Speaker 1
Yeah, I can tell that these strategies are definitely going to work. It’s great to actually hear from somebody that’s actually done this a lot and has the experience, that has done a dozen or more plus deals. There’s a lot of people here that have, from what I see, went through all the trip-ups, and mistakes that you get to learn on. So yeah, I can see those same techniques being used here in the United States.
Speaker 1
Yes, absolutely. I mean, the reason why I came is because I was really interested in learning about their roll-up strategy. Part of our strategic plan to grow in the state of Florida is through a roll-up strategy, and to be able to hear it from people that are here, that are actually going through the same process, and what they’ve done, the techniques that they used, I find it very helpful.
Speaker 1
I would say the three things that really stood out was how to use the special purpose vehicle for being able to merge two entities together. I think that’s a great technique, and to be able to understand how that works gives a lot of added value. Also, being able to set up a third party entity, as a financing mechanism for selling the company, I feel was great. You know, with being able to earn extra revenue on the interest, by creating that entity without telling the seller, I’ve never thought about that. I would’ve never thought about that.
Speaker 1
The other thing I would say is, part of our strategy, like I mentioned, is the roll-up strategy. And one of the things that we put a lot of emphasis in was merging the entities, and try to get the economy upscale. But what I’ve learned from here is, not even going through that exercise could save a ton of time and energy, and actually allowing the new seller that’s going to take on the business, to be able to take advantage of merging the companies, and seeing that additional profit by doing so, seem to be very valuable to me. So that one little nugget alone is something that we’re going to be implementing in our business plan.
Speaker 1
I would recommend this program to anybody that’s either a business owner, even a non business owner that’s just looking to try something different you know, as far as being an operator in the business, and kind of being an investor, and I think this is something that could allow you to have more time, as opposed to working 10-12 hours a day in a business.
Speaker 2
Well I appreciate your time, thank you very much.
Speaker 1
Perfect. Thank you.
Speaker 2
Is there anything else you want to add?
Speaker 1
No, that’s it. Yeah, that’s my first testimonial video, so…
