Here is the dream story of many entrepreneurs:Owning a business that generates so much free cash flow that you can invest in/acquire 8 businesses.I’d even call him Andrew Wilkinson Jr…Capital allocation at its best…Started in 2017…Today there are 8 companies in his portfolio.All while being 32, traveling & living in 20 countries, having Tim Ferriss as an inspiration and driving a Range Rover Sports.Most importantly, being generally happy and relaxed (my comments about him)."The freedom of location. For the past 7 years I’ve lived and worked in 20 different companies. Only thanks to the businesses I ran.”We discuss:— Building a list of companies to acquire— Finding the absolute best off-market deals— Growing businesses 2-3 times in 18 months— A 30-day post-acquisition action plan— One book that changed his life forever00:00:00 - Intro00:00:29 - Early failures turned into successful cash-flow machine00:03:20 - Andrew Wilkinson from Tiny as a big influencer00:05:18 - Acquiring a business using seller financing or not doing a deal at all00:07:54 - Capital allocation at its best - buying vs. starting00:11:19 - 8 businesses, 8 different CEOs00:18:35 - Growing portfolio companies 2-3x in 18 months00:21:19 - How to build a database of companies you want to acquire00:23:52 - How to acquire a business in 30 days00:27:59 - This is how you build a company where people want to work00:32:11 - Turning big mistakes and failures into success00:36:09 - Diversification, diversification, diversificationMy full conversation with Lee Betts, the founder of BettsCo — 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/subscribe⁠⁠Lee on Twitter: ⁠https://twitter.com/leebetts_This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

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