Action Academy | Millionaire Mentorship For Your Life & Business From Corporate Analyst to $1.5M Business Owner in 11 Months w/ Eric Clewis
Sep 2, 2025
Eric Clewis, a former corporate analyst turned successful business owner, shares his inspiring journey from the oil and gas industry to building a $1.5M procurement firm in just 11 months. He discusses his pivotal health crisis that spurred his leap into entrepreneurship, and passionately outlines the significance of strategic partnerships and clear agreements in business. Eric also dives into the complexities of funding options and the emotional hurdles in acquisitions, encouraging aspiring entrepreneurs to step out of their comfort zones and embrace growth.
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Start With Required Cash Flow
- Work backward from the cash flow you need to replace your lifestyle to determine target business size and SDE requirements.
- Use SDE and typical industry multiples to translate required cash flow into a realistic purchase price range.
Partner For Your First Deal
- Partner for your first deal when possible to cover blind spots and share workload and risk.
- Pick partners with complementary skills and use DISC or similar profiling to validate fit before committing.
Use A Rock-Solid Operating Agreement
- Hire a quality attorney and draft a detailed operating agreement that specifies roles, buyouts, and exit mechanics.
- Spell out performance remedies, buyout multiples, payment terms, and dispute scenarios to avoid multi-million dollar disputes later.