Parham Parastaran returns to Beyond 8 Figures to talk about acquisition entrepreneurship, shifting focus and his philanthropic work. Since his last visit, Parham exited his business for over $10M and now independently acquires mom and pop automotive stores. He’s also an advocate for entrepreneurs’ mental health. Catch up with Parham Parastaran on this week’s episode.
On today’s podcast:
- Catching up with Parham since his last visit - 1:59
- Acquisition entrepreneurship and how Parastaran is acquiring independent stores - 6:51
- Merging acquired companies within your business - 9:34
- Activity in acquiring mom and pop businesses- 12:28
- How to find businesses that are selling - 17:00
- How the focus of an entrepreneur has changed for Parastaran - 22:23
- Being comfortable with not restructuring your acquisitions - 26:21
- Working by yourself vs working with partners/ a team - 29:33
- Learning from quitting and failures - 31:12
- How Parham stopped his limiting beliefs - 34:40
- How to dream big - 36:52
- If your business is built off of fire and not in organized steps, it will crash - 41:18
- Trends Parham is paying attention to - 42:36
- Parham’s philanthropy - 46:54
- Parham’s legacy - 49:14
- “The better psychologically sound I became, the better businessman I become.” - 51:33
Key Takeaways:
- The goal is to make little change as possible when acquiring a business
- Your second round of entrepreneurship will feel different
- Until you quit something, you don’t see what it is
- Don’t dream too low
- Take care of your mind
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