A speaker explains why scaling one core business beats starting many. They use a tree-planting metaphor: nurture it until self-sustaining, then redeploy profits into passive assets and acquire more businesses. Their current business is two years old and self-sufficient.
So how you do it with wealth building is Nobody that's worth $10 million plus did it by starting like 30 things. They started one thing, scaled it, redeployed the profits off of that into passive assets or alternative assets. That's how they did it. And so he said, when you're doing a business, when you're doing an investment, you plant the seed into the ground, you make sure the soil is fertile. Then as the seed sprouts into a sapling, you got to shield it from the rain and the weather and the conditions and the animals that are going to try to dig it up. Make sure it grows into a strong fruit bearing tree on its own. And once it's bearing fruit without you, then you move on to the next thing. So that's the position that we're at now with the business two years deep, where the tree is now bearing fruit and I've got a full team without me. So now I can go back into acquisition mode. And now, like, the goal is to buy a small business that's between 1 and $2 million, top line purchase price between 200 to 500 SDE per quarter.
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