Margins in Mulch: Buying a $1m Erosion Control Business

Margins in Mulch: Buying a $1m Erosion Control Business

Today’s guest worked for years in commercial banking. During that time, he’d deal with local business owners, seeing up close the success they had, the lives they led. And he always felt like a supporting character, that these owners were the real protagonists. “It was like, man I wish I could do that, but I’m just the banker.” Well today Greg Bruns is doing that, owning and running his own business. Now he’s not a multimillionaire yet. He’s only 3 months into the acquisition of a small hydromulching business. But he’s taken that first, that hardest step, and I know you join me in wishing him success as he grinds the dream to reality. Because it is grindy. The business Greg bought is project-based, tied to construction, vulnerable to weather. Since he’s in Houston, which saw Hurricane Beryl blow through in July, revenue collapsed that month. So for that reason, and others that Greg and I discuss, it is not easy. But, he is off the sidelines and in the game, where he wanted to be. Enjoy this conversation with Greg Bruns, former banker-now-owner of Allied Hydromulch.

 
 
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