76: Competitive Advantage Puts You In A Position Of Growth with Barry Gosin
Your First Thousand Clients with Mitch Russo
Mitch Russo
5.0 • 104 Ratings
🗓️ 2 March 2018
⏱️ 44 minutes
🧾️ Download transcript
Summary
As an entrepreneur, you should always ask which one of your competitors would like to partner with you so you can both grow and succeed. This is the competitive advantage that Barry Gosin learned when he bought his primary competitor out. He knew they shared a vision of success where they could both benefit. Barry shares important points on the margins for paying and selling.
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Transcript
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| 0:00.0 | Welcome back to the show for business owners, your first thousand clients. |
| 0:10.0 | I'm your host Mitch Russo and I've been an entrepreneur, business owner, corporate CEO, venture capitalist, and company founder for the last 30 years. |
| 0:19.7 | And if you're just joining us for the first time, the mission of my show is twofold, to uncover |
| 0:24.6 | your potential and guide you to realizing it and provide you with the tools and the wisdom |
| 0:30.0 | to get your own company to a thousand clients and beyond. |
| 0:33.8 | Today's guest followed the traditional path, graduated high school, |
| 0:37.3 | went to college, and then went to law school. |
| 0:39.7 | Isn't mom proud? |
| 0:41.8 | As an attorney, he practiced law at two of the largest law firms in the country. |
| 0:47.0 | But the entrepreneurial bug took hold, and he decided to buy a local fuel delivery company. |
| 0:52.4 | Soon he began aggregating local |
| 0:55.0 | fuel delivery companies known as a roll-up, then sold that first company for |
| 0:59.6 | more money than he ever dreamed of as a law student. Since then acquisition and sale |
| 1:04.8 | he personally bought and sold 30 more companies and oversees hundreds of |
| 1:09.9 | transactions. Today he's the founder of Merger Nation and acquisitions.com. |
| 1:15.0 | Welcome Barry Goseon to the show. |
| 1:17.0 | Hey, Matt's great to be with you. |
| 1:18.0 | Thanks, Barry. I got to tell you, very impressive. I love what you've done. |
| 1:22.0 | And, you know, again again people think of the local |
| 1:25.2 | oil company that delivers oil never think about that as a way to get wealthy and so |
| 1:29.9 | if it's okay with you Barry I'd like to take you back to the beginning and have you tell that story a little bit more detail so people can understand what you did and maybe even use some of your wisdom and what they're doing right now. |
| 1:42.0 | Sure, Mitch, I'd be happy to start there, start at the beginning. |
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