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How I Bought 4 Small Businesses And Grew Them An Average By 65% In The First Year | Chase Murdock Interview
Description
Imagine raising millions for your startup…
A team of 50 and significant revenue…
Then getting FIRED from the same company you started…
Then starting a boring traditional company that generates significant cash flow, so you could buy another company…
And not just one, but 4 companies!!!
And THEN, growing these businesses an average of 65% in the first year post-acquisition.
All this in four short years.
What a WILD story and an even wilder life for 34-year-old Chase.
“It was a condensed MBA – 50 employees. Millions in revenue. Scaling the company at a double- and triple-digit YoY growth rate. I was a 23-year-old clueless entrepreneur trying to keep a ship together… Ultimately, getting fired from my baby.”
Today, Chase is a new man, happy, relaxed, builds a business he never wants to retire from, travels the world with a kid, and Decada Group has 5 companies in its portfolio.
We discuss:
— Why slow growth may be the smartest thing ever d
— The best companies plan for decades
— Having fun daily, and genuinely enjoying building the company vs. arrival fallacy and chasing IRR
— How to grow a business (SMB Growth Playbook)
— 5 step guide on how to grow business by 65% in the first year post-acquisition
Show notes:
00:00 - Intro
00:31 - The wild story of raising multiple rounds of VC and then getting fired from your own company
05:09 - Transforming a profitable lifestyle business into a serious cash cow type business and a portfolio of 5 SMBs
07:05 - Building a holding company by accident. “It was never the idea.”
14:50 - How to make sure opportunities come to you vs. you constantly chasing them
18:48 - The technology revolution is not over, but the heyday is over
23:32 - Overview of the current diversified portfolio of traditional businesses
27:53 - How do they find companies to acquire while having ZERO competition on deals
38:10 - Growing portfolio companies by an average of 65% in the first year post acquisition (How exactly?)
54:51 - Pros and cons of focusing on single business vs managing a portfolio of companies
My full conversation with Chase Murdock, the co-founder of Decada Group — Stream now.
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Chase on Twitter: https://twitter.com/chasemurdock
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