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In this episode, Paul breaks down how he left corporate to buy his first business when his wife got pregnant with their second baby, why he's bought 12 businesses in 25 years and refuses to sell the cash cows, and how he's setting up all five of his kids to run the exact same play.
◼️ What he sold (and downsized to) so his pregnant wife could stay home and he could buy his first business
◼️ Why he still works just 5-10 hours a week at the first business he bought 25 years ago
◼️ The lighting store he closed on two weeks before the 2008 housing crash
◼️ The single property he kept after selling the business attached to it (now worth $2.5M and paying him $100K a year)
◼️ The business he built from zero that he could sell for up to $18M (and why he won't)
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What is The SMB Deal Hunter Podcast?
Every week, Helen Guo interviews successful acquisition entrepreneurs, independent sponsors, and investors who have acquired businesses. Learn how to buy a business rather than starting one from scratch from those who have done it themselves.