PSA: Before you can start a HoldCo, you have to buy or start one business successfully.
@SMB_Attorney You know as well as anyone no business is required to have a hold co.
Real email conversations: Cold email: Hey Ron, I'd love to come onto How2Exit and chat about the Hold Co. I'm building, My background is blah blah blah Me: Cool, how many companies have you acquired into your Hold Co. Them: Well we are just getting started, we are industry agnostic Blah, blah blah Next...
@SMB_Attorney Feels like one of my PSAs I pull out of the hat a few times per year. Please, let's see you build and operate one thing successfully. Then we can talk programmatic or building a HoldCo.
@SMB_Attorney My stock portfolio doesn’t count?
@SMB_Attorney You mean you have to have actual holdings? 😂
@SMB_Attorney Hilarious to see how many people talk about hold co’s on this platform with such bravado. Very few people are able and equipped to own one business successfully. And just a fraction of those that are equipped to own one are able and equipped to own several!
@SMB_Attorney How many businesses are needed for a HoldCo? 2? 17?