The Rise of Acquisition Entrepreneurship with Parham Parastaran

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By A.J. Lawrence and Beyond 8 Figures. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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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