🌃 ➡️ 🏔️ 💻 ➡️👷🏼♂️ This year, I acquired a demolition company in the Rockies and doubled down on my dream of business ownership. It’s already been a wild ride and I couldn’t be more excited! I’m not a guru, but will share here along the way 🫡
Seeing ANOTHER demo company listed for sale and priced like a home services business. Someone is going to make the same mistake I made. If you're going to do that anyway, reach out to me and I'll sell you Cooper Demo for an 8X EBITDA multiple. At least you'll have business that…
Woke up 3 hours early from stress. Probably just how it's going to be until we "survive" another winter. The last two have been crushing due to seasonality and an insufficient sales pipeline. But today is also billing day for the month. This Nov we are 4.51X last Nov,…
I am looking forward to joining @LisaGForrest (@LiveOakBank), Charles Miller (Cooper Demolition) & Aizik Zimerman (J. Blanton Plumbing) for a workshop on demystifying SBA 7(a) financing and going into two real world case studies on post-acquisition outcomes based on how deal…
I call this the “payroll sweats”
There are two types of people in this world: those who’ve sweated payroll, and those who haven’t. Happy Friday to everyone waiting on a big customer payment on Monday so Tuesday’s payroll funding clears. Hope you get some rest this weekend.
A week in Orlando has me thinking two things: 1. Excited for future opportunity in central Florida 2. I am uninterested in our second office being in Orlando proper and will need to do more research before committing to a city
When we revamped our estimating (estimator quit and I had to learn on the fly), we brought it down to the basics. “How many guys and how many days?” Was pretty much the recipe.
A lot of people have asked how I accurately bid and presold ~$35K before ever touching the skid steer. It’s been a combination of - bidding by time at the market day rate - using average forestry mulching speed (1 acre/day for my machine) to give a realistic completion range…
Unpopular opinion: No one should have a TV in their bedroom. That bluelight shining, WiFi emitting, distraction device ruins sleep more than people want to admit.
Come join us at the Chicago Booth eta conference where @AizikZimerman and Charles Miller of Cooper Demo will both share their stories with us CASE STUDY style. @sarah_m_andrews @SBA_Matthias and me will be leading a breakout session on SBA lending that walks through deal…
October was our biggest sales month ever. We shattered our previous record of $2.6M. Turnover still needs to catch up but we have a lot of momentum right now.
I’m with @STLChrisH, I’m lost why this is even remotely controversial. Our first biz was <$500K in SDE b/c that is what I could afford and still own 100%. I’ve told the story many times that it took years for me to afford a management team, for each acquisition I’d replace the…
I didn’t expect this to be so controversial. It is not a judgment on this level of income - $500k SDE is great. Rather, it’s about recognizing that buying a business at this scale requires the buyer to immediately assume the job of the seller. And the seller is likely in a…
Has anyone tried ServiceTitan on the commercial construction subcontractor side?
I Don't even think about EBITDA anymore. At all
Fun day: - total brake failure on the highway; decided I was done for the day afterwards - a whole crew is wanting to quit because the client changed working hours and now they have to drive through rush hour
Today is the first day I’ve legit thought about quitting my HVAC company. And I’m the owner.
Honestly having trouble concentrating after last night's world series game. And now we get to watch Ohtani pitch 18 hours later. #WorldSeries
I only watch baseball for the World Series and WBC. Nothing quite like playoff baseball pressure.
ASU is so good that ASU and Houston are both trying their hardest to beat ASU and it’s only resulted in a 17 point lead.
I thought I understood the difference between subscale and at-scale businesses, but you don’t fully understand until you buy a subscale business. Consider this a warning.
Best kind of problem: needing to call your bank to increase check deposit size limits
Me when I do a site visit and hype up the crew
Powerful: Colts owner Carlie Irsay-Gordon was spotted on the Colts' sidelines hyping up the players while they were dominating the Chargers. She is fully involved in all team activities. We have never seen an owner as dedicated as this.
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