Learn This Before Trying To Buy Any Business

7 Apr 2026 · 1 min

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After a decade running a company, the speaker realized they're a dealmaker, not an operator. They now acquire businesses and partner with people who excel at day-to-day execution. They've owned an HVAC company for six years and still don't fully understand it.

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It took me a long, long time to realize I wasn't actually good at running a business. Okay. Probably after 10 years of owning a company, I realized I wasn't very good at it. So when I learned mergers and acquisitions, it was absolutely amazing. I realized I could go out and buy something, team up with somebody that does know how to run a business, and leave me to go out and do all the fun stuff, drawing the diagrams and the structures of where we're all going to get to. And someone else can go in and do what they do best. I'm a dealmaker. I like strategy. So I've owned a HVAC company now for 6 years. It's a fantastic business, and I still barely understand what they do.