An extra ~$20B a month in tariff revenue, ~$250B annualized, and we still can’t put a dent in the budget deficit. How?

One down day and everyone is calling for a Black Monday next week

Commercial HVAC business owner can achieve a similar financial outcome as a Residential HVAC business owner. 2 different paths with similar outcomes. Here’s how: Commercial HVAC: 3x - 5x EBITDA Low EBITDA margin High NWC requirements High customer concentration High

It’s official. Our HVAC company is switching over to ServiceTitan from Housecall Pro and the go live date can’t come soon enough. ServiceTitan

Went South looking for HVAC work

The value of my HVAC company jumps after I offer rosy forecast for 2030 to private equity

I’ll provide 3 answers here: No. No. Hell No! Owning and operating a residential rental property is one of the worst investments I can think of with a terrible ROI on your time

The last thing you see before your rolled equity in the PE-backed HVAC platform goes to $0

10 Quotes for owning & operating an HVAC business that I’ve found to be true “EBITDA doesn’t mean cash flow” “When Private Equity buys out a competitor, expect a lot of techs to be calling for a job” “With techs, you’re only going to get 70% out of them” “Stay away from new

HVAC summer time hours are officially over

I took a similar approach with our small HVAC company. The difference between $25/hr and $30/hr is massive. Pay employees more and you attract the right talent, lower turnover, increase morale, and increase productivity. Customers take notice of a happier, more

This seems … unsustainable “There are 19,000 private equity funds in the US. There are 14,000 McDonald’s in the US. How are there more private equity funds than McDonald’s?”

“But the greatest product, the one that made all the others possible, was credit. Buy now, pay later. It was a kind of magic.”

My home market is dead last on this list with -6.4% YoY decline in home prices. Feels a lot worse than that.

What’s the EV for a $2m EBITDA HVAC company? A couple of things to consider before submitting the IOI: Scale. $2m EBITDA is a sizable asset, check the consistency and sustainability of the $2m. If it’s lumpy or recent (ie hockey stick growth), it’s a headwind to value and

A Fortune 500 company CFO once told me there’s no such thing as ‘work-life balance’ in finance if you’re going to be successful. He was successful. And single with no kids.

“But the greatest product, the one that made all the others possible, was credit. Buy now, pay later. It was a kind of magic.” 1929 by Andrew Ross Sorkin Other than the Bible, this is the best book I’ve read in years.

How much is F you money?

So my HVAC company couldn’t order materials from our suppliers, get insurance for new vans, or communicate with customers because Amazon AWS was down today. But I could still post about it on X … ok.