Apr 18, 2023
Investors, Business Leaders, and a Network of Talented Professionals, One Freedom with Jon Lowrance
Welcome to Building Scale, the podcast that delves into the strategies and insights of successful leaders in the architecture, engineering, and construction industry. In this episode, we sit down with Jon Lowrence, CEO of One Freedom, a holding company that acquires profitable businesses related to construction. John shares his journey and the importance of scaling a business using people, process, and technology. He emphasizes the value of investing in IT maintenance, delegating tasks, maintaining relationships with previous owners, managing cash flow, and understanding the human element of doing business.
Jon provides practical advice on the acquisition process, due diligence, and financing options for buying a business. He also stresses the importance of maintaining a good relationship with the previous owner and delegating tasks to increase productivity. The podcast highlights the importance of effective communication, culture, and investing in technology, including cybersecurity prevention.
Don't miss out on this insightful episode that provides valuable insights for small and medium-sized business owners. Tune in to Building Scale and learn how to scale your business for success.
Topic: Scaling a business using people, process, and technology.
- Interview with Jon Lawrence, CEO of One Freedom, a holding company that acquires businesses related to construction.
- One Freedom's goal is to help individuals achieve the freedom they desire in their personal and professional lives.
- Discussion of the process of acquiring already-established companies whose owners are retiring, burnt-out, or experiencing a breakup.
- Importance of having an effective and streamlined process in buying a company.
- Importance of owner financing and maintaining a good relationship with the previous owner after buying a business.
- Importance of delegating tasks in a business to create more time and increase productivity.
- Challenges small business owners face when transitioning ownership to someone else, including delegating tasks, trusting and training employees, and creating documented processes.
- Importance of improving cash flow to fund the growth of a company.
- Importance of communication in small and medium-sized businesses, rewarding desirable behaviors, and effective communication.
- Need for difficult conversations with employees who exhibit undesirable behaviors in the workplace.
- Importance of maintaining positive culture and investing in marketing and technology for a company's growth.
- Importance of investing in cybersecurity prevention for businesses and outsourcing to professionals.
- Importance of not comparing oneself to others in the journey of success.
[0:0:21] Unlock explosive growth in your AEC business with the proven strategies of successful leaders: harness people, process, and technology to skyrocket success.
[0:1:29] Jon Lowrence, CEO of One Freedom, has a proven track record of driving rapid growth and achieving unprecedented success with his businesses, leveraging cutting-edge processes and strategies.
[0:1:44] By tapping into a unique combination of traditional debt, owner financing, and private equity, entrepreneurs can unlock a powerful source of funds to fuel their business ventures.
[0:1:44] By leveraging simple tactics such as automating emails, sending reminders, and recognizing good behavior, businesses can significantly improve their cash flow and optimize their accounts receivable - up to a staggering 20%.
[0:4:30] Feel liberated from the shackles of your business with One Freedom - the ultimate solution for gaining time and financial freedom.
[0:6:39] Acquiring an already-profitable business can be a smart, efficient way to jumpstart your entrepreneurial journey - especially when you target businesses whose owners are ready to retire, burnt out, or facing relationship issues.
[0:20:36] By optimizing processes for efficiency and simplicity, businesses can experience remarkable growth through dramatically improved productivity and cost savings.
[0:21:25] By investing in marketing and delegating tasks, small businesses can unlock their potential for massive growth.
[0:22:16] To ensure business growth, savvy business leaders must be willing to make difficult, yet necessary, decisions and embrace transformative behavioral changes.
[0:30:34] Fueling your business' expansion necessitates either cash reserves or debt, and judiciously managing accounts payable is essential to maximizing your cash flow.
[0:38:21] By entrusting your IT responsibilities to experts, you can experience greater peace of mind and unleash boundless potential for business growth.
[0:50:23] Through effective communication, difficult conversations can bring issues to light, enabling necessary change and a brighter future.
Connect with Jon -
Connect with Justin & Will -
Will's LinkedIn: https://www.linkedin.com/in/willforet/
Justin's LinkedIn: https://www.linkedin.com/in/justneagle/
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