Navigated to This Is the Best $1M EBITDA Business (A Lesson From Talking to 2,000 Business Owners)

This Is the Best $1M EBITDA Business (A Lesson From Talking to 2,000 Business Owners)

August 24
55 mins

Episode Description

Rand Larson helps small business owners beat the loneliness of operating by building tight, ROI-driven peer groups. We dig into what actually works: working-capital traps, hiring/firing discipline, burnout, and why some owners sell just 12–24 months post-close.

Scale Path is the sponsor of this episode. If you’re a searcher or operator and want real stories + actionable playbooks from the trenches, check the Scalepath newsletter and peer groups: https://www.joinscalepath.com/

Timestamps:
00:00:00 - Intro & guest: Rand Larson
00:01:43 - What ScalePath is (structure & purpose)
00:02:29 - “How I make money”
00:03:11 - HVAC acquisition near-bankruptcy story
00:05:07 - Genesis of peer groups (therapy → community)
00:06:43 - Ad break: Scalepath newsletter (sponsor)
00:07:49 - What makes a great event (small, similar, 3-hour format)
00:08:37 - Why local organizing is rare (and hard)
00:09:59 - Early peer groups = therapy; today = ROI focus
00:12:56 - 16 events in ~35 days
00:15:01 - Why paid improves attendance (Vistage/YPO comparison)
00:16:02 - Niche-based groups: B2B, pro services, local services
00:17:17 - Online vs. in-person
00:19:20 - Ideal setup: industry peers + local group
00:19:35 - Pricing models & member feedback
00:20:07 - Price point & ROI framing
00:22:32 - The van: $42k “vanlife” for meetups
00:23:10 - First trips & momentum
00:24:59 - Why the van is standout B2B marketing
00:25:59 - Newsletter stories: behind the scenes
00:27:47 - Why sell a commercial cleaning business
00:29:25 - Talking to $30–50M operators; misery check
00:30:38 - Community value for acquisition decisions
00:31:28 - Niche example: boat upholstery repair
00:32:59 - Hiring lesson: inexperienced vs. experienced owners
00:35:08 - Common theme: undercapitalization
00:35:33 - “Take every dollar the bank offers” (asset deal context)
00:38:29 - ~10% therapy; SBA-debt stress early on
00:40:16 - “Real work starts after close”
00:40:29 - Join a peer group before the fire (vs. during)
00:41:10 - Why experienced owners value peer groups

----------------------------------------------

Subscribe on Spotify:
https://open.spotify.com/show/6lr5bE3SNZF2uEE7Nb0DHh?si=cP_nAarhRmep1lvnR6uk5g

Subscribe on Apple Podcasts:
https://podcasts.apple.com/us/podcast/holdco-builders/id1695713724

Follow Mikk/PrivatEquityGuy on Twitter: ⁠⁠https://x.com/PrivatEquityGuy

This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

See all episodes

Never lose your place, on any device

Create a free account to sync, back up, and get personal recommendations.