Private equity isn’t your biggest threat in home services, your systems are. PE didn’t come to kill the industry. It came and showed everyone the scoreboard: documented processes, a scalable model, people bought into the vision. Build those whether you ever sell or not. That’s just what a great company looks like.
@officialchadpetermanTranscript
Private equity is not your biggest threat in home services. Your systems are. Let me explain. What private equity has done for our industry is really called us all to the table to understand how efficient our operations are. The way that they assess enterprise value in a company is do you have systems and processes? Do you have a scalable model? Do you have people that are bought into the vision? All of these things are building blocks of a great company. Whether you want to sell the company eventually, whether you want to hold it for generations to come, regardless, you should be building your business with these key tenants in place.
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