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MI320: Owning and Operating a Holding Company w/ John Wilson
Description
Patrick Donley sits down with John Wilson to learn about the world of home service holding companies. You’ll learn about how he bounced back from consumer loan and medical debt largely through hard work and self-education, why he decided to form a holding company, what his first acquisitions were, the importance of picking the right partner, and so much more!
John Wilson is a 3rd generation home service entrepreneur and CEO of The Wilson Companies. He is also host of the podcast Owned and Operated where he dives deep into the world of home service entrepreneurship. He is on a quest to build a $100 million dollar home service holding company.
IN THIS EPISODE, YOU’LL LEARN
00:00 - Intro.
02:03 - Why self-reliance and independence drove his desire for his own company.
08:12 - What John learned from being a 3rd generation entrepreneur.
08:37 - How his dad used his plumbing/HVAC company to buy real estate.
12:49 - How the transition from the 2nd generation to the 3rd generation went.
22:40 - What his first acquisition for the hold co. was.
29:08 - The importance of picking the right partner.
34:33 - The benefits of buying a franchise.
34:49 - The importance of being radically focused.
41:48 - Why the whole game is getting the right people on the bus in the right seats.
47:32 - How his buy box has changed over the years.
53:00 - Why he launched a podcast and much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
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- Recommended Book: Traction by Gino Wickman.
- Recommended Book: Rich Dad Poor Dad by Robert Kiyosaki.
- Recommended Book: The Everything Guide to House Hacking by Robert Leonard.
- Check out the books mentioned in the podcast here.
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