Grow and Operate a Holding Company w/ John Wilson (MI320)

Patrick Donley interviews John Wilson to discuss the world of home service holding companies. They talk about how he overcame debt through hard work and self-education, why he formed a holding company, his first acquisitions, the importance of choosing the right partner, and 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: 0:00:00 - Intro 0:00:29 - What John learned from being a 3rd generation entrepreneur 0:08:21 - How his dad used his plumbing/HVAC company to buy real estate 0:03:37 - Why self-reliance and independence drove his desire for his own company 0:09:43 - How he bounced back from consumer loan and medical debt through self-education 0:12:03 - When he realized he needed a more balanced life 0:13:49 - How the transition from the 2nd generation to the 3rd generation went 0:14:17 - How they structured the buyout 0:22:38 - How he learned about holding companies at a very young age and created his own 0:26:08 - What his first acquisition for the hold co. was 0:31:25 -The importance of picking the right partner 0:33:05 - How he and his partner divide responsibilities 0:36:20 - What the hold co. portfolio looks like today 0:38:13 - The benefits of buying a franchise 0:40:11 - The importance of being radically focused 0:42:15 - Why the whole game is getting the right people on the bus in the right seats 0:49:21 - How his buy box has changed over the years 0:56:58 - Why he launched a podcast 1:02:04 - Why $5 million in revenue is a pivotal size for a home service business 🤝Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members: https://theinvestorspodcast.com/maste... 📈 Learn to invest like legend investors do — from the company that has interviewed them. Use YOUTUBE15 to get 15% off! https://theinvestorspodcast.podia.com... 💰Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/s... ▶️ RELATED EPISODES: The Surprisingly Simple Way to Start w/ Noah Kagan:    • The Surprisingly Simple Way to Start w/ No...   Serial Acquirer: Successful Acquisition Strategies w/ Chris Mayer:    • Serial Acquirer: Successful Acquisition St...   🎧 Listen to our episodes here: https://open.spotify.com/show/7dnn22E... 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/m... 📖 BOOKS MENTIONED: Traction by Gino Wickman: https://amzn.to/3RR88mg Rich Dad Poor Dad by Robert Kiyosaki: https://amzn.to/48x9NEY Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 💡 OTHER RESOURCES Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙 On Millennial investing, we interview top investors, experts, and successful entrepreneurs such as Kevin O’Leary, JL Collins, Jesse Itzler, and more to guide you on your investing journey. 🌍 Website: https://www.theinvestorspodcast.com/m... 📝 Help us understand our audience better so we can create a more intentional user experience by answering this survey! https://www.theinvestorspodcast.com/s... ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/t... 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/t... ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.