The Kitchen Table
EPISODE NOTES * Andrew Hathaway is Co-Founder of Freedom.AI and operates out of Cherry Creek, Denver — right in the heart of the private equity and M&A world. * His three-part framework for business owners: Executive Assistants for time freedom → AI automation for operational efficiency → Life insurance strategies for financial freedom. * The "Become Your Own Bank" concept: using a permanent life insurance policy's cash value to finance major business purchases (trucks, equipment, bonuses) while your money keeps compounding — effectively making one dollar work in two places. * Why virtual assistants (VAs) from the Philippines remain a competitive advantage — Andrew says he'd never go back to hiring Americans for admin roles, given the cost difference and quality of talent. * AI phone answering and overflow call handling is already working for home service companies — Andrew admits he was skeptical but is now a believer. * Private equity is aggressively acquiring home service companies right now, including roofing, fire safety, HVAC, and plumbing. Andrew recommends always using an M&A advisory firm before engaging PE — going in alone can drop your multiple from 7-8x down to 4-5x. * Ken shares Potomac Custom Remodeling's 2025 revenue goals ($20M minimum, shooting for $30M) and expansion into Delaware and Pennsylvania. * Baden Consulting is pivoting to serve the roofing/retail roofing consulting niche with a community-based model after strong demand on social media. * Andrew's closing legacy thought: beyond business, he wants to be remembered as someone who helped blue-collar entrepreneurs become spiritual leaders and positively impacted lives in the marketplace. TIMESTAMPS 0:18 – Welcome & Introduction 1:00 – Andrew's world: Private equity, M&A, and home services in Denver 3:00 – The fire safety industry and PE acquisition frenzy 5:00 – Andrew's business model: EAs, AI, and life insurance strategies 6:00 – The "Become Your Own Bank" concept with life insurance 10:00 – Virtual assistants vs. AI automation — what's still worth hiring a human for 13:00 – The private equity opportunity for home service owners 15:00 – Why you need an M&A advisor before talking to PE firms 18:00 – Ken's growth goals: Potomac Custom Remodeling's 2025 plan 20:00 – Staffing challenges in scaling a roofing company 23:00 – Baden Consulting and the roofing community pivot 26:00 – Andrew's 2025 business goals: targeting $10M per company 29:00 – How to contact Andrew Hathaway 31:00 – Andrew's legacy: faith, family, and marketplace leadership 🔗 Connect with Andrew Hathaway: LinkedIn: https://www.linkedin.com/in/anhathaway/ [https://www.linkedin.com/in/anhathaway/] Instagram: https://www.instagram.com/theandrewhathaway/ [https://www.instagram.com/theandrewhathaway/] Website: www.hathawaydashcompanies.com 🌐 The Kitchen Table Podcast: thekitchentablepodcast.net 🏢 Baden Consulting www.badenconsulting.net 🏢 Potomac Custom Remodeling: www.potomaccustomremodeling.com #BlueCollarBusiness #AIAutomation #HomeServicesBusiness #PrivateEquity #BusinessFreedom #TheKitchenTablePodcast
144 episodios
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