How I Make $14M Net Profit Per Year With a Team Of 16 People | Matt Paulson Interview
How I Make $14M Net Profit Per Year With a Team Of 16 People | Matt Paulson Interview  
Podcast: Buyers and Builders
Published On: Mon Apr 22 2024
Description: What would be your potential reward for mastering the fundamentals?Whether it's small business acquisitions, private equity investing, or the financial media and newsletter business…In Matt’s case the reward is approximately $14,000,000 in net profit in 2024All this with a team of 16 people.We discuss:— How to grow a business (Growing 86% in 2020; 77% in 2021)— Email is still massively untapped for PE funds, VCs and traditional businesses— Spend $1-2m per month on advertising— Why more private companies should publish their numbers00:00:00 - Intro00:00:19 - Team of 16; $2.3M in revenue per employee00:05:57 - Different sources of revenue00:07:48 - A short masterclass on how business builders and investors can use email to their advantage (deals, talent, capital)00:18:01 - Mentors are key00:19:19 - Hiring mistakes and lessons learned00:22:54 - Bootstrapping vs. raising capital00:23:25 - Why share ALL numbers publicly, even when running a private company00:28:17 - How to overcome VERY difficult periods (personal, family, business)00:39:11 - 3 lessons from 17-year career (distribution is everything)00:43:12 - The key to 0.0001% success is to turn your business into your hobby00:50:47 - $200,000,000 and I’m outMy full conversation with Matt Paulson, the founder of MarketBeat — Stream now.Follow PrivatEquityGuy on Twitter: ⁠⁠https://Twitter.com/PrivatEquityGuy⁠⁠Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: ⁠⁠https://privatequityguy.beehiiv.com/subscribe⁠⁠Matt on Twitter: ⁠https://twitter.com/MattPaulsonSDThis podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.