I Made $50M Buying & Running Boring Businesses

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 28 February 2025

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 681: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Brent Beshore ( https://x.com/BrentBeshore ) about buying profitable businesses. — Show Notes: (0:00) $50K/yr to 9 figures (6:04) Accidentally buying a $1M business for $0 (11:06) Just In Time learning (14:11) Buying cash flow businesses (20:30) Private equity or index? (24:26) Buffett's near-death experience (32:54) How to buy your first small business (36:02) Brent's one-liner speed run (47:33) Shaan asks Brent how to hire a CEO — Links: • Permanent Equity - https://www.permanentequity.com/ • Enneagram Test - https://enneagramtest.com/ — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

Transcript

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0:00.0	So that was the first golden goose.
0:01.5	And then you said you started stacking geese like a rapper, you know, at the club.
0:05.4	So what's the second goose?
0:06.6	I hope that becomes a term that we can use stack and geese.
0:09.8	We got to get some shirts made.
0:11.1	Goose orgy, baby.
0:11.8	Hey, merch guy.
0:12.5	I feel like I can rule the world.
0:16.3	I know I could be what I want to.
0:19.3	I put my all in it like no days off.
0:21.5	On a road, let's travel, never looking back.
0:23.6	Brent runs permanent equity.
0:25.6	You started off as a founder, you started buying companies, and you then started raising money to buy companies.
0:32.6	So you raised something like 50 million bucks for your first fund.
0:35.6	You started buying companies with that.
0:36.6	Then a couple of years later, you raised about $250 million to buy more companies.
0:41.8	And now you own, I don't know, something like 16 companies that do over $350 million a year of
0:48.8	revenue. And I believe what you said was $50 million of free cash flow out of the portfolio now,
0:55.7	which is pretty incredible. So that's who you are. That's what you're bringing the table. And I think,
0:59.4	Sam, what do we want to go with this? Because we could ask you about buying businesses.
1:02.5	I have some questions around that. But I kind of want to start with something light before we go
1:06.0	into like, hey, can you teach me how to be private equity, please? Yeah, we can do the light stuff.
	...

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