- Joined
- May 22, 2015
- Messages
- 17
Rep Bank
$260
$260
User Power: 418%
NOTE: This first post is a catch up - had been tracking this somewhere else since August 2021, so this is a dump of updates before I continue
Summary
QLA + other biz buying approaches combined into a roll up focus. Aim is to roll up and exit ASAP.
My Background
- Marketing background (SaaS + agency)
- Have run a few agencies, sold some, shut down others
- Tired of the insane competition level for little output cash wise
- Have some good "passive" income that covers my expenses (niche sites + info partnerships)
- Have paid for almost all the biz buying training out there
I NEED a change or I'm on a super depressing path to staying mediocre at a few hundred grand a year and tied to something that eats my energy and time. I'm going ALL IN on QLA and going big or just blowing up in oblivion.
Goal
Hit and exit on this roll up as quick as possible (beyond the $30M sale point) to establish a strong track record so I can do this again with the track record, connections and otherwise to not have to give up as much equity and reach a $500M+ exit.
Current Lay of The Land
- Had 2 roll ups (healthcare and home services), cut one due to how shit dealing with the owners was
- Now focused on one industry, QLA hybrid but slowly shifting towards a QLA standard but have 2 partners in it
- Already established deal team
- In deal flow heavily (more info below)
- Have a 2 support people cold calling now
- Averaging 5-6 introductory conversations had with a positive outcome to send information over a week within our core focus revenue range
- Closed one deal 100% seller finance so far (Jan 2022)
My Immediate Focus
- MORE DEALS!
- MORE SELLER FINANCE!
- Find good banks that won't tie us up and beat us like a rented mule to not do new deals
Pipeline
- 4 LOIs signed, 2 aiming to close in 60 days ($20M revenue represented)
- 3 more deals moving to LOI in the next 60 days ($15M revenue represented)
- Over 50 companies with financials in hand (+$150M in revenue represented)
- Over 200 companies in our pipeline with conversations done and being followed up with to get into a closing path
- Over 1,500 left to call in the specific vertical we're hitting, another 3,000 in the 2 shoulder verticals
Current Path
- On track to hit the 6 this year we had set as our minimum w/ +$35m top line
- Still hitting walls and stumbling our way through the operational end but getting much better
Let me know if more clarity would help - I will kind of just update this as I feel it makes sense to.
Summary
QLA + other biz buying approaches combined into a roll up focus. Aim is to roll up and exit ASAP.
My Background
- Marketing background (SaaS + agency)
- Have run a few agencies, sold some, shut down others
- Tired of the insane competition level for little output cash wise
- Have some good "passive" income that covers my expenses (niche sites + info partnerships)
- Have paid for almost all the biz buying training out there
I NEED a change or I'm on a super depressing path to staying mediocre at a few hundred grand a year and tied to something that eats my energy and time. I'm going ALL IN on QLA and going big or just blowing up in oblivion.
Goal
Hit and exit on this roll up as quick as possible (beyond the $30M sale point) to establish a strong track record so I can do this again with the track record, connections and otherwise to not have to give up as much equity and reach a $500M+ exit.
Current Lay of The Land
- Had 2 roll ups (healthcare and home services), cut one due to how shit dealing with the owners was
- Now focused on one industry, QLA hybrid but slowly shifting towards a QLA standard but have 2 partners in it
- Already established deal team
- In deal flow heavily (more info below)
- Have a 2 support people cold calling now
- Averaging 5-6 introductory conversations had with a positive outcome to send information over a week within our core focus revenue range
- Closed one deal 100% seller finance so far (Jan 2022)
My Immediate Focus
- MORE DEALS!
- MORE SELLER FINANCE!
- Find good banks that won't tie us up and beat us like a rented mule to not do new deals
Pipeline
- 4 LOIs signed, 2 aiming to close in 60 days ($20M revenue represented)
- 3 more deals moving to LOI in the next 60 days ($15M revenue represented)
- Over 50 companies with financials in hand (+$150M in revenue represented)
- Over 200 companies in our pipeline with conversations done and being followed up with to get into a closing path
- Over 1,500 left to call in the specific vertical we're hitting, another 3,000 in the 2 shoulder verticals
Current Path
- On track to hit the 6 this year we had set as our minimum w/ +$35m top line
- Still hitting walls and stumbling our way through the operational end but getting much better
Let me know if more clarity would help - I will kind of just update this as I feel it makes sense to.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
