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Rick Jordan

πŸ‘€ Speaker
1017 total appearances
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Podcast Appearances

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

And I get you start scaling.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

You do M&A and you scale.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

It's curious to me that how it becomes zero.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

You built it alone before you went public and all that.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

Why is it zero?

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

Is there nothing to carve out of this thing?

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

It didn't go to zero.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

It went to two.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

Built it up to four.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

Then M&A and going public got it up to 15 in a matter of two years, right?

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

From the four to the 15 and then six months and went down to two, which is where we're at right now.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

Most of the customers that were part of these acquisitions were just gone as well because of the results, the aftermath of a lot of these things.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

That was all disclosed.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

I was grateful though, truly, because I kind of kept a little bit of a foundation to kind of start again.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

If you want to look at it, if we're using this house analogy, it's kind of like I always had a suitcase, kind of like a go bag in that area.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

I did the M&A through a different company that went public.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

This is good for people to talk about.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

If you want to talk about asset protection or isolation and made sure because we were independently audited to man being a public company, making sure that if there was anything, because I kept some staff in my private company, some technicians and all that.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

So then they were servicing customers, the public company, but that actually became like a vendor client relationship.

Right About Now - Legendary Business Advice
Founder Lessons From Scaling, Going Public, and Rebuilding | Rick Jordan

And those transactions were fully audited so that they stayed at an arm's length because interrelated company transactions are never that great.