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From Tech Layoff to a $360K/yr Business (in 10 Months)

From Tech Layoff to a $360K/yr Business (in 10 Months)

Episode 117 Published 1 month, 4 weeks ago
Description

Want help buying a business? https://smbdealhunter.link/pro-yt

In this episode, Mary breaks down how she went from a tech layoff to buying a $1.05 million medical billing business she knew nothing about, what her first year of ownership actually cost her, and how she has grown it 35% since taking over.

◼️ Why she let the previous owner keep 10% of the company instead of buying him out completely

◼️ The single client that made up too much of the revenue, and how she got a lender comfortable with it

◼️ How the business went from signing three new clients a year to a dozen in fifteen months

◼️ The one thing she skipped before closing that she would never skip again

◼️ Whether AI is coming for medical billing, from someone who runs one

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LinkedIn: https://www.linkedin.com/in/helen-guo-06674523/

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