#73: Major Robertson: The Art of Buying Businesses

Path to Progress with Paul Heintzman and John Ackerman

Major Robertson, Founder and CEO of Major Holdings, joins us to discuss how he buys online businesses and how he has quickly built a Private Equity Fund. Some questions Major Robertson answered in this episode:

• What did Major Robertson's college experience look like?
• When did you realize that college was not the right path for you?
• How did you teach yourself to code in high school?
• What was it about working in the corporate world that you didn't like?
• What was the first side job you had when you were working your corporate job?
• What was the point when you realized you should quit your corporate job?
• How did you think of the idea for your first business and how did it grow?
• Did you create your website from scratch or did you create it off of an existing website?
• What did creating your website and business look like?
• How did you overcome competition in the field?
• How did your business grow to where it is today?
• Why did your mindset shift from a lifestyle company to wanting to grow your business?
• What made you want to buy a second company and what was it?
• What made you want to grow your company to the size of where it is?
• What do you look for in a business to purchase?
• Where does Major Robertson find businesses to buy?
• Why are people selling their businesses?
• What does a business that you are not interested in buying look like?
• How do you hire your employees and what does managing look like for you?
• What does your interview process look like, how did you know they were a right fit for the company?
• What is the atmosphere in the office and how has it evolved?
• Is it stressful working in such close proximity to your employees?
• What's the dress code look like at Major Holdings?
• What are the commonalities in growing these companies?
• Is it difficult for your content creator to write content for multiple different industries?
• How has the city of Louisville helped or hindered the growth of Major Holdings?
• What advice would you give to those who think they are not able to build a start-up company in Louisville?
• Have you had a business you regret purchasing?
• Is there anything specific you look for when purchasing a company?
• What have been some of the lows in the business?
• Are there any companies or people you are modeling yourself of your company after?
• Are you planning to stick with online businesses?
• Where do you go to help fund your business purchases?
• What would you say to someone who is unhappy with their current path?

Last call:

• What advice would your 60-year-old self give you today?
  • Finish projects that you start.
• What advice would you give to a new entrepreneur?
  • You don't have to be an inventor to create something new.
  • Find something that's positive revenue and make it better.
• What is a book/documentary/podcast you would recommend?
  • BiggerPockets Podcast
  • Rich Dad Poor Dad by Robert Kiyosaki
• What is the best thing you spent money on in the last six months?
  • Noise cancelling headphones
• What's your favorite thing to drink?
  • Rosé Bubbles Fruited Ale

Notes:

• It Doesn't Have to Be Crazy at Work
• Kentucky Small Business Tax Credit
• Story Louisville
• Louisville Open Coffee Club
• Empire Flippers
• Flippa
• Purchase your Drunken Money Swag!!!

Enjoyed this episode? Feel free to contact Major Robertson at [e-mail]. Also, check out our episode with Sisun Lee of Morning Recovery. Have any topics you want to be covered or amazing people you’d like us to interview? Let us know! You can email us at [e-mail]. You can also find us on Facebook, Instagram, Twitter, and Linkedin. Please be sure to subscribe to our weekly mailing list at drunkenmoney.com/subscribe.