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How a 23 Year-Old Scaled to a $1.5M Business
Manage episode 432817739 series 3527345
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Discover how a young entrepreneur scaled his business to $1.5 million by age 23! This episode details Chase Gallagher's journey, starting at age 13, to building a successful landscaping business through hard work and smart money management. Gain valuable insights into the importance of financial discipline, utilizing traditional marketing strategies, and reinvesting profits for sustainable business growth. Join host Adam Sylvester and guest Chase Gallagher of CMG Landscaping.
(00:00) Introduction to the episode and guest
(02:52) The impact of having a supportive environment on entrepreneurial success
(04:08) Tackling seasonal work, and funding initial equipment purchases through creative financing solutions
(05:13) Hiring and managing friends as employees at a young age
(06:46) Learning the trade by working for other companies and gradually expanding
(09:32) Overcoming challenges as a young entrepreneur, and testing marketing strategies
(13:03) The ease of onboarding new employees with Jobber
(13:50) Money management, and approaching equipment purchases and investments with financial discipline
(19:46) Discussing statistics on Gen-Z and the trades, from Jobber’s 2024 Blue Collar Report
(21:42) Opportunities to reinvest profits into your business
(22:53) Creating generational wealth through smart investments and long-term business strategies
(24:55) The importance of networking and building valuable business connections
(26:49) Adam’s key takeaways: traditional marketing works, money management, and live below your means
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