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šŸŽ™ļøWhat to do when almost everything goes wrong (and still build a $4.6M business)

An interview with JD Beck

Hello SMB Deal Hunters!

I’m very excited to share this week’s interview with JD Beck. 

He didn’t hold back when it came to the challenges of business ownership.

Here are just a few snippets from his interview…

šŸ”„ His seller handed JD the keys and abandoned him 30 minutes after he walked into his new business.

šŸ”„ He had nearly 100% employee turnover in year one of his acquisition

šŸ”„ And he ended up losing his master plumber (who held the company’s needed license) after a breach of contract and found a replacement on Craiglist.

šŸ”„ And when asked what it was like when he was pulling the trigger on his first acquisition he said…

"Both times I've signed an SBA loan I wanted to throw up at least for a day," 

And even after all of that…

šŸš€ He grew his plumbing / HVAC business from $1.1M to $4.6M in revenue through 3 acquisitions 

šŸš€ When we asked what he thought looking back, he said buying a business is one of the best things he’s ever done (after marrying his wife and having daughters)

Here’s his story…

COMMUNITY WINS

Here’s what one SMB Deal Hunter Pro member shared this past week:

Want me and my team to work with you to find, finance, and acquire a million-dollar cash-flowing business in the next 6-12 months?

COMMUNITY PERKS

• Ready to buy and operate a $1M+ business? Get expert help at every step.

• Want to invest passively in SMB acquisitions? Get access to investment opportunities.

• Get a personal introduction to my preferred SBA 7(a) lender, non-SBA lenders, Quality of Earnings providers, or legal counsel

• Raising capital for your deal? I’ll connect you with investors from the SMB Deal Hunter Community.

• Interested in selling your business? I’ll help you connect with buyers from the SMB Deal Hunter Community.

THAT’S A WRAP

Want me to interview you for my podcast? Hit reply.

See you tomorrow with some new deals!

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Disclaimer

This publication is a newsletter only and the information provided herein is the opinion of our editors and writers only. Any transaction or opportunity of any kind is provided for information only; SMB Deal Hunter does not verify nor confirm information. SMB Deal Hunter is not making any offer to readers to participate in any transaction or opportunity described herein.