From $7m to $44m in One Year: How to Scale Your Wealth Fast Through Partnerships
238 views
Description
If you’ve ever wondered how to scale a business without outside funding or how to find the right business partner this episode is for you. Today I sit down with Mike Merrigan and Bo Kort, two powerhouse entrepreneurs who’ve built a portfolio of 43 companies and over $150M in real estate, all without raising capital. Coming from a small town in Arizona, they’ve mastered the art of strategic partnerships, buying undervalued businesses, and turning failing assets into thriving enterprises. In this episode, we go deep on: The number one mistake people make in partnerships (and how to avoid it) How they bought a $7 million business and scaled it to $44 million in one year The 3D formula for finding undervalued real estate deals The exact mindset shifts that separate winners from those who fail How to balance business, relationships, and personal growth without burning out Mike and Bo don’t just talk about success they live it. Their strategies are raw, real, and applicable to anyone wanting to scale a business or invest in real estate. #businesspartnerships #scalingbusiness #buildingwealth Key Moments: 2:54 The Power of Long-Term Partnerships 4:09 Entrepreneurship is in Your DNA 8:01 How Rotary Club Shaped Their Business Mindset 12:29 How to Spot a Winning Business Deal 17:06 Mindset of a High-Performing Entrepreneur 27:04 The 3D's For Investing in Real Estate 29:38 Importance of Relationship-Based Investing 34:00 The $275 Wake-Up Call 40:03 Why Most People Fail in Business 52:11 Securing Financing on Risky Deals 58:47 Biggest Business Mistake to Avoid 1:01:11 The One Piece of Advice They’d Give Their Younger Selves Mike & Bo info: Mike Merrigan and Bo Kort are seasoned entrepreneurs with over 35 years of experience, having built a diverse portfolio of 43 companies across more than 20 industries in four states. Their journey began in Bullhead City, Arizona, where Mike, at 17, co-founded a chain of video stores, and Bo, at 21, acquired a bread distribution business serving Laughlin's casinos. Over the decades, they've expanded into various sectors, including real estate, retail, and industrial services, amassing over $150 million in commercial real estate holdings. Their success is attributed to their relentless drive, strategic vision, and the ability to transform challenges into opportunities. Today, Mike and Bo are dedicated to sharing their wealth-building strategies, aiming to inspire and guide the next generation of entrepreneurs. Contact info: Website - www.mikeandbo.biz IG - @mikeandbo YouTube - @mikeandbo Mike Merrigan IG - @realmikemerrigan Bo Kort IG - @realbokort