EPISODE · Mar 2, 2022 · 25 MIN
41. Acquiring 5 Local Businesses To Build a Remote Local Empire, an interview with Mike Loftus
from The Freedom Formula Podcast: Achieving Financial, Location and Time Freedom · host Neel Parekh
In another of the Remote Local Podcast's ongoing series of entrepreneurial interviews, Need chatted with Mike Loftus of Connor Landscape. Mike got a finance degree but found out he hated working inside. He took $10k of his own savings and started knocking on doors, building a landscaping company from scratch. After building it to $750k in revenues, he started acquiring others, three so far and more in the pipeline! Neel and Mike also discuss: All the things you have to learn when starting a business ("what's an EIN, bro?") The keys to making good acquisitions The importance of being clear on what you want, not what books/influencers tell you you should want If you'd like to catch up with Mike, you can find him on Twitter, under a handle which is an homage to his father's entrepreneurial spirit.
What this episode covers
In another of the Remote Local Podcast's ongoing series of entrepreneurial interviews, Need chatted with Mike Loftus of Connor Landscape. Mike got a finance degree but found out he hated working inside. He took $10k of his own savings and started knocking on doors, building a landscaping company from scratch. After building it to $750k in revenues, he started acquiring others, three so far and more in the pipeline! Neel and Mike also discuss: All the things you have to learn when starting a business ("what's an EIN, bro?") The keys to making good acquisitions The importance of being clear on what you want, not what books/influencers tell you you should want If you'd like to catch up with Mike, you can find him on Twitter, under a handle which is an homage to his father's entrepreneurial spirit.
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41. Acquiring 5 Local Businesses To Build a Remote Local Empire, an interview with Mike Loftus
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