Why I Buy Businesses Instead of Building Them | Ben Kelly

Ben Kelly's pivot came from JP Morgan's private wealth desk. Every $30M+ client got there the same way: built a business and sold it.He ran his first acquisition as a side hustle, taking a gym CRM from $12K to $100K MRR while still employed and matching his JP Morgan salary without quitting. His fourth deal taught him due diligence the hard way: $800K in accounts receivable with no deposits attached. He closed it down and hasn't cut corners since. His current accounting firm rollup buys at 2.5x EBITDA and exits at 10-12x.You don't get paid until the end. That's the whole strategy.00:00 Introduction03:00 Transition from military to acquisition entrepreneurship06:45 Experience at JP Morgan and private wealth management12:15 First deal experience using networking and LinkedIn19:30 Evolution to current strategies in business acquisitions28:00 Challenges and strategies in the current economic climate36:00 Navigating acquisition entrepreneurship's learning curve43:40 Due diligence and creating an internal team50:20 Balancing family life and entrepreneurship55:10 Final thoughts on family as a foundation for success→ Follow JeremyLinkedIn: https://www.linkedin.com/in/jeremyharbour/Instagram: https://www.instagram.com/harbour.jeremy/Website: https://www.jeremyharbour.com/→ Follow Deal JunkyInstagram: https://www.instagram.com/dealjunkyjeremyharbour/TikTok: https://www.tiktok.com/@dealjunkyjeremyharbour→ Follow BenInstagram: https://www.instagram.com/benkellyone/Website: https://www.benkelly.co/