Sanitärbetrieb: Baugeschäft für mehr Servicewachstum aufgeben

0:00Unternehmer/Gast I sell plumbing services to commercial >> [cough] >> residential customers. >> services to who? Uh to residential and commercial people. Okay. Uh we do about 5 million in revenue. Half of that's construction, half of it's service work. I would like to do about 10 million dollars in service revenue. And what's stopping me is really the construction side is a huge focus and a drain. So, I'm just kind of wondering if I should kill that side or refocus it so I can pay more attention to the service side.

0:28What do you think I'll say? What do I think you'll say? Yeah. I mean there's a not as a slight. I just I mean it genuinely. I don't know. That's why I was asking. >> Okay. Yeah. Yeah. Okay. No, that's fine. Um I Is I mean fundamentally is the construction thing just like a separate business? Yeah, they're they're essentially ran two separate ways. Yeah, it's just under one income statement. I bought the business a year and a half ago and I got

0:55>> the construction business? I bought both together a year and a half ago. So, >> Interesting. Yeah. From an entrepreneur who was retiring? Yes. Got it. Okay. What's the EBITDA contribution of each? It's about 50/50, but the the pay like the accounts receivable collection on the construction and the capital working capital requirements is much Yeah, and cash flow sucks. Right. Exactly. Yeah. Um is there one of those two businesses that you like better?

1:23Alex Yes, service. Yeah. I would be willing to let it go. It's sunk cost. It's like it's already in your head. Even if you even if you bought [clears throat] it and paid for it, it's it's that decision's done. And the only decision you have now is like, well, if I were to start this today, would I do it this way? And probably not. And so, if you're looking at also from an acquisition perspective, like if you want to get acquired in the future, which is I'm guessing cuz you bought it here, um it's cleaner. Yeah. >> It's like what's cuz they're going to probably want to carve out cuz they're like, well, we only want this piece and this is different than that. And especially if it's splitting your attention, um you'll be amazed at how much faster the other one will grow by getting rid of the headache. It's just really painful in the short term because you have all these like, I made this mistake. I should have And I will refer back to the nine failed businesses I have and losing all of my money twice. And so, like I think the game's long and it's um I think your gut was right. I think you kind of know. Okay. Thank you.

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