4.8 • 705 Ratings
🗓️ 1 March 2024
⏱️ 79 minutes
🧾️ Download transcript
Adam Coffey is a Founding Partner at CEO Advisory Guru. He is also a best-selling author, and international speaker, renowned for his visionary leadership and ability to propel transformative growth while cultivating high-performance cultures. With more than twenty-one years at the helm, he has successfully led three national private equity-backed service companies, overseeing 58 acquisitions and achieving billions.
In this episode, we talked about sources of funding, marketing, empire building...
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0:00.0 | And so I don't chase every company. |
0:02.6 | I only chase the companies that meet my criteria, that meet my filters. |
0:06.7 | And I find, Tommy, when you do a really good job up front of screening and knowing what good looks like, then your, you know, I'll call it your batting average. |
0:17.0 | You know, when you, you know, the best baseball player on the planet was Ty Cobb. |
0:20.8 | He had the highest career batting average. |
0:22.7 | It was like 344, you know, and he had some years where he batted over 400. |
0:27.4 | Well, if you bat 400 in M&A, you know, six out of 10 deals are bad. |
0:32.7 | You're sunk. |
0:33.5 | You know, you got to bat 900 plus. |
0:36.7 | You know, I'll call it in 20 deals you can afford one bad one but |
0:39.7 | you better get 19 good ones and if you spend the time up front developing that criteria by which |
0:46.2 | you're going to focus on what good looks like and then you stick to it and you be very disciplined |
0:51.0 | on the by side it makes the integration so much easier. |
0:54.8 | It makes hitting your goals and objectives that much easier. |
0:58.4 | And so being disciplined on the buy side is probably the most important part of being |
1:04.4 | effective at a buy-in build. |
1:06.6 | Welcome to the Home Service Expert, where each week, Tommy chats with world-class entrepreneurs and experts in various fields, like marketing, sales, hiring, and leadership, to find out what's really behind their success in business. |
1:21.2 | Now, your host, The Home Service Millionaire, Tommy Mello. |
1:28.3 | Before we get started, I wanted to share two important things with you. |
1:31.8 | First, I want you to implement what you learned today. |
1:34.6 | To do that, you'll have to take a lot of notes, but I also want you to fully concentrate on the |
1:39.6 | interview. |
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