20 Nov Acquiring Minds: Cash Flows Over Exits: Buying for the Long Term | Mark Olivito Interview
Mark Olivito bought a sub-million, barely-profitable, project-based construction business with serious key-person risk. As he says, “We check off every box of what NOT to buy.” Why’d he do it? First, a bias toward action. He couldn’t see himself sitting in front of a screen for 2 years, searching, searching, searching. Second, he saw the business as an uncut gem with a vast, untapped market. Professionalizing the business, reinvesting earnings, and building awareness seemed like a winning formula for a long-term hold. 5 years later, he’s tripled the business, with faster growth around the corner.