydannymiranda 🕺 TikTok: https://tiktok.com/@heydannymiranda

Michael Girdley and Mills Snell discuss a productized design services agency for startups. They explore the business model, customer relationship management, and the effects of the macro environment on agencies. They also touch on the unique aspects of this particular business and the negotiation strategies for acquiring it.

Michael Girdley, a successful entrepreneur, shares insights on building a $100M+ holding company. They discuss acquiring businesses, making big decisions, building communities, tech continuing education, family businesses, and the strategy of buying hyper-niche software. They also explore the success of a reclusive founder and the importance of long-term commitment.

Episode 73: Alex Lieberman (@businessbarista) talks about EOS, an operating system for running & scaling your business successfully. In 2019, Morning Brew used EOS to scale the business from 15 people and $3 million in revenue to 300 people and $75 million in revenue. Michael Girdley is an entrepreneur and content creator who has a holding company of 12 businesses that do $100m in annual revenue. Michael is an EOS expert, having read Traction (which is the Bible of EOS dozens of times) and applied EOS to all of his portfolio companies. By the end of this episode you’ll understand how EOS works, have tools to apply it to your business, and understand if it’s a framework you want to understand more deeply.Links: Traction by Gino Wickman: https://www.amazon.com/Traction-Get-Grip-Your-Business/dp/1936661837  EOS Tools: https://www.eosworldwide.com/eos-tools  Send us an email and let us know what you think of the idea! foundersjournal@morningbrew.comGrow more (and stress less) with Brex: brex.com/foundersjournal#FoundersJournal #Startups #EntrepreneurListen to Founder’s Journal here: https://link.chtbl.com/OV4W93_WWatch Founder’s Journal here: https://www.youtube.com/@FoundersJournal/ Subscribe to Morning Brew!Sign up for free today: https://bit.ly/morningbrewytFollow The Brew!Instagram - https://www.instagram.com/morningbrew/Twitter - https://twitter.com/MorningBrewTik Tok - https://www.tiktok.com/@morningbrewFollow Alex!Alex Lieberman (@businessbarista) Learn more about your ad choices. Visit megaphone.fm/adchoices

Michael Girdley, an entrepreneur with $100 million in annual revenue, discusses effectuation as a lower-risk approach to startups. They explore finding business ideas through understanding problems and leveraging strengths. They also touch on learning from mistakes, creating playbooks, and challenging misconceptions about entrepreneurs.

Chris Bakke and Michael Girdley talk about venture studios.

Want to receive this listing in your inbox? Signup for our weekly newsletter:https://www.getrevue.co/profile/acquanon-----Michael Girdley (@Girdley) and Bill D’Alessandro (@BillDA), we discuss a very profitable Spa And Beauty Center located in Clark County, Las Vegas, Nevada. We will find out how a business like this works and what’s interesting about this kind of enterprise.Moreover, we will be unlocking vital information on how this business is winning and how they strategize to keep their customers coming back. Comparing this to the previous episode’s Las Vegas Wedding Chapel Chain, we will find out which one is better for Bill. Also, we will know if Michael already had an experience in Med Spa!-----Thanks to our sponsors!* CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.-----Show Notes:(00:00) - Introduction(00:36) - Our Sponsor is Cloudbookkeeping(02:03) - Deal & Financials: Very Profitable Spa And Beauty Center (03:26) - How does this business work?(08:04) - Has Michael already tried Med Spa?(09:10) - What is so interesting about this business’s customer base?(12:35) - What secret is Michael sharing?(14:53) - What do we like about this deal? Why is the Cost Of Goods Sold (COGS) so low?  (16:20) - Is there a retail operation behind the main business?(17:58) - What is the moat and strategy for this business? Why are these guys winning?(20:32) - How do these guys sell their services?(22:24) - Are there hidden capital expenditures?(23:21) - How to get your employees to overperform?-----Additional episodes you might enjoy:#130 Should we buy this Vegas Wedding Chapel Chain?#128 Who should buy this $4.4m EBITDA, cashflow machine?-----Subscribe to weekly our Newsletter and get curated deals in your inboxAdvertise with us by clicking here Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations. For inquiries or suggestions, email us at contact@acquanon.com

Want to receive this listing in your inbox? Signup for our weekly newsletter:https://www.getrevue.co/profile/acquanon-----Michael Girdley (@Girdley), Bill D’Alessandro (@BillDA), and Mills Snell (@thegeneralmills) talk about a Medical Industry Staffing Company.Staffing agencies recruit candidates on behalf of employers to fill team openings and help candidates find career opportunities in their field. We discuss some challenges and difficulties you can experience when running this type of business. We also determine whether we like this deal, and if it is more cost-effective to build it ourselves or buy it.-----Thanks to our sponsors!CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options. ----- Show Notes:(00:00) - Introduction(00:37) - Our Sponsor is Cloudbookkeeping(02:15) - Big thanks to our listeners! We got through our 150th episode 😊(03:22) - Deal & financials: Medical Industry Staffing Company(05:20) - Do we like this deal? What’s our take on the stated financials?(06:20) - How does this business work? What’s the potential size of this business?(10:12) - How do staffing companies work?(14:12) - What is the major moat for staffing businesses?(18:20) - What incentive alignment do you need to work out when outsourcing recruitment?(24:00) - Is there a Bull case for this one?(26:26) - Does this pass the tailwind test?-----Additional episodes you might enjoy:#149 - Is this car spinner business a good side hustle?#148 - Growth Marketing explained: Shopify Superfood Greens Brand with 40% subscription rate w/ Baller Jesse Pujji#147 - $9.6M EBITDA Florida Armored ATM Services Business#141 - A very profitable B2B Internet Business in the Petcare Vertical#140 - Let’s SBA the heck out of this deal - with Special Guest Heather Endresen-----Subscribe to weekly our Newsletter and get curated deals in your inboxAdvertise with us by clicking here Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations. For inquiries or suggestions, email us at contact@acquanon.com

Exploring the rise of holding companies with Michael Girdley, a successful entrepreneur. Insights into managing a diverse holding company and the opportunities it offers. Discussing the benefits of cross-pollination, resilience, and value propositions within a holdco model. Navigating time management, delegation, and the qualities of great holdco entrepreneurs. Exploring software valuations, AI impact on investments, and the changing dynamics of business acquisitions.