How to Turn $500k into a $38m Holdco (No Investors) | Garrison Snell Interview

Today's guest owns 5 businesses. He has debt on them, but no outside investors, so his family are the sole owners of this portfolio that generated $9m in EBITDA in 2023. Also, Garrison Snell is 30. He has no formal background in finance; he actually planned to be a professional musician. So hopefully this interview will show you how an outsider, someone completely naive to investing, can make a decision to pursue a path, and not only be successful, but be successful in a relatively short amount of time. Garrison has built this $38m holdco in about 6 years. In addition to a great story, you're going to learn about Porter's Five Forces, a model that we should commit to memory. And you're going to hear about the realities of holdco life. Garrison just this week had a crisis in one of his businesses, and he tells all. Enjoy this fascinating interview with Garrison Snell of Snell Ventures. ❤️ Enjoy this interview? SUBSCRIBE for more: https://bit.ly/42hLnN0 00:00:00. Introduction to Garrison Snell 00:06:23. Garrison starts managing musicians 00:08:28 Significant exit from the agency 00:13:12 Existential crisis leads to personal mission 00:21:57. Real estate ventures 00:25:42. Buying and quickly selling a restaurant 00:32:09. Manufacturing acquisitions 00:41:20. Learning and evolving as an investor 00:51:01. Key financial indicators and investment criteria 00:56:18. Personal guarantees and return on investment 01:00:40. Porter's Five Forces explained 01:10:19. Applying the five forces to home services 01:18:48. Acquisitions #3-6 01:25:14. Handling an employee walkout 01:35:19. Learnings from his recent crisis CONNECT with the Acquiring Minds podcast, socials, etc. 🎧 Podcast on Spotify: https://open.spotify.com/show/2vZrl0u... 🎧 Podcast on Apple: https://podcasts.apple.com/us/podcast... 👉 Get notified of new interviews: https://acquiringminds.co 👉 Follow host Will Smith on Twitter:   / whentheresawill   👉 Connect with host Will Smith on LinkedIn:   / willsmithsf   ABOUT Acquiring Minds Acquiring Minds is a podcast about buying businesses. Acquiring an existing business is an awesome opportunity for many entrepreneurs, and host Will Smith talks to the people who do it. New episodes 2x per week. #business #acquisitions