How2Exit: Buy, Don't Build - M&A of Small Businesses

E184: Chandler Reed On His Journey as an Entrepreneur and the Success of His Green Energy Business


Listen Later

About the Guest(s): Chandler Reed is a finance and real estate professional based in Tampa, Florida. He acquired his first business through the ETA (Entrepreneur Through Acquisition) method and is currently the co-owner of Get Green NOI. With a background in multifamily real estate and finance, Chandler brings his expertise to the company, which specializes in commercial lighting retrofit projects for large apartment complexes. He is passionate about sustainability and helping clients reduce energy consumption while improving their properties. You can connect with Chandler on Twitter.

Summary: In this episode, Chandler Reed shares his journey as an acquisition entrepreneur and how he acquired his first business through the ETA method. He discusses the importance of being a skilled salesman in project-based construction and the misconceptions around "get rich quick" schemes in the real estate world. Chandler provides insights into the challenges and opportunities he faced while turning around Get Green NOI, a company specializing in commercial lighting retrofit projects for multifamily properties. He also highlights the significance of understanding financials and the cyclical nature of the business. To learn more about Chandler's experiences and expertise, follow him on Twitter and visit the Get Green NOI website.

Key Takeaways:
  • Chandler Reed emphasizes the importance of being a skilled salesman in project-based construction and highlights the need for strong sales abilities in the acquisition entrepreneurship field.
  • Acquiring a business through the ETA method requires hard work and is not a "get rich quick" scheme. It involves understanding financials, making informed decisions, and planning for the future.
  • Get Green NOI specializes in commercial lighting retrofit projects for large apartment complexes, helping clients reduce energy consumption and improve their properties.
  • The turnaround process for Get Green NOI involved repositioning the company and expanding into other green energy verticals, despite initial challenges and the seller's focus on another venture.
  • Chandler Reed emphasizes the cyclical nature of the business, with slower periods during the summer and holidays, and the importance of strategic planning and building strong client relationships.

--------------------------------------------------
Contact Chandler on
Linkedin: https://www.linkedin.com/in/chandlerreed/
--------------------------------------------------
How2Exit Joins IT ExchangeNet's Channel Partner Network!

-Why IT ExchangeNet?
Since 1998, IT ExchangeNet has created $5 billion in value by selling more than 225 IT businesses in 20 countries. IT ExchangeNet works exclusively with IT-enabled businesses generating between $5M and $30M who are ready to be sold, and M&A decision-makers who are ready to buy. For over 25 years IT ExchangeNet has developed industry knowledge that helps them determine whether a seller is a good fit for their buyers before making a match.

"Out of all of the brokers I've met, this team has the most experience and I believe the best ability to get IT service businesses sold at the best price" - Ron Skelton

The IT ExchangeNet M&A Marketplace we partnered with has a proprietary database of 50,000+ global buyers seeking IT Services firms, MSPs, MSSPs, Software-as-a-Service platforms, and channel partners in the Microsoft, Oracle, ServiceNow, and Salesforce space.

If you are interested in learning more about the process and current market valuations, complete the contact form and we’ll respond within one business day. Everything is kept confidential.

Are you interested in what your business may be worth? Unlock the value of your IT Services firm, visit https://www.itexchangenet.com/marketplace-how2exit and complete the contact form.

Our partnership with IT ExchangeNet focuses on deals above $5M in value. If you are looking to buy or sell a tech business below the $5M mark, we recommend Flippa.
--------------------------------------------------
💰If you’d like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/

►Visit Our Website: https://www.how2exit.com/

📧For Business Inquiries: [email protected]

👇🏻SUBSCRIBE HERE https://www.youtube.com/channel/UC_ONnhwaKSTPFt2nOxKoXXQ?sub_confirmation=1
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
📱Stay Tuned On Our Social Media :
» Linkedin - https://www.linkedin.com/in/ronskelton/
» Twitter - https://twitter.com/ronaldskelton
» Facebook - https://www.facebook.com/How2Exit
» Newsletter - http://deeper.how2exit.com/

#How2Exit # # 💖Thanks for watching! 💖

Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.
...more
View all episodesView all episodes
Download on the App Store

How2Exit: Buy, Don't Build - M&A of Small BusinessesBy Ronald P. Skelton

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

9 ratings


More shows like How2Exit: Buy, Don't Build - M&A of Small Businesses

View all
Why That Worked  – Presented by StoryBrand.ai by StoryBrand.ai

Why That Worked – Presented by StoryBrand.ai

1,925 Listeners

Founders by David Senra

Founders

1,934 Listeners

Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

Invest Like the Best with Patrick O'Shaughnessy

2,317 Listeners

M&A Science by Kison Patel

M&A Science

124 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,389 Listeners

My First Million by Hubspot Media

My First Million

2,624 Listeners

The Intrinsic Value Podcast - The Investor’s Podcast Network by The Investor's Podcast Network

The Intrinsic Value Podcast - The Investor’s Podcast Network

563 Listeners

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

All-In with Chamath, Jason, Sacks & Friedberg

9,236 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

The Private Equity Podcast, by Raw Selection by Alex Rawlings

The Private Equity Podcast, by Raw Selection

32 Listeners

Top M&A Entrepreneurs by Jon Stoddard

Top M&A Entrepreneurs

9 Listeners

Acquiring Minds by Will Smith

Acquiring Minds

249 Listeners

Piers Morgan Uncensored by Piers Morgan Uncensored

Piers Morgan Uncensored

350 Listeners

Masters in Small Business M&A by Peter Lehrman

Masters in Small Business M&A

13 Listeners

Moneywise by Hampton

Moneywise

646 Listeners