About this episode
Join host Chris Lee in an exhilarating conversation with Tommy Mello, the entrepreneurial powerhouse behind the massively successful garage door service empire, A1 Garage Door Service. Tommy's journey from humble beginnings in Michigan to scaling a multimillion-dollar business in the home service industry is nothing short of inspiring. In this episode, Tommy shares the ups and downs of his entrepreneurial path, from hustling side gigs in his early years to realizing the importance of processes and management in business growth. Tommy's story takes a remarkable turn when he delves into the intricacies of navigating a private equity deal and the transformative impact it had on his company. Listeners will gain valuable insights into the process of preparing a business for private equity, the role of due diligence, and the pivotal moments that led to Tommy's business success. Tommy's infectious enthusiasm and candid storytelling make this episode a must-listen for anyone aspiring to scale their own venture, providing practical lessons and inspiration along the way." HIGHLIGHTS “I hear it every day. I'm just gonna do what you did in my industry. I'm like, Well, how many markets are you in? You're in one. And you own 1% of the market, you need to take market penetration in your market plus two or three other markets.” “The other thing is, don't listen to broke people. Because broke people are going to tell you all the reasons why something won't work. But successful people are going to say, 'Well, if you do this, this, and this, this will happen.'" "I love helping people, I love growing people, I love watching them succeed. And I think that's one of the big keys to my success." TIMESTAMPS 00:00: Introduction 02:39: Making Money At A Young Age 04:34: Selling Cars 09:27: The Beginning 12:50: Service Titan 19:06: Hiring The Right CEO 21:37: Rasining Capital 28:44: Process Of Buying And Selling A Company 38:06: Freedoms 46:30: Family & Business 🚀 Join my community - Founder Acceleration https://www.founderacceleration.com 🤯 Apply for our next Mastermind https://www.thefoundermastermind.com ⛳️ Golf with Chris https://www.golfwithchris.com 🎤 Watch my latest Podcast Apple - https://podcasts.apple.com/us/podcast/the-founder-podcast/id1687030281 Spotify - https://open.spotify.com/show/1e0cL2vI1JAtQrojSOA7D2?si=dc252f8540ee4b05 YouTube - https://www.youtube.com/@thefounderspodcast