Compound Conference

I recently attended the HoldCo Conference. Here were my major takeaways: This was a conference of people who either owned multiple businesses or hope to one day own multiple businesses. I only have one business (@rolling_suds) but because we have hundreds of units across the country, they told me I was allowed to come ;) - Holding Companies usually have one or two businesses that make up the bulk of the HoldCo annual revenue - Walker Deibel suggested getting one business and building it for 5-7 years before deciding to add any additional businesses - The people who attended were AWESOME and I am glad I got to develop some great relationships with other solid operators - You can use media and content to accelerate your business, no matter what business you are in - Growing a business is hard, being specific and focused about what you are building and why makes it *easier* - If you are going to partner with someone, a good partnership is nothing without clear expectations from the start and regular check ins, things can go wrong - Building businesses so they are independent on their own is better than having tons of shared services because you may have trouble selling the companies later. Also, it removes accountability from the CEO of those businesses for certain functions when you bring them up at the HoldCo level. - Once you have built significant wealth (or are on the path), building a generational HoldCo early is incredibly important to set your family and their future families up for success. - Remote business ownership is possible with clear expectations and as long as you have a clear understanding of how to operate the business. - I didn’t meet any owners who didn’t have experience fully operating one business for at least a couple of years - The SMB/ETA/HoldCo community is strong and I continue to be impressed by the types of people I get to meet I highly recommend you attend next year!