How and Why to Buy an Electrical Business | Fred McGill Interview

For 7 years, Fred McGill built an online real estate brokerage from scratch. This immersion in real estate meant he'd worked with many tradespeople as his vendors. So when he set his sights on buying a business, the trades were an easy choice. You'll hear how he zeroed in on electrical services, developing a thesis on an industry often overshadowed by its cousins HVAC and plumbing. We also go deep on licensing and hiring — and how Fred has tackled them both. Here is Fred McGill, owner of Bray Electrical Services. ❤️ Enjoy this interview? SUBSCRIBE for more: https://bit.ly/42hLnN0 00:00:00. Fred's entrepreneurial journey 00:05:38. Choosing acquisition after zero to one 00:13:37. Real estate vs. business acquisition 00:21:45. Searching for the right business 00:32:16. Fred buys an electrical business 00:41:22. Growth strategies and marketing 00:48:43. Seller prepared for the sale 00:55:49. Transition and team reassurance 01:03:26. Hiring and identifying talent 01:08:57. Hybrid pay scenario 01:17:01. Testing marketing channels 01:23:02. Future plans and potential acquisitions 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 #buyingbusiness