Acquiring Minds
Trailer
Bonus
Episode 126
Season 1
Growing a Small 1st Acquisition into a Holdco Platform
Andrew Hitchings bought a $250k SDE cooling biz. It has grown 3x and will now fund a 2nd acquisition, with more to come.
Topics in Andrew’s Interview:
- Andrew and his wife bought a home ventilation business in April 2020
- How 7 months on a motorcycle prepared them for running a business together
- His history in the Army, business school, and McKinsey & Company
- How his business partner Max improved employee training
- Why he looks at the P&L every day
- Expanding their seasonal business to a year-round business
- How they mitigated the risk of buying a business with a single employee
- Three things a business owner should focus on
- Why they hire for character, not experience
- His strategy for building a holdco
References and how to contact Andrew:
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