135. Launching a Roofing Business to 8-Figures in Year 1, with Cole Simpson

In this episode, Neel Parekh interviews Cole Simpson, owner of a roofing company, about his journey in entrepreneurship. Cole shares his background and how he got into the roofing business. He discusses the challenges and lessons he learned along the way, including his experience with franchising and acquisitions. Cole shares his motivations and goals, and how he approaches business as a game. Takeaways: Entrepreneurship requires risk mitigation and the ability to make asymmetrical bets. Experience in entrepreneurship is gained by making decisions and learning from them. Focus on growth and revenue in the early stages of a business, and then shift to profitability. Consider franchising as a way to speed up scaling and gain credibility in a specific industry. Approach business as a game and enjoy the process, while also being a good steward of the opportunities and resources. Chapters 00:00 Introduction and Background 00:36 Getting into Entrepreneurship 03:27 Franchising and Acquisitions 05:02 Current Business Performance 08:23 Risk Mitigation and Decision Making 10:33 Focus on Growth and Profitability 12:07 Full-Time Commitment 15:10 Franchising vs. DIY 18:01 Motivations and Goals 21:30 Approaching Business as a Game 23:49 Where to Find Cole Simpson: @jcolesimpson