Parham Parastaran returns to Beyond 8 Figures to talk about acquisition entrepreneurship, shifting focus and his philanthropic work. Since his last visit, Parham exited his business for over $10M and now independently acquires mom and pop automotive stores. He’s also an advocate for entrepreneurs’ mental health. Catch up with Parham Parastaran on this week’s episode.

On today’s podcast:

• Catching up with Parham since his last visit - 1:59
• Acquisition entrepreneurship and how Parastaran is acquiring independent stores - 6:51
• Merging acquired companies within your business - 9:34
• Activity in acquiring mom and pop businesses- 12:28
• How to find businesses that are selling - 17:00
• How the focus of an entrepreneur has changed for Parastaran - 22:23
• Being comfortable with not restructuring your acquisitions - 26:21
• Working by yourself vs working with partners/ a team - 29:33
• Learning from quitting and failures - 31:12
• How Parham stopped his limiting beliefs - 34:40
• How to dream big - 36:52
• If your business is built off of fire and not in organized steps, it will crash - 41:18
• Trends Parham is paying attention to - 42:36
• Parham’s philanthropy - 46:54
• Parham’s legacy - 49:14
• “The better psychologically sound I became, the better businessman I become.” - 51:33

Key Takeaways: 

• The goal is to make little change as possible when acquiring a business
• Your second round of entrepreneurship will feel different
• Until you quit something, you don’t see what it is
• Don’t dream too low
• Take care of your mind

Connect with Parham Parastaran:

• Website: Perfect Pain
• Instagram: @perfectpainbook
• Facebook: Parham Parastaran
  
  

Connect with A.J. Lawrence:

• Website: ajlawrence.com
• Email: [email protected]
• Instagram: @ajlawrence
• LinkedIn: A.J. Lawrence
  
  

Follow Beyond 8 Figures:

• Website: Beyond8Figures.com
• Twitter: @beyond8figures 
• Facebook: Beyond 8 Figures
• Instagram:@b8fpodcast
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