From $15k to 8 Figures: How We Built and Sold SHOCK in 8 Years
About this episode
Lance and Scott reflect on their eight-year journey from a $15,000 investment to selling SHOCK I.T. for eight figures, discussing the challenges and successes along the way.
In this exclusive "Opening the Vault" episode, we are releasing never-before-seen footage filmed one year ago, just days before the monumental sale of SHOCK I.T. Join business partners Lance and Scott in this time-capsule conversation as they sit in the home studio reflecting on an eight-year journey that began with a $15,000 investment and ended in a life-changing eight-figure exit. This episode offers a raw look at the "grind" of entrepreneurship, the brutal stress of a 900-question due diligence process, and the candid reality of navigating deals with private equity firms. Discover how they pivoted through COVID-19 to find their biggest revenue spikes and what it truly takes to find a partner you can trust for nearly a decade.
People in this episode
Host: Lance Bachmann
Guest: Scott
Topics covered
- entrepreneurship
- business growth
- investment
- due diligence
- private equity
- partnership
- COVID-19 impact
Keywords
- entrepreneurship
- business sale
- investment
- due diligence
- private equity
- revenue growth
- partnership
- COVID-19
Mentioned in this episode
Organizations: SHOCK I.T., private equity firms
More episodes of Build It To Sell It: Home Service Secrets with Lance Bachmann
- Simplifying AI for contractors | Nick Ornitz!
- You’re Replaceable… That’s Why You’re Failing!
- How to Sell Your Business to Private Equity: Secrets from Katie Donovan and Lance Bachmann
- Your Business Isn’t Valuable… Here’s Why!
- From $835K Debt to a $36 Million Exit: The Brutal Truth of Business Partnerships with Bryan Toff!
- The Real Numbers Behind Selling a Roofing Company to PE
Explore listener stats, chart rankings, contacts and more on the Build It To Sell It: Home Service Secrets with Lance Bachmann podcast page.