Take Over the Business Before You Buy It | Elias Youssef Interview
Video from Acquiring Minds. Watch on YouTube.
What you'll get
Elias Youssef, a young operator, tells host Will Smith how he ran a money-losing Denver plumbing and water-heater company for 16 months under a management agreement with an option to buy, worked on its pricing, technician pay and sales, then bought it with a seller note and bank financing. His route leaned on a mentor who took equity and on the seller's plumbing license, so use it as one buyer's example of learning a business by running it before putting money in.
Do this week
Choose one service business in your area that looks underpriced or badly run, and write the three changes you would make in your first 90 days if you ran it.