21 Hats Podcast

A Few Good Plumbers


Listen Later

This week, in episode 218, special guest Rich Jordan tells Shawn Busse and Jay Goltz what it was like buying a small plumbing business in 2020 despite having very little experience with either plumbing or business—but having spent 10 years in the Marine Corps. “When I reflected on my time in service and what I did well and what I enjoyed,” Rich tells us, “it was when I was on a small team with high stakes, far forward, far from the flagpole, responsible for making decisions and sustaining ourselves and figuring things out. So when I thought about that—small team, high stakes, self-sustained—small business kind of fit that bill.” Not surprisingly, it took Rich some time to figure out what he was doing with the plumbing business, but in just four years, through organic growth and a few acquisitions—while taking no outside capital—he’s gone from three plumbers and $1 million in annual revenue to about 90 employees and $20 million in revenue. Which is why, Rich tells Jay and Shawn, he keeps moving the goalposts, reassessing just how big he wants the business to be.
...more
View all episodesView all episodes
Download on the App Store

21 Hats PodcastBy 21 Hats

  • 5
  • 5
  • 5
  • 5
  • 5

5

31 ratings


More shows like 21 Hats Podcast

View all
The Knowledge Project with Shane Parrish by Shane Parrish

The Knowledge Project with Shane Parrish

2,643 Listeners

Built to Sell Radio by John Warrillow

Built to Sell Radio

208 Listeners

Pivot by New York Magazine

Pivot

9,140 Listeners

GZERO World with Ian Bremmer by GZERO Media

GZERO World with Ian Bremmer

765 Listeners

The Compound and Friends by The Compound

The Compound and Friends

2,047 Listeners

The Prof G Pod with Scott Galloway by Vox Media Podcast Network

The Prof G Pod with Scott Galloway

5,312 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,155 Listeners

Dwarkesh Podcast by Dwarkesh Patel

Dwarkesh Podcast

407 Listeners

Acquisitions Anonymous - #1 for business buying, selling and operating by Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley

Acquisitions Anonymous - #1 for business buying, selling and operating

243 Listeners

Acquiring Minds by Will Smith

Acquiring Minds

249 Listeners

On with Kara Swisher by Vox Media

On with Kara Swisher

3,327 Listeners

Angry Mortgage by Ron Butler

Angry Mortgage

4 Listeners

Moneywise by Hampton

Moneywise

645 Listeners

Prof G Markets by Vox Media Podcast Network

Prof G Markets

1,102 Listeners

Raging Moderates with Scott Galloway and Jessica Tarlov by Vox Media Podcast Network

Raging Moderates with Scott Galloway and Jessica Tarlov

1,097 Listeners