January 2022, and we're talking about getting your business to the next level, getting your business to the next level. What are some things you can do to get your business to the next level? That's what I wanna help you with. Today, I wanna talk about one of the best ways to grow your business, and that's strategic acquisitions. You know that there's a small player in your market. They got in, but maybe they decided, you know what? I'm gonna continue with my full-time job, and I'm not gonna really mess with this side hustle or somebody bought equipment, sh*t happens, they no longer need the equipment, they're getting out. These are some of the best ways to grow your business. The thing that is most important is grabbing the customer data and at times, and this is how large companies do it. We just had a restaurant owner buy another large restaurant company. They have like three locations, probably do about 10 minute million a year among the 10 location, three locations. They bought the restaurant, cash upfront was the cost of the liquor license, which is about 70, 80 grand per location. So about 240, 250, I think they covered a couple of debts that were outstanding. Total cash for a $10 million revenue business was like 500 grand, and then the owners are gonna get payments over three years. Well, where do you think those payments are gonna be, are gonna come from? It's gonna come from those restaurants that they bought. They're basically arbitraging the purchase of the restaurant with about half a million dollars in cash. And they're gonna own a $10 million in revenue asset. That's probably worth about 10 to 15 million depending upon what their profitability looks like, which probably isn't that bad. They own three buildings and all of the equipment that goes inside of those three buildings there were some money, but someone bought them for half a million in cash. And then they're gonna pay out the owners over three years for on proceeds of those three restaurants, not too shabby, right? You can do the same thing in your marketplace by trying to find companies that either are struggling, looking to get out, maybe bought something and they really don't need it. Strategic acquisitions can help you grow, can help you get to the next level. And if you're smart about it, you can put together a type of purchase that doesn't require you to bring a lot of capital outta your pocket. Everyone wins. You shouldn't be paying a couple hundred thousand dollars for a home service business. If there's one, two employees and a truck-like who cares, what that equipment is, equipment's garbage. What's not garbage is the customer list. So how much revenue did the customer list bring and how much CU, how much revenue can you get out of that customer from the list over the next 12 months? That's the real value? The equipment, eh, you never know when, when it's gonna break down, what's gonna happen, right? Vehicles, same thing. But the customer list, having the data, if the data complete will definitely help you grow your business will definitely help you get to the next level. Well, if you do it correctly, strategic acquisitions will help you DMN8 the day.