Buying or Building Your Home Service Business 🚧

To Buy or Build: The Dilemma

Hey guys,

Welcome to a special guest edition of the newsletter! This is Jack Carr, subbing in for John this week and ready to talk about an age-old question:

Should you buy or build a home service business? The answer boils down to your tolerance for risk, but both come along with pros, cons, and distinct advantages.

I would know. I bought first instead of built, and I’ll share what I learned in that process.

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One thing we’ve built is a cool Facebook group for listeners of the podcast and readers of the newsletter. It’s been a growing group of owners on Facebook for the last two months and cool to see it expand.

There are well over 300 members now and growing each day, and it’s been a great place to beat the isolation our industry often brings.

If you join now then you’ll be ready to take part in John’s live stream Q&A coming up this Wednesday, July 3 at 2 p.m. EST.

Join now, RSVP to the live stream, and tune in.

Want to submit a question ahead of time? Click and drop it here.

Now, let’s talk about buy versus build.

• Understand Your Risk Tolerance

• Assess the Market and Financial Conditions

• Be Prepared for a Mix of the Two
  
  Reading time: 4 minutes and 10 seconds

Can You Take The Pain?

Whether it's HVAC, plumbing, or electrical, there's a big decision every entrepreneur faces: Should you buy an existing business or build one from scratch?

This decision ultimately boils down to your risk tolerance and business strategy.

As someone who has experienced both sides, let me walk you through the pros and cons of each approach and why I chose to buy rather than build.