How I Bought 4 Small Businesses And Grew Them An Average By 65% In The First Year | Chase Murdock Interview
How I Bought 4 Small Businesses And Grew Them An Average By 65% In The First Year | Chase Murdock Interview  
Podcast: Buyers and Builders
Published On: Mon May 13 2024
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-acquisitionShow notes:00:00 - Intro00:31 - The wild story of raising multiple rounds of VC and then getting fired from your own company05:09 - Transforming a profitable lifestyle business into a serious cash cow type business and a portfolio of 5 SMBs07:05 - 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 them18:48 - The technology revolution is not over, but the heyday is over23:32 - Overview of the current diversified portfolio of traditional businesses27:53 - How do they find companies to acquire while having ZERO competition on deals38:10 - 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 companiesMy full conversation with Chase Murdock, the co-founder of Decada Group — Stream now.Follow PrivatEquityGuy on Twitter: ⁠⁠https://twitter.com/PrivatEquityGuy⁠⁠Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small profitable niche businesses: ⁠⁠⁠https://privatequityguy.beehiiv.com/⁠Chase on Twitter: https://twitter.com/chasemurdockThis podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.