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150 Employees and Acquiring a Business with Jason Cromley of Hidden Creek

⏱️ 47:25 🎤 Michael Pletz, Jason Crumley
AUDIO EPISODE
150 Employees and Acquiring a Business with Jason Cromley of Hidden Creek
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Chapters

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  • 3:46
    Hidden Creek's Founding Story
    Jason shares his journey from mowing lawns to co-founding Hidden Creek Landscaping with Matt, highlighting their early aspirations and educational background.
  • 8:57
    Evolution of Leadership Roles
    Jason explains how his and Matt's roles evolved, with Jason becoming CEO and Matt focusing on project management, and how this structure resolved internal conflicts.
  • 11:39
    Expanding Services and Differentiation
    Jason details Hidden Creek's strategic expansion into high-end residential design-build and other services, emphasizing their 'dare to be different' core value.
  • 19:43
    Acquisition of Capital City Pools
    Jason discusses the acquisition of Capital City Pools, highlighting the benefits of buying a reputable owner and brand rather than starting a new division from scratch, and the 'gateway drug' effect of pools on client projects.
  • 35:32
    Future Acquisitions and Business Strategy
    Jason shares insights into future acquisition plans, focusing on opportunities to expand services like fertilization and leverage existing talent, while prioritizing employee benefits and systematization.
  • 40:54
    First Non-Labor Producing Hires
    Jason recounts the company's first overhead hires, including a designer and his mother for office management, and the subsequent growth of administrative and project management roles.
  • 47:20
    Key to Future Hiring Decisions
    Jason reveals how implementing the Entrepreneurial Operating System (EOS) and participating in peer groups helped guide hiring decisions, such as bringing on a Director of Revenue.
  • 51:50
    Balancing Work and Family Life
    Jason reflects on his biggest lesson: prioritizing family while building a successful business, and shares a humorous anecdote about coaching his kids' sports teams to ensure he left work on time.

Speakers

M
Michael Pletz
Host
J
Jason Crumley
co-founder of Hidden Creek Landscaping

Key Takeaways

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Prioritize passion when adding new services: Don't expand into areas you're not passionate about, as client expectations demand genuine engagement for success and profitability.

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Dare to be different and innovate: Continuously seek ways to differentiate your business from competitors, whether through unique materials, advanced design, or superior customer experience, to avoid commoditization.

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Strategic acquisitions can accelerate growth: Acquiring an established company with a strong reputation and backlog, rather than starting a new division from scratch, can provide immediate revenue and expertise, especially for complex services like pool installation.

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Leverage 'gateway' services to expand projects: Identify services that naturally lead to larger projects (e.g., pools leading to patios, outdoor kitchens, landscaping) to maximize project scope and client value.

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Implement structured operating systems: Utilize frameworks like EOS to organize your business, define roles, and create clear accountability, moving beyond a 'contractor-only' mindset for sustainable growth.

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Invest in non-labor producing roles early: Hiring designers, administrative staff, and project managers can free up owners to focus on strategic growth and improve overall efficiency, even if these roles don't directly produce billable labor.

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Prioritize employee well-being and benefits: Offering comprehensive benefits, a positive work environment, and growth opportunities not only attracts talent but also serves as a strong foundation for retention and employee loyalty.

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