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Join us in this episode as A.J. Lawrence sits down with Parham Parastaran, who shares invaluable insights on business growth through acquisitions. Get inspired by Parham’s journey of exiting a $10M business and independently acquiring mom-and-pop automotive stores. Plus, he'll be sharing why mental efficacy is crucial for entrepreneurs, along with some practical advice to drive success in your own entrepreneurial journey. Don't miss this inspiring and informative episode that unlocks the secrets of strategic acquisitions for your business growth! EPISODE HIGHLIGHTS: Seek opportunities in consolidation: Parham recognized the trend of consolidation in the tire and auto industry and saw it as an opportunity. By purchasing independent stores and eventually rebranding them, he is creating a larger, more valuable entity. Keep your eye out for similar consolidation opportunities in your industry. (13:25) Be strategic in acquisitions: Parham talks about his "Operation Minimal Disturbance" approach to acquiring businesses. He believes that if a business already has a strong staff and efficient operations, there's no need to reinvent the wheel. Instead, focus on making necessary changes only where the shop, managers, and employees are willing to adapt. (21:03) Don't underestimate the power of a clean canvas: Parham's decision to sell his operating business opened up a world of possibilities for him. Sometimes, stepping away from a current system can provide the clarity needed to see opportunities beyond our immediate surroundings. (23:00) Have a clear goal and disciplined approach: Parham's previous lack of a clear goal and reactive decision-making hindered his business growth. Now, armed with a disciplined strategy, metrics, and a defined vision, he is poised to achieve long-term success. (27:24) Embrace ambition without guilt: Parham's past experiences and upbringing led him to associate success with being a bad person. However, he has since learned that wealth and success don't define morality. By embracing your ambition, you can strive for greatness while staying true to yourself. (38:04) ABOUT PARHAM PARASTARAN: Parham Parastaran is an entrepreneur, philanthropist, and author who focuses on mental efficacy in the business community. His life was not always smooth sailing, but he managed to turn it into bigger better opportunities. SUBSCRIBE TO THE BEYOND 8 FIGURES PODCAST: Discover proven business tips and strategies from successful 8-figure entrepreneurs. Don't miss out! STAY UPDATED: Sign up for our newsletter and get the latest insights, resources, and valuable content delivered straight to your inbox: https://beyond8figures.com/newsletter/ CONNECT WITH US: Follow Beyond 8 Figures for more business-related content. LinkedIn: / beyond-8-figures Twitter: / beyond8figures Have a question, feedback, or suggestion? Post in the comments below! #BusinessGrowthThroughAcquisitions #ParhamParastaran #Beyond8Figures