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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

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.

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.

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.

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.

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.

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.

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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